NEW YORK -- Amid dueling assessments of the impact of new federal rules aimed at cracking down on abuses by for-profit colleges, the stock market delivered a clear verdict: business as usual.
Shares for every publicly traded college corporation made gains on Wall Street Thursday, with share prices at many of the largest corporations, including Education Management Corp. and ITT Educational Services Inc., soaring more than 20 percent by the end of the day.
"The changes we saw this morning generally surpassed what most investors were considering likely," said Jarrel Price, an analyst who covers the for-profit education sector at Height Analytics LLC. "For the majority of the sector, programs are going to avoid what were potentially very severe restrictions on their enrollment growth."
But despite the indications from the market, there was still a geyser of rhetoric in Washington on after the Obama administration released a significantly weakened package of regulations meant to protect students from unsustainable debt burdens at for-profit colleges and career training schools.
Democracy Gone Astray
Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.
All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.
[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]