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☆ Rebellion Over College Rankings Seems Likely to Fail
▼ + stars: | 2023-01-27 | by ( Josh Zumbrun | ) www.wsj.com time to read: 1 min

Harvard has is among the universities that have stopped cooperating with U.S. News & World Report on the publication’s rankings of law and medical schools. In the past two weeks, Harvard, Stanford and Columbia universities, the University of Pennsylvania and the Icahn School of Medicine at Mount Sinai said they would stop cooperating with U.S. News & World Report’s medical-school rankings. That followed the decision last year by universities including Yale, Georgetown, Harvard, Stanford, Columbia and California, Berkeley to quit cooperating on the publication’s law-school rankings.

☆ Democratic Govs. Newsom, Pritzker push back on DeSantis after Florida blocks AP African American studies course
▼ + stars: | 2023-01-26 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Rebecca-Shabad-Circle-Byline-Template.Jpg | Rebecca Shabad | ) www.nbcnews.com time to read: +4 min

Ron DeSantis after his administration blocked the teaching of an Advanced Placement course on African American studies. J.B. Pritzker is urging the College Board not to appease DeSantis, a likely 2024 Republican presidential candidate, and alter the course curriculum. DeSantis’ administration rejected the AP African American studies program in a letter this month to the College Board, which oversees AP classes. Pritzker meanwhile said that Illinois expects any AP course focused on African American studies "to include a factual accounting of history, including the role played by black queer Americans." The College Board said Tuesday it would release a new framework for the AP course, which it said has been under development since March.

☆ DirecTV drops Newsmax
▼ + stars: | 2023-01-26 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —DirecTV has dropped Newsmax, a right-wing TV network, from its channel lineup over a carriage fee dispute. “We continually evaluate the most relevant programming to provide our customers and expect to fill this available channel with new content,” DirecTV said. Newsmax noted it offers its feed for free on its website, on YouTube and on multiple streaming platforms such as Roku, so viewers with DirecTV service will still be able to watch. Newsmax responded to getting the boot by accusing DirecTV of bias and censorship. “This is a blatant act of political discrimination and censorship against Newsmax,” CEO Christopher Ruddy said in a statement that was posted on Newsmax’s website.

Three sources familiar with the matter said News Corp was in talks to sell its stake in Move to CoStar for about $3 billion. The deal would have recombined the media empire Murdoch split nearly a decade ago. No offer was exchanged between News Corp and Fox Corp before merger deliberations were abandoned, according to sources familiar with the process, who said pushback from News Corp shareholders played a role in those plans being scrapped. News Corp currently has a market capitalization of about $11 billion, while Fox is valued at a shade over $17 billion. Rupert Murdoch and his family trust control about 40% of News Corp and Fox.

CNN —The US could be approaching a 2011-style debt ceiling market meltdown, but worried investors shouldn’t abandon ship, Wall Street analysts say. That means that if Congress doesn’t raise the debt ceiling by then, the US could default on its debt. But lawmakers remain in a deadlock about whether to lift their self-imposed borrowing limit: Democrats want Congress to pass a debt ceiling increase without conditions but Republican leadership says that any debt limit increase should be accompanied by spending cuts. Wall Street’s response: A debt ceiling meltdown creates serious risk for investors. Even if the debt ceiling debates are resolved, it’s not a bad idea to have some money invested abroad just in case of upheaval.

☆ The College Application Process: 11 High School Seniors Discuss - The New York Times
▼ + stars: | 2023-01-25 | by ( Patrick Healy | Adrian J. Rivera | Mr. Healy Is The Deputy Opinion Editor. Mr. Rivera Is An Editorial Assistant In Opinion. | ) www.nytimes.com time to read: +2 min

What is college for? And what matters most in choosing the right college? The students were all applying to four-year schools with competitive admissions and had drawn on the U.S. News and World Report college rankings as part of their research. All 11 students believed that college is primarily for gaining a credential to get a job or admission to graduate school rather than mostly for learning about oneself and how to be an adult. “Whenever I see TikToks from college students, they’re always talking about the stress from their work,” said one of the focus group participants, Morin, an 18-year-old from Indiana.

☆ Stanford, Columbia, Penn Medical Schools Expand the Exodus From U.S. News Ranking
▼ + stars: | 2023-01-24 | by ( Melissa Korn | ) www.wsj.com time to read: 1 min

The medical schools at Stanford, Columbia and Pennsylvania universities are withdrawing their cooperation from U.S. News & World Report rankings, pulling out less than a week after Harvard Medical School said it would no longer provide data to the publication. The moves by Stanford Medical School, Columbia’s Vagelos College of Physicians and Surgeons and Penn’s Perelman School of Medicine suggest a prolonged cascading effect after Yale Law School said in November that it wouldn’t provide data for U.S. News’s law-school rankings. More than a dozen other top-ranked schools—including Stanford Law School—followed suit. Harvard Medical School Dean George Q. Daley said the law schools’ decisions compelled him to act.

☆ Stanford Medical School Withdraws From U.S. News Ranking, Expanding Exodus
▼ + stars: | 2023-01-24 | by ( Melissa Korn | ) www.wsj.com time to read: 1 min

Stanford Medical School is withdrawing its cooperation from the U.S. News & World Report rankings of medical schools, pulling out six days after Harvard Medical School said it would no longer provide data to the publication. The move suggests a prolonged cascading effect after Yale Law School said in November that it wouldn’t provide data for U.S. News’s law-school rankings. More than a dozen other top-ranked schools—including Stanford Law School—followed suit. Harvard Medical School Dean George Q. Daley said the law schools’ decisions compelled him to act.

☆ Rupert Murdoch calls off proposed Fox-News Corp merger
▼ + stars: | 2023-01-24 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +1 min

Rupert Murdoch, chairman of News Corp and co-chairman of 21st Century Fox, arrives at the Sun Valley Resort of the annual Allen & Company Sun Valley Conference, July 10, 2018 in Sun Valley, Idaho. Rupert Murdoch has withdrawn the proposal to re-combine Fox Corp and News Corp .Fox said Tuesday its board received a letter from Murdoch, its chairman, and his son Lachlan Murdoch that "determined that a combination is not optimal for the shareholders" of either of the companies at the time. The potential merger had faced opposition from shareholders in recent months, who didn't believe a merger would show the true value of News Corp. if it merged with Fox. A combination of the two companies would have unified leadership in Murdoch's empire and cut costs. News Corp. owns Wall Street Journal publisher Dow Jones.

☆ Rupert Murdoch abandons plan to recombine Fox and News Corp
▼ + stars: | 2023-01-24 | by ( Oliver Darcy | ) edition.cnn.com time to read: +1 min

New York CNN —Rupert Murdoch has abandoned plans to combine Fox Corporation and News Corporation, a move that would have reunited his broadcasting and print publishing companies under one roof. Murdoch had proposed the deal last fall, nearly a decade after Fox Corporation and News Corporation split apart in 2013. Fox Corporation operates the right-wing channel Fox News, in addition to Fox Sports and Fox TV Stations. News Corporation is the parent of The Wall Street Journal, New York Post, HarperCollins, and other iconic print publications. Spokespeople for both companies did not immediately respond when asked whether Murdoch had a comment

☆ Live updates: Suspect in shooting at dance hall near Los Angeles is dead, sheriff says
▼ + stars: | 2023-01-23 | by ( Erick Mendoza | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mirna-Alsharif-Byline-Jm.Jpg | ) www.nbcnews.com time to read: +33 min

Share this -Link copiedAlhambra officials release statement on Monterey Park shooting Alhambra officials released a statement on the Monterey Park shooting early Sunday evening. Officials also acknowledged the shooting that occurred in the city after the Monterey Park shooting. Share this -Link copiedPolice release pictures to identify Monterey Park shooting suspect The Los Angeles County Sheriff's Department has released pictures seeking to identify the Monterey Park shooting suspect. Law enforcement has connected him to the Monterey Park shooting and a shooting minutes later in Alhambra. Patrons of the Alhambra dance hall wrestled a firearm away from a man about 20 minutes after the Monterey Park shooting.

☆ Activist investors in Salesforce spell good news for shareholders like us
▼ + stars: | 2023-01-23 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +4 min

Pressure from activist investors is mounting at Club holding Salesforce (CRM). Elliott's investment in Salesforce comes roughly three months after activist investor Starboard Value disclosed a position in the company. Moreover, Jim Cramer has said, at least two other investors with activist backgrounds, including Jeff Ubben , have taken a stake in Salesforce. If these high-profile investors thought Salesforce was irreparably damaged company, whose tech was at a competitive disadvantage, they may have looked elsewhere. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Live updates: Possible suspect in mass shooting at dance hall near Los Angeles is found dead, sources say
▼ + stars: | 2023-01-22 | by ( Erick Mendoza | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mirna-Alsharif-Byline-Jm.Jpg | ) www.nbcnews.com time to read: +31 min

☆ Evercore Promotes U.S. Advisory Executive to CFO Role
▼ + stars: | 2023-01-20 | by ( Mark Maurer | ) www.wsj.com time to read: +2 min

Tim LaLonde, Evercore’s next CFO. Photo: Evercore Inc. As CFO, Mr. LaLonde is set to succeed Celeste Mellet, who plans to leave the firm in early February, Evercore said. Fund manager Global Infrastructure Partners said it hired Ms. Mellet as a partner and CFO. Ms. Mellet has been Evercore’s CFO since 2021. PREVIEW Evercore underwent a major leadership shift in 2021, when it named Mr. Weinberg as its sole chief executive.

☆ China tightens media control with tiny stakes in two Alibaba units
▼ + stars: | 2023-01-19 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

Sopa Images | Lightrocket | Getty ImagesBEIJING — State-backed entities have taken tiny stakes in parts of two Alibaba subsidiaries that oversee a video platform and web browser. The state-backed stakes reflect a progression of government directives over the last decade to increase control of media in China. "So far most of the stakes announced (including in other Chinese companies) seem to be highly concentrated on media companies and media subsidiaries." watch nowSince 2020, business records show state-backed entities have taken 1% stakes in popular social media or short-video apps Weibo , ByteDance's Douyin and Kuaishou . A provincial state media group completed a 1% investment in September, leaving Alibaba's media arm with 99% ownership.

☆ Calls from George Santos' constituents were forwarded to a different GOP congressman's office
▼ + stars: | 2023-01-19 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

Constituent calls to George Santos' local office were redirected to another GOP Congressman. A representative at Santos' office told Insider they don't know why the calls were being forwarded. GOP officials and Santos' constituents have called for him to resign amid his fabricated resume. A Facebook user posted on Wednesday that their call to Santos' constituent office in Douglaston, New York, was forwarded to the office of Nick LaLota in Huntington, New York. "Unfortunately, this is not George Santos' office — or fortunately, depending on your perspective," Adam Saccardi, LaLota's director of constituent services, told Newsday.

☆ Prologis Fourth-Quarter Revenue Soars Above Expectations While Earnings Slide
▼ + stars: | 2023-01-18 | by ( Dean Seal | ) www.wsj.com time to read: +1 min

Prologis Inc. said revenue rose by more than a third in the fourth quarter as the average occupancy of its properties continued to edge higher, though earnings took a step back. The San Francisco-based industrial-property landlord posted earnings of $587.2 million, or 63 cents a share, compared with $1.25 billion, or $1.67 a share, in the same quarter a year ago. Analysts polled by FactSet had been expecting 61 cents a share. Core funds from operations, a measure of operating performance, came in at $1.24 a share, 2 cents above the analyst consensus, according to FactSet. PREVIEW Total revenue rose to $1.75 billion from $1.28 billion last year, topping analyst expectations of $1.42 billion.

☆ Massachusetts is the best place to raise a family in the U.S.—see which other states made the top 10 list
▼ + stars: | 2023-01-18 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

In a January report, WalletHub ranked the best states to raise a family in. A January report from WalletHub compared the 50 U.S. states across five key aspects to find the best states to raise a family: Family FunHealth & SafetyEducation & Child CareAffordabilitySocio-economics WalletHub evaluated those factors using 51 relevant metrics, each graded on a 100-point scale, with a score of 100 representing the most favorable conditions for family life. 1 best state to raise a family: MassachusettsMassachusetts topped the list for the best state to raise a family. The state is home to some of the country's best schools, including Harvard and MIT. 10 best U.S. states to raise a family

☆ Harvard Medical School Withdraws From U.S. News Ranking
▼ + stars: | 2023-01-17 | by ( Melissa Korn | ) www.wsj.com time to read: 1 min

Harvard held the top spot on the latest U.S. News & World Report ranking of medical schools for research and landed at No. 9 for primary care. Harvard Medical School will no longer submit information to the U.S. News & World Report’s medical-school ranking, the school’s dean said Tuesday, saying he was inspired by the recent withdrawal of top law schools. Dr. George Q. Daley, dean of the faculty of medicine at Harvard, said he has a philosophical concern with rankings.

☆ Hasbro delays new Dungeons & Dragons licensing rules following fan backlash
▼ + stars: | 2023-01-13 | by ( Sarah Whitten | ) www.cnbc.com time to read: +10 min

CNBC obtained copies of Hasbro's reformed licensing agreements — open game license 1.1 and an FAQ section for OGL 2.0. Leaders in the Dungeons & Dragons community greeted the news of the delay with cautious optimism. The attempt to create a new game license comes as Wizards of the Coast looks capitalize on a surge in popularity of Dungeons & Dragons. Chaotic neutralThe reworking of Hasbro's open game license is not an unexpected move for the business, MKM's Handler said. There were growing concerns that the community would fracture if publishers were forced to move away from the Dungeons & Dragons game mechanics to develop their own gaming systems.

☆ In leaked memo one day after Dow Jones layoffs, News Corp CEO urges 'full compliance' with back-to-office schedule for Wall Street Journal, New York Post staffers
▼ + stars: | 2023-01-12 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +6 min

News Corp CEO Robert Thomson sends staff memo about the importance of in-person collaboration. The news comes a day after layoffs at News Corp unit Dow Jones that affected less than 2% of staff. The CEO flagged that he'd be asking business leads to consult with managers to "ensure full compliance with in-office work schedules," which "will evolve in the coming weeks," he wrote. The Wall Street Journal's in-office staffing situation in New York is currently being monitored by the company, according to two sources. The spontaneity and serendipity of a dynamic office environment are crucial in creating and in iterating, so in-office attendance is vital to our future success.

☆ The 10 best U.S. jobs of 2023, according to new research—many pay over $100,000
▼ + stars: | 2023-01-10 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

2023 is kicking off with a tight job market, despite recent headlines of layoffs and hiring freezes. In December, the unemployment rate edged down to 3.5%, the lowest it's been in 50 years, while demand for labor remains high — which means that candidates have a better selection of opportunities to choose from. The most popular, sought-after jobs have a few attributes in common: competitive salaries, clear opportunities for career advancement, consistent demand and a healthy work-life balance, according to new research from U.S. News and World Report. On Tuesday, U.S. News and World Report released its ranking of the 100 best jobs in America for 2023, focusing on occupations with the largest projected growth between now and 2031 and ranking them by stress levels, median salary, unemployment rate, work-life balance and other factors. Here are the 10 best U.S. jobs in 2023, according to U.S. News and World Report, along with the full list of the top 100 jobs here.

☆ Goldman Sachs will lay off up to 3,200 workers this week
▼ + stars: | 2023-01-09 | by ( Julia Horowitz | ) edition.cnn.com time to read: +2 min

London CNN —Goldman Sachs will lay off as many as 3,200 employees this week as an uncertain economic and market climate pushes the bank to hunt for cost savings, according to a person familiar with the matter. Like its Wall Street rivals, Goldman Sachs has been hit by a slump in global dealmaking activity as fewer companies merge or seek to raise capital. Goldman Sachs (GS) had 49,100 employees at the end of the third quarter. That’s hurt companies like Goldman Sachs that advise on these transactions. Shares of Goldman Sachs were up less than 1% in premarket trading Monday.

☆ Allegation Against U.S. Men’s Soccer Coach Came From Mother of Benched Star
▼ + stars: | 2023-01-05 | by ( Joshua Robinson | ) www.wsj.com time to read: 1 min

A 31-year-old abuse allegation against U.S. men’s national team coach Gregg Berhalter was made by Danielle Reyna, the mother of U.S. men’s soccer star Gio Reyna, after she and Gio’s father, Claudio, took issue with Berhalter’s public description of benching their son during the Qatar World Cup. Claudio and Danielle Reyna confirmed in separate statements on Wednesday that they had brought the allegation to the attention of U.S. Soccer, the sport’s national governing body. The allegations represent a confrontation between two families that had been friends for decades, dating back to the days when three of them were students at the University of North Carolina. News of the Reynas’ involvement was first reported by ESPN.

☆ Prince Harry's new book alleges physical attack by brother William
▼ + stars: | 2023-01-05 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Britain's Prince Harry, Duke of Sussex (L), and Prince William, then the Duke of Cambridge (R), attend the unveiling of a statue of their mother, Princess Diana, on July 1, 2021. LONDON — Prince Harry's upcoming autobiography details an alleged fight in which his older brother, the future British king Prince William, pushed him to the floor, according to a report in The Guardian newspaper on Thursday. In "Spare," Harry will claim that during a 2019 fight at his home in London, William called Meghan "difficult," "rude" and "abrasive," according to the Guardian report. Harry also alleges William grabbed him by the collar, ripping his necklace, and knocked him to the floor. Kensington Palace, representing the Prince of Wales, and Buckingham Palace, representing King Charles III, have declined to comment on the allegations.

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