In a surprising turn of events, the president of Columbia University, Nemat “Minouche” Shafik, has announced her resignation after just over a year in the position. This decision comes after facing months of criticism and protests on the Manhattan campus surrounding the war in Gaza. Despite citing progress in various areas during her tenure, Shafik
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Inflation rates rose as expected in July, driven primarily by higher housing-related costs. The consumer price index, which is a comprehensive measure of prices for goods and services, increased by 0.2% for the month, resulting in a 12-month inflation rate of 2.9%. Economists had anticipated a 0.2% increase with a 3% inflation rate. Excluding food
The rollout of the new Free Application for Federal Student Aid, also known as FAFSA, has been fraught with issues and delays, according to various reports. Many college students are still unsure about the status of their aid awards for the fall semester. This has caused a lot of frustration and uncertainty among students, families,
Consumer expectations regarding inflation have shifted in the latest New York Federal Reserve report. While respondents anticipate inflation to remain high over the next year, there is a growing confidence that it will decrease in the following years. This shift in sentiment is particularly evident in the three-year outlook, where consumers now expect inflation to
Former President Donald Trump recently made false claims against Vice President Kamala Harris, accusing her of using artificial intelligence (AI) technology to manipulate images of her rally crowds. These accusations were made without any evidence to support his claims and seem to be part of a broader strategy to discredit his political opponents. The Spread
Barbara Res, former executive vice president of construction and development at the Trump Organization, has disputed former President Donald Trump’s recent account of riding in a helicopter with former San Francisco Mayor Willie Brown that had to make an emergency landing in the 1990s. Res claimed that they were working on a major project in
Senator Elizabeth Warren from Massachusetts has raised concerns about Tesla CEO Elon Musk’s use of company resources to benefit his other ventures, including SpaceX and xAI. In a 10-page letter addressed to Tesla Chairwoman Robyn Denholm, Warren accuses the Tesla board of failing to meet its fiduciary duties to Tesla shareholders by neglecting to address
Credit card debt in the United States has reached an all-time high, with Americans now owing an astonishing $1.14 trillion on their credit cards. The situation is becoming increasingly alarming as the average balance per consumer has surged to $6,329, marking a 4.8% increase year over year. Data from both the Federal Reserve Bank of
If Vice President Kamala Harris were to become the president, Maryland’s Democratic Gov. Wes Moore believes that she would prioritize the growth of small businesses and promote healthy competition within large industries. Moore suggests that Harris would support policies that make it easier for small businesses to thrive while also ensuring that large corporations can
In a surprising announcement, OpenAI co-founder John Schulman declared his departure from the Microsoft-backed company to join Anthropic, an artificial intelligence startup funded by Amazon. Schulman, who had been a key figure at OpenAI, contributed to refining AI models for the ChatGPT chatbot and developing a programming interface for third-party developers. His decision to leave