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University Of Phoenix
University of Phoenix (UoPX) is a Private university, private For-profit higher education in the United States, for-profit university headquartered in Phoenix, Arizona. Founded in 1976, the university confers certificates and degrees at the Academic certificate, certificate, Associate's degree, associate, bachelor's, master's, and doctorate, doctoral degree levels. It is institutionally accredited by the Higher Learning Commission and has an open admissions, open enrollment admissions policy for many undergraduate programs. The school is owned by Apollo Global Management and Vistria Group. History Foundation and rapid growth (1970s–2000s) University of Phoenix was founded in 1976 by John Sperling and John D. Murphy. In 1980, it expanded to San Jose, California, and launched its online program in 1989. Much of UoPX's revenue came from employers who were subsidizing the higher education of their managers. Academic labor underwent a process of unbundling, in which "various compo ...
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John Sperling
John Glen Sperling (January 9, 1921 – August 22, 2014) was an American billionaire businessman who is credited with having led the contemporary for-profit education movement in the United States The fortune he amassed was based on his founding of the for-profit University of Phoenix for working adults in 1976, which became part of the publicly traded Apollo Group. Sperling brought the business model of higher education to the forefront, a model that employed the scientific management of higher education to the forefront: diminishing the power and importance of labor, increasing the importance of technology, marketing and advertising, and as University of Phoenix cofounder John D. Murphy explained, maximizing profit. For ventures ranging from pet cloning to green energy, he has widely been described as an "eccentric" self-made man by ''The Washington Post'' and other media. Early life and education Sperling was born to a poor sharecropper family in the Missouri Ozarks. His fath ...
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Apollo Education Group
Apollo Education Group, Inc. is an American corporation based in the South Phoenix area of Phoenix, Arizona, with an additional corporate office in Chicago, Illinois. It is privately-owned by a consortium of investors including The Vistria Group, LLC and funds affiliated with Apollo Global Management, LLC. The company owns and operates the University of Phoenix and has previously owned enterprises including BPP Holdings in the United Kingdom, University for the Arts, Sciences, and Communication in Santiago, Chile, and Universidad Latinoamericana in Mexico. History Founding Apollo Education Group, Inc. was founded in 1973 by John Sperling and John D. Murphy. Apollo Group as a Publicly Traded Corporation (1994–2016) Corporate revenues for the year ending August 31, 2005 were $2.251 billion. In 2008, Apollo Group formed a joint venture with Carlyle Group, called Apollo Global, to make international acquisitions. Apollo also purchased schools in Mexico and Chile As of 5 Oc ...
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Private University
Private universities and private colleges are higher education institutions not operated, owned, or institutionally funded by governments. However, they often receive tax breaks, public student loans, and government grants. Depending on the country, private universities may be subject to government regulations. Private universities may be contrasted with public universities and national universities which are either operated, owned or institutionally funded by governments. Additionally, many private universities operate as nonprofit organizations. Across the world, different countries have different regulations regarding accreditation for private universities and as such, private universities are more common in some countries than in others. Some countries do not have any private universities at all. Africa Egypt Egypt currently has 21 public universities with about two million students and 23 private universities with 60,000 students. Egypt has many private universities in ...
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Unbundling
Unbundling is the process of breaking up packages of products and services that were previously offered as a group, possibly even free.https://groups.google.com/d/topic/alt.folklore.computers/RZA6FD27Tc0 a discussion group: OS/360: Forty years Unbundling has been called "the great disruptor". Etymology "Unbundling" means the "process of breaking apart something into smaller parts". In the context of mergers and acquisitions, unbundling refers to the "process by which a large company with several different lines of business retains one or more core businesses and sells off the remaining assets, product/service lines, divisions or subsidiaries." Examples *Massive open online courses are "part of a trend towards the unbundling of higher education" by providing access to recorded lectures, online tests, and digital documents as a complement to traditional classroom instruction. Online program management providers are also increasingly unbundling services in higher education, which s ...
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Phoenix Business Journal
American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes ''The Business Journals'', which contains local business news for 44 markets in the United States with each market's edition named for that market, and also publishes ''Hemmings Motor News'' and ''Inside Lacrosse''. The company is owned by Advance Publications and receives revenue from display advertising and classified advertising in its weekly newspaper and online advertising on its website and from a subscription business model. The bizjournals.com website, using the overarching online title ''The Business Journal'', contains local business news from various cities in the United States, along with an archive that contains more than 5 million business news articles published since 1996. it receives over 3.6 million readers each week. History American City Business Journals, Inc. was founded in 1982 by Mike K. Russell with the launch of the ''Kansa ...
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Overtime
Overtime is the amount of time someone works beyond normal working hours. The term is also used for the pay received for this time. Normal hours may be determined in several ways: *by custom (what is considered healthy or reasonable by society), *by practices of a given trade or profession, *by legislation, *by agreement between employers and workers or their representatives. Most national countries have overtime labour laws designed to dissuade or prevent employers from forcing their employees to work excessively long hours (such as the situation in the textile mills in the 1920s). These laws may take into account other considerations than humanitarian concerns, such as preserving the health of workers so that they may continue to be productive, or increasing the overall level of employment in the economy. One common approach to regulating overtime is to require employers to pay workers at a higher hourly rate for overtime work. Companies may choose to pay workers higher overt ...
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United States Department Of Labor
The United States Department of Labor (DOL) is one of the executive departments of the U.S. federal government. It is responsible for the administration of federal laws governing occupational safety and health, wage and hour standards, unemployment benefits, reemployment services, and occasionally, economic statistics. It is headed by the secretary of labor, who reports directly to the president of the United States and is a member of the president's Cabinet. The purpose of the Department of Labor is to foster, promote, and develop the well-being of the wage earners, job seekers, and retirees of the United States; improve working conditions; advance opportunities for profitable employment; and assure work-related benefits and rights. In carrying out this mission, the Department of Labor administers and enforces more than 180 federal laws and thousands of federal regulations. These mandates and the regulations that implement them cover many workplace activities for about 10 ...
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Austin Business Journal
American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes ''The Business Journals'', which contains local business news for 44 markets in the United States with each market's edition named for that market, and also publishes '' Hemmings Motor News'' and '' Inside Lacrosse''. The company is owned by Advance Publications and receives revenue from display advertising and classified advertising in its weekly newspaper and online advertising on its website and from a subscription business model. The bizjournals.com website, using the overarching online title ''The Business Journal'', contains local business news from various cities in the United States, along with an archive that contains more than 5 million business news articles published since 1996. it receives over 3.6 million readers each week. History American City Business Journals, Inc. was founded in 1982 by Mike K. Russell with the launch of the ''K ...
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The Arizona Republic
''The Arizona Republic'' is an American daily newspaper published in Phoenix. Circulated throughout Arizona, it is the state's largest newspaper. Since 2000, it has been owned by the Gannett newspaper chain. History Early years The newspaper was founded May 19, 1890, under the name ''The Arizona Republican'', by Lewis Wolfley, Clark Churchill, John A. Black, Robert H. Paul, Royal A. Johnson, and Dr. L. C. Toney. Six years later, they would sell the paper to “an experienced newspaperman” from Washington, DC, Charles C. Randolph. On April 28, 1909, the newspaper notified its readers that local businessmen S. W. Higley and Sims Ely purchased the newspaper from George W. Vickers, and would run the paper as president and general manager, respectively. They co-owned the newspaper until December 1911, Higley purchased Ely’s interest in the paper. S. W. Higley would hold sole ownership of the Arizona Republican, serving as president and manager until its sale to Dwight B ...
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The Wall Street Journal
''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscription model, requiring readers to pay for access to most of its articles and content. The ''Journal'' is published six days a week by Dow Jones & Company, a division of News Corp. As of 2023, ''The'' ''Wall Street Journal'' is the List of newspapers in the United States, largest newspaper in the United States by print circulation, with 609,650 print subscribers. It has 3.17 million digital subscribers, the second-most in the nation after ''The New York Times''. The newspaper is one of the United States' Newspaper of record, newspapers of record. The first issue of the newspaper was published on July 8, 1889. The Editorial board at The Wall Street Journal, editorial page of the ''Journal'' is typically center-right in its positio ...
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Arizona Republic
''The Arizona Republic'' is an American daily newspaper published in Phoenix. Circulated throughout Arizona, it is the state's largest newspaper. Since 2000, it has been owned by the Gannett newspaper chain. History Early years The newspaper was founded May 19, 1890, under the name ''The Arizona Republican'', by Lewis Wolfley, Clark Churchill, John A. Black, Robert H. Paul, Royal A. Johnson, and Dr. L. C. Toney. Six years later, they would sell the paper to “an experienced newspaperman” from Washington, DC, Charles C. Randolph. On April 28, 1909, the newspaper notified its readers that local businessmen S. W. Higley and Sims Ely purchased the newspaper from George W. Vickers, and would run the paper as president and general manager, respectively. They co-owned the newspaper until December 1911, Higley purchased Ely’s interest in the paper. S. W. Higley would hold sole ownership of the Arizona Republican, serving as president and manager until its sale to Dwight B ...
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Higher Education Act Of 1965
The Higher Education Act of 1965 (HEA) () was legislation signed into Law of the United States, United States law on November 8, 1965, as part of President Lyndon Johnson's Great Society domestic agenda. Johnson chose Texas State University (then called "Texas State University#Name changes, Southwest Texas State College"), his alma mater, as the signing site. The law was intended "to strengthen the educational resources of our colleges and universities and to provide financial assistance for students in postsecondary and higher education". It increased federal money given to universities, created scholarships, gave low-interest loans for students, and established a National Teachers Corps. The "financial assistance for students" is covered in Title IV of the HEA. The Higher Education Act of 1965 was reauthorized in 1968, 1972, 1976, 1980, 1986, 1992, 1998, and 2008. The current authorization for the programs in the Higher Education Act expired at the end of 2013 but has been ex ...
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