Schooling in the Ownership Society: Wall St. is bullish on school closings

Schooling in the Ownership Society: Wall St. is bullish on school closings:

Wall St. is bullish on school closings

by Mike Klonsky

Moody's in no mood for public schools.

Philly.com reports that Wall St. likes the mass closing of public schools.

The Philadelphia School District's plan to shut almost 1/10 of the district's 250 schools, as competing, taxpayer-funded charter schools draw off one-third of the district's student body and Gov. Corbett cuts state aid, is "positive from a credit perspective" because it shows school officials "are intent on reducing expenditures" even if it makes them "unpopular," writes Moody's 

Pritzker leaving Chicago. Who's complaining?

by Mike Klonsky

What we miss or lose out on on a local level we more than gain because of her involvement on a national level,” says Marty Nesbitt, who co-founded the Parking Spot airport parking management company with Ms. Pritzker. -- Crain's

Pritzker (Bloomberg pic)

It seems Obama is about to appoint Hyatt's union-bashing billionaire, Penny Pritzker, as his next Commerce Secretary. It's clearly a patronage appointment, the usual payback to Chicago corporate and political leadership for their support in last year's election. Pritzker was Obama's chief fund raiser. That's also the obvious reason why Pritzker was appointed by the mayor to sit on the school board. It's not like she had any other qualifications. Last week she left her position on the  board in preparation for her departure to D.C.

While some are jumping for joy and shouting "good riddance" -- Chicago teachers and Hyatt Regency Hotel workers to name but a few -- others who have benefited more directly from