Thompson: Partial Takeover Of LAUSD Only Beginning For Bloomberg
The outcome of last Tuesday’s Los Angeles School Board election might have seemed anticlimactic, writes Education Tweak in Bloomberg Acquires Partial Stake in LAUSD, but the education journal of farce explains that the partial takeover is a part of a longterm strategy:
"Bloomberg’s spokesperson, Ollie Garkey, insists that further acquisitions in this and other districts will take place over the next several years.” Bloomberg still intends to “'liquidate unproductive assets in the LAUSD and we expect new investors to join our team.'”
The spokesperson says that Bloomberg has produced better results in the high-risk election market than Karl Rove, but he has a more transformative goal. “As is, the system is unworkable and unacceptable. The entire investment community must now work together to design a more reliable election process.” Garkey asks, “How fair is it when the high bidder is denied the purchase?-JT(@drjohnthompson) Image via.