| Richard Brodsky was one of New York's most enlightened state legislators. He is currently a senior fellow at the Wagner School at NYU. In this article, he describes the new politics of education: the policy debates are now dominated by hedge fund managers and rightwing billionaires."What's worse is that huge amounts of public education dollars are involved. It turns out that hedge funds are using taxpayer subsidies to fund the charter school movement. Under President Bill Clinton, a tax break called the "New Markets" tax credit has provided a 39 percent tax break for hedge funds that invest in charter schools in underserved communities. Like Albany, for instance. It's one thing for the financial community to speak out against teachers unions, to fund lawsuits against tenure and to push high-stakes standardized testing as a matter of corporate citizenship. It's another matter when... |
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At m.timesunion.com
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