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☆ Explore How Income Influences Attendance at 139 Top Colleges
▼ + stars: | 2023-09-11 | by ( Aatish Bhatia | Claire Cain Miller | ) www.nytimes.com time to read: +8 min

Explore How Income Influences Attendance at 139 Top CollegesAt many selective private colleges, being very rich is a door to entry — students with parents earning in the top 1 percent attend at much higher rates than other similarly qualified students, new data shows. The data is available for 139 colleges, including the top private colleges according to Barron’s and many of the top public and private colleges in U.S. News & World Report. The researchers also had access to internal admissions data for several of the most elite private colleges. In much of the next tier of elite private colleges, rich students have a similar advantage. Even though college attendance rises with parental income, when it comes to educating the majority of America’s four-year college students, public universities play a vital role — regardless of how much their parents make.

Persons: Raj Chetty, Deming, Friedman, Professor Chetty, John N . Friedman of Brown, David J . Deming, ”, Jesse Rothstein, Chetty, They’re Organizations: U.S . News, Harvard, Dartmouth, Chetty, Ivy League, University of California, Stony Brook University, Carnegie Mellon Locations: U.S, Dartmouth, Georgetown, Berkeley, Los Angeles, California, Swarthmore, Wellesley

☆ Grandma’s Pearls, in Fresh Fashion
▼ + stars: | 2023-09-07 | by ( Stephanie Cain | ) www.nytimes.com time to read: +1 min

Dri Buono Patel already had her wedding jewelry — diamond cluster earrings, to complement her satin off-the-shoulder gown — picked out for months, but just weeks before the ceremony, she fell in love with pearls. When she saw a pair of drop earrings featuring South Sea pearls, she decided to change her entire jewelry look on the spot. “I was given a pearl necklace in my childhood, and I’ve always been attracted to their simple elegance,” Ms. Patel, 27, said. Last fall, the company received more inquiries than usual from brides interested in pearls. Since then, rentals have been booked out months in advance, Ms. Grunstein said, all the way into 2024.

Persons: Dri Buono Patel, —, I’ve, Ms, Patel, Lauren Grunstein, Grunstein Locations: Moorestown, N.J, New York

☆ In the Wake of Wildfires, Maui Weddings Persevere
▼ + stars: | 2023-09-01 | by ( Stephanie Cain | ) www.nytimes.com time to read: +1 min

Tara Lee Murphy photographed a late-morning wedding ceremony at Pacific’o on the Beach, a popular restaurant in downtown Lahaina, on Maui, on August 8. Ms. Murphy, who owns Tara Lee Photography, described the wedding day as the windiest she has ever seen. Ms. Murphy grew up in Maui, playing under Lahaina’s banyan tree as her mother worked at the Lahaina Arts Society nearby. Ms. Russo, a life coach, lived on Front Street in Lahaina. Ms. Murphy had photographed the last wedding there before the fire.

Persons: Tara Lee Murphy, Murphy, Tara Lee, Jessica Russo, Ms, Russo, fiancé Organizations: Lahaina Arts Society Locations: Pacific’o, Lahaina, Maui, Los Angeles, San Diego, Wailea

The 3M logo is seen at its global headquarters in Maplewood, Minnesota, U.S. on March 4, 2020. REUTERS/Nicholas Pfosi/File Photo Acquire Licensing RightsCompanies 3M Co FollowAug 25 (Reuters) - 3M Co (MMM.N) has agreed to pay more than $6.5 million to resolve U.S. charges of Foreign Corrupt Practices Act violations (FCPA) related to a 3M subsidiary in China, the Securities and Exchange Commission said on Friday. 3M did not admit or deny the SEC's findings, according to the statement. "This matter highlights the dangers to companies with global operations posed by inadequate internal accounting controls," said SEC's FCPA unit chief Charles Cain. 3M said it discovered in 2018 that some employees had circumvented company controls and ethics policy, and the company reported the matter to the U.S. government and fully cooperated with its investigation.

Persons: Nicholas Pfosi, Charles Cain, 3M, Susan Heavey, Ismail Shakil, Rami Ayyub, Caitlin Webber, Mike Harrison Organizations: REUTERS, Securities and Exchange, SEC, Employees, Thomson Locations: Maplewood , Minnesota, U.S, China

The American workers who have had their careers upended by automation in recent decades have largely been less educated, especially men working in manufacturing. But the new kind of automation — artificial intelligence systems called large language models, like ChatGPT and Google’s Bard — is changing that. The jobs most exposed to automation now are office jobs, those that require more cognitive skills, creativity and high levels of education. The workers affected are likelier to be highly paid, and slightly likelier to be women, a variety of research has found. In a majority of jobs, the models could do some of the tasks, found the analyses, including from Pew Research Center and Goldman Sachs.

Persons: Bard —, “ It’s, ”, Erik Brynjolfsson, Goldman Sachs Organizations: Stanford Institute for, Labor, Pew Research Center

☆ The 'undermanaging' boss is just as toxic as micromanagers and 'lacks the courage or work ethic to really coach and lead,' a workplace expert says
▼ + stars: | 2023-08-16 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

The "undermanaging" boss can be as toxic as micromanagers, a workplace expert said. A pushover boss can also hinder an employee's professional development. The undermanaging boss falters at the prospect of making difficult decisions and "will experience decision paralysis, making a bad situation even worse," according to Legg. Legg says that this type of manager is a "lazy boss who lacks the courage or work ethic to really coach and lead." Cain said the characteristics of a pushover boss include indecisiveness, fleeing confrontation, going with the flow, and letting workers walk all over them.

Persons: Undermanagers, Kevin Legg, Sage, falters, Legg, Áine Cain, Cain, indecisiveness, isn't Organizations: Service, Privacy, Workers, CNBC Locations: Wall, Silicon

It has been well established that legacies have an advantage in elite college admissions. But the new data was the first to quantify it by analyzing internal admissions records. They used more recent data, including the income tax records of graduates of the dozen top colleges in the study, to analyze their post-college outcomes. They estimated that legacy students were no more likely than other graduates to make it into the top 1 percent of earners, attend an elite graduate school or work at a prestigious firm. “This isn’t about unqualified students getting in,” said Michael Hurwitz, who leads policy research at the College Board and has done research on legacy admissions that found similar patterns.

Persons: Friedman, Raj Chetty, David J . Deming, Harvard —, ”, Michael Hurwitz, Biden Organizations: Harvard, College Board, Civil Rights, Education Department

The study — by Opportunity Insights, a group of economists based at Harvard who study inequality — quantifies for the first time the extent to which being very rich is its own qualification in selective college admissions. The result is the clearest picture yet of how America’s elite colleges perpetuate the intergenerational transfer of wealth and opportunity. Less than 1 percent of American college students attend the 12 elite colleges. For the several elite colleges that also shared internal admissions data, they could see other aspects of students’ applications between 2001 and 2015, including how admissions offices rated them. Share of admitted students who were recruited athletes at selected elite colleges Recruited athletes at elite colleges were much more likely to come from the highest-earning households.

Persons: ”, Susan Dynarski, Raj Chetty, John N . Friedman of Brown, David J . Deming, Christopher L, “, Neil Gorsuch, didn’t, Ivy, Dynarski, Pell, You’re, Michael Bastedo, Bastedo, John Morganelli, don’t, It’s, you’re, Jana Barnello, Stuart Schmill, “ It’s Organizations: Elite College, Ivy League, Opportunity, Harvard, Stanford, Duke, University of Chicago, Harvard Graduate School of Education, Princeton, Notre Dame, Public, University of Texas, University of Virginia, Fortune, University of Michigan, New York Times, Dartmouth, University of Michigan’s School of Education, Cornell, College Board, Brown, University of California Locations: M.I.T, America, Northwestern, N.Y.U, Austin, United States, California, U.C.L.A

☆ Regarding North Bath, Richard Russo Saved His Best for Last
▼ + stars: | 2023-07-23 | by ( Hamilton Cain | ) www.nytimes.com time to read: +1 min

SOMEBODY’S FOOL, by Richard RussoWelcome back to North Bath, scrappy sibling to the larger, wealthier Schuyler Springs, down the road in woodsy upstate New York. While Schuyler Springs is famous for wine bars, pricey restaurants and a racetrack, North Bath (or “Bath”) prides itself on a rustic vibe, greasy spoons and scrapyards and grand Victorian fixer-uppers. Set over three days in February 2010, the novel opens with a bleak snapshot: The recession has wreaked havoc on local businesses and families. Russo reprises the cast from “Nobody’s Fool” (1993) and “Everybody’s Fool” (2016), framing their foibles as social comedy in the mode of Charles Portis or Charles Dickens. (There’s an allusion to “Great Expectations.”) As with both authors, tumult brews beneath sunny surfaces.

Persons: Richard Russo, scrappy, Schuyler, Richard Russo’s, “, Donald “ Sully ” Sullivan, Sully’s, Peter, Ruth, Russo, Charles Portis, Charles Dickens Locations: North Bath, Schuyler Springs, woodsy, New York, Bath

☆ The Innovation Cage Match
▼ + stars: | 2023-07-17 | by ( Andy Kessler | ) www.wsj.com time to read: 1 min

For the first time since 1960, the TV and movie unions representing actors and writers are on strike over issues including better pay on streaming platforms like Netflix, Disney+ and Amazon Prime. Images: Zuma Press/AP/Getty Images/Reuters Composite: Mark KellyThe mystical and probably mythical Elon Musk-Mark Zuckerberg cage fight, which could perhaps be held in Rome’s Colosseum, is beyond stupid and would probably be nothing more than a rich slap contest. But it got me thinking about competition and why it so often happens in pairs, from Cain vs. Abel to ChatGPT vs. Bard and now Twitter vs. Threads.

Persons: Mark Kelly, Elon, Mark Zuckerberg, Cain, Abel, ChatGPT, Bard Organizations: Netflix, Disney, Amazon Prime, Zuma Press, Getty, Twitter

☆ 13 signs you're smarter than you think you are
▼ + stars: | 2023-07-11 | by ( Shana Lebowitz | Áine Cain | ) www.businessinsider.com time to read: +1 min

Potential signs of high intelligence include being messy and worrying a lot. Check out the list below and see if any of these signs apply to you. In other words, smart people often underestimate their brain power. If you're not too sure about your own intellect, it could indicate that you're pretty intelligent — thoughtful enough to realize your limitations, at least. Here are some subtle signs that you are considerably smarter than you think.

Persons: Shakespeare, David Dunning, Justin Kruger, Dunning, Kruger, — Organizations: Service, Cornell University Locations: Wall, Silicon

☆ South Korea wants to be a top A.I. hub — its chip dominance could be an advantage
▼ + stars: | 2023-07-06 | by ( Sheila Chiang | ) www.cnbc.com time to read: +5 min

Jung Yeon-je | Afp | Getty ImagesSouth Korea's dominance in the memory chip market and a robust artificial intelligence ecosystem gives it an advantage in the global AI chip race, said industry observers. South Korea dominating in the memory market is definitely an advantage," said James Lim, senior research analyst at Dalton Investments. "South Korea seeks to emerge as a prominent player in rapidly growing and promising areas such as AI semiconductors," said Lee. "South Korea has a robust local AI ecosystem, capable of competing with global tech giants," said Sung Nako, executive for large scale AI development at South Korean internet giant Naver. ChatGPT maker OpenAI's CEO Sam Altman had urged South Korea to lead AI chip production during his meeting with South Korean President Yoon Suk-yeol in June.

Persons: Jung Yeon, James Lim, Lee, Dylan Patel, SemiAnalysis, ., TrendForce, Sung Nako, Sam Altman, Yoon Suk, Altman, Dalton's Lim, Geoffrey Cain Organizations: Getty, Dalton Investments, CNBC, Samsung, SK Hynix South, Samsung Electronics, SK Hynix, Science, Micron, South, South Korean, Nvidia, Intel Locations: Seoul, Korea, South Korea, China, U.S

☆ Hugh Hewitt told Miami Mayor Francis Suarez 'to get smart' after he appeared to become the latest candidate to commit a foreign policy blunder
▼ + stars: | 2023-06-27 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

GOP presidential hopeful Francis Suarez appeared not to know what a Uyghur is. The Miami Mayor later told Insider that he did know what a Uyghur is, he was just confused by a radio host's pronunciation. Hewitt asked Suarez, the mayor of Miami. "I didn't recognize the pronunciation my friend Hugh Hewitt used," Suarez said. You really need to know about the Uyghurs, Mayor.

Persons: Francis Suarez, Suarez, —, Hugh Hewitt, Will, Hewitt, Mike Pompeo, Antony Blinken, Hugh Hewitt's, “, mispronounced, Hugh, chuckling, You've, Insider's, Gary Johnson, Herman Cain, Donald Trump Organizations: Miami Mayor, Service, Conservative, Miami, Floridian, White, New, New Mexico Gov, Libertarian, Republican, Israel's, Patriots Locations: Xinjiang, New Mexico, Aleppo, Libya, Yemen, Iran

☆ Want to Avoid a Rainy Ceremony? This Weather Expert Can Help.
▼ + stars: | 2023-06-24 | by ( Stephanie Cain | ) www.nytimes.com time to read: +2 min

If the venue is at the bottom of a hill, we’ll check if it normally floods. Sounds more complicated than the weather report on the evening news. We’re tracking every radar possible, every reporting data possible, and creating a clear picture of what the weather will be on a specific day. We provide that information to wedding planners so they know what to expect, make accommodations and find creative solutions. But we can give you all the information on wind, speed, humidity and temperature, so you can take that to a hair stylist.

Persons: what’s, We’ve Locations: Martha’s Vineyard, Lake Como, Italy, Florida

☆ Vivek Ramaswamy Is ‘a Hint of the Future’: Our Writers on His Candidacy - The New York Times
▼ + stars: | 2023-06-23 | by ( New York Times Opinion | ) www.nytimes.com time to read: +1 min

He thinks he’s running to be Donald Trump’s vice president; he’s probably actually running to be the next Pete Buttigieg, a second-tier cabinet official with a strong TV presence and a somewhat thankless portfolio. David French As an eloquent and passionate defender of Trump, quite seriously. As a potential Trump vice president, moderately seriously. Michelle Goldberg He’s running a serious campaign to build a right-wing media brand. What matters most about him as a presidential candidate?

Persons: Ross Douthat, Donald Trump’s, he’s, Pete Buttigieg, David French, Michelle Goldberg He’s, Katherine Mangu, Andrew Yang, Daniel McCarthy, Ron Paul, Bruni He’s, Herman Cain, Marianne Williamson, — Organizations: Trump, Oval, Republican, Democratic

More than a quarter said they would have to cut wages — from a median hourly wage of about $12. Nearly a third of providers, including 44 percent at those owned by minorities, said they might consider leaving their job or, in the case of home-based child care, closing altogether. “Federal funding made a huge difference,” said Julie Kashen, a senior fellow at the Century Foundation and an author of the new report. Without the grants, she said, the center, which her parents started 40 years ago, would have closed during the pandemic. She used the money to raise hourly pay to $15 “because they all deserve it,” she said.

Persons: ”, Julie Kashen, Jen Whyte Organizations: Century Foundation Locations: Millcreek , Utah

☆ 5 wild conspiracy theories surrounding the sinking of the Titanic
▼ + stars: | 2023-06-21 | by ( Áine Cain | Will Gendron | ) www.businessinsider.com time to read: +2 min

JP Morgan was behind the whole thingA portrait of JP Morgan circa 1900. Photo by Museum of the City of New York/Getty ImagesThis rumor has everything you could want in a conspiracy theory. The Federal Reserve Bank. There's a theory out there that JP Morgan sank the Titanic in order to pave the way for the establishment of the Federal Reserve Bank in the US. Morgan was reportedly supposed to be on the ship, but decided to skip the maiden voyage at the last second.

Persons: Morgan, JP Morgan, John Jacob Astor, Benjamin Guggenheim, Macy's, Isidor Straus, Astor, We've, Straus, Ida, Layton, Morgan could've Organizations: Museum of, Federal Reserve Bank, Titanic, White Star, Pittsburgh Post, Gazette, US Federal Locations: City of New York, Europe

☆ Everyone Says Social Media Is Bad for Teens. Proving It Is Another Thing.
▼ + stars: | 2023-06-17 | by ( Claire Cain Miller | ) www.nytimes.com time to read: +1 min

Research has not yet shown which sites, apps or features of social media have which effects on mental health. It’s also hard to prove that social media causes poor mental health, versus being correlated with it. Most studies measure time spent on social media and mental health symptoms, and many, though not all, have found a correlation. But other researchers say measuring time spent isn’t enough: In these studies, it’s unclear if time on social media is the problem, or if it’s time away from other things like exercising or sleeping. It has found that time spent on social media is less of a factor than teenagers’ moods while using it.

Persons: ”, Sophia Choukas, Bradley, It’s, Awesome Organizations: Teen, University of Pittsburgh, University of Amsterdam, Erasmus University Locations: Rotterdam

☆ How Samsung became the world’s No. 2 advanced chipmaker and set the stage for a U.S. manufacturing boom
▼ + stars: | 2023-06-09 | by ( Katie Tarasov | ) www.cnbc.com time to read: +5 min

In this article NVDAQCOM6758.T-JPAMATAMD2330-TW.FKRX300MUAAPL Follow your favorite stocks CREATE FREE ACCOUNTSamsung's $17 billion new chip fab is under construction in Taylor, Texas, on April 19, 2023. CNBC recently went inside Samsung's Austin chip fab, for the first in-depth tour given on camera to a U.S. journalist. Samsung got its start in 1938 as the Samsung Sanghoe Trading Company, founded by Lee Byung-chull in Korea. Just a decade after making its first memory chip, Samsung was coming to market with a version that had 1,000 times the capacity. As consumers rein in their spending in the face of rising inflation, demand for memory chips has weakened sharply.

Persons: Katie Brigham, Jon Taylor, Patel, Jinman Han, Han, Lee Byung, Lee Kun, Geoffrey Cain, weren't, Apple, Cain, Jay Y, Lee, Yoon Suk, Joe Biden, Jonathan Ernst Organizations: AMD, Samsung, Taiwan Semiconductor Manufacturing Company, Intel, they'll, CNBC, Austin, Samsung Sanghoe Trading Company, Samsung Samsung, Samsung Electronics, Samsung TV, Hankook Semiconductor, Apple, Republic of Samsung, Samsung Electronics Pyeongtaek, Reuters Locations: Taylor , Texas, TSMC, U.S, Korea, New Jersey, Silicon Valley, South Korea, Republic of, Austin , Texas, Texas, Austin, Pyeongtaek

☆ A Trans Model’s Path to Success and More: The Week in Reporter Reads
▼ + stars: | 2023-06-02 | by ( ) www.nytimes.com time to read: +1 min

In the late 1990s, beginning at age 15, Geena Rocero was a beauty queen working the transgender pageant circuit in the Philippines, where shows are broadcast on national television. Her victories earned her both money and fame. She said her signature wig style — a side bang and a flipped end — became a trend unto itself among fellow beauty contestants. In the Philippines, Ms. Rocero lived openly as a transgender woman with the support of both her relatives and chosen family, but she could not legally change her sex. ◆ ◆ ◆Written by Brett Anderson and Julia Moskin | Narrated by Brett Anderson

Persons: Geena Rocero, Cain, Rocero, ◆, Brett Anderson, Julia Moskin Organizations: Modeling Locations: Philippines, San Francisco, New York, United States

☆ Florida’s homeowner insurance rates are four times the national average. That’s not getting better anytime soon
▼ + stars: | 2023-06-01 | by ( Chris Isidore | ) edition.cnn.com time to read: +7 min

But no matter how many storms hit Florida this year, the state’s residents are already struggling as they try to get homeowners’ insurance. But in Florida, State Farm has about 7% of the market, according to the Insurance Information Institute, an industry trade group. Just more than half of insurers based in Florida are on the state insurance regulator’s watch list due to their financial health. Homeowners in the state pay private insurers about $6,000 a year, compared to a national average of $1,700. But wind damage to homes and roofs are covered under homeowners’ insurance policies.

Persons: ”, Mark Friedlander, hasn’t, Friedlander, It’s, Hurricane Ian, Harvey, “ We’ve, shortchanging policyholders, Stephen Cain, “, Matthew Carletti, “ They’ve, ” Carletti, There’s Organizations: New, New York CNN — Hurricane, State, Insurance Information Institute, Homeowners, Atlantic, National Oceanic, Atmospheric Administration, Hurricane, NOAA, National Flood Insurance, Insurance, Property Insurance Corp, Citizens Property Insurance Corp, Citizens, Dade, JMP Securities Locations: New York, Florida, South Florida, Miami, Broward, Monroe County, South, Atlantic Coast

☆ Theranos founder Elizabeth Holmes is set to report to prison. Here's a timeline of her relationship with her co-defendant and ex-boyfriend, Sunny Balwani.
▼ + stars: | 2023-05-30 | by ( Elana Klein | ) www.businessinsider.com time to read: +2 min

In 2002, Elizabeth Holmes, then 18, met Sunny Balwani, then 37, in Beijing, China. Balwani became her long-term boyfriend and, later, the COO of her startup, Theranos. Holmes is set to report to prison Tuesday. Elizabeth Holmes and Ramesh "Sunny" Balwani engaged in a years-long workplace relationship that ended when he left their company, Theranos, in 2016. However, Holmes is expected to report to prison on Tuesday to finally begin her sentence.

☆ The Joys of a Solo Bachelorette Trip
▼ + stars: | 2023-05-25 | by ( Stephanie Cain | ) www.nytimes.com time to read: +1 min

Aja Dang-Puspos arrived to champagne and strawberries at her bachelorette celebration in July 2022 at the Civana Wellness Resort and Spa in Carefree, Ariz. Ms. Dang-Puspos, 36, a small-business owner and YouTube content creator based in Los Angeles, was excited about having a week of rest, self-care and indulgence. She had everything she wanted for her bachelorette, but it was missing one common element: guests. It was a solo bachelorette party. “I didn’t want anyone to ask me questions about what to do, where to eat, where to go.

☆ Analysis: GM's 2025 EV output could be crimped by battery bottleneck
▼ + stars: | 2023-05-18 | by ( Paul Lienert | ) www.reuters.com time to read: +4 min

"We have not changed our targets," GM spokesman Jim Cain said. Those targets include cumulative EV production of 400,000 from early 2022 through mid-2024, a revised goal that CEO Mary Barra reiterated earlier this year. "We believe GM’s targets are hittable despite hurdles to get there," Wedbush auto analyst Dan Ives said. GM has not issued specific North American EV production targets for 2024 and 2025. GM’s North American EV production targets beyond 2025 “will continue to push the limits” of its battery plants, according to AFS, including a recently announced fourth factory with new partner Samsung SDI (006400.KS) that isn’t expected to open until 2026.

It's possible to buy a house with bad credit, but you may end up with a high mortgage rate. Unlike conforming mortgages, which require a good credit score to qualify, loans that are available to those with lower credit scores typically have higher mortgage rates. You can also use our guide to the best low credit score mortgage lenders to see which lenders accept borrowers with lower scores. Get copies of your credit reportUnderstanding your credit history is key to understanding what's affecting your credit score. Review your credit report again to see what is impacting your credit score, then take steps to improve it.

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