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Sen. Tom Harkin, chair of the Senate's Health, Education, Labor and Pensions committee, released figures today (April 12) showing how for-profit colleges, particular San Diego's Bridgepoint Education, take dubious advantage of tuition assistance (TA) funds provided by the Department of Defense. Harkin's data showed that for-profit colleges received $280 million of the total $563 million from military tuition assistance in 2011. Bridgepoint increased its TA revenue by 199% over two years to $27 million. For-profits have a perverse incentive to target military students, according to the report prepared by Harkin's committee. Under federal law, no more than 90% of for-profits' revenue can come from federal aid. But the money received from the military does not come under that 90-10 rule. The report suggests that the military money should come under the 90% rule.

Comments
23

Where is the Mini Me Duncan Hunter now????????? Oh, on a golf junket to Ireland with Bridgepoint.

April 12, 2012

According to a story in Voice of San Diego several months ago, the head of the San Diego Regional Chamber of Commerce says Bridgepoint is a great company and a feather in the community's hat. Best, Don Bauder

April 12, 2012

That's the same sort of logic used to give C. Arnholt Smith the award of "Man of the Century" in San Diego.

April 12, 2012

That's the same sort of logic used to give C. Arnholt Smith the award of "Man of the Century" in San Diego.

Yep, it sure is-ripping off the poor and middle class and then claiming it is a civic pride. let me know who theChamber head is so I can rip him new one. I am sure the clown/Chamber also said TARP and bailing out the TBTF banks were a feather in the nation.

April 12, 2012

The U.S. Chamber of Commerce is always a source of amusement. It professes to be in favor of free enterprise, wanting a government that lacks any power. On the other hand, it favors every subsidy and industry tax cut the government offers business. It does all this with a straight face, just as San Diego downtown boosters wail about government involvement in business as they line up for their handouts. Best, Don Bauder

April 12, 2012

It was a writer for the San Diego Union that gave Smith, who spent time in incarceration after his scam was uncovered, who gave him that designation. Smith was also named Mr. San Diego, as was John Alessio, who also spent time in incarceration for his crimes. Best Don Bauder

April 12, 2012

Smith's crimes centered around his efforts to siphon loans from United States National Bank to prop up his struggling businesses, mainly National Steel and Shipbuilding and the tuna canneries. These businesses employed thousands of San Diegans at a time when few jobs were available in San Diego. Many were forced to leave San Diego to find work in Los Angeles. His actions are nowhere comparable to those of John Moores. Smith did create a lot of blue collar jobs. Smith was also a broken man. He was supposed to retire and leave his business empire in the hands of his son. His son died of a heart attack in his mid 30s just as Smith was preparing to retire. Work was all he had left.

April 12, 2012

Smith had an elaborate scheme to prop up stocks of companies he controlled. Among other things, he created phony deals in the process. Best, Don Bauder

April 12, 2012

Bridgepoint is one of the few businesses in San Diego willing to hire unemployed workers from the real estate and mortgage industries. Most employers will not consider these workers for employment due to the fraud.

April 12, 2012

Yes, Bridgepoint hires former mortgage peddlers as telemarketers to recruit students. Best, Don Bauder

April 12, 2012

Pimps hiring prostitutes--that's NEWS?

April 13, 2012

We don't just deal in news here, Twister. We feature interpretive journalism -- taking a long look at the societal implications of certain events. But, given that we are talking about the oldest profession, this one is a REALLY long look. Best, Don Bauder

April 14, 2012

Don is included in a group of journalists who hounded C. Arnholt Smith into an early grave.

April 14, 2012

I deserve no credit or blame on this one. C. Arnholt Smith lived to be 97. Best, Don Bauder

April 15, 2012

Dude, NOBODY hounded him into an early grave. He was convicted of embezzlement in 1979 and sentenced to 3 yrs, which he never began serving until 1984. And then the sentence was reduced to one year and he only served about seven months at the county honor camp. He was given a fine of $30,000, to be paid at the rate of $100 a month over 25 years, without interest. The guy died 12 years AFTER he got out of the pokey. at age 97. So tell me again, how is it he was :hounded" him an early grave?

April 15, 2012

I thought his incarceration was only about a month and he spent it tending flowers in National City. I could be wrong on that. Best, Don Bauder

April 15, 2012

I don't remember the exact dates, but as I recall, he surrendered himself at the downtown jail after the Thanksgiving holiday. He was there about a month or so and then was transferred to the work furlough facility in Nat City. He got out sometime in late June/early July. I believe he got his sentence reduced by 1/ 3 for being good and another week or so because of overcrowding. He was a gardener and I think he took care of the roses. With John Moores finally deciding to find a REAL buyer, as apposed to a wannabe, for the Padres, how about a little C Arnholt Smith/Padres trivia. Everybody knows that Rat Kroc bought the Padres from Smith, but how many remember, without looking it up, that they almost went to someone else. A grocery store magnate named Joseph Danzansky headed a group that was going to buy them and move them to Washington DC. He had a deal in principal after the '73 season. Everything was packed up and ready to go. The baseball cards even had been printed up with either WASHINGTON or STARS, depending on which story you read. At the last minute, Kroc heard the Padres might be for sale and came calling. I have heard it was Buzzie Bavasi who convinced Smith to sell to Kroc because he was buying the whole team and it would be easier to get MLB approval with only one person involved. Imagine how SD would be different if Smith had sold to Danzansky; no money spent fixing up the Murph and no money spent on a downtown stadium. Just think of all the other things the pols could have spent those hundreds of millions on. Simply mind boggling. One last tidbit. To put things in perspective, a year before the Padres were sold to Kroc foe $12 Million, George Steinbrenner and his group bought Yankees for only $8.8 million. Considering how things stand today, I'd call that a pretty good deal for the late Mr. S.

April 15, 2012

I knew Steinbrenner fairly well in those days; he was a Clevelander. He headed a shipbuilding company and I was bureau chief of Business Week, so I interviewed and wrote about him several times. There were some dubious characters in that syndicate that bought the Yankees -- with mob connections, among other things. That is not unusual for pro sports. Steinbrenner was also a big swinger with a mobbed-up brokerage house. So his later escapades with the Yankees were not surprising. Best, Don Bauder

April 16, 2012

u r from Cleveland!!??!!

i should have known!!

April 16, 2012

My wife and I were both born and reared in suburbs of Chicago, Nan. But we lived in Cleveland for 7 years, from 1966 to 1973. Our two sons were born there. The weather is horrid (gray, rainy) but the Cleveland Orchestra was then the finest in the U.S., and is still one of the best. The art museum is also superb. Best, Don Bauder

April 16, 2012

near the lakes make the weather tuff sometimes...i have a best friend who lives 50 miles east of Cleveland in Willoughby and my Bobby lived in Cleveland in his first marriage,,

being from the coast of Oregon the weather didn't dismay him

i love the personality of peeps from that area...the big shoulders town 2!!!

April 18, 2012

Willoughby is actually a suburb -- perhaps exurb -- of Cleveland. It can't be 50 miles from the city. A black cloud from Lake Erie hangs over northern Ohio and parts of Pennsylvania, from Toledo to Erie, Pa. It goes as far south as Akron. Sometimes you don't see the sun for a month. Oregon and Washington, with their grayness and rain, are similar. Best, Don Bauder

April 18, 2012

wha!!!

my friend said Willoughby was 50 miles from Cleveland...the weather must have been making her drink

drinking was a way to fight the weather blues in Oregon

April 20, 2012

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