| COLLEGES THAT FAILED THE EDUCATION DEPARTMENT'S FINANCIAL-RESPONSIBILITY TEST These 114 private, nonprofit, degree-granting institutions scored below 1.5, the passing level.
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http://chronicle.com
PS - for a better view of the list, see it here.
Showing posts with label Economics. Show all posts
Showing posts with label Economics. Show all posts
Friday, June 5, 2009
4 CoC Related Schools in Financial Jeopardy
The US Dept. of Education's "Financial Responsibility Test" was recently announced. This test indicates that according to certain ratios, a private higher education institution may be at risk for failure. These schools are subject to extra monitoring on their use of federal student aid funds. Notice four Church of Christ related school made the list this year, led by Michigan's Rochester College.
http://chronicle.com
PS - for a better view of the list, see it here.
http://chronicle.com
PS - for a better view of the list, see it here.
Thursday, May 28, 2009
Monday, March 2, 2009
It's all red!!!
A HEAT map is a helpful way to quickly analyze lots of information for trends. They are useful in countless situations where users need to aggregate large amounts of data quickly. Today's S&P500 Heat Map is SO disturbing. Firms are shown by their relative size, and the color indicates how they are trading today. Bright red indicates that particular stock is down by at least 3%. Of the S&P 500 only 2 stocks are up by more than 3% today. Holy cow...
Thursday, December 4, 2008
The escalating costs of education...
Today's NYT ran an insightful story about the rising costs of education in America. Over the past 25 years housing, healthcare, and education costs have far outpaced wages. We are currently hearing much about healtcare and housing policies. It's time to give attention to our national policies toward educating our children and creating human capital, not just liquidity.
The Big Three...
Lots of news today about the Big 3 hitting up the US taxpayers for more money.
I have posted elsewhere that I strongly support deficit spending and am clearly not a libertarian.
However, I simply can not fathom how it makes sense for the American Taxpayer to protect the stockholders of GM, Ford, and Cerberus (the Hedge Fund that owns Chrysler).
First, it is absolutely ridiculous to believe that these companies are somehow a matter of national security. If these firms go into bankruptcy, they will eventually come out. America will not lose its ability to design, engineer, manufacture and sell cars simply because they go into bankruptcy. Bankruptcy is the legal way firms deal with the problems the Big 3 are facing. I view their current tactics as shameless opportunism.
Second, it defies logic that automobile labor in Michigan deserves to earn $70/hr and life-time benefits while those who perform the same tasks for Nissan, Toyota, and Suburu in Tennessee, Indiana, and Alabama earn approximately half-that. Why should all the US taxpayers subsidize these overpaid laborers? To bring a sharper point to it... the Big 3 are asking the working families of those non-union auto-workers in Tennessee to subsidize the inflated values of Detroit unions with their tax dollars. Is that fair?
Finally, I doubt anyone gives much credibility to the Big 3's assertion that this "loan" will somehow be a "bridge to a brighter future". In fact, these companies will continue to create low-quality products with little innovation and outsized energy requirements.
I am not always so Darwinian...but in this case I say "let them eat cake." The Big 3 have made this mess and we should let the management and owners who brought them to the brink of bankruptcy pay the price. Externalizing the costs of their poor judgement on the rest of the country is short-sighted and wrong.
Tuesday, September 23, 2008
I am so depressed...
Holy cow. I just can't quite shake the feeling that the economic events of this week have forever changed the future of our country. I simply can not believe we are nationalizing the financial system and bailing out those who have made record profits for the past eight years while the working person's wage has remained flat. UGGHHHH!!!
I am too frustrated to say anything coherent about this mess. So, let me just post a few related links:
We're all French Now: This article from this week's Time Magazine compares our current situation to the socialized capitalism France has endorsed for the past 20 years. Arguably, we are even more socialized now...and it has been to benefit the richest Americans. Ugh.
Bonus Heaven at Goldman-Sachs: This article from 2006 gives a bit of an image how much money was being made by these Wall St. fat-cats over the past decade of decadence (up to $50 million in one year by some traders). Incredibly, we are now rushing to give them another $700,000,000,000.
Bailout would take away change: This podcast from NPR discusses how this enormous economic burden will essentially eliminate the opportunity for change that McCain or Obama have before them. With the additional economic burden here, they simply can't do much with healthcare, social security, tax change, or social programs.
Friday, August 1, 2008
Wal-Mart supports "the man"
Today's WSJ reports that the world's largest retailer is "warning" employees that if the democrats take over next year it will likely hurt their bottom-line, as well as their employment levels (see article here Wal-Mart Warns of Democratic Win - WSJ.com ).
Why the fear of dems? Won't Obama's tax-cuts for the poorest Americans increase the spending of Wal-Mart's key constituents? One word...Unionization. W-M is one of the most aggressive in fighting unionization (and one of the worst Fortune 500 firms in terms of benefits for hourly employees).
However despite their concerns, W-M leaders are covering their bases with the PAC support of Dems almost equal to their support of the GOP--in stark contrast to the 2000 and 2004 elections.
It would be easy to interpret this as W-M pressuring their employees to vote GOP-or else. Thoughts?
Monday, July 28, 2008
How the rich get richer
This week's Word for Word has an interesting speech by David Cay Johnston about how the US tax system is one of the most regressive in the world. Interestingly, he notes that professional sports team's owners essentially buy their franchises for free after tax rebates.
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