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

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

☆ ChatGPT showed it could pass a freshman year at Harvard and achieve a 3.34 GPA, student says
▼ + stars: | 2023-07-19 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

ChatGPT is capable of achieving respectable grades at Harvard, an experiment found. Per the experiment conducted by a Harvard student, the bot ended the year with a 3.34 GPA. A version of ChatGPT powered by OpenAI's GPT-4 is capable of passing a typical freshman year at Harvard, a recent experiment found. To conduct the experiment, Bodnick, a Harvard student herself, asked eight professors and teaching assistants to grade ChatGPT's essays generated in response to real Harvard prompts. Higher education is starting to bring in guidance and policies to manage the rise of generative AI.

Persons: OpenAI's GPT, Maya Bodnick, Matthew Yglesias's, OpenAI's ChatGPT, Wharton, Christian Terwiesch Organizations: Harvard, Ivy League College

☆ Opinion: The Supreme Court rewrites American society once again
▼ + stars: | 2023-06-30 | by ( Opinion Cnn Contributors | ) edition.cnn.com time to read: +25 min

But learning the facts - that affirmative action is critical for fostering equal access and opportunity in our academic institutions -cemented my belief that affirmative action is necessary if we want to create an equitable nation. The court’s decision Thursday is consistent with its view that race-based preferences should and would have a limited shelf life. Jon Wang, who revealed himself as a plaintiff in this Supreme Court case, was rejected by Harvard but was accepted at and is now attending Georgia Tech. Affirmative action enabled my ability to experience different ways of thinking and to form the lasting friendships I have made. Affirmative action has been a tool used by many countries to ensure underrepresented communities are included in areas they normally are not.

Persons: who’d, Tan, ”, Ana Fernandez, Richard Kahlenberg, Peniel Joseph, Peniel Joseph Kelvin Ma, Kelvin Ma, retrenchment, Bakke, Shelby, Holder, John F, Barry Goldwater, Richard Nixon, Ronald Reagan, Peniel, Joseph, Barbara Jordan, “, ” Lanhee Chen, Bollinger, Sandra Day O’Connor, Lanhee Chen Lanhee J . Chen, J, Chen, David, Diane Steffy, Romney, Ryan, Roxanne Jones, Andrew Johnson, Jones, WURD, Richard Sander, –, Richard Sander Fiona Harrison, Jeff Yang, Ed Blum’s, Jon Wang, Michael Wang, Williams, Jian Li, Bruce, Hudson Yang, Natasha Warikoo, Ketanji Brown Jackson, ” Natasha Warikoo Alonso Nichols, John Roberts, Brayden Rothe, Biden, can’t, Joe Biden, Brayden Rothe Patrick O'Leary, Pell Organizations: CNN, Fellows of Harvard College, Harvard, Harvard College, Cuban, American Council, Education, Wellesley College, Renaissance Studies, Black, Tufts University, Blacks, Ivy League, Federalist Society, John Birch Society, Trump, Democratic Party, GOP, Center, LBJ School of Public Affairs, University of Texas, Racial Justice, University of North, University of North Carolina Chapel, Public Policy, Hoover Institution, California State, Republican, Democratic, White, Fair, Supreme, ESPN The Magazine, ESPN, New York Daily News, Philadelphia Inquirer, The University of California, UCLA, University of California, UC, Georgia Tech, Department of Education, Princeton, Yale, Stanford, Princeton University, Institute for, Digital Intelligence, Harvard University, College, Social Sciences, of Sociology, Equity, University of Minnesota Locations: today’s, Philippines, Taiwan, Los Angeles, Portland, White, American, United States, West Linn , Oregon, Cuban American, Miami, Havana, Cuba, Miami , Florida, America, Austin, University of North Carolina, California, lockstep, Berkeley, Asian America, Florida, Texas

☆ Ambitious parents are spending hundreds of thousands on consultants to help get their kids into Ivy League schools, report says
▼ + stars: | 2023-04-01 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Parents are paying consultants up to $750,000 to help get their kids into Ivy League colleges. The six-figure outlay to get their kids into college adds to the increasingly prohibitive cost of attending those institutions. Bloomberg reported that the cost of attending Ivy League schools — including tuition, accommodation, and fees — was pushing $90,000 a year, with four years of attendance potentially costing more than $300,000. Consultants told the outlet that the increasing exclusivity of Ivy League attendance may work as its own status symbol for some parents, encouraging a bigger outlay on preparation. While its generally accepted that Ivy League graduates have higher earning potential than their peers, it seems that Americans are increasingly discounting the value of having a college degree at all.

☆ CEO of ChatGPT maker OpenAI says AI will be 'the greatest force for economic empowerment' we've ever seen
▼ + stars: | 2023-02-15 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

The popularity of AI chatbots like ChatGPT has people concerned that AI may steal their jobs. Sam Altman, the CEO of OpenAI, the company that made ChatGPT. Altman says he thinks AI will be the "greatest force for economic empowerment" we've ever seen. "I think AI is going to be the greatest force for economic empowerment and a lot of people getting rich we have ever seen," Altman said in a tweet on Monday. In an interview last month with StrictlyVC's Connie Loizos, Altman was similarly asked for his predictions on the future of AI.

☆ Jesse Watters' rise at Fox, from Bill O'Reilly's ambush man to Tucker Carlson wannabe
▼ + stars: | 2022-09-27 | by ( Noah Hurowitz | ) www.businessinsider.com time to read: +23 min

At the time, Watters was best known for pulling off elaborately planned ambush interviews on "The O'Reilly Factor," then Fox News' top-rated show. When Grim picked his phone up and trained it again on Watters, the smile was gone from Watters' face. Watters on the set of his show "Jesse Watters Primetime." In early 2022, "Jesse Watters Primetime" debuted, airing right before "Hannity." Watters, whose entire career has been at Fox News, might be a safer bet, according to Muto, the former O'Reilly producer.

Persons: Jesse Watters, MSNBC's swank, Watters, O'Reilly, Ryan Grim, Amanda Terkel, Terkel, he'd, Grim, Drudge, Roger Ailes, Tucker Carlson's, Erik Wemple, Tucker Carlson, Carlson's, Carlson, who's, Donald Trump's, Don Jr, Eric, Julio Cortez, David Hockney, Rush Limbaugh, Ann Coulter, Limbaugh, Mueller, Jon Stewart, Tucker, it's, Wemple, Andrew Lawrence, Lawrence, " Watters, Joe Muto, Jesse, Muto, Clowning, irked O'Reilly, stoke —, Obama, Lefties, Al Qaeda's, Breitbart, Gretchen Carlson, Megyn Kelly, Bill O'Reilly, Spencer Platt, O'Reilly's, cohosts, Kimberly Guilfoyle, Greg Gutfeld, Juan Williams, Ivanka Trump, Emma DiGiovine, DiGiovine, John Lamparski, Hannity, Sean Hannity, Biden, doesn't, You've, we'll, Newt Gingrich, Watters nodded, Neil Cavuto, Chris Wallace, Mike Pence, Tom Brenner, Wallace, gunning, There's, Bill, Jack Newsham, Katherine Long Organizations: Fox News, DC, Huffington Post, Washington Post, Fox, MSNBC, The Washington Post, Better Homes, Gardens, America, East Coast, Quaker, Trinity, Trump National Golf Club, Republican, CNN, Media, Gawker, Ivy League, Fox Nation, stoke, CIA, Corp's, The New York Times, Democrat, Dominion Voting Systems, Daily, Trump, Reuters, OG Locations: O'Reilly's crosshairs, Washington ,, Virginia, Watters, Terkel's, East, St, Middletown , Rhode Island, Philadelphia, Long, Hartford , Connecticut, Bedminster , NJ, San Diego, An Alabama, Chinatown, Telluride, New York's Chinatown, York, New York, Los Angeles

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