Rep. Eddie Farnsworth makes a killing in AZ charters

Arizona State Rep. EddieFarnsworth

Arizona Rep. Eddie Farnsworth is just the latest charter school operator to use charter schools as his own personal ATM – one that shoots out public funds, writes Laurie Roberts in the Sept. 11th Arizona Republic. 

 Farnsworth figured out a way to sell his Primavera online charter school business – the one built with taxpayer funds – and make millions on the deal and then likely get himself hired to continue running the operation. He's converted his charter to a non-profit and thus will no longer have to pay property or income taxes.

Sweet plan. Sickeningly so, says Roberts, when you consider that Farnsworth is making his millions off of tax money intended to be used to educate Arizona children.

The Republic’s Craig Harris has spent all year reporting on operators who are getting rich – or at least, making a tidy pile of cash – off publicly funded charter schools, aided by laughable state laws that require hardly any oversight or accountability.

• There’s the Arizona Charter Schools Association’s No. 2 guy, using his position to throw business to a company he co-owns with his wife by giving her the names of students looking for a charter school. She scores a bounty for every student (and the tax dollars that go with that student) she delivers to certain charter schools. 
• There’s BASIS Charters Schools founders Michael and Olga Block, who scored $10 million in fees to manage the charter chain of schools last year.
• There’s American Leadership Academy’s founder Glenn Way, who scored at least $18.4 million profit by getting no-bid contracts to build charter schools thanks largely paid for with public money.
• Then there’s Primavera online school, where most of the public funding has gone not to educate students but to elevate the company’s investment portfolio.

It is a system that allows charter operators like Farnsworth to use taxpayer money to build their private businesses and then turn themselves into millionaires doing things that would send regular public school administrators to prison.

Amazon's Bezos jumps into the school privatization biz. Sees children as 'customers'.

Amazon CEO Jeff Bezos, now considered to be the world’s richest man, took to Twitter Thursday to announce that he and his wife Mackenzie are investing $2 billion to launch new preschools in poor, black and Latino communities.

Bezos vowed to build an organization that will start and operate the preschools, adding that, “I’m excited about that because it will give us the opportunity to learn, invent, and improve.”

Yes, a great opportunity for Bezos.

In the new preschools, “the child will be the customer,” Bezos wrote, a rare use of the business concept about preschoolers. Bezos promised to apply the same principles that have driven Amazon—most important among them, “a genuine, intense customer obsession.”

In July, Bloomberg declared that Bezos was not just the richest man in the world, but the “richest man in modern history” when his net worth exceeded $150 billion.