The article focused on Fortress Investment's Peter Briger, a/k/a "king of debt" a/k/a "junkyard dog," a man who scored big by buying up the so-called "distressed assets" that banks didn't want and were willing to sell off cheap. So, if you're one of millions of struggling homeowners be afraid, be very afraid.
One big problem with the Times' campaign to hype charter schools is that this school just opened the week before with 135 kindergarten and first grade children, so no one had any idea how economically diverse and academically rigorous the school would actually become. The article was purely speculative, barely more than an advertisement for charter schools.
The reason most of us have seen little gain from economic growth over the last three decades is that the rich have rigged the rules to ensure that money flows upward. Through their control of trade policy, Federal Reserve Board policy, and other key levers of government, they have structured the market to weaken the bargaining power of ordinary workers and benefit the CEOs and Wall Street crew. As a result, the typical worker has seen almost none of the gains from economic growth over the last four decades. Most of this rigging comes in before-tax income.
Some research suggests that charter schools perform no better than existing public schools. And even if we wanted to, it would be nearly impossible to take the charter movement to scale. So why are the billionaire "disruptors" of the hedge-fund world so hell-bent on establishing charter schools? Money and influence may help to explain it.