Tag Archives: Monopoly

Richest hedge fund managers gave 98% of contributions to Democrats

Story here on Big Government. (H/T ECM)

Excerpt:

The world’s top-earning hedge fund managers have bankrolled almost exclusively Democratic campaigns.

The top 10 highest-paid hedge fund managers in 2009 have dished out campaign contributions almost only to Democrats.

Over their lifetimes, those managers have given almost $33 million in campaign contributions to Democrats, according to research by the National Republican Congressional Committee (NRCC) and that is based on data maintained by the nonpartisan CQMoneyline.

The same managers gave roughly $600,000 to Republicans, according to the research. The contributions went 98 percent to Democrats and two percent to Republicans.

But there’s more:

As the Senate prepares to debate possibly hundreds of amendments to a Wall Street overhaul bill, labor unions and others have criticized the bill for not having tough restrictions on hedge funds.

“It’s very disconcerting to see this legislation moving forward that gives them a complete pass,” said Heather Slavkin, of AFL-CIO.

I wonder if the two facts are connected in some way? Maybe.

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    Superintendent Michelle Rhee’s fight against the Washington, D.C. teacher unions

    I’ve always believed that the best way to learn about a topic is by understanding the topic as a fight between two opposing teams. And that’s how we’re going to learn about the Washington D.C. school system in this balanced post at the libertarian magazine Reason.(Not the usual conservative stuff I post 100% of the time)

    Here’s the situation:

    D.C. is a divided town. In the heart of the capital, the federal government hums along, churning out paperwork and disillusioned interns at a steady clip. But the rest of the city is in pretty miserable shape. The District of Columbia Public Schools rank below all 50 states in national math and reading tests, squatting at the bottom of the list for years at a time. More than 40 percent of D.C. students drop out altogether. Only 9 percent of the District’s high schoolers will finish college within five years of graduation. And all this failure doesn’t come cheap: The city spends $14,699 per pupil, more than all but two states and about $5,000 more than the national average. Yet as unlikely as it seems, D.C. may prove to be the last best hope for school reform in the United States.

    But then, a reform-minded superintendent named Michelle Rhee appeared:

    In July 2008, Rhee revealed her opening gambit with the teachers union: She offered the teachers a whole lot of money. Under her proposal, educators would have two choices. With the first option, teachers would get a $10,000 bonus—a bribe, really—and a 20 percent raise. Nothing else would change. Benefits, rights, and privileges would remain as they were. Under the second option, teachers would receive a $10,000 bonus, a 45 percent increase in base salary, and the possibility of total earnings up to $131,000 a year through bonuses tied to student performance. In exchange, they would have to forfeit their tenure protections.

    But the teachers said no to her offer:

    Teachers simply don’t believe that it should be possible for them to be fired—not by a principal, not by a superintendent, not by anyone. Unions and other opponents of the reformers prefer to stick with warmed-over solutions that have been failing for decades: smaller class sizes, more teacher pay, and more job security.

    Then Rhee tried to tie teacher license renewals to performance, but the unions said no:

    In 2008, after Rhee’s office released a statement about tying teacher licensing to student outcomes, the Washington Teachers Union (the dominant local union) sent an email message to its members stating, “This proposed regulation would not benefit DCPS teachers, as a teacher’s true effectiveness should not be linked to a teacher’s right to renew his or her license.” The message went on to explain that it was “dangerous and discriminatory” to “require a candidate to demonstrate effectiveness to continue teaching in a District of Columbia Public School.”

    Children benefit when parents can get a voucher so the parents can choose a better school, and especially when they can choose charter schools or even private schools or even homeschooling – anything is better than public schools. But the unions don’t want parents to be able to use a voucher to choose a competitor. Unions want children to remain in failing schools so that the union members will not loose their jobs.

    The article continues:

    In pre-Rhee D.C. the single glimmer of hope for many families was the D.C. Opportunity Scholarships Program. Funded by a separate congressional appropriation of $14 million, it offered vouchers to kids in failing schools, allowing them to attend private school instead of their assigned public school. The program took no money from the city budget and was hugely popular with parents and kids; since 2004 more than 7,200 students had applied for a limited number of slots. Last year 1,700 kids were accepted. Next year there will be none. On the campaign trail, Barack Obama had promised to let scientific results determine his education policy. In office, however, he let political influence kill the program even as initial studies were showing positive gains by students and high parental satisfaction. The National Education Association, which is consistently one of the biggest single donors to U.S. political campaigns, pressured the Democratic Congress to eliminate funding for vouchers in 2009. Obama promptly signed the death sentence into law.

    The fight over vouchers and charter schools—both of which serve as workarounds to the ossified hiring/firing rules of public schools—is playing out all around the country, with teachers unions usually coming out on the winning side.

    […]Teachers unions contribute more than $60 million a year to political campaigns, topping contributor lists at the state and federal levels, and nearly all of the money goes to Democrats. That investment buys the continuation of the status quo plus some platitudes about class size and teacher pay from every prominent Democrat. Reformers have virtually no presence on Capitol Hill.

    On the one side, there is the courageous, no-nonsense superintendent Michelle Rhee, parents and children. And on the other side, there is the Washington D.C. education bureaucracy, teacher unions and the Democrat party. The unions are winning. Do parents care to understand what is stopping their own children from succeeding?

    The shocking thing in all of this is that Rhee is a Democrat, and hardly a conservative. She’s no hero of mine, but at least we share the same enemies on this issue.

    Must-see videos on education policy

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    New York high school bans Christian club, allows 60 other clubs

    Story here from LifeSiteNews.

    Excerpt:

    A student has teamed up with the Alliance Defense Fund to file a lawsuit against a New York school district after school officials cancelled her once-flourishing Christian club.

    At the beginning of her freshman year at Half Hollow Hills High School East, the student was told that the Ichthus Club, a student-led group where she was one of the leaders, had been cancelled without any advanced notification. Four years earlier, her older brother had met strong resistance before the club was finally allowed to form.

    School officials claim that unspecified budget cuts and a lack of student popularity spurred their decision. However, leaders in the club point out that it had more than 55 student attendees last year, and complain that approximately 60 other student clubs, including the Gay-Straight Alliance and Amnesty International, were allowed to continue.

    […]“Christian student groups in public schools shouldn’t be discriminated against simply because they are religious,” said ADF Senior Legal Counsel David Cortman.

    “Singling out a religious student club while letting the vast majority of the others remain constitutes viewpoint discrimination and is unconstitutional. In addition, it’s simply false that this club is not popular with students. More than 90 students signed a petition in favor of allowing the club to continue meeting.”

    Another reason why Christians need to vote for lower taxes and school choice. We cannot be paying the government to undermine our own worldview with our own money in government-run secular-left public schools operated by teacher unions. The only solution is to cut taxes, keep your money and homeschool or pay for private schools. These schools don’t favor our worldview and they never will.