Thursday, July 28, 2011

Hedge Fund Industry's Deep Throat Reveals "Real Deal" on Charters!

Peter Murphy slaps an idiotic story in The Amsterdam News about how hedge funds are supposedly making millions off of charter schools – HA!  Now THAT'S funny!

 

If this article is indicative of the Amsterdam News, that publication really has fallen off a Washington Heights cliff. The falsehoods and cheapness of this story leaves me tempted to ignore it altogether except that such recurring mythology and fabrications finding their way to a once-serious media outlet demand a response with a mixture of ridicule.

In sum, the Amsterdam News, Mr. Barker, and his editor (when he or she returns) take note: charter schools are public schools, not "for-profit enterprises;" they get less funding per pupil than district students, as even the flawed IBO report cited by the article documented; and most charters in the city are in district space as a way to equalize the resources since charters do not get facilities funding. Oh, in case anyone forgot, charter schools serve students from all over the city, including thousands residing in Harlem, Flatbush, south Bronx, and dozens more low-income, heavily minority areas.

If any hedge funds are "making tremendous profits off charter schools," I would sure like to know which ones so I can tell all my friends to hop aboard this make-believe gravy train. In reality, the article's hedge fund claims are complete fiction as evidenced by the absence of any substantive back-up in the story, plain common sense, and the facts of how charter school finances really work.

Such a bogus story like this one on charter schools is both comical and pathetic; yet, sadly, many will read this nonsense and accept it as truth rather than farce. The resulting misinformation emanating from the Amsterdam News only increases polarization in the community over charter schools and serves no positive purpose - starting with the truth.


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Thursday, June 30, 2011

http://blog.nycsa.org/2011/06/hedge-fund-industrys-deep-throat.html
Hedge Fund Industry's Deep Throat Reveals "Real Deal" on Charters!


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