The US economy continued to grow at a healthy pace in late 2023, capping off a year in which unemployment remained low, inflation eased and a widely predicted recession never materialized.Gross domestic product, adjusted for inflation, grew at an annual rate of 3.3 percent in the fourth quarter, the Commerce Department said Thursday. That was lower than the 4.9 percent rate in the third quarter, but easily beat forecasters’ expectations and showed the resilience of the recovery from the economic turmoil of the pandemic.The final reading is preliminary and may be revised in the coming months.Forecasters entered 2023 expecting the…
Author: newsintel365.com
“Transforming Spaces” is a series about women driving change in sometimes unexpected places.Block the towel under the door. Open the window. And hide the bong.For decades, college students have found ways to hide the pungent aroma of marijuana smoke on college campuses. Wanda James, however, didn’t always feel the need to hide. A 1986 graduate of the University of Colorado Boulder, Ms. James used to sit on the steps outside her dorm and roll joints with her friends.It would be decades before Colorado became one of the first two states in the country to legalize recreational cannabis, but on campus,…
President Biden on Wednesday vetoed a Republican-led effort that could have prevented the administration’s plans to invest $7.5 billion to build electric vehicle charging stations across the country.In issuing the veto, Mr. Biden argued that the congressional resolution would hurt domestic manufacturing as well as the clean energy transition.”If passed, this resolution would undermine the hundreds of millions of dollars the private sector has already invested in domestic EV charging manufacturing and further discourage domestic investment in this critical market,” Mr. Biden said in a statement.The move comes amid a growing political divide over electric vehicles. The Biden administration is…
JPMorgan Chase is reshaping its leadership team, a move many see as a succession plan, even though its longtime chief executive, Jamie Dimon, has signaled he is staying on.Mr. Dimon, 67, has been head of the United States’ largest bank for nearly two decades, and has repeatedly rejected suggestions that he might step down. The specter of his eventual exit, however, hangs over JPMorgan as outsiders question whether he could run for public office or serve in a presidential administration.In a note to employees on Thursday, JPMorgan further clouded the issue. Daniel Pinto, the bank’s chief executive and Mr Dimon’s…
Gov. Kathy Hochul on Wednesday proposed a major education policy change that could change the way many schools across New York teach reading, following the lead of other states that have abandoned methods that experts say have left back millions of children.The proposal comes as education experts point to growing evidence that the state’s approach to literacy is failing. Last year, fewer than half of New York City’s third graders were proficient on state reading tests.Ms. Hochul has asked the state Department of Education to require school districts to certify that their curricula have adopted “scientifically proven” approaches to literacy…
Jonathan Henry, vice chancellor at the University of Maine at Augusta, hopes an email will arrive this month. He’s also kind of afraid of it.The message, if it comes, will tell him that US News & World Report has again ranked his university’s online programs among the nation’s best. The story suggests the email will also prompt the university to pay, through a licensing agent, thousands of dollars for the right to advertise its ranking in US News.For more than a year, US News has been embroiled in another bitter dispute over the value of college rankings — this time…
Accusations of plagiarism appear to be the newest weapon in the raging battle for leadership and direction at elite universities.For weeks, William Ackman, the billionaire hedge fund manager, campaigned on social media against Claudine Gay, who resigned as Harvard president amid accusations of plagiarism by other scholars and that she did not take a strong enough stand against him. anti-Semitism on campus.But that battle hit home after Business Insider, an online publication, published similar allegations of plagiarism against Mr. Ackman’s wife, Neri Oxman, an architect and designer who holds a Ph.D. in design computing from the Massachusetts Institute of Technology.Business…
Marc Tessier-Lavigne, Stanford’s president, resigned in August after an investigation found serious flaws in the studies he had overseen for decades.Claudine Gay, Harvard’s president, resigned as the new year dawned amid mounting accusations of plagiarism dating back to her graduate student days.Then Neri Oxman, a former star professor at MIT, was accused of plagiarizing from Wikipedia, among other sources, in her thesis. Her husband, hedge fund billionaire Bill Ackman, was one of Dr. Ackman’s fiercest critics. And he has vowed to search the archives of the MIT faculty and its president, Sally Kornbluth, for plagiarism.Attacks on the integrity of higher…
In the United States, some labor unions, city governments and city councils have weighed in on the Israel-Hamas war, issuing statements in support of the cease-fire — often after strong objections from some of their members and constituents.On Wednesday night, the school board in Ann Arbor, Mich., became one of the first public school districts in the country to vote in favor of such a declaration.Supporters of the resolution, including Palestinian Americans and Jewish board members said the declaration was an urgent moral imperative amid a humanitarian crisis.But the vote — 4 to 1, with two abstentions — was divisive…
In a report to a congressional committee released Friday, Harvard provided the most detailed account yet of its handling of plagiarism allegations against Claudine Gay, who resigned this month as the university’s president.The basic outlines of the saga were known, but Harvard had not released many details, which had led to questions about the impartiality and rigor of its investigation.In its account, Harvard defended the thoroughness of the plagiarism review. He said an outside panel had found that Dr. Gay was “sophisticated and original,” with “almost no indication of a deliberate claim of findings” that were not her own, even…