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List of All Articles with Tag 'rl'

Mervyn King Says the Bank of England Is Making a ‘Big Mistake’
Mervyn King Says the Bank of England Is Making a ‘Big Mistake’
Subscribe to Merryn Talks Money on Apple PodcastsSubscribe to Merryn Talks Money on Spotify Former Governor of the
2023-07-20 13:25
Musk Says Tesla to Spend Over $1 Billion on Dojo Supercomputer
Musk Says Tesla to Spend Over $1 Billion on Dojo Supercomputer
Tesla Inc. is sparing no expense to become a player in supercomputing, with Elon Musk saying the electric
2023-07-20 07:58
VMware Jumps on Interim UK Approval of $61 Billion Broadcom Deal
VMware Jumps on Interim UK Approval of $61 Billion Broadcom Deal
The gap between VMware Inc.’s stock price and the value of Broadcom Inc.’s proposed takeover narrowed by almost
2023-07-20 05:17
Chile Taps Global Markets for Sustainability-Linked Peso Bonds
Chile Taps Global Markets for Sustainability-Linked Peso Bonds
Chile is once again tapping international bond markets with a deal that hinges on lower greenhouse gas emissions
2023-07-20 04:29
IBM Maintains Full-Year Sales Forecast, Easing Fears of Slowdown
IBM Maintains Full-Year Sales Forecast, Easing Fears of Slowdown
International Business Machines Corp. maintained its full-year forecast of 3% to 5% sales growth, overcoming investor anxiety about
2023-07-20 04:23
NYC Comptroller Blasts BlackRock for Picking Aramco CEO for Board
NYC Comptroller Blasts BlackRock for Picking Aramco CEO for Board
New York City Comptroller Brad Lander slammed a decision by BlackRock Inc., its biggest external money manager, to
2023-07-20 03:19
Venture-Capital Firms to be Held Liable for DeFi Sanctions Violations Under New US Bill
Venture-Capital Firms to be Held Liable for DeFi Sanctions Violations Under New US Bill
A new bipartisan Senate bill would hold venture-capital firms and other large investors accountable in some cases for
2023-07-20 00:53
Elite liberal arts university ends legacy admissions in wake of Supreme Court ruling on affirmative action
Elite liberal arts university ends legacy admissions in wake of Supreme Court ruling on affirmative action
An elite liberal arts university has taken steps in re-evaluating its admission process by ending legacy preferences following the Supreme Court’s decision to strike down affirmative action. Wesleyan University, a private college in Connecticut, announced in a letter on Wednesday that terminating its use of legacy admissions would benefit diversity on campus and cited the Court’s ruling as a catalyst in the decision. “In the wake of the recent Supreme Court decision regarding affirmative action, we believe it important to formally end admissions preference for ‘legacy applicants,’” Wesleyan University President Michael S Roth wrote. “We still value the ongoing relationships that come from multi-generational Wesleyan attendance, but there will be no ‘bump’ in the selection process.” The school is the first prominent higher education institution to end legacy admissions following the Court’s decision to end affirmative action in June. Going forward, Wesleyan said it will promote a diverse student body by recruiting students from areas across the US outside of big cities and coasts, recruiting veterans and investing in a pipeline to recruit community college graduates. They also plan to increase financial aid support by normalising a three-year option, creating a scholarship program to recruit and support undergraduates from Africa and developing more free-credit bearing courses online. In his letter, Mr Roth clarified that an applicant’s connection to the university has never guaranteed them a spot and family members of alumni are admitted on their own merits “as has been almost always the case for a long time.” The announcement marks Wesleyan’s formal ending of any legacy-based admissions. Wesleyan joins a small group of other colleges and universities that have ended legacy admissions like Amherst College which concluded legacy preference in 2021, John Hopkins University which made the decision in 2020 and Massachusetts Institute of Technology (MIT) which has never considered legacy. For more than 20 years, colleges and universities have used affirmative action to help establish a diverse pool of accepted students. Race is not used as the sole factor in determining a student’s acceptance but it can be considered if there are two applicants with nearly identical qualifications that meet or exceed the school’s application standard. Mr Roth echoed this in his letter, saying Wesleyan “has never fixated on a checked box indicating a student’s racial identification” and has always taken a “holistic view” by looking at applicants’ records, letters of recommendation, college essays and more. But in a 6-3 decision last month, the Court struck down the long-used tool in two consolidated cases: Students for Fair Admissions v Harvard and Students for Fair Admissions v University of North Carolina. Now, institutions of higher education can no longer consider race as a factor unless a student volunteers information about their race or culture in their personal essay. Advocates of affirmative action called on colleges and universities to re-evaluate their admissions processes and establish other methods of cultivating a diverse campus. President Joe Biden encouraged schools to “not abandon their commitment to ensuring student bodies of diverse backgrounds” and directed the Department of Education to analyse practices that hold diversity back. Those practices include legacy admissions which Mr Biden said, “expands privilege instead of opportunity.” Read More Supreme Court strikes down affirmative action, banning colleges from factoring race in admissions Slim majority of Americans support Supreme Court’s affirmative action ruling, but most believe politics rules the court Harvard sued over ‘legacy admissions’ after Supreme Court targets affirmative action Biden condemns Supreme Court striking down affirmative action: ‘This is not a normal court’
2023-07-20 00:45
Activision Gives Microsoft More Time to Close $69 Billion Deal
Activision Gives Microsoft More Time to Close $69 Billion Deal
Activision Blizzard Inc. agreed to give Microsoft Corp. three more months to close their $69 billion merger so
2023-07-19 21:54
First Southern Hemisphere Direct Air Capture Plant Planned
First Southern Hemisphere Direct Air Capture Plant Planned
Octavia Carbon and Cella Mineral Storage have agreed to build the first direct air capture plant in the
2023-07-19 21:45
Nasdaq Halts Plan to Launch Crypto-Custodian Business in US
Nasdaq Halts Plan to Launch Crypto-Custodian Business in US
Nasdaq Inc. said it’s halting the launch of its digital-asset custodian business in the US due to a
2023-07-19 21:18
World’s Second-Biggest Carbon Credit Project Halted by Legislative Hiatus
World’s Second-Biggest Carbon Credit Project Halted by Legislative Hiatus
The world’s second-biggest carbon-credits project has halted its operations after the government of Zimbabwe said earlier this year
2023-07-19 19:55
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