Thursday, June 23, 2011

Wall Street Bottomfeeders Circling NJ Schools

HT to Stan Karp:

Star Ledger, 6.23.11
"What do we want? A vote! When do we want it? Now!" while an assortment of politicians pledged obeisance to what these parents demanded: An end to the unchecked growth of charter schools.

Wall Street Journal 6.23.11
A new group backed by two hedge-fund founders is taking aim at New Jersey's largest teachers union. Better Education for Kids wants to end the use of seniority in teacher-hiring decisions . . . and weaken tenure. . . . It's the first major foray from the hedge-fund community into New Jersey's education-reform scene. Hedge-fund managers and employees have been active in New York education circles for years, as support for charter schools came into vogue.

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