The Real Looters are Donald Trump, Betsy DeVoss, and brother Erik Prince

THESE ARE THE REAL LOOTERS

The ‘ultra-rich’ have been ‘looting’ for 40 years, amid looting of businesses and banks

The worst looting that took place happened a few weeks ago when corporations collected over 500 billion dollars in stimulus money while everyone else was left with a $1200 dollar check and having to decide if they pay for food or rent. You’d think a country that can equip every cop like a soldier could equip every doctor like a doctor. Surveillance capitalism, Job automation,  Another auto industry crash. The pandemic is compressing and accelerating trends that would have taken decades to play out. MALL of AMERICA in Minnesota announced it will miss 2nd payment on its $1.4 billion mortgage. An intelligent question is “Who is not getting paid?” Dominos starting to fall. IMF says debt will rise from $6 trillion to $66 trillion by end of 2020. Buy Gold Silver & Bitcoin.Congrats to the Space-X astronauts who have picked an excellent time to leave Earth.
The Maddening Dishonesty of the New York Times Op-Ed Editor. They constantly legitimize hideous opinions in the name of “open debate.”
I was curious about how the New York Times covered the rise of Hitler. I wondered whether their sense of “journalistic neutrality” prevented them from telling the truth about fascism and exposing Nazism for what it was. And when I looked in the archives, sure enough, it was full of everything from neutral horse-race articles to flattering profiles that minimized Hitler’s anti-Semitism and never called his terrifying ideology what it was. (“Hitler is a man of the people, a carpenter by trade… His entire being breathes dynamic energy combined with a marked reserve.”) Hitler himself even got a byline in the Times when it excerpted Mein Kampf in 1941 (not sympathetically, but it is still strange to see “by Adolf Hitler” in front of a Times article).

The Facebook president and Zuck’s racist rulebook

AS Donald Trump heads to Maine today, the Portland @PressHerald tells him to resign. “He lacks the character, maturity and judgment to lead the country in a perilous time.” #TrumpResignNow

BETSY DEVOS Inside the Financial Holdings of Billionaire Betsy DeVos

Friday, January 20, 2017, the U.S. Office of Government Ethics, or OGE, released the paperwork and pledge for President Donald Trump’s secretary of education nominee Betsy DeVos. The 108-page document is rife with private equity and hedge fund investments that are opaque to the public.
Overall, DeVos’ paperwork showcases an extensive web of investments, several of which raise eyebrows. She has investments in companies that hound students to pay their federal loan debts, as well as in psychiatric hospitals under federal investigation for Medicare fraud. She also has more than $1 million in an undisclosed venture related to education. And although her filings do not show any direct ownership stake in a private for-profit college, she has chosen to put some of her money into firms that are invested in that industry.

The Charter Schools Program (CSP) is a long-running federal grant program aimed at helping the charter school industry with new start-ups and expansions. It has had some serious problems with waste and fraud in the past, but Secretary of Education Betsy DeVos announced Friday that CSP will be awarding$65 million in grants to thirteen charter management organizations—some of which have had problems of their own.

Since 1995, CSP has distributed about $4 billion. A study by the Network for Public Education found that roughly $1 billion on that had been lost to waste and fraud, including charters that accepted grants and soon closed, or never even opened. A follow-up study found that nearly 1800 charter schools had failed after accepting CSP grants. The report has been criticized for some small errors, but the source of key data for the study was Betsy DeVos. To date, there has been no real debunking of the major findings of the report. But DeVos herself has repeatedly dismissed the study (”I’m not sure you can really call it a study”) and claimed it is just the product of people with a political agenda.

extensive self-dealing, with school founders essentially renting properties from themselves, all tied to a pair of brothers who had built a small real estate empire in Florida. If nothing else, Mater’s early history is a reminder that there are many ways to turn a profit from a non-profit charter, and real estate dealings are among the best.

Responsive Education Solutions is another Texas-based charter company set to receive a hefty CSP grant ($14 million). RES is notable for its strong connections to the creationist movement. In 2014, Zack Kopplin published an investigation at Slate:

When public-school students enrolled in Texas’ largest charter program open their biology workbooks, they will read that the fossil record is “sketchy.”That evolution is “dogma” and an “unproved theory” with no experimental basis. They will be told that leading scientists dispute the mechanisms of evolution and the age of the Earth. These are all lies.

BROTHER ERIK PRINCE

Betsy Devos Brother founder of Blackwater

K12 Department of Education #BetsyDevos Brother Founder Of Blackwater, Is Setting Up A Private Army For China

ALT RIGHT founder of the private military company Blackwater USA, now called Academi served as Blackwater’s CEO until 2009 and as its chairman until its sale to a group of investors in 2010. Prince now heads the private equity firm Frontier Resource Group.

Twitter Tried to Curb Abuse. Now It Has to Handle the Backlash
The Project Veritas videos are embarrassing, but mean Twitter is doing something right.

Blackwater founder Erik Prince’s new company is building concentration camp  for UYGHURS  a “re education” in  Xinjiang China. The Turkic-speaking Muslim Uighurs were traditionally the dominant ethnic group in the region whose Mandarin name, Xinjiang, means simply “New Frontier” — perhaps a reflection of the fact that the region was only brought under Beijing’s control in its entirety during the 19th century rein of the Qing dynasty.

Blackwater Renames Itself

Prince now heads the private equity firm Frontier Resource Group

Blackwater Founder’s New Company Strikes a Deal in China. … of a deal by Frontier Services Group to build a concentration camp over a million people in Xinjiang in northwestern China, that Chinese Communist Party calls a “re education camp” Just like Chairman Mao did. Hong Kong-listed Frontier Services Group (FSG), co-founded by former U.S. military services contractor Erik Prince, has signed a deal to build a training base in China’s far western region of Xinjiang, the company said in a statement.

Erik Prince Recruits Ex-Spies to Help Infiltrate Liberal Groups

Prince, a contractor close to the Trump administration, contacted veteran spies for operations by Project Veritas, #projectveritas.com the conservative group known for conducting stings on news organizations and other groups.

BlackRock Is Bailing Out Its ETFs with Fed Money and Taxpayers Eating Losses;

It’s Also the Sole Manager for $335 Billion of Federal Employees’
Retirement Funds ` By Pam Martens and Russ Martens: June 4, 2020 Laurence (Larry) Fink, Chairman and CEO, BlackRock
BlackRock, the international investment management firm run by billionaire Larry Fink, has played an outsized role in Federal Reserve bailouts of Wall Street. As it turns out, it’s also been quietly managing hundreds of billions of dollars for more than […]

[ECP] Educational CyberPlayGround NetHappenings Newsletter 5-13-2020

BlackRock Begins Buying Junk Bond ETFs for the Fed Today: It’s Already at Work for the Central Bank of Israel

Trump, Betsy DeVos, and brother Erik Prince lead the worst Hate Group Families

Betsy Devos found in Contempt fined $100,000 for hurting kids.

Secretary of Education Betsy DeVos in contempt of court

STILL Enforcing Loans On Defrauded College Students.

The government will pay the $100,000, and DeVos will not be personally responsible for the sum.

Ten third-party contractors were involved in collecting the loans, and the judge’s opinion notes that the Education Department didn’t do much to make sure it followed the orders, beyond sending a few emails.

It’s rare for a judge to find a Cabinet secretary in contempt of court. Sen. Elizabeth Warren, a presidential candidate, has called for DeVos to resign over this issue.

the Education Department was supposed to simply refund all the money borrowed by students who attended Corinthian during the time it was making false claims.

DeVos Won’t stop  collecting loans from former students of a now-defunct chain of for-profit colleges.

$100,000 will go toward various remedies and legal expenses for students who are owed debt relief from the Education Department after Corinthian Colleges collapsed in 2014, according to the ruling.

more

Toby Merrill, the Harvard University lawyer and director of the Project on Predatory Student Lending who brought about the class action suit on behalf of 80,000 affected students against the Education Department. Harvard Law School
https://www.newsweek.com/education-secretary-betsy-devos-contempt-court-student-loan-scandal-1467672

https://www.npr.org/2019/10/25/773334681/devos-held-in-contempt-of-court-ed-department-fined-100-000-in-student-loan-case

The Project on Predatory Student Lending represents the students in the lawsuit.
https://nationalinterest.org/blog/buzz/judge-fines-devos-100000-contempt-court-91521

Top Betsy DeVos appointee abruptly quits, calls for canceling $925 billion in student loan debt

Trump’s top student loan official resigns — and immediately calls for ditching “fundamentally broken” loan system.

A. Wayne Johnson was appointed by DeVos in 2017 as chief operating officer of the Office of Federal Student Aid, which oversees the more than $1.5 trillion in student debt accrued by millions of Americans. He later moved into a different position, leading an effort to overhaul how the agency handles borrowers and lenders.

A. Wayne Johnson appointed by Secretary Betsy DeVos abruptly announced his resignation on Thursday and called for the cancellation of more than $900 billion in student loan debt.

Johnson told the outlet that repayment trends suggest that much of the outstanding debt will never be repaid and called for an overhaul of the entire student lending system.

Johnson  hopes to be appointed to the Senate seat in Georgia  by Gov. Brian Kemp, a Republican, but will run for the seat in the next election if he is not selected.

Johnson’s plan would forgive more debt than the plan proposed by Sen. Elizabeth Warren, D-Mass., which would cancel all debt up to $50,000 for families earning under $100,000 per year. Johnson’s plan, which has no income cap, would fall short of the plan proposed by Sen. Bernie Sanders, I-Vt., who has called for the cancellation of all student debt.

Rep. Robert C. “Bobby” Scott (D-Va.), chairman of the House Education Committee, is threatening to subpoena Education Secretary Betsy DeVos for more documents related to the department’s role in Dream Center’s actions. Scott says the agency has obstructed the committee’s investigation and refused to answer questions, as emails and letters paint a picture of a federal agency complicit in an effort to place profits before students

Trump administration let nearly $11 million in student aid go to unaccredited for-profit colleges

Mounting evidence shows the Trump administration took extraordinary steps to keep two Art Institute campuses accredited after both lost the designation and access to federal student aid. Now one former student is suing the Education Department for violating its own rules.

https://www.educationdive.com/news/facing-insolvency-dream-center-is-unloading-art-institutes/546114/

Turmoil at Dream Center Colleges Spills Open With Seattle “At-Risk” Designation