Hedge Funds sucking public schools dry

Well, now, there is much more to the story than just the unethical toad Daniel Loeb’s millions towards charter schools.    The creeps on Wall Street see a gold mine in Charters….they can’t lose.  And it’s not just unethical investors in the U.S., but foreign investors looking to make a fast buck off of American children. and get a green card to the U.S.

Why does it not surprise me that Bill Clinton allowed this to happen by signing into law effing tax breaks for these monstrosities??  Good God, how does this creep get away with soo much?  Is there no one who will stand up to him and HIllary?  WTH?!

What’s that giant sucking sound…?

It’s millionaire bankers, hedge fund managers, the Walton family, and foreign investors draining our public schools dry.

 

 

 

Loeb putting millions into charter schools

Sometimes I wish my hunches weren’t right, then I wouldn’t  have to see the workings of unethical toads like Daniel Loeb. (hat tip to Diane Ravitch).

Yep.  He’s a union buster.  And is putting millions towards destroying them and the public school system.

It’s clear to me with the new information that Loeb is a conservative who probably sees the movie industry as supporting liberals, and wants to destroy it.  He puts money into schools that seek to destroy the creative by micromanaging them,  so it’s not a big leap that he wants to destroy the creative in movies.   Just my guess.

Hedge funds create jobs?

Um – hmmm…

These are just my first thoughts after a quick read~~

The title of the piece is written in a condescending way.  ” Just STFU and do your movies.”   Insulting.

The author brings up the two flops that Loeb complained about–and as George had stated, Loeb picks two flops and ignores the profitable movies. You can’t possibly think that you’re going to have hit after hit? Seriously? If one never takes a chance and puts stuff out there that may or may not do well at the box office, according to the public’s whim, then we’ll have what happened to the music industry. With the exception of Adele and the former Amy Winehouse, I can’t think of any new music that is being played on the radio that is worth a crap.

From the article:

But to be clear, and with job-creating growth in mind, if hedge funds didn’t exist we’d have to invent them

Um.. I don’t know for sure, but I don’t think hedge funds invested in the movie industry when it was created. Folks used this thing called “cash” to form the studios and then they had this great idea to make some films and then ask people to pay to see them. Hedge fund investors don’t invest until there is a business going already. And Hedge funds have been known to fail themselves.

I found a history of hedge funds in investopedia.

More from the article:

It’s not broadly understood this way, but hedge fund billionaire John Paulson not only saved jobs, but the billions he earned surely created new ones.

Seriously? Where are those jobs, because there are an awful lot of people out of work for all the jobs created by Hedge Funds. /snark

For taking these risks, hedge funds are not only masterful job creators, they’re also paradoxically masterful job savers for their intrepid style telling others where and where not to go with their capital.

I think I’m going to be sick.

Let me get this straight–they create jobs by telling investors not to invest in a company that might create 100 jobs because….Company A looks better than Company B because Company A is willing to go without a union shop and pay people minimum wage….am I correct…?

Or…how about this–if you follow the “short selling” link, you see this:

Selling short is the opposite of going long. That is, short sellers make money if the stock goes down in price.

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Read that again–short sellers make money if the stock goes down.  Now I’m wondering if Loeb is short selling….or if someone he knows is short selling Sony stock?  An associate?  A relative?  Since Loeb actually owns the stock, it doesn’t appear that he is short selling, since the broker technically owns the stock in a short sale.  Gah.  The whole thing sounds like a scam.

I used to invest in stock back in the day.  I took an investment class in college, and I did quite well investing in emerging telecommunications technology.    But this was at the beginning of the metamorphosis I was going through, and I began to question the whole scheme because of stuff like the above.  I knew that I could not invest in companies that did not use Fair Trade practices or those that ran sweat shops,  or companies like Monsanto, etc.  The decision came to stop investing after losing $4,000 in Lucent Technologies, which had “facts” and “figures” that made it appear to be a good investment.  Turns out that it was not. 

Telling Sony to spin off the entertainment portion of its business is not creating jobs. Sorry, try another line of defense of the doubletalk.

Biotech food launches new website

Propaganda...gotta love it. Not.   Ninety-three percent of Americans want GMO labeling…why isn’t Congress doing what the American people want??  I mean, they keep stating “the American people want…” so they must be concerned with honoring our wishes….right?   /just a little sarcasm there, folks

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One really has to wonder if the folks at the FDA have too much time on their hands or have completely lost their minds when you read stories like this. 

I think we should all live in bubbles so there is no way that we could ever, ever, ever come in contact with salmonella or any other bad bug.  /snark

I want eggs by free range chickens, but I can’t always get them.    It makes sense that the nutrition is better with free range eggs–look at the variety in their diet.  Clearly, the FDA is infiltrated with Big Ag  corporations that want to squeeze out the organic farmer.

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Speaking of organic food–I am starting to see the fruits of my labor with the heirloom tomato, Cosmonaut Volkov.  I had one the other night with mayonnaise on it…and OMG, it was delicious!  It tasted like tomatoes used to taste like before the hybridized the taste out of them!  Oh, wow, it was just like they tasted back in the 60s.  I kid you not.

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More on the GMO war–of course, it always comes down to who is funding  it.   Gah, the “NO” list reads like a list of defense contractors.

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Organic food sales are increasing.  People are waking up to the poison in their food.  Good for them.

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Michael Pollan and Mark Hertsgaard on how sustainable farming practices can help with climate change.

PR Watch

…has a few links up:

ALEC anniversary being celebrated in Chicago.  A few folks thought they’d drop by….

MOVIE SCREENING: On Wednesday, August 7, at 6 p.m. Common Cause, the Center for Media and Democracy, and others will host a screening of the Bill Moyers documentary the “United States of ALEC” followed by a panel discussion. The screening will be held at the University Center, 525 South State Street in Chicago.

RALLY: At noon on Thursday, August 8, a coalition of groups, spearheaded by the Chicago Federation of Labor, is calling on people to gather outside the ALEC conference at the Palmer House Hotel, located at 17 East Monroe Street for a march and rally. You can tell them you are coming here.

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ALEC, Big Oil, and Big Ag…

 

ALEC and low wages…

 

Public Television pulls funding for documentary on the Kochs…because the Kochs are million dollar contributors.   Selling their soul doesn’t come cheap, you know…

 

 

The Rhee Op-Ed you didn’t get to see…

John Merrow wrote an Op-Ed about Michelle Rhee that was rejected by three national newspapers…claiming that she was not national news.  Um-hmmm…

If you’re wondering why, please see previous blog on how much media has been controlled by Bill Gates and friends…

Poverty and Education; Gates and Broad

The thing that gets pushed aside with “school reformers” is the link between poverty and lower grades.  I never fully understood this country’s contempt for the poor until now.   You truly have to experience it as a poor person to understand.  You’re worse than criminals because at least criminals get three hots and a cot.  What does Congress do?  Cut funding to the Housing and Urban Development and cut food stamps.

And I found this excellent post by Joanne Barkan  on the fallacy of “school reform” by Gates, Broad, et al.  It is sickening how Gates has manipulated data, ignored poverty, and is stealthily racist when you view the public schools that closed being heavily minority.  Gates shoveled millions upon millions towards this boondoggle when instead he could have paid taxes so that those schools would be well-funded and able to have smaller class size so that teachers could help those that had more difficulty learning, or it could have helped the poor kids get nutritious meals cooked from scratch….the simple solutions that would have the greatest impact.

From the website:

In November 2008, Bill and Melinda gathered about one hundred prominent figures in education at their home outside Seattle to announce that the small schools project hadn’t produced strong results. They didn’t mention that, instead, it had produced many gut-wrenching sagas of school disruption, conflict, students and teachers jumping ship en masse, and plummeting attendance, test scores, and graduation rates. No matter, the power couple had a new plan: performance-based teacher pay, data collection, national standards and tests, and school “turnaround” (the term of art for firing the staff of a low-performing school and hiring a new one, replacing the school with a charter, or shutting down the school and sending the kids elsewhere).

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Sickening, isn’t it??

 

More:

States were desperate for funds (in the end, thirty-four applied in the two rounds of the contest).

[…]

Enter the Gates Foundation. It reviewed the prospects for reform in every state, picked fifteen favorites, and, in July 2009, offered each up to $250,000 to hire consultants to write the application. Gates even prepared a list of recommended consulting firms.

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That pretty much says it right there.  States were desperate for funds –they had little choice.

In the same article, the Post broke the news that Bill Gates had “secretly bankrolled” Learn-NY, a group campaigning to overturn a term-limit law so that Michael Bloomberg could run for a third term as New York City mayor. Bloomberg’s main argument for deserving another term was that his education reform agenda (identical to the Gates-Broad agenda) was transforming city schools for the better. Gates put $4 million of his personal money into Learn-NY.

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And this should be great cause of concern:

On October 7 and 8, 2010, the Columbia Journalism Review ran a two-part investigation by Robert Fortner into “the implications of the Bill and Melinda Gates Foundation’s increasingly large and complex web of media partnerships.” The report focused on the foundation’s grants to the PBS Newshour, ABC News, and the British newspaper the Guardian for reporting on global health.

[…]

Both Gates and Broad funded “NBC News Education Nation,” a week of public events and programming on education reform that began on September 27, 2010. The programs aired on NBC News shows such as “Nightly News” and “Today” and on the MSNBC, CNBC, and Telemundo TV networks.

[…]

Gates and Broad also sponsored the documentary film Waiting for Superman

[…]

As a vehicle for their partnership, the foundation and Viacom (with some additional funds from the AT&T Foundation) set up a tax-exempt 501(c)(3) organization called the Get Schooled Foundation.

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There is a reason that Ronald Reagan’s and Bill Clinton’s FCC* allowed more consolidation of the media–the press has always been part of the Fourth Estate that kept Congress and the President in check.  If the media was weakened with consolidation, it concentrated ownership which in turn shut off different opinions, viewpoints, and independent voices.  It also stifled competition between media….ironic coming from people who often bring up “encouraging competition”  as a reason for allowing bank deregulation, relaxing EPA rules, and repealing or relaxing antitrust regulation.

The corporate takeover of public schools got a foothold because the media was not doing its job of investigating what was going on and who was behind it….because they were being bankrolled by those very people they should have been investigating.

*The Federal Communications Commission is staffed by presidential appointees.  The American public owns the airwaves, but those rights are being taken away from them by media consolidation.

The link between poverty and how well a child does in school broaches the subject of healthcare.   Children who live in poor areas are more likely to be exposed to toxic environments.  Heavy metals seriously impact one’s ability to learn, one’s ability to remember, and one’s ability towards impulse control–all of these impact a child’s education.  In addition, as anyone who has read this blog knows, ADD is a problem when heavy metals are involved–totally frustrating a child who may get distracted and lose focus during the teacher’s instruction, missing important information.

 

 

 

 

 

Speaking of Badasses

Diane Ravitch has a blog on the Badass Teachers Association:

 

 

 

 

I didn’t know what they meant when I searched for G4s –it came up a security agency and had many links including Israel.  However, when I searched for Gates and prisons, voila.

So I’m trying to wrap my brain around this, because Gates had invested in Monsanto, which purchased Blackwater/Xe…

…..so I’ve read several different sites that claim Monsanto did NOT buy Blackwater.  Stay tuned…jury is still out.

Whether Monsanto owns Blackwater or not, it is still a reprehensible corporation, and owning prisons?

Yeah…this would not have been possible if we didn’t have state governments privatizing state services like prisons…

Do you get the theme here?  Privatizing schools, privatizing prisons, cornering the biotech market and bullying farmers….

I found this on Cascade Investment, which is owned by Gates and family. More stuff here

Teaching, for real…

I think that everyone who proclaims to know how to teach and more importantly, knows what we need to *cough* fix education should be required to teach for an entire school year.  Absolutely.

…but then, the poor  kids they would be in charge of would lose an entire school year of education…and they’d be worse off than before.