so, the receivership is not the answer. it is here. now it is law. >> so you have to make it work. >> so now we have to make it work. but we have to view it from the community. the community voice is key to changing things around. like i said before, hempstead, roosevelt, wyandanch, central islip, they're not the same. the same approach is not gonna be the answer for each school district. and that's why it is important to hear the community's voice and the stakeholders to know what is needed. is it more esl classes? is it more health clinics in your schools? is it a saturday academy so that way, students who maybe parents came and don't speak english can bring them there to help them with their homework over the weekend? >> do you feel like, under receivership, that someone is turning a deaf ear to the fact is it your concern in part that the easy way out for the state is to treat all the schools the same instead of taking the time and energy, or pushing the receiver, the superintendents, to take the time and energy, in this case, to f

i worked in oakland when they were under state receivership. i do not want to have a bureaucrat or accountant making decisions that are based on numbers and not children. >> if we do have a strike, where am i going to do with my kids? allow them to go into classrooms with teacher substitutes who really aren't familiar with their learning? >> and sonja was also here yesterday, you're looking at video from yesterday. she pulled her three kids out of school and said parents are protesting because they already lost high-quality teachers. talks started spring last year. now both sides are waiting for the fact-finding process where a panel hears both sides and makes a decision. that hearing is set for january 20th. if talks don't work out, that's when a strike could happen. and it will be more than a month after that until findings are made public. the superintendent is hoping to come to a resolution before that. day two here, plenty of students out of school and with their parents. people not giving up on what they say is right for their district. l

lemonis: so, why is it in receivership? erik: they took the shares.onis: so, is this somebody that has 2% or 3% or...? erik: no, this guy's got 46%. lemonis: i'm sorry? erik: 46%. lemonis: but who is the investor? erik: that was paul schumack. lemonis: is he local? erik: no. i don't know where the guy is. i don't talk to him. lemonis: the second largest shareholder of your company... erik: it's not my concern. lemonis: ...you no longer talk to. you're not wondering what happened? erik: no. i know something happened to him. i don't know the details of the transaction. lemonis: well, it would be public records. can we look it up? erik: absolutely. lemonis: all i typed in was "paul schumack, florida." holy [bleep] this is from the u.s. securities and exchange commission. erik: i see who it's from. lemonis: "criminal authorities halt florida-based ponzi scheme targeting investors through youtube videos"? you didn't tell me that these people -- erik: i don't understand why you're so distraught. lemonis: you never told me that you had a partnership with a g

. >> i cannot make -- support decisions that will bankrupt the district and put us into state receivership. >> kids don't show up, the state doesn't give the district money. a fact finding hearing is set for january. >>> it's expensive to be a parent. childcare costs continue to climb. a report by childcare aware, a website for parents, shows childcare can cost $17,000 a year for an infant. that's more than what an average family pays for housing each year. the average cost of one year of tuition at a four-year college. >>> get ready to binge watch. netflix said there will be 31 scripted series compared to 16 this year. orange is the new black and standup comedy specials will continue. original shows make it easier to reach a global audience. >>> a somber day for a well-known bay area company. co-founder of the north bay, doug thompkins was killed after a kayaking accident in chile. officials say the 72-year-old died from severe hypothermia after his kayak capsized. he founded the north face in 1966 in san francisco. the company is now headquartered in alameda. >>> let's talk about the nex