As you see below, Pearson and McGraw-Hill are global corporations and they are the ones front and center in the US education reform. It is purely about creating education corporations and fully funded by taxpayer money. This is why K-12 has been underfunded these few decades---all state education funding is going to building these corporate education structures. I showed how Maryland's UMUC is going broke as an international online university----it is not being managed correctly and does not have a good education mission. This is where Erhlich/O'Malley has sent much of education money in Maryland and these corporations below are getting the lions share of K-12 privatization funding for testing and evaluation.
BILLIONS OF EDUCATION DOLLARS SPENT ON BUILDING THE INFRASTRUCTURE FOR PRIVATE EDUCATION CORPORATIONS ALL OWNED BY THE SAME GLOBAL CORPORATIONS AND THEIR BOARDS.
I showed a few weeks ago that teachers and education organizations are protesting Pearson across the nation. There is nothing showing their products improve any student achievement -----instead, the US is ranked globally at the bottom of developed nations because of our connection to these education corporations.
Making a global workforce has nothing to do with Democratic education and everyone in the US wanting a strong domestic economy. Remember-----the goal of neo-liberalism is to send your children overseas to work for global US corporations while global US corporations bring immigrants from overseas to work in the US. This takes away the need for silly things like citizenship rights and sovereignty!
I'm all for Ivy League Universities sending their grads overseas to serve in their US corporations-----but I want my family to have the choice to work domestically at a good jobs with stability. This is not what neo-liberals and neo-cons have planned.
Pearson and McGraw-Hill
Like many education-related services corporations the work of the McGraw-Hill Companies and Pearson Education, expands far beyond education. The intersection of education, technology, and communications creates opportunities to provide a host of international educational services of which these companies look to take full advantage. The mission statements of these two companies provide a relevant perspective on the globalization of education. Historically a locally rooted endeavor, education is now being increasingly privatized, packaged, and marketed in unconventional ways.
A glance at Pearson’s website demonstrates the company’s international and educational breadth as they capitalize on growth in this sector. The London-based company states on its website:
Educating 100 million people worldwide, Pearson is a global leader in educational publishing, providing scientifically research-based print and digital programs to help student learn at their own pace, in their own way. . .and offers the most comprehensive range of educational programs, in all subjects, for every age and level of student, from preK-12 through higher education and on into professional life. Our unparalleled businesses and brands include Prentice Hall, Longman, Scott Foresman, Addison Wesley, Allyn & Bacon, Benjamin Cummings, PASeries, ELLis, Celebration Press, PEMSolutions, SuccessMaker, Waterford, and Family Education Network. Pearson’s other primary operations include the Financial Times Group and the Penguin Group (Pearson Education, 2009).
Likewise, the global nature of the McGraw-Hill Companies gives the company a substantial edge in providing educational services. As a multi-national corporation (MNC), McGraw-Hill fully grasps the type of worker required in modern global economy. Perhaps for this reason it is appropriate that such a corporation provides educational services. As it is with Pearson, so too is the international scope of McGraw-Hill easily recognized on the company website:
The McGraw-Hill Companies is driving the financial services, education, and business information markets through leading brands such as Standard & Poor’s, BusinessWeek, and McGraw-Hill Education. McGraw-Hill aligns with three enduring global needs:
- the need for Capital
- the need for Knowledge
- the need for Transparency (McGraw Hill, 2009).
McGraw Hill’s three “enduring global needs” of capital, knowledge and transparency, echo the sentiments of economists, politicians, and academics as competition within global markets continues to rise. With increased competition at all levels of society as a result of globalization, education is recognized as one means of creating a competitive advantage.
The stated efforts of Pearson and McGraw-Hill demonstrate the nature and model in which modern education is expected to function in order to fulfill society’s new demands. We now need a global education system to create a 21st century workforce that will be competing within a global economy. In short, education must follow suit in the global evolutionary process.
If you look--- the stats for most cities are the same----rural areas just as bad. Now, after a few decades of sending much of public education money to build these private education corporations supposedly to increase achievement in US students-----WHERE IS THE ACHIEVEMENT? There was never any achievement intended---they just wanted to move money to profit.Race to the Top is the same education policy----it simply sends more education to more education corporations this time for education data to sell for profit.
Bloomberg of NY will go down in history for the worst education policies and education achievement results in US history and Baltimore is Bloomberg and our education system is being dismantled and turned into the worst of corporate charters......with the encouragement of the Catholic and Episcopal Churches and black and Hispanic organizational leaders.
THE VERY PEOPLE THAT SHOULD BE SHOUTING IN MARYLAND AGAINST WHAT IS HAPPENING IN BALTIMORE AND MARYLAND-----ARE THE ONES SUPPORTING THE POLS DOING IT!
This is why Maryland is so captured by this corporate education policy--------
Below the article states that Bloomberg will be an education failure------as will his satellite Johns Hopkins------but we have to look at the goal of Bloomberg and Wall Street education reform----IT WAS ONLY ABOUT MAXIMIZING PROFIT! THAT'S WHY THEY THINK IT IS A SUCCESS!
Reagan/Clinton and now Bush/Obama-----neo-liberals and neo-cons are tag team for global corporate profit!
Shocker: 80% of NYC graduates unable to read
Published time: March 08, 2013 19:03
Edited time: March 10, 2013 11:44 Get short URL John Moore/Getty Images/AFP
New York City’s literacy rates are on the decline: nearly 80 percent of high school graduates lack basic skills like reading, writing and math and are required to relearn them before qualifying for community college.
During his most recent State of the City address, New York City Mayor Michael Bloomberg hyped about the large investment the city has made on education – a multi-billion dollar investment that seems to have done little to help the city’s teens.
Critics pointed out that just 13 percent of black and Latino students graduate from New York City schools with the skills required for community college – and overall, 80 percent of all graduates lack these skills.
“He will be remembered as the Mayor of Education Failure, and his final speech ignored that reality. He has harmed our communities and families, and we cannot wait to see a new mayor replace him,” parent Zakiyah Ansari of New Yorkers for Great Public Schools told the New York Daily News.
The number of students who lack crucial reading, writing and math skills is the highest it has been in years, CBS 2 reports. Officials from City University told the news station that 79.3 percent of graduates, or 10,700 students, who arrived to take a test to get into community college last year failed and were required to relearn basic skills that should have been taught in high school. This is a sharp increase from the 71.4 percent who were lacking the skills in 2007.
With such a high number of uneducated students, City University has launched a program to help struggling high school grads. Called the CUNY Start, the program provides cheap immersion classes that help New York teens catch up with those who are prepared for college.
“They get lost sometimes in the classroom and in CUNY Start we give them a lot more one-on-one attention, small group work,” Sherry Mason, who teaches a writing class, told CBS. “It helps them achieve more in a short amount of time and so they’re able to get on with their credit classes.”
But students who are forced to shell out $1,000 or more for courses that bear no college credit are disappointed that their high schools failed to prepare them for college.
“The basics that I’m receiving now should have been taught in high school,” Feona Wilson, a high school graduate from Brooklyn, told the New York Post. “It’s more money coming out of your pocket.”
Despite efforts by lawmakers to improve high school education, the US still lags in comparison to other developed countries. In 2012, the US placed 17thin the developed world for education, according to a report by Pearson. Finland and South Korea topped the lost of 40 countries. But when it comes to math, Americans are in the bottom half, with US students ranking 25thout of developing countries.
Experts have warned that American students’ comparatively average to low performance could threaten the country’s future economic growth. And with 80 percent of New York’s high school graduates unprepared for community college, Bloomberg’s large education investments appear to have been ineffectively used.
If you read the education privatization literature the corporations below are always mentioned---these are the global education corporations built these few decades on the education money that should have been going to K-12. It all went to these corporations pretending to strengthen public education in the US. Rather, it defrauded and lowered American student's achievement in most cases.
How many times do we see Strayer University and ITT advertised on Baltimore and Maryland TV? IT IS SATURATED.
This process started with Reagan/Clinton as education was deregulated and allowed to become corporatized. Bush pushed all these for-profits to push their products and encouraged the high level of fraud and corruption just because there were no longer oversight and accountability in Federal agencies thanks to Clinton.
Mon 28 Sep 2009 - 8:26 pm UTC
I'm looking to put together a list of the top 20 global education companies by highest market capitalization. I already have a preliminary list which I have shared below and I'm looking for someone to run with this and help me complete it. A few things:
-I'm looking for global companies but want the market cap numbers listed in US Dollars so if you find a non-US listed company please translate into USD.
-I'm looking for companies that are focused primarily on education. For example, while what a portion of what Google does is "education" Google's primary focus is not on education so they would not make the list.
-Please include the ticker symbol, the exchange (if it is not a US-based company) and the current market cap of the company.
APOL - Apollo Group, Inc. $10.92B
ITT - ITT Educational Services $4.05B
DV - Devry Inc. $3.83B
STRA - Strayer Education, Inc. $2.97B
EDU - New Oriental Education $2.94B
CECO - Career Education Corp. $2.04B
CPLA - Capella Education Company $1.08B
BPI - Bridgepoint Education $852MM
LOPE - Grand Canyon Education $778MM
APEI - American Public Education $625MM
LINC - Lincoln Education Services $608MM
So those are 11 to get you started. Those companies are almost all US-based so if there are some big publicly-traded international companies it would be great to get them on the list.
Please let me know if you have any questions.
This is what Reagan/Clinton's education reform was all about.....they told teachers to use calculators in classroom math classes at the earliest age-----they told teachers to take textbooks out of the classroom because it 'stiffled' creativity. All of this created the students unable to read and do math and it was all done for an excuse to send in the education corporations. So, since 1990s we have seen more and more of education spending going to build these global education corporations as student achievement bottomed moving the US to last in the developed world.
IT WAS OBSCENE TAKING A #1 RANKED US PUBLIC EDUCATION SYSTEM TO THIS DEGRADATION JUST TO MAKE MARKETS.
We must get these corporate pols out of office so we can rebuild a strong, public education system. A domestic democracy needs strong public education to produce good leaders and public officials.
New Rules, New Schools, New Market - Education Industry Home
K12 Funding Just Now ... changes began to take hold in the late 1990s and early 2000s. ... ensuring that every public K12 student in the United States is ...
This is who Obama, Clinton, O'Malley, the Maryland Assembly, and Baltimore City Hall work for.......they could care less about public education, education access, quality education.....it is all about sending more money to these markets.
THIS IS HOW REPUBLICANS THINK----NEO-LIBERALS ARE NOT DEMOCRATS FOLKS----STOP RE-ELECTING THEM.
We need labor and justice to stop supporting these corporate pols and start running and supporting labor and justice candidates in all primaries.
Can Apollo Education Group Inc (APOL) Outgrow ITT Educational Services, Inc. (ESI) and Strayer Education Inc (STRA)?
by Motley Fool on January 6, 2014
Apollo Education Group Inc (NASDAQ:APOL) will release its quarterly report on Tuesday, and investors have been pleased by the positive turn that the for-profit education company’s stock has taken in recent months. Yet even with big gains for its shareholders, Apollo Education Group Inc (NASDAQ:APOL) still faces tough competition from ITT Educational Services, Inc. (NYSE:ESI) and Strayer Education Inc (NASDAQ:STRA) , along with plenty of other rivals in the for-profit industry.
Apollo Education Group Inc (NASDAQ:APOL) and just about all of its industry peers have faced tough times in recent years as criticism about the mixed results that students of for-profit educational institutions have had in getting jobs and repaying student loan debt after finishing school has led to regulatory scrutiny. As a result, Apollo Education Group Inc(NASDAQ:APOL) has had to regroup and try to emphasize its competitive advantages over ITT Educational Services, Inc. (NYSE:ESI), Strayer Education Inc (NASDAQ:STRA), and its other rivals. Can the company behind the University of Phoenix keep its leadership role and give investors positive returns in the future? Let’s take an early look at what’s been happening with Apollo Education Group Inc (NASDAQ:APOL) over the past quarter and what we’re likely to see in its report.
Stats on Apollo Education Group Inc (NASDAQ:APOL)
Analyst EPS Estimate$0.90Change From Year-Ago EPS(26%)Revenue Estimate$860.58 millionChange From Year-Ago Revenue(18.4%)Earnings Beats in Past 4 Quarters4Source: Yahoo! Finance.
Can Apollo Education Group Inc (NASDAQ:APOL) earnings keep up their positive trend?
Analysts have gotten more optimistic about Apollo Education Group Inc (NASDAQ:APOL) earnings in recent months, boosting their November-quarter estimates by $0.04 per share and their full-year fiscal 2014 and 2015 projections by a much more substantial 17% and 28%, respectively. The stock has also soared, gaining almost 30% since early October.
Apollo had nothing but good news in most investors’ eyes in its August-quarter report, with the stock climbing more than 25% in the two days after the company announced its results. A 15% drop in revenue looked scary, but it was less extreme a decline than investors had expected to see. Moreover, Apollo Education Group Inc (NASDAQ:APOL) delivered huge outperformance on the adjusted earnings front, more than doubling projections.
Yet, more troubling numbers hid behind the headlines. Apollo’s overall enrollment fell more than 18% during the quarter, with new student enrollment plunging more than 22%. Those enrollment figures are consistent with declines at rivals DeVry Education Group Inc (NYSE:DV) and Bridgepoint Education Inc (NYSE:BPI) over the past year, although Bridgepoint Education Inc (NYSE:BPI) only started seeing new-enrollment declines take hold in 2013.
In response, Apollo anticipates continuing its restructuring efforts in an attempt to cut costs. The for-profit educator expects total reductions in fixed operating costs to total $650 million, with about $300 million coming in fiscal 2014. Already, the roughly $350 million in reductions played a key role in Apollo Education Group Inc (NASDAQ:APOL)’s projections for $375 million to $450 million in operating income in fiscal 2014, and that guidance gives Apollo Education Group Inc (NASDAQ:APOL) a fighting chance to stop the downward trend in its operating income and begin a more lasting recovery.
Nevertheless, Apollo Education Group Inc (NASDAQ:APOL), DeVry Education Group Inc (NYSE:DV), Strayer Education Inc (NASDAQ:STRA), and all of their peers face ongoing scrutiny from those who don’t trust the for-profit education business model. Between Senate investigations of alleged unethical or illegal activity and new statistics about the failure rates of online-based education generally, Apollo Education Group Inc (NASDAQ:APOL) will continue to face pressure to rebuild its reputation as an enabler of career success.
In the Apollo Education Group Inc (NASDAQ:APOL) earnings report, watch to make sure that the company is following through on its predictions that its business would bottom out and start to grow again in the current fiscal year. Without signs of progress, Apollo Education Group Inc (NASDAQ:APOL) could give back much of its gains from recent months.
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