Pearson sales fall despite rise in online courses

Penguin books
Penguin books on a shelf. Last year Pearson struck a £530m deal to sell its stake in Penguin Random House. Photo: Stefan Wermuth/Reuters

Sales at education giant Pearson (PSON.L) fell 10% in the three months to September as a slump in its textbook and testing business eclipsed a rise in online learning.

It was the third consecutive quarter of decline, but an improvement on the second quarter’s 28% fall.

The FTSE 100 publisher, which is transitioning from traditional textbooks to digital, has suffered from tumbling sales this year as schools and testing centres shut in response to the COVID-19 pandemic.

However, digital revenue did manage to soften the pandemic blow as its online education business posted a 32% increase.

Enrolment in virtual schools jumped 41% in the first nine months of the year but overall sales were 14% lower in the period compared with 2019.

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Moving Average Crossover Alert: RISE Education Cayman

RISE Education Cayman Ltd REDU is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for REDU broke out above the 200 Day Simple Moving Average, suggesting a short-term bullish trend.

This has already started to take place, as the stock has moved higher by 20.9% in the past four weeks. Plus, the company currently has a Zacks Rank #1 (Strong Buy) suggesting that now could definitely be the time for this breakout candidate.

More bullishness may especially be the case when investors consider what has been happening for REDU on the earnings estimate revision front lately. No estimate has gone lower in the past two months, compared to 1 higher, while the consensus estimate has also moved higher too.

So, given this move in estimates, and the positive technical factors,

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Opinion | What We Can Learn From the Rise and Fall of ‘Political Blackness’

What about the ADOS movement? If ADOS activists flounder — they have fixed their gaze on slavery reparations and are intent that the wrong people don’t get in on the action — it will be because their certain-Black-lives-matter-more approach proves politically misjudged. An ambitious goal like reparations may require broad support, and in turn a broad conception of “Black.” Skeptics might think that, as with the prospectors and fortune hunters of “The Treasure of the Sierra Madre,” ADOS’s determination to keep the rewards for themselves imperils the chances of anyone getting them.

By contrast, let’s say you’re concerned about colorism. You might have been among those who were indignant when Zoe Saldana, a light-skinned Black woman, was cast in a biopic about Nina Simone, a dark-skinned Black woman. But if you want to talk about such prejudice, you’ll have to insist on one of the ways in which all Black

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Hartford schools will ‘very likely’ shift to mix of online and in-person learning Oct. 19 as COVID-19 cases rise in the city

Hartford Public Schools will “very likely” decide next week to shift to a hybrid mix of online and in-person learning as a result of a sustained increase in COVID-19 cases, Mayor Luke Bronin said Tuesday, one of several school districts rethinking plans as new coronavirus infections rise statewide.

a man driving a car: Hartford, CT - 8/18/20 - Volunteer Michelle Harter distributes backpacks to students and outside Fred Wish Museum School Tuesday afternoon. Hartford Public Schools donated hundreds of backpacks at four schools Tuesday

© Photo Brad Horrigan | [email protected]/Hartford Courant/TNS
Hartford, CT – 8/18/20 – Volunteer Michelle Harter distributes backpacks to students and outside Fred Wish Museum School Tuesday afternoon. Hartford Public Schools donated hundreds of backpacks at four schools Tuesday

The first day of hybrid learning in Hartford, where students are currently attending in-person classes five days a week, would be Oct. 19, and a decision will be announced on Oct. 12, Bronin and Superintendent Leslie Torres-Rodriguez said.

The city’s announcement Tuesday came less than a week after West Hartford schools decided to delay their transition from a hybrid model to full in-person

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Online learning providers see rise in new instructors, enrolments

Online learning providers have seen a growth in enrolments, both from professionals and students, on their platforms besides a significant increase in the number of new instructors over the past six months. This has been largely prompted by the Covid-19 pandemic, which has led to learners opting for online courses.

“In the last few months, we have witnessed a rise of 200 per cent in the enrolments on our platform. In addition to this, the number of new instructors has also gone up by 125 per cent as now they have more time at their disposal,” said Irwin Anand, Managing Director, Udemy India.

Testing times

Currently, edtech businesses are seeing a boom. These testing times have led to reinforcement that what the company is doing will be more relevant even when the pandemic is over, he added.

The San Francisco-headquartered online course provider Udemy allows the experts to develop courses

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Twin Cities teachers call for more distance learning as coronavirus case numbers rise

As St. Paul teachers and school district leaders argue over when to return to the classroom, a recent surge in confirmed coronavirus cases could push more Minnesota schools to close in favor of distance learning.

a large room with tables and chairs: A classroom is ready for social distance at St. Anthony Park Elementary School in St. Paul on Thursday, Aug. 6, 2020. (John Autey / Pioneer Press)

© Provided by Twin Cities Pioneer Press
A classroom is ready for social distance at St. Anthony Park Elementary School in St. Paul on Thursday, Aug. 6, 2020. (John Autey / Pioneer Press)

A weekly report released Thursday by the state Department of Health shows only 11 counties have a small enough number of new cases that all students should be able to safely take in-person classes. That’s down from 24 counties in last week’s report and 46 one month prior.

The new case rates are intended as a starting point for districts as they consider whether to open their schools.

The rise in new cases has come with a corresponding increase in testing,

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Monroe Middle School switches to online learning after rise in COVID-19 cases | Local Education

School book and apple, generic file photo

Monroe Middle School will be switching to online learning starting Wednesday after an increase in COVID-19 infections among students and staff, the district announced Tuesday. 

Classes will be held digitally until at least Oct. 8. As of 2 p.m., two students and two staff members at the middle school had tested positive, Monroe School District said. An additional 40 students and three staff at the school were quarantined. 

The news comes as several other districts in southern Wisconsin are also moving classes online because of positive COVID-19 cases among students or staff. Belmont Community Schools announced Monday it would close and do online learning for the rest of the week because of two students who tested positive. 

Last week, the Fort Atkinson School District also suspended face-to-face classes and switched to online learning until at least Oct. 5 because of rising cases in Jefferson County. 

Jefferson County COVID-19 caseload pushes Fort Atkinson School District to online learning


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The Rise of Child Labor in the Coronavirus Pandemic

The coronavirus pandemic has forced millions of the world’s poorest children to halt their educations and go to work to help support their families, as schools have closed and parents’ incomes have fallen or vanished.

The children do work that is arduous, dirty and often dangerous: hauling bricks or gravel, scavenging for recyclables, begging or chopping weeds on plantations. Much of their employment is illegal.

It is a catastrophic shift for some of the world’s most vulnerable people, undoing years of gains for education and against child labor, and undermining their prospects of climbing out of poverty. Countless promising students have had their educations cut short, and it remains unclear when schools will reopen. But even when they do, many of the children are unlikely to go back to the classroom.

Here are some key findings of a New York Times report on conditions for these poor children.

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