Schooling in the Ownership Society: Philly schools have to go begging to Wall Street

Schooling in the Ownership Society: Philly schools have to go begging to Wall Street:

Philly schools have to go begging to Wall Street

by Mike Klonsky

Chief Recovery Officer Thomas Knudsen is resigning. He ran the show in Philly. Former head of former head of Philadelphia Gas Works, his loot-and-burn job was to cut $100 million or more from the school budget while protecting high-paid consultants and execs.

According to the Daily News, Philly's school district is "broke" and forced to go begging to Wall Street for a $300 million loan to pay its bills. But this hasn't stopped them from giving fat raises to non-union administrators and