This is the end game of the current reform movement: financializing public spending on education.
Education is now seen as an emerging market, ripe for the picking.
Time to get in on the ground floor.
You don’t need to know anything about education.
What an opportunity!
Warning to your readers – this will make you vomit.
If you scroll down this ad, you will read, “What are some of the main challenges that PE investors are facing in the education sector?”
The answer: Teachers
Thus, we must silence them.
Readers of this blog will also be unsurprised to see that a TFA executive is represented among the judges for the business plan competition for educational entrepreneurship. In other words, TFA is up to its neck in the project to monetize kids and education.
Typo in your title!
Thank you for catching the typo. I work alone, without a secretary or a research assistant, and I am grateful when readers spot my errors and typos.
No problem!
Here is another nice one that I picked off of “Schools Matter” blog. First, a blurb:
“The new report was developed by the Parthenon consulting group, a Boston-based global management firm that identifies investment opportunities in education. Last summer, Parthenon executive Rob Lytle made a presentation on “private equity investing in for-profit education companies” to an elite group of investors in NYC. He told them the coming implementation of the common core standards and assessments would create a lucrative opportunity: “Think about the upcoming rollout of new national academic standards for public schools, he urged the crowd. If they’re as rigorous as advertised, a huge number of schools will suddenly look really bad, their students testing way behind in reading and math. They’ll want help, quick. And private, for-profit vendors selling lesson plans, educational software and student assessments will be right there to provide it. You start to see entire ecosystems of investment opportunity lining up…It could get really, really big.”
Here’s the link:
http://www.schoolsmatter.info/2012/12/with-common-core-you-start-to-see.html
Anybody not think that corporations control government? Is not the government making laws to create opportunities for profit in education?
Also read, “Non-Profits Are Very Profitable.” Google it.
Bill Gates has already invested a lot of money in education reform. If you did not know, he sells software.
I read years ago that Bill makes 36 million a day. Is there no end to greed?
No matter what they are talking about, they are talking about money.
In Gates’ case, no, there is no end to his greed, veiled though it may be by his foundation.
Twenty years ago, during Microsoft’s heyday, an author writing a book about the company sat in on a meeting where Gates was present. In reference to some publishers they were looking to undermine, Gates spoke disparagingly about them as having “finite greed.”
That’s clearly a “shortcoming” that Bill Gates does not possess.
Wow, what a term “finite greed”. Yeah, ol Billy the Goates doesn’t have that virtue, his is “infinite avariciousness”. (oops I think I may have misspelled his last name-someone check it for me, thanks!)
Actually, I see it as a new profit center. K-12 general fund in the U.S. is somewhere around $7-800 billion/year without the school bond construction funds. Concerning the bonds in California alone they have written to 200 school districts or about 20% bonds which do not start to be paid off for 20 years. When this happens instead of the normal pay off of about 2-1 for when you begin payment when you write the bonds it now becomes an average of (10-12)-1 and in one school district it is 16.5-1 to pay them off. These districts are financially dead for the next 40-50 years.
In education all you have to say is “For the Children” and the treasure chest opens up.
“I’m a reformer and you get what you want if it is for privatization and/or corporatization not if you want “Real Accountability.” Think about it the wars are going away, for now anyway, and that free money is drying up and we need more profit centers. Well, schools are kool as they are easy to deal with. They are a lot easier to deal with than the DOD process and all those looking at you. In education now you are a “Reformer.” It is all so “Orwellian.”
Yep. Our education system has been in decline for the last 50 years. need to do something rather than continuing the same.
Terry, Your opinions are wrong.
Our education system is not in decline.
Graduation rates are at their highest point ever.
Test scores on the federal tests are the highest ever.
You really should learn more before you opine.
No need for him/her to learn, his/her job involves spewing the reformista’s talking points.
Some brighter news, the Portland Press Herald seems to be cluing into the idea that charters really are about destroying public education, after another of Governor LePage’s “Captain Queeq” outbursts.