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Charter schools in the US: Wall Street's education model By Nancy Hanover 11 July 2011 Last month a new for-profit investment fund was created, the first of its kind, to finance the construction of charter schools across the United States. Jointly managed by Canyon Capital Realty Advisors ($20 billion in assets) and Agassi Ventures, LLC, owned by Andre Agassi, it plans to buy up undervalued urban land and jumpstart the construction of 75 new charter schools.[1] The Canyon-Agassi Charter School Fund announcement states, "The fund will provide investors with current income and capital appreciation by responding to the growing demand for quality charter school facilities in the nation's burgeoning urban centers and by capturing the opportunities arising out of the current dislocation in the real estate market." In other words, it will buy inner-city land cheaply, develop it and then sell the facilities to charter operations. The firm expects to raise $300 million in equity and invest up to $750 million."

"Nor have charters been the answer. Charter school students score about the same on state tests as Detroit district students, even though charters have fewer special education students (8 percent versus 17 percent in the district) and fewer poor children (65 percent get subsidized lunches versus 82 percent at district schools). It's hard to know whether children are better off under these "reforms" or they're just being moved around more."

"Are charters really doing a better job educating the city's public school students than the traditional public schools? That was the question of the week, after state test scores came out on Tuesday showing not only far greater proficiency in English and math by third through eighth graders who attend the city's charters, but also far more improvement this year."

Juan Goonzalez on the connections between charters and Wall Street

"The Education of Jose Pedraza: Why Fixing Schools Isn't Simple Math Jose Pedraza (center) stands with his parents in the front yard of their East L.A. home. All photos by Jorge Rivas by Julianne Hing ShareThis | Print | Comment (6) Tuesday, May 10 2011, 10:02 AM EST Tags: education reform, los angeles 248Share video_thumb_education_50911.jpg infographic_thumb_education_50911.jpg Watch Julianne Hing's reporter's notebook video of her time with Jose Pedraza's family. Last year in East LA, Jose Pedraza was struggling mightily in his classes and drifting listlessly through his days. It was worrying enough to his teachers at Oscar De La Hoya Animo Charter School, where he was then a junior, that the principal called his mother Pascuala Jaramillo and asked for an urgent meeting. Jaramillo, a seasoned education activist who had organized other parents and made it a point to get to know her kids' teachers, grabbed what she calls her "bible" and ran straight to the school. It's actually not a holy book, but rather a binder of her kids' education documents and information about her own parental rights-"everything I need to defend myself," she explains. Her years of organizing other parents taught her that teachers and administrators are often too burdened by their work to be effective advocates for their students. She went ready to fight, if she had to. "When I got to the school, I got notes telling me that my son wasn't really working," Jaramillo says. "The principal said, 'His body is here, but his brain is not in the room.' " Jaramillo immediately understood what was going on. She told the principal what their family had been dealing with at home. Her husband, Guadalupe Pedraza, had been abruptly laid off from his maintenance job recently. After 12 years working there, he was told on a Wednesday that his last day would be that Friday. Jose took it hard. He had always been a quiet kid, but he started pulling away from his par

space promised fo new public school in Washington heights started by Central Park East Principal Julie Zuckerman yanked at last minute and given to KIPP

Site for people looking for "great schools near apartments you can afford." Interesting to think about who the "you " is in this sentence. Search function includes "Nearest Starbucks"....

I've spent a large part of my adult life criticizing the flawed institutions and policies of public education as a teacher, an education activist, and a policy advocate. But these days I find myself spending a lot of time defending the very idea of public education against those who say, sometimes literally, it should be blown up. Because the increasingly polarized national debate around education policy is not just about whether teachers feel the sting of public criticism or whether school budgets suffer another round of budget cuts in a society that has its priorities seriously upside down.