The cutting of education funds by individual states is a contributing factor to the skyrocketing costs of higher education, according to an official from the Center on Budget and Policy Priorities.
Consumer spending rose in the final quarter of 2013, beating out estimates by most economists.
The Department of Commerce reported this week that consumer spending increased by 0.4% in December, after a 0.6% increase in November.
According to Reuters, economists surveyed by the news agency had predicted that the economy would grow by 0.2% in December.
Facebook posted a 76% growth in advertising revenue in the final quarter of 2013, a number that surprised Wall Street experts, according to multiple news sources.
The increase, according to Forbes, is primarily the result of better advertising pricing. The Facebook mobile platform is also gaining in popularity, with record revenue growth in the fourth quarter.
JPMorgan announced this week it will give $1 million to schools to improve higher education courses for United States military veterans.
In a press release, Maureen Casey, the director of military and veterans affairs for JP Morgan, said the money is meant to help veterans make the transition from serving their country in a military capacity to the working world.
Jobless claims fell by 2,000 in the first full week of January, according to numbers released this week by the U.S. Department of Labor.
The total number of weekly applications for benefits fell to 326,000, the lowest in six weeks.
Its the latest in the a host of positive economic news in the past month – with the possible exception of the unemployment numbers, which showed only a gain of 75,000 in December 2013.
A majority of United States economists who work for private companies are optimistic about the country’s economy in 2014, according to a new survey released this week.
The survey, from the National Association for Business Economics (NABE), found that more than 40% of economists working for U.S. companies said they expect firms to raise prices for the first time since 2012 and that the overall economic outlook is improving.
Part of the recent White House summit on making higher education more fundable was driven by the theory of “undermatching” – the idea that high-achieving low-income students should strive to gain entry into elite academic institutions rather than local community or public schools.
Japan-based Toyota retained it lead in global vehicles sales in 2013, outselling General Motors and Volkswagen.
Toyota sold 9.98 million vehicles around the world in 2013. The company is forecasting that it will sell more than 10 million vehicles in 2014, which would be the first time the company ever surpassed that mark. The Toyota sales numbers include sales from Hino Motors and Daihatsu Motor Company, which are owned by Toyota.
A new film from documentary filmmaker Andrew Rossi investigates whether higher education is really worth the effort and cost of attaining a degree.
The film, “The Ivory Tower,” is directed by Andrew Rossi, who is best-known for his documentary, “Page One: Inside the New York Times,” about the disruption of the newspaper business by the Internet.
The wealthiest 85 people in the world have more money than the combined holdings of the 3.5 billion people who make up the poorest half of the world’s population, according to a new report.
The report illustrates why the World Economic Forum (WEF) finds income disparity to be one of the greatest risks to the global population in the next year or two. The WEF projects that increased disparity will undermine social stability worldwide.