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☆ Trump VP prospect Doug Burgum and GOP megadonor Harold Hamm are allies in business and politics
▼ + stars: | 2024-05-21 | by ( Brian Schwartz | ) www.cnbc.com time to read: +12 min

Continental Resources donated $1 million to the super PAC in April, according to Federal Election Commission records. A spokeswoman for both Continental Resources and Hamm, its executive chairman, did not respond to a request for comment. All seven wells have been active since 2011, just two years after Burgum's family signed an agreement with Continental Resources. The Burgum Farm Partnership LLP, which oversees the family farm land in Williams County and Cass County, is worth between $500,001 and $1 million, according to the financial disclosure. Doug Burgum is a managing partner of the Burgum Farm Partnership, and he signed the businesses' latest annual report in March.

Persons: Donald Trump, Doug Burgum, Vivek Ramaswamy, Jabin, Harold Hamm, Burgum, Theodore Roosevelt, Sen, Marco Rubio, Rubio, Trump, Hamm, Bradley Burgum, Mike Nowatzki, Nowatzki, Burgum's, He's, Barbara, Edward Hirs, Brandon Bell, Jack Balagia, Ryan Kellog, Kellog, Ted Borrego, —, Virginia Canter, Canter, Chip Somodevilla, he's, Kathryn, Dan Eberhart, Eberhart, Leah Millis Organizations: North Dakota Gov, Margate, Washington Post, Continental Resources, Trump White House, CNBC, Trump, Republican, Trump that's, Inc, Commission, Continental, Federal, North Dakota's Minerals Department, Drilling, LLP, University of Houston, Getty, University of Texas, Exxon Mobil, University of Chicago, University of Houston Law Center, Trump White, North, Canter . North, Burgum Locations: Laconia, NH, Hamm, North Dakota, Williams County, Burgum, Fla, Florida, Dakota, North, Brooklyn, Cass County, Fort Stockton , Texas, Washington, Canter ., Canter . North Dakota, Laconia , New Hampshire, Continental Resources . North Dakota, Pittsburgh , Pennsylvania, U.S

☆ FAFSA problems are hurting students who need financial aid the most
▼ + stars: | 2024-05-18 | by ( Katie Lobosco | ) edition.cnn.com time to read: +8 min

“You just feel terrible,” said Vanessa Hlavacka, a counselor for multilingual students at La Follette High School. High school ramps up supportOnce the issues with this year’s FAFSA became apparent, La Follette High School ramped up support services for families of college-bound seniors. Some La Follette students from mixed-status families have had success since then submitting the FAFSA, but others are still having problems. Students at La Follette are behind the national trend, but they have had more success filing the FAFSA in recent weeks. It’s a glitch that several other La Follette students have experienced.

Persons: Robert M, “, ”, Vanessa Hlavacka, Annie Hank Braga, La, Hank Braga, FAFSA, ” Hank Braga, it’s, Biden, ” Hlavacka Organizations: Washington CNN, La Follette High School, Federal Student Aid, –, Follette, Racing, La Follette, Opportunity, Department of Education, of Education, Republican, Democratic, National College Locations: Madison , Wisconsin, La, –

☆ The top 10 most affordable colleges on the 'New Ivies' list from Forbes—2 are private schools
▼ + stars: | 2024-05-15 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

Going to an Ivy League school for college may help you earn a competitive salary down the line. The average tuition price across the Ivy League colleges is $64,829 — and that's before factoring in housing, food, books and other fees, according to the schools' latest available listed prices. Often, as is the case with Ivy League schools, private colleges can offer better financial aid packages through institutional grants and scholarships. These are the 10 new Ivies with the lowest average net price, according to Department of Education data:1. University of Michigan—Ann ArborOut-of-state tuition: $27,864 (figure reflects 2023-24 tuition price, 2024-25 price not available)Average net price: $16,7928.

Persons: University of Texas — Austin Organizations: Ivy League, Princeton University, Harvard College, Department, Education's, Forbes, —, CNBC, of Education, University of Florida, University of North, Georgia Institute of Technology, Rice, University of Illinois, University of Maryland —, University of Michigan, University of Wisconsin —, University of Texas —, Johns Hopkins Locations: University of North Carolina, University of Illinois Urbana — Champaign, Ann Arbor

☆ A Harvard education costs over $82,000 a year—here's how much students actually pay
▼ + stars: | 2024-05-12 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

Going to an Ivy League institution like Harvard University can pay off in the long run. Before they get there, though, Harvard students have a steep price to pay. However, many students pay far less than the sticker price. Over half — 55% — of Harvard undergraduates receive institutional scholarships, according to the school, and 24% of Harvard families pay nothing after aid and grants. Students who receive federal financial aid pay an average of $19,500 a year to attend Harvard, according to the College Scorecard.

Organizations: Ivy League, Harvard, Department, Education's, Stanford University , Massachusetts Institute of Technology, Duke University and University of Chicago

☆ A Pause for the Public Service Loan Forgiveness Program
▼ + stars: | 2024-05-10 | by ( Ann Carrns | ) www.nytimes.com time to read: +1 min

The Education Department has paused the processing of applications for student loan forgiveness by borrowers who work in public service jobs for about two months as it updates its systems and seeks to fix the problems plaguing its forgiveness program. The pause for the Public Service Loan Forgiveness program began May 1, the department’s Office of Federal Student Aid said. Borrowers can still submit applications and all other forms, like those documenting their eligibility, but they won’t be processed until the pause ends in July, the office said. In a recent blog post, it called the changes “an exciting and necessary step” that would lead to faster reviews of applications. During and after the pause, the 2.2 million borrowers working toward loan forgiveness in the public service program will continue to make loan payments on their assigned loan servicer’s website, the department said.

Organizations: Department, Public, Federal Student Aid, Education Department

☆ A Simple Fix for the Antisemitism Awareness Act - The New York Times
▼ + stars: | 2024-05-09 | by ( David French | ) www.nytimes.com time to read: +1 min

It’s easy to think of a colloquial definition — hatred and bigotry directed against Jews — but it’s much harder than you might think to define it legally. This legal ambiguity is especially problematic when our nation is facing what President Biden called a “ferocious surge” in antisemitism. Last week, the Antisemitism Awareness Act, a bill intended to protect Jewish students from discrimination on campus, passed with broad bipartisan support. The law is motivated by good intentions in support of a necessary purpose, but the bill itself is deeply flawed. To understand what’s good about the act, it’s necessary to understand the legal ambiguities that now exist on campus.

Persons: Biden, —, “ Organizations: Defamation League, ADL, Civil Locations: United States

☆ Biden to call for a fight against antisemitism at a precarious moment in Israel’s war in Gaza and amid protests on campus
▼ + stars: | 2024-05-07 | by ( Betsy Klein | Mj Lee | ) edition.cnn.com time to read: +11 min

Washington CNN —President Joe Biden on Tuesday aims to issue a clarion call to fight a swiftly rising tide of antisemitism amid a precarious moment in Israel’s war against Hamas and as protests have swept American college campuses, laying bare Biden’s trouble with some young voters. Biden’s longtime and stalwart support for Israel has come under intense pressure as the humanitarian crisis in Gaza grows. The president plans to address the long history of antisemitism and issue what one senior administration official familiar with the remarks described as a “call to action” on combatting antisemitism. The protests are not expected to be a major part of the speech, the official added. However, Biden does not intend to use his speech on Tuesday to delve into Middle East policy or the current situation in Israel or Gaza.

Persons: Joe Biden, Biden’s, Israel, Biden, White, “ recommit, ” Biden, Karine Jean, Pierre, ” Jonathan Greenblatt, John Kirby, Biden “, Benjamin Netanyahu, it’s, Jean, ”, “, Miguel Cardona, Doug Emhoff, Yom HaShoah, Donald Trump’s, Trump, Adolf Hitler “, CNN’s Dana Bash Organizations: Washington CNN, US, White, CNN, Defamation League, ADL, Hamas, National Security, Qatari, White House, Education’s, Civil, Department of Homeland Security, DHS, Department’s Office, Institute of Politics, Harvard University’s Kennedy Locations: Israel, Gaza, Cairo, Doha, Qatar, Gazan, Rafah, America, Poland

☆ Federal prosecutors are examining financial transactions at Block, owner of Cash App and Square
▼ + stars: | 2024-05-01 | by ( Gretchen Morgenson | ) www.cnbc.com time to read: +13 min

Cash App, introduced in 2013, allows users to send and receive money instantaneously among themselves and to buy stocks and Bitcoin. As of December, Cash App had 56 million active transacting accounts and $248 billion in inflows during the previous four quarters, the company said. (Merchants are considered customers at Square, while users are considered customers at Cash App.) Cash App is not a bank, but it uses external banking partners to conduct various services. On March 29, Sutton Bank settled a consent order with the Federal Deposit Insurance Corp. that echoed the whistleblowers' allegations.

Persons: Jack Dorsey, Block, Venezuela —, Edward Siedle, Prosecutors, Cash, OFAC, Lawrence Summers, Sharon Rothstein, Summers, Rothstein, Lord Paul Deighton, Goldman Sachs, Deighton, Dorsey, Banks, Sutton, James Booker Organizations: Twitter, Southern, of, NBC, NBC News, Securities and Exchange Commission, Block, Foreign Assets Control, U.S . Treasury, Cash, OFAC, Goldman, Financial Market, Bank of Lithuania, Payments Lithuania UAB, PayPal, Consumer Finance Protection Bureau, Sutton Bank, Federal Deposit Insurance Corp, FDIC Locations: of New York, Cuba, Iran, Russia, Venezuela, Ohio, Sutton

☆ Louisiana Will No Longer Require Students to Fill Out FAFSA to Graduate
▼ + stars: | 2024-04-26 | by ( Ann Carrns | ) www.nytimes.com time to read: +1 min

High school seniors are more likely to attend college if they complete the federal financial aid form known as the FAFSA, or Free Application for Federal Student Aid. But the state that was the first to require students to fill out the form to graduate, Louisiana, has reversed course and dropped the mandate, after state officials decided it was too intrusive. (The network prefers to call such practices “universal FAFSA” policies, rather than “mandatory,” because all states with the requirement allow students and their parents to opt out if they don’t want to fill out the form.) “We know FAFSA completion and enrollment are associated with each other,” Mr. DeBaun said. Filing the form allows students to get their share of federal grants.

Persons: ”, Bill DeBaun, Mr, DeBaun Organizations: Federal Student Aid, National College, Network Locations: Louisiana

☆ Tensions are so high at Columbia ahead of Passover that all classes will be virtual today
▼ + stars: | 2024-04-22 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

CNN —Officials at Columbia University, facing surging tensions on campus that have raised safety concerns, have announced all classes will be virtual on Monday as Passover begins. Shafik has faced new calls for her resignation, and a rabbi linked to the university even urged Jewish students to stay home due to concerns about their safety. The crisis at Columbia amounts to a massive test for Shafik, who took the helm of the university less than a year ago. “It is crystal clear that Columbia University -previously a beacon of academic excellence founded by Alexander Hamilton - needs new leadership,” Stefanik said in a statement on Sunday. As Passover begins Monday, Jewish student organizations have increased security for their upcoming events and services.

Persons: Minouche Shafik, “, Shafik, Kathy Hochul, Eric Adams, Adams, New York Police Department “, ”, Elise Stefanik, Alexander Hamilton, ” Stefanik, Virginia Foxx, “ Columbia’s, ” Foxx, Brian Cohen, Chabad, CNN’s Elizabeth Wolfe, Paradise Afshar, Caroll Alvarado, Shimon Prokupecz Organizations: CNN, Columbia University, Columbia, Ivy League, Jewish, , New, New York City, New York Police Department, New York Republican, Harvard University, University of Pennsylvania, Police, Kraft Center, Barnard College Locations: ,, , New York, New, ” Columbia, Columbia, Jewish

New Delhi CNN —India’s Ministry of External Affairs summoned a US State Department official after the department called for a fair legal process for opposition leader and Delhi chief minister Arvind Kejriwal following his arrest last week. “We take strong objection to the remarks of the Spokesperson of the US State Department about certain legal proceedings in India,” the Ministry said in a statement Wednesday. The Ministry of External Affairs on Wednesday summoned Gloria Berbena, the State Department Minister-Counselor for Public Diplomacy, according to a diplomatic officer with knowledge of the matter. At a briefing later on Wednesday, State Department spokesperson Matthew Miller declined to discuss “private diplomatic conversations” when asked about Berbena’s summoning, but stood by the department’s previous comments. India’s main opposition, the Indian National Congress, has also accused the BJP of using the tax department to “cripple” their finances.

Persons: Arvind Kejriwal, Gloria Berbena, Matthew Miller, ” Miller, Kejriwal, Modi, Narendra Modi’s, Kejriwal’s, ” Organizations: New, New Delhi CNN — India’s, External Affairs, US State Department, Affairs, State Department, Public Diplomacy, State, Aam Aadmi Party, Indian National Congress, Human Rights, Amnesty, India Locations: New Delhi, Delhi, India

☆ Inside the Blunders That Plunged the College Admission Season Into Disarray
▼ + stars: | 2024-03-13 | by ( Erica L. Green | Zach Montague | ) www.nytimes.com time to read: +1 min

There were just days left to process a batch of federal financial aid applications when Education Department officials made a fateful discovery: 70,000 emails from students all over the country, containing reams of essential data. They were sitting in an inbox, untouched. The students’ futures depended on it. “It needs to get untangled,” Mr. Cordray told his staff members on Thursday, according to recordings of two back-to-back meetings that The New York Times obtained. Three years ago, Congress ordered the Education Department to revamp the new form to make it easier and more accessible.

Persons: Richard Cordray, Mr, Cordray, ”, “ Organizations: Education Department, New York Times, Federal Student Aid

☆ These 28 regional and community banks exceed regulators' threshold for high commercial real estate concentration risk: here's what's really at stake.
▼ + stars: | 2024-03-09 | by ( Laila Maidan | ) www.businessinsider.com time to read: +12 min

But where banks' exposure to commercial real estate is concerned, locating that fire may be difficult. Rising interest rates quickly increased the cost of borrowing for investors in commercial real estate, including offices and multifamily homes. It doesn't reveal details such as borrowers' track records, said Mark Hillis, a former chief risk officer for commercial real estate at JPMorgan. There's also varying concentration risk: the largest banks with commercial real estate exposure are more diversified, meaning that any losses won't be as devastating, Baker said. "We think very few banks will run into issues just from their commercial real estate exposure," Reidy said.

Persons: Michael Barr, Jerome Powell, Todd Baker, Mark Hillis, Clifford Rossi, Robert H, Rossi, Baker, There's, Hillis, multifamily, haven't, You'll, Banks, you'll, Rebel Cole, NYCB, Matt Reidy, Reidy, Cole Organizations: Federal Reserve, Business, York Community Bank, SEC, Richman Center for Business, Law, Columbia University, JPMorgan, Smith, Smith School of Business, University of Maryland, Mortgage Banker's Association, Bank, Signature Bank, First, Countrywide Bank, Washington Mutual, Citigroup, multifamily, Florida Atlantic University, Federal, Regulators, TCRE, Equity RCRE, Community Bank, Provident Bank NJ, Merchants Bank of Indiana, Apple Bank for Savings, Oceanfirst Bank, Independent Bank, Lakeland Bank NJ, Ozk, Washington Federal Bank WA, Axos Bank, Sandy Spring Bank, Columbia Bank NJ, Farmers, Merchants Bank of CA, Popular Bank, Pacific Premier Bank, United Bank, Trust, Rockland Trust, Umpqua Bank, ServisFirst Bank, Bell Bank, Stellar Bank, National Bank of, National Bank of Florida FL, New York Community Bank Locations: multifamily, Basel, CRE, California, Rockland, National Bank of Florida

☆ Biden Administration lists 17 factors that could qualify student loan borrowers for relief due to financial hardship
▼ + stars: | 2024-02-29 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +4 min

President Joe Biden and his administration are continuing their efforts to provide student debt relief to as many borrowers as possible. At this point in the process — which involves a number of discussions with various stakeholders including borrowers, advocacy groups, lawmakers and more — the rulemaking committee has identified five groups of borrowers who should be considered for debt relief. It struggled to come to an agreement on how to define hardship that would render a borrower eligible for relief. As a result, the administration extended negotiation talks and added sessions in February to address the question of hardship. You may notice there aren't explicit thresholds listed for things like "household income" or when considering debt to income ratios.

Persons: Joe Biden, haven't, Pell Grant Organizations: Higher, Federal, Federal Student, Department of Education, CNBC

Photos You Should See View All 33 ImagesSchools won't get the information they need to award financial aid until next month, forcing them to adapt. Just this past week, Virginia Tech, for example, said it had moved its admissions deposit deadline for first-year college students to May 15. More than 17 million students use the FAFSA every year to receive financial aid for their college education. Rachel Reniva of Dothan, Alabama, said the financial aid decision will affect not only her son’s future but also her entire family’s. Although Jaramillo lives in Toronto, he is a U.S. citizen and thus eligible for financial aid.

Persons: they’ll, ”, Jenny Nicholas of Keene, “, ” Juan Espinoza, Agata James, ” James ’, James, Miguel Cardona, Rachel Reniva, Jesus Noyola, hasn’t, It’s, Noyola, Travis Hill, Lorenzo Jaramillo, Jaramillo, Helen Faith, —, Charles Schwab Organizations: Federal Student Aid, The Education Department, Virginia Tech, New, Queens, Education Department, Rensselaer Polytechnic Institute, Social Security, Dallas, Social, Financial, University of Wisconsin, Associated Press, Charles, Charles Schwab Foundation, Inc, AP Locations: Jenny Nicholas of Keene , New Hampshire, New York, Dothan , Alabama, Troy , New York, Texas, Toronto, U.S, Madison

☆ Elon Musk must testify in SEC probe of his Twitter takeover
▼ + stars: | 2024-02-12 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

Tesla and SpaceX CEO Elon Musk has to testify in a probe by the U.S. Securities and Exchange Commission concerning his 2022 acquisition of Twitter, a U.S. judge ordered in a court filing out Saturday. Musk closed his acquisition of Twitter in October 2022 in a deal worth roughly $44 billion, and has since rebranded it X. Musk, his attorney Alex Spiro and the SEC did not immediately respond to requests for comment. The settlement required Musk to have a "Twitter sitter" approve his tweets about his electric vehicle business before posting them. Attorneys for SpaceX argued in their suit that the very structure of the federal labor board violates the U.S. Constitution.

Persons: Elon Musk, Musk, Laurel Beeler, Alex Spiro, Tesla Organizations: SpaceX, U.S . Securities, Exchange Commission, Twitter, CNBC, SEC, U.S, Supreme, National Labor Relations Board, NLRB, Southern, Southern District of, Attorneys, . Constitution, Starbucks Locations: Warsaw, Poland, U.S, Southern District, Southern District of Texas, Brownsville, .

☆ FAFSA Delays Make Affording College Even Harder - The New York Times
▼ + stars: | 2024-02-08 | by ( Justin Draeger | Ted Mitchell | ) www.nytimes.com time to read: +2 min

Each year, more than 17 million students complete the Free Application for Federal Student Aid, or FAFSA, hoping to secure the financial support they need to afford college. But this year, operational glitches and repeated delays in the U.S. Department of Education’s “Better FAFSA” rollout threaten to harm the very students and families that financial aid is intended to help. Despite promises of an easier, more straightforward application process, students and families so far have been met with glitches and delays, and still today, there are entire groups of students blocked from even completing the form. Students may not receive financial aid offers until April and are typically expected to make a decision about where to attend college by May 1. Others may delay enrolling in college for another year, once the aid application process is running more smoothly.

Organizations: Federal Student Aid, U.S . Department

☆ Some Colleges Are Pivoting as FAFSA Delays Drag On
▼ + stars: | 2024-02-08 | by ( Ron Lieber | ) www.nytimes.com time to read: +1 min

At least 25 schools will no longer require commitments by May 1, since they may not be able to send admitted students financial aid offers until April. A few schools have created new aid forms or processes on the fly to award their own grants and scholarships. In 2020, Congress passed a law that required enormous changes to the processes used to award federal aid. The first was to the Free Application for Federal Student Aid, or FAFSA, form to make it easier to complete. Another was to the formula that doles out federal aid, which was made in part to offer more help to lower-income students.

Organizations: University of California, California State University, Federal Student Aid

☆ Why college applicants will have to wait months longer to find out how much financial aid they're getting this year
▼ + stars: | 2024-02-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

The latest delay means financial aid awards might not come until April. AdvertisementThe sole application for receiving college financial aid has had a rocky rollout this year — and it means reward letters will be delayed by months. AdvertisementThe latest delay in receiving financial aid awards can be attributed to the department's efforts to update FAFSA qualifications to expand families' financial aid eligibility. However, that'll take time — and could leave some families in a time crunch when it comes to evaluating their financial aid packages. "Updating our calculations will help students qualify for as much financial aid as possible."

Persons: —, That's, they'll, that'll, Education James Kvaal, Justin Draeger, Draeger, Virginia Foxx, Burgess Owens, Secretary Miguel Cardona, Sen, Bill Cassidy, Biden, Cassidy, Foxx, Richard Cordray Organizations: Education Department, Service, Federal Student Aid, Education, U.S . Department of Education, National Association of Student Financial, Republican, Secretary, Department, Office, Aid

☆ The 4 most important things we're watching in the stock market this coming week
▼ + stars: | 2024-01-20 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Fortunately, we'll get useful information in the coming weeks as earnings season ramps up and updated inflation data is released. We really want to see more supply come into the market to provide some relief on shelter costs. Looking to next week, we'll get a several key economic updates and a ramp up of earnings releases. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Morgan Stanley, we'll, Procter & Gamble, we've, We're, we're, We'll, Forex, Brown, BRO, Zions, CrossFirst, Johnson, Lockheed Martin, Horton, ERIC, Baker Hughes, Abbott, ABT, Clark, BOK, Monro, Simmons, United Community Banks, Lam, Ethan Allen Interiors, Raymond James Financial, Sherwin, Williams, Northrop, Murphy, Arthur J, Levi Strauss, LEVI, Booz Allen, Jim Cramer's, Jim Cramer, Jim, John Gress Organizations: Nasdaq, Microsoft, Nvidia, Tesla, Apple, Bank of America, Reserve, Procter, Gross, Citigroup, of Hawaii, United Airlines, Logitech International S.A, AGNC Investment, Agilysys Inc, Great Southern Bancorp, Enterprise Financial Services, Independent Bank, Home Bancorp, RBB Bancorp, TrustCo Bank Corp, Gamble Co, Verizon Communications, 3M Company, General Electric Co, GE, RTX Corporation, Halliburton Company, HAL, Lockheed, Ericsson, Bank, GATX Corporation, MakeMyTrip, National Bancorp, Synchrony, Webster, Atlantic Union Bankshares Corporation, Invesco PLC, Peoples Bancorp Inc, Sandy Spring Bancorp, Netflix, Texas Instruments Incorporated, Steel Dynamics, Canadian National Railway Company, NBT Bancorp, East West Bancorp, Covenant Logistics Group, Inc, Hanmi, National Bank Holdings Corporation, Premier Financial, QCR Holdings, Renasant Corporation, Triumph, Veritex Holdings, ASML, SAP, Textron, Oriental Education, Technology Group, First BanCorp, General Dynamics, OFG Bancorp, Prosperity, TE Connectivity, United Community, Blue Foundry Bancorp, Capitol Federal, HBT, Teledyne Technologies, Business Machines, IBM, Las Vegas Sands Corp, Lam Research, United Rentals, Berkley Corp, Crown, International, Packaging Corporation of America, Seagate Technology plc, CACI, Swift Transportation Holdings, Ameriprise Financial, Concentrix Corporation, First Bank, Liberty Energy, Pathward Financial, Columbia Banking, CSX, American Airlines Group, NextEra Energy Inc, Alaska Air Group, Dow Chemical Co, Valero Energy, Southwest Airlines Co, Nextera Energy, Williams Co, Union Pacific, Applied Industrial Technologies, Mobileye, Northrop Grumman, Comcast, Nokia, TAL Education, McCormick & Company, Intel, Visa Inc, Gallagher, Co, KLA Corporation, Western Alliance, Mobile, L3Harris Technologies, Western, Olin Corporation, American Express Co, Booz, Booz Allen Hamilton Holding, Colgate, Palmolive Co, Norfolk Southern Corporation, Jim Cramer's Charitable, CNBC, Gamble's Locations: Procter &, U.S, China, ZION, Freeport, Kimberly, Las, W.R, Chicago

☆ India's Byju's founder pledges homes for funds to pay staff- Bloomberg News
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +1 min

Byju's logo is seen in this illustration taken, June 22, 2023. The infusion of funds would help pay 15,000 employees in the embattled company's parent firm, Think & Learn Pvt., the report added. The company is facing a string of setbacks, including investors cutting its valuation and its auditor and board members quitting. Reuters reported in November that India's federal financial crime-fighting agency had issued a show-cause notice to Byju's for alleged violations worth over 93 billion rupees ($1.12 billion) under the Foreign Exchange Management Act(FEMA). ($1 = 83.3480 Indian rupees)Reporting by Ashna Teresa Britto in Bengaluru; Editing by Sohini GoswamiOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Byju Raveendran, founder's, Ashna Teresa Britto, Sohini Goswami Organizations: REUTERS, Rights, Bloomberg, Reuters, Foreign Exchange Management, FEMA, Thomson Locations: Indian, Bengaluru

☆ Students are lawyering up in the wake of the Israel-Hamas war
▼ + stars: | 2023-11-28 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +16 min

Hafez, who CNN has reached out to for comment, is now suing Accuracy in Media for defamation and emotional distress, and the violation of his civil rights. Hafez is among the politically and ethnically diverse students across the country who are filing lawsuits in the wake of October 7. Some are invoking the Civil Rights Act, claiming their schools aren’t protecting them from religious discrimination. “We believe that a number of universities are violating Title VI in this moment. “We have had a massive and unprecedented spike since October 7.”The legal standard for Title VI cases is high, Cron said.

Persons: Yusuf Hafez, “ Columbia’s, ” Hafez, Hafez, Minouche Shafik, “, ” John Beckman, ” Beckman, Beckman, Justin Sadowsky, ” Sadowsky, Sadowsky, Dylan Saba, State University of Florida Chancellor Ray Rodrigues, DeSantis, ”, Brittany Wise, ” Adam Steinbaugh, ” Steinbaugh, you’re, Matthew Cron, Donald Trump, ” Saba, Kenneth Marcus, Wellesley, ” “ Wellesley, UPenn, Magill, “ We’ve, Marcus, George W, Bush, Cron, ” Cron, Yusuf Hafez’s, SWATTING, ” – CNN’s Matt Egan, Celina Tebor Organizations: New, New York CNN — Columbia University, Media, CNN, Civil, Columbia, Columbia University, New York University, Jewish, gaslighting, NYU, New York police, Islamic, Civil Rights, Department of Education, Palestine, American Civil Liberties Union, Palestine Legal, University of Florida, UF, Justice, State University of Florida, ACLU, ” CNN, State University System of, University of Florida’s, “, Governors, Foundation, Rights, Florida, DOE, of Education Office, Legal, University of Illinois Chicago, UIC, Brandeis Center, University of Pennsylvania, ”, University, Trump, Ivy League, Private, AIM, U.S . Locations: New York, Israel, Gaza, Palestine, Florida, State University System of Florida, Colorado, “, Penn, Chicago

☆ U.S. Investigates Colleges for Antisemitism and Islamophobia Complaints
▼ + stars: | 2023-11-17 | by ( Hurubie Meko | ) www.nytimes.com time to read: +4 min

Protests by pro-Israel and pro-Palestinian groups on college campuses have intensified tensions between students groups, faculty and administrations in recent weeks. Universities have struggled to contain the blowback as students and faculty raise concerns over both security and free speech. On Tuesday, about 400 students gathered at Columbia University to protest the war and to criticize university leaders for suspending two pro-Palestinian student groups through the end of the semester. The university said it would cooperate with the investigation and said it was taking steps to address antisemitism. Three Jewish students sued New York University this week over what they said was a hostile environment that had allowed antisemitism to go unchecked.

Persons: Biden, Catherine E, Lhamon, Ben Chang, Kathy Hochul, banged, N.Y.U, John Beckman Organizations: Columbia, Cooper Union, Cornell, Hamas, U.S . Department of Education’s, Civil Rights, Wellesley College, University of Pennsylvania, Lafayette College, Maize, Office, Civil, Israel, Universities, Columbia University, Cornell University, Gov, New York University Locations: New York, Israel, Massachusetts, Pennsylvania, Kansas

In preparing financial statements, also known as compilations, accountants need only documentation used to determine the value of assets, like Trump’s skyscrapers, golf courses and other properties. The firm cut ties with Trump last year and said his financial statements “should no longer be relied upon” after James raised concerns about their accuracy. James, a Democrat, alleges Trump, his company and top executives exaggerated his wealth by billions of dollars on the financial statements by inflating property values. On the stand Tuesday, Flemmons echoed Trump’s longstanding assertion that disclaimers on the financial statements insulated him from liability for discrepancies or misstatements. Trump has argued that, if anything, his financial statements undervalued how much his properties were worth.

Persons: — Donald Trump, Letitia James ’, Jason Flemmons, Donald Bender, Bender, he'd, —, “, Flemmons, James, Trump, Judge Arthur Engoron, “ It’s, ” Flemmons, Steven Witkoff, Trump’s, ” Engoron, Donald Trump Jr, Allen Weisselberg, ” Trump, Eric, Donald Trump, ”, Michael Organizations: USA, York, Trump Organization, U.S . Securities, Exchange Commission, Trump, Ankura Consulting, Mazars, Republican Locations: New York, Lago, Florida, Trump’s Doral , Florida, Michael Sisak, x.com

☆ Civil rights complaints allege UPenn and Wellesley allowed antisemitism to ‘run rampant’
▼ + stars: | 2023-11-10 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

New York CNN —A Jewish legal rights advocacy group has alleged that the University of Pennsylvania and Wellesley College have violated federal civil rights law by allowing for discrimination against Jews. The Brandeis Center, a Jewish civil rights legal organization, filed civil rights complaints with the US Department of Education on Thursday, alleging both schools failed to adequately respond to harassment of Jews. “These colleges and universities have failed to keep Jewish students safe and are in clear violation of well-established federal civil rights law,” Kenneth Marcus, founder and chairman of the Brandeis Center, said in a statement. The complaints argue both schools have violated Title VI of the Civil Rights Act of 1964, which protects people from discrimination in programs or activities that receive federal financial assistance. The 27-page complaint alleges “Penn’s nurturing of a hostile environment toward Jewish students is a patent violation of” Title VI.

Persons: ” Kenneth Marcus, “ There’s, ” Marcus, ”, UPenn, Wellesley, “ Penn, Brandeis, Liz Magill, Magill, ” Magill, Paula Johnson, ” Johnson, “, RAs, Wellesley’s, CNN’s Rene Marsh, Miguel Cardona, wouldn’t, Cardona, ” Cardona, Henry Swieca, Swieca Organizations: New, New York CNN, University of Pennsylvania, Wellesley, Brandeis Center, US Department of Education, Civil, College, FBI, Ivy League school’s, of Pennsylvania, Penn, CNN, of Education, Ivy League, Columbia Business School, Wall Street, Board, School, ” Locations: New York, Israel, UPenn, Palestine, Wellesley, Gaza, Columbia

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