Hedge funders are investing in charter schools; getting in on the ground level for the coming feast of public property sold off cut-rate, & the steady income streams from public dollars:
http://www.examiner.com/x-28545-NY-High-Schools-Examiner~y2009m12d9-Hedge-Funds-invest-in-Charter-SchoolsHere's a preview of the corporate types who'll be owning the (chain) charter schools of the future:
DENNIS BAKKE:
*CEO of Imagine! Charter Schools, 74 schools in 12 states & the District of Columbia. Slogan: "Joy at Work" (Hmmm....what other slogan does this one remind one of....?)
*Founder (1981), AES Corporation (Energy) -- lobbied for & profited from Enron-era energy deregulation, now the largest independent power producer in the world (11 billion in assets)
*Member of "The Family," Rick Warren associate:
"Dennis Bakke, former CEO of AES, the largest independent power producer in the world, and a Family insider, took the occasion of the 1997 Prayer Breakfast to invite Ugandan president Yoweri Museveni, the Family’s “key man” in Africa, to a private dinner at a mansion, just up the block from the Family’s Arlington headquarters.
Bakke...has long preached an ethic of social responsibility inspired by his evangelical faith and his free-market convictions: “I am trying to sell a way of life,” he has said. “I am a cultural imperialist.” That’s a phrase he uses to be provocative; he believes that his Jesus is so universal that everyone wants Him.
And, apparently, His business opportunities: Bakke was one of the pioneer thinkers of energy deregulation, the laissez-faire fever dream that culminated in the meltdown of Enron.
But there was other, less-noticed fallout, such as the no-bid deal Bakke made with Museveni at the 1997 Prayer Breakfast for a $500-million dam close to the source of the White Nile—in waters considered sacred by Uganda’s 2.5-million–strong Busoga minority.
AES announced that the Busoga had agreed to “relocate” the spirits of their dead. They weren’t the only ones opposed; first environmentalists (Museveni had one American arrested and deported) and then even other foreign investors revolted against a project that seemed like it might actually increase the price of power for the poor.
Bakke didn’t worry. “We don’t go away,” he declared. He dispatched a young man named Christian Wright, the son of one of the Prayer Breakfast’s organizers, to be AES’s in-country liaison to Museveni; Wright was later accused of authorizing at least $400,000 in bribes. He claimed his signature had been forged.
http://jeffsharlet.com/content/excerpt-from-the-family/Sharlet on Bakke's profiteering from corporate welfare:
"Uganda -- drop in on energy tycoon Dennis Bakke's fabulous Arlington, Virginia home, paid for in part with funds squeezed out of a broken dam that (Uganda) didn't need. You want rich and famous? That's rich, and it'd make Bakke, one of the wealthiest men on the planet, famous."
http://www.ciel.org/Ifi/ifccaseuganda.html*Bakke = Uganda & The Family, sponsors of the recent "Kill the Gays" legislation....
http://www.talk2action.org/story/2009/11/25/132255/09*Bakke has a great record on caring for the environment, too, e.g.:
The Dominican Republic has filed a lawsuit against AES Corporation for more than $80 million in damages for environmental abuse.
AES Corporation, the Virginia-based energy conglomerate that proposes to build a liquefied natural gas (LNG) facility in The Bahamas, has been implicated in the DEATHS of several residents of the Dominican Republic.
The government of the Dominican Republic has filed a lawsuit against AES Corporation for more than $80 million in damages, after two years of attempts to get AES to remove more than 57,000 tons of rock ash dumped on beaches in the D.R. between late 2003 and early 2004.
The Dominican government is charging that AES dumped ash from coal burned at its electricity power plant in Guayama, Puerto Rico, on beaches in the Dominican provinces of Samana and Montecristi.
According to a press release issued by the government, "the ash sickened workers in the immediate vicinity, as well as people in the surrounding areas with bronchial or skin conditions, and several were reported to have died."
http://www.bahamasb2b.com/news/wmview.php?ArtID=7411 *Bakke has a history of corruption & anti-union activity in his charters documented here by Mad Floridian:
http://journals.democraticunderground.com/madfloridian/4784.Sure, *this* is the kind of guy that's going to improve our poor or minority schools!
Cause he's such a caring, selfless kind of guy...cause grinding children into the maw of profit makes them learn quick!