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Universities and the social circuitry of finance -- Our new financial oligarchy -- Bankers to the rescue : the political turn to student debt -- The top : how universities became hedge funds -- The bottom : a Wall Street takeover of for-profit colleges -- The middle : a hidden squeeze on public universities -- Reimagining (higher education) finance from below -- Methodological appendix : a comparative, qualitative, and quantitative study of elites.
Book Synopsis Bankers in the Ivory Tower by : Charlie Eaton
Download or read book Bankers in the Ivory Tower written by Charlie Eaton and published by University of Chicago Press. This book was released on 2022-02-25 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Universities and the social circuitry of finance -- Our new financial oligarchy -- Bankers to the rescue : the political turn to student debt -- The top : how universities became hedge funds -- The bottom : a Wall Street takeover of for-profit colleges -- The middle : a hidden squeeze on public universities -- Reimagining (higher education) finance from below -- Methodological appendix : a comparative, qualitative, and quantitative study of elites.
From Pulitzer Prize–winning journalist Will Bunch, the epic untold story of college—the great political and cultural fault line of American life Winner of the Athenaeum of Philadelphia Literary Award | Longlisted for the PEN/John Kenneth Galbraith Award for Nonfiction | "This book is simply terrific." —Heather Cox Richardson | "Ambitious and engrossing." —New York Times Book Review | "A must-read." —Nancy MacLean, author of Democracy in Chains Today there are two Americas, separate and unequal, one educated and one not. And these two tribes—the resentful “non-college” crowd and their diploma-bearing yet increasingly disillusioned adversaries—seem on the brink of a civil war. The strongest determinant of whether a voter was likely to support Donald Trump in 2016 was whether or not they attended college, and the degree of loathing they reported feeling toward the so-called “knowledge economy" of clustered, educated elites. Somewhere in the winding last half-century of the United States, the quest for a college diploma devolved from being proof of America’s commitment to learning, science, and social mobility into a kind of Hunger Games contest to the death. That quest has infuriated both the millions who got shut out and millions who got into deep debt to stay afloat. In After the Ivory Tower Falls, award-winning journalist Will Bunch embarks on a deeply reported journey to the heart of the American Dream. That journey begins in Gambier, Ohio, home to affluent, liberal Kenyon College, a tiny speck of Democratic blue amidst the vast red swath of white, post-industrial, rural midwestern America. To understand “the college question,” there is no better entry point than Gambier, where a world-class institution caters to elite students amidst a sea of economic despair. From there, Bunch traces the history of college in the U.S., from the landmark GI Bill through the culture wars of the 60’s and 70’s, which found their start on college campuses. We see how resentment of college-educated elites morphed into a rejection of knowledge itself—and how the explosion in student loan debt fueled major social movements like Occupy Wall Street. Bunch then takes a question we need to ask all over again—what, and who, is college even for?—and pushes it into the 21st century by proposing a new model that works for all Americans. The sum total is a stunning work of journalism, one that lays bare the root of our political, cultural, and economic division—and charts a path forward for America.
Book Synopsis After the Ivory Tower Falls by : Will Bunch
Download or read book After the Ivory Tower Falls written by Will Bunch and published by HarperCollins. This book was released on 2022-08-02 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: From Pulitzer Prize–winning journalist Will Bunch, the epic untold story of college—the great political and cultural fault line of American life Winner of the Athenaeum of Philadelphia Literary Award | Longlisted for the PEN/John Kenneth Galbraith Award for Nonfiction | "This book is simply terrific." —Heather Cox Richardson | "Ambitious and engrossing." —New York Times Book Review | "A must-read." —Nancy MacLean, author of Democracy in Chains Today there are two Americas, separate and unequal, one educated and one not. And these two tribes—the resentful “non-college” crowd and their diploma-bearing yet increasingly disillusioned adversaries—seem on the brink of a civil war. The strongest determinant of whether a voter was likely to support Donald Trump in 2016 was whether or not they attended college, and the degree of loathing they reported feeling toward the so-called “knowledge economy" of clustered, educated elites. Somewhere in the winding last half-century of the United States, the quest for a college diploma devolved from being proof of America’s commitment to learning, science, and social mobility into a kind of Hunger Games contest to the death. That quest has infuriated both the millions who got shut out and millions who got into deep debt to stay afloat. In After the Ivory Tower Falls, award-winning journalist Will Bunch embarks on a deeply reported journey to the heart of the American Dream. That journey begins in Gambier, Ohio, home to affluent, liberal Kenyon College, a tiny speck of Democratic blue amidst the vast red swath of white, post-industrial, rural midwestern America. To understand “the college question,” there is no better entry point than Gambier, where a world-class institution caters to elite students amidst a sea of economic despair. From there, Bunch traces the history of college in the U.S., from the landmark GI Bill through the culture wars of the 60’s and 70’s, which found their start on college campuses. We see how resentment of college-educated elites morphed into a rejection of knowledge itself—and how the explosion in student loan debt fueled major social movements like Occupy Wall Street. Bunch then takes a question we need to ask all over again—what, and who, is college even for?—and pushes it into the 21st century by proposing a new model that works for all Americans. The sum total is a stunning work of journalism, one that lays bare the root of our political, cultural, and economic division—and charts a path forward for America.
Higher education is facing unprecedented stress. The combined effects of rising tuition, growing student debt and a challenging job market are raising serious concerns about the value of a college degree. At the same time, global competition and technological innovations are disrupting traditional educational models. Universities are under intense scrutiny as students, parents and legislators demand a more efficient, lower cost educational platform. No longer can universities expect to receive support with little accountability. Indeed, the insular ivory tower existence long cherished by universities is rapidly disappearing. This environment requires a radically different strategy, one that is guided by multifaceted leaders who not only understand academic culture but who also have a keen sense of business acumen. The purpose of this book is to both identify and analyze current challenges facing higher education and then to develop the requisite skill set for academic leaders to address them.Today's university requires leaders who not only understand and appreciate academic values, but who are also well versed in strategy, finance, human resources, external relations and fundraising. Some universities are looking outside academia to find leaders who possess the required background and experience. Faculty members strongly resist this external intervention but who among them is capable and willing to assume a leadership role? Most faculty members do not have the training, experience or even empathy to take on a leadership role, especially one confounded by the current mounting pressures. The discussion analyzes the tradeoffs facing a faculty member who is considering a leadership path and examines the strategies required to succeed in this rapidly changing environment.
Book Synopsis From Ivory Tower to Glass House by : Andrew Policano
Download or read book From Ivory Tower to Glass House written by Andrew Policano and published by . This book was released on 2016-01-15 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Higher education is facing unprecedented stress. The combined effects of rising tuition, growing student debt and a challenging job market are raising serious concerns about the value of a college degree. At the same time, global competition and technological innovations are disrupting traditional educational models. Universities are under intense scrutiny as students, parents and legislators demand a more efficient, lower cost educational platform. No longer can universities expect to receive support with little accountability. Indeed, the insular ivory tower existence long cherished by universities is rapidly disappearing. This environment requires a radically different strategy, one that is guided by multifaceted leaders who not only understand academic culture but who also have a keen sense of business acumen. The purpose of this book is to both identify and analyze current challenges facing higher education and then to develop the requisite skill set for academic leaders to address them.Today's university requires leaders who not only understand and appreciate academic values, but who are also well versed in strategy, finance, human resources, external relations and fundraising. Some universities are looking outside academia to find leaders who possess the required background and experience. Faculty members strongly resist this external intervention but who among them is capable and willing to assume a leadership role? Most faculty members do not have the training, experience or even empathy to take on a leadership role, especially one confounded by the current mounting pressures. The discussion analyzes the tradeoffs facing a faculty member who is considering a leadership path and examines the strategies required to succeed in this rapidly changing environment.
Across America, universities have become big businesses—and our cities their company towns. But there is a cost to those who live in their shadow. Urban universities play an outsized role in America’s cities. They bring diverse ideas and people together and they generate new innovations. But they also gentrify neighborhoods and exacerbate housing inequality in an effort to enrich their campuses and attract students. They maintain private police forces that target the Black and Latinx neighborhoods nearby. They become the primary employers, dictating labor practices and suppressing wages. In the Shadow of the Ivory Tower takes readers from Hartford to Chicago and from Phoenix to Manhattan, revealing the increasingly parasitic relationship between universities and our cities. Through eye-opening conversations with city leaders, low-wage workers tending to students’ needs, and local activists fighting encroachment, scholar Davarian L. Baldwin makes clear who benefits from unchecked university power—and who is made vulnerable. In the Shadow of the Ivory Tower is a wake-up call to the reality that higher education is no longer the ubiquitous public good it was once thought to be. But as Baldwin shows, there is an alternative vision for urban life, one that necessitates a more equitable relationship between our cities and our universities.
Book Synopsis In the Shadow of the Ivory Tower by : Davarian L Baldwin
Download or read book In the Shadow of the Ivory Tower written by Davarian L Baldwin and published by Bold Type Books. This book was released on 2021-03-30 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Across America, universities have become big businesses—and our cities their company towns. But there is a cost to those who live in their shadow. Urban universities play an outsized role in America’s cities. They bring diverse ideas and people together and they generate new innovations. But they also gentrify neighborhoods and exacerbate housing inequality in an effort to enrich their campuses and attract students. They maintain private police forces that target the Black and Latinx neighborhoods nearby. They become the primary employers, dictating labor practices and suppressing wages. In the Shadow of the Ivory Tower takes readers from Hartford to Chicago and from Phoenix to Manhattan, revealing the increasingly parasitic relationship between universities and our cities. Through eye-opening conversations with city leaders, low-wage workers tending to students’ needs, and local activists fighting encroachment, scholar Davarian L. Baldwin makes clear who benefits from unchecked university power—and who is made vulnerable. In the Shadow of the Ivory Tower is a wake-up call to the reality that higher education is no longer the ubiquitous public good it was once thought to be. But as Baldwin shows, there is an alternative vision for urban life, one that necessitates a more equitable relationship between our cities and our universities.
Fifty years after the beginning of the debate about the "general crisis of the seventeenth century," and thirty years after theodore K. Rabb's reformulation of it as the "European struggle for stability." this volume returns to the fundamental questions raised by the long-running discussion: What continent-wide patterns of change can be discerned in European history across the centuries from the Renaissance to the French Revolution? What were the causes of the revolts that rocked so many countries between 1640 and 1660? Did fundamental changes occur in the relationship between politics and religion? Politics and military technology? Politics and the structures of intellectual authority?
Book Synopsis Early Modern Europe by : Philip Benedict
Download or read book Early Modern Europe written by Philip Benedict and published by University of Delaware Press. This book was released on 2005 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fifty years after the beginning of the debate about the "general crisis of the seventeenth century," and thirty years after theodore K. Rabb's reformulation of it as the "European struggle for stability." this volume returns to the fundamental questions raised by the long-running discussion: What continent-wide patterns of change can be discerned in European history across the centuries from the Renaissance to the French Revolution? What were the causes of the revolts that rocked so many countries between 1640 and 1660? Did fundamental changes occur in the relationship between politics and religion? Politics and military technology? Politics and the structures of intellectual authority?
The inspirational story of how Nobel Prize winner Muhammad Yunus invented microcredit, founded the Grameen Bank, and transformed the fortunes of millions of poor people around the world. Muhammad Yunus was a professor of economics in Bangladesh, who realized that the most impoverished members of his community were systematically neglected by the banking system -- no one would loan them any money. Yunus conceived of a new form of banking -- microcredit -- that would offer very small loans to the poorest people without collateral, and teach them how to manage and use their loans to create successful small businesses. He founded Grameen Bank based on the belief that credit is a basic human right, not the privilege of a fortunate few, and it now provides $24 billion of micro-loans to more than nine million families. Ninety-seven percent of its clients are women, and repayment rates are over 90 percent. Outside of Bangladesh, micro-lending programs inspired by Grameen have blossomed, and serve hundreds of millions of people around the world. The definitive history of micro-credit direct from the man that conceived of it, Banker to the Poor is the moving story of someone who dreamed of changing the world -- and did.
Book Synopsis Banker To The Poor by : Muhammad Yunus
Download or read book Banker To The Poor written by Muhammad Yunus and published by Public Affairs. This book was released on 2003-10-16 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: The inspirational story of how Nobel Prize winner Muhammad Yunus invented microcredit, founded the Grameen Bank, and transformed the fortunes of millions of poor people around the world. Muhammad Yunus was a professor of economics in Bangladesh, who realized that the most impoverished members of his community were systematically neglected by the banking system -- no one would loan them any money. Yunus conceived of a new form of banking -- microcredit -- that would offer very small loans to the poorest people without collateral, and teach them how to manage and use their loans to create successful small businesses. He founded Grameen Bank based on the belief that credit is a basic human right, not the privilege of a fortunate few, and it now provides $24 billion of micro-loans to more than nine million families. Ninety-seven percent of its clients are women, and repayment rates are over 90 percent. Outside of Bangladesh, micro-lending programs inspired by Grameen have blossomed, and serve hundreds of millions of people around the world. The definitive history of micro-credit direct from the man that conceived of it, Banker to the Poor is the moving story of someone who dreamed of changing the world -- and did.
Financial collapses—whether of the junk bond market, the Internet bubble, or the highly leveraged housing market—are often explained as the inevitable result of market cycles: What goes up must come down. In Liquidated, Karen Ho punctures the aura of the abstract, all-powerful market to show how financial markets, and particularly booms and busts, are constructed. Through an in-depth investigation into the everyday experiences and ideologies of Wall Street investment bankers, Ho describes how a financially dominant but highly unstable market system is understood, justified, and produced through the restructuring of corporations and the larger economy. Ho, who worked at an investment bank herself, argues that bankers’ approaches to financial markets and corporate America are inseparable from the structures and strategies of their workplaces. Her ethnographic analysis of those workplaces is filled with the voices of stressed first-year associates, overworked and alienated analysts, undergraduates eager to be hired, and seasoned managing directors. Recruited from elite universities as “the best and the brightest,” investment bankers are socialized into a world of high risk and high reward. They are paid handsomely, with the understanding that they may be let go at any time. Their workplace culture and networks of privilege create the perception that job insecurity builds character, and employee liquidity results in smart, efficient business. Based on this culture of liquidity and compensation practices tied to profligate deal-making, Wall Street investment bankers reshape corporate America in their own image. Their mission is the creation of shareholder value, but Ho demonstrates that their practices and assumptions often produce crises instead. By connecting the values and actions of investment bankers to the construction of markets and the restructuring of U.S. corporations, Liquidated reveals the particular culture of Wall Street often obscured by triumphalist readings of capitalist globalization.
Book Synopsis Liquidated by : Karen Ho
Download or read book Liquidated written by Karen Ho and published by Duke University Press. This book was released on 2009-07-13 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial collapses—whether of the junk bond market, the Internet bubble, or the highly leveraged housing market—are often explained as the inevitable result of market cycles: What goes up must come down. In Liquidated, Karen Ho punctures the aura of the abstract, all-powerful market to show how financial markets, and particularly booms and busts, are constructed. Through an in-depth investigation into the everyday experiences and ideologies of Wall Street investment bankers, Ho describes how a financially dominant but highly unstable market system is understood, justified, and produced through the restructuring of corporations and the larger economy. Ho, who worked at an investment bank herself, argues that bankers’ approaches to financial markets and corporate America are inseparable from the structures and strategies of their workplaces. Her ethnographic analysis of those workplaces is filled with the voices of stressed first-year associates, overworked and alienated analysts, undergraduates eager to be hired, and seasoned managing directors. Recruited from elite universities as “the best and the brightest,” investment bankers are socialized into a world of high risk and high reward. They are paid handsomely, with the understanding that they may be let go at any time. Their workplace culture and networks of privilege create the perception that job insecurity builds character, and employee liquidity results in smart, efficient business. Based on this culture of liquidity and compensation practices tied to profligate deal-making, Wall Street investment bankers reshape corporate America in their own image. Their mission is the creation of shareholder value, but Ho demonstrates that their practices and assumptions often produce crises instead. By connecting the values and actions of investment bankers to the construction of markets and the restructuring of U.S. corporations, Liquidated reveals the particular culture of Wall Street often obscured by triumphalist readings of capitalist globalization.
Public research universities were previously able to provide excellent education to white families thanks to healthy government funding. However, that funding has all but dried up in recent decades as historically underrepresented students have gained greater access, and now less prestigious public universities face major economic challenges. In Broke, Laura T. Hamilton and Kelly Nielsen examine virtually all aspects of campus life to show how the new economic order in public universities, particularly at two campuses in the renowned University of California system, affects students. For most of the twentieth century, they show, less affluent families of color paid with their taxes for wealthy white students to attend universities where their own offspring were not welcome. That changed as a subset of public research universities, some quite old, opted for a “new” approach, making racially and economically marginalized youth the lifeblood of the university. These new universities, however, have been particularly hard hit by austerity. To survive, they’ve had to adapt, finding new ways to secure funding and trim costs—but ultimately it’s their students who pay the price, in decreased services and inadequate infrastructure. ? The rise of new universities is a reminder that a world-class education for all is possible. Broke shows us how far we are from that ideal and sets out a path for how we could get there.
Book Synopsis Broke by : Laura T. Hamilton
Download or read book Broke written by Laura T. Hamilton and published by University of Chicago Press. This book was released on 2021-02-16 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public research universities were previously able to provide excellent education to white families thanks to healthy government funding. However, that funding has all but dried up in recent decades as historically underrepresented students have gained greater access, and now less prestigious public universities face major economic challenges. In Broke, Laura T. Hamilton and Kelly Nielsen examine virtually all aspects of campus life to show how the new economic order in public universities, particularly at two campuses in the renowned University of California system, affects students. For most of the twentieth century, they show, less affluent families of color paid with their taxes for wealthy white students to attend universities where their own offspring were not welcome. That changed as a subset of public research universities, some quite old, opted for a “new” approach, making racially and economically marginalized youth the lifeblood of the university. These new universities, however, have been particularly hard hit by austerity. To survive, they’ve had to adapt, finding new ways to secure funding and trim costs—but ultimately it’s their students who pay the price, in decreased services and inadequate infrastructure. ? The rise of new universities is a reminder that a world-class education for all is possible. Broke shows us how far we are from that ideal and sets out a path for how we could get there.
Masterfully researched, and written in a straightforward style, Buy Gold Now makes a case for buying gold as protection against the rising risks of an unprecedented global currency crisis and as a profitable investment vehicle. Divided into five comprehensive parts, this reliable resource examines our country’s current financial situation from a historical perspective and addresses some of the alarming issues that many economists are currently pointing to with concern.
Book Synopsis Buy Gold Now by : S. McGuire
Download or read book Buy Gold Now written by S. McGuire and published by John Wiley & Sons. This book was released on 2008-05-23 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: Masterfully researched, and written in a straightforward style, Buy Gold Now makes a case for buying gold as protection against the rising risks of an unprecedented global currency crisis and as a profitable investment vehicle. Divided into five comprehensive parts, this reliable resource examines our country’s current financial situation from a historical perspective and addresses some of the alarming issues that many economists are currently pointing to with concern.
The Washington Century chronicles the hundred-year rise of the nation's capital as it grew to become the most powerful city in the world -- a story made vivid through the history of three very different families, each representing an essential aspect of Washington: the Cafritzes, headed by a real estate mogul and his consummate hostess wife; the Boggs family, a political force in the ultimate political town; and the Hobsons, lead by a prominent black activist and civic leader in the first black-majority American city. Veteran journalist Burt Solomon uses these families to explore everything from the customs of Washington's elite society to the expansion of the federal bureaucracy, the District's own struggle for self-governance, and the influential role that politics and, increasingly, lobbying have played in the city.
Book Synopsis The Washington Century by : Burt Solomon
Download or read book The Washington Century written by Burt Solomon and published by Harper Collins. This book was released on 2010-06-17 with total page 514 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Washington Century chronicles the hundred-year rise of the nation's capital as it grew to become the most powerful city in the world -- a story made vivid through the history of three very different families, each representing an essential aspect of Washington: the Cafritzes, headed by a real estate mogul and his consummate hostess wife; the Boggs family, a political force in the ultimate political town; and the Hobsons, lead by a prominent black activist and civic leader in the first black-majority American city. Veteran journalist Burt Solomon uses these families to explore everything from the customs of Washington's elite society to the expansion of the federal bureaucracy, the District's own struggle for self-governance, and the influential role that politics and, increasingly, lobbying have played in the city.
