IT, the Candidates and Employment Predictions
Jan 23rd, 2004Articles of note …
Information Technology and the Presidential Candidates
From CIO magazine, Where the Candidates Stand …
Technology policy ought to be topic number one (or two, or at least three) on the campaign trail, considering its importance to the economy and everyday life. Understandably, candidates are talking about jobs and the mess in Iraq instead.Also from CIO, Training Key to Keeping Jobs in U.S., Grant Gross interviews Representative Sherwood Boehlert who heads the House Science Committee about funding technology innovation and issues in technology related education.
In a Motley Fool article A Revolution in Education, three Virginia colleges are banding together to declare financial independence from the cash-strapped state budget in order to raise tuition as they choose. Tight budgets around the country should open the market to better choices in economical education, including supplementing or taking entire programs online.
This trend bodes well for private educators like Corinthian Colleges (Nasdaq: COCO) and Apollo Group (Nasdaq: APOL) (owner of also-publicly-traded University of Phoenix Online (Nasdaq: UOPX), as well as The Washington Post Company (NYSE:WPO) subsidiary, Kaplan.
Each is currently free cash flow positive and, in some cases, five-year annual growth rates are astounding. (Corinthian, for example, boasted 53% sales growth last fiscal year over the prior year, and 37.2 % annual compounded sales growth over five years!)Lastly, the California Job Journal has a number of future predictions for the job market …
Imagine one day employers bidding for workers in online auctions, work schedules set by the year vs. the week, and colleges offering a degree program in generational mediation.
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