Throughout U.S. history, attending university has led to upward social and economic mobility. But while colleges can help increase the earning power of low-income individuals and reduce income inequality overall, many universities cater to the wealthy, attracting mostly students from high-income homes. These colleges are often small, private schools with low student-to-faculty ratios and liberal arts curricula.  To determine the […]

Toyota has announced it will increase production for July through September to 850,000. It said it would do so despite an ongoing microchip shortage. It hedged its comments a bit: “As it remains difficult to look ahead due to the shortage of semiconductors and the spread of COVID-19, there is a possibility that the production plan may be lower.” The […]

James Rado, who along with his friend and writing partner Gerome Ragni created Broadway’s seminal Age of Aquarius musical Hair, died peacefully Tuesday evening of cardio respiratory arrest in New York City, surrounded by family. He was 90. His death was announced by his longtime friend, publicist Merle Frimark. Rado and Ragni, who died in 1991, wrote the book and […]

On the back of rising crude oil purchases, India’s bill for imports from sanctions-hit Russia jumped 3.5 times in a year in April to $2.3 billion, showed data from the commerce ministry. In April, India’s crude oil imports from Russia were valued at $1.3 billion, 57 per cent of India’s total inbound shipments from Russia. Other major imported items during […]

The country’s largest private lender HDFC Bank is planning to facilitate a shift in its payments module from the existing core banking platform. This would ensure minimal payments downtime, even if core banking is not available. “This 15-month project will be followed by hollowing the customer-master modules from its existing core systems. “It will ensure a single system of record […]

TOKYO (Reuters) -Japan’s Sumitomo Mitsui Financial Group (SMFG) Inc is in final talks to acquire 10% of online financial giant SBI Holdings Inc in a deal likely worth over 60 billion yen ($443 million), the Nikkei business daily reported on Tuesday.FILE PHOTO: Sumitomo Mitsui Banking Corporation’s signboard is pictured at its branch in Tokyo, Japan, January 25, 2017. REUTERS/Kim Kyung-Hoon//File […]

New York (CNN Business)Corporate America is frustrated with the Federal Reserve for waiting too long to attack inflation, according to former Trump economic adviser Gary Cohn. Cohn, who is frequently in touch with CEOs, told CNN that businesses have been experiencing wage inflation and surging input costs for more than a year. “I think the business community is disappointed in […]

Over 14,000 staff at Rolls Royce Holdings plc (RYCEF.PK) will be provided with a 2000-pound one-off payment to help them cope with the rising cost of living in Britain. The payment is mainly meant for junior management and shop floor staff, based at its Derby and Bristol offices. The lump sum will be rolled out to the around 3,000 staff […]

Broadway will adopt a “mask optional” policy for audiences in July, the Broadway League announced today. Audience members will be encouraged, but not mandated, to wear masks in theaters. Charlotte St. Martin, President of The Broadway League said, “Millions of people enjoyed the unique magic of Broadway by watching the 75th Tony Award Ceremony recently. Millions more have experienced Broadway […]