Arne Duncan, from Chicago (surprise, surprise) is Obama’s pick for Secretary of Education. Duncan’s idea was for Renaissance 2010; a new idea to change schools under the school improvement plan.
Renaissance 2010: A Bold Vision, A Promising Reality
In June 2004, Mayor Richard M. Daley and Chicago Public Schools CEO Arne Duncan announced a bold initiative to transform Chicago’s public schools. Renaissance 2010 will drive systematic change in the school system through greater choice and competition and provide all families with high-quality educational options.
This sounds too good to be true, right?
Why is the Renaissance Schools Fund needed?
Although CPS will be responsible for basic staffing costs and for a reasonable amount of capital and operational support (supported by state and federal funds), new Renaissance 2010 schools will need substantial supplemental support during the critical “start-up” phase and initial years of operation.
New schools require approximately one year of advance preparation. Also, after their doors open, most schools “ramp up” slowly with fewer children in the early years and need funding to cover overhead until they reach scale. The Renaissance Schools Fund makes resources available to these schools during a two-year ramp-up period, covering the costs associated with doing what it takes to provide a high-quality education. After two years of operation, CPS funds should cover most of the expenses.
Although costs will vary depending on the size of the school, grades served, student demographics and the level of CPS support, it is not unreasonable to expect a new school to require at least $500,000 in start-up and transitional support over the first few years to be successful.
Still sound okay to you? The thought of a reduction of millage for school taxes on your property sounds great, right?
So WHERE will this money come from??
From Large Corporations and “INVESTORS” that’s who!
This relates to CHICAGO schools at this moment.
Investors of 2,000,000 and Above **That is 2 MILLION dollars.**
Anonymous (2)<<Any guess who these 2 Investors are?
The Crown Family
Rowe Family Charitable Trust
The Searle Funds at The Chicago Community Trust
Bill and Melinda Gates Foundation
The Walton Family Foundation, Inc
Investors of $1,000,000 to $1,999,999
Baxter International Inc
The Boeing Company
The Chicago Community Trust
McDonald’s Corp. & Ronald McDonald House Charities
Chicago High School Redesign Initiative
Polk Bros. Foundation
Civic Committee of The Commercial Club of Chicago
Rauner Family Foundation
Sara Lee Corporation
Financial Investments Corporation
Sonnenschein Nath & Rosenthal LLP
Investors of $500,000 to $999,999
Kenilworth Families Partnership
The Allstate Corporation
Kirkland & Ellis LLP
Bain & Company
Madigan Family Foundation
Bank of America <<Receiving TARP funds
Mayer Brown LLP
The Canning Foundation
Discover Financial Services
Ernst & Young
Sears Holdings Corporation
Sidley Austin LLP<< The lawyer firm where Michelle first worked and met Barack
Grosvenor Capital Management
W.W. Grainger, Inc
Winnetka Families Partnership
HSBC – North America
Woodley Road Neighbors
Illinois Tool Works Foundation
Investors of $250,000 to $499,999
Reyes Holdings, LLC
Best Portion Foundation
John W. Rogers, Jr
Carnegie Corporation of New York
Chicago Board Options Exchange
Judd Enterprises, Inc
Winston & Strawn L.L.P
Investors of $100,000 to $249,999
Frank and Vera Clark
Corn Products International, Inc
Schwarz Paper Company
Crate and Barrel
Dr. Scholl Foundation
Wm. Wrigley Jr. Company Foundation
The Edgewater Funds
Investors of $25,000 to $99,999
Azteca Foods, Inc
Lloyd A. Fry Foundation
Col Stanley R. McNeil Foundation
Richard and Ellen Sandor Family Foundation
Downtown Partners Chicago
U.S. Bancorp Foundation
Evans Food Group Ltd
Investors of $24,999 and Below
Leo Burnett USA, Inc
John and Kathleen Buck
Keller Group, Inc
William Blair & Company
So now they want Corporations to INVEST in our schools to produce workers. No you say? Listen very carefully to Arne Duncan’s statement about “Non-certificate” teachers WITHOUT an Elementary Education Diploma that will now be allowed to TEACH our children in our schools.
Did you catch how many times Arne Duncan said the word “WORKERS”?
So the Renaissance 2010 idea that Arne Duncan is 100% behind is CORPORATE owned and the teachers teach the students how to work….
President Obama’s Stimulus Plan is supposedly to improve our educational system. If Corporations invest in our Educational System through Renaissance 2010, where will the “stimulus” package money for Education go? As a “Dividend” to Investors?
Is this really what America wants for an educational system for our children?
Again….Where is the transparency you campaigned on during the general election again Mr. President?