The breakup came unexpectedly and without explanation.
After years of partnering with Jackson Memorial Hospital, Miami Dade College was tersely informed that its medical ultrasound students would have to find someplace else to train. Jackson would no longer provide the hands-on instruction students needed to graduate.
Behind the scenes, Jackson was being aggressively courted by a fast-growing for-profit school: Dade Medical College. Dade Medical lacked MDC's long track record and strong academic reputation, but it was willing to do something the public school could not: pay for access.
In 2010, Dade Medical and Jackson signed a deal that paid the hospital $7,500 for each ultrasound student training spot. To date, Dade Medical has paid the hospital more than $330,000.
As a state-funded community college with a tight budget, MDC couldn't compete, said Medical Campus President Armando Ferrer -- at least not without hiking tuition costs. A two-year ultrasound degree at MDC costs about $8,500. A similar degree from Dade Medical runs $47,050.
"Basically we cannot afford to pay for clinical sites, because we would have to pass that on to our students," Ferrer said. "We try to maintain the lowest cost that we can, with the highest quality."
MDC's experience reflects an emerging education and healthcare concern: With a growing number of health-related colleges, many of them for-profit, competition for essential training spots has become increasingly fierce. In nursing, the Florida Legislature directly encouraged this heightened competition, thanks to laws passed in 2009 and 2010 that made it easier for colleges to get new nursing programs approved.
The Maldives Supreme Court sentences the entire election commission to six months in jail, suspended for three years, for "disobeying orders".
Plush toy game control designers ZowPow have cut through the hype and the noise at SXSW Interactive with their latest creation, a cuddly Flappy Bird that allows you to play the 'classic' arcade game through real-world interaction
Burnley striker seals 2-1 victory over Blackburn Rovers as Sean Dyche's team go eight points clear of promotion chasers
Tonight, March 9, is the first season finale of HBO's "Looking." The series about gay men in modern-day San Francisco has already been renewed for a second season, so here are some things we would like to see next season:More San Francisco The city plays a major part in the series, and even only after one season "Looking" is already one of the best depictions of San Francisco in TV history.More Digital Dating Woes Preach.Less Augustin By far the most annoying. His character is the definition of a fixer-upper.More Scott Bakula If only all of us could age this well.More Doris Because she's the best.More Life Advice Simple words of wisdom we could all use more of.More Of Dom's Mustache It. Is. Epic.More Kissing The on-screen chemistry is electric.More Great Music Just listen to this playlist.
More Fitness Classes Dom loves him some Zumba.A Return to the Folsom Street Fair Another reason for Jonathan Groff to break out this leather vest!More Of This Friendship It's nice to see friends who are always there for one another like Patrick, Dom and Augustin are.The "Looking" season finale airs March 9 at 10:30 p.m. on HBO.
BETTER than predicted jobs data out of the US boosts the greenback forcing it higher against the NZ dollar.
CABLE-TV company Comcast is investing hundreds of millions of dollars in US theme parks in a challenge to Disney's hold on the tourism market.
C.J. Fair scored 22 points and No. 7 Syracuse closed the regular season with a 74-58 victory in the program's first trip to Florida State.
Manchester City manager accuses his players of complacency after being knocked out of the FA Cup by Wigan Athletic in a 2-1 defeat
Noah, Augustin lead Bulls over Heat 95-88 in OT
The grim conditions endured by thousands of people jailed by Egypt's new military government have been revealed in footage smuggled out of one of the country's maximum security prisons
William Clay Ford Sr. was also owner of the NFL's Detroit Lions and father of William Clay Ford Jr., the automaker's current executive chairman
Tracy Collins, or Tracy Dot Com to her many fans, spotlights her entertainment picks for the upcoming week and weekend.
Jax Beach Art Walk, 5-9 p.m. Tuesday, Downtown Jacksonville Beach. Free: Better Jacksonville Beach celebrates artists of all genres at various venues and sidewalk studios every second Tuesday of the month. Come check out art work, listen to some great music and visit local restaurants at this family-friendly event.
Investors can't bail fast enough on emerging markets at the moment. And rightly so, given the potential for further problems as I highlighted in last week's post, Emerging Market Banking Crises Are Next. But the indiscriminate sell-off of emerging markets also opens up some potential opportunities. Asia Confidential thinks South Korea stands out as one such opportunity. South Korea isn't really an emerging market though. It's a US$1.1 trillion economy, the 15th largest in the world. With populations above 50 million, the economy ranks 7th globally. Nonetheless, those in charge of indices such as MSCI still classify South Korea as an emerging market. Which should make you question the entire notion of "emerging markets", as I do. That aside, South Korea has tremendous long-term prospects. It's an open economy with a robust democracy. It's a world-class manufacturer which has every chance of becoming the next Germany. It has a highly educated and hard working labor force. Unlike its former coloniser, Japan, it's shown the ability to adapt and reinvent itself. And importantly, the prospect of reunification with North Korea in the not-too distant future would prove a tremendous boon for the South and drive an unprecedented investment boom. The short-term outlook is bright too. Unlike many other emerging markets, South Korea runs a current account surplus and therefore isn't vulnerable to capital outflows from QE tapering. It also never had the credit boom that other Asian countries experienced. Significantly, it's highly exposed, via exports, to economic recoveries in the US and Europe (the latter being more dubious than the former). To top it off, South Korea is the cheapest country in Asia with a 2014 price to earnings ratio (PER) of just 8.8x. There are a number of world-class companies in South Korea trading at just 6x earnings. Bargains in plain sight, you might say. Emerging market, really? To get a sense of the long-term opportunity, it's important to understand a brief bit of history. South Korea tends to get lost in the headlines of much larger neighbours, China and Japan. Only the threat of North Korean conflict or music poking fun at rich people (Gangnam style) occasionally breaks this trend. But the success story of South Korea is on par with its neighbours. As many of you would know, South Korea was brutally occupied by Japan from 1910-1945. Post-World War Two, it was split into North and South Korea by the US and Soviet Union. The Cold War was the central driver to the Korean War soon after. The 1953 armistice signed at the conclusion of the war split the peninsula along a demilitarised zone. Technically, South and North Korea are still at war. Some 2 million troops patrol the demilitarised zone, making it the most heavily-guarded border in the world. Fast forward to 1961 and the rise of Park Ching-hee to the leadership. Chung-hee is known for being the most important ruler in South Korea's history. When he came to power, South Korea's GDP per capita was just US$72. Needless to say, a very poor country. Chung-hee drove South Korea into the modern age with often brutal efficiency. He did this through export-led industrialisation and oversaw the creation of the now-famous conglomerates known as chaebol. Along with Hong Kong, Singapore and Taiwan, South Korea became known as one of the four "Asian Tiger" economies. During the 1970s though, economic growth slowed as the investment-led model ran out of steam. And resentment grew towards Chung-hee's authoritarian rule. The President was subsequently assassinated in 1979. South Korea recovered and, along with many other Asian countries, experienced rapid growth in the early-to-mid 1990s. When exploding foreign debts led to the collapse of Asian currencies, South Korea had to go to the IMF for a record US$58 billion bail-out package. This was humiliating to a proud nation. South Korea handled the Asian crisis in a very different way to other countries, however. People in countries elsewhere moved their money to the Cayman Islands for protection. In contrast, South Koreans banded together, determined to pay off the debts. People queued up for hours to donate jewelry to the cause. Unlike a number of other Asian countries, South Korea also let companies fail instead of bailing them out. Some 40% of the biggest companies were allowed to go under. This included multinationals such as Daewoo. Staggeringly, the IMF debt was repaid by 2001 and South Korea's economy was back on track. South Korea's adaptability under dire circumstances stands in stark contrast to others. Its once colonial master, Japan, hasn't shown the same attributes since 1990. And Taiwan, another former Japan colony, has also failed to remake itself post the crisis. From 1998, the chaebol brought in professional managers to oversee operations, while the founding families retained control over strategic decisions. They moved fast to build plants in China to give them a low-cast labor advantage. They outspent rivals on research and development. And they weren't afraid to expand abroad and take on the big boys. Hyundai is a case in point. It first entered the North American car market in 1986. Funnily enough, its cars initially met with some success as Americans mistook them for Honda cars (they had similar logos). Post that, Hyundai's cars became a bit of a joke, known for poor design and numerous quality issues. Instead of retreating though, Hyundai doubled down. In 1998, it offered a ten-year warranty, more than twice its competitors. The move was laughed at by many. By it proved a game-changer for the company and the industry. In 2005, Hyundai opened its first American plant in Alabama. US competitors dismissed the move, given the enormous problems they were having with high-cost union labor forces in Detroit at the time. The difference was that Hyundai didn't have these same labor issues. And the plant has now become one of the most efficient in the US. Turn to today and Hyundai is one of the world's top-5 car companies. Though it's certainly not the only South Korean company to have proved itself on the world stage. Challenges today South Korea does resemble some other emerging markets in one respect: it relies extensively on an export-led economic model. Exports account for 56% of GDP. And chaebols account for 82% of GDP. It's obvious that the country needs to become less reliant on exports and look to the next drivers of economic growth. Those drivers are likely to come from the still undeveloped services sector. South Korea's leaders realise the urgency of the task. Recently, President Park Guen-hye (daughter of Park Chung-hee) outlined her so-called 474 plan: 4% economic growth, 70% employment rate and average per-capita income of US$40,000. Simply put, the plan involves the following:
KABUL -- Afghanistan's first vice president, Mohammad Qasim Fahim, a polarizing leader whose political and military career spanned the Soviet War and the American invasion, died Sunday. He was 57.
He died of an undisclosed illness, according to Afghanistan's presidential palace.
"... Baroness Amos, now in charge of beating the drum for a war on Syria at the UN. Amos was closely involved as a minister with the EU invasion of Sierra Leone, and shortly after resigning from office became a Director of Sierra Leone's rutile mine, the single most profitable mine in the world."
"According to a United Nations report issued last month, demolitions of Palestinian houses in the valley reached a five-year high in 2013. In that year, 390 structures were torn down, leaving 590 people -- more than half of them children -- scrambling to find a new place to live."
To figure out two things NHL general managers will be discussing at their annual March meeting, look no further than the controversial game the Los Angeles Kings and Detroit Red Wings played in mid-January.
Ann Houle, who was a cashier for Giant Food for 20 years, died Feb. 6 at her home in Oxon Hill, Md. She was 81.
She had complications from diabetes, her daughter Mary Olien said.
Mrs. Houle began working for Giant in 1967 at a store in Oxon Hill. She worked at a branch of the store in Waldorf, Md., from 1977 until her retirement in 1987.
In this space last week, I mentioned the strange story of Takeo Tamiya, who, as president of the Japan Medical Association, rose to the pinnacle of the Japanese medical profession in the early years after World War II.
One of Japan's most notorious war criminals became president of the Japan Medical Association after World War II. All the evidence is that the Japanese establishment was fully cognizant of his background.
Starting Wednesday night, The Big East Tournament will kick off at Madison Square Garden for the 32nd consecutive year and the 35th overall. For many, though, it won't feel anything like the Big East Tournaments of old, which featured local college powerhouses Syracuse and UConn. Both schools are driving distance from Manhattan and have big local alumnae bases in or around New York. Collectively those two teams won the Big East Tournament 13 times, or 37% of the time it has been played since 1980. As a result of those 13 wins and the, Big East Tournament tickets have often been amongst the most expensive conference tournament in college basketball. This year, with Syracuse playing in the ACC Tournament and UConn playing in the AAC tournament, prices for the Big East on the secondary market are down 11% compared to last year. There are also still tickets available on the primary market, which is not something that has been the case in years past. As of this morning, about 30% of seats were still available on the primary market for the finals, which means that prices will likely drop from the current average price. A final appearance by number-one-ranked Villanova would likely help buoy prices, as they have a large tri-state alumnae base. Number-two-ranked Creighton, on the other hand, is based in Omaha, Nebraska and would likely not be a big draw. A run by number-five-ranked St. John's would also likely help drive up demand and prices.
Gourmet foods in demand in India
Delhi's expatriate shoppers are fuelling a rising demand for shops stocking gourmet foodstuffs, including guinea fowl, truffles and smoked salmon.
Michael Yasher, a certified public accountant who worked at the General Accounting Office for almost 30 years, died Feb. 27 at the University of Maryland Charles Regional Medical Center in La Plata, Md. He was 85.
""A democratically elected government, albeit with a lot of blood on its hands, is ousted by an opposition that includes fascists from the Right Sector and Svoboda parties. The new junta, though not elected, is greeted by the western powers as 'the government of Ukraine', its foreign secretary fêted in the Europole." "Meanwhile the US, heir to British imperial ambitions in central Asia, remains in Afghanistan and roundly condemns Russian assertiveness. Sevastopol makes for an interesting comparison with Guantánamo, another naval base leased from its host country (though Havana never cashes the cheques). That of course is in 'America's backyard', which now seems to stretch over to the Aral Sea and beyond: the US, directly or via proxies, has been in Afghanistan for thirty-odd years.""