Did you shell out $55,000 to watch your college professor on Zoom all year?
Do you think the college broke the promises they made to get you to enroll?
If you could sue your university for charging you the same amount for remote learning, would you?
If you said 'yes' to the above, you're not alone.
Students displeased with remote learning have filed hundreds of lawsuits seeking tuition refunds from their universities. But the defendants are mostly winning, and we should be worried about how bloomberg.com/opinion/articl…
Plaintiff after plaintiff argues that schools have breached contracts requiring:
🎒In-person classes
🤝Networking opportunities
🌷All the benefits of bright, cheery campuses bloomberg.com/opinion/articl…
Many colleges are financially strapped, and tuition refunds would put them further in the red.
But institutions should consider the long-term consequences of pursuing what amounts to an argument that the campus experience is worthless, writes @StepCarterbloomberg.com/opinion/articl…
The fine print says schools reserve the right to make changes without notice in the courses and offerings.
Colleges and universities had to make swift decisions on how best to continue instruction to deal with the Covid-19 pandemic bloomberg.com/opinion/articl…
Judges across the country noted that courts are ill-suited to second-guess the decisions of academic authorities on how best to continue their pedagogical mission in the midst of a swift-moving crisis bloomberg.com/opinion/articl…
Colleges are acting like used car salesmen, arguing that students should have read the fine print before sending in those tuition checks.
But when many students completely misunderstand the terms of their agreements, it's possible they are being misled bloomberg.com/opinion/articl…
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$700 billion is about nine times current US customs revenue, and 2.4% of the most recent estimate of US GDP.
Tariff revenue hasn’t surpassed 2% of GDP since the early 1870s, and hasn’t surpassed it on a sustained basis since the 1820s and 1830s
Trump often cites President McKinley’s high tariffs as an inspiration, but during McKinley’s presidency (1897 to 1901) tariffs generated less than half the share of GDP that $700 billion would amount to now
We *just* learned that #SVB’s downfall was announcing it was raising equity without having buyers lined up, says @matt_levine.
So why would Credit Suisse’s biggest shareholder announce they would “absolutely not” put more money into the embattled bank? trib.al/aS9oy3I
After Saudi National Bank ruled out providing more assistance, #CreditSuisse closed down 24% at 1.697 Swiss francs per share, its lowest closing price on record trib.al/nnFD2F8