A year ago, EDMC's stock dropped on news that the Obama administration was going to enforce strict regulation on for-profit schools. That was close! Thank heavens for lobbyists!
This certainly sounds like a factor, if not the main reason, for Snowe's decision not to run for reelection. Maybe it was the final straw, since Snowe was also facing a primary challenge from the tea party:
Last August, while Sen.
Maine Republican Senator Olympia Snowe has announced her retirement. A moderate Republican, who has often voted with Democrats in the Senate cited the extreme partisanship of recent years as her reasoning. In a statement Snowe said,... Read Post
Big news from Maine today:Sen. Olympia Snowe, R-Maine, announced this afternoon that she has decided not to run for re-election after 33 years in Congress.In a statement issued by her campaign, Snowe said that both she and her husba... Read Post