Obama’s Arne Duncan, Sec. Of Education and Renaissance 2010

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.

From:  http://www.newschoolschicago.org/About.html

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?

Investment Overview

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?
Northern Trust
The Crown Family
Rowe Family Charitable Trust
Exelon Corporation
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
JPMorgan Chase
The Boeing Company
McCormick Foundation
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
Pritzker Foundation
CME Trust
Rauner Family Foundation
Deloitte LLP
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
Kraft Foods
Bain & Company
Madigan Family Foundation
Bank of America <<Receiving TARP funds
Mayer Brown LLP
The Canning Foundation
Motorola Foundation
Discover Financial Services
PricewaterhouseCoopers LLP
Ernst & Young
Sears Holdings Corporation
Fortune Brands
Sidley Austin LLP<< The lawyer firm where Michelle first worked and met Barack
Grosvenor Capital Management
W.W. Grainger, Inc
Harris Bank
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
United Airlines
Chicago Board Options Exchange
USG Corporation
Judd Enterprises, Inc
Walgreen Company
Winston & Strawn L.L.P
Peoples Gas

Investors of $100,000 to $249,999

BP Foundation
Molex Incorporated
Frank and Vera Clark
Nuveen Investments
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
Citi Foundation
Col Stanley R. McNeil Foundation
Richard and Ellen Sandor Family Foundation
Crain’s Communications
Ryerson 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
Mesirow Financial
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?

Published in: on January 25, 2009 at 3:48 pm  Leave a Comment  

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