February 8, 2016

Credit Suisse Analyst Who Touts DeVry Previously Touted Corinthian

trace1

Credit Suisse got the attention of Wall Street last week when it issued a report recommending that investors buy shares in one of the largest for-profit college companies, DeVry Education Group. The report came less than a week after the Federal Trade Commission sued DeVry for allegedly misleading students about job placement rates and salaries for the school’s graduates,
Continue Reading >>>

February 5, 2016

ITT Tech, Settling Shareholder Suits, Pledges Reforms

ITTbldg

Last week, troubled for-profit college company ITT Tech settled a series of lawsuits brought by shareholders that charged ITT with various securities law violations.  Under the agreement, approved preliminarily by Manhattan federal judge J. Paul Oetken on Jan. 29 but still subject to objections by investors, ITT will pay lawyers for the plaintiffs $1.1 million and commit
Continue Reading >>>

February 3, 2016

Dear God Do Not Leave America Alone with Ted Cruz

tedned

Apparently 27.6 percent of Iowa Republican caucus goers — 51,666 people — think Senator Ted Cruz of Texas should be President of the United States. That made him the biggest winner coming out of Iowa, heading into the crucial New Hampshire primary. Heaven help us if Ted Cruz becomes President. I’m not referring to his
Continue Reading >>>

February 1, 2016

Military-Branded Websites Push Veterans to Troubled For-Profit Colleges

militaryquinst

In a well-publicized 2012 action, the attorneys general of 20 U.S. states stopped a company called QuinStreet from using a military-branded website, GIBill.com, to steer American veterans to controversial for-profit colleges. But it turns out that marketers, including QuinStreet itself, have continued to engage in similar practices since then. Websites such as Military.com and GIJobs.com still push
Continue Reading >>>