With so much debate and discussion over charter schools lately, EarlyStories found it fascinating to read the New York Times style piece Sunday, entitled, "Scholarly Investments.''

First thought: What on earth is a story about charter schools doing on the style page? The answer of course, can be seen in the picture of Ravenel Boykin Curry IV, who helped found two Girls Preparatory Charter Schools, posing with six uniformed young students in the Bronx.

Turns out that well connected, socialite hedge fund managers like Curry are are embracing charter schools as their new cause; these maverick investors have decided they like this new model -- whatever that means. So now it's in vogue to be supportive of charters in the largest school system in the U.S., with more than 1.1 million public school children -- although according to the story, only about 30,000, or 2.5 percent of them, attend attend charters.

So why are the money folks choosing charters instead of embracing some of the other struggling public schools, many of which could use an infusion of hedge fund cash at a time of deep budget cuts?

Because, according to Nancy Hass of the Times, "their obsession — one shared with many other hedge funders — is creating charter schools, the tax-funded, independently run schools that they see as an entrepreneurial answer to the nation’s education woes.''

Curry himself explained that hedge fund mavericks see charter schools as “exactly the kind of investment people in our industry spend our days trying to stumble on.''

The story did not explain why the wealthy fund managers are attracted to the type of education that charter schools offer, or how it differs from what happens in some of the 1,600 New York City public schools. Are they excited about the quality of teaching and learning, and the success of students? It did point out that studies on the effectiveness of charter schools differ in their conclusions.

One manager suggested the attraction has to do with the way charter schools rely "on metrics and tests to measure progress,'' -- a concept that is also deeply ingrained in the public school culture in the aftermath of No Child Left Behind, and also part of U .S. Secretary of Education Arne Duncan's education agenda. (He is also a big fan of charter schools)

The hedge fund managers appear to be excited by the notion that charter schools are “scalable,” with models that could be emulated in many communities that have long waiting lists of parents looking for free alternatives. Charter schools, for the record, also pay their employees differently and don't choose their staffs from teachers unions.

There are many good questions that should be raised here, and the style piece attempted to raise some of them. EarlyStories can't help but want to see more journalists spending time in charter schools, starting in pre-kindergarten if at all possible, to let the public know how these schools are different. Are they changing lives for children? How so?