Last Dance of the Lemons

The *kids* weren’t the only big winners in California’s Vergara ruling…

dancing lemonsReader: barely had the verdict been announced in the landmark legal case Vergara vs. Lemons when the verdict was reached. The Vergara verdict represents a huge win for the kids. My own favorite verdict came swiftly from value investor Whitney Tilson who *stopped the presses* an unprecedented quintuple times in order to announce that the Vergara decision was a *grand slam for students* and a *grim day for the Blob.* (Note: if you are regular reader of this blog, you are a de facto Blob member.) Which got me to wondering. Might there be some other beneficiaries of the Vergara victory, besides the kids that is? I’m recommending an extra lemon twist to today’s featured quaff—you’ll need it. Continue reading →

Splitsville

Is the education reform movement coming apart at the seams?

It’s a bird, it’s a plane—no, it’s the corporate education reform movement, a many-headed hydra racing down our nation’s educational tracks with such velocity that mixed metaphors are required even to describe it. But hark: beneath that bedazzled and bedazzling exterior lurks a messy interior—one that’s getting messier by the day. Let’s take a peek, shall we? Continue reading →

All in For Profit

A Wall Streeter explains why he’s bullish on for-profit education company K12

By Mazinger Z
As president Coolidge once said, the business of American business is rent seeking. No surprise then that the efficiency, resources and ingenuity of our profit-seekers are increasingly being enlisted in the fight to turn around our failed and failing public schools. Of course, this process inevitably involves siphoning off a few tens of billions from the generous teat of the US taxpayers. But only carpers or whiners could object to the risk-bearing shareholders extracting proper compensation for the hard work of following their stocks on Yahoo and opening their monthly brokerage statements. Continue reading →

Send in the SEALs

Can a new generation of young, Navy SEAL-like teachers finally club the achievement gap out of existence?

Hedge funder Whitney Tilson argues that a new generation of young Navy SEAL-like teachers can club the achievement gap out of existence.

Can a new generation of young, Navy SEAL-like teachers finally club the achievement gap out of existence? That is today’s fiercely urgent question, reader, and believe it or not, I do not ask it in jest. The call to send in the SEALs comes from hedge fund manager and edu-visionary extraordinaire Whitney Tilson. When Tilson read this recent New York Times story about high turnover among young charter school teachers, he went ballistic, to use a military metaphor. After all, turnover among Navy SEALs is also very high, notes Tilson, and no one complains about that. Continue reading →