Hedge Fund Titans Hum a Happy Tune as They Target Public Schools

[Uncle Joe]

What had the hedgies so happy? The rest of us found out the next day. In 2013, the trade journal Alpha revealed, the hedge fund industry’s top 25 earners collected $21.15 billion, a whopping 50 percent over their total the year before.

A hedge fund manager in 2013 needed to take in $300 million just to make the top 25. Ten years ago, in 2004, an aspiring hedge fund kingpin only had to grab $30 million to enter the industry’s top 25 elite.

(snip)

Plenty of research reinforces this perspective. One survey of recent studies, released last week, sees a charter school landscape full of “bad education, ridiculous hype, wasted resources and widespread corruption.”

Also in that landscape: plenty of high-return investment opportunities for hedge fund managers. A federal tax break known as the “New Markets” tax credit lets hedge funds that invest in charters double their money in seven years. Charters have become, notes one education analyst, “just another investor playground for easy money passed from taxpayers to the wealthy.”


http://billmoyers.com/2014/05/15/hedge-fund-titans-hum-a-happy-tune-as-they-target-public-schools/

There is more on the link.

[Turbineguy]

1. As my first stockbroker told me:

"the way to succeed in the markets is to take money out!"

That would make it "other people's" money.

Even back in the '70s people went to school to get degrees in how to collapse the economy.

[msongs]

2. it's the golden age, nobody fears prison or regulation or interference of any kind nt

[appalachiablue]

3. K & R. 21st century profiteers, hedge fund plunderers, Arne Duncan and no cops insight.

Financial extraction of resources, complete. No wonder this country is declining so fast.
Thank God for Bill Moyers and the great work he does.

Time for Big Change. Go Bernie 2016! Bern Baby Bern!


~ If there must be trouble, let it be in my day, that my children may have peace. ~ Thomas Paine.

[yurbud]

4. and teachers and public school students left with NO major party to defend them

K-12 and colleges will be starved of funds unless the money can be redirected to making the rich richer.

[Dont call me Shirley]

5. Pearson educational program is a sorry joke. Glad your making big $$$ at my child's expense

assholes.

[Judi Lynn]

6. Kicking. Thank you. n/t