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Category Archives: Economy

Expert predicts 25% of colleges will “fail” in the next 20 years

CBSNews: “For the first time in 185 years, there will be no fall semester at Green Mountain College in western Vermont. The college, which closed this year, isn’t alone: Southern Vermont College, the College of St. Joseph, and Atlantic Union College, among others, have shuttered their doors, too. The schools fell victim to trends in higher education – trends that lead one expert to believe that more schools will soon follow. “I think 25% of schools will fail in the next two decades,” said Michael Horn, who studies education at Harvard University. “They’re going to close, they’re going to merge, some will declare some form of bankruptcy to reinvent themselves. It’s going to be brutal across American higher education.” Part of the problem, Horn explained, is that families had fewer kids after the 2008 recession, meaning that there will be fewer high school graduates and fewer college students. “Fundamentally, these schools’ business models are just breaking at the seams,” he said…”

More than two-thirds of Americans have little confidence in what the White House says

Washington Post: “The Trump administration has asked a federal court to reconsider a ruling that opened the door for potential payments to millions of federal employees and others due to the cybertheft of their personal information. The Justice Department request, filed last week, involves what it calls “massive litigation” stemming from hacks of two government… Continue Reading

JPMorgan Creates ‘Volfefe’ Index to Track Trump Tweet Impact

Bloomberg – “Two of the largest Wall Street banks are trying to measure the market impact of Donald Trump’s tweets. Analysts at JPMorgan Chase & Co. have created an index to quantify what they say are the growing effects on U.S. bond yields. Citigroup Inc.’s foreign exchange team, meanwhile, report that these micro-blogging missives are… Continue Reading

Automatic for the People

American Libraries – Are self-service libraries a threat to the profession or an opportunity to better serve patrons? – “Automated and self-service libraries—which have been popular in Europe for years—are gaining a foothold in the US. Will these services eliminate librarian jobs, or are they a cost-effective way to stretch budgets and provide basic services… Continue Reading

Toward a new kind of Big Deal for open source academic articles

Inside Higher Ed – University librarians and some academic publishers are optimistic about the possibility of reaching new agreements to make more academic articles fully open, but they acknowledge many challenges ahead. “Making the transition from paying to read to paying to publish academic research won’t be easy for universities or publishers. But it is… Continue Reading

Google will shut down Google Hire in 2020

TechCrunch: “Add another one to the Google graveyard. Google has disclosed that it will shut down Google Hire, the job application tracking system it launched just two years ago. Google built Hire in an effort to simplify the hiring process, with a workflow that integrated into Google’s G Suite (Search/Gmail/Calendar/Docs etc.) things like searching for… Continue Reading

Many Workers Would Choose Wearing Jeans to Work Over a $5,000 Raise

randstad US survey finds casual dress is (almost) always in fashion in today’s workplace. 33 percent of employees prefer an informal dress code to an extra $5K in salary – “Randstad US today released results of a survey exploring American employees’ attitudes regarding workplace fashion. The findings not only revealed casual dress appears to be… Continue Reading

The Internet’s Invisible Cleanup Crew

Jacobin – Review of Behind the Screen: Content Moderation in the Shadows of Social Media, by Sarah T. Roberts (Yale University Press, 2019). “Commercial content moderation, or CCM, describes one of the dirtier jobs on the corporate internet: reviewing and removing violent, racist, and disturbing content posted to social media sites like Facebook and YouTube… Continue Reading

2019 Urban Mobility Report

Published by The Texas A&M Transportation Institute with cooperation from INRIX: “The ‘2019 Urban Mobility Report’ highlights the reality of how motorists in the largest urban areas across the U.S. are experiencing the negative effects of congestion levels in their daily lives. In 2017, the average commuter wasted nearly 7 full working days in extra… Continue Reading

Modernization of Secrecy System is Stalled

Secrecy News: “Today’s national security classification system “relies on antiquated policies from another era that undercut its effectiveness today,” the Information Security Oversight Office told the President in a report released yesterday. Modernizing the system is a “government-wide imperative,” the new ISOO annual report said. But that is a familiar refrain by now. It is much the… Continue Reading