According to a recent report by economists Pinghui Wu and Lucy McMillan from the Federal Reserve Bank of Boston, working college students who experience job loss are more likely to drop out of school. The study, titled "Credit Access and the College-persistence Decision of Working Students: Policy Implications for New England," reveals that when a working undergraduate aged 18 to 24 faces involuntary job loss, their chances of not returning to school the following academic year increase by 17%.Although only 2% of the students in the study sample were affected by job loss,...
Pine Gate Renewables, LLC, a developer and owner-operator of utility-scale solar and energy storage projects in the United States, has announced the closing of a $150 million credit facility with global investment firm Carlyle (NASDAQ: CG). The credit facility was finalized in the fourth quarter of 2023 and will be used to accelerate construction activities for Pine Gate's growing development pipeline and support a subset of its 2.2 GW operating portfolio.This partnership with Carlyle will provide Pine Gate with access to additional capital and diversify its financing...
VCUarts sophomore Sirena Pearl has been named the winner of The Science Coalition's Fund It Forward Student Video Challenge. In her video, Pearl focused on the urban heat island effect, a pressing environmental issue that highlights the acceleration of climate change. She explained, "Asphalt in urban areas increases temperatures locally creating a much hotter environment than suburban and rural areas that hold more vegetation."Pearl's winning video impressed the judges with its creativity and innovation. As a result, she received funding from VCU's Undergraduate Research...
Martin Luther King III, a renowned civil rights activist and global humanitarian, will be delivering the keynote address at the University of Chicago's 2024 MLK Commemoration Celebration. The event, which will take place on January 30 at the Rockefeller Memorial Chapel, will be open to the public and will also be webcasted.King III, the eldest son of Martin Luther King Jr. and Coretta Scott King, has dedicated his life to continuing the important work of his parents in the fight for civil rights and social justice. He has been instrumental in promoting human rights,...
Casper Labs, the enterprise blockchain software and services provider, has announced a partnership with IBM Consulting to develop a blockchain-powered solution that aims to improve transparency and auditability in AI systems. By leveraging Casper Labs' blockchain technology and IBM's watsonx.governance, the solution will establish an additional layer for governing AI training data, allowing organizations to track and audit changes made to generative AI models.The collaboration between Casper Labs and IBM Consulting comes in response to the challenges faced by...
CUPERTINO, CALIFORNIA - Apple has announced that Dr. Wanda Austin, former president and CEO of The Aerospace Corporation, has been nominated for election to Apple's board of directors. Dr. Austin brings a wealth of experience in science and technology to her new role and has a proven track record of advancing innovation and shaping corporate strategy.As the first woman and the first African American to hold the position of president and CEO of The Aerospace Corporation, Dr. Austin led an organization dedicated to supporting the U.S. space program and expanding...
A Paris opera house, a quaint forest town in Czechia, a Dublin beach that seemed to never end — these are some of the scenes that took first place in the Center for Undergraduate Global Engagement’s 2023 photo contest. The annual contest asks students to share images from their study abroad experiences in a range of categories. We recently caught up with some of the CC winners to get the story behind their images.One of the winners, Linnea Hopkins-Ekdahl CC’24, captured a stunning photo in Karlštejn, Czechia, on her Nikon 35mm film camera. She described the town as...
Columbia Community Service (CCS) recently concluded its 25th Annual Toy Drive and Winter Coat Drive, and the results are impressive. The community came together during the busy holiday season to support these beloved traditions, and the generosity shown was overwhelming.A total of 988 toys were donated to CCS grantees organizing toy distribution. This represents a significant increase of 112% compared to the previous year. The toys will be distributed to organizations such as Advancing the Community of Tomorrow, Association to Benefit the Children, Cathedral Community...
Cash is piling up at Euroclear Bank as a result of sanctions imposed on Russia by various governments, including the United States, the European Union, and Japan. These sanctions have immobilized the Bank of Russia's reserve assets, meaning that the assets remain under the bank's ownership but cannot be moved. Euroclear, the Brussels-based international central securities depository, is holding the majority of these immobilized assets.The balance sheet of Euroclear Bank has grown more than fivefold since early 2022, indicating the significant accumulation of cash. While...
GE Vernova's Onshore Wind business has announced a new equipment and long-term services deal with Pattern Energy to provide 2.4 gigawatts (GW) of power at the SunZia Wind project in New Mexico. The project is expected to be the largest wind project in the Western Hemisphere at over 3.5 GW total project size. This order is the largest single onshore wind turbine order ever received by GE Vernova.Scott Strazik, CEO of GE Vernova, expressed his pleasure in supporting Pattern Energy on this monumental project, highlighting the key role wind power plays in delivering renewable...
Halil Beqaj, a medical student at Columbia’s Vagelos College of Physicians & Surgeons, is set to graduate this spring with both a medical degree and a Master of Science in Biomedical Sciences. Beqaj's journey at Columbia has been marked by his passion for science and his desire to make a difference in the field of medicine.From a young age, Beqaj was inspired by his father, a pathologist, who introduced him to the world of science. "My father helped me discover my passion for science at the earliest birthday I can remember," Beqaj recalls. "He got me a microscope for my...
CUNY Chancellor Félix V. Matos Rodríguez has issued a statement expressing his support for Governor Hochul's 2024 State of the State address. The Chancellor commended the Governor for outlining a transformative agenda that addresses persistent health and economic inequalities through critical investments in academic and research opportunities.In his statement, Chancellor Matos Rodríguez highlighted the alignment between Governor Hochul's agenda and the values shared by the City University of New York (CUNY). He specifically mentioned CUNY's pride in joining the newly...
Prof. Jonathan Lear, an esteemed philosopher and ethicist, has been announced as the speaker for the 2024 Nora and Edward Ryerson Lecture. The lecture, which will take place on April 2 at 5 p.m., will be held at the Rubenstein Forum's Friedman Hall. This annual event, organized by the University of Chicago, aims to recognize scholars who have made significant contributions to research.The Ryerson Lecture has a long-standing tradition at the University of Chicago, with faculty nominating a peer who has made lasting contributions to their field. The lecture is not only open...
The U.S. Small Business Administration (SBA) is celebrating the one-year anniversary of the Veteran Small Business Certification (VetCert) program. This program has been instrumental in expanding federal contracting opportunities for Veteran-Owned Small Businesses (VOSBs) and Service-Disabled Veteran-Owned Small Businesses (SDVOSBs). Under the Biden-Harris Administration's commitment to supporting veterans and underserved populations, the VetCert program has approved over 10,400 applications from VOSBs and SDVOSBs with an impressive average processing time of just 15 days....
MIT is set to inaugurate its new music building, a 35,000-square-foot facility adjacent to Kresge Auditorium, in spring 2025. The new building, also known as Building W18, aims to provide better support for MIT's thriving musical program. It will feature high-quality rehearsal and performance spaces, a professional recording studio, classrooms, and laboratories for the music technology program.According to Keeril Makan, the Michael (1949) and Sonja Koerner Music Composition Professor and associate dean of the School of Humanities, Arts, and Social Sciences, the new music...
Carlyle Group Inc. has announced that it will be releasing its financial results for the fourth quarter and full year 2023 on Thursday, February 8, 2024. The company will also be hosting an investor conference call at 10:00 a.m. EST on the same day.
A new global study conducted by the IBM Institute for Business Value highlights a growing gap between consumer expectations and the current retail offering. The study, titled "Revolutionize retail with AI everywhere: Customers won't wait," surveyed nearly 20,000 global consumers and found that only 9% of respondents are content with in-store shopping, while 14% are satisfied with online shopping.
