Wall Street Vultures
A member of the Coalition for Louisiana Public Education sent me this link to a Reuters news story dated Aug.2about a recent business conference where the opportunitiesfor school privatization schemes were discussed with interested business persons. It seems that many of the Wall Street guys see K-12 education as a major source of big profits. Big profits? How can that be at this time of shrinking school budgets and increased mandated costs to local school systems?
Here's the gist of it. The wall street guys have figured out that the major cost of providing K-12 education is in personnel. You know the cost of salaries and benefits for teachers, administrators, central office personnel, and even custodial workers. Also because of a major pension and health insurance cost escalation (much of it
Here's the gist of it. The wall street guys have figured out that the major cost of providing K-12 education is in personnel. You know the cost of salaries and benefits for teachers, administrators, central office personnel, and even custodial workers. Also because of a major pension and health insurance cost escalation (much of it
