As Clinton/Bush/Obama divert funding from our public schools and universities-----global corporations profits soared from all that revenue moving to them.
Today, with Race to the Top we now see Obama and Clinton neo-liberals moving our K-12 right into the hands of these same global corporations as 'partners'.
Federal and US Constitutional law of Equal Protection has a long history of our public schools administered in ways that protected equal opportunity and access----maybe not exact funding equity but close. Obama and Clinton neo-liberals are turning their heads to that and allowing a winners and losers privatization that has K-12 schools getting large private donations and lots of resources while others cannot buy toilet paper or are being told to close for lack of funding. We have Exelon in a pay-to-play corporate tax deal of $100 million sweetening the pot by pledging $1 million to one charter school in its neighborhood---Hopkins doing the same to a few more. Each school is then tied to the vocation of that corporate donor-----
ALL WHILE BEING CALLED 'PUBLIC SCHOOLS'----ERGO, THEY ARE GETTING AS MUCH PUBLIC FUNDS AS OTHER PUBLIC SCHOOLS.
In exchange for all these policies of corporate subsidy Johns Hopkins has UnderArmour 'donate' a football field to Hopkin's high school------another corporation 'donates' a LaCrosse Museum----another corporation pays for outdoor staircases....ALL WHILE NONE OF THEM PAY LITTLE IF ANY CORPORATE TAXES.
This while a hundred public schools close over a few decades. So, are we happy for that one school partnering with a McDonnell Douglass knowing if this corporation paid taxes and stopped all that subsidy all 100 public schools in Baltimore could be rebuilt and operating? Of course not----the children in that partnership would do as well with a vocational shop that every other public school had as well.
What Hopkins and McDonnell Douglass are doing is recruiting the best of the best in the world and bringing them to Baltimore while Baltimore citizens are being directed into the worst of the worst for-profit career online courses and subprimed degrees because all Federal and Maryland funding is now only directed to those kinds of schools.
A TIME investigation uncovers how hundreds of companies get on the dole--and why it costs every working American the equivalent of two weeks' pay every year
By Donald L. Barlett and James B. Steele
(TIME, Nov. 9) -- How would you like to pay only a quarter of the real estate taxes you owe on your home? And buy everything for the next 10 years without spending a single penny in sales tax? Keep a chunk of your paycheck free of income taxes? Have the city in which you live lend you money at rates cheaper than any bank charges? Then have the same city install free water and sewer lines to your house, offer you a perpetual discount on utility bills--and top it all off by landscaping your front yard at no charge?
But the numbers at the bank's five biggest beneficiaries--AT&T, Bechtel, Boeing, General Electric and McDonnell Douglas (now a part of Boeing)--tell another story. At these companies, which have accounted for about 40% of all loans, grants and long-term guarantees in this decade, overall employment has fallen 38%, as more than a third of a million jobs have disappeared.
Gateway STEM High School
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Partnerships with businesses
The school has partnerships with local businesses. Monsanto Company and two medical schools in St. Louis provide assistance and internships in the area of agricultural, health and biological sciences; Mallinckrodt Chemical, in physical sciences; McDonnell-Douglas, in engineering technology; and Lucent Technologies Bell Labs, as well as the computer divisions of Monsanto, Mallinckrodt Chemical, and McDonnell-Douglas, in computer science and mathematics. Lucent Technologies staff also help the students.
Americans have no problem with global students coming to the US for a better education opportunity---they have been doing it for centuries----we mind that our own opportunities are being attacked and all avenues for advancement dismantled while corporations shift all public subsidies to their own profits.
Would a few hundred other public schools in Baltimore like the resources this one example has?
YES, AND THEY SHOULD HAVE IT. THAT IS WHAT PUBLIC SCHOOLS ARE ABOUT-----ALL SCHOOLS FUNDED EQUITABLY, WELL-RESOURCED BECAUSE CORPORATIONS PAY TAXES.
Both St. Louis and Baltimore are of course GATEWAY International Economic Zone cities---that means Hopkins has a global corporation that moves international students and immigrant workers to the US and these International Economic Zones while installing the structures that will allow these US cities to operate free of all US laws and US Constitution with a flood of foreign global corporations and foreign workers filling the jobs.
McDonnell Academy welcomes 16 new scholars from across the world
First U.S. scholars enter McDonnell Academy in fall 2012
September 13, 2012The McDonnell International Scholars Academy at Washington University in St. Louis welcomed 16 talented new graduate and professional students from 11 partner institutions worldwide for the 2012-13 academic year.
From left: Yinghui Wu, a McDonnell Academy scholar from Peking University, talks with Sarita Barton, one of the McDonnell Academy’s first U.S. scholars, and Praveen Kumar, a scholar from the Tata Institute of Social Sciences.
Admitted into the McDonnell International Scholars Academy for the first time in 2012 were two scholars from the United States.
Established in 2005, the McDonnell Academy brings together top scholars from across the globe to WUSTL to pursue world-class education and research while forging a strong network with one another.
While the McDonnell Academy will continue to admit primarily international students, it also will strive to include a small percentage of U.S. scholars, says McDonnell Academy Director James V. Wertsch, PhD.
“U.S. students need to be part of the global leadership network the McDonnell International Scholars Academy seeks to foster,” says Wertsch, associate vice chancellor for international affairs and the Marshall S. Snow Professor in Arts & Sciences at Washington University.
The new scholars, along with their WUSTL programs and previous institutions, are:
Oguz Alyanak (anthropology in Arts & Sciences, Boğaziçi University, Istanbul, Turkey);
Andrea Balassy (energy, environmental and chemical engineering, Budapest University of Technology & Economics, Hungary);
Sohyun Bang (law, Seoul National University, South Korea);
Sarita Barton (social work, University of California, Berkeley, United States);
Jihyun Cha (psychology in Arts & Sciences, Yonsei University, Seoul, Korea);
Wan-Jung Cheng (economics in Arts & Sciences, National Taiwan University, Taipei, Taiwan);
Rinxan (Richard) Hu (social work, Fudan University, Shanghai, China);
Praveen Kumar (social work, Tata Institute of Social Sciences, Mumbai, India);
Judith Liu (economics in Arts & Sciences, National Taiwan University, Taipei, Taiwan);
Sameer Patel (energy, environmental and chemical engineering, Indian Institute of Technology Bombay, Mumbai, India);
Roger Rowe (mechanical engineering and materials science, Washington University in St. Louis, United States);
Juan Pablo Saa (occupational therapy, University of Chile, Santiago, Chile);
Kuan-Yu Shen (energy, environmental and chemical engineering, National Taiwan University, Taipei, Taiwan);
Clinton Shi (social work, National University of Singapore);
Chieh-Hsiang Tan (biology and biomedical sciences, National Taiwan University, Taipei, Taiwan); and
Wenjia Zhao (architecture, China Agricultural University, Beijing, China).
The 16 graduate students join a class of 33 McDonnell Academy scholars from Asia-Pacific, the Middle East, Europe and Latin America.
All non-U.S. McDonnell Academy students are graduates of one of 27 partner institutions, premier universities from around the world.
U.S. scholars admitted to the program will be required to travel to a McDonnell Academy partner institution to perform collaborative field or laboratory research.
A dinner was held honoring the new members of the McDonnell Academy Sept. 10 at WUSTL’s Knight Center.
In attendance, among many others, were representatives from the counsels general representing Brazil, Israel, the Netherlands, South Korea and Taiwan, all of which have McDonnell Academy partner institutions.
About the McDonnell Academy
Headquartered at Washington University, the McDonnell Academy enrolls exceptional graduate and professional students across all graduate disciplines at the university.
The McDonnell Academy Scholars are expected to be future global leaders. As such, they are provided not only with a rigorous graduate education at Washington University but also with cultural, political and social activities designed to prepare them as leaders knowledgeable about the United States, other countries and critical international issues.
Key to the academy’s success are partnerships Washington University has established with top universities and corporations around the world, with an eye to increasing opportunities for joint research and global education.
“In creating an international network of research universities, Washington University intends to develop a cohort of future leaders in a global university system and promote global awareness and social responsibility,” Wertsch says.
For more information on the McDonnell Academy, visit mcdonnell.wustl.edu.
Once selected for this highly competitive program, each academy scholar is matched with a distinguished member of the WUSTL faculty who serves as a mentor and also as an academy “ambassador” to the university partner from which the scholar has graduated.
The academy ambassador assists the McDonnell scholar in academic and professional life and travels annually with the scholar to the partner university to build relationships between the two institutions.
“The scholars, working with their ambassadors, help foster collaborative research and educational efforts across the academy institutions on issues such as energy and sustainability, international understanding and public health,” Wertsch says. “The academy is an incubator of new ideas on global networks in research and education and will continue to pursue new initiatives in the future.”
The McDonnell Academy organizes special events for the scholars, including leadership training, cultural opportunities, seminars and workshops with experts in key areas, conferences on crucial issues, and sessions in Washington, D.C., with U.S. government policymakers and grant administrators.
The McDonnell Academy scholars receive funding for full tuition and living expenses for the time it takes to get a degree at WUSTL. The academy also provides support for an annual trip back to the scholar’s alma mater, and, for U.S. scholars, it provides travel funds to one or more partner institutions.
To help foster a sense of community, many of the scholars reside in two fully equipped and furnished apartment buildings near campus.
Funding is provided through a sustaining endowment gift from John F. McDonnell, vice chair of WUSTL’s Board of Trustees and retired chairman of the board of McDonnell Douglas Corp.
Additional support comes from 18 multinational corporations, foundations and individual sponsors. Sponsoring corporations also offer internships and on-site educational opportunities for the academy’s corporate fellows.
In June 2011, Chancellor Mark Wrighton traveled to Taiwan to sign a memo of understanding with the Taiwan Ministry of Education, and the incoming cohort of Academy Scholars includes four Taiwan Ministry of Education Fellows.
To view a list of the academy sponsors, visit mcdonnell.wustl.edu/sponsors.
Partner universities in the academy are committed to excellence in education and research and to the importance of international collaboration.
The select group of worldwide research universities that are partners with the McDonnell International Scholars Academy follows:
Middle East Technical University
China Agricultural University
The University of Queensland
Budapest University of Technology and Economics
State University of Campinas
Technion-Israel Institute of Technology
Interdisciplinary Center Herzliya
Chinese University of Hong Kong
University of Hong Kong
University of Indonesia
The University of Melbourne
Indian Institute of Technology Bombay
Tata Institute of Social Sciences
Jawaharlal Nehru University
University of Chile
National University of Singapore
National Taiwan University
University of Tokyo
For those not knowing---the decline in Ivy League endowments were quickly recovered after the super-insurer of subprime mortgage loan fraud globally did a Bains Capital spin-off of assets just before the crash and these Ivy League university endowments are attached to those spin-offs----one being HighStar investment firm----this is where Johns Hopkins came in with its few billion endowments after the 2008 crash. This is the same HighStar that O'Malley and Maryland Assembly privatized Port of Baltimore to-----and it is the same High Star that VEOLA ENVIRONMENT privatizing Baltimore's public water and sewage belongs to. As a very, very, very neo-conservative Johns Hopkins and Wall Street Baltimore Development Corporation expands globally with all our Federal, state, and local revenue----it is behind all the BAltimore School Board as corporate K-12 privatization closing tons of our schools and making what will become corporate charters of most others. They aren't finished as the coming bond market collapse is tied to our public school building credit bond funding.
These Ivy League Universities like Johns Hopkins are global corporations----not non-profits and we need them paying corporate taxes----not subsidized. We can reverse this NEW WORLD ORDER Dark Ages schooling that brings back child labor and takes away our strong free public schooling.
THE POINT IS THIS----BALTIMORE HAS SO MUCH REVENUE COMING BACK TO IT ONE WAY OR ANOTHER TO FUND PUBLIC SCHOOLS FOR EVERY COMMUNITY WELL-RESOURCED ----AND WE WANT THIS PATH TO REBUILDING OUR PUBLIC SCHOOL SYSTEM----
The Rich University: The Mother of all Tax Breaks
By Michelle Hirsch, The Fiscal Times
October 7, 2011
For elite private U.S. universities with large endowment funds, fiscal 2011 was a very good year. After suffering a 30 percent decline in its endowment in 2008, Harvard University reported last month that its fund—the largest in the country—grew by $4.4 billion to $32 billion last year, reaping the university a 21.4 percent return on its investments. The high returns have some economists, lawyers, and even some lawmakers, questioning the merits of continuing to give deep-pocketed universities tax breaks at a time when federal and state budgets are starved for revenue.
Stanford, Yale, the University of Pennsylvania, and Massachusetts Institute of Technology also posted gains of 22 percent, 21.9 percent, 19 percent, and 17.9 percent, respectively, in the fiscal year that ended June 30. Other Ivy League schools also saw strong returns.
“At some point, a nonprofit gets so rich that it seems kind of obscene to let wealthy universities get out of paying taxes,” said James Miller, an economics professor at Smith College. “Especially with this new Super Committee, I think the federal government is going to start looking a lot harder at the revenue running out the door every year—especially to institutions like Harvard that don’t exactly need it.”
Like most non-profit organizations, universities pay no property tax, which has led to an unprecedented legal challenge in Princeton, New Jersey. According to N.J.com, the University is being sued by a group of local residents who argue that Princeton owes property taxes on nearly 20 buildings not directly related to classroom or educational activities.
“…the university is not paying its
fair share of taxes and thus
homeowners in the borough are
shouldering a larger burden
than they ought to be.”
Princeton lawyer Bruce Afran told N.J.com, “Activities take place in those buildings, both profit-making activities and non-educational activities, that the state legislature never intended to be tax exempt. The result is that the university is not paying its fair share of taxes and thus homeowners in the borough are shouldering a larger burden than they ought to be.”
Universities like Harvard have multiple revenue streams: tuition, room and board, unrestricted alumni giving , ancillary revenue from sporting events, book sales, royalties, and other material, and, of course, the big one--the endowment. University endowment funds—supplied with capital from tax-deductible contributions —help pay for scholarships and tuition assistance, faculty salaries, upkeep of facilities, new research projects, or virtually any endeavor the university’s administration decides. But the fund can also pay a college president and other administration officials exorbitant incomes and benefits.
Yale University president Richard C. Levin made a base salary of $1,181,032, not including health care and other benefits, free housing, transportation, cleaning services, gardening, travel & entertainment expenses, and the like. Duke's head basketball coach, Michael Krzyzewski, made $3,763,373 in 2009. Of course, Duke and other universities run their athletic departments as profit centers, with revenues from television, ticket sales, clothing, and memorabilia. Massachusetts universities are awarding dozens of key administrators extravagant half-million-dollar or more pay packages, according to a report released last month by the Tellus Institute, a nonprofit research and policy organization aligned with unions.
Endowment funds are typically compromised of thousands of smaller funds established by individual donors. But once that money is donated, it is invested in a mix of stocks, bonds, private equity funds, hedge funds, and real assets at home and abroad.
As nonprofits, those investment returns are exempt from the 15 percent capital gains and dividends tax private companies, investors, and individuals pay on investment income -- so long as that income is used to further the university’s tax-exempt function, in this case education. Universities, like all nonprofits, are also exempt from paying federal corporate income taxes, and state and local sales and property taxes.
Large university endowment funds have advantages over individual and private investors, according to a 2010 Wells Fargo report. They have the benefit of holding investments indefinitely, have few liquidity constraints, and as a result, can take on more risky investments. “Larger institutions in particular benefit from access to the best managers, alternatives such as natural resource partnerships that are unavailable to individuals, and the lowest fees and trading costs,” the report said.
“These university endowment funds are the most sophisticated investors in the tax-exempt sector,” said Bruce Hopkins, an attorney for nonprofit organizations and a senior partner at Polsinelli Shugart. The larger endowments aggressive investment strategies, which include funneling money into overseas funds and domestic hedge funds “is very much the same as what a commercial enterprise does with its money, only in this case, it’s not taxed,” he said. Indeed, 82 percent of large academic institutions reported making foreign investments through their endowments. Large universities are more prone to make risky, aggressive investments because, unlike private foundations which are required to pay out 5 percent of their endowment assets each year, universities don’t have that requirement, he said.
“They [universities] should ask themselves whether offshore investments are an appropriate use of endowment funds and whether those funds would be better used by making tuition more affordable for students,” said Sen. Charles Grassley, R-Iowa, in a statement to The Fiscal Times. Grassley has accused universities of hoarding too much of their endowment funds, rather than using it to spend on scholarships and tuition assistance. “Taxpayers and students deserve to understand what they’re getting in return for the tax benefits awarded to these institutions,” he said in a January 2011 statement.
According to Hopkins, Congress could alter the law to mandate that if a university’s asset base exceeds a certain amount they have to pay income tax. “But all the members of Congress have institutions they went to and look out for, and so far, colleges and universities have just not been picked on that way.”
That’s with good reason, according to higher education advocates and lobbyists. “Nonprofit colleges, by definition, have to put revenues toward public purposes. This is different from what companies do with profits,” said Karin Johns, director of Tax Policy for the National Association of Independent Colleges and Universities. “Where the private sector’s mission is to generate profits and reward their shareholders, college endowments exist to support financial aid for students, support research and advance those institutions charitable mission,” said Steven Bloom, Director of Federal Relations with the American Council on Education. “How would you tax university endowments in a way that would raise a significant amount of revenue without harming these institutions that are really a jewel in the crown of this country that generate educated students that build long-term economic growth and innovation? I don’t see how you could.”
While it’s unclear how much revenue could be recouped by taxing universities investment profits, tax- exempt treatment of all nonprofit organizations costs the federal government $30.7 billion to $95.7 billion per year, and costs states between $26.4 billion and $46.4 billion per year, Congressional Research Service economist Jane Gravelle estimated this summer. States forego anywhere between 1.5 percent and 10 percent worth of the states’ property tax collections each year because of charitable tax exemptions, which translates into higher property tax rates for homeowners and businesses, concluded a 2010 report from the Lincoln Institute of Land Policy.
The endowments at Boston College, Boston University, Brandeis, Dartmouth College, Harvard, and MIT—which collectively own $10.6 billion in tax-exempt real estate -- would owe $235 million per year in property taxes if they were not tax-exempt, according to a 2010 study from the Tellus Institute, which studies nonprofits. These institutions do pay voluntary payments to local governments to help offset the costs of using city services and land, called Payments in Lieu of Taxes, but they only amount to about 5 percent of that $235 million, the study found.
Athletics and bookstores are
examples of untaxed university
enterprises that deserve a second
look. “These are arguably commercial
enterprises that could be paying
income tax on profits but they don’t"
“I would love to see Congress rewrite the rules so that when you have a nonprofit organization that is clearly in the business of making money they pay income tax,” said Howard Gleckman, a resident fellow at the Tax Policy Center. “You think about the amount of dough that the academic institutions make investing, and I think there’s probably some real money there.”
All nonprofit organizations are required to pay tax on any income they earn that is deemed unrelated to their basis purpose, called the Unrelated Business Income Tax. But according to Gleckman, almost nobody pays it. He cites college athletics and bookstores as textbook examples of untaxed university enterprises that deserve a second look. “These are arguably commercial enterprises, and they could be paying income tax on profits they earn but they don’t because they’ve hired their tax-deductible lobbyist that argued for one reason or another that this particular activity is intrinsic to the entity an should be tax-exempt,” Says Gleckman.
But taxing universities is not without consequences. Increased taxes could lead universities to hike tuition or cut back on student aid, Gleckman said. And schools, like Harvard, say removing tax exemptions would erode the donor base. “If donors knew that the money they bequeathed to their alma mater would partially or fully be heading to the state, they would think twice before writing that check,” said a 2009 piece by the Harvard editorial board. They were responding to a plan Massachusetts legislators pushed to levy a 2.5 percent annual tax on the portion of college endowments exceeding $1 billion. The plan was killed.
However, according to Smith College’s Miller, universities’ argument that taxing them more heavily will increase their costs is somewhat invalid. “If universities are giving the exact reasons that would apply to a business for why they shouldn’t pay tax—that their costs will go up—then they’re arguing no enterprise should pay taxes,” he said. There’s a valid economic case for taxing wealthy, successful schools more than you do business because those institutions are not likely to close down or move locations, he said. “The worst thing that can happen when you tax a business is that they close down or leave. There’s no way Harvard, MIT, or Yale are going to leave the states they’re in, or close down and risk alienating those localities let alone the faculty, students and alumni.”
Wells Fargo was the biggest holder of subprime mortgage loans that contained fraud and as such still owe every state millions of dollars. It owes Baltimore far more. We received nothing from Wells Fargo as corporate taxes----and yet, it provides Johns Hopkins with scholarships for its foreign medical school students----------and lots of other Asian nations while the American people are being told there is no Federal student grants and scholarships-----all Federal loans now tied to degree programs that show employment results.
APIASF Scholarships Asian-Pacific Island Scholarships to American universities.
APIASF/Wells Fargo Scholarship
Award: One-time scholarship of $2,500No additional requirements in addition to the APIASF minimum eligibility requirements.
As you see below----as Obama and Clinton neo-liberals reform Federal Student loan process to be 'more effective'---ie, you do not get to choose where to go and what you want to be and then apply for a student loan-----they are becoming connected to which schools move students to employment. The problem is of course without oversight and accountability----almost no truth in this stat can be found---it is all skewed. Volunteering is cast as moving students to employment in many cases.
The Federal Student Loan program was opened to any low-income family with children having good grades to go almost anywhere and pursue almost any degree path. THAT IS CALLED CHOICE AND FREEDOM. Now we will not doubt see claims of success by the same for-profit higher education schools that defrauded us of $1 trillion last decade----it's all in what figures they want to give.
A social Democrat like Bernie Sanders wants free 4 year university for all-----that will reverse this problem---but we must have social Democrats in our Baltimore City Hall and Maryland Assembly that want to stop the systemic corruption that takes from all these valuable public programs and services.
By Lynn O'Shaughnessy MoneyWatch July 30, 2012, 8:41 AM
Beware colleges' job placement claims
St. Olaf College in Northfield, Minn., pictured above, has among the most comprehensive statistics on the return that college graduates get on their education.
St. Olaf College(MoneyWatch) When checking out colleges, here is a key question that parents and teenagers often ask: Are your graduates finding jobs when they leave this college? And in the same vein, how successful are your alums in getting accepted to graduate school?
Colleges will often respond to those important questions by providing graduation rates and employment rates for their former students. Some schools will even post these figures on their websites.
Trouble is, these statistics are likely to be misleading. While schools eagerly tout great job and grad school placement rates, they aren't diligent about collecting accurate figures.
Why the numbers are suspect
The main problem is that most schools depend on self-reported figures. Schools send out surveys to new alumni, but the return rates for these queries are usually poor. In 2010, more than a third of college and university placement rates were based on responses from no more than half of their graduates, according to the National Association of Colleges and Employers.
The Collegiate Employment Research Institute at Michigan State University notes that this problem is endemic in the higher-ed world. Rates also will vary depending on when they are collected. Some schools survey their students as they are graduating, while others track employment over several months. Hardly any institutions ask graduates if their jobs are related to their field of study or if they are employed part-time, full-time, or serving as interns.
More industrious schools are not just relying on surveys to track graduates. They have also turned to such resources as LinkedIn and Facebook to find out what alums are doing.
A better source of info
The Chronicle of Higher Education has suggested that St. Olaf College, a respected liberal arts college in Northfield, Minn., has perhaps established the most comprehensive statistics on the return that college graduates get on their education. In tracking its grads, the school was able to determine what 92 percent of its 2011 grads were doing. Ninety-eight percent of the surveyed grads were employed, volunteering full-time, or in grad school. What I particularly like about St. Olaf's site is that you can find out what grads were doing by major.
Over at my other college blog, I recently interviewed David Anderson, the president of St. Olaf College, who discussed why the school is committed to providing accurate job and grad school statistics. Here is part of what Anderson had to say:
Students and their families want to be able to evaluate the investment they are going to make in a liberal arts education, just as they would any investment, and it is our responsibility to provide them with clear, accurate, transparent information that enables them to make this evaluation. Part of the relevant data they want to consider is the employment outcomes of our students, so we provided it. Higher ed in general needs to provide more and more transparent information about its operations. This is a good start.
This information is also very helpful to current students who are engaged in vocational discernment and who are helped by seeing what other English majors or philosophy majors [and other liberal arts students] are doing post-Bachelor of Arts.
When you get grad and employment rates from a prospective college, don't assume they are accurate. Ask questions to assess whether the statistics are reliable.
When O'Malley handed Maryland's BGE to yet a larger national energy corporation Exelon there was lots lost. Baltimore ratepayers now are being asked to pay a second time for infrastructure upgrades paid over the decades of monthly bills but never re-invested. Exelon immediately started to outsource work to global corporations and we are forced into SMART METERS --this being the funds 'donated' by Exelon in the merger to held energy efficiency. Besides receiving the $100 million corporate tax break for no reason at all------Exelon tries to look like a good corporate citizens----WE WILL DONATE $1 MILLION TO A CHARTER IN THIS COMMUNITY. Of course the funds are simply going to create a corporate charter for themselves----as we see below. Everywhere Exelon expands----it donates $1 million to itself for its own charter schools which of course has to be a PUBLIC SCHOOL. It will be vocational tracking tied to its business and now Baltimore gets the pleasure of having yet another corporate K-12 taking the place of a public school. The last article shows the same was done in the PEPCO merger -----
Below you see what Obama was doing while State Senator from Chicago----his community organizing was for privatizing K-12 in Chicago.
'Known as the Rowe-Clark Math & Science Academy, the Exelon campus will be the fourth location of the Noble Network of Charter Schools, which opened its first school in 1999'.
Daley, Exelon, Com Ed Leaders Announce New Math Science Academy
(February 8, 2007) Mayor Richard M. Daley and the chief executives of Exelon and ComEd today announced the creation of a new math and science academy in the West Humboldt Park community.
The new school will be funded through gifts of $2 million from the Rowe Family Charitable Trust, created by Exelon Chairman and CEO John Rowe and his wife Jeanne; $2 million from Exelon Corp.; and $200,000 from ComEd Chairman and CEO Frank Clark and his wife, Dr. Vera Clark.
“I want to thank the Rowe and Clark families, and the Exelon Corporation, for their commitment to this new school, a commitment that will continue long after the academy opens its doors,” Daley said at a news conference at the site of the new school, 3645 W. Chicago Ave.
“From the start, our school reform program had the strong backing of Chicago’s business and philanthropic community,” the Mayor said. “That support has increased every year, and that’s one of the main reasons why our schools keep getting better every year.”
Known as the Rowe-Clark Math & Science Academy, the Exelon campus will be the fourth location of the Noble Network of Charter Schools, which opened its first school in 1999.
The new academy will open next fall with a freshman class of 145. All Chicago students entering ninth grade will be eligible for admission, with a lottery determining the final selection if applications exceed slots.
The Exelon Corp. donation was made to the Renaissance Schools Fund, which creates innovative partnerships with the private sector. The fund has raised more than $38 million to help open new Renaissance 2010 schools.
“John Rowe and Frank Clark know something about technology, and they’re well aware of the need for more scientists and engineers to keep our nation competitive in the global economy,” Daley said. “And we shouldn’t have to look to Europe and Asia for these people. We should be producing them right here in the city of Chicago.”
Daley noted that the Chicago Public Schools have long supported charter schools, “because they generate new ideas and new teaching methods. Charter schools are helping Chicago become the national laboratory of innovation for education – a place where the best ideas take root and bloom.”
There are 57 charter schools in Chicago and seven in the rest of Illinois.
Students at the academy will take six year-long math courses over four years, along with four lab sciences. They will spend an additional month in school per year with a curriculum that includes about 33 percent more reading and math instruction. There will also be an after-school or summer math and science program for students from nearby schools in grades 6 through 8.
Exelon employees will serve on an advisory committee to the school and act as mentors. The company will offer internships to some students during their senior year.
This is the same $1 million donated in Baltimore all for its own corporate K-12. Exelon is paying no corporate taxes---it created no new jobs-----
The intent is to have all US public K-12 tied to corporate campuses where workers will live, eat, and children attend school----the literal corporate plantation. Children will be tracked into a vocation by testing in pre-school---the corporations decides---not parent or child. This is third world----not first world---as wages and quality of life fall to that of China----and people are human capital living, eating, and schooling work.
'Foxconn operates as a total institution. Goffman coined this term in the 1960s to refer to organizations where its members live, eat, play, work, and sleep in bureaucratically administered rounds of “batch” existence. Think asylum patients and prison inmates. Foxconn employees aren’t much different'.
Widener University earns $1M grant from PECO, Exelon for charter school
Widener University received a $1 million dollar grant last week from PECO and the Exelon Foundation to fund expanded STEM education programming at the Widener Partnership Charter School. PECO offered $750,000 and the Exelon Foundation gifted $250,000 to be put toward the university’s charter school based in Chester, PA, according to a press release. Widener […]
President of Widener James T. Harris III, PECO SVP and COO Craig Adams, WPCS President & CEO Rosemarie McNeil-Sampson, Exelon Senior Exec. VP and Exelon Utilities CEO Denis Oâ€™Brien, and Exelon Foundation Presdient Steve Solomon display the million dollar check.
Widener University received a $1 million dollar grant last week from PECO and the Exelon Foundation to fund expanded STEM education programming at the Widener Partnership Charter School.
PECO offered $750,000 and the Exelon Foundation gifted $250,000 to be put toward the university’s charter school based in Chester, PA, according to a press release.
Widener launched the school in 2006 in order to improve educational opportunities for seventh and eighth grade students in the area.
The STEM programming involves both afterschool and Saturday supplemental education, as well as a community education program designed to involve parents and caregivers in students’ academic interests. The grant will continue to support this programming and help Widener make STEM-related workshops available to parents, according to a release.
In addition to the monetary grant, PECO employees will also get personally involved with the Chester students by participating in Widener’s afterschool mentoring program.
“These students already believe that they can be world changers, and with the knowledge and resources of such a strong corporate partner like PECO, their dreams and aspirations of becoming scientists, doctors, engineers and community leaders are that much closer to reality,” Widener University President James T. Harris III said in a release.