DIRS.INFO The most relevant business & tech news

☆ Why more and more colleges are closing down across America
▼ + stars: | 2023-06-17 | by ( Devan Burris | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy more and more colleges are closing down across AmericaThe mid-2010′s saw an uptick in U.S. college closures, particularly among private nonprofit schools. This trend has affected tens of thousands of college students across the country. Since 2016, 91 U.S. private colleges have closed, merged with another school, or announced plans to close, according to a CNBC analysis of data from Higher Ed Dive. Almost half of those schools closed after the onset of the Covid pandemic in 2020. For many struggling schools the pandemic was the final straw — but two major themes showed up consistently throughout the closures: finances and enrollment.

Organizations: CNBC Locations: America

☆ South Asian College Students Are Fake Marrying for the Vibes
▼ + stars: | 2023-06-17 | by ( Sakeina Syed | ) www.nytimes.com time to read: +2 min

The wedding drew students from India, Pakistan, Nepal and other South Asian regions, as well as those who are not South Asian. Mock wedding events have existed in various forms for decades. In Canada, a musical group called Betta Boyz hosted a large mock Nigerian wedding at a Calgary banquet hall in July 2022. Bollywood films, reality television shows like “Indian Matchmaking” and magazine spreads featuring “ultrarich weddings” all contribute to wedding-related fervor. “There is this entire media industry around images of glamorous, luxurious, extravagant, highly indulgent weddings,” she said.

Persons: Sumayyah Muhit, ”, Ms, Muhit, Rijuta Mehta Organizations: Bengali, New York Institute of Technology, Lahore University of Management Sciences, Twitter, University of Toronto Locations: India, Pakistan, Nepal, Sylhet, Bangladesh, Asia, Canada, Calgary, South Asia

☆ 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

☆ 21-year-old flies 600 miles a week to avoid paying $3,500-a-month New York rent—here's how much she saves
▼ + stars: | 2023-06-15 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

Since early June, Celentano has commuted by plane once a week to her summer internship at Ogilvy Health in Parsippany, New Jersey, from her parent's house in Charleston, South Carolina. Celentano didn't want to join the legions of summer interns fighting for affordable housing in and around New York City. And her job only requires her to be in the office — about a 45-minute drive from downtown Manhattan — once, sometimes twice, per week. For Celentano, commuting four-plus hours by plane weekly was a much easier pill to swallow than paying New York rent for three months on an intern's salary. "I didn't think twice about it," Celentano, a rising senior at the University of Virginia, tells CNBC Make It.

Persons: Sophia Celentano's, she'll, Celentano, — Organizations: Charleston International Airport, Ogilvy Health, University of Virginia, CNBC, Companies Locations: Parsippany , New Jersey, Charleston , South Carolina, New York City, Manhattan, New York, Charleston

☆ China cuts medium-term lending rate as youth unemployment hits new record high
▼ + stars: | 2023-06-15 | by ( Michelle Toh | ) edition.cnn.com time to read: +2 min

The People’s Bank of China lowered its key policy rate — the medium-term lending rate — from 2.75% to 2.65%. It was the first such rate reduction since last August, and largely expected following a surprise cut by the central bank Tuesday to China’s seven-day reverse repo rate. The trimming of the repo rate — also by 0.1 percentage points to 1.9% — marked its first since August. Urban youth unemployment — already at record levels — hit another new high in May, reaching 20.8%. “They need [economic] growth.”The youth unemployment rate could get even worse when a record 11.6 million college students enter the job market this summer, as estimated by the education ministry earlier this year.

Persons: —, Jamie Dimon, “, ”, Larry Hu Organizations: Hong Kong CNN, People’s Bank of, Urban, JPMorgan, Bloomberg Locations: Hong Kong, China, People’s Bank of China, China’s

The Chase Freedom Rise℠ is a beginner credit card that earns 1.5% cash back on all purchases with no annual fee. How to Apply for the Chase Freedom RiseTo apply for the Chase Freedom Rise℠, you must fill out an application at a physical Chase bank branch. Chase Freedom Rise Benefits and RewardsThe Chase Freedom Rise℠ is similar to the Chase Freedom Flex℠ and Chase Freedom Unlimited® in that it earns rewards in the form of Chase Ultimate Rewards® points, which you can redeem at a rate of 1 cent each for cash back, gift cards, or travel through the Chase Ultimate Rewards Travel Portal. Unlike the other Freedom cards, the Chase Freedom Rise℠ doesn't offer a traditional welcome bonus tied to a spending requirement. That's not a bad deal considering many starter credit cards don't offer a bonus at all, but it's significantly less than what the best cash-back credit cards offer.

Persons: Chase, Read, —, you'll, We're, That's, Cardholders, you've Organizations: Service, Chase, Quicksilver, Chevron, Gas, Business, Chase Credit Locations: autopay

☆ China's temple visits skyrocket amid economic uncertainty
▼ + stars: | 2023-06-09 | by ( Laura He | ) edition.cnn.com time to read: +6 min

Economic uncertainty has driven temple visits and tourism to new heights, according to analysts and travel websites. Temple visits have surged this year more than fourfold from a year ago, according to recent data from Qunar and Trip.com, another travel site. Social media has also fueled the boom in temple tourism, as young people like to share their experiences on social networks, she added. Anhui Jiuhuashan Tourism Development, which runs the Jiuhua Mountain scenic area in central Anhui province, also shattered quarterly sales records. A small temple at Wudang Mountain in China's Hubei province pictured on October 27, 2004.

Persons: Hong Kong CNN —, ”, Qunar.com, Soeren, Yang Yan, Ryan Pyle, supplicants, “ Organizations: Hong Kong CNN, Nanjing Securities, Social, Communist Party, Caitong Securities Locations: Hong Kong, China, Beijing, Qunar, Nanjing, Sichuan, Shan, Anhui Jiuhuashan Tourism, Anhui, Jiangxi province, Wudang, China's Hubei, Hangzhou

☆ Netflix subscriptions rise as password-sharing crackdown takes effect
▼ + stars: | 2023-06-09 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

The Netflix crackdown on password sharing is in its early days in the U.S., but it appears to be having the effect the streamer was looking for – a boost to its subscriber base. In 2022, Netflix began to see subscriber growth stagnate, and, like other media companies, it began homing in on ways to make boost revenue. In addition to cracking down on password sharing, Netflix also introduced a cheaper, ad-supported tier. Netflix began rolling out password-sharing guidance in international markets earlier this year. It had delayed its crackdown on password sharing in the U.S. from the first quarter to the second quarter.

Organizations: Netflix Locations: Krakow, Poland, U.S, lockdowns

CNN —For nearly 13 million high school students across China, Wednesday marks a day that could make or break their plans for college and the increasingly competitive job market beyond. A high score in the two-day “gaokao” college entrance exam is the only way to get into the country’s top universities, and most Chinese students only get one shot at the grueling test, unlike US students who can take the SAT several times. A user on Douyin, China’s version of TikTok, recalled taking the gaokao in 2000 when there were only about 3.75 million other test takers. The urban unemployment rate for 16- to 24-year-olds hit a record high of 20.4% in April, according to data released by the National Bureau of Statistics. And the rate could increase further, as a record 11.6 million college students are set to graduate this year.

Persons: gaokao, ”, TikTok, Fu Linghui, Xi Jinping’s Organizations: CNN, Getty, Authorities, Times, National Bureau of Statistics, NBS Locations: China, Shenyang, honking

☆ Charlie Javice, the founder of student loan assistance company Frank, appears in court over allegations she bought or invented email addresses to claim millions of users
▼ + stars: | 2023-06-06 | by ( ) www.businessinsider.com time to read: +4 min

Javice is accused of inflating the number Frank's users before she sold it to JPMorgan Chase. The charges represented a significant fall for one of the much-lauded young fintech founders. But within a year of selling Frank to JPMorgan Chase, the bank cried foul, claiming that the number of users had been wildly inflated. The complaint alleges that Javice bought names and email addresses from third parties and then represented them as Frank customers. Fergenson explained that Javice had made JPMorgan Chase, "believe that Frank had been an extremely successful start up."

Persons: Charlie Javice, Frank, Javice, JPMorgan Chase, Jarvis, Micah F, Fergenson, octogenarian, Alvin K, Morgan Chase, Judge Hellerstein, Alex Spiro Organizations: JPMorgan, Manhattan, Frank's, Forbes, U.S, Southern, of, Securities and Exchange Commission Locations: of New York

☆ When it comes to your Wall Street internship, revert to the mean
▼ + stars: | 2023-06-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Wall Street's summer internship is officially here as investment banks open up their doors to eager college students. The 10-week internship program represents a critical juncture for aspiring Wall Streeters. Lucky for you, Insider's Emmalyse Brownstein has a foolproof guide for how to navigate your Wall Street internship, mapping out the key dos and don'ts. Read more about everything you should, and shouldn't, do during your Wall Street internship. One to watch at Goldman Sachs.

Persons: Dan DeFrancesco, Lydia Warren, we've, Goldman Sachs, Let's, Wall, Brownstein, Banks, Read, Brad Pitt's, He's, you've, Leo Bogdanov, KKR's, Nishi Somaiya, John Waldron, Daniel Pinto, Balyasny, Jane Fraser, We've, Jeffrey Cane, Hallam Bullock Organizations: KKR, nab, Citadel, Goldman, JPMorgan, Millennium, UBS, LinkedIn Locations: Hawaii, Wall, New York, London

☆ 10 things Wall Street summer interns should know to snag a return offer, including how to fill the downtime and when it's not OK to go out for lunch
▼ + stars: | 2023-06-04 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +13 min

Wall Street's summer internship season is finally here — and the competition will be fierce. "I wouldn't be surprised if it's 70% or even less," he said of the return offer rates at the end of the summer. At the end of the summer, they may help determine who gets a return offer. "People just didn't know him, so they didn't have an opinion on him when they were making the decision about the return offer. "Assuming business professional-dressed student A and business casual-dressed student B perform equally well on the job, student A would be more likely to receive the return offer," Sibley said.

Persons: it's, Steve Sibley, They're, Sibley, don'ts, Goldman Sachs, David S, Holloway, Asif Rahman, Rahman, you'll, doesn't, I've, Gucci loafers, you've, You've Organizations: Indiana University's Kelley School of Business, Google, Wall Street Locations: New York City, San Francisco, snagging, dealmaking

☆ Republicans are staunchly opposed to student-loan forgiveness, but Democrats think it goes 'hand in hand' with creating high-paying jobs
▼ + stars: | 2023-06-03 | by ( Ethan Dodd | ) www.businessinsider.com time to read: +6 min

Republicans and a few Democrats have voted to overturn Biden's student-loan forgiveness. Democrats defend Biden's student-loan forgiveness as part of a broader workforce development strategy to address the ongoing labor shortage and rebuild the middle class. "Student loan 'forgiveness' will benefit wealthy elites," Rep. Jim Jordan tweeted when Biden announced his student-loan forgiveness plan in August 2022. But Deluzio voted with all but two House Democrats to protect Biden's student-loan forgiveness. "Expansions of student debt forgiveness need to be matched dollar-for-dollar with investments in career & technical education.

Persons: it's, —, Biden's, Biden, he's, Jim Jordan, Joe Biden, Sen, Bill Cassidy, Jamaal Bowman, Bowman, Chris Deluzio, Deluzio, Marie Gluesenkamp Perez, Washington, Pell Grant Organizations: Service, Privacy, House Republicans, Biden's, Real America, Fox, Democratic Rep, York, Pennsylvania, Democrats, Pittsburgh Democrat, Republican, Brookings, New York Times, Institute Locations: Real, Ohio, Georgia, Philadelphia

☆ New York sends college acceptance letters to 125,000 high school seniors, but broader enrollment crisis may be hard to fix
▼ + stars: | 2023-06-02 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

"There's a broad-based drop in belief or trust in higher education as an institution," said Cole Clark, a managing director within Deloitte's higher education practice and co-author of a recent trends report. These days, only about 62% of high school seniors in the U.S. immediately go on to college, down from 68% in 2010. High schoolers are more interested in 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. Earning a college degree is almost always worthwhile

Persons: Bebeto Matthews, Cole Clark, Connie Livingston Organizations: Baruch College, Barclays Center, AP, College Board, Public, USA, ECMC Group, Junior Achievement, Citizens, Brown University Locations: Brooklyn , New York, U.S

☆ ‘California is meant to burn': Experts teach landowners art of prescribed burns
▼ + stars: | 2023-06-01 | by ( Nathan Frandino | ) www.reuters.com time to read: +3 min

[1/5] Volunteer David Palmer takes part in a broadcast burn in advance of wildfire season near Blodgett Forest Research Station in Georgetown, California, U.S., May 20, 2023. Teaching locals is exactly what Susie Kocher is hoping to accomplish through the El Dorado Amador Prescribed Burn Association. Founded in 2021, the association teaches private landowners about prescribed burns, including how to plan and carry them out safely. California last year launched a strategic plan for wildfire and forest resilience with the aim of expanding prescribed burns to 400,000 acres annually by 2025. The Saturday class for two dozen volunteers – mostly college students and a few private landowners - at the Blodgett Forest Research Station west of Lake Tahoe turned out just as the experts had hoped.

Persons: David Palmer, Loren Elliott GEORGETOWN, Susie Kocher, Amador, it's, Kocher, Sarah Fischbach, haven't, ” Fischbach, we're, ”, Ariel Roughton, Cathy Mueller, we've, ” Mueller, Nathan Frandino, Mary Milliken, David Gregorio Our Organizations: Research, REUTERS, El, Burn, “, Blodgett, Thomson Locations: Blodgett, Georgetown , California, U.S, Loren Elliott GEORGETOWN , California, California, Sierra Nevada, Lake, “ California

☆ China's youth unemployment hits a record high, deepening its economic scars
▼ + stars: | 2023-05-29 | by ( Clement Tan | ) www.cnbc.com time to read: +6 min

In this article GSBDGS Follow your favorite stocks CREATE FREE ACCOUNTChina's young face the prospect of dimmer economic gains amid record youth unemployment in the world's second-largest economy. "The expansion of college education in the late 1990s created this huge influx of college graduates, but there is a misalignment between demand and supply of high skilled workers. "Increasingly, college graduates are taking up positions that are not commensurate with their training and credentials to avoid unemployment," Lu told CNBC. China's young face the prospect of dimmer economic gains amid record youth unemployment in the world's second-largest economy. "But the plan was for China's economy to transform from labor-intensive industry to more technological, with a strong service-oriented, knowledge economy," Yeung added.

☆ Texas Lawmakers Pass Ban on D.E.I. Programs at State Universities
▼ + stars: | 2023-05-29 | by ( Audra D. S. Burch | ) www.nytimes.com time to read: +1 min

The News: Just a day before the Texas legislative session ended, state lawmakers approved a ban on offices and programs that promote diversity, equity and inclusion at publicly funded colleges and universities. On Sunday, both chambers approved Senate Bill 17, which was sponsored by Brandon Creighton, a Republican state senator. “The days of political oaths, compelled speech, and racial profiling in university hiring are behind us,” Mr. Creighton said in statement. Democratic leaders, college educators and students warned that the bans could have wide repercussions including on the ability to attract and retain students from diverse backgrounds and on the chances of winning research and programming grants. The Texas Conference of American Association of University Professors said in a statement that the bill sends a clear message to the 1.3 million public university and community college students, “that our state is not committed to welcoming students from all backgrounds and to building a public higher education system that is truly inclusive and supportive of all.”

☆ How to dress for your Wall Street summer internship, from Lululemon trousers to Allbird sneakers
▼ + stars: | 2023-05-29 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +10 min

From Allbirds sneakers to Lululemon pants, Wall Street work attire has gotten more casual. It's an awkward time for the Wall Street wardrobe. Trying to nail the modern Wall Street look can be intimidating. But blazers still have a place on Wall Street, even if they're not as omnipresent as they once were. All-white Sam Smith sneakers is now acceptable Wall Street internship attire.

☆ A telco billionaire gave $1,000 each to 2,500 Boston college graduates and encouraged them to donate half of it, calling it a 'gift of giving'
▼ + stars: | 2023-05-26 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Robert Hale, the founder, and CEO of Granite Telecommunications, gave 2,500 graduating students $1,000 each. But he called on the graduates to donate half of the gift, or $500, calling it the "gift of giving." He isn't the only billionaire donating to college students. He then urged them to donate half of the gift, or $500, calling it the "gift of giving," according to media reports, including NBC Boston. In May 2022, Hale gifted $1,000 each to 150 graduates at the Roxbury Community College in Boston, per NBC Boston.

☆ What College Students Need Is a Taste of the Monk’s Life - The New York Times
▼ + stars: | 2023-05-25 | by ( Molly Worthen | ) www.nytimes.com time to read: +4 min

“On college campuses, these students think they’re all being individuals, going out and being wild,” he said. Undergraduates at Belmont Abbey College outside Charlotte, N.C., share their quadrangles, sidewalks and even their chess clubs with Benedictine monks who live in an abbey in the middle of campus. Their presence compels even non-Christians on campus to think seriously about vocation and the meaning of life. “Either what the monks are doing is valuable and based on something true, or it’s completely ridiculous,” Mr. Lutz said. The point is not to take away the phone for its own sake but to take away our primary sources of distraction.

☆ Netflix password-sharing crackdown rolls out in the U.S.
▼ + stars: | 2023-05-23 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

The streaming service said it began alerting members on Tuesday about its new sharing policy, noting that Netflix accounts are only to be shared within a single household. Netflix 's crackdown on password sharing has come to the U.S.Netflix warned it would be tightening its guidelines on password sharing in a push to boost revenue and subscriber numbers, soon after the company began seeing growth stagnate. On Netflix's subscription plans page , it notes that extra members can be added to its standard and premium plans without ads. Earlier this year, Netflix outlined password-sharing guidance in four other countries: New Zealand, Canada, Portugal and Spain. In addition to its crackdown on password sharing, Netflix also recently introduced a cheaper, ad-supported tier in an effort to boost revenue.

☆ Idaho Murder Suspect Declines to Enter Plea
▼ + stars: | 2023-05-22 | by ( Mike Baker | ) www.nytimes.com time to read: +1 min

The man accused of murdering four college students during a predawn intrusion at their house near the University of Idaho declined to enter a plea to the charges Monday, electing to “stand silent” during the first step in what promises to be a lengthy legal process. Judge John C. Judge said he would enter a not-guilty plea for the defendant, Bryan Kohberger, after Mr. Kohberger’s lawyer, Anne Taylor, said her client had elected not to enter any plea at this stage. Mr. Kohberger has said through a lawyer in the past that he expects to be exonerated. A trial was set to begin in October in Moscow, the quiet Idaho college town that had not recorded a murder in the seven years before the four students were killed Nov. 13. Investigators have said in court records that they linked Mr. Kohberger to the killings with the help of DNA found on a knife sheath at the crime scene, as well as through surveillance video that showed a car similar to his near the house around the time of the killings.

☆ See the presentation a digital-health startup used to raise $30 million to bring mental-health care to college students
▼ + stars: | 2023-05-22 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +2 min

Uwill zeroed in on ensuring college students can access those treatments. The company announced in May that it raised a $30 million Series A round. UwillUwill, founded in 2020, is focused on providing virtual mental-health services to college students. Before Uwill, London started companies focused on education technology, including Examity, an online-testing platform, and College Coach, which Bright Horizons Family Solutions owns today. In May, Uwill announced it had raised a $30 million Series A round from the education-focused private-equity firm Education Growth Partners.

May 22 (Reuters) - The graduate student accused of stabbing four University of Idaho college students to death is expected to appear in court on Monday for his arraignment and to enter a plea on first-degree murder charges. Bryan Kohberger, 28, is scheduled to be appear in a Latah County courtroom for an arraignment hearing in front of District Judge John Judge. The crime stunned the small college town of Moscow, Idaho, home to the University of Idaho, and drew national attention, with six weeks elapsing before a suspect was apprehended. Kohberger eventually was arrested in Pennsylvania, where he was visiting his family, and flown to Idaho to face charges. Kohberger was working on a PhD degree in criminal justice at Washington State University, about 10 miles (16 kilometers) from the University of Idaho campus.

☆ Bosses want people in the office. The class of 2023 is ready.
▼ + stars: | 2023-05-21 | by ( Ethan Dodd | Madison Hoff | ) www.businessinsider.com time to read: +8 min

Surveys show Gen Z and class of 2023 graduates want an in-person experience. In-person work can provide young workers with community, keep them engaged, and enhance their early workplace learning. Not so with Gen Z and the class of 2023. This generation wants the community, learning opportunities, and engagement that in-person work can provide — although some young professionals aren't a fan of in-office roles and prefer remote work. "Especially for new grads, they should balance the flexibility that they have for remote work and finding new opportunities with some of the benefits of in-person work," Pardue said.

Search resuls for: "College Students"

25 mentions found