The spectacularly ruthless and insanely generous Andrew Carnegie once said, "The man who dies rich, dies disgraced." I just saw that Harvard and Princeton both have AAA credit ratings, so allow me to paraphrase: "the university that lives with a triple-A credit rating lives disgraced."
With job opportunities drying up left and right, here's to hoping one of the most disgusting and distasteful aspects of our culture finally keels over: the college application/prostitution process.
What's good for General Motors is not good for America, and vice versa. I don't object to the government giving GM tens of billions of dollars so it can avoid bankruptcy, or at the very least liquidation.
At a time when fewer and fewer people can afford to pay for college, these schools are going out of their way to make higher education even more expensive. Their justification? Endowments haven't done so well lately. Since when did Penn or Harvard or Yale become for-profit institutions?
We've been getting away with operating on the cheap for decades, but now it's killing us. The problem isn't that the SEC is wasting its resources, it's that it doesn't have enough resources.
How's this for the war against the young: two judges in Pennsylvania who took kickbacks to send young offenders to two privately run "youth detention centers" plead guilty to wire fraud and tax fraud and got just 87 months in Federal Prison. That's right 87 months, not years.
Andrew Laffoon, Mixbook CEO, discusses how mobile app "Mosaic" lets users create photo books and explains what differentiates their app from competitors like Shutterfly. Lafoon also comments on Mixbooks plans for going public.
Monday, 2 Dec 2013 | 10:33 AM ET
Moelis & Co. founder and CEO Ken Moelis, discusses the current M&A environment, as well as regulatory conditions. He says regulations "will continue to pressure people who want to have one-on-one relationships with their client undisturbed by some of the oversight that's meant for balance sheets."
Friday, 6 Dec 2013 | 1:47 PM ET
Discussing fast-food workers' push for a $15 minimum wage, and the burden to small businesses, with William Rodgers, Rutgers University public policy professor, and Republican strategist Joe Watkins.