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Monday, April 15, 2013

UPDATE: biggest hedge-fund asshole + How the blame game works. | Fred Klonsky

How the blame game works. | Fred Klonsky:



The second biggest hedge-fund asshole on Wall Street.


Dan Loeb. The second biggest hedge-fund asshole on Wall Street.
Matt Taibbi:
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But here’s the catch. Dan Loeb, who isn’t known as the biggest hedge-fund asshole still working on Wall Street (only because Stevie Cohen hasn’t been arrested yet), is on the board and co-founder of a group called Students First New York. And Students First has been one of the leading advocates pushing for states to abandon defined benefit plans – packages which guarantee certain retirement benefits for public workers like teachers – in favor of defined contribution plans, where the benefits are not guaranteed.

In other words, Loeb has been soliciting the retirement money of public workers, 








How the blame game works.

Have the curriculum be about one thing.
Test something else.
Then redesign the test. Make it a harder test than the test that didn’t test what was taught before.
Watch the test scores plummet.
Then publish reports about how the public schools are failing based on the results of the tests that didn’t test what was being taught.
NY Times:

New York public school students and parents are, by now, accustomed to standardized tests. But a pall has settled over classrooms across the state because this year’s tests, which begin Tuesday, are unlike any exams the students have seen. They have been redesigned and are tougher. And they are