Optimism Dims, Financing Improves: NSBA Report – BusinessWeek

The NSBA’s Mid-Year Economic Report, which surveyed 400 of the group’s members online between June 24 and July 11, offered little to be optimistic about:

More than one-third say they aren’t confident about the future of their business from a financial perspective

Eighty-eight percent anticipate a recession or flat economy in the next year, an increase from 78 percent six months ago

Forty-five percent expect no growth opportunities in the coming year, up from 40 percent in December.

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Weekly Economic Update | LAEDC

THIS WEEK’S HEADLINES:

Education Management Corporation Accused of Widespread Fraud – NYTimes.com

The complaint said the company had a “boiler-room style sales culture” in which recruiters were instructed to use high-pressure sales techniques and inflated claims about career placement to increase student enrollment, regardless of applicants’ qualifications. Recruiters were encouraged to enroll even applicants who were unable to write coherently, who appeared to be under the influence of drugs or who sought to enroll in an online program but had no computer.

Yet another example of why we should privatize education – Ed.

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