Neil Bush's Familiy Values (Computers for Children)
by Bill Berkowitz | November 28, 2006 - 9:03am
Two years ago, when Neil Bush and his mother, the former first lady Barbara Bush, were featured guests at a $1,000-a-table fundraiser for the Western Heights School District in Oklahoma City, proceeds from the event were specifically earmarked for the purchase of products from Neil's company, Ignite! Learning. Late last year, when Neil's mom agreed to make a contribution to a Hurricane Katrina relief foundation for those victims that had relocated to Texas, she stipulated that her donation had to be used by local schools to acquire Ignite products.
Over the past two decades, while Neil Bush has made impressive amounts of money in all sorts of interesting business deals, he has always seemed like the kid who was caught red-handed throwing chalk at the teacher, got sent to the principal and yet returned to the classroom unscathed.
These days, with the help of the Saudi Royal Family, a former junk bond dealer, a Russian mobster, the Rev. Sum Myung Moon, and mom and dad, family string-pulling is again paying off.
The Los Angeles Times recently reported that Ignite! Learning, headed by Neil Bush "and partly owned by his parents, is benefiting from Republican connections and federal dollars targeted for economically disadvantaged students under the No Child Left Behind Act."
The company has managed to "place its products in 40 U.S. school districts and now plans to market internationally," the Times reported.
"Interviews and a review of school district documents obtained under the Freedom of Information Act," by the Los Angeles Times, "found that educators and legal experts were sharply divided over whether Ignite's products were worth their cost or qualified under the No Child law."
According to the Times, "Most of Ignite's business has been obtained through sole-source contracts without competitive bidding. Neil Bush has been directly involved in marketing the product."
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BusinessWeek also pointed out that the Washington Times Foundation, "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
brothers.'"
The Rev. Moon, Saudi Prince Alwaleed Bin Talal and Milken aren't the only controversial financial participants. Fugitive Russian billionaire Boris Berezovsky, who has been accused of having strong tries to the Chechen mafia, has been an investor in Bush's Ignite! project since at least 2003.
And then, there's mom and dad. The former first lady got herself in a bit of hot water when she contributed to a Hurricane Katrina relief foundation for storm victims who had relocated to Texas and stipulated that her donation had to be used by local schools for purchases of COWs.
Much More at........
http://smirkingchimp.com/thread/3462