Re: Edison Stock Tanks While Touts Say "Buy"

["George N. Schmidt" <Csubstance@AOL.COM>]

In a message dated 2/13/02 7:57:03 PM, PeggyKelli56@AOL.COM writes:

<< Mcgraw -Hill already
assesses us and will be the co. that decides failing schools right???? >>

Right. If you get to Standard and Poor's (owned by McGraw Hill) they now have
a Website up touting their school evaluation services (which your state can
buy for only $2.5 million to start). So far, they only highlight two states
(Pennsylvania and Michigan) on their map, and most of the Website is dark.
But they are serious about moving across all 50 states, and they are hyping
their unique qualifications to do this (based, of course, on "objective"
measures like test scores).

The same unique qualifications that kept them rating Enron bonds above junk
until the week before Chapter 11 and which caused them to tout Tyco as a good
stock pick for 2002 on New Year's Day.

The S & P Schools Index (complete with all the side hype and the tie in to
your local real estate broker) will be coming soon to a school board near
you. I'm betting they'll spend at least half their budget on their sales
force and on marketing and lobbying. Maybe we should start to contact our
state senators and reps now and just post: "No S&P Schools Ripoffs in our
state!"

George Schmidt

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