Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
It’s an unprecedented move in higher education, but a welcome one. The U.S. Secretary of Education has pledged to forgive the loans of as many as 350 thousand students who were defrauded into taking on huge student loan debts by online schools owned by Corinthian Colleges. More students may also be eligible. In the New…
Yesterday, Iceland’s prime minister, Sigmundur Gunnlaugsson, announced a plan that will essentially close the books on his country’s approach to handling the financial crisis — an approach that deviated greatly from the preferences of global financial elites and succeeded quite well. Instead of embracing the orthodoxy of bank bailouts, austerity, and low inflation, Iceland did just…
The Obama administration’s desire for “fast track” trade authority is not limited to passing the Trans-Pacific Partnership (TPP). In fact, that may be the least important of three deals currently under negotiation by the U.S. Trade Representative. The Trans-Atlantic Trade and Investment Partnership (TTIP) would bind the two biggest economies in the world, the United States and…
Jamie Dimon, who has overseen both a large increase in the stock price of JPMorgan Chase and the bank’s transition into a criminal enterprise, is now officially a billionaire. We wish him all of the future success that he deserves. Gawker.
Photo The Goldman Sachs headquarters in Manhattan. Goldman and other Wall Street firms are evaluating their work policies. Credit Spencer Platt/Getty Images Earlier this year, a 22-year-old first-year analyst at the Goldman Sachs office in San Francisco was feeling overwhelmed by the all-nighters and 100-hour workweeks. The analyst, Sarvshreshth Gupta, a graduate of the University…
Photo Credit Mark Todd ACROSS cultures and industries, managers strongly prize “cultural fit” — the idea that the best employees are like-minded. One recent survey found that more than 80 percent of employers worldwide named cultural fit as a top hiring priority. When done carefully, selecting new workers this way can make organizations more productive…
Facebook / Mad MenA week ago, The New York Times revealed that some women on the Upper East Side were receiving “wife bonuses.” A wife bonus is just what it sounds like. A wife is given a nice year-end chunk of cash for performing her wifely duties. For instance, “how well she managed the home…
Work is getting in the way of much-needed vacations, according to the latest executive survey by recruitment and HR consulting firm Korn Ferry. Two-thirds (67%) of the more than 400 U.S. executives surveyed online earlier this month said they had postponed or canceled vacation plans in the past year due to demands at work. While 83%…
Release Date: May 27, 2015 sDate For release at 12:00 p.m. EDT The Federal Reserve Board’s latest survey of the financial and economic conditions of American households released Wednesday finds that individuals’ overall perceptions of financial well-being improved modestly between 2013 and 2014 but their optimism about future financial prospects increased significantly. The 2014 Survey…
ITT Educational Services, one of the country’s largest for-profit college operators, has fallen into a financial and regulatory spiral that many observers say it is unlikely to emerge from. The company, which had 51,000 students as of March, is slowly running out of options to stay afloat. Except, of course, for one: enroll more students….