Some investors have finally figured out that for-profit education is a scam: Daily Bullshit, May 10, 2016

For-profit education

In taking the parent company of the University of Phoenix (which apparently really is headquartered in Phoenix) private, management shelters itself from some public scrutiny while allegedly attempting to rebuild public confidence.[1] Here’s the money line, buried way, way down:

“Many financial investors have refused to consider investing in proprietary education and there is an extremely limited number of strategic investors with both the market capitalization to undertake an acquisition of the company [Apollo Education] and the ability or willingness to withstand the additional regulatory challenges arising from such a transaction,” the company wrote in March.[2]

Ronald J. Hansen, “University of Phoenix investors OK sale to private backers,” Arizona Republic, May 9, 2016, http://www.azcentral.com/story/money/business/economy/2016/05/06/university-phoenix-investors-ok-sale-private-backers/83997578/


Bitcoin

Adrian Chen, “We Need to Know Who Satoshi Nakamoto Is,” New Yorker, May 9, 2016, http://www.newyorker.com/business/currency/we-need-to-know-who-satoshi-nakamoto-is

Footnotes

  1. [1]Ronald J. Hansen, “University of Phoenix investors OK sale to private backers,” Arizona Republic, May 9, 2016, http://www.azcentral.com/story/money/business/economy/2016/05/06/university-phoenix-investors-ok-sale-private-backers/83997578/
  2. [2]Ronald J. Hansen, “University of Phoenix investors OK sale to private backers,” Arizona Republic, May 9, 2016, http://www.azcentral.com/story/money/business/economy/2016/05/06/university-phoenix-investors-ok-sale-private-backers/83997578/

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