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☆ A growing number of colleges are rolling out 'no-loan' policies. ‘They are giving them out like candy,’ Yale professor says
▼ + stars: | 2024-02-28 | by ( Jessica Dickler | ) www.cnbc.com time to read: +5 min

Roughly two dozen schools have introduced "no-loan" policies, which means they are eliminating student loans altogether from their financial aid packages. "They are giving them out like candy now," said Menaka Hampole, an assistant professor of finance at Yale School of Management, of the growing number of no-loan policies. "Post-Covid more schools are rolling out no-loan policies mostly on the back of Princeton, which had the money in its endowment to do something," Hampole said. Even if a school has a no-loan policy, that also does not prevent a student or family from borrowing money to help cover their contribution. "No loan doesn't mean free," said Robert Franek, The Princeton Review's editor in chief and author of "The Best 389 Colleges."

Persons: Menaka Hampole, Hampole, Colin Hatton, Hatton, Robert Franek, Nicole Hurd, Hurd, Biden, Terra Gallo, Gallo, Colby, Jackie Hardwick, Hardwick, Randi Maloney, Franek Organizations: Yale School of Management, Princeton, Nationwide, Lafayette College, Finance, Colby College, Colby, The Princeton Locations: Easton , Pennsylvania, Lafayette, Waterville , Maine, Jacksonville , Florida

☆ Sanfordiacaulis: New ancient tree species looks like it could be from the mind of Dr. Seuss
▼ + stars: | 2024-02-02 | by ( Ayurella Horn-Muller | ) edition.cnn.com time to read: +7 min

The authors said these new and unusual fossil trees not only bear a surprising shape reminiscent of a Dr. Seuss illustration, they reveal clues about a period of life on Earth of which we know little. Few tree fossils that date back to Earth’s earliest forests have ever been found, according to Gastaldo. Most ancient tree specimens are relatively small, he noted, and often discovered in the form of a fossilized trunk with a stump or root system attached. Wilf noted via email that the “unusual” new fossil tree was a relic of a time period from which there are almost no tree fossils. The peculiar set of tree fossils presents proof of a “failed experiment of science and evolution,” Stimson added.

Persons: Seuss, ”, Robert Gastaldo, sedimentologist, “, Coauthors Olivia King, Matthew Stimson, Gastaldo, “ gobsmacked, Tim, Laurie Sanford, Stimson, ” Stimson, Peter Wilf, Wilf, ” Wilf, Dr, King, “ We’re, fossilization, ” Gastaldo Organizations: CNN, Colby College, New Brunswick Museum, geosciences, Pennsylvania State University Locations: Canadian, New Brunswick, Waterville , Maine, paleobotanist

☆ OpenAI’s Cast of Characters
▼ + stars: | 2023-11-22 | by ( Jennifer Korn | Paul Glader | ) edition.cnn.com time to read: +12 min

Before OpenAI, Altman was president of Y Combinator, mentoring a host of founders and expanding his network in Silicon Valley. “We are encouraged by the changes to the OpenAI board,” he wrote on X on Wednesday. Mira MuratiNamed by the OpenAI board as Altman’s interim successor on Friday, Murati was replaced by Shear before the weekend was done. In September, she joined the board of directors of Shield AI, a defense technology company building AI pilot technology for aircraft. Will HurdAfter joining the OpenAI board in 2021, Hurd was the third director to exit in 2023.

Persons: OpenAI, Sam Altman, Altman, Elon, Satya Nadella, OpenAI’s ChatGPT, Kiko, Emmett Shear, Y, Nadella, ”, Mira Murati, Murati, Shear, “ Mira, ” Nadella, Ilya Sutskever, Brockman, Sutskever, “, we’ve, Adam D’Angelo D’Angelo, Mark Zuckerberg, D’Angelo, Forbes, ” Bret Taylor, Bret Taylor, Elon Musk, Taylor, Justin Kan, Tasha McCauley McCauley, Joseph Gordon, Levitt, McCauley, Greg Brockman Greg Brockman, Peter Thiel, Musk, Helen Toner Toner, AI’s, Toner, Joshua Kushner Kushner, Kushner, Jared Kushner, Karlie Kloss, Charles Kushner, Donald Trump, Larry Summers Summers, Obama, Clinton, Summers, Shivon Zilis, Zilis, Walter Isaacson, Will Hurd, Hurd, Nikki Haley, Reid Hoffman, Hoffman, OpenAI . Hoffman, He’s Organizations: CNN, Stanford University, Microsoft, OpenAI, Colby College, Dartmouth University, Tesla, Time, Phillips Exeter Academy, California Institute of Technology, Facebook, Twitter, Google, Yale University, Justin.tv, GeoSim Systems, Rand Corporation, Centre, Bard College, University of Southern, Harvard University, MIT, Elon, Georgetown’s Center for Security, Emerging Technology, Open, Oscar Health, Memphis Grizzlies, Harvard College, Harvard Business School, Republican, CIA, Allen & Company, Texas, M University, Reid Hoffman LinkedIn, PayPal, LinkedIn, Greylock Partners, SpaceX, Boring Company Locations: Silicon Valley, St, Louis , Missouri, OpenAI, Seattle , Washington, Israel, University of Southern California, North Dakota, Beijing, Georgetown, Canada, United States, Texas, Oxford

watch nowWithout broad-based student loan forgiveness, some colleges have a new strategy to keep students from drowning in debt. Roughly two dozen schools have introduced "no-loan" policies, which means they are eliminating student loans altogether from their financial aid packages. More from Personal Finance:More colleges are offering guaranteed admissionStrategy could shave thousands off college costsShould you apply early to college? Colby College in Waterville, Maine, has had a no-loan policy in place since 2008. For Terra Gallo, who is a senior majoring in environmental policy, "Colby's no-loan policy and the fact that demonstrated need is met and accounted for was something that was important to both me and my family."

Persons: Nicole Hurd, Hurd, Terra Gallo, Gallo, Colby, Jackie Hardwick, Hardwick, Randi Maloney, Robert Franek, Franek, Forrest Stuart Organizations: Lafayette College, Finance, Colby, Quest, Princeton, The Princeton Locations: Easton , Pennsylvania, Lafayette, Waterville , Maine, Jacksonville , Florida

Many opponents of renewable energy, she added, “are worried about the impacts to their very way of life.”Roadside opposition to renewable energy projects near Baldwin City, Kan. “We see offshore wind as a critical technology,” said Dan Burgess, the director of the Maine Governor’s Energy Office. Across the country, clean energy projects of all types are tied up in lengthy permitting processes. By then, India had not completed any offshore wind projects. Since 2000, the United States has barely built any major transmission lines that connect different regions of the country.

Persons: Scott Dickerson, ”, Biden, Alison Bates, “, Columbia University’s, Dan Burgess, Habib Dagher, Janet Mills, Gregory Wetstone, Mack, James Gillway, SunZia, ” Hunter Armistead, Broussard, There’s, Vaughan Woodruff, Tucker Carlson, Teslas, ” Ali Zaidi, Dagher, Rolf Olsen, who’s Organizations: University of Maine, Sears, Officials, Federal, International Energy Agency, Colby College, White, Columbia, Climate, The University of, Maine Governor’s Energy, Environmental, University of Maine’s, Composites Center, Gov, American Clean Power Association, American Council, Renewable Energy, Environmental Protection Agency, Army Corps of Engineers, . Clean, Union United, China India European Union United States, China European Union United, China India United States European, China United States European Union, China United States European Union India, Energy, The New York Times, United, Pattern Energy, New York State Energy Research, Development Authority, Toyota Prius Locations: Penobscot Bay, Maine, , Maine, United States, Europe, China, Australia, India, Los Angeles, Ohio, Jersey Shore, Waterville , Maine, Baldwin City, Kan, Massachusetts, Ukraine, Gulf, Searsport , Maine, Searsport, Bangor, Mack, West, Union United States, U.S, China United States European Union India, Great, New Mexico, Arizona, California, Riesel , Texas, Energy, San Bernardino County, In Kansas, Atlantic City, N.J, New York, Manhattan, Sears

☆ James Webb Space Telescope spots a supermassive black hole in the early universe, much sooner after the Big Bang than scientists can explain
▼ + stars: | 2023-07-07 | by ( Morgan Mcfall-Johnsen | Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

The most distant supermassive black hole seen yet appears as three bright spots clumped together. Webb shows details of the supermassive black hole's size and structureAn artist's conception of the James Webb Space Telescope. NASA GSFC/CIL/Adriana Manrique GutierrezNot only is this mysterious beast the earliest supermassive black hole ever observed, it's also the most distant active supermassive black hole on record. For comparison, a 9 million solar mass black hole is closer to the size of the supermassive black hole at the center of our own galaxy, the Milky Way. The first image of Sagittarius A*, the supermassive black hole at the center of our galaxy.

Persons: —, James Webb, NASA's Webb, Webb, Leah Hustak, Steven Finkelstein, NASA GSFC, Adriana Manrique Gutierrez, it's, Dale Kocevski Organizations: Service, NASA, ESA, CSA, James Webb Space Telescope, Colby College, Bang

☆ Bets on A.I. and innovation help this tech-focused T. Rowe Price fund outperform the market
▼ + stars: | 2023-06-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Since joining investment management firm in 2000, Allen's worked his way up the corporate ladder, taking the helm as portfolio manager of the T. Rowe Price Science & Technology (PRSCX) fund in 2009. In the wake of the latest artificial intelligence boom that's driven up last year's beaten-up technology stocks, it's skyrocketed nearly 38% in 2023. Longer-term, the fund, with a 0.84% expense ratio, offers 10- and 15-year trailing returns of more than 16% and about 13%, respectively. This year, Allen has benefited from a spectacular run-up in technology stocks, fueled by a mania for all things tied to artificial intelligence. "It's really important to learn over time when things go well and especially when things don't go well," Allen said.

Persons: Ken Allen, Rowe Price, Allen's, Allen, Salesforce, it's, Morningstar, I've Organizations: Colby College, Rowe Price Science & Technology, PRSCX, Apple, Netflix, Nvidia, Devices, Microsoft, Zalando, Amazon, Meta, Accenture, Mastercard, Texas, Texas Instruments Locations: Maine, Baltimore, Salesforce, Zalando, buybacks

☆ A bargain hunter picked up a 700-year-old medieval script for $75 at a yard sale that could be worth $10,000
▼ + stars: | 2022-09-25 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

A shopper got a surprise when he picked up a 700-year-old script for $75, per the Maine Monitor. Academic Lisa Fagin Davis confirmed the piece was genuine, and could be worth up to $10,000. Will Sideri, who bought the script, told the Maine Monitor he doesn't intend to sell the document. The Maine Monitor reported last week that Will Sideri picked up the 700-year-old document at an estate sale in Maine after noticing the leaf adorned in Latin writing alongside some musical notes. "An estate sale in Maine isn't even the most unexpected place where a Beauvais Missal leaf has turned up.

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