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Tuesday, May 18, 2010

For-profit education stocks rally on news that critic is leaving D.C. | California Watch

For-profit education stocks rally on news that critic is leaving D.C. | California Watch

For-profit education stocks rally on news that critic is leaving D.C.

Stock prices of for-profit education companies shot up yesterday after news that a federal education official who had closely scrutinized the industry was stepping down from his post.
The Chronicle of Higher Education reported that U.S. Education Deputy Undersecretary Robert Shireman would leave his job this summer. Shireman had focused much of his career on reforming the bank-based federal