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Benefactors Bail Out ICEF Charter Schools
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Benefactors Bail Out ICEF Charter Schools

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Fifteen charter schools got a new lease on life today with $10.5 million from Richard Riordan, Eli Broad and other local philanthropists. ICEF Public Schools will now be able to stay open, with the aim of getting inner city kids into top colleges. We hear about academics and enrichment programs from motivated students and inspiring teachers. But, does ICEF cherry pick the best students, making the job of traditional public schools that much harder? With all that outside money, are they still community based?  On our rebroadcast of today's To the Point, House Democrats say they won't let President Obama make what they call "another mistake," and have voted to hold up his deal with Republicans. Where does that leave tax cuts, unemployment benefits and the President's leadership?


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Benefactors Bail Out ICEF Charter Schools ()

Fifteen charters schools that were about to go out of business got a $10.5 million bailout today. After Mike Piscal founded the Inner City Education Foundation in 1994, it earned a good reputation but, despite that, it’s been on the verge of bankruptcy.  Now ICEF schools will stay open, thanks to $2 million each from Eli Broad and Palmer Murray of the Otis Booth Foundation, with additional contributions from several others. Former LA Mayor Richard Riordan has come up with $2.2 million.  He’s chair of the ICEF Board.

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Obama Tax-Cut Deal with GOP Faces Opposition from House Dems ()

Supporters of President Obama's tax-cut deal with Republicans are calling it another stimulus measure.  Democrats say Vice President Biden told them it's a "take it or leave it" deal.  But today the House caucus voted not to debate it in its present form.

 

 

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Which Way L.A.? is made possible in part by the Ralph M. Parsons Foundation, the Nathan Cummings Foundation, and the John Randolph Haynes and Dora Haynes Foundation, which supports study and research into policy issues of the Los Angeles region.

 

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