Category Archives: Charter Schools

Your Daily Hot Air

Masters Of The Universe

ALEC is meeting in Chicago as we speak. You know that, don’t you? I assume they’re refining their plan to control the Solar System.

Solar System

ALEC’s Realm

Because, you know, complete global domination is a half-assed goal for losers. And those who populate the sinister halls of ALEC secret headquarters are winners. How do we know they’re winners? They have money and, in their universe, all that counts is money.

What is ALEC? Bill Moyers presents a swell picture of it here. ALEC Exposed does the same thing here. Or check Right Wing Watch’s mugshot of the gang here.

If you’re too lazy to click on the above links, just know that ALEC espouses, fights for, bankrolls, and — if it has its way — will soon impose by fiat upon us the following, among many other pro-corporate, fuck-you-people initiatives:

  • Stand your ground laws
  • “Shoot first” laws

John Wayne

ALEC’s American

  • The end of public education
  • Schools for profit
  • Defanging environmental standards and regulations
  • Union-busting
  • Deregulating the energy rackets

In its infancy (ALEC is celebrating its 40th birthday in Chi) the club worked tirelessly for prayer in public schools and against the Equal Rights Amendment. Later, ALEC-sters were among Saint Ronald Reagan’s most ardent stage door Johnnies. Now, it is simply the legislative muscle behind the corporate mob.

A number of people I know or am acquainted with are making nuisances of themselves outside the Palmer House Hilton Hotel where the ALEC-sters are perfecting their nefarious plots. These people are to ALEC what mosquitoes are to you and me. And ALEC is employing its very own flyswatter, in the form of the Chicago Police Department, to brush those nuisances away.

The thing is, mosquitoes may indeed be nuisances to you and me, but their bites remain with us for days and days. Sometimes the bites even interfere with our sleep.

Somehow, though, I don’t feel the ALEC archvillains are going to lose any sleep over the buzzing on East Monroe Street. They don’t seem to lose sleep over anything much.

Here are some citizen vids of the protests and arrests:

Meanwhile, corporate media hasn’t yet received the phone call alerting them to the protests. Golly gee, I wonder why!

BTW: If you’re interested in learning whether or not your elected representatives in the statehouse or in Congress are bought and paid for by ALEC, dig the interactive map here.

Now, turn off your TV and let’s do something about these slobs.

The Washington Slurs

In brighter news, Slate, the neo-lib online mag that’s usually as loath to making waves as a man standing up in a canoe, has decided, editorially, it shall never allow the moniker Washington Redskins to sully its portal again.

Redskins Logo

Vintage Washington Logo

Cool. Even though Washington NFL team owner Daniel Snyder thus far has stood on his head to insist he’ll never, ever, ever change its nickname no matter how many Indian groups or sympathizers raise a stink, it’s only a matter of time before the Redskins logo hits the dustbin. And none too soon, I may add.

Then again, the NFL and its devolved fan base really don’t care about trivialities like crippling leg injuries, scrambled brain syndromes, and the families of degenerate gamblers, so why would they care a whit about insulting a Holocausted people?

Redskins Cheerleader

Slurring Two Groups With One Stone

Ah, forget it: The Redskins they shall ever be. That doesn’t mean we have to say the word, does it?

Your Daily Hot Air

Bennett Left His Soul In Indiana

Let’s not get all turned around by the revelation of what a pig Tony Bennett was here in Indiana.

AP Photo

Busted

Forget him. We have to focus on the real evil here and that’s the whole concept of schools for profit. It’s as eff-u’d as health care for profit, and we know how well that‘s working out for us in this holy land.

So, we know Bennett took a powder on his new job as barn boss of the Florida state school systems yesterday in light of breaking news that he’d jiggered a school’s efficiency rating here while he was the Indiana Superintendent of Public Instruction. Turns out the woman who runs that school was a big time donor to Bennett and the Republican Party.

It doesn’t take a Superintendent of Public Instruction to calculate two plus two equal four.

Fine, Bennett’s paying the price now, having to give up his comfy job as penance. But we’re all stuck with charter schools. Who pays the penance for that?

My guess? Taxpayers and kids.

Some 71 charter schools are operating in Indiana, according to the state’s Department of Education. That includes the Christel House Academy, owned by GOP idolator Christel DeHaan. She made her fortune by starting a time share business with her husband, buying out his half of the business in 1989 after their divorce, and then selling the company for a cool $825 million in 1996. She opened her Indianapolis charter school in time for the 2002-03 school year.

DeHaan

DeHaan: An A+ Contributor

Christel House Indianapolis was graded C in 2012 by INDOE, even though Bennett had been running around telling anybody who’d listen that the school was an A institution. This just wouldn’t do, considering DeHaan had contributed $130,000 to Bennett’s political campaigns in 2008 and 2012.

Voila, the Christel House C became an A.

Money, natch, is magic.

And money is what drives many charter schools.

Not all charter schools are for-profit enterprises. Quite a few have popped up as alternative educational institutions where children can learn that the world is 6000 years old and that god doesn’t like Muslims.

No question our public schools need work. Many school systems are management top-heavy, have crushing bureaucracies, and reward too many teachers simply for being alive. Let’s work on those problems.

Let’s not turn the education of our kids over to profiteers and religious fanatics.

Absolutely Fabulous

At long last, some son of a bitch is going to jail for his part in the shell game that was collateralized debt obligations.

Or, as I like to characterize those intentionally byzantine financial instruments, legal larceny.

CDOs, credit default swaps, and other sleight-of-hand schemes developed by “creative” financiers set us up for the the Great Recession of 2007-08. And, no doubt, these same Wall Street shamans are working overtime to create another economic bubble. They’ll make their piles of cash upon which they’ll fall when the global economy tanks again while the rest of us hit nothing but concrete. Splat.

IBTimes UK Photo

Fabulous Fabrice

Anyway, it’s nice to see former Goldman Sachs trader Fabrice Tourre get slapped with a guilty verdict in his federal fraud trial yesterday. “Fabulous Fab,” as he liked to call himself, sold a phony bill of goods to his investor clients, telling them a credit derivative plan he’d conjured up was a good risk, even though he knew it wasn’t. Financial organs like Wall Street Journal and Bloomberg are trying to position this case as an outlier, that Fab Fab was a rogue.

They even assume the Who Me? stance that his sales spiel was rife with dense industry jargon that even they couldn’t penetrate. His patter was so dizzying, they imply, that investors were left only to understand two words out of his mouth: Trust me.

Problem is, Fab Fab wasn’t an outlier. He was normal. Goldman Sachs and other agents of Satan were stuffed to the gills with shysters like him. And WSJ and Bloomberg slobbered all over those slobs when they were making huge fees and bonuses back in the 1980s, ’90s, and ‘Aughts. The collective motto of reprobates like Lloyd Blankfein and Jamie Dimon was Trust Us.

I recommend Michael Lewis’s book Liar’s Poker as a primer if you’re interested in starting to learn about the fraud economy that sprang out of Saint Ronald Reagan’s deregulation heaven. And, by the way, don’t get me wrong, Saint Ronnie and the Republicans aren’t the only villains in the Wall Street Wild West mess we’ve found ourselves in. Dems from Jimmy Carter to Bill Clinton to Barack Obama sold their souls to the devil, trading in deregulation and a wink-wink attitude toward the banksters’ excesses for a share of the campaign cash support that the GOP had monopolized for decades.

Book Cover

Lewis penned his tome in hopes young folk would begin to shy away from business schools, reversing the trend of the late 20th Century wherein those university biz factories were churning out millions of grads eager only to make a killing. Funny thing is, his book had the opposite effect.

Lewis wrote in Portfolio magazine in 2008:

I had no great agenda, apart from telling what I took to be a remarkable tale, but if you got a few drinks in me and then asked what effect I thought my book would have on the world, I might have said something like, “I hope that college students trying to figure out what to do with their lives will read it and decide that itʼs silly to phony it up and abandon their passions to become financiers.” I hoped that some bright kid at, say, Ohio State University who really wanted to be an oceanographer would read my book, spurn the offer from Morgan Stanley, and set out to sea.

Somehow that message failed to come across. Six months after Liarʼs Poker was
published, I was knee-deep in letters from students at Ohio State who wanted to know if
I had any other secrets to share about Wall Street. Theyʼd read my book as a how-to
manual.

So yeah, I’m glad Fabulous Fabrice took the rap yesterday. I hope he looks fabulous in prison orange. But I won’t be totally happy until more and more greedy biz school grads, Ayn Rand-ists, and investment bank con men are wearing the same color.

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