Afternoon Links 10-28
Apollo shares plunge on government inquiry (Bloomberg) The for-profit education industry is shady in the extreme. Fully 86% of Apollo’s revenue comes from student loans financed by the government. It’s a great scam. Find a warm body that qualifies for federal student aid, and then sell ‘em as much education as they’re willing to borrow against. And when the government offers to increase aid, companies like Apollo (and private universities) just raise their prices, forcing students to take on more debt for the same education. In the end, its taxpayers that take the hit when student loans default…
Stressful jobs that pay badly (CNN, ht Rej) #2 has a funny anecdote.
Goldman’s lies of omission (Janet Tavikoli, ht Jesse)
A drop in the wrong bucket (David Leonhardt) Pandering to seniors.
Cell size and scale (Utah.edu) Ultracool. Zoom in slowly by scrolling to the right.
Jaws (Telegraph) A larger predatory fish?? Wow.