( en | de | ru )

 

  2. Benutzer
  3. @prophe
  4. Mar2017

Lesezeichen  76

  •  

    For those that draw the line in the sand at $5.00 for a “penny stock,” Aspen Group, Inc. (OTCQB:ASPU) may be able to graduate out of penny-stock-land soon. Trading as low as $1.52 last July (and $1.21 in January 2016), the company has found a solid uptrend to tip the scales at $4.44 in December for its current 52-week high. After a pullback from that high, shares are moving up again, including a 7.7% climb in morning trading to $4.04 on Friday. Shares are being driven by the New York City-based post-secondary education company issuing two substantial pieces of news after Thursday’s closing bell. First, in the third quarter of fiscal 2017 (ended January 31, 2017), Aspen reported revenue of $3.74 million, up 73% from the year prior quarter. The company swung to a profit, with net earnings of $7,377 versus a net loss of $689,718 a year earlier. Aspen also had a record number 825 new student enrollments during the latest quarter, a 50% year-over-year increase. Separately, the company said it signed a letter of intent to acquire an unnamed regionally accredited for-profit university based in California for $9.0 million. Payment will come in the form of $2.5 million in cash, $2.0 million in convertible debt and $4.5 million in ASPU common stock. $900,000 of the $2.5 million cash component will be lent to a newly-formed entity controlled by the loan’s guarantor who owns 100% of the voting power of the university.
    vor 7 Jahren von @prophe
     
      for-profitMar2017USAEnglish
      KopierenLöschen
       
       
    •  

      The Bihar Legislative Council today passed seven bills including the Bihar Private University (Amendment) Bill, 2017 which paved way for running private universities from rented premises in the state. State Education minister Ashok Choudhary introduced the bill proposing to allow private universities to function from rented premises with a built up area of 5,000 sqm up to two years till construction of permanent infrastructure. Countering BJP member Vinod Narayan Jha's assertion that not a single university has shown interest in opening its campus in Bihar, Choudhary said the state government has received 14 proposals for setting up universities. Out of them, the government has set up a committee to look into the Detailed Project Report of 12 proposals. Three universities would start running their courses soon and the government has decided to allow such universities to run their academic activities from rented accommodation for two years if they fulfil all requisite criteria, he said. "Our aim is to increase the Gross Enrolment Ratio (GER) in universities. So, we opened the door for private institutions. At present, the state's GER is 13.9 per cent against the national average of 24 per cent. The government intends to push that up to 30 per cent by 2020," he said. State Parliamentary Affairs minister Shrawan Kumar introduced the Bihar State Legislature (Members' salaries, allowances and pension) (amendment) Bill, 2017 which was passed by the legislative Assembly yesterday. An amendment has been proposed in the preamble of the State Legislature (Members' salaries, allowances and pension) (Amendment) Act to incorporate provision of pension for retired members of the bicameral state legislature. The House passed Bihar Farmers and Rural Areas Development Agency (Repeal) Bill, 2017, the Patna University (Amendment) Bill, 2017, the Bihar State University (Amendment) Bill, 2017 and the Bihar Appropriation Excess Expenditure Bill, 2017. The Legislative Council also passed the Bihar Protection of Interest of Dep
      vor 7 Jahren von @prophe
       
        Mar2017BiharprivateProposalopenIndia
        KopierenLöschen
         
         
      •  

        All three of England’s for-profit universities owned in Netherlands Calls have been made for greater scrutiny of the ownership of for-profit higher education providers after it emerged that BPP University is owned in the Netherlands by its US parent. The disclosure means that all three of England’s for-profit universities are owned in the Netherlands, which is known for its attractive corporate tax regime. However, Apollo Education Group, which has owned BPP since 2010 and was recently bought by two US private equity firms, said it did not gain any tax advantage from Dutch ownership of the institution. BPP has benefited from £26.6 million in tuition fee payments via the public Student Loans Company over five years since 2011, according to SLC figures. Companies House documents show that BPP University is owned by BPP Holdings, which is in turn owned by Apollo UK Acquisition Company Limited, which is itself owned by Coöperatieve Apollo Global Netherlands UA (UA is the abbreviation for the Dutch-language term for “excluded liability”). England’s two other for-profit universities, the University of Law and Arden University, are both owned by Global University Systems, a company whose leadership is Russian and which is registered in the Netherlands as a “BV”, the Dutch equivalent of a private limited liability company. The government’s Higher Education and Research Bill, currently making its way through Parliament, aims to bring in more private and for-profit providers to compete with universities. Times Higher Education asked Apollo why BPP is ultimately owned in the Netherlands, whether or not Netherlands ownership conferred any tax advantages for Apollo, and whether the location of ownership is likely to change under the new owners of Apollo. A spokesman for Apollo Global, the group’s subsidiary for its non-US operations, said: “Apollo Global’s Dutch structure was put into place in 2011 in conjunction with the development of a new global learning platform. We do not gain any tax advantages related to the s
        vor 7 Jahren von @prophe
         
          BPPfor-profitMar2017DutchprivateUKNetherlandsEnglish
          KopierenLöschen
           
           
        •  

          It might just be career government lawyers doing their jobs, and doing them well, until the Trump Administration can catch up and work its malevolence, but in court papers filed today, the Trump Justice Department defended the Obama Administration’s gainful employment rule, a measure aimed at curbing predatory abuses by for-profit colleges. The rule penalizes expensive career college programs that, year after year, leave graduates with debts that, based on their earnings, they cannot afford to repay. “The public interest is served by allowing the Department to go forward with implementing the GE regulations,” Justice Department lawyers wrote on behalf of their client, Secretary of Education Betsy DeVos, who is being sued by an association of cosmetology schools. The association’s somewhat risque argument is that many hairdressers and other beauty professionals do not report all their tip income to the IRS, and thus their graduates actually are doing better than the gainful employment calculations give them credit for. Revised under pressure from industry lobbyists, the Obama Administration’s rule is not very strong, but it does endanger some of the worst-of-the-worst college programs. The operators of those programs, who have been raking in billions in taxpayer money, want to make sure they can still act with impunity, even though their abuses have ruined the lives of countless veterans, single moms, and other students. There are good cosmetology schools, as well as other types of career schools. The gainful employment rule aims to channel resources and students to those quality, affordable schools, and away from the kind of for-profit colleges that law enforcement agencies are investigating or prosecuting for fraud. But given: that Donald Trump was previously the proprietor of his own predatory for-profit real estate “university”; that Trump crony Newt Gingrich and congressional Republicans have aggressively advocated for the for-profit college industry; that DeVos has been invested in for-profit education
          vor 7 Jahren von @prophe
           
            for-profitMar2017USAprivateDonald_TrumpdefendObamaDepartment_of_EducationEnglish
            KopierenLöschen
             
             
          •  

            The Central European University (CEU) in Budapest, Hungary, could be close down. CEU was founded in 1991 and has 1,440 students from 117 countries, many of whom on a scholarship, and has operated in Hungary for 25 years. Many of the social science degrees offered at the CEU rank among the world’s top 50-100, while it is also one of the leading research institutions in Hungary. The management of the private university says that the Victor Orban administration has introduced legislation that makes its operation impossible. The law proposed by the Orban government suggests that any foreign University must be subject to an intergovernmental agreement and can only operate in Hungary if it has a campus in the country of origin. CEU is registered with New York State but does not have a campus in the United States. Both Mr. Trump and Mr. Orban view George Soros as a political foe. Even if setting up a campus in the United States within a year would be possible, an intergovernmental agreement to ensure the continued operation of the CEU would be impossible. Speaking to Bloomberg on Wednesday, the President of CEU, Professor Michael Ignatieff, made clear that “the bill is a threat to our continued existence in Hungary.” However, the Education Secretary Laszlo Palkovics says the proposed legislation will be applied to 28 foreign universities operating in Hungary and is not targeting the CEU alone. “This is not an anti-CEU investigation and not against Mr. Soros,” Mr. Paklovics told the BBC.
            vor 7 Jahren von @prophe
             
              politicsMar2017BudapestHungaryclosureEnglish
              KopierenLöschen
               
               

            Publikationen  

              Keine Treffer.
            • ⟨⟨
            • ⟨
            • ⟩
            • ⟩⟩