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☆ Supreme Court ends affirmative action in college admissions
▼ + stars: | 2023-06-29 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

The Supreme Court ruled Thursday that affirmative action in college admissions was unconstitutional. Earlier Supreme Court cases have upheld affirmative action — the practice of giving additional weight to applicants who belong to groups that have historically been the subject of discrimination — for four decades. Ever since former President Donald Trump cemented a 6-3 conservative majority on the Supreme Court, legal experts have expected the Supreme Court to do away with affirmative action altogether. Students for Fair Admissions brought two lawsuits that ended up before the Supreme Court last fall, against Harvard University and the University of North Carolina, alleging they discriminated against white and Asian-American students. Every US college and university the justices attended, save one, urged the court to preserve race-conscious admissions.

Persons: —, Robert Blum, Donald Trump, Justice Thomas Roberts, Roberts, Ketanji Brown Jackson, Sonia Sotomayer, Kevin M, Jackson, Elena Kagan, Neil Gorsuch, Kagan, Amy Coney Organizations: Harvard University, University of North, Service, Fair, Ivy League, Pacific, Associated Press, NORC, for Public Affairs Research, Pew Research Center, Harvard, — Yale, Notre Dame, Rhodes College Locations: University of North Carolina, Carolina, North Carolina, States, America, American, Pacific Islander, California , Michigan, Washington, Arizona , Florida, Georgia , Nebraska , New Hampshire, Oklahoma, California, U.S, Princeton, Columbia, Memphis , Tennessee

☆ Harvard says it will comply with US Supreme Court ruling, preserve its values
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, June 29 (Reuters) - Harvard University said on Thursday it will comply with the U.S. Supreme Court ruling that struck down its race-conscious student admissions programs in a way that will preserve its values on diversity and opportunity in higher education. "We will certainly comply with the Court’s decision," the prestigious university said in a statement. "In the weeks and months ahead, drawing on the talent and expertise of our Harvard community, we will determine how to preserve, consistent with the Court’s new precedent, our essential values." The Supreme Court ruling involving Harvard and the University of North Carolina was a sharp setback to affirmative action policies often used to increase the number of Black, Hispanic and other underrepresented minority groups on campuses. The 386-year-old Ivy League school's top administrators issued a letter to the Harvard community that was essentially a reprimand to the high court.

Persons: Caitlin Webber, Doina, Kanishka Singh, Jonathan Oatis Organizations: Harvard University, U.S, Supreme, Harvard, University of North, Ivy League school's, Thomson Locations: University of North Carolina

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

☆ How Goldman Sachs failed at consumer banking
▼ + stars: | 2023-06-26 | by ( Jeff Morganteen | Hugh Son | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Goldman Sachs failed at consumer bankingSaying the name out loud conjures images of Ivy League-educated investment bankers in tailored suits managing money for the wealthiest of the wealthy. Advising the wealthiest of the wealthy. Navigating the corridors of power across the world's financial capitals — New York, London, Singapore. So, why did Goldman Sachs — the 150-year-old investment bank — try to get into checking accounts and credit cards? And, what's more, how did Goldman Sachs' fail at that?

Persons: Goldman Sachs Organizations: Ivy League Locations: New York, London, Singapore

☆ How It Feels to Have Your Life Changed By Affirmative Action
▼ + stars: | 2023-06-21 | by ( Amy Harmon | ) www.nytimes.com time to read: +1 min

So when his guidance counselor summoned him because “someone from Brown is coming,” Mr. Hale recalls, the Ivy League school did not register. “Brown?” Mr. Hale remembered thinking. Mr. Hale, who ended up accepting a full academic scholarship to Wesleyan University in Connecticut, could not have known then that he would be part of the first large cohort of high-school graduates to be shaped by race-conscious admissions. Or that the practice would become a lightning rod for decades-long debates about racial justice, meritocracy and educational inequities. Brown University was not the only college that fall to recruit for the first time from schools with high concentrations of Black students.

Persons: Granderson Hale, Cheney, Brown, ” Mr, Hale, “ Brown, Mr, Charlie Brown Organizations: Philadelphia, Black, Howard University, Ivy League, Wesleyan University, Brown University Locations: Lincoln, Connecticut

Juneteenth became an official federal holiday two years ago, but it was an unofficial holiday for many Black people before then. We should say, "We are a nation of Indigenous peoples, enslaved peoples, and immigrants." Since President Biden signed the Juneteenth National Independence Day Act into law two years ago, Juneteenth is now a federally recognized holiday. Some schools, such as Georgetown, have gone further than acknowledgement by renaming buildings that glorify slave owners and offering full scholarships to descendants of enslaved peoples. The Juneteenth National Independence Day Act is but another step towards inclusion of all peoples who made America: "We are a nation of Native peoples, enslaved peoples, and immigrants."

Persons: Juneteenth, —, Lincoln, Biden, Charles, Willa Bruce, Klansmen, Gavin Newsom, Bruce Organizations: Service, Union, Texans, Plymouth Rock, Civil, Evanston, Colleges, Ivy League, Brown, Princeton, Harvard Locations: United States, Indigenous, Texas, Plymouth, America, Manhattan, California, Evanston In Evanston , Illinois, Christian, Evanston, Amherst , Massachusetts, Amherst, Columbia, Georgetown

☆ How Daniel Ellsberg, who died at 92, went from being a disillusioned member of the government-military elite to a hero of anti-war movements
▼ + stars: | 2023-06-17 | by ( Associated Press | ) www.businessinsider.com time to read: +16 min

Daniel Ellsberg, the whistleblower behind the Pentagon Papers, died at 92, his family said Friday. David Halberstam, the late author and Vietnam War correspondent who had known Ellsberg since both were posted overseas, would describe him as no ordinary convert. "Without Nixon's obsession with me, he would have stayed in office," Ellsberg told The Associated Press in 1999. Ellsberg's story was depicted in the 2009 documentary "The Most Dangerous Man in America: Daniel Ellsberg and the Pentagon Papers." He and Marx wedded in 1970, the year before the Pentagon Papers were made public.

Persons: Daniel Ellsberg, Ellsberg, —, — Daniel Ellsberg, Richard Nixon, Julia Pacetti, Dan, Robert S, McNamara, Lyndon Johnson's, John F, Kennedy, David Halberstam, Johnson, Neil Sheehan, Henry Kissinger, Hannah Arendt, Nixon, Nixon fumed, H.R, Haldeman, Matthew Byrne, Gordon Liddy, Howard Hunt, Byrne, Daniel, Harry Truman, nodded, Ellsberg's, Rand, Anthony J, Russo, Robert, Kissinger, Sen, William J, Fulbright, George McGovern of, Marcus Raskin, Ralph Stavins, Sheehan, Raskin, Stavins, didn't, spry, George W, Bush, Obama, Julian Assange, Chelsea Manning, Edward Snowden, Snowden, Patricia Marx, Marx Organizations: Pentagon, Service, Supreme, Defense, Harvard, Democratic, Republican, The New York Times, Washington Post, The Associated Press, National Security, United, U.S, White, Democratic Party's, Washington , D.C, Associated Press, Coast, Rand Corp, Christian Science, Soviet Union overseas, Harvard University, Marines, Ivy League, Defense Department, State Department, Rand, Xerox, Arkansas, Foreign Relations Committee, Institute for Policy, Times, ., Army, New York Times, Massachusetts Institute, Technology's Center for International Studies Locations: Boston, Los Angeles, Vietnam, Indochina, U.S, France's, America, United States, Beverly Hills , California, Washington ,, Saigon, Santa Monica, Chicago, Detroit, Pearl, London, Germany, Japan, Santa Monica , California, George McGovern of South Dakota, Iraq, Afghanistan, Russia

☆ Why I've stopped telling myself to 'be more ambitious'
▼ + stars: | 2023-06-11 | by ( Josée Rose | ) www.businessinsider.com time to read: +4 min

As a woman, and a woman of color, I've grappled with the definition of ambition. As a woman, and a woman of color, I've grappled with the definition of ambition. Stauffer's article points out that people have probably heard that they're either too ambitious, or not ambitious enough — or maybe they've heard both! Of course, one's idea of ambition (and how ambitious to be) can be shaped by our gender, race, and class. But if you went to an Ivy League school, or work more than 50 hours a week, own a home, or make $200,000 a year, does that mean you're ambitious?

Persons: I'm, —, Rainseford Stauffer, I've, isn't, Stauffer, Alexandra York, we're, let's Organizations: Service, Guardian, Ivy League, Glamour Magazine Locations: Maryland

☆ Here are tax-savvy ways to donate money, according to a charitable giving expert
▼ + stars: | 2023-06-07 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

LAS VEGAS — Tax savings aren't typically the main reason for philanthropy. But if you're planning to donate money, certain charitable giving strategies provide a bigger tax benefit. Roughly 33% of taxpayers itemized deductions in 2017, compared with fewer than 10% in 2021, said Hoyt, speaking at the American Institute of Certified Public Accountants' annual conference in Las Vegas on Tuesday. Given these constraints, investors can maximize tax breaks by "bunching gifts," Hoyt said. "Concentrate your gifts in one year, as opposed to spreading them over several."

Persons: there's, Christopher Hoyt, Hoyt, Ivy League acceptances Organizations: VEGAS, University of Missouri, American Institute of Certified Public Accountants, Finance, Ivy League Locations: Kansas City, Las Vegas

☆ DeSantis delays reporting his personal finances, keeping mystery alive for a little longer over how much he made from his bestselling book
▼ + stars: | 2023-06-06 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +6 min

His previous documents showed his net worth was just $319,000, and that he still had student loans. Ron DeSantis may have greatly increased his net worth in the last year. Those documents showed the governor, now 44, had a net worth of just $318,986.99, didn't own property, and carried $21,284.92 in student loans. Also, if DeSantis didn't receive his book advance until 2023, then the Florida documents may not contain it but the federal documents would have to. Forbes estimates Trump's net worth at $3 billion, though Trump himself has pegged the figure at $10 billion.

Persons: DeSantis, —, Ron DeSantis, Hillary Clinton, Charlie Spies, Casey DeSantis, DeSantis didn't, Donald Trump's, Trump, GOP Sen, Tim Scott of, Sen, Elizabeth Warren of Organizations: Service, Gov, Republican, Federal, Commission, HarperCollins Publishing, Rupert Murdoch's News Corp, US, Government, Florida, GOP, Trump, Trump Organization, Forbes, New York Times, Ivy League, Navy, Associated Press, Politico, Democratic Locations: Florida, Florida's, Beach , Florida, Tim Scott of South Carolina, Elizabeth Warren of Massachusetts

☆ These lesser-known tax tips may help college-bound families
▼ + stars: | 2023-06-06 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

LAS VEGAS — College is a major expense for many families, but a payment strategy can provide significant tax savings, according to a college funding expert. "Distribution planning is not just for retirement," said certified financial planner Ross Riskin, chief learning officer for the Investments & Wealth Institute. Families also need a plan when tapping assets to pay for college, he said. Education funding can be complicated, especially when you're juggling eligibility for college tax credits, Riskin said at the American Institute of Certified Public Accountants' annual conference in Las Vegas on Monday. However, you can't "double dip" tax breaks by claiming one of these credits and withdrawing money from a 529 college savings plan for the same expense.

Persons: Ross Riskin, Riskin Organizations: VEGAS —, Investments & Wealth Institute, Families, American Institute of Certified Public Accountants, Finance, Ivy League Locations: Las Vegas

☆ Ivy League professor of ultra-popular 'monk class': These 3 changes can make you more resilient than most
▼ + stars: | 2023-06-05 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

To pass Justin McDaniel's "monk class," University of Pennsylvania students must ditch their phones — and voices — for 30 days. The class's stringent rules, modeled after actual monk practices, aren't meant to socially isolate the students. "We exercise to build muscle and endurance, but we don't practice emotions," McDaniel, a humanities professor who practiced as a monk for nearly a year at age 21, tells CNBC Make It. The monk class is supposed to be like "shock therapy," a crash course to jolt students into mindfulness: Spending a month with fewer distractions helps students become more aware of their physical surroundings and emotions, he says. In the class, McDaniel teaches that doing one thing at a time is the best way to stay present.

Persons: Justin McDaniel's, —, McDaniel, epiphanies Organizations: University of Pennsylvania, CNBC, Twitter, of Bath, Social Networking, Netflix, Stanford University

☆ Erdogan considering Erkan as Turkey cenbank chief, sources say
▼ + stars: | 2023-06-05 | by ( Orhan Coskun | ) www.reuters.com time to read: +4 min

Erkan met with Mehmet Simsek, Turkey's newly-appointed treasury and finance minister, in Ankara on Monday, one of the sources said. The two sources told Reuters she is set to meet Erdogan soon to discuss the possible role. Turkey's policy rate was cut to 8.5% from 19% in 2021, setting off a historic currency crash in late 2021. Erkan would be the country's fifth central bank chief in four years. The central bank has been the linchpin of Erdogan's programme of monetary stimulus and targeted credit to boost economic growth, exports and investments.

Persons: Erdogan, Tayyip Erdogan, Hafize Gaye Erkan, Erkan, Mehmet Simsek, Sahap Kavcioglu, Goldman Sachs, Simsek, Kathryn Wylde, Wylde, Naci Agbal, Marsh, Jonathan Spicer, Daren Butler, Angus MacSwan, Emelia Organizations: Reuters, First Republic Bank, Treasury, Ivy League, Princeton, New, First, JPMorgan, Greystone, Thomson Locations: Turkey, ANKARA, United States, Ankara, New York City, U.S

☆ Ivy League acceptance rates 'may have bottomed out,' expert says — here's what that means for getting into schools like Harvard
▼ + stars: | 2023-06-05 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

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

☆ Getting into an Ivy League school is all about 'measurable accomplishments,' says a college advisor who charges $150,000
▼ + stars: | 2023-06-03 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

Ivy Link founder Adam Nguyen helps the well-off get their kids into top US colleges. He charges parents at least $150,000 to help get their children into Ivy League schools. "You're getting access to talented people who normally would be servicing Fortune 500 companies or doing private-equity deals, but now they're thinking about your child," Nguyen said. 'Measurable accomplishments'Nguyen has been working with Ivy Link since 2008, meaning he has worked with both millennial and Gen Z students. In that time, he said he'd built up a clear strategy to help students.

Persons: Ivy, Adam Nguyen, Nguyen, —, Ivy Link, Adam Nguyen Ivy Link's, he'd, they're Organizations: Ivy League, Service, Fortune, Ivy Link, Stanford, Cornell Locations: Columbia

☆ Opinion | Let’s Smash the College Admissions Process
▼ + stars: | 2023-06-01 | by ( David Brooks | ) www.nytimes.com time to read: +1 min

Within days or weeks, the Supreme Court is going to render a decision on the future of affirmative action in higher ed. If things go as expected, conservatives will be cheering as these policies are struck down — and progressives will be wailing. But maybe we can all take this moment to reimagine the college admissions process itself, which has morphed into one of the truly destructive institutions in American society. The modern college admissions era was launched over half a century ago with the best of intentions — to turn finishing schools for the Protestant establishment into talent factories for all comers. In that same year, students from the top income quintile were 16 times more numerous at the University of North Carolina, a state school, than students from the bottom quintile.

Persons: —, Raj Chetty Organizations: Ivy League, University of North Locations: University of North Carolina

☆ A day in the life of a millennial freelancer who says the UK's corporate drinking culture pushed her to work for herself and prioritize work-life balance
▼ + stars: | 2023-05-31 | by ( Alexandra York | ) www.businessinsider.com time to read: +2 min

Her first experience with an office job gave her the impression that British work culture wasn't for her. Here's how she navigates British work life and personal development as a freelancer. Loading Something is loading. But with her first internship, she began to realize her impression of British work culture wasn't for her. Here's a day in her life as a millennial living in London:

Persons: Leonie Annor, wasn't, —, Owiredu, she'd, Here's Organizations: Service, Russell Group, Ivy League, — Locations: London, England

☆ Move over McKinsey: This Gen Z founder is offering fellow grads an alternative to delayed start dates at consulting firms
▼ + stars: | 2023-05-16 | by ( Alexandra York | ) www.businessinsider.com time to read: +6 min

He's attracting fellow 2023 graduates whose start dates were delayed at major consulting firms. These delays mean recent grads won't be pulling in big salaries from the major consulting firms — at least not right away. InstagramForced to rethink their futuresMany business students follow a traditional path from the Ivy League to top investment-banking or consulting firms. One, who has an offer to start at McKinsey in February, told Ou he is considering going to law school instead. By assisting gig workers, Ou expects Talentifyr's workers will see a direct and positive impact from their work.

☆ Opinion | SATs and Measuring Merit in College Admissions
▼ + stars: | 2023-05-13 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “Can College Meritocracy Survive?,” by Ross Douthat (column, April 30):Good riddance to the SAT. It is a simplistic yardstick of performance — and tests a certain type of intelligence, whereas there are many. Though even as the SAT fades in importance, we must recognize that its diminishment alone does not render the college admissions process fair — in fact, it is obscene in its bias. By and large, those whose parents had legacy status, connections and/or gave large donations received acceptance letters from Ivy League schools. Those who lacked these resources — acquired by birth and not merit — were left to pick up the scraps thrown from the table.

☆ Ivy League expert: Brainstorming doesn't work—here's a better way to find new ideas
▼ + stars: | 2023-05-12 | by ( Ashton Jackson | ) www.cnbc.com time to read: 1 min

Brainstorming is a popular way of coming up with new ideas. Just because it's well-known, however, doesn't mean it's the most effective, according to a Columbia professor. After becoming an educator herself, though, Iyengar realized that brainstorming "doesn't deliver." You're better off coming up with ideas solo, she says. "I began to see up close that brainstorming wasn't working," Iyengar says.

☆ What you need to know if you want a job at an elite firm like Point72, Citadel, or Millennium
▼ + stars: | 2023-05-10 | by ( ) www.businessinsider.com time to read: +3 min

The biggest hedge funds are battling it out to attract and retain top talent and outperform peers. Insider has talked to a number of hedge funds to get a peek into their recruiting strategies. Shaw, and Bridgewater are in constant competition for the best and brightest to help them gain an edge in the cutthroat investment industry. Internships and fellowshipsThe opaque and secretive world of hedge funds might not necessarily be an obvious choice for many college graduates. Investment training programsTypically, hedge funds acquired their investment talent after a few years of working at an investment bank.

☆ You're right to be scared of A.I., says Ivy League expert and White House advisor—these 5 guardrails can protect 'against harm'
▼ + stars: | 2023-05-06 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

On Monday, researcher Geoffrey Hinton, known as "The Godfather of AI," said he'd left his post at Google, citing concerns over potential threats from AI development. Google CEO Sundar Pichai talked last month about AI's "black box" problem, where even its developers don't always understand how the technology actually works. Among the other concerns: AI systems, left unchecked, can spread disinformation, allow companies to hoard users personal data without their knowledge, exhibit discriminatory bias or cede countless human jobs to machines. In the "Blueprint for an AI Bill of Rights," Venkatasubramanian helped lay out proposals for "ethical guardrails" that could safely govern and regulate the AI industry. With them in place, most people would barely notice the difference while using AI systems, he says.

☆ The most effective—but unpopular—way to raise happy kids, says Ivy League child psychologist
▼ + stars: | 2023-05-04 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

The key to raising a happy child is to allow them to be unhappy. It might sound counter-intuitive, but it's highly effective, says Tovah Klein, a child psychologist and author of the book "How Toddlers Thrive." "We all think the way to raise our children to be happy is to make them happy. When a child is upset, parents often instinctively look to cheer them up or distract them. You could ask an upset child to take a deep breath and attempt to put their feelings into words, experts say.

☆ 6 Podcasts for the Fashion-Conscious, and Curious
▼ + stars: | 2023-04-26 | by ( Emma Dibdin | ) www.nytimes.com time to read: +4 min

Last year, the show debuted its first mini-series, “American Ivy,” on the perennial popularity of the preppy look. Starter episode: “Pockets”Begun in 2014, this weekly fashion podcast offers a rare blend of down-to-earth comedy and sartorial commentary. Starter episode: “Fashion Inferno”The Business of Fashion, which started life as a Typepad blog in 2007, has grown into a resource for news and analysis within the fashion industry. Its accompanying podcast has found similar success, with Imran Amed, its chief executive and founder, delivering coverage geared toward fashion creatives and executives. In May 2021 came the brand’s first podcast, offering trend analysis, runway coverage and interviews with designers, stylists and celebrities.

CNN —Harry Belafonte, the dashing singer, actor and activist who became an indispensable supporter of the civil rights movement, has died, his publicist Ken Sunshine told CNN. Bettmann Archive/Getty Images Belafonte, left, plays a school principal in a scene from the film "See How They Run" in 1952. Bettmann Archive/Getty Images Belafonte poses with the Emmy Award he won in 1960 for the musical special "Tonight With Belafonte." Fred Sabine/NBCU/Getty Images Belafonte and other recipients of Albert Einstein Commemorative Awards display their medallions after being honored in 1972. He is survived by his wife Pamela, his children Adrienne Belafonte Biesemeyer, Shari Belafonte, Gina Belafonte, David Belafonte, two stepchildren Sarah Frank and Lindsey Frank and eight grandchildren.

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