Why an Ed-Tech Behemoth Unraveled

Anthology lost nearly $80 million over the past two years, according to court filings. Photo illustration by Justin Morrison/Inside Higher Ed | DenisKot/iStock/Getty Images After years of chasing growth through mergers and acquisitions, the education-technology behemoth Anthology Inc. has more than $1 billion in debt and declared Chapter 11 bankruptcy last week. The breakup of this big company…

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No Cookies To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to…

South Korean loan sharks target teen gamblers

Loan sharks in South Korea are continuing to lend money to teenagers with gambling addiction, according to a recent report by Chungnam Ilbo. This comes despite a months-long government crackdown, with lenders continuing to issue high-interest “proxy loans” to minors in the country. The report claims that these illegal operators “primarily” target teens who need…