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The Washington Post Monday, July 30, 2012
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Business
Report finds for-profit colleges serve shareholders over students

A Senate committee that successfully pressed for tighter regulation of the for-profit higher-
education sector published a report Sunday that said the business had put shareholders before students.

As of 2009, the report said, three-quarters of students in for-profit colleges attended institutions owned either by publicly traded companies or private equity firms. It said the schools excelled at recruiting students, but not necessarily at retaining them: More than half of students at for-profit schools who enrolled in the 2008-09 academic year left without a degree, the report found. Half of all non-finishers ended their studies within four months.

Read full article >>

(Daniel de Vise)

Defense contractors' IT businesses under pressure

The largest defense contractors reported last week new challenges to their information technology businesses as the government adapts to shrinking budgets.

In the Washington area, IT contracting is particularly important. Tanks, missiles and aircraft are typically built elsewhere, but IT services happen here, meaning that these declines could take a particularly large toll on the region.

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(Marjorie Censer)

Health insurance mandate faces huge resistance in Oklahoma

OKLAHOMA CITY — The Supreme Court may have declared that the government can order Americans to get health insurance, but that doesn't mean they're going to sign up.

Nowhere is that more evident than Oklahoma, a conservative state with an independent streak and a disdain for the strong arm of government. The state cannot even get residents to comply with car insurance laws; roughly a quarter of the drivers here lack it, one of the highest rates in the country.

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(Sandhya Somashekhar)

Enbridge rushes to repair Wisconsin oil pipeline after spill

GRAND MARSH, Wis. —Canada's Enbridge Inc. on Sunday raced to repair a major pipeline that spilled more than 1,000 barrels of oil in a Wisconsin field, provoking fresh ire from Washington over the latest in a series of leaks.

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(Brendan O'Brien)

'The world's most important bake sale:' One patient's plan to pay for chemotherapy

Arijit Guha is a 31-year-old who lives in Phoenix, Ariz. He is pursuing a doctoral degree in sustainability at Arizona State University. He recently got married. And, since February, he has sold tee-shirts to pay for his own chemotherapy.

Read full article >>

(Sarah Kliff)

More Business

National
Star-spangled historic trail set for launch

The carpet stores and auto shops lining Bladensburg Road as it crosses from the District of Columbia into Maryland may seem far removed from a landmark moment in U.S. history.

But not far from the intersection with Eastern Avenue — near the Popeyes Chicken attached to the Shell gas station — is the spot where Commodore Joshua Barney placed his guns in a last-ditch effort to save the capital during the Battle of Bladensburg on Aug. 24, 1814.

Read full article >>

(Steve Vogel)

Romney in Israel: 'Any and all measures' should be used to dissuade Iran

JERUSALEM —Mitt Romney stepped forcefully into a diplomatic stalemate here Sunday by calling on the United States and Israel to use "any and all measures" to lead the effort to prevent Iran from developing nuclear weapons.

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(Philip Rucker, Joel Greenberg)

Cheney calls Palin selection for vice president in 2008 'a mistake'

Former vice president Richard B. Cheney said the selection of Sarah Palin as the Republican vice presidential candidate in 2008 was "a mistake" — the sort of mistake Mitt Romney should avoid.

In an interview with ABC News, Cheney said Sen. John McCain's choice of the relatively inexperienced Palin was one "I don't think was well handled."

Read full article >>

(Ellen Nakashima)

Report finds for-profit colleges serve shareholders over students

A Senate committee that successfully pressed for tighter regulation of the for-profit higher-
education sector published a report Sunday that said the business had put shareholders before students.

As of 2009, the report said, three-quarters of students in for-profit colleges attended institutions owned either by publicly traded companies or private equity firms. It said the schools excelled at recruiting students, but not necessarily at retaining them: More than half of students at for-profit schools who enrolled in the 2008-09 academic year left without a degree, the report found. Half of all non-finishers ended their studies within four months.

Read full article >>

(Daniel de Vise)

More National


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