About the network

15 unions worldwide have now signed an international agreement on defending education and employment standards in the context of global marketisation. Together, these unions represent more than half a million tertiary education workers around the world.

The deepening global recession and the cutting back of public provision will only give greater encouragement to a burgeoning private sector, making the international agreement only more relevant and important.

We are now turning this community of over 500,000 academics into something tangible.

    Translate to:

More woes for University of Phoenix

The news just keeps getter worse for the Apollo Group and its flagship University of Phoenix. The state of Oregon has announced that it’s suing the company for $US 10 million for securities fraud.

The state’s treasurer and attorney general claim the University of Phoenix prepared misleading  financial statements. The for-profit college allegedly overstated its revenue between 2007 and 2010 by failing to account for losses that were a result of student withdrawals from classes. That practice, the state says, cost the Oregon Public Employee Retirement Fund roughly $10 million.

Oregon’s Attorney General John Kroger put it bluntly: “Companies that cook their books will have to answer to Oregon in court.”

Bookmark and Share

Leave a Reply




You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>