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Student Loan Defaults Reach Highest Level In More Than A Decade

Chris Kirkham | December 6, 2017 | Business
Students at for-profit colleges are more than twice as likely to default on federal loans as their peers at public institutions, according to new data released Monday by the Department of Education that also shows the highest percentage of students defaulting on loans in more than a decade....

After 9/11, A New Era In The Business Of Detaining Immigrants

Chris Kirkham | December 6, 2017 | Business
This article has been updated On a conference call with investors less than two months after the Sept. 11 terrorist attacks, Wall Street executive Steve Logan predicted a new era of unbridled growth for his industry: the for-profit prison business. "It is clear that since Sept. 11, there's a heightened...

After 9/11, A New Era In The Business Of Detaining Immigrants

Chris Kirkham | December 6, 2017 | Business
This article has been updated On a conference call with investors less than two months after the Sept. 11 terrorist attacks, Wall Street executive Steve Logan predicted a new era of unbridled growth for his industry: the for-profit prison business. "It is clear that since Sept. 11, there's a heightened...

As Hurricane Irene Approaches New York, Coney Island Shop Finally Closes Its Doors

Chris Kirkham | December 6, 2017 | New York
CONEY ISLAND, New York -- Long after Crown Fried Chicken and Bargain Land were shuttered on Saturday in preparation for Hurricane Irene, the Five Deli Grocery on Mermaid Avenue served as the final neighborhood lifeline for holdouts in search of last-minute beers or cold cuts. "The storm’s nowhere near here,...

Stock Market Losses Threaten Economic Recovery As Household Wealth Takes Another Hit

Chris Kirkham | October 10, 2011 | Business
With consumer spending already declining in recent months, economists say the plunge in the stock markets over the past month could deal another significant blow to Americans' spending habits -- a threat that could imperil any meaningful economic recovery. As trillions in household wealth has been erased over...

Stock Market Losses Threaten Economic Recovery As Household Wealth Takes Another Hit

Chris Kirkham | October 10, 2011 | Business
With consumer spending already declining in recent months, economists say the plunge in the stock markets over the past month could deal another significant blow to Americans' spending habits -- a threat that could imperil any meaningful economic recovery. As trillions in household wealth has been erased over...

For-Profit College Corporation Accused Of Violating Federal Law By States, Justice Department

Chris Kirkham | December 6, 2017 | Business
The U.S. Justice Department and four states sued the nation’s second-largest for-profit college corporation on Monday, alleging in a wide-ranging complaint that Education Management Corp. violated federal laws by giving bonuses and raises to college recruiters based entirely on the number of students they enrolled. By unlawfully incentivizing its sales...

For-Profit College Corporation Accused Of Violating Federal Law By States, Justice Department

Chris Kirkham | December 6, 2017 | Business
The U.S. Justice Department and four states sued the nation’s second-largest for-profit college corporation on Monday, alleging in a wide-ranging complaint that Education Management Corp. violated federal laws by giving bonuses and raises to college recruiters based entirely on the number of students they enrolled. By unlawfully incentivizing its sales...

For-Profit Colleges Draw Minorities, Stir Murky Debate On Student Success

Chris Kirkham | October 2, 2011 | Black Voices
At a June Senate hearing on high student debt levels at for-profit colleges, civil rights advocate Wade Henderson pointedly criticized what he called the "cruel," "unjust" and "immoral" attempts by some for-profit colleges to actively recruit low-income minority students with assurances of bettering their lives through college education. "The deceptive...

For-Profit College Chain In Kentucky Accused Of Cheating Students Out Of Financial Aid

Chris Kirkham | December 6, 2017 | Business
The Kentucky Attorney General filed suit Wednesday against a chain of for-profit colleges in the state, claiming that administrators at Daymar Colleges have consistently deceived students by making false promises about the ability to transfer course credits and have forced them to purchase textbooks and supplies at substantially marked-up rates....

For-Profit College Lobbying Group Sues Obama Administration Over Regulations

Chris Kirkham | September 19, 2011 | Business
More than a month after the Obama administration issued weaker-than-expected regulations aimed at reining in abuses at some for-profit colleges, a trade association for the industry filed a lawsuit on Wednesday seeking to strike down the new rules governing excessive student debt. The lawsuit is a perplexing move...

University of Phoenix Founder John Sperling Sells $59 Million In Stock As Shares Soar

Chris Kirkham | September 12, 2011 | Business
In the six weeks since the Obama administration issued weaker-than-expected rules governing student debt at for-profit colleges, the University of Phoenix's founder and executive board chairman has cashed out more than $59 million of the school's parent company's stock, according to filings with the Securities and Exchange Commission. The company's...

For-Profit Universities Poised To Expand In UK Under Government Deregulation

Chris Kirkham | September 4, 2011 | UK
After rapidly expanding in controversial fashion in the United States, the for-profit higher education industry is moving abroad. Numerous American corporations are poised to expand in the United Kingdom, if changes being considered by the government are passed into law. British university funding has been largely the domain of...

Washington Post Company Family Nets $10 Million In Stock Sale After For-Profit Regulations Released Earlier This Month

Chris Kirkham | August 20, 2011 | Business
In the days after the Obama administration issued a set of watered-down regulations governing the for-profit college industry earlier this month, Washington Post Company Chairman and Chief Executive Donald Graham, one of the top executives in the for-profit college industry, sold off millions of dollars in stocks held in trusts...

Washington Post Company Family Nets $10 Million In Stock Sale After For-Profit Regulations Released Earlier This Month

Chris Kirkham | August 20, 2011 | Business
In the days after the Obama administration issued a set of watered-down regulations governing the for-profit college industry earlier this month, Washington Post Company Chairman and Chief Executive Donald Graham, one of the top executives in the for-profit college industry, sold off millions of dollars in stocks held in trusts...

Obama Administration Caved On For-Profit College Regulations, Insiders Say

Chris Kirkham | August 16, 2011 | Business
A year ago, the Obama administration crafted a set of proposed regulations aimed at limiting abuses by the swiftly growing for-profit college industry. The initial draft threatened severe consequences for institutions that churned out large numbers of graduates with outsized debts and meager job prospects: Schools would quickly...

Obama Administration Caved On For-Profit College Regulations, Insiders Say

Chris Kirkham | August 16, 2011 | Business
A year ago, the Obama administration crafted a set of proposed regulations aimed at limiting abuses by the swiftly growing for-profit college industry. The initial draft threatened severe consequences for institutions that churned out large numbers of graduates with outsized debts and meager job prospects: Schools would quickly...

Sarah Palin's Arizona Home Purchase Clouded By Foreclosure Fraud, Analysis Finds

Chris Kirkham | August 10, 2011 | Business
Sarah Palin’s growing list of titles –- author, documentary subject, roving bus tour host –- just got bigger. She may now be able to add "mortgage fraud victim" to her resume. The conservative celebrity invested in a company that paid $1.7 million for an Arizona home with a title tainted...

In Historic Flooding On Mississippi River, A Missed Opportunity To Rebuild Louisiana

Chris Kirkham | December 6, 2017 | Business
PLAQUEMINES PARISH, La. -- For decades, a mixture of industrial development and erosion has carved away at southern Louisiana, eliminating nearly 2,000 square miles of land and making the area increasingly vulnerable to storms that sweep in from the Gulf of Mexico. Every day the Mississippi River delivers the raw...

In Historic Flooding On Mississippi River, A Missed Opportunity To Rebuild Louisiana

Chris Kirkham | December 6, 2017 | Business
PLAQUEMINES PARISH, La. -- For decades, a mixture of industrial development and erosion has carved away at southern Louisiana, eliminating nearly 2,000 square miles of land and making the area increasingly vulnerable to storms that sweep in from the Gulf of Mexico. Every day the Mississippi River delivers the raw...
All posts from 09.12.2011