NewsFeeds 12.31.10

Dominion power rates going up as credits expire (Virginian-Pilot)
Dominion Virginia Power customers will see their bills rise next month when the credits that they have received for most of this year as part of the company’s rate settlement expire.

For-Profit Colleges Charging More While Doing Less for Poorest (Business Week)
The industry has tripled enrollment to 1.8 million in the past decade by pouring billions of dollars into marketing and recruiting, offering flexible online classes and outfitting more-modern campuses while states slash funding for community colleges. As much as 90 percent of revenue at each for-profit college comes from federal student aid.

New Capital for Groupon Sets Stage for an Offering (NY Times)
The 30-year-old founder and chief executive of Groupon, Andrew Mason, could raise as much as $950 million from investors in the next few weeks, laying the groundwork for a multibillion-dollar initial public offering in 2011.

Tough Year for Business? Try Living in a Disaster Zone (WSJ)
While U.S. entrepreneurs continued to struggle in 2010—facing tight credit markets and weak consumer spending—those problems paled in comparison to what business owners faced in the world’s more troubled regions.

In Search of the Next Big Thing (Inc.)
Eugene Fitzgerald, an MIT professor of materials science, talks about how the U.S. can still be an innovation leader.

The Weekly Wind-Down: New Yorker Cartoon
Not the funniest one we’ve ever found, but worth a smile.

Dominion power rates going up as credits expire (Virginian-Pilot)
Dominion Virginia Power customers will see their bills rise next month when the credits that they have received for most of this year as part of the company’s rate settlement expire.

For-Profit Colleges Charging More While Doing Less for Poorest (Business Week)
The industry has tripled enrollment to 1.8 million in the past decade by pouring billions of dollars into marketing and recruiting, offering flexible online classes and outfitting more-modern campuses while states slash funding for community colleges. As much as 90 percent of revenue at each for-profit college comes from federal student aid.

New Capital for Groupon Sets Stage for an Offering (NY Times)
The 30-year-old founder and chief executive of Groupon, Andrew Mason, could raise as much as $950 million from investors in the next few weeks, laying the groundwork for a multibillion-dollar initial public offering in 2011.

Tough Year for Business? Try Living in a Disaster Zone (WSJ)
While U.S. entrepreneurs continued to struggle in 2010—facing tight credit markets and weak consumer spending—those problems paled in comparison to what business owners faced in the world’s more troubled regions.

In Search of the Next Big Thing (Inc.)
Eugene Fitzgerald, an MIT professor of materials science, talks about how the U.S. can still be an innovation leader.

The Weekly Wind-Down: New Yorker Cartoon
Not the funniest one we’ve ever found, but worth a smile.

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