Earlier this year Education Credit Management Corporation bought 56 campuses from embattled for-profit chain Corinthian Colleges Inc. and took the schools to the nonprofit sector. While that conversion was initiated because of the ongoing collapse and financial problems facing CCI, other college chains have dropped the for-profit status seemingly to pick up hefty profits. [More]
What is a meal at Panera Bread worth to you? A former Panera location in a prosperous St. Louis suburb has reopened as “St. Louis Bread Company Cares,” a restaurant where customers can select a meal, then pay what they think the meal is worth–or as much as they can afford. If customers can’t afford to pay anything, they can volunteer to work there. A not-for-profit foundation runs the restaurant, which opened this week.
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