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Midnight trading. Hush-hush commissions. Corrupt executives. The recent torrent of headlines about mutual-fund scandals provides ample cause for outrage among investors. But if you're wondering how badly the industry's shenanigans have damaged your wallet, the answer is, probably not much. A Stanford University study found that overnight arbitraging in funds cost investors more than $4 billion a year. That's hardly a drop in the bucket, but it was widely diluted in a fund industry with $7 trillion in assets under management...
...proposing tuition fees, Europe is taking a page from the American textbook on how to fund universities. In the U.S., students have a range of options, from state schools that charge only about $3,000 per semester to high-profile universities like Stanford, Yale and Harvard, where a year can cost over $30,000. But many schools offer financial assistance, study grants or work-study programs, and most students end up taking out low-interest loans to pay part of the cost. England already has the highest public-university tuition costs in Europe - €1,600 per year...
Currently, Asian American studies and ethnic studies programs flourish in colleges and universities across the country. Elite institutions such as Stanford, Columbia, Cornell and the University of Pennsylvania have all started successful programs, mostly through student activism and initiative. It is about time that Harvard lives up to its reputation as one of the leading academic institutions in the United States and the world by establishing greater academic opportunities in Asian American studies and other ethnic studies, thereby recognizing the valuable contribution such courses would bring to undergraduate education...
Victor Li is the presumed heir to the business empire of his father, billionaire Li Ka-shing, but he hasn't lost his taste for construction sites. The Stanford-trained engineer occasionally slips away from his deputy chairman's office at Cheung Kong Holdings to schmooze with fellow engineers at half-built apartment blocks. He brings that hands-on spirit to Cheung Kong and sister company Hutchison Whampoa. In addition to property, Hong Kong's biggest conglomerate controls third-generation mobile-phone networks in Europe as well as the world's largest port operation. In Hong Kong...
...Stanford University, for example, established a Comparative Race and Ethnicity Department under which its Asian-American Studies field for students falls...