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Gatot Adriansyah | Istock | Getty ImagesThe share of federal education debt going to graduate students is at its highest point in history, a new report by the U.S. Department of Education finds. Alarmingly, as graduate school borrowing increases, wages for those with an advanced degree haven't risen nearly as much. "A closer look at borrowing trends and the outcomes of graduate programs … suggest cause for concern," department economists wrote. In 2006, the Education Department introduced the Grad PLUS loan program, which lets graduate students borrow as much as it costs to attend their program. On average, graduate students with debt in 2016 borrowed about $66,000 in total to finance their advanced degree, up from roughly $53,000 in 2000.
Persons: Gatot, haven't Organizations: Istock, U.S . Department of Education, Education Department, Grad PLUS
This change in location brought about a change in how I viewed homeownership from "necessary" to "not right now." Before purchasing a home, ask yourself if you are ready and can handle the ups and down of homeownership. At the time, I was living in Washington, D.C. and there, the focus was definitely on buying a home. Moving into an apartment in New York where I don't have to lift a finger has changed my perspective on that part of owning a home. I feel better prepared for next time and when I do buy again — and I will — I know I'll be ready.
Persons: I'd, Will homeownership Organizations: Service Locations: New York, Wall, Silicon, Washington ,, Charleston, New York City
Ukrainian troops are using a Soviet-era rocket launcher, the BM-21 Grad, to hit Putin's forces. The BM-21 Grad, which was first developed in 1963, is one of many Soviet weapons that make up two-thirds of Ukraine's artillery arsenal, the outlet said. He said although it often breaks down, the BM-21 Grad can fire many rockets over a short period, per the outlet. Operators within the 60th brigade told the Journal that they had few Western-donated weapons, and would like a HIMARS. At the start of the war, Ukraine held 260 BM-21 Grads, compared with Russia's 500, according to Janes, via the outlet.
Persons: Sunsil Nair, Diego Herrera Carcedo, Volodymyr Sukhilov, Janes Organizations: Street Journal, Service, Russia, Wall Street Journal, BMI, Janes, Rights Watch, Anadolu Agency, Getty, Brigade Locations: Ukrainian, Wall, Silicon, Ukraine, Donetsk Oblast, Russian
That includes 800 pieces of artillery, tanks, and other vehicles, Deutsche Welle reports. "Russia is competing with Western countries to supply weapons to Ukraine," Col. Oleksandr Saruba told Deutsche Welle. Ukraine has been making use of captured weapons and armor since the outset of the war — in March 2022 it announced that it had captured 24 Uragan missiles and had aimed them back at the enemy. Despite the constant work of Ukrainian repair shops, some captured vehicles use modern parts that aren't manufactured in Ukraine, which still relies heavily on Soviet-era tanks. This has caused the loss of a sizable chunk of the Western-supplied vehicles Ukraine has deployed, leading to a shift in tactics, multiple reports say.
Persons: Col, Oleksandr Saruba, Saluba, Deutsche Welle, Michael Kofman, Kofman, Valery Zaluzhny Organizations: Deutsche Welle, Service, Grad, Deutsche, Russia, Carnegie Endowment, Washington Post Locations: Ukraine, Wall, Silicon, Russia, Ukrainian, Russian, Ukraine's
Each line in my spreadsheet felt like progress toward a promising and exciting future. I still didn't have a job lined up. These were jobs I'd applied to months prior, and I hadn't heard anything since getting an automated "we have received your application" message. Graduating college without a job lined up was one of the hardest things I'd ever done. I graduated from a selective college where many of my friends had jobs lined up before we even started our senior year.
Persons: I'd Organizations: University of Chicago, Service Locations: Wall, Silicon
She's long grappled with her two loves, acting and astronomy, spending 11 years acting before getting her Ph. Shields said her acting experience helped her break free of the stereotypes she faced as a woman of color in science. D. program in astrophysics. D. program. D. program.
Persons: Aomawa Shields, Shields, astrobiologist, Kelly McGillis, Charlotte Blackwood, I'd, didn't, I've, Spitzer, Organizations: Service, UC Irvine, Blue Angels, Miramar Air Force Base, Diego's La Jolla Playhouse, MIT, Lowell Observatory, Madison, PBS, University of Washington Locations: America, Wall, Silicon, San Diego, Shields, Miramar, Diego's, . Wisconsin, Los Angeles, grad
Undergraduate enrollment in petroleum engineering is down 75% since 2014, WSJ reported. That's despite the fact that the average petroleum engineering grad makes 40% more than a computer science grad. Heinze told the Journal of Petroleum Technology that over 90% of petroleum-engineering students at Texas Tech have jobs right after graduation. But when it came to picking which career paths were most attractive, the Gen Zers surveyed ranked finance as the most promising industry regarding career prospects. Education was ranked the second-most popular industry when it came to career prospects, and STEM, which includes engineering, was ranked fifth.
Persons: That's, Lloyd, Young, Heinze, Zers Organizations: Morning, Petroleum, Street Journal, Texas Tech University, University of Oklahoma's, Louisiana State University and Colorado School of Mines, Department of Education, US Bureau of Labor Statistics, Colorado School of Mines, Journal of Petroleum Technology, of Petroleum Technology, Texas Tech, CFA Institute, Education
Charlene Lee is a former product manager at Google who wishes she had a guide prior to starting her first job. Today, I'd like to share some of the lessons I wish I had learned before starting my career, lessons that I now teach my team. It's your job to find a good managerOne of my best managers, Paul, spent a lot of time with me early in my career. Things changed when the next box, like writing a book, started conflicting with things that weren't on the list. The start of your career is the beginning of your journey, and I hope that this guide helps you with yours.
Persons: Charlene Lee, she's, Lee, Google's, I'd, would've, Paul, wasn't, I've, didn't, Paul didn't, It's, Jon, Jon wasn't, wouldn't, , hadn't, Carissa wasn't, Marty, Dan Gilbert, Inbal, Ralph Waldo Emerson Organizations: Google, Jon's, AngelList, Duke University Locations: Asia, New York, China, Singapore, Shanghai,
Google has removed a controversial tool known as "support check-ins." They were a way to warn employees who were at risk of being labeled as low performers. The decision to kill support check-ins has split opinion among staff. Google has ended a practice that alerted employees when they were at risk of being labeled a low performer, Insider has learned. Prior to the GRAD system, and to the layoffs Google has conducted this year, Google was known as a company that rarely put employees on PIPs.
Persons: Fiona Cicconi, SCIs didn't, SCIs, we've Organizations: Google, GRAD, SCI, Employees
John Rogers' 40-year career at Ariel Investments is one marked by steady and stable performance, fueled by an eye for bargains in times of turmoil. The Ariel Fund that Rogers has managed since its inception in 1986 has racked up returns of almost 11% a year, according to Morningstar. Ariel managed $16.2 billion at the end of 2022. The Princeton grad is a value investor, who follows Warren Buffett's style of investing. He believes that value investing is making a comeback after growth stocks enjoyed a dominant decade during the last bull market.
Persons: John Rogers, Rogers, Morningstar, Ariel, Mellody Hobson, Warren Organizations: Ariel Investments, Ariel, Princeton, Garden Entertainment, Boyd Gaming Corp, Federal Reserve Locations: Chicago, Caribbean, Madison
Bill Nygren at Oakmark Funds is one of the top value-focused fund managers on Wall Street today with a long-term track record of success. The University of Wisconsin and University of Minnesota grad has managed the Oakmark Select Fund since 1996 and the Oakmark Fund since 2000. The $18 billion Oakmark Fund touts a similar track record, returning an annualized 12.2% over the last 15 years and 12.7% since 1991. The Oakmark Fund's five largest positions account for only 15% of assets, and its largest, Google-parent Alphabet , takes up less than 4%. Nygren holds just 50-60 positions in the Oakmark Fund, so that each of his high-conviction bets has a greater impact on the fund's performance.
Persons: Bill Nygren, Morningstar, It's, Nygren, Charles Schwab Organizations: University of Wisconsin, University of Minnesota, Oakmark Fund, Google, Oakmark, Capital, Bank of America Locations: Charlotte, Wells Fargo
The Department of Education on Monday released a beta form application for the new Saving on a Valuable Education repayment plan for federal student loan borrowers. The new income-driven repayment plan replaces the Revised Pay as You Earn plan and aims to give borrowers the most affordable monthly payment. Like REPAYE, the SAVE plan caps monthly payments at a percentage of your discretionary income, currently 10%. If you have federal direct unsubsidized or subsidized, consolidated, or grad PLUS loans you can apply to enroll in the SAVE plan now on the Federal Student Aid website. If you were already enrolled in the REPAYE plan, you will automatically be transferred into the SAVE plan.
Organizations: of Education, Monday, Federal, Aid
Starboard Value's Jeffrey Smith has been one of the busiest activist investors over the last two decades, best known for his proxy fights in the restaurant space. Darden shares saw a nearly 60% jump under Smith's activism, from October 2014 to April 2016. After Darden, Smith sought a turnaround at pizza chain Papa Johns , taking a $200 million stake in the company and becoming chairman in 2019. Smith took an activist stake in software company Salesforce last year. The Starboard CEO was even active during the Covid pandemic, calling for changes at Humana, Kohl's, Mercury Systems and other companies.
Persons: Jeffrey Smith, Smith, Darden, Papa, John Schnatter Organizations: Olive, Darden, Wharton grad, Mercury Systems Locations: New York
What Does It Mean to Be a Witness?
  + stars: | 2023-07-31 | by ( Mateo Askaripour | ) www.nytimes.com   time to read: +2 min
WITNESS: Stories, by Jamel BrinkleyThe National Book Award finalist Jamel Brinkley’s sophomore story collection, “Witness,” opens with an epigraph from James Baldwin, describing how thin the line is between a witness and an actor: “Nevertheless,” Baldwin concludes, “the line is real.” But is it? Over the course of 10 splendidly thought-provoking stories — set in Brooklyn and featuring animal rescue volunteers, florists, ghosts, UPS workers and a host of other characters — Brinkley shatters Baldwin’s thesis, masterfully demonstrating that witness and actor are one and the same. The act of witnessing is often rooted in physical sight, so an emphasis on what the eye perceives only makes sense. Throughout the collection, characters see and are seen, experiencing a kaleidoscopic range of emotions in response to being observed. “I can see your true nature now,” a woman tells her brother in “Witness,” a particularly heart-shattering story about a jobless grad student living in a cramped apartment with his ill sister and her new husband.
Persons: Jamel Brinkley, Jamel, , James Baldwin, , ” Baldwin, — Brinkley, Brinkley Locations: Brooklyn
Baupost Group's Seth Klarman, nicknamed "the Oracle of Boston," is revered in value investing circles for his disciplined investment philosophy, maybe because his style has stood the test of time. The billionaire hedge fund manager has been an almost religious follower of Benjamin Graham's investing style, buying out-of-favor and undervalued assets to ensure a margin of safety. Klarman has drawn comparisons to Warren Buffett — Buffett being a student of Graham's at Columbia University — for his patient, disciplined investment style. The 66-year-old Harvard and Cornell grad published his investment book, "Margin of Safety," in 1991. The hedge fund manager posted a mid-single digit decline last year, beating the S & P 500 which fell nearly 20%, the Financial Times reported.
Persons: Baupost, Seth Klarman, Benjamin Graham's, Klarman, Warren Buffett — Buffett, Columbia University —, Benjamin Graham, David Dodd, Klarman hasn't Organizations: Oracle, Boston, Columbia University, Harvard, Cornell grad, CNBC, Financial Times Locations: Baupost
Greenlight Capital's David Einhorn, a value-oriented hedge fund manager, found success pivoting to short selling and buying companies with big buyback programs. At the end of that bull market, Einhorn said the majority of surviving value investors ceased to consider valuation as a determining factor in their investment process. That "was an exceptionally good year," Einhorn said in his 2022 investor letter. The 54-year-old Einhorn also pivoted to buying companies with sizable buyback programs in place, instead of purchasing cheap stocks that have been struggling to close the valuation gap. Atlas Air Worldwide and Green Brick Partners were some of the stocks Einhorn held whose boards had authorized big repurchases.
Persons: Greenlight Capital's David Einhorn, Einhorn, shorting, Cathie Wood, Greenlight Organizations: Cornell, Greenlight Capital, Wall, Atlas Air, Green Brick Partners, Apollo Global, Green
July 29 (Reuters) - Ukrainian soldiers were observed using North Korean rockets that they said were seized by a "friendly" country before being delivered to Ukraine, the Financial Times reported on Saturday. Ukraine's defence ministry suggested the arms were captured from the Russians, the newspaper said. The United States has accused North Korea of providing arms to Russia, including alleged shipments by sea, but has not offered proof and North Korean weapons have not been widely observed on the battlefields in Ukraine. North Korea and Russia deny conducting arms transactions. The North Korean weapons were shown by Ukrainian troops operating Soviet-era Grad multiple-launch rocket systems near the destroyed eastern city of Bakhmut, site of lengthy brutal fighting, the report said.
Persons: Sergei Shoigu, Shoigu, Kim Jong, Josh Smith, Soo, hyang Choi, William Mallard Organizations: Financial Times, United, Russia's, Korean, Thomson Locations: Ukraine, United States, North Korea, Russia, Bakhmut, Pyongyang, Soviet Union
Ukraine uses North Korean rockets to blast Russian forces -FT
  + stars: | 2023-07-29 | by ( ) www.reuters.com   time to read: +1 min
July 29 (Reuters) - Ukrainian soldiers were observed using North Korean rockets that they said were seized by a "friendly" country before being delivered to Ukraine, the Financial Times reported on Saturday. The United States has accused North Korea of providing arms to Russia, including alleged shipments by sea, but has not offered proof and North Korean weapons have not been widely observed on the battlefields in Ukraine. North Korea and Russia deny conducting arms transactions. The North Korean weapons were shown by Ukrainian troops operating Soviet-era Grad multiple-launch rocket systems near the destroyed eastern city of Bakhmut, site of lengthy brutal fighting, the report said. During the visit, Shoigu was photographed viewing banned North Korean ballistic missiles with leader Kim Jong Un at a military expo in Pyongyang, signalling deeper ties between the two countries as they each face off with the United States.
Persons: Sergei Shoigu, Shoigu, Kim Jong, Josh Smith, Soo, hyang Choi, William Mallard Organizations: Financial Times, United, Russia's, Korean, Thomson Locations: Ukraine, United States, North Korea, Russia, Bakhmut, Pyongyang, Soviet Union
It has been a hundred years since D.H. Lawrence published “Studies in Classic American Literature,” and in the annals of literary criticism the book may still claim the widest discrepancy between title and content. Not with respect to subject matter: As advertised, this compact volume consists of essays on canonical American authors of the 18th and 19th centuries — a familiar gathering of dead white men. Some (Nathaniel Hawthorne, Herman Melville, Walt Whitman) are still household names more than a century later, while others (Hector St. John de Crèvecoeur, Richard Henry Dana Jr.) have faded into relative obscurity. My point is that nobody ever read them like Lawrence did — as madly, as wildly or as insightfully. “Studies in Classic American Literature” is as dull a phrase as any committee of professors could devise.
Persons: Lawrence, Nathaniel Hawthorne, Herman Melville, Walt Whitman, Hector St, John de Crèvecoeur, Richard Henry Dana Jr, Melville’s, Moby, Dick, , Farmer ”, Organizations:
What lies beneath Land mines left by Russian forces in Ukraine pose a deadly threat to Kyiv's military - and civilians in liberated territory. On average, anti-vehicle mines caused more incidents with multiple fatalities than anti-personnel mines did. GICHD has documented at least 12 types of anti-personnel mines and nine types of anti-vehicle mines in use in Ukraine. Formerly occupied towns in Kyiv; Sumy, Chernihiv, Mykolaiv and Kharkiv oblasts all saw a large number of mines, especially anti-personnel mines, left in place, Mathewson said. Ukraine is a signatory to the 1997 Convention on the Prohibition of the Use, Stockpiling, Production and Transfer of Anti-Personnel Mines and on their Destruction, and had been destroying its anti-personnel mines when the war began.
Persons: Mark Hiznay, , Adam Komorowski, Tymur Pistriuha, Hiznay, PARM, GICHD, Andro Mathewson, , Komorowsi, Mick Ryan, Mathewson, Nacho Doce, Pistriuha, Komorowski, ” Ryan, Ryan, Jack Watling, Watling, ” Watling, demining Organizations: Russian, Reuters, HALO Trust, Human Rights Watch, Advisory, Geneva International Centre, Humanitarian, Ukrainian Deminers Association, Ukrainian, U.S . Army, Australian Army, REUTERS, HALO, Mines, Royal United Services Institute, United, Surveyors, State Emergency Service, Dnipro River’s Locations: Ukraine, Ukrainian, Russian, Russia, Zaporizhzhia, Donetsk, Eastern Europe, South America, Caribbean, Soviet Union, Afghanistan, Germany, Kharkiv, Zaporizhzhia oblast, Kherson, Iraqi, Kyiv, Sumy, Chernihiv, Mykolaiv, , Vuhledar, United Nations, Nova, Izium
In 2007, while working as a Morgan Stanley analyst, von Tobel started working on a 75-page business plan. A year later, she entered Harvard Business School, assuming she'd need training and connections to launch a successful startup. She credits her detailed business plan, and her conviction that she could tap into an underserved market of people who urgently needed help. Fast forward, I went to Harvard and Harvard Business School, and I remember being taken aback that there was zero education about the wallet and our finances. I was in this extremely cozy, safe cocoon with a clear life plan.
Persons: von Tobel, Morgan Stanley, Von Tobel, Von, hadn't, would've Organizations: CNBC, Harvard Business School, Northwestern Mutual, Harvard, Alexa Locations: New York, America
The fired Russian general had demanded changes after suffering losses in artillery battles with Ukraine that were crucial to holding their defensive lines. According to the US officials, Ukraine has expressed a desire to press south toward the occupied city of Melitopol, near the Sea of Azov. Doing so would allow Kyiv's military to split the territory that Russia currently occupies and threaten its hold on the Crimean peninsula. Ukrainian “Grad” multiple rocket launcher fires standing in a field near Orikhiv on June 27, 2023 in Zaporizhzhia Oblast, Ukraine. A press officer stands on top of a destroyed Russian military vehicle in Novodarivka village, Zaporizhzhia Region, southeastern Ukraine.
Persons: they've, Serhii Mykhalchuk, Volodymyr Zelenskyy, Ivan Popov, Popov, Dmytro Smolienko, Getty Images Popov, Mark Milley, Milley Organizations: Service, Ukrainian, US, NATO, Pentagon, New York Times, Grad, Getty Images, Kyiv, Kyiv's, Staff of, Armed Forces, Staff, Arms Army, Publishing, Times, Joint Chiefs Locations: Ukraine, Wall, Silicon, Zaporizhzhia, Kyiv, Melitopol, Azov, Russia, Ukrainian, Orikhiv, Zaporizhzhia Oblast, Russian, Novodarivka, Zaporizhzhia Region
For a whole lot of people, the latter best describes how they are feeling about Twitter, the live social conversation app. Having overseen — devised, really — the demise of Twitter, Musk has also created a reasonable chance that he could now be in charge of a complete brand blowout, should this daring reboot eventuate in extinction for X. The app formerly known as “Twitter” had almost 370 million users globally in December of last year, after Musk paid (overpaid) $44 billion to buy it. Less than a year later, it is already down to 353 million users, and Statista projects the number will decline to 335 million in 2024. Threads reached 100 million users in five days, which was surely the biggest case in history of rustling wandering strays from the herd.
Persons: Bill Carter, Bill Carter Fred Conrad, it’s, Elon Musk, , Musk, anoint, Molotov, Imran Ahmed, “ Elon Musk, Linda Yaccarino, Twitter ”, can’t Organizations: The New York Times, CNN, HBO, Twitter, Black, Center, San Francisco, SpaceX, Meta, Facebook, SNL, Nike
It’s like there’s no point in asking who started this because it’s a really, really old antagonism. I think that’s probably what’s most critical right now is that all of our entertainment, our news media, it’s all made in cities. And he’s really pretty horrible, and he doesn’t feed them enough, and that’s really sad. You’re going to have a flat tire, and the guy that pulls up to help you is going to tell your dad within minutes. It’s not like most books you’re going to see.
Persons: Ezra Klein, ezra klein, , Hernan Diaz, Barbara Kingsolver, “ David Copperfield ”, Dickens, It’s, barbara kingsolver, you’ve, ezra klein We’re, Nobody, I’d, I’ve, Bobby Ann Mason’s, , — Wendell Berry, Robert Penn Warren, James Still, Harriette, Taylor Greer, you’re, George Washington, ” he’s, — he’s, he’s, I’ll, They’re, George W, Bush, they’re, barbara kingsolver You’re, we’ve, That’s, that’s, I’m, ” barbara kingsolver, barbara kingsolver Oh, barbara kingsolver ezra klein barbara kingsolver, ezra klein Yes, we’re, Charles Dickens, “ David Copperfield, , Tommy, ” It’s, ezra klein There’s, barbara kingsolver There’s, Tommy Traddles, Tommy Waddles, who’s, He’s, We’re, Tommy’s, she’s, it’s, Beth Macy, overdosed, ” ezra klein, There’s, grandkids, they’ve, Dori, doesn’t, Peggot, Frances Goldin, Arwen Donahue, She’s, Beth Macy’s, Lazarus, Laline Paull, ezra klein Barbara Kingsolver Organizations: New York, Fiction, Trump, Nicholas County High School, DePauw University, Walmart, The New York Times, . Times, New York Times, Farmers, , Knoxville —, Purdue Pharma, Purdue, aha, Scots Locations: Appalachia, It’s, Georgia, Tennessee, North Carolina, Virginia, Kentucky, West Virginia, Pennsylvania, U.S, exploitations, Congo, Caribbean, Indiana, Nicholas, Arizona, Europe, Tucson , Arizona, Tucson, Paris, Athens, France, “ Shiloh, MAGA, America, Brazil, Eastern Europe, There’s, California, New York, , Tommy, Pennington, Knoxville, there’s, nove, Lee County, that’s Lee County, that’s, United States of America, who’s, New York City
A new study links anonymous posts on "4chan for economists" to IP addresses at Harvard, Yale, and other top schools. Other snippets of posts with IP addresses at Harvard, Stanford, Yale, University of Chicago, and the National Bureau of Economic Research headquarters include: "Rapefugees Welcome!!!!! Other snippets of posts with IP addresses at Harvard, Stanford, Yale, University of Chicago, and the National Bureau of Economic Research headquarters include: "Rapefugees Welcome!!!!! Notre Dame IP addresses made up 3.4% of posts from a research-institution IP address. According to Ederer, it took just 15 minutes to figure out how to connect usernames with IP addresses.
Persons: Anya Samek, Samek, EJMR, Boston University's Florian Ederer, Yale's Paul Goldsmith, Pinkham, Kyle Jensen, Ederer, Christina Romer, Scott Cunningham, Rob Seamans, Merkel, bubba, Trevon Logan, that's, She's Organizations: Harvard, Yale, North American Economic Science Association Conference, University of Chicago, undergrad, National Bureau of Economic Research, American Economics Association, Baylor, Marvel, Stanford, University of Notre Dame, Columbia, Notre Dame, Ohio State University, UMass Amherst, University of California Locations: Tucson , Arizona, Cambridge , Massachusetts, Ederer, Erdogan's Turkey, troon, Samek, San Diego
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