Victoria's economy is going so strong, even schools are shutting...

  1. 666 Posts.
    Victoria's economy is going so strong, even schools are shutting up shop.

    Another indicator to hold cash.

    "Private school may shut with $18m debt"

    "One of the largest private schools in Melbourne's outer western suburbs is facing closure after racking up debts of $18 million, leaving more than 1000 students in the lurch.

    Mowbray College, which has three campuses in Melton and Caroline Springs, has gone into administration, with anxious parents already struggling to find alternative schools in the burgeoning growth corridor."

    http://www.theage.com.au/victoria/private-school-may-shut-with-18m-debt-20120529-1zgp1.html
 
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