Daily Data Dump - Friday

Subprime for Students - Why does so much federal money go to for-profit schools—and what happens when the system crashes? Steve Eisman, a Cassandra of the subprime meltdown in real estate, is now focused on the student loan & grant racket in the for-profit education industry. I have nothing against competition forcing the relatively static higher education complex to evolve. In fact I favor it. But with massive government subsidies with minimal oversight being directed toward higher education the market is producing entities which emerge not to provide a genuine service to potential students, but to capture as much of the cash flow from the feds as possible. Barring elimination of government subsidies more aggressive oversight seems the only avenue of correcting the problems in this sector. Is Google Docs Destined To Be a Revolutionary or Footnote?. First, Google Docs lacks some of the power for presentations which desktop office ...