Marketplace Morning Report for Tuesday, June 9, 2015
Airing on Tuesday, June 9, 2015: The U.S. Department of Education has announced that it will forgive the debt of thousands of Corinthian College students—the institution that closed or sold its campuses after the government found evidence of predatory recruiting and falsified placement rates. Plus, amid a huge national push to get more low-income high school graduates to go to college, there’s a growing recognition that, for many students, short-term certifications or trade school may be a better fit. We check in with Oyler School in Cincinnati, where the annual “college day” has adapted to promote other paths to success. And Taobao, a subsidiary of the Chinese e-commerce giant Alibaba is sponsoring same-sex couples who will come to the U.S. to wed. We analyze the business strategy at work—what is risked and what is gained by serving a market that is large but marginalized in China.
Airing on Tuesday, June 9, 2015: The U.S. Department of Education has announced that it will forgive the debt of thousands of Corinthian College students—the institution that closed or sold its campuses after the government found evidence of predatory recruiting and falsified placement rates. Plus, amid a huge national push to get more low-income high school graduates to go to college, there’s a growing recognition that, for many students, short-term certifications or trade school may be a better fit. We check in with Oyler School in Cincinnati, where the annual “college day” has adapted to promote other paths to success. And Taobao, a subsidiary of the Chinese e-commerce giant Alibaba is sponsoring same-sex couples who will come to the U.S. to wed. We analyze the business strategy at work—what is risked and what is gained by serving a market that is large but marginalized in China.
