Private Equity Asset-Stripping Strategy Meets Charter Schools to Produce Even Better LootingQuicklink submitted By Susan Lee Schwartz Permalink
"How long will this theft of public property be allowed to continue?" This article explains the financial shenanigans of unscrupulous charter operators. Unjustifiably large portions of charter fees go to unproductive rental payments and financing fees, as opposed to education, and to taxpayers, who over time face inflated costs to fund profiteering masquerading as education. These practices have been perfected by for-profit charter corporations, but faux-nonprofits do it too. "The nub of the looting strategy is the acquisition and leaseback of lavish buildings to house charter schools. Because charters are correctly perceived to be risky tenants, bond financings for these purchases are at junk bond rates, with financing costs heaped on top of what are unjustifiably high rental charges, by virtue of putting schools in educationally unproductive glamorous digs."
|The Trump administration's most prominent Jews disgrace themselves By Dana Milbank (Quicklink) (# of views)||08/20/2017|
|Stop Treating 70- and 90-Year-Olds the Same (Quicklink) (# of views)||08/13/2017|
|Scott Pruitt Is Carrying Out His E.P.A. Agenda in Secret, Critics Say - The New York Times (Quicklink) (# of views)||08/12/2017|
|View All 298 Articles in "DON'T MISS THIS!"|
|Florida: Charter School Closes, Leaving Behind Academic Failure and Mountains of Debt by Diane Ravitch (Quicklink) (# of views)||08/12/2017|
|How Charter Schools Buy Political Support by AlanSinger (Quicklink) (# of views)||08/10/2017|
|The NAACP Tells It As It Is; by Anne Cronin (Quicklink) (# of views)||08/05/2017|
|View All 137 Articles in "CHARTER Schools --the school CHOICE fraud and chaos"|
|Teachers: Are Your Pension Funds Invested with Dan Loeb? by Diane Ravitch (Quicklink) (# of views)||08/19/2017|
|When the President Is Un-American - by Paul Krugman (Quicklink) (# of views)||08/14/2017|
|Cleveland Presses State of Ohio to End Shoddy Oversight, by Jan Resseger (Quicklink) (# of views)||08/12/2017|
|View All 403 Articles in "Charlatans & Liars"|
Other Series: View All 454 Articles in "Access: the POWER of MONEY"
Other Series: View All 390 Articles in "lies & propaganda:: the rant"