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Thursday, March 10, 2011

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The Libyan Dictatorship Partially Owns the Company Scoring Your Kids' Standardized Tests

DAN DIMAGGIO FOR BUZZFLASH AT TRUTHOUT
Last week the New York Times ran a stunning piece about the investments made by the Libyan dictatorship's sovereign wealth fund. According to the article, the fund owns a 3.27 percent stake (valued at $453 million) in Pearson, publishers of the Economist, the Financial Times, and Penguin Books, making it the company's third largest shareholder.
What the Times does not mention is that Pearson is also one of the biggest standardized testing companies in the U.S., touting themselves on their website as "the largest commercial processor of student assessments." They score statewide tests for 30 states, as well as the SATs and ACTs. In fact, Pearson's North American education division is responsible for almost half the company's profits....................

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