
Michael Burry, the legendary investor who predicted the 2008 crash, just made his biggest bearish bet ever – a staggering $1.6 billion against the U.S. stock market. He’s not just talking about a crash anymore; he’s putting his money where his mouth is. Even more shocking? He’s completely exited his U.S. positions and is betting big on China.

Every day brings revelations about how corrupt the US government is. Every day the Department of Government Efficiency ( DOGE) reports on one agency or another that they have taken over and plan to eliminate or downsize. The first targets were the USAID and the US Department of Education.
But this is just the beginning.
Every day is a spectacle, with Elon Musk and a handful of young men taking control over federal agencies. Some call it a coup, though President Trump has granted them the power through executive privilege. Others may call it a mission from God.
There is no telling how far this DOGE takeover will continue, but as long as folks are not protesting, we can expect it to last indefinitely. President Trump has recently mentioned corruption in the Department of Defense, which would be an interesting target to investigate.
In the meantime, President Trump has relaxed enforcement of US law banning bribery of foreign officials.
You can watch the DOGE boys in action through the DOGE tracker. You can also follow crypto trading and prices, which appear to be a key part of the DOGE movement.

The National Center for Education Statistics (NCES) has documented the decline in community college enrollment for more than a decade. And the Higher Education Inquirer has been reporting on the decline for much of that time.
The question we are asking now is, where is the floor for the community college meltdown? The answer, from what we gather, is not clear. Folks should not assume the bottom has already been felt, even if there are signs of a rebound.
The downward path for community colleges is likely the result of several factors related to economics (including the economics of individual states and counties), demographics, and consumer choices. And we do not see these variables, in general, improving in the near future. Especially in states with declining youth and young adult populations.
If state-level austerity lies ahead for many states, the floor could be lowered, even though these community colleges provide job training at a fraction of the cost of state universities. Working class folks, in particular, would have to change the way they think about themselves and their perceptions of community colleges. And community colleges would need to provide stronger returns on investment for those who attend.
There are some bright spots, including the use of College Promise (low-cost college) in many states and proposed increases in funding in California. Community colleges have also shored up these declines with dual enrollment (high school students taking courses).

Overall, enrollment numbers for online robocolleges have increased as full-time faculty numbers have declined. Four schools now have enrollment numbers exceeding 100,000 students.
Here’s a breakdown of the key characteristics of robocolleges:
Concerns:
Here are Fall 2023 numbers (the most recent numbers) from the US Department of Education College Navigator:
Southern New Hampshire University: 129 Full-Time (F/T) instructors for 188,049 students.*
Grand Canyon University 582 F/T instructors for 107,563 students.*
Liberty University: 812 F/T for 103,068 students.*
University of Phoenix: 86 F/T instructors for 101,150 students.*
University of Maryland Global: 168 F/T instructors for 60,084 students.
American Public University System: 341 F/T instructors for 50,187 students.
Purdue University Global: 298 F/T instructors for 44,421 students.
Walden University: 242 F/T for 44,223 students.
Capella University: 168 F/T for 43,915 students.
University of Arizona Global Campus: 97 F/T instructors for 32,604 students.
Devry University online: 66 F/T instructors for 29,346 students.
Colorado Technical University: 100 F/T instructors for 28,852 students.
American Intercontinental University: 82 full-time instructors for 10,997 students.
Colorado State University Global: 26 F/T instructors for 9,507 students.
South University: 37 F/T instructors for 8,816 students.
Aspen University 10 F/T instructors for 5,195 students.
National American University 0 F/T instructors for 1,026 students
*Most F/T faculty serve the ground campuses that profit from the online schools.
Related links:
Wealth and Want Part 4: Robocolleges and Roboworkers (2024)
Robocolleges, Artificial Intelligence, and the Dehumanization of Higher Education (2023)


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Books
Bledstein, Burton J. (1976). The Culture of Professionalism: The Middle Class and the Development of Higher Education in America. Norton.
Groeger, Cristina Viviana (2021). The Education Trap: Schools and the Remaking of Inequality in Boston. Harvard Press.
Hampel, Robert L. (2017). Fast and Curious: A History of Shortcuts in American Education. Rowman & Littlefield.
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