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☆ Harvard is back on top as college hopefuls' ultimate 'dream' school, despite recent turmoil
▼ + stars: | 2024-03-05 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

People walk through the gate on Harvard Yard at the Harvard University campus in Cambridge, Massachusetts, on June 29, 2023. Scott Eisen | Getty ImagesAnd just like that, Harvard University has regained its position as the ultimate "dream" school among college applicants. The Princeton Review's 2024 College Hopes and Worries Survey polled nearly 8,000 college applicants between Jan. 15 and Feb. 20, just weeks after Harvard President Claudine Gay resigned amid allegations of plagiarism and controversy over her congressional testimony about antisemitism on campus. Harvard saw fewer early applicantsThis year's early admissions cycle, in the immediate aftermath of the Oct. 7 attack on Israel by Palestinian militant group Hamas, reflected some of the recent turmoil. There were 7,921 early applicants to the Class of 2028, down from 9,553 last year, the Harvard Crimson reported.

Persons: Scott Eisen, It's, Hafeez Lakhani, Claudine Gay, Robert Franek, Lakhani, Christopher Rim Organizations: Harvard, Harvard University, Ivy League, Massachusetts Institute of Technology, Princeton, Hamas, —, Harvard Crimson, Christopher, Command, Supreme Locations: Cambridge , Massachusetts, New York, Israel, Palestinian

☆ As more colleges are promising high schoolers guaranteed admission, 'everybody wins,' expert says
▼ + stars: | 2023-10-10 | by ( Jessica Dickler | ) www.cnbc.com time to read: +6 min

Sonoma State University Courtesy: Sonoma State UniversityTo help make college a reality, Sonoma State University is trying a relatively new approach: High school students who have completed the requisite coursework and have a minimum 2.5 high school GPA are now "guaranteed admission" to the Rohnert Park, California-based school. Last spring, the State University of New York sent automatic acceptance letters to 125,000 graduating high school students. College enrollment is droppingSonoma State University Courtesy: Sonoma State UniversityStill, fewer students are going to college. More high schoolers want career trainingMost Americans still agree a college education is worthwhile when it comes to career goals and advancement. High schoolers are putting more emphasis on career training and post-college employment, the nonprofit found after polling more than 5,000 high school students six times since February 2020.

Persons: Ed Mills, Mills, Robert Franek, Franek, Lakhani, Doug Shapiro, Cole Clark, Connie Livingston Organizations: Sonoma, Sonoma State University, California State University, Finance, Princeton, Virginia Commonwealth University, State University of New York, Sonoma State University Still, Nationwide, CNBC, National Center for Education Statistics, Student Clearinghouse Research, College Board, Public, USA, ECMC Group, Junior Achievement, Citizens, Brown University Locations: , California, Sonoma State, Richmond , Virginia, New York, U.S

☆ Is an Ivy League degree worth it? Report finds advantages beyond future earnings
▼ + stars: | 2023-08-02 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

In the end, the group of Harvard and Brown University-based economists found that attending an Ivy League college has a "statistically insignificant impact" on earnings. Leadership positions are disproportionately held by graduates of a few highly selective private colleges, the Opportunity Insights report found. Meanwhile, at the nation's top schools, including many in the Ivy League, acceptance rates hover near all-time lows. The pathway to CEO is not necessarily an elite university. However, "the pathway to CEO is not necessarily an elite university," added Alvin Tillery, a political science professor and director of Northwestern's Center for the Study of Diversity and Democracy.

Persons: Christopher Rim, Alvin Tillery, Hafeez Lakhani Organizations: Princeton University, Office, Communications, Harvard University, University of North, Ivy League, Harvard, Brown University, Stanford University, Duke University, University of Chicago, Technology, Command, ACT, Northwestern's Center, Diversity, Diversity and Democracy, Princeton, MIT, Glowimages, Getty Locations: New Jersey, University of North Carolina, Massachusetts, New York, Michigan , Illinois, Wisconsin

Corporate execs and lawyers with business before the Supreme Court mingled with some of the country's most influential jurists. Revelations about Thomas and Crow's relationship have prompted calls in Congress for the Supreme Court to adopt its first-ever binding code of ethics. But as a Supreme Court justice, Kagan is not currently bound by those rules. The Aspen Institute isn't alone in dangling Supreme Court access to lure deep-pocketed donors. Financial support for a public mission flowed one way, and scheduled private time with Supreme Court justices was dispensed in return.

Persons: Meryl Chertoff, Kagan, Michael Chertoff, SCOTUS, Elena Kagan, execs, Brett Kavanaugh, Trump, Kavanaugh, Clarence Thomas, Harlan Crow, Thomas, Kathleen Clark, Louis, Clark, Kavanaugh —, Shook, Hardy, Bacon, Tristan Duncan, Peabody, Christina Sullivan, Brian O'Connor, Sandra Day O'Connor, Lakhani, That's, litigator, George W, Bush, Michael Chertoff's, wasn't, he'd, Chertoff, John Roberts, Gabe Roth, Roth, Crow, Rob Schenck, Tom Monaghan, Jay Sekulow, Sidney Powell —, Sonia Sotomayor's, that's Organizations: Service, Aspen Institute, DC, Aspen, Washington University, Peabody Energy, Peabody, Duncan, Speedway, Supreme, Aspen Institute's Justice, Society, Homeland Security, Chertoff, CNN, The New York Times, Historical Society, Trump, Associated Press, University of Colorado Law School Locations: Wall, Silicon, St, Washington, Pakistan, Chertoff, Aspen Institute isn't

☆ UBS just reshuffled its leadership ranks after buying Credit Suisse. See the new power players in charge of the $1.7 trillion Swiss banking behemoth.
▼ + stars: | 2023-06-12 | by ( Michelle Abrego | Kaja Whitehouse | ) www.businessinsider.com time to read: +11 min

The merger between Credit Suisse and UBS creates a new Swiss banking behemoth with $1.7 trillion in assets. Investment bank leadersThe president of UBS's investment bank, Robert Karofsky, circulated a memo on Monday announcing his new leadership team. Ebert, co-head of markets at Credit Suisse, was also named head of Credit Suisse for the Investment Bank, reporting to Karofsky. UBS global wealth management president Iqbal Khan revealed the appointments to its critical wealth business in an internal memo titled "Becoming a global wealth powerhouse." Members of the current Credit Suisse wealth management leadership team will report to both Yves-Alain and to their respective UBS global wealth management regional leader.

Persons: Yves, Alain Sommerhalder, Michael Ebert, Robert Karofsky, Ebert, Karofsky, Marco Valla, Valla, Javier Oficialdegui, Mike, I've, George Athanasopoulos, Jason Barron, Ros L'Esperance, Dan Dowd, Taichi Takahashi, Chris Leone, Julie Beavan, Tricia Hazelwood, Jeff Hinton, Kurt Anthony, Laurence Braham, Richard Hardegree, Richard Casavechia, Ozzie Ramos, Jason Williams, Neil Meyer, Ken Tittle, Iqbal Khan, Francesco De Ferrari, Khan, Reuters Yves, Alain, Wiwi Gutmannsbauer, Benjamin Cavalli, Cavalli, Kinner, Amy Lo, Jin Yee Young, Young, Hatecke, UBS's Anton Simonet, Christl, Jason Chandler, Sergio Ermotti, Ralph Hamers, Ermotti, MICHELE LIMINA, Todd Tuckner, Sarah Youngwood, Michelle Bereaux, Stefan Seiler, Christian Bluhm, Damian Vogel, Ulrich Körner Organizations: UBS, Credit Suisse, Suisse, Credit, Wall Street, Investment, Investment Bank, Barclays, Global Banking, Investment Bank Management, Global Markets, Global Research, IB, Resource Management, Staff, MUFG Securities, Reuters, Yves, Deutsche, Switzerland, Swiss Re, Getty Locations: Switzerland's, Swiss, Americas, Asia, Singapore, Switzerland, Europe, Middle East, Africa, America, AFP

☆ Ivy League acceptance rates 'may have bottomed out,' expert says — here's what that means for getting into schools like Harvard
▼ + stars: | 2023-06-05 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

Harvard Yard, on the campus of Harvard University in Cambridge, Massachusetts. This year's high school graduating class faced one of the toughest college-application seasons on record. "Acceptance rates may have bottomed out." Harvard University, for instance, received more than 56,000 applications and admitted just 3.4% to the Class of 2027. Other universities, including Princeton, Yale and Columbia, also had acceptance rates below 5%.

Persons: it's, Hafeez Lakhani, Lakhani Organizations: Harvard, Harvard University in, Ivy League, Finance, SUNY, Harvard University, Princeton, Yale Locations: Harvard University in Cambridge , Massachusetts, New York, Columbia

I'll never get over his death as long as I live," his father, Umer Zada, told Reuters. Zada said the distribution of aid should have been better organised, with police supervision of the hungry and desperate seeking help. "There has been a 50% reduction in donations this year, while there has been a 50% increase in people seeking help." The group's ambulances took away the injured and the bodies of Saad and the others killed in the Karachi crush. Like everyone, Zada is struggling with inflation but he also has to contend with grief and questions that torment him.

☆ On 'Ivy Day,' college hopefuls hear from Harvard, Princeton — but here's the school more students want to attend
▼ + stars: | 2023-03-30 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

watch nowMarch 30 is "Ivy Day," when many Ivy League schools release those long-awaited admissions decisions. The colleges that ranked the highest on students' wish lists are "perennial favorites," according to Robert Franek, The Princeton Review's editor-in-chief. They are also among the most competitive: MIT's acceptance rate is just under 4%; at Harvard, it's about 3%. Coming out of the pandemic, a small group of universities, including many in the Ivy League, have experienced a record-breaking increase in applications this season, according to a report by the Common Application. The report found application volume jumped 30% since the 2019-20 school year, even as enrollment has slumped nationwide.

☆ College hopefuls have a new ultimate dream school — and it's not Harvard, Princeton or Yale
▼ + stars: | 2023-03-15 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

Most of the colleges at the very top of students' wish lists are "perennial favorites," according to Robert Franek, The Princeton Review's editor-in-chief. They are also among the most competitive: Stanford's acceptance rate is also just below 4%; at Harvard, it's about 3%. The report found application volume jumped 30% since the 2019-20 school year, even as enrollment has slumped nationwide. At that point, they must pay a non-refundable deposit to secure their seat at the school of their choice. Tuition and fees plus room and board for a four-year private college averaged $53,430 in the 2022-2023 school year; at four-year, in-state public colleges, it was $23,250, according to the College Board.

☆ From dual enrollment to course sharing, these 4 moves can help you save big on college costs
▼ + stars: | 2023-03-08 | by ( Jessica Dickler | ) www.cnbc.com time to read: +5 min

Take college courses in high schoolDual enrollment is a state-run program that allows students to take college-level classes, often through a local community college, while they are still in high school. As many as 3 in 10 community college students are in dual enrollment programs, according to the American Association of Community Colleges. Unlike Advanced Placement, the program in which high school students take courses and exams that could earn them college credit, dual enrollment credits are more likely to transfer. Over four years, early college programs cost about $3,800 more per student than traditional high school, according to one study. Try course sharingIf you are already enrolled in a four-year school, tapping community college courses can still be a worthwhile way to cut costs, a strategy known as course sharing.

☆ I've donated my hair to charity 4 times, but I probably never will again. Here's what you need to know if you want to do it.
▼ + stars: | 2023-01-28 | by ( Rebecca Harrington | ) www.businessinsider.com time to read: +11 min

I've donated my hair to charity four times, but I don't plan to again because there's less need now. I've donated my hair to charity four times. Human hair wigs usually have to be cut, colored, styled, and fit specifically to the person's head, Hernandez-Salas said. There's just much less demand for human hair wigs than there was years ago. Before she lost her hair, Melore donated it and got a wig from the American Cancer Society all in the same day.

☆ ChatGPT-style A.I. replaced crypto as the hot tech topic for Davos crowd at 2023's WEF summit
▼ + stars: | 2023-01-20 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

Jonathan Raa | Nurphoto | Getty ImagesAttendees of the annual World Economic Forum couldn't get enough of a new development in the realm of artificial intelligence: generative AI. Most machine learning tools rely on existing information and identify patterns in the data to pick out trends or reach a preferred outcome. Generative AI tools like ChatGPT and Dall-E stand out from the crowd through their ability to take data inputs and create new content. This week at the WEF forum in Davos, Switzerland, generative AI virtually replaced crypto and so-called "Web3" as the hyped technology of choice for top business executives and policymakers. "Generative AI has a huge potential," said Hiroaki Kitano, CEO of Sony Computer Science Laboratories, on Tuesday's generative AI panel.

☆ U.S. Watchdog Sanctions KPMG Firms, Audit Professionals
▼ + stars: | 2022-12-06 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: +7 min

PREVIEWThe U.K. firm was additionally sanctioned for allegedly failing to reasonably supervise an unregistered audit firm, Romanian audit firm KPMG Audit SRL, in four consecutive audits of Endava PLC, a British technology services company. KPMG U.K. was found to have also made several inaccurate PCAOB filings about the involvement of unregistered firms in certain audit work. The PCAOB imposed a $600,000 penalty for the alleged failings around unregistered audit firms, which KPMG U.K. didn’t admit or deny. KPMG U.K. has reviewed the way it works with other firms, enhancing controls and providing additional training, Cath Burnet, U.K. head of audit at KPMG, said. The U.K.’s audit and accounting regulator in a July letter to seven audit firms, including KPMG, said that it is “deeply concerned” about audit professionals cheating on external professional exams and internal assessments.

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