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Saturday, 02/05/2011 3:11:32 PM

Saturday, February 05, 2011 3:11:32 PM

Post# of 53
“The McGraw-Hill School Education Group's revenue declined by 7.7% in the fourth quarter in 2010, and their Higher Education, Professional and International Group's revenue declined 3.3% in 2010 compared to 2009.” This decline will look infinitesimal when compared to the same figures two years from now. I stated it best in a previous article, “Dump The Publishers Like McGraw-Hill” which is copied below. Read http://fallofthehouseofmcgrawhill.com/ and my other post on the message boards about them and get out while you can.

Dump The Publishers Like McGraw-Hill
The number two prediction of the National Inflation Association top 10 predictions for 2011 is the the beginning of the bankruptcy of the American colleges. The article posted below explains what I have been saying for some time. The college and university system is as corrupt and wasteful as the Federal Government is. The publishing companies that supply the flashy text books at exorbitant prices which students are forced to buy, by demand of corrupt professors who may be the author or aspiring to be one are as guilty as the university system itself. The party is ending and publishing companies like McGraw-Hill who supply such text books are going to take the fall in the next few years. With the the rapid decline of the university population because of the imploding economy and soon to be shut down of the also corrupt student loan scam, there will be no need for more flashy text books. The older ones in the 4th or above additions will be used until the pages fall out and professors will have to actual get off their ass and learn to teach instead of being parasites. Read my free website http://fallofthehouseofmcgrawhill.com/ and sell McGraw-Hill now if you own it and buy it back south of $1.00 per share in 3-5 years from now. Read my other post about the company and corrupt system which is not just limited to Mcgraw-Hill.

2) Colleges will begin to go bankrupt and close their doors.

We have a college education bubble in America that was made possible by the U.S. government's willingness to give out cheap and easy student loans. With all of the technological advances that have been taking place worldwide, the cost for a college education in America should be getting cheaper. Instead, private four-year colleges have averaged 5.6% tuition inflation over the past six years.

College tuitions are the one thing in America that never declined in price during the panic of 2008. Despite collapsing stock market and Real Estate prices, college tuition costs surged to new highs as Americans instinctively sought to become better educated in order to better ride out and survive the economic crisis. Unfortunately, American students who overpaid for college educations are graduating and finding out that their degrees are worthless and no jobs are available for them. They would have been better off going straight into the work force and investing their money into gold and silver. That way, they would have real wealth today instead of debt and would already have valuable work place experience, which is much more important than any piece of paper.

Colleges and universities took on ambitious construction projects and built new libraries, gyms, and sporting venues, that added no value to the education of students. These projects were intended for the sole purpose of impressing students and their families. The administrators of these colleges knew that no matter how high tuitions rose, students would be able to simply borrow more from the government in order to pay them.

Americans today can purchase just about any type of good on Amazon.com, cheaper than they can find it in retail stores. This is because Amazon.com is a lot more efficient and doesn't have the overhead costs of brick and mortar retailers. NIA expects to see a new trend of Americans seeking to become educated cheaply over the Internet. There will be a huge drop off in demand for traditional college degrees. NIA expects to see many colleges default on their debts in 2011. These colleges will be forced to either downsize and educate students more cost effectively or close their doors for good.