Saturday, October 07, 2006

Bush Promotes Sibling Ventures to Cash In

As The Decider hopped on the presidential whirly-bird today for a family outing to christen an aircraft carrier named after his father, he made sure that no photograph of him could be taken without a clear shot of his sister's new book, "My Father, My President." Whether or not sister Dora's new book will challenge today's No. 1 bestseller about the current President, State of Denial, only time will tell. I am sure The Decider will do what he can to help, just as he and Gramma Bush have done for son/bro, Neil, who is sure to pocket a few million of NCLB funds in his education venture, Ignite, Inc.

SM had this story in March on Neily's company and its investors in United Arab Emirates. Neil is hawking a computer-on-wheels to schools that he calls the COW (Curriculum on Wheels). Cute, huh?

Now Business Week has picked up the story. Here is a taste:

No Bush Left Behind
The President's brother Neil is making hay from school reform


Across the country, some teachers complain that President George W. Bush's makeover of public education promotes "teaching to the test." The President's younger brother Neil takes a different tack: He's selling to the test. The No Child Left Behind Act compels schools to prove students' mastery of certain facts by means of standardized exams. Pressure to perform has energized the $1.9 billion-a-year instructional software industry.

Now, after five years of development and backing by investors like Saudi Prince Alwaleed Bin Talal and onetime junk-bond king Michael R. Milken, Neil Bush aims to roll his high-tech teacher's helpers into classrooms nationwide. He calls them "curriculum on wheels," or COWs. The $3,800 purple plug-and-play computer/projectors display lively videos and cartoons: the XYZ Affair of the late 1790s as operetta, the 1828 Tariff of Abominations as horror flick. The device plays songs that are supposed to aid the memorization of the 22 rivers of Texas or other facts that might crop up in state tests of "essential knowledge."

Bush's Ignite! Inc. has sold 1,700 COWs since 2005, mainly in Texas, where Bush lives and his brother was once governor. In August, Houston's school board authorized expenditures of up to $200,000 for COWs. The company expects 2006 revenue of $5 million. Says Bush about the impact of his name: "I'm not saying it hasn't opened any doors. It may have helped with some sales." (In September, the U.S. Education Dept.'s inspector general accused the agency of improperly favoring at least five publishers, including The McGraw-Hill Companies, which owns BusinessWeek. A company spokesman says: "Our reading programs have been successful in advancing student achievement for decades; that's why educators hold them in such high regard.")

The stars haven't always aligned for Bush, but at times financial support has. A foundation linked to the controversial Reverend Sun Myung Moon has donated $1 million for a COWs research project in Washington (D.C.)-area schools. In 2004 a Shanghai chip company agreed to give Bush stock then valued at $2 million for showing up at board meetings. (Bush says he received one-fifth of the shares.) In 1988 a Colorado savings and loan failed while he served on its board, making him a prominent symbol of the S&L scandal. Neil calls himself "the most politically damaged of the [Bush] brothers." . . .
The rest here.

1 comment:

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