03-11-2018, 01:12 PM
(01-15-2017, 02:52 AM)pbrower2a Wrote: As the Obama years come to a close I notice far fewer business failures than under Dubya -- even before the economic meltdown of 2007-2009. The best known of American circuses closes after nearly a century and a half the revenues can no longer keep pace with costs. The demise came apparently with the great cost of keeping the one land animal that may be smarter than humans... those were the top animal stars. But that reflects a cultural trend long in the making. Kenneth Feld rescued the failing circus business
The highest-profile business failures under President Obama were the questionable vocational schools more adept at getting students to sign notes that the federal government would guarantee the 'educational institution' which ordinarily prepared the student for nothing. The Obama Administration cut off the loans, so students get stuck with having to go to legitimate schools that really teach something or having to vocational schools of modest cost and promise.
Count on this: the Trump Administration want those scam schools back in business.
I expect this thread to get very busy in the next four years. Easy money for shysters is the Trump way.
Your remark concerning the questionable business schools brings back memories of an earlier scandal. In the late 1970s a Chicago newspaper did an expose called "The Dance Hustle" concerning so-called dance studios that really didn't know how to teach but sure did know how to swindle. They especially enjoyed preying on elderly widows whom they thought were very lonely. I'm sure at least some of them were, but that's beside the point. In fact I worked in a business for a widow at that time and she told me that she got said calls from one of these schools who could take anyone who didn't know a waltz from a samba and make him/her a teacher. Their main "job" was to convince the students that they needed more and more lessons and bribed them into signing up. I believe they were mostly shut down shortly afterwards.