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The Economist
The Economist
29 Aug 2024


NextImg:The education business
United States | 180 degrees

The education business

For-profit colleges in America would have very different futures under Donald Trump or Kamala Harris

|WASHINGTON, DC

Donald Trump and Kamala Harris are at odds on many policy issues, but one topic is particularly personal for both: for-profit colleges. Mr Trump once owned a for-profit college, predictably called Trump University. He agreed to pay $25m in 2016 to settle lawsuits brought by students alleging their alma mater had not taught them anything. Three years earlier, as California’s attorney-general, Ms Harris went after a different for-profit college. She sued the now-defunct Corinthian Colleges for “predatory and unlawful practices” and won $1.2bn.

To hold the Senate, Democrats have to do something extraordinary

They must pull off the biggest reversal of electoral disadvantage since 1978

Why Texas Republicans are souring on crypto

Playing the state’s energy market has become more profitable than mining bitcoin


Jerome Powell, chairman of the Federal Reserve

Neither market turbulence nor Donald Trump’s stormy bombast can ruffle the Fed’s calm pilot


Kamala Harris completes her reinvention

As the Democrats’ convention ends, the general election begins in earnest