Quick Takes: Apollo's Stock Option Woes, Indiana Governor's Big Plan for Higher Ed, Pipe Bombs in Dorm, Polarized Views on Stem Cell Research, Flaws Cited in Medical Intern System

December 15, 2006
  • The Apollo Group, which as owner of the University of Phoenix is the largest player in for-profit higher education in the United States, on Thursday announced that some former officials may have concealed information about the handling of stock-option grants, a key issue in light of ongoing investigations by various authorities into stock-option violations at many top American corporations. As a result of Apollo's continuing investigation, the company announced that it would need to delay the release of quarterly and annual financial reports that would normally be due on December 31. Bloomberg reported on some of the details of the problems at Apollo.
  • Indiana Gov. Mitch Daniels on Thursday proposed that the state lottery be leased to generate funds that would allow the state to provide new college loans to any state student who wanted them -- and to forgive the loans if students work in the state after they graduate. While college officials have lined up behind the plan, many legislators have questions, and some have criticized college presidents for endorsing what some lawmakers see as an expansion of gambling, The Indianpolis Star reported.
  • A student at California University of Pennsylvania was arrested by federal agents Thursday after they found 22 pipe bombs in his dorm room and at his parents' home, The Pittsburgh Tribune-Review reported. The student reportedly told authorities he was making fireworks.
  • A national poll of Americans found a slight decline in support for research on stem cells, although a majority still back such studies. The poll, conducted by Virginia Commonwealth University, found that 54 percent of the public backs such research, down from 58 percent a year ago. The percentage opposing increased to 37 percent from 32 percent.
  • Teaching hospitals are giving medical interns too many marathon shifts (of at least 24 consecutive hours) and those shifts are resulting in dangerous medical errors, despite repeated calls for limiting such shifts, according to new research by the Harvard Medical School on practices used nationally. "The evidence demonstrates that academic medicine is failing both doctors and patients by routinely requiring exhausted doctors to work marathon shifts," said Charles Czeisler, a professor of sleep medicine who worked on the project. "The human brain simply does not perform reliably for 24 consecutive hours without sleep."
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