Here's something you might be interested in.
Ask a Hipster — Advice you didn't know you needed
Big Screen — Movie commentary
Blurt — Music's inside track
Booze News — San Diego spirits
Classical Music — Immortal beauty
Classifieds — Free and easy
Cover Stories — Front-page features
Drinks All Around — Bartenders' drink recipes
Excerpts — Literary and spiritual excerpts
Feast! — Food & drink reviews
Feature Stories — Local news & stories
Fishing Report — What’s getting hooked from ship and shore
From the Archives — Spotlight on the past
Golden Dreams — Talk of the town
The Gonzo Report — Making the musical scene, or at least reporting from it
Letters — Our inbox
Movies@Home — Local movie buffs share favorites
Movie Reviews — Our critics' picks and pans
Musician Interviews — Up close with local artists
Neighborhood News from Stringers — Hyperlocal news
News Ticker — News & politics
Obermeyer — San Diego politics illustrated
Outdoors — Weekly changes in flora and fauna
Overheard in San Diego — Eavesdropping illustrated
Poetry — The old and the new
Reader Travel — Travel section built by travelers
Reading — The hunt for intellectuals
Roam-O-Rama — SoCal's best hiking/biking trails
San Diego Beer — Inside San Diego suds
SD on the QT — Almost factual news
Sheep and Goats — Places of worship
Special Issues — The best of
Street Style — San Diego streets have style
Surf Diego — Real stories from those braving the waves
Theater — On stage in San Diego this week
Tin Fork — Silver spoon alternative
Under the Radar — Matt Potter's undercover work
Unforgettable — Long-ago San Diego
Unreal Estate — San Diego's priciest pads
Your Week — Daily event picks
Bridgepoint stock taking hit
Value has dropped nearly 60 percent since July
Stock of controversial for-profit education company Bridgepoint Education has been taking a big hit in the past couple of months. On July 7, it was selling for $14.07; today (September 18) it closed at $8.85, down 60 percent since July 7.
Along with other for-profit schools, the stock got a huge ride after the election of Donald Trump as president. One of Bridgepoint's top executives went to work for Betsy DeVos, Trump's education secretary.
The Obama administration had correctly been trying to rein in the for-profits for dubious recruitment, poor education, and inability of grads to get jobs, among many things. In 2011, the United States Senate's Health, Education, Labor, and Pensions Committee (often called HELP) did a big study of Bridgepoint and its major institution, Ashford University, which operates almost entirely online. Then-senator Tom Harkin of Iowa called Bridgepoint "an absolute scam."
On August 15 of last year, Wall Street's Warburg Pincus, which financed Bridgepoint from the outset, said it was selling 2.1 million shares of the stock, bringing its holdings from 33 percent to 26 percent. At the end of 2016, it had 59.8 percent of Bridgepoint stock.
Bridgepoint's latest report to the Securities and Exchange Commission, filed July 26, pointed out that: 1) California's Franchise Tax Board continues to challenge the company's tax filings for the 2008–2015 years; 2) the Oregon Department of Revenue issued a notice of deficiencies statement against the company, which challenged it; 3) the company is under Internal Revenue Service audit for tax returns for 2013–2015; 4) the Department of Education's federal student-aid operation is looking into the company's advertising and marketing, among other things; 5) the attorney general of New York is investigating the company; 6) so is the attorney general of North Carolina; 7) the California attorney general is looking into the company for possible unfair business practices, and the investigation could cost Bridgepoint $8 million to $20 million; 8) the company paid the Securities and Exchange Commission $8 million in penalties and $5 million for restitution to students; and 9) the Department of Justice has an ongoing investigation into the company's Title IV (student aid) programs.
Here's something you might be interested in.
Bridgepoint stock taking hit
Value has dropped nearly 60 percent since July
Bridgepoint stock taking hit
Value has dropped nearly 60 percent since July
Stock of controversial for-profit education company Bridgepoint Education has been taking a big hit in the past couple of months. On July 7, it was selling for $14.07; today (September 18) it closed at $8.85, down 60 percent since July 7.
Along with other for-profit schools, the stock got a huge ride after the election of Donald Trump as president. One of Bridgepoint's top executives went to work for Betsy DeVos, Trump's education secretary.
The Obama administration had correctly been trying to rein in the for-profits for dubious recruitment, poor education, and inability of grads to get jobs, among many things. In 2011, the United States Senate's Health, Education, Labor, and Pensions Committee (often called HELP) did a big study of Bridgepoint and its major institution, Ashford University, which operates almost entirely online. Then-senator Tom Harkin of Iowa called Bridgepoint "an absolute scam."
On August 15 of last year, Wall Street's Warburg Pincus, which financed Bridgepoint from the outset, said it was selling 2.1 million shares of the stock, bringing its holdings from 33 percent to 26 percent. At the end of 2016, it had 59.8 percent of Bridgepoint stock.
Bridgepoint's latest report to the Securities and Exchange Commission, filed July 26, pointed out that: 1) California's Franchise Tax Board continues to challenge the company's tax filings for the 2008–2015 years; 2) the Oregon Department of Revenue issued a notice of deficiencies statement against the company, which challenged it; 3) the company is under Internal Revenue Service audit for tax returns for 2013–2015; 4) the Department of Education's federal student-aid operation is looking into the company's advertising and marketing, among other things; 5) the attorney general of New York is investigating the company; 6) so is the attorney general of North Carolina; 7) the California attorney general is looking into the company for possible unfair business practices, and the investigation could cost Bridgepoint $8 million to $20 million; 8) the company paid the Securities and Exchange Commission $8 million in penalties and $5 million for restitution to students; and 9) the Department of Justice has an ongoing investigation into the company's Title IV (student aid) programs.
Comments