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Why college is getting more expensive
  + stars: | 2023-07-16 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +8 min
After adjusting for currency inflation, college tuition has increased 747.8% since 1963, the Education Data Initiative found. But the net price of college — that’s the amount that students and their families are actually shelling out — has been decreasing. The average student at a private four-year college paid $32,800 for tuition and room and board last year. When adjusted for inflation, the actual price paid for private college has dropped by 11% over the past five years, according to College Board data. In a 6-3 decision the Supreme Court struck down the Biden administration's student debt forgiveness program in Biden v. Nebraska.
Persons: Brian Snyder, , Megan Brenan, Catharine Hill, , , couldn’t, ’ ”, they’ve, Kevin Dietsch, Joe Biden’s, Biden Organizations: New, New York CNN, College, US News, Harvard University, Harvard, Reuters, Education Data Initiative, Georgetown University Center, Education, Gallup, Vassar College, , , National Education Association, Foreign Relations, Economic, Institute, luxe, ” Colleges, American, of Trustees, NEA, College Board, U.S, Supreme, Biden, . Nebraska Locations: New York, Cambridge , Massachusetts, United States, , Washington , DC, .
Affirmative Action Bred 50 Years of ‘Mismatch’
  + stars: | 2023-07-10 | by ( Heather Mac Donald | ) www.wsj.com   time to read: 1 min
Wonder Land: Democrats said decades ago they alone would run policies for black Americans. Now comes the reckoning. Images: AP/Getty Images Composite: Mark KellyJustice Sonia Sotomayor had harsh words for her colleagues who voted last month to bar the use of race in college admissions. She alleged in her dissenting opinion that the six-justice majority in Students for Fair Admissions v. Harvard had subverted the Constitution’s guarantee of equal protection under the law, not upheld it, by “further entrenching racial inequality in education.” Chief Justice John Roberts ’s majority opinion slammed shut the door of opportunity to underrepresented minorities, especially black students, who still fight against a society that is “inherently unequal,” she wrote.
Persons: Mark Kelly Justice Sonia Sotomayor, , John Roberts ’, Organizations: Harvard
Harvard’s Stages of Grief Over Affirmative Action
  + stars: | 2023-07-08 | by ( Ruth R. Wisse | ) www.wsj.com   time to read: 1 min
Wonder Land: Democrats said decades ago they alone would run policies for black Americans. Now comes the reckoning. Images: AP/Getty Images Composite: Mark KellyAlmost immediately after the Supreme Court announced its ruling for the plaintiffs in Students for Fair Admissions v. Harvard, I received several emails about the decision. From Harvard’s president-elect, Claudine Gay , a message of shared grief: “Today is a hard day, and if you are feeling the gravity of that, I want you to know you’re not alone.” A personal message from a former student: “Today is a great day in the life of the country.”
Persons: Mark Kelly, Claudine Gay, you’re, Organizations: Supreme, Harvard
If nothing else, the Supreme Court’s decision in Students for Fair Admissions v. Harvard is a victory for the conservative vision of the so-called colorblind Constitution — a Constitution that does not see or recognize race in any capacity, for any reason. As Chief Justice John Roberts wrote in his opinion for the court, “Eliminating racial discrimination means eliminating all of it.” Or as Justice Clarence Thomas put it in his concurrence, “Under our Constitution, race is irrelevant.”The language of colorblindness that Roberts and Thomas use to make their argument comes directly from Justice John Marshall Harlan’s lonely dissent in Plessy v. Ferguson, the decision that upheld Jim Crow segregation. Our Constitution is colorblind, and neither knows nor tolerates classes among citizens,” wrote Harlan, who would have struck down a Louisiana law establishing “equal but separate” accommodations on passenger railways. But there’s more to Harlan’s dissent than his most frequently cited words would lead you to believe. It’s not that segregation was wrong but that, in Harlan’s view, it was unnecessary.
Persons: John Roberts, Clarence Thomas, , Roberts, Thomas, John Marshall Harlan’s, Plessy, Ferguson, Jim Crow, , Harlan, It’s Organizations: Harvard Locations: Louisiana
The other officer cut to the important question — the student’s skin color: “Brown?”“Heck no. doesn’t know what race a person of Middle Eastern descent is, should it really be making decisions based on race? Asian Americans scored better than other groups on academic and extracurricular measures, but Harvard’s admissions officers consistently gave Asians lower “personal” ratings than members of other groups. Harvard’s use of such subjective criteria to curb the number of Asian students admitted smacked of its efforts a century ago to keep out Jewish applicants it deemed unworthy of its “character and fitness” standards. In dissent, the three liberal justices argued persuasively that the court’s ruling might significantly reduce enrollment of Black and Hispanic students at elite colleges.
Persons: Brown, , Heck, , , David Bernstein, persuasively, Richard Arum, Mitchell Stevens Organizations: Harvard, Federal, Court, The Times Locations: Asian, Jordan, Iraq, Iran, Egypt, America
Is Your Company’s DEI Program Lawful?
  + stars: | 2023-07-03 | by ( Michael Toth | ) www.wsj.com   time to read: 1 min
Journal Editorial Report: Colleges vow to keep race a factor in admissions. Images: AP/Getty Images/Zuma Press Composite: Mark KellyThe U.S. Supreme Court last week held racial preferences unlawful in college admissions. But executives of U.S. corporations should read Students for Fair Admissions v. Harvard closely, because it will likely end up applying to them. Many companies have pushed racial preferences and quotas under the guise of “diversity, equity and inclusion” policies that run contrary to the justices’ warning against choosing “winners and losers based on the color of their skin.”
Persons: Mark Kelly The Organizations: Getty, Mark Kelly The U.S, Supreme, Harvard
They sit back and wait, content to let the nation’s colleges and universities scout and nurture that talent. Look at what happened when California banned affirmative action nearly 27 years ago. The most obvious way to help colleges level the field among students is to level the field among colleges. Harvard University recently received a gift of $300 million, the University of Chicago received a gift of $100 million and Columbia University received a gift of $175 million. I asked Elsa Núñez, president of Eastern Connecticut State University, what her institution, with its modest $50 million endowment, could do with a $100 million gift.
Persons: , That’s, Chan Zuckerberg, Pell Grant, Elsa Núñez, , , you’re Organizations: University of California, Apple, Mastercard, Meta, Verizon, Harvard University, University of Chicago, Columbia University, Chan Zuckerberg Initiative, Harvard, Trinity Washington University, Pell, Eastern Connecticut State University Locations: California
June 29 (Reuters) - The U.S. Supreme Court on Thursday struck down race-conscious admissions policies at Harvard University and the University of North Carolina, a practice called affirmative action employed by a majority of selective schools. Harvard was sued in 2014 by anti-affirmative action group Students for Fair Admissions, which accused Harvard of unlawful discrimination against Asian American applicants in its admissions practices. UNIVERSITY OF NORTH CAROLINAThe University of North Carolina at Chapel Hill is a prestigious public research university. Students for Fair Admissions sued UNC in 2014, alleging that the Chapel Hill campus unlawfully discriminated against white and Asian American applicants. STUDENTS FOR FAIR ADMISSIONSStudents for Fair Admissions is a nonprofit organization founded in 2014 by conservative activist Edward Blum, who has waged a legal war against affirmative action policies.
Persons: Harvard, Edward Blum, EDWARD BLUM, Blum, Abigail Fisher, Gabriella Borter, Will Dunham, Donna Bryson, William Maclean Organizations: U.S, Supreme, Harvard University, University of North, HARVARD UNIVERSITY Harvard University, Ivy League, Harvard, Fair, Asian, Civil, UNIVERSITY, NORTH CAROLINA The University of North, UNC, Fair Admissions, University of Texas, Lawyers, Thomson Locations: University of North Carolina, Cambridge , Massachusetts, U.S, NORTH CAROLINA The University of North Carolina, Constitution's
“The Harvard and UNC admissions programs cannot be reconciled with the guarantees of the Equal Protection Clause. We have never permitted admissions programs to work in that way, and we will not do so today,” Roberts wrote. During oral arguments, Solicitor General Elizabeth Prelogar stressed the unique interests of the military and argued that race-based admissions programs further the nation’s compelling interest of diversity. Steve Vladeck, CNN Supreme Court analyst and professor at the University of Texas School of Law, said the decision will still not end the legal fight over college admissions. The Supreme Court stepped in to consider the case before it was heard by a federal appeals court.
Persons: John Roberts, , ” Roberts, Clarence Thomas, , ” Thomas, Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson, ” Sotomayor, Sotomayor, Martin Luther King, Jackson, “ ‘, Roberts, Elizabeth Prelogar, ” Jackson, Kevin McCarthy, Republican Sen, Ted Cruz, Donald Trump, ” Trump, Mike Pence, ” Pence, Chuck Schumer, Laura Coates, Steve Vladeck, ” Vladeck, ” Long, SSFA, Loretta C, Biggs, ” Biggs, SFFA, Cameron T, Norris, Harvard “, Prelogar, Lewis F, Powell Jr Organizations: CNN, Harvard, University of North, UNC, Supreme, GOP, Republican, America, Truth, New York Democrat, University of Texas School of Law, Asian, Fair, Court, Middle, Middle District of, University, US, University of California, Bakke Locations: University of North Carolina, Independence, United States, Lower, Middle District, Middle District of North Carolina
PinnedThe Supreme Court on Thursday ruled that the race-conscious admissions programs at Harvard and the University of North Carolina were unlawful, curtailing affirmative action at colleges and universities around the nation, a policy that has long been a pillar of higher education. The university responded that its admissions policies fostered educational diversity and were lawful under longstanding Supreme Court precedents. Seven years later, only one member of the majority in the Texas case, Justice Sotomayor, remains on the court. Justice Jackson recused herself from the Harvard case, having served on one of its governing boards. The Texas decision essentially reaffirmed Grutter v. Bollinger, a 2003 decision in which the Supreme Court endorsed holistic admissions programs, saying it was permissible to consider race to achieve educational diversity.
Persons: Edward Blum, Antonin Scalia, Elena Kagan, Justice Anthony M, Kennedy, Ruth Bader Ginsburg, Stephen G, Breyer, Sonia Sotomayor, Justice Sotomayor, Justice Kennedy, Brett M, Kavanaugh, Ginsburg, Amy Coney Barrett, Justice Breyer, Justice Ketanji Brown Jackson, Justice Jackson, Grutter, Bollinger, Sandra Day O’Connor Organizations: Harvard, University of North, Civil, Asian, Fair, University of Texas Locations: University of North Carolina, North Carolina, Austin, Texas
admissions programs cannot be reconciled with the guarantees of the equal protection clause,” Chief Justice John G. Roberts Jr. wrote for the majority. The court had repeatedly upheld similar admissions programs, most recently in 2016, saying that race could be used as one factor among many in evaluating applicants. The university responded that its admissions policies fostered educational diversity and were lawful under longstanding Supreme Court precedents. Writing for the majority, Justice Anthony M. Kennedy said that courts must give universities substantial but not total leeway in devising their admissions programs. The Texas decision essentially reaffirmed Grutter v. Bollinger, a 2003 decision in which the Supreme Court endorsed holistic admissions programs, saying it was permissible to consider race to achieve educational diversity.
Persons: , John G, Roberts, , Sonia Sotomayor, Edward Blum, Antonin Scalia, Elena Kagan, Justice Anthony M, Kennedy, Ruth Bader Ginsburg, Stephen G, Breyer, Justice Sotomayor, Justice Kennedy, Brett M, Kavanaugh, Ginsburg, Amy Coney Barrett, Justice Breyer, Justice Ketanji Brown Jackson, Justice Jackson, Grutter, Bollinger, Sandra Day O’Connor, Clarence Thomas Organizations: Harvard, University of North, Civil, Asian, Fair, University of Texas Locations: University of North Carolina, North Carolina, Austin, Texas
In case you missed it: This is the last week of 10 Things in Tech. The EV company only has six gigafactories across the world: Fremont, California; Sparks, Nevada; Berlin; Shanghai; Austin, Texas; and Buffalo, New York. Each location is outfitted with solar panels, and Musk claims 100 gigafactories could supply the world with all of its energy. My colleague Graham Rapier takes us into the world of Tesla's gigafactories and breaks down what their futures could look like. In a world of remote work, they're trying to pay people the least amount of money to get work done (think freelancers and contractors).
Persons: I'm, Siu, let's, Elon Musk, Graham Rapier, gigafactories, Tyler Le, Allbirds, M0.0nshot, Gigi Chow, Elon Musk's, Walter Isaacson, it's, David Sinclair, Lewis Joly, cardiologists, Eid Mubarak, Diamond Naga Siu, Alistair Barr, Hallam Bullock Organizations: it's, EV, Employers, Paris Air, Storm Shadow, Interactive Entertainment, Tencent Locations: Tech, Fremont , California, Sparks , Nevada, Berlin, Shanghai, Austin , Texas, Buffalo , New York, Silicon, San Francisco, Croatia, Dubrovnik, Harvard, Le Bourget, Paris, France, Ukraine, New York, Florida, Barcelona, Spain, San Diego, Silicon Valley, London
Moving forward, we'll be highlighting the latest markets news in our daily flagship newsletter, Insider Today — be sure to sign up. The excitement around ChatGPT, AI, and related tech stocks is old news now, but Wall Street can't stop talking about it. Elon Musk, Nouriel Roubini, and a chorus of Wall Street firms have issued dire warnings. The country's slowing trade, weak industrial production numbers, and piling debt all ultimately present problems for Wall Street, which may be catching on to the risk. What do you see as the connection between economic troubles and AI hype?
Persons: Phil Rosen, , It's, Pepper, Paco Freire, that's, Zahra Tayeb, Elon Musk, Roubini, Kelvin Wong, Angela Weiss, Wagner, Vladimir Putin, Gary Black's, Goldman Sachs, Morgan Stanley's Adam Jonas, Jason Ma, Jack Sommers Organizations: Getty, Nvidia, Federal, Street, Wall, Nasdaq, Carnival plc, Harvard, Elon Locations: New York, China, America, Los Angeles, London
It's been a tough go for investment bankers recently. As if all that wasn't bad enough for bankers, The Wall Street Journal recently reported that even lawyers are now making more money than them. It turns out the culprit, as is often the case on Wall Street, is inflation. It's getting really tough these days to make the case for getting into investment banking. That begs the question: Why bother getting into investment banking at all?
Persons: Dan DeFrancesco, we've, Klaus Vedfelt, It's, , Robert Kindler's, Morgan Stanley, Paul Weiss —, hasn't, Seth Rogen, Nick Offerman, Paul Dano, Steve Cohen, Alexandra, Emily Oster, David Solomon, Goldman Sachs, Solomon, Jeffrey Cane, Nathan Rennolds Organizations: GameStop, Street Journal, Sony, Bloomberg, Harvard, JPMorgan, Economist Intelligence, LinkedIn Locations: Republic, Semafor, New York, London
Against this backdrop, the court is again poised to decide cases with the potential to reshape key areas of law and impact life for millions of Americans. The court began its term in October and typically finishes by the end of June each year. The Supreme Court already has ruled in two major race-related cases. In the student admissions cases, the challengers - a group founded by anti-affirmative action activist Edward Blum - accused the two schools of discriminating against white and Asian American applicants. The justices also are due to decide the legality of President Joe Biden's plan to cancel $430 billion in student loan debt.
Persons: Roe, Wade, Clarence Thomas, Edward Blum, Joe Biden's, Lorie Smith's, Andrew Chung, John Kruzel, Will Dunham Organizations: U.S, Supreme, Harvard University, University of North, Republican, Harvard, UNC, Colorado, U.S . Postal Service, Thomson Locations: University of North Carolina, Texas, Alabama, Arkansas , Iowa , Kansas , Missouri , Nebraska, South Carolina, Louisiana, U.S, Colorado, North Carolina, New York, Washington
But it’s inadequate to describe why affirmative action is in danger. Affirmative action dates from executive orders issued by Presidents John F. Kennedy and Lyndon Johnson in the 1960s. Giving a break to a few Black students might have meant denying a chance to the equivalent number of white students. But because white people constituted an overwhelming majority, the number of white applicants disadvantaged by affirmative action was relatively low. And advantages were being redistributed from descendants of the former oppressor race (white people) to descendants of the former oppressed race (Black people).
Persons: Donald Trump, John F, Kennedy, Lyndon Johnson Organizations: Harvard Locations: Black
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
NAPANOCH, N.Y.—The Harvard College Debating Union wanted a rematch. The team had suffered a hard loss in 2015 to a group of talented debaters, drawing international attention. So the Harvard team earlier this year sent an email, requesting another shot. It turned out their opponents, too, were seeking another contest after hearing stories about the legendary debate when their predecessors beat the mighty Ivy.
Driven by the recent AI boom, companies are raiding top college campuses for rare technical talent. She's currently on leave from her Stanford AI Ph.D. program to focus on Moonhub. In 2011, new AI Ph.D. graduates took jobs in the tech industry and academia in about equal measure. But since then, the majority of new grads have headed to the AI industry, with nearly double the percentage of AI Ph.D. grads taking industry jobs versus academic roles in 2021, according to Stanford's Institute for Human-Centered AI's 2023 AI Index Report. "All AI companies have roles for people with Ph.D.s and without," said Attaluri, the soon-to-be researcher at DeepMind.
Driven by the recent AI boom, companies are raiding top college campuses for rare technical talent. She's currently on leave from her Stanford AI Ph.D. program to focus on Moonhub. In 2011, new AI Ph.D. graduates took jobs in the tech industry and academia in about equal measure. But since then, the majority of new grads have headed to the AI industry, with nearly double the percentage of AI Ph.D. grads taking industry jobs versus academic roles in 2021, according to Stanford's Institute for Human-Centered AI's 2023 AI Index Report. "All AI companies have roles for people with Ph.D.s and without," said Attaluri, the soon-to-be researcher at DeepMind.
According to the Global Innovation Index 2022, global government R&D investment is growing and the UK is ranked fourth for global innovation (and third most innovative economy in Europe). "Space observation is vital for our planet — the UK invests in the European Space Agency and at the Space Cluster at Harwell, a significant science and innovation park." Jo Hawley, deputy director for aerospace, space and automotive at DBT, reported that the UK space sector spent £836 million on R&D in 2021. The company has reported strong growth of its life science research tools business, reflected in the international footprint of its commercial and distribution operations. The Department for Business and Trade can connect you with dedicated, professional assistance to locate R&D investment opportunities and support.
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 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.
Emerging technology like ChatGPT is usually called overhyped until it becomes essential. ChatGPT lets users ask its bot questions or give it prompts using GPT-3, an impressive piece of natural-language-processing AI tech. ChatGPT and the Gartner Hype CycleIn layman's terms, ChatGPT is a chatbot using GPT-3, a state-of-the-art AI model that uses a massive amount of data to generate humanlike text. It's all very exciting and new, which is where the Gartner Hype Cycle, from the tech-research and consulting firm Gartner, comes in handy. To be sure, the rise of generative AI and more forms of ChatGPT aren't assured.
Suzanne Kreiter | The Boston Globe | Getty ImagesWith rising mortgage rates, homeowners are staying in place. By the end of the first quarter of this year, before the steep runup in mortgage rates caused the housing market to falter, homeowners had a collective $11 trillion dollars in so-called tappable equity, according to Black Knight. That equity is part of a three-pronged driver of home improvement, according to the CEO of Lowe's, Marvin Ellison. "The growth rate for improvement spending will slow due to declines for existing home sales," said Robert Dietz, NAHB's chief economist. "However, an aging housing stock, work from home trends and a decline for household mobility all favor remodeling spending."
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