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download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Considering our workload, one wrong step on a college application can be the difference between acceptance and rejection. I've seen it countless times as a college-admissions expert, as well as the founder of the Ivy League Challenge . A Harvard alumnus myself, I help teens develop the skills they need to get into college and thrive once they're there. Tragically, many bright and ambitious teens slowly burn themselves out, only to turn in an application that looks like all the other ambitious teens' applications.
Persons: I'm, , I've, You've, they'll Organizations: Service, Ivy League, Harvard, Duke Locations: America
Grade Inflation Needs to Stop - The New York Times
  + stars: | 2023-10-23 | by ( Tim Donahue | ) www.nytimes.com   time to read: +3 min
While I may fret over the ambiguity on Page 5 of a student’s essay, I’m aware of the greater machine. Grade inflation, after all, acts just like real inflation. In the shape-shifting landscape of college admissions, grades have never been more important. And a recommendation letter coming from someone who teaches 150 students is going to look different than from someone who teaches 50. As a high school teacher, I don’t want to hold that much power, nor do I think I should.
Persons: I’ll, it’s Organizations: College
When we account for how few poor students take the test, by looking at all students, a new and greater disparity emerges. It’s a reflection of an inequality in American education that starts long before high school. New SAT Data Highlights the Deep Inequality at the Heart of American EducationNew data shows, for the first time at this level of detail, how much students’ standardized test scores rise with their parents' incomes — and how disparities start years before students sit for tests. And in the last five decades, as the country has become more unequal by income, the gap in children’s academic achievement, as measured by test scores throughout schooling, has widened. Parenting in places with less income inequality and more public investment in families is more playful and relaxed, research shows.
Persons: , Sean Reardon, Reardon, , , John N, Friedman, Brown, Raj Chetty, David J . Deming, Deming, Ann Owens, Owens, Rich, Chetty, “ It’s, Nate G, Hilger, Drew Angerer, Robert Putnam, “ ‘, you’re, “ They’ve, they’ve, Jesse Rothstein Organizations: ACT, of American Education, Opportunity, Harvard, Stanford Graduate School of Education, Chetty, University of Southern, Research, The New York Times, University of California Locations: University of Southern California, Berkeley
For them, applying early decision is a risk. According to the latest data from the University of Pennsylvania, the acceptance rate for students applying early decision was 16% for the 2022-23 academic year. “Typically, we admit about half of the incoming class through the early decision admissions plan,” said a University of Pennsylvania spokesperson. That same Duke survey found that nearly half of early decision applicants identified as White. He said he considered applying early decision to Cornell University, but ultimately decided against it.
Persons: , “ It’s, Marcella Bombardieri, it’s, Rachel Rubin, , Duke, Rubin, Sai Mandhan, Mandhan, It’s, he’s, , Cornell … Organizations: CNN, Harvard, Ivy League, University of Pennsylvania, Center for American Progress, Duke University, Students, Georgetown University’s, Court, Yale, Notre Dame, Stanford, Yale University, Cornell University, Cornell, University of Maryland Locations: Maryland
Two Trump co-defendants plead guilty. What next?
  + stars: | 2023-10-21 | by ( Zachary B. Wolf | ) edition.cnn.com   time to read: +7 min
Sidney Powell , a public face of Trump’s attempts to challenge the election results in 2020 and 2021, pleaded guilty Thursday. The former Trump attorney willavoid jail time but agreed to testify as a witness and pleaded guilty to six misdemeanors for conspiracy to commitintentional interference, downgraded from felony charges she had faced. He pleaded guilty Friday to a single felony, conspiracy to commit filingfalse documents. Trial dates have not been set, and Trump has pleaded not guilty. But guilty pleas, Williams said, are now evidence that crimes were committed as Trump tried to make Joe Biden’s 2020 victory disappear.
Persons: – unsolvably, Donald Trump’s, Georgia’s, Sidney Powell, He’s, Kenneth Chesebro, Scott Hall, Trump, Powell’s Chesebro, Rudy Giuliani, John Eastman, Elliot Williams, Fani Willis, Williams, Joe Biden’s, ” Williams, Jim Sciutto, CNN Max, “ Chesebro, , Chesebro, Powell, CNN’s Marshall Cohen, Cohen, Jack Smith, Tanya Chutkan, , Chutkan, Arthur Engoron, Engoron, ” Trump, Chris Christie, ” Christie, “ Donald Trump doesn’t, Christie, Oliver Darcy, CNN’s, “ It’s, ” Darcy Organizations: CNN, Trump, White, Republican, Former New Jersey Gov, NBC, Salem Radio Network, GOP, Trump Republicans Locations: Israel, Georgia, Coffee, New York, Washington, Florida, Fulton County, Washington ,, Clive , Iowa, Miami, Salem
The failed full-court press to install Republican Rep. Jim Jordan as House Speaker revealed ugly examples of how violent threats are becoming normalized inside Trump’s GOP. According to Rep. Steve Womack of Arkansas, the strategy behind the threats is to “Attack, attack, attack. In the run-up to that attack, members of the Proud Boys even bragged that they could dress up as Antifa. In the next breath, however, he says that the war in Israel creates moral urgency to push through a Jim Jordan speakership. Any sense that this was a random unhinged person without a partisan political agenda was demolished by his demand that the congressman vote for “Jim Jordan or more conservative.” This caller has explicit right-wing ideological demands.
Persons: John Avlon, , Jim Jordan, Mariannette Miller, Meeks, Jordan, Ken Buck, Colorado, he’d, Steve Womack, “ It’s, , Jake Tapper’s, ” It’s, bender, That’s, Jim Jordan speakership, doesn’t, , Trump, Trump’s, Liz Cheney, Scott Perry, Scott Perry of Pennsylvania, Jake Sherman, Rep, Warren Davidson, Donald Trump’s, Utah Sen, Mitt Romney, Jordan couldn’t Organizations: CNN, Republican, GOP, , NBC, Republicans, Capitol, Trump, Rep, Punchbowl News, Ohio, Republican Party, Utah Locations: “ Lincoln, Iowa, Arkansas, Israel, Scott Perry of
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Shaky marketsStocks slid on Thursday, with the Dow down over 250 points after Powell's speech and as the benchmark 10-year U.S. Treasury yield inched closer to the key level of 5%. Las Vegas Sands' Asia betThe world's largest casino company's recovery from the Covid-19 pandemic is gaining steam, and Asia is a big reason why. Las Vegas Sands announced it pulled in $1.12 billion in third-quarter adjusted property EBITDA, an important gauge of profitability in the gambling industry.
Persons: Jerome Powell, Powell, Powell didn't, Dow, That's Organizations: Economic, of New, CNBC, Treasury, Disney, Vegas Sands Locations: of New York, New York City, U.S, Vegas Sands, Asia
Federal Reserve Chairman Jerome Powell speaks during a meeting of the Economic Club of New York in New York City, U.S., October 19, 2023. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. [PRO] Should you lock in those high yields right now? But with 10-year Treasury yields surging to 5% — a 16-year high, many investors might now be tempted to lock in those high yields and buy into bonds.
Persons: Jerome Powell, Powell, Powell didn't, Dow, That's Organizations: Economic, of New, CNBC, Treasury, South, Disney, Vegas Sands Locations: of New York, New York City, U.S, Asia, Pacific, Vegas Sands
Donors often give for specific purposes — facilities, faculty research, technology on campus, athletics, scholarships and financial aid for low-income students. The Wexner Foundation said it’s breaking off ties with Harvard University, alleging the school has been “tiptoeing” over Hamas’ attacks. Lawrence Summers, the former president of Harvard and US Treasury Secretary, has criticized the “morally unconscionable” student statement and Harvard leaders’ response. But he said that financial threats from donors were not the right solution to influencing universities’ positions on these issues. Organizers of the Palestine Writes festival denied that it embraced antisemitism, according to UPenn student newspaper The Daily Pennsylvanian.
Persons: , Lee Gardner, Adam Glanzman, Sara Harberson, ” Gardner, , Indiana University’s, ” Harvard, Harvard “, Leslie Wexner, Abigail, Charles Mostoller, Claudine Gay, Boycott, Lawrence Summers, ” Summers, Jon Huntsman, Marc Rowan, Billionare Ronald Lauder, Susan Abulhawa, ” UPenn, Liz Magill, ” Magill Organizations: New, New York CNN, Harvard University, University of Pennsylvania, Ivy League, Harvard, Higher Education, Philanthropy, Bloomberg, Getty, “ Ivy League, Indiana, Indiana University’s Lilly Family School, , , “ Revenue, Wexner Foundation, Palestinian, College Hall, Israel, Israel Fellows, Wexner, US, CNN, Wall, Daily, University Locations: New York, Israel, UPenn, United States, Philadelphia , Pennsylvania, U.S, , Palestine, Palestinian
According to a Wednesday filing, the theme parks segment had more than $24 billion in overall revenue for the first nine months ended July 1. Theme park admissions alone accounted for nearly $8 billion of 2023's nine-month total, up 21% from the same period in 2022. Previously, Disney reported retail and wholesale sales of merchandise food and beverage as one category and merchandise licensing as another. Read more: Disney gives investors a look at ESPN financialsThe Wednesday filing highlights that Disney's theme park revenue continues to grow even as the overall theme park industry has slowdown in attendance and hotel room occupancy. Travel agents have pointed to higher ticket prices and a rise in trips to Europe as the major factors in declining domestic theme park attendance.
Persons: Read Organizations: Disney, ESPN, ESPN financials Locations: Europe
The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York City, U.S., December 3, 2021. The SEC acted within its authority in approving the rule, and was allowed to consider the opinions of investors who said board diversity information was important to their investment decisions, the court said. "This evidence is sufficient to support the SEC's determination that regardless of whether investors think that board diversity is good or bad for companies, disclosure of information about board diversity would inform how investors behave in the market," the panel wrote. They said the rule is not a quota but a disclosure requirement that provides standardized information on board diversity. Circuit Court of Appeals, No.
Persons: Edward Blum, Blum, Biden, Jody Godoy, Mark Porter, Jonathan Oatis Organizations: Nasdaq, REUTERS, Circuit, National Center for Public Policy Research, Alliance for Fair, SEC, Harvard University, University of North, U.S . Securities, Exchange Commission, Companies, Republican, Democratic, Fair, U.S, Thomson Locations: New York City, U.S, New Orleans, University of North Carolina, New York
A Texas judge has slowed down a bankruptcy deal involving Tehum, formerly Corizon, a leading prison health provider. The judge on the case, Christopher Lopez, raised other concerns, saying "the fundamental deal has to be reconsidered." A federal judge has declined to consider expedited approval of the plan's disclosures, saying far too many questions remained unanswered. "We're not going forward today," Judge Christopher Lopez said at a hearing on Tuesday in the Southern District of Texas bankruptcy court in Houston. The settlement deal would resolve hundreds of the malpractice suits for just $5,000 each — even those from families suing on behalf of loved ones who they say died due to Corizon's neglect.
Persons: David Jones, Christopher Lopez, , We're, Sen, Elizabeth Warren, Corizon, Lopez, it's, I've, Jason S, Lopez's, Jones, Elizabeth Freeman, Freeman, Ha Nguyen, Hector Garcia, Hector Garcia Jr Organizations: Tehum, US, Service, Southern District of, Houston, Justice Department Locations: Texas, Southern District, Southern District of Texas, Houston, YesCare, Corizon, New Mexico
When lawmakers forced New York City last year to reduce public school class sizes, many parents celebrated a long-awaited victory. At New York’s high schools, classrooms would shrink to 25 students over the next several years, down from 34, coming close to class sizes in some suburban districts. But what would typically be a major selling point for a school system has transformed into an emerging battle. A growing number of families who want their children to attend the city’s most selective institutions, including its coveted crown jewels like Stuyvesant and Bronx Science, worry their odds could decrease at popular schools with packed classes and little extra space. The anxieties reflect perennial fights over elite school admissions, one of the most fraught issues in New York’s school system, the nation’s largest.
Organizations: New, New York City, Bronx Science Locations: New York, Stuyvesant, New
Insider recently revealed that prominent bankruptcy judge David Jones was in a romantic relationship with a bankruptcy attorney. Both Jones and the attorney had involvement with the bankruptcy case of the prison healthcare company Corizon. Jones oversaw the settlement talks in Tehum's bankruptcy; Freeman represented YesCare — and signed off on Jones' appointment as mediator in May. "Judge Jones did not disclose his relationship with Ms. Freeman to the parties, to their counsel or to the bankruptcy judge who appointed Judge Jones," the misconduct complaint says. Already, the disclosure of Jones' relationship has encouraged the US Trustee to intervene.
Persons: David Jones, Jones, , , Elizabeth Freeman, Jackson Walker, Freeman, Corizon, Tehum, YesCare —, Michael Van Deelen, Priscilla Richman, Richman, Judge Jones, Christopher Lopez, " Jones Organizations: Fifth, Service, Southern, Southern District of Texas, Corizon Health, Tehum Care Services, Wall Street Journal, Appeals, Circuit, Fifth Circuit, Bloomberg Locations: Southern District, Texas, Corizon, Tehum's
watch nowWithout broad-based student loan forgiveness, some colleges have a new strategy to keep students from drowning in debt. Roughly two dozen schools have introduced "no-loan" policies, which means they are eliminating student loans altogether from their financial aid packages. More from Personal Finance:More colleges are offering guaranteed admissionStrategy could shave thousands off college costsShould you apply early to college? Colby College in Waterville, Maine, has had a no-loan policy in place since 2008. For Terra Gallo, who is a senior majoring in environmental policy, "Colby's no-loan policy and the fact that demonstrated need is met and accounted for was something that was important to both me and my family."
Persons: Nicole Hurd, Hurd, Terra Gallo, Gallo, Colby, Jackie Hardwick, Hardwick, Randi Maloney, Robert Franek, Franek, Forrest Stuart Organizations: Lafayette College, Finance, Colby, Quest, Princeton, The Princeton Locations: Easton , Pennsylvania, Lafayette, Waterville , Maine, Jacksonville , Florida
Last week, Insider revealed that prominent bankruptcy judge David Jones was in a romantic relationship with a bankruptcy attorney. The Office of the US Trustee, the bankruptcy regulator, has filed an objection in the Corizon bankruptcy case, citing Jones' "admissions." The Office of the US Trustee intervenesToday the Office of the US Trustee, the federal regulator that oversees bankruptcy cases, took the unusual step of intervening in the bankruptcy case. AdvertisementAdvertisementThe office filed multiple objections to the proposed settlement plan overseen by Judge Jones, including concerns about Jones' role as mediator. The bankruptcy plan breaks creditors down into several classes.
Persons: David Jones, Jones, , Elizabeth Freeman, Freeman, Corizon, Tehum, Michael Van Deelen, didn't, he'd, Harris, Marvin Isgur, Christopher Lopez, Lopez, Judge Jones, Hector Garcia Jr, Hector Garcia, they're, Lila Hassan Organizations: Fifth Circuit, Service, Southern, Southern District of, Court, Fifth, Tehum Care, Wall Street Journal, Houston, Corizon Locations: Southern District, Southern District of Texas, Texas, YesCare, New Mexico
AdvertisementAdvertisementI knew college was the right choice for me, but I wasn't sure at first how I would pay for it. I reached out directly to people who could help, which got me opportunities like a work study program. It cannot be overstated how difficult it is to apply to, pay for, attend, and graduate from college as a first-generation, low-income student, especially without ending up with huge student loans. I applied for merit-based scholarshipsSome universities allow you to apply for scholarships directly when you submit your college application. Private Student Loans If you need to fill any financing gaps for college after exhausting all of your options, see our guide for the best private student loans.
Persons: , I've, I Organizations: Service, Pew Research Center, Boston University Locations: QuestBridge
Even as inflation cools and the economy stays strong, people still feel uneasy about the current outlook. Now, price growth is slowing down, but not necessarily for the things Americans want. But prices on things Americans want to do — like go to movie theaters, buy alcohol, or care for their pets — are still persistently high. Even with wages going up, inflation is making it more costly to go out to eat or even Netflix and chill. AdvertisementAdvertisementEven as more Americans land jobs, high inflation has left some Americans in dire straits and disproportionately hits the country's lowest earners.
Persons: , there's, Labor Julie Su Organizations: Service, Student, Suffolk University Sawyer Business School, USA, Labor, Bureau of Labor Statistics, Census Bureau, Survey
The lawsuits against the US Navy and West Point suggest that opponents of affirmative action are serious about eliminating any policy of diversity based on race. It’s not surprising that the US Armed Forces have drawn criticism from affirmative action foes. As the country heads into the presidential election year, more lawsuits invoking the Voting Rights Act are expected to follow. Many Black workers historically used auto jobs to build careers, but advancement opportunities have diminished since the early aughts. “But the decline in US auto jobs and the erosion of unions have hit Black workers hardest,” he wrote.
Persons: CNN —, , ” SFFA, It’s, Henry C, Harris , Jr, Rogers H, Beardon, Frank Frederick Doughton, Elmer B, Edward Blum, Blum, Alabama’s, , Blum —, Holder, Shelby, you’ve, CNN’s Nathaniel Meyersohn, Evelyn Hockstein, Reuters Meyersohn, , John Blake Organizations: CNN, US Naval Academy, Harvard, University of North, Fair, US Military Academy, West, US Navy, US Armed Forces, Defense Department, Black US Army, Military, Fort, US Supreme, Republican, Alabama’s GOP, UAW, United Auto Workers, Detroit’s Big, Reuters Locations: University of North Carolina, America, Fort Benning, Georgia, Alabama, Florida , Louisiana, County, Detroit, Belleville , Michigan
The Financial Reporting Council (FRC) said the number, range, and seriousness of the deficiencies in the audits of Carillion were exceptional, resulting in the watchdog's highest ever fine. On occasions, KPMG audit partner Peter Meehan told his team to record his review of working papers without having done a review, the FRC said. Meehan, no longer with KPMG, was fined 350,000 pounds after a discount to reflect his cooperation and admission of failures. It would have been 30 million pounds, but was discounted due to admissions and co-operation by the auditor. KPMG was fined 14.4 million pounds last year after providing false and misleading information to the FRC during spot checks on audits of Carillion and outsourcing firm Regenersis.
Persons: Reinhard Krause, Carillion, Richard Moriarty, Moriarty, Peter Meehan, Meehan, Jon Holt, Holt, Huw Jones, Sharon Singleton, Mark Potter Organizations: KPMG, Canary, REUTERS, BHS, Council, FRC, PwC, Deloitte, EY, Thomson Locations: London, Britain
"There are many other law firms with similar racially discriminatory programs," Blum said in a statement. "It is to be hoped that these firms proactively open their programs to all law students before they are sued in federal court." The paid fellowships were designed in part to help support the recruitment of people of color, which major law firms have long struggled to add to their partnership ranks. Last year, people of color comprised 11.4% of all partners in major U.S. law firms, according to the National Association for Law Placement. The lawsuit alleged the fellowship program violated a Civil War-era law enacted to protect formerly enslaved Black people that bars racial bias in contracting.
Persons: Edward Blum, Morrison, Foerster, firm's, Edward Blum's, Perkins Coie, Blum, Blum's, Fearless Fund's, Nate Raymond, Alexia Garamfalvi, Bill Berkrot Organizations: Fair, Harvard University, Wednesday, Edward Blum's American Alliance for Equal Rights, National Association for Law, U.S, Supreme, Harvard, University of North, Thomson Locations: Boston, Dallas, Seattle, University of North Carolina
Caroline Ellison is set to testify later today in the criminal case against Sam Bankman-Fried. The former Alameda Research CEO is expected to be a key witness in the case against Bankman-Fried. AdvertisementAdvertisementAll eyes will be on star witness Caroline Ellison when she takes the stand later today in the trial against her ex-boyfriend and former boss Sam Bankman-Fried. They say Bankman-Fried siphoned money from customer accounts to fund crypto bets with Alameda Research, a hedge fund he controlled. Since the exchange collapsed, the former FTX CEO has attempted to put the blame for the platform's collapse on other executives, including Ellison.
Persons: Caroline Ellison, Sam Bankman, Ellison, , FTX, Eric Chaffee, Prosecutors, Fried, Mark Cohen, Ellison —, Cohen, BRYAN R, SMITH, Jane Street, Gary Wang —, Wang, Adam Yedidia, Chelsea Jia Feng, Yedidia, Caroline, Lewis Kaplan, who's, Michael Lewis Organizations: Alameda Research, Service, Case Western Reserve University, Manhattan Federal, Bankman, Alameda, Research, New York Times, US Department of Justice, US Locations: Bankman, FTX, Alameda, Bahamas, Manhattan
Caroline Ellison gave details on her past relationship with Sam Bankman-Fried in court on Tuesday. The ex-Alameda Research CEO said she "wanted more" in the relationship. Caroline Ellison, the former CEO of Alameda Research, broke down her relationship with her on-and-off boyfriend Sam Bankman-Fried during his criminal trial in a downtown Manhattan federal courtroom on Tuesday. "In our personal relationship, there was a feeling that I wanted more in our relationship," Ellison testified. Prosecutors allege the former FTX CEO commingled funds between FTX and Alameda Research.
Persons: Caroline Ellison, Sam Bankman, Ellison, , Jane Street, Fried, Michael Lewis, Caroline, Lewis, Sam Organizations: Alameda Research, Service, Jane, New York Times, Bankman, Prosecutors Locations: Manhattan, FTX, Alameda
Bill Ackman is calling on Harvard to release the names of students who are part of groups that signed a letter solely blaming Israel for the crisis in Gaza. The billionaire says he and other CEOs want to know so they don't "inadvertently hire any of their members." The letter has drawn backlash from many Harvard alums, including Ackman, for its staunch position. AdvertisementAdvertisementBillionaire hedge fund manager Bill Ackman has called on Harvard University to release the names of students who are members of organizations that signed a letter saying Israel is "entirely responsible" for the violence unfolding in the region. His request to release students' names has received a mixed response on Twitter — certainly not everyone agreed.
Persons: Bill Ackman, Israel, , Ackman, Ian Bremmer, Larry Summers, Seth Moulton, Ted Cruz, Hama, Claudine Gay Organizations: Harvard, Service, Harvard University, Eurasia Group, Harvard Palestine Solidarity Groups, Harvard Palestine Solidarity Committee, US, Pershing, Capital Management, Pershing Square Foundation, Center for Jewish, Rights Watch, America, Twitter Locations: Gaza, Israel, Harvard Palestine, Harvard
Sonoma State University Courtesy: Sonoma State UniversityTo help make college a reality, Sonoma State University is trying a relatively new approach: High school students who have completed the requisite coursework and have a minimum 2.5 high school GPA are now "guaranteed admission" to the Rohnert Park, California-based school. Last spring, the State University of New York sent automatic acceptance letters to 125,000 graduating high school students. College enrollment is droppingSonoma State University Courtesy: Sonoma State UniversityStill, fewer students are going to college. More high schoolers want career trainingMost Americans still agree a college education is worthwhile when it comes to career goals and advancement. High schoolers are putting more emphasis on career training and post-college employment, the nonprofit found after polling more than 5,000 high school students six times since February 2020.
Persons: Ed Mills, Mills, Robert Franek, Franek, Lakhani, Doug Shapiro, Cole Clark, Connie Livingston Organizations: Sonoma, Sonoma State University, California State University, Finance, Princeton, Virginia Commonwealth University, State University of New York, Sonoma State University Still, Nationwide, CNBC, National Center for Education Statistics, Student Clearinghouse Research, College Board, Public, USA, ECMC Group, Junior Achievement, Citizens, Brown University Locations: , California, Sonoma State, Richmond , Virginia, New York, U.S
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