Billionaire Arnold Backs Both Sides in Rhode Island Race

Originally posted on Diane Ravitch's blog:

Texas billionaire John Arnold, who has drawn attention for his interest in public sector pension reform (meaning that public sector pensions are too generous), is supporting both sides of the gubernatorial race in Rhode Island.

David Sirota wrote about how the Arnold Foundation underwrote a PBS special on the pension crisis and underwrote a Brookings Institution report on the same subject. PBS returned $3.5 million to the foundation because of Sirota’s disclosure.

Arnold is also a major supporter of charter schools, Common Core, and other “reforms” favored by corporate reformers.

The Providence Journal reports:

” PROVIDENCE, R.I. – Billionaire Houston philanthropist John Arnold is not only investing heavily in the political future of state General Treasurer and gubernatorial candidate Gina Raimondo — he’s also backing a national education effort showcasing her Democratic rival: Providence Mayor Angel Taveras.

“Arnold’s philanthropic organization, the Laura and John Arnold Foundation, has awarded $4.25…

View original 180 more words

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s