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Jul 2, 2021 8 tweets 5 min read Read on X
Years ago, families paying up to £44k a year for elite private schools in the UK such as Eton could comfortably assume their kids had a very good chance of getting into world-class Oxford and Cambridge universities. That is no longer true ft.com/content/bbb7fe…
A 2018 study showed that just eight institutions accounted for more Oxbridge places than nearly 3,000 other UK schools combined. But Oxford and Cambridge are increasingly giving more credit to kids who have overcome barriers to get top grades ft.com/content/bbb7fe…
State schools are producing students with high scores, strong essays and interview training. International applicants are also on the rise ft.com/content/bbb7fe…
Cambridge director of admissions Sam Lucy has been asked so often why smart students are being turned down that she carries a chart that shows what has changed. Since 1981, annual applications to Cambridge have risen fourfold ft.com/content/bbb7fe…
At Eton, attended by 20 UK prime ministers including Boris Johnson, Oxbridge offers dropped by nearly half in recent years. An Oxford alumnus, whose Eton-educated son was rejected, claims ‘[Etonians] are at a disadvantage unless they are truly brilliant’ ft.com/content/bbb7fe…
‘The anger of wealthy, mostly white parents about losing the advantages they expected to be able to buy their children is part of a broader pattern of status anxiety among some sections of the British and American upper classes,’ says @brookeamasters ft.com/content/bbb7fe…
In the US, the 2019 ‘Varsity Blues’ admissions scandal exposed actors and private equity giants trying to buy their kids into Yale and Stanford, with faked test results and counterfeit athletic skills ft.com/content/bbb7fe…
‘[Parents] may be committed to broad notions of social justice,’ says former St Paul’s high master Mark Bailey. ‘Here is a situation where that aspiration cuts against them.’ Tap here to read more about UK private schools losing their grip on Oxbridge 👉 ft.com/content/bbb7fe…

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More from @FinancialTimes

Jun 16, 2023
Four FT pieces were recognised at the 2023 Awards for Editorial Excellence by the Society of Publishers in Asia. Read the winning works 👇 (1/5) Image
A shortage of heirs jeopardises Japan's family enterprises and threatens its economy. This engaging read by @Urbandirt, @SugiuraEri and @slodek earned an award for excellence in arts and culture reporting (2/5) ft.com/content/dc5c19…
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Eight alleged he sexually assaulted them.

Nine of them are telling their stories for the first time… twitter.com/i/web/status/1…
The incidents, which occurred between 1998 and 2021, included masturbating on a female entrepreneur after a business meeting and forcing a friend’s hand on to his penis ft.com/content/e5d143… twitter.com/i/web/status/1… Image
The FT once described Crispin Odey as ‘a large puppy in a pinstripe suit’. F​​or three decades he has reigned over London’s hedge fund scene.

At his firm, once one of Europe’s largest hedge fund companies, he found many of his targets ft.com/content/e5d143… Image
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Mar 31, 2023
🧵'Dare to fight' — Xi Jinping used the phrase recently to sum up China's new foreign policy. We break down Beijing's bid to shape the world around its own interests 👇(1/7) on.ft.com/42T0VXA
Xi has adopted a more assertive stance on foreign relations in the past decade, militarising artificial islands in the disputed South China Sea and becoming more aggressive towards Taiwan (2/7) on.ft.com/42T0VXA China has adopted a more assertive stance on foreign relatio
Since 2013, China has sent more diplomatic missions to the Middle East than the west. This month, it convinced Iran and Saudi Arabia to resume diplomatic ties after a seven-year rift (3/7) on.ft.com/42T0VXA Beijing achieved a notable diplomatic success recently by me
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Mar 22, 2023
🧵UBS executives have started trying to sell investors on the benefits of its $3.25bn shotgun marriage with Credit Suisse. Here's what the Swiss bank might look like after it fully takes over its defunct rival 👇 (1/6) on.ft.com/40lq9M8 Chart showing Credit Suisse's tangible book value per share
🏦 After the takeover, UBS would become the second-largest private bank in the world after Morgan Stanley, with $3.4bn of wealth management assets (2/6) on.ft.com/40lq9M8
👥 If UBS holds on to Credit Suisse's most valuable asset, its domestic bank, thousands of jobs could be threatened as branches are closed and duplicate administrative roles removed (3/6) on.ft.com/40lq9M8 Graphic comparing the employees Credit Suisse and UBS respec
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Mar 15, 2023
🧵 How is China's economy doing? We break down Beijing's first comprehensive overview of economic activity since it ended its zero-Covid rules in three charts 👇 (1/5) on.ft.com/3ZZiEdQ
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🚘 But there were some weak spots in the positive retail figures. China's car sales contracted 9.4% year on year in January and February, compared with growth of 4.6% in December (3/5) on.ft.com/3ZZiEdQ
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Mar 14, 2023
Silicon Valley Bank imploded last week under the strain of depositors pulling out their money in droves.

How did the chaos unfold? Here is a timeline of what happened 🗓
ft.com/content/56a8df…
Wednesday: Silicon Valley Bank, the US’s 16th-largest lender, said it lost about $1.8bn.

Customers got scared the bank would not be able to pay out their deposits and a bank run started ft.com/content/56a8df…
Thursday:
👉SVB’s share price fell 60%
👉The bank failed to raise capital
👉Customers withdrew $42bn in a single day ft.com/content/56a8df…
Read 7 tweets

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