As 4-methylcyclohexane methanol (MCHM), a coal-processing chemical, leaked into the Elk River in West Virginia last month, the health effects of the substance were not, and are still not, clear. Both federal and state officials know little about the chemical, even though it has been in use for decades. And if Eastman Chemical Company, the
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Last August, a Minnesota jury awarded Heidi Weber, a former dean at for-profit Globe University, $395,000 in damages against the school. Weber alleged that she was fired for complaining that Globe used false job placement statistics and engaged in other misconduct to recruit students. On Tuesday, the trial judge in the case rejected Globe’s motion
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The news that cable and news giant Comcast has struck a deal to purchase Time Warner, another large cable business, has raised concerns over market concentration. Observers note that the combined company, even if it divests some holdings, would create monopoly-like conditions for the industry. Many are predicting a lobbying blitz by both companies to
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Bank lobbyist Charlie Black occupies a warm place in Congressman Jeb Hensarling’s heart. “Charlie taught me a lot about politics, taught me a lot about legislation, and I’ve always sought his advice and counsel. He just does such a great job and demands so much respect on Capitol Hill,” says Hensarling in a video recorded
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As veterans return home to earn a college degree, many say they have been defrauded out of their education benefits from a company chaired by none other than retired general and former Secretary of State Colin Powell. Powell is the chairman of the advisory board to Leeds Equity Partners, an investment firm that co-owns for-profit
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The second largest for-profit college company, Pittsburgh-based Education Management Corporation (EDMC), is facing severe challenges. The company, 41 percent owned by Goldman Sachs, held a conference call for investors last week, and the data was not good — enrollment and revenue remain down. Market analyst reaction was lukewarm at best, and the company’s stock price plunged
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A year ago, if you were Jack Massimino, CEO of  Corinthian Colleges, you might have been feeling pretty good.  Despite extensive evidence from congressional and media investigations that Corinthian, along with other big for-profit colleges, has been abusing students — luring them with deceptive recruiting, offering high-priced, low quality programs, and often leaving them without
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Developments are happening at lightning speed on for-profit college issues. This morning: 1. The Department of Veterans affairs launched a new website, the GI Bill Comparison Tool, allowing vets, and to some extent other students, to compare college options. The initiative is part of action on President Obama’s 2012 executive order to protect vets and current service
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