For-Profit Education Stocks Rise as GOP Opposes Tighter Rules

[Joanne98]

Source: Bloomberg

Representative John Kline, the Republican who will head the House Education Committee, said he opposes tighter rules for the for-profit education industry, sending company shares higher.

“I would push back really hard against a bill that might come out of Chairman Harkin’s committee,” Kline, of Minnesota, told Reuters, referring to Senator Tom Harkin, the Iowa Democrat who heads the Senate education committee. Harkin has commissioned a government probe of for-profit colleges and held hearings on their sales tactics, use of government funds and program quality.

A measure of 13 education company stocks advanced 2.6 percent at 4 p.m. New York time. Bridgepoint Education Inc. and Strayer Education Inc. gained the most, both adding 5.4 percent.

For-profit colleges have come under growing scrutiny as Secretary Arne Duncan prepares industry regulations and Senate and House committees examine how for-profit colleges mislead applicants, target veterans and register student default rates at least double those of traditional universities. Republicans are raising objections to tougher regulations as they prepare to take control of the House of Representatives in January.



Read more: http://www.bloomberg.com/news/2010-12-10/for-profit-education-shares-rise-as-kline-reiterates-opposition-to-rules.html

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The conservative's secret plan is to bankrupt the schools at the state level, close them, sell the properties off for pennies on the dollar to corporate schools. Then the corporate schools will re-open them and collect TAXES from local property owners.

I want all the conservative FILTH to know.....

I WILL NEVER PAY TAXES TO A CORPORATION!

AND NEITHER WILL ANYBODY ELSE!

[msongs]

1. sorry too late, the government is run by corporations for corporations nt

[Dinger]

2. Obama & duncan Love It Too

And it sucks ass.:mad:

[proud2BlibKansan]

3. Better tell your president

His education policies are enabling this crap.

[ananda]

4. Umm. I hate to break it to you.

But you're already paying taxes to corporations.

[October]

5. So true.

[fascisthunter]

6. "you're already paying taxes to corporations"

more people need to think about that line. I don't think socialism is the problem in this country, hell, we are way too far to the right for that to be even possible.

[glinda]

7. Yup. Every time they build a Walmart near you also. And just think how

nice education will be once Murdoch has his books in there and the "Religious" emphasis that will run rampant.

[mwb970]

8. That's what our schools need. More religion.

I'm sure spending lots of time praying and singing hymns would make our kids much smarter than they are now.

:eyes:

[fasttense]

9. It must be Senators and Representatives doing some day trading from their offices.

Which is perfectly legal and perfectly immoral.

[Modern School]

10. For Profit Ed Stocks Soar

This is more of the same Ed Deform game that has become so popular lately.

Unfortunately, you are already paying taxes to corporations. Every subsidy to Big Ag, Big Petrol, Big Pharma come from your taxes and go directly into their pockets. Charter schools are funded through state and local tax revenues and much of this funding also goes directly to corporations.

In terms of privatization and the Ed Deform movement to reroute tax dollars to private ed companies, please see http://modeducation.blogspot.com/2010/11/parent-triggers-people-power-or.html
and http://modeducation.blogspot.com/2010/11/global-privatization-of-education.html
and http://modeducation.blogspot.com/2010/11/wall-street-take-over-of-public-schools.html