Markets in everything

It's funny but to me this story is more surprising than the usual fare of prediction markets on whether bronzed bones of your ancestors will be transcribed into binary code for your Kindle, or simultaneously used as collateral for CDS swaps and bundled with adultery insurance:

Reached on the phone, Richard A. Hanson isn't quite sure he's ready
to give an interview about this week's sale of Waldorf College. The
college's president has talked quite a bit locally, trying to assure
students, professors and the residents of Forest City, Iowa, that
selling the liberal arts institution to a for-profit, online university
is the best (in fact, only) option.

What persuaded Hanson to
talk about what's happening at Waldorf is the question of whether he
thinks other colleges will soon be facing the same choice. "You are
going to be seeing a lot more of this from colleges like us," he said.

They're actually selling the college.  Hurrah.


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