K12 Education - Is Going Broke
Now Happening in America:
The 67 Billion Dollar Con, Heist, and Theft
engineered by Arne Duncun and the eCONomists "policy".
WARNING: DON'T SAY YOU WEREN'T TOLD!!
THE PUBLIC SCHOOL SYSTEM IS GOING BANKRUPT.
THE PLAN IS TO KILL PUBLIC EDUCATION
RIGHT UNDER THE NOSE OF THE UNION.
Arne Duncun former CEO of Chicago is acting exactly like Enron: The Smartest Guys in the Room which shows a serious lesson in the potential trappings of dishonesty and unethical behavior dogging corporate America.
Public Education, Unions, Private Schools, Special Ed, Virtual Schools, Charter Schools, etc. are all very good ideas and all have their place. But they no matter how good ideas are - it's the people, corrupt people who make the "great idea" stink!
Capitalism is still the best idea until you have corrupt people gaming the system, getting around it with loopholes and buying people off politicians who help them get away with it.
ONCE UPON A TIME
This Is What Happened with the Department of Education.
Pre school to University was on a mission is to make the country strong by producing an educated citizenry - for the good of the nation - for the commons - and our commonwealth - the common good.
Democrats and teachers have it right because they think schools, especially those without strong local tax support, need more federal money.
Remember the Teacher Shortage?
Do you expect people to want to teach after they've have to endure the beatings they are getting in the press and the "Freedom Party"?
Guess how you treat teachers doesn't matter.
Especially when you can have one of these.
Don't think I can make one with a 3-d printer for $1,500.oo
but maybe America can get a geminoid to teach a 9th grader!
Politics + Policy = POLITICKSY =
Diane Ravitch Education Historian 2010 admits The Bush / Obama education reform plan is Bad Education Policy. Today there is empirical evidence, and it shows clearly that choice, competition and accountability as education reform levers are not working. Most studies have found that charters, on average, are no better than public schools. If our goal is to destroy public education in America, this is precisely the right path.
Conservatives love K12 Common Core Standards which will Bankrupt Education and will break the public school system, most of all Conservatives want federal money in their own private pockets.
Conservative Geed wants to privatize the public schools. Schools are a business.
PUBLIC SCHOOLS ARE REQUIRED TO teach all students. The expensive students like the crippled, retarded, emotionally troubled, mentally ill, and all the rest who have academic problems. These students will be the only ones left in the public school.
PRIVATEERS ARE UNREGULATED!
Those kind of students are not their problem. These "virtual, charter, online," businesses don't have to accept those children or educate those students.Only the state has to provide an education for these children.
WHAT MONEY WILL BE LEFT IN YOUR DISCTRICT TO RUN YOUR PUBLIC SCHOOL OR SPECIAL SCHOOL?
The "tea party" movement want to abolish the Department of Education altogether.
Business Conservatives aka PRIVATEERS want the public money for their private pockets. The future will see a reduction in the federal role, but huge amounts of federal tax dollars doled out to privateers for their businesses aka "charter schools".
Schools are a business - make no mistake - a corporation focused on delivering " product" to "consumers" with measurable deliverables. Education has nothing to do with this.
Politics + Policy
yes those blood suckers
Trouble in River City . . .
Enter the Corporation: Business governed by Corporate Greed with no federal oversight.
C'mon Sheeple ... WAKE UP!
Bottom Line: No one in the media blew the whistle on "Derivatives" Not One Leader - told us America was going over a cliff into a depression, and there has been NO LEADER - NOT ONE - has stepped forward and announced we are going to loose the public school system.
NOT ONE LEADER IN OUR GOVERNMENT IS TELLING US THAT THE PUBLIC SCHOOL SYSTEM IS GOING BANKRUPT AND THAT OUR NATION WILL LOSE PUBLIC EDUCATION.
It's so simple and obvious - This is exactly why you need weakileaks cause no one does their job. Government cares about controlling media so they can control their secrets. That's why they deregulated it. Now they only have 2 phone calls to make to stop a story instead of 60 phone calls like they had to do in the 1960's.
I haven't found a subject scholar, an independent scholar or "journalist" whose investigated and connected the dots and made it simple to understand. "Derivatives" was explainable - someone could have told us it was just a total fraud. Every journalist finally told us after they HAD too.
There aren't two sides to this story- there is only 1 - What is Correct.
There is truth which is correct - and then there is the con - a made up story for the uneducated sheeple which includes the journalists.
CONNECT THE DOTS
JUST GIVE ME
PRIVATEERS ARE STEALING 67 BILLION FEDERAL TAX DOLLARS AWAY FROM THE PUBLIC
67 BILLION - IS THERE FOR THE TAKING
THERE IS NO LIMIT - NO OVERSIGHT AND NO REGULATION
MY TAXES AND YOUR TAXES ARE GETTING STOLEN
FOLLOW THE MONEY - CONNECT THE DOTS FOR YOURSELF
Charter "SCHOOLS" Virtual "SCHOOLS"
ARE NOW A PRIVATE FOR PROFIT BUSINESS
OWNED BY THE ANNOINTED AND APPOINTED.
This is black and white, like math, it's correct or it isn't. Just give me the facts, in succinct plain english without corrupting the simple truth with the "agenda" of having to show "both sides".
King Makers: The Federal Department of Education: The Anointed and Appointed Presidential Appointments are able to set up their private business ventures. No one elects them.
Bush illegally mismanaged billions on the Reading First and Voyager Expanded Program owned by President Bush's brother Neil Bush who is a Fraud
THE MONEY WARS
$4 BILLION turnaround program
BUSINESS FACTORY CONDITIONS APPLY
The obvious problem with turnarounds at the pace set by Secretary of Education Arne Duncan is the lack of specialists and teachers equipped to do the work. Fast or slow they don't want anyone to "turn around" schools. They want to put public schools out of business.
HOW TO KILL THE PUBLIC SCHOOL SYSTEM
National Education Policy Center (NEPC)
finds the research that formed the basis for teacher rankings in The Los Angeles Times was "demonstrably inadequate" to support them. Finding that a value-added model yields different outcomes for different teachers does not indicate whether those outcomes measure what is important (teacher effectiveness) or something else, such as whether students benefit from other learning resources outside of school, according to NEPC researchers. They therefore investigated whether, using The Times' model, a student's future teacher would appear to affect a student's test performance in the past -- logically impossible. They found strong evidence of these illogical results, especially for reading outcomes. Next, they developed an alternative value-added model. In addition to the variables used in The Times' approach, they controlled for a longer history of a student's test performance, peer influence, and school-level factors. For reading outcomes, more than half (53.6 percent) of the teachers had a different effectiveness rating under the alternative model. Among those who changed effectiveness ratings, some moved only moderately, but 8.1 percent of those teachers identified as effective under the alternative model were identified as ineffective in The Times model, and 12.6 percent of those identified as ineffective under the alternative model were identified as effective by The Times model. The researchers found similar fluctuations in math, as well as significant and meaningful associations between value-added estimates of teachers' effectiveness and their experience and educational background, which is contrary to The Times' reporting.
See Report See Related
Anatomy of Mayor Michael Bloomberg's - Cathleen Black Appointment
Schools Chancellor Cathleen Black's appointment perpetuates a battle that the mayor and others have been waging with the public-school Establishment framework, "public schools are dominated by self-interested unions, desperately in need of free-market shock treatment. If only enlightened capitalists could wrest control of the schools from the hidebound, unionized teachers, the schools' problems could be solved." Smith points out this is a popular idea among the business elite in no small part because it flatters their self-image. The new chancellor conferences and socializes with many of the hedge-funders who underwrite the city's charters -- one of her roles is to continue this dynamic. But Smith feels this is secondary to why the mayor really hired Ms. Black. Her predecessor Joel Klein was New York's school-reform visionary. But what Bloomberg doesn't want, this time around, is big ideas. What the mayor wants is someone to sell his ideas.
HERE'S YOUR REAGAN TRICKLE DOWN THEORY
K-12 education has experienced $18 billion in reductions in California. So what is happening to your State which will "trickle down" and affect your perfectly wonderful little school district?
Hey Wisconsin - Does your school district have a loss of approximately $12 million or 16% of your total budget since 2007-2008.
HAVE YOUR TAXES GONE DOWN BY THAT MUCH?
In Wisconsin in 1 little school district
Approved LOSS TO KIDS for the 2011-2012 school year.
For a full list of the 2011-2012 reductions, please visit the District's website at www.sanleandro.k12.ca.us.
School is now synonymous with with word "business" they are interchangeable.
GET READY TO BE FIRED
The district will go through a layoff process. Did your School Board have to cut out everything great happening in schools? or did teachers get fired or a pay cut or other employee groups forced to make sacrifices and concessions in recent years?
Are the unions able to keep the workers employed so that they can continue to pay taxes and have a life or have the privateers stolen your money out of the public school system where you live -- and now it's going to k12.com or some other "charter" BUSINESS?
- increases in K-3 class size from 28 to 32;
- loss of middle school counselors,
- loss one period of music, art, or PE at the elementary schools,
- loss of library para-educators at elementary,
- reductions to instrumental music at elementary,
- loss of custodians,
- loss of campus supervisors, etc.
- Loss of middle school counselors, loss one period of music, art, or PE at the elementary ...
UNREGULATED CAPITALIST GREED
ONCE UPON A TIME . . .
You used to be able to look at a country and understand it's values by looking at the great public institutions they revered. These buildings used to display what the people of that country honored, revered and valued.
[Examples] Your City and State Library, A University and Your Gov't Capitol Buildings
The University was revered because it was there to imbue our future leaders with the correct education that would guide them when leading a country and it's citizens into the future. The university is no longer about anything like that, but just another a corporation, all about making money. This is why they are so expensive managed by CEO's who have Wall Street Salaries.
The reason for going to an ivy league college - isn't for the education - but the contacts you make there. You are paying to play. You don't need to be smart to make money you just need the right connections willing to do business with you. All the really rich players pay to send their kids through the ivy leagues to make their connections solid and it goes down the line to the next generation.
You really don't think George Bush, Jeb Bush, and especially Neil Bush scored 1600 on their SAT's, or have really high IQ's, or excelled at any sport that made the ivy league try to recruit them do you?
You don't think these nit wits got into their positions because of merit? If you do, then please pass me the koolaid you're drinking. Yum . . . Delicious . . .
So how do you think people like this get into Yale or the other Ivy's?
Let's play whose Your Daddy?
or in their case
Is Your Grand Daddy Prescott Bush?
Prescott helped IBM and the Nazi trains run on time and hide money in Switzerland. It stopped only when the US government seized assets of Bush-connected companies in late 1942 under the “Trading with the Enemy Act.”
# Yale University has historically had links to the intelligence community, detailed thoroughly by Robin Winks expert on theory and development of espionage in his book Cloak and Gown: Scholars in the Secret War 1939-1961
Yale Law School The Supreme Court and Corporations Connect.
"Incomprehensible jargon is the hallmark of a profession." -- Kingman Brewster (1919-1988), diplomat and president of Yale University
politics + policy
[ Think e CON omists ]
Politics + Policy =Politicksy
those stinkin' blood suckers.
Steve Eisman blasted the Schools for Profit Education Industry likening these companies to the seamy mortgage brokers who peddled explosive subprime loans over the past two decades. How do they stay in business? Eisman asserted, has much to do with accreditation.
There are two main tiers of college accreditation: national and regional - the latter being the more valuable. (Big schools like Yale and the University of Michigan are regionally accredited.) "Subprime Goes to College" Despite being less than 10% of total enrollments, for-profits now claim nearly 25% of the $89 BILLION of Federal Title IV student loans and grant disbursements.
JUST HOW OUT OF CONTROL AND DISGUSTING IS THIS?
NOW WE HAVE AN UNREGULATED
WOULD YOU WANT A CARPENTER WITH A "DEGREE IN CARPENTRY" FROM A PLACE LIKE THIS TO WORK IN YOUR HOME?
WHO ACCREDITED THIS?
WHAT CARPENTER UNION ACCREDITED THIS?
Education 2020 Enters Into Agreement with Penn Foster Education Group for Advanced Placement and Career Elective Courses
SCOTTSDALE, Ariz., Jan. 31, 2011 /PRNewswire/ -- Education 2020 (e2020, Inc.), a national leader in online virtual education solutions, today announced a new agreement with Penn Foster Education Group. The agreement provides Education 2020 the right to offer Penn Foster Advanced Placement and Career Elective Courses to the K12 market. Penn Foster is a subsidiary of The Princeton Review, Inc. (Nasdaq: REVU). These one and two semester courses add to the comprehensive offerings developed by Education 2020 and provide public and private schools an expanded offering of online core, advanced placement, and elective subjects designed to meet individual student needs.
The fifteen College Board approved advanced placement courses include key subject offerings: Art History, Biology, Calculus AB, Chemistry, English Language & Composition, English Literature & Composition, European History, Human Geography, Micro Economics, Psychology, Spanish Language, Statistics, U.S. Government and Politics, U.S. History, and World History. The 29 Career Electives, designed to allow students the opportunity to explore a variety of career options, include: Automotive Engine Theory, Bookkeeping 1 & 2, Business Software Apps 1, Computer Art, Computing for College and Careers, Construction Theory, Dental Assisting Theory 1 & 2, Digital Design, Electricity 1, Electronics Tech 1 & 2, Food Preparation Theory, Health Science 1, HVAC Theory, Intro to Interior Decorating, Intro to Paralegal Practice, Personal Training Theory 1 & 2, Pharmacy Assisting 1 & 2, Plumbing Theory, Travel Agency Ops 1 & 2, Vet Assisting 1, 2 & 3, and Web Design 1.
"We are pleased to have reached a mutually beneficial agreement with Penn Foster Education Group," said Michael Humphrey, President of e2020, Inc. "It is evident that the additional resources provided will allow the company to maximize its growth potential while maintaining its core principle of providing comprehensive, rigorous curriculum." "The addition of these courses to the comprehensive middle and secondary course offerings developed by Education 2020 allows us to further meet the college and career readiness needs of today's students," added Gene Storz, co-founder and Chief Executive Officer of e2020, Inc. Education 2020 has developed over 600 combined core credit, state-based, and tutoring courses with implementations in 6 of the top 15 largest school districts in the nation.
"Education 2020 shares our fundamental mission that every student be fully prepared for careers and postsecondary education," stated Don Kidd, General Manager of Educational Partnerships, Penn Foster Education Group. "They were the right partner to ensure that our mission and dedication to student success in partnership with schools was carried forward. We also think that this is a great fit because of the experienced management and sales teams that e2020 brings to the partnership." The agreement demonstrates both companies' commitment to providing public and private schools with the widest selection of standards-based comprehensive course offerings. Penn Foster is nationally accredited by the Accrediting Commission of the Distance Education and Training Council (DETC), an accrediting agency recognized by the U.S. Department of Education.
SEEMS LIKE ANYONE CAN GET ON THE DETC
Penn Foster Career School and High School are also regionally accredited by the Commission on Secondary Schools of the Middle States Association of Colleges and Schools. Penn Foster Career School and High School are licensed by the Pennsylvania State Board of Private Licensed Schools. Penn Foster is registered with the NCAA Initial-Eligibility Clearinghouse.
About Education 2020
Education 2020 (e2020, Inc.) is a leading provider of core and elective instruction in a virtual school setting for students in grades 6-12. The Company provides innovative, rigorous, standards-aligned courseware to help students recover and accrue credits for graduation and prepare for state, end-of-course, and standardized exams. With our web-based model, teacher-led video delivery, and innovative instructional approach, Education 2020 offers the most engaging and individualized instruction of any virtual online solution available to public and private schools for use in traditional classrooms, blended school or online programs. Education 2020 has implementations in 40 states with over 600 school districts and 1,600 + schools served. Last year the Company provided courses for more than 250,000 students. Founded in 1998, e2020 is trusted by school districts across the United States. For more information, visit www.education2020.com or call 877.2020.EDU.
About The Princeton Review
The Princeton Review (Nasdaq: REVU) has been a pioneer and leader in helping students achieve their higher education goals for more than 25 years through college and graduate school test preparation and private tutoring. With more than 165 print and digital publications and a free website, www.PrincetonReview.com, the Company provides students and their parents with the resources to research, apply to, prepare for, and learn how to pay for higher education. The Princeton Review partners with schools and guidance counselors throughout the U.S. to assist in college readiness, test preparation, and career planning services by helping more students pursue postsecondary education. The Company also owns and operates Penn Foster Education Group, a global leader in online education. Penn Foster provides accredited career-focused degree and vocational programs in the fields of allied health, business, technology, education, and select trades. Nationally and regionally accredited Penn Foster High School and Penn Foster Career School (www.pennfoster.edu) are headquartered in Scranton, PA.
Media Contact: Lynette McVay Director of Marketing, Communications, and Funding e2020, Inc.
877.2020.EDU x1022 firstname.lastname@example.org
Education 2020 RELATED LINKS
Education 2020 Enters Into Agreement with Penn Foster Education Group for ...
How can you become a carpenter in front of a computer screen?
Accrediting Commission of the Distance Education and Training Council (DETC)
Regionally accredited by the Commission on Secondary Schools of the Middle States Association of Colleges and Schools.
Licensed by the Pennsylvania State Board of Private Licensed Schools
Penn Foster is registered with the NCAA Initial-Eligibility Clearinghouse.
News Watch via COMTEX) -- Below are the five companies in the Education Services industry with the highest Enterprise Value (EV) to EBITDA ratios. EV/EBITDA is an important metric used in valuing comparable companies. It is capital structure neutral and generally the lower the ratio, the more undervalued the company is believed to be.
K12 (NYSE:LRN) has the highest with EV/EBITDA of 14.62x; American Public Education (NASDAQ:APEI) is next with EV/EBITDA of 10.61x; and Princeton Review (NASDAQ:REVU) has the next highest with EV/EBITDA of 10.49x.
$$$ Keith Haas, SVP, Finance and Investor Relations 703-483-7077 email@example.com
k12 AdvancED accreditation - Over whelming presence of Religious and Business People. Again, anybody can get on this board.
Grand Canyon Education (NASDAQ:LOPE) follows with EV/EBITDA of 8.88x and Nobel Learning Communities (NASDAQ:NLCI) rounds out the group with EV/EBITDA of 8.06x.
SmarTrend currently has shares of Nobel Learning Communities in an Uptrend and issued the Uptrend alert on December 17, 2010 at $7.11. The stock has risen 26.7% since the Uptrend alert was issued.