ITT Educational Services Inc. Abruptly Shuts Down

Taxpayers have sent billions of dollars to the company since 2010. Source: ITT Technical Institutes Shuts Down, Leaving a Hefty Bill The government annually doles out more than $100 billion in loans and grants to students. Colleges rarely face any consequences if their students fail to graduate or subsequently default on their debt. But an … More ITT Educational Services Inc. Abruptly Shuts Down

Is Bill Clinton’s name worth $18 million? It is if you are a for-profit college.

The ex-president’s contract showed how his charity work overlapped with the Clintons’ private and public lives. Source: Inside Bill Clinton’s nearly $18 million job as ‘honorary chancellor’ of a for-profit college Billionaire George Soros, Microsoft co-founder Paul Allen and private equity investor Henry Kravis all financially back Laureate Education University.  The company paid former President … More Is Bill Clinton’s name worth $18 million? It is if you are a for-profit college.

Class action lawsuit for alleged child labour in the chocolate industry

BBC interview with class action lawyer Steve Berman who is suing Big Chocolate for using child slave labor Source: Chocolate class action for alleged child labour, Newsday – BBC World Service Consumers in the US state of California have filed a class action lawsuit against Nestlé, Mars and Hershey’s for alleged child slave labour used … More Class action lawsuit for alleged child labour in the chocolate industry

Retail sales growth crippled by $1.3 trillion in student loans

Student debt obligations require an estimated $160 billion in annual payments. Source: $1.3 trillion in student loan debt is crippling retail sales growth Student debt obligations are growing faster than the average salaries for recent graduates, and require an estimated $160 billion in annual payments, according to new analysis from Moody’s. That’s $40 billion greater … More Retail sales growth crippled by $1.3 trillion in student loans