Hot Trend

Youth Unemployment Rate in China Increases With a Record Number of College Graduates

Youth Unemployment Rate in China Increases With a Record Number of College Graduates

David O’Neill Asia, Hot Trend, Opinion

China is paradoxically entangled with an increasing youth unemployment rate and a shortage of workers, all the while producing the highest number of college graduates in its history. China has gone through numerous educational policy developments, especially since Deng Xiaoping opened the country’s economic door to foreign businesses in 1978. At the core, the policies have been deeply impacted by the country’s pursuit of rapid economic growth, and more recently, of a global foothold in science and technology. Accordingly, the government has pushed for having a higher percentage of its…

U.S. Universities To Divest Endowments From Chinese Entities

U.S. Universities To Divest Endowments From Chinese Entities

Joshua Gallagher Hot Trend, U.S.

A bill has been drafted in congress to push universities to divest their endowments from Chinese entities suspected of involvement in human rights violations. As a potential superpower, China has been attempting to extend its global influence with soft and hard power. The country’s attempt to spread its language and culture, as a part of its soft power, in the U.S. through Confucious Institutes has mostly been curtailed since 2018 with the growing anti-China sentiment under the Trump administration. On the other hand, its hard power has surprisingly been more…

Japanese Version of China Initiative Raises Questions for Universities

Japanese Version of China Initiative Raises Questions for Universities

Joshua Gallagher Asia, Grad Schools, Hot Trend

Earlier last month, Japan’s parliament passed an economic security bill to increase government oversight of science and technologies. Of the four broad areas the law is set to cover, securing and protecting research data and patents on advanced technologies is one of them. The Japanese government primarily introduced the law following its closest ally — the United States — to decouple technologically with China for security purposes. With the physical realization of Russia’s increasing aggression on the world stage through its invasion of Ukraine, the parliament had another great cause…

Business Schools Prepare Students To Fight Financial Crimes. Yet, Challenges Remain

Business Schools Prepare Students To Fight Financial Crimes. Yet, Challenges Remain

David O’Neill Career, Grad Schools, Hot Trend, Market Trends, MBA

The history of financial crimes likely stretches back millenniums starting with humanity’s use of monetary means. As civilizations modernized with laws to prohibit such crimes and to protect citizens, the fight against white-collar crimes has begun. However, to do so, not only knowledge of the law and legal system but also a profound understanding of finance is essential. Responding to a surge of scams, the enlarging underregulated cryptocurrency market, and Russian oligarchs’ continuous attempts to work around the international sanctions over the country’s invasion of Ukraine, finance faculties at business…

Increased Financial Crime Risks to Businesses From All Sides at an Unprecedented Time

Increased Financial Crime Risks to Businesses From All Sides at an Unprecedented Time

Joshua Gallagher Hot Trend, Market Trends, U.S.

With humanity experiencing one of the deadliest pandemics in the modern era, industries have adapted to the change with accelerated digital transformation and remote work, keeping a physical distance from each other. Unfortunately, criminals have also morphed their tactics and schemes to take illegal advantage of people’s good faith and financial interest. Ranging anywhere from financial scams and frauds to government imposters and cybercrime, not only individuals but also businesses have been targets of criminals. Especially for businesses, there are other financial crime risks other than financial scams, including but…

Increasing Marijuana Consumption by College Students — Benefits or Just Side Effects?

Increasing Marijuana Consumption by College Students — Benefits or Just Side Effects?

David O’Neill Hot Trend, U.S.

The debate on marijuana — anywhere from whether it is a gateway substance to more addictive and stronger drugs such as cocaine or heroin to whether it should be legalized for just medicinal or even recreational use — has always been fierce. With 19 states, two territories (Guam and the Northern Mariana Islands), and the District of Columbia legalized recreational marijuana, the debate and research on its effect on students have been growing in scale and numbers. As colleges are now returning to pre-Covid educational settings and teaching methods, changes…

The New “High Potential Individual” Visa in the UK Receives Criticism

The New “High Potential Individual” Visa in the UK Receives Criticism

Joshua Gallagher Europe, Grad Schools, Hot Trend, Opinion

Starting on May 30, recent graduates of top global universities are allowed to stay in the United Kingdom for a maximum of three years, with a new scheme called a High Potential Individual (HPI) visa. The applicants must have graduated from an eligible university within five years, and once accepted, college graduates will be allowed to stay for two years at most or three years for Ph.D. or other doctoral degrees. The government only briefly describes on their website what the new visa holders can and cannot do, and yet,…

The Future of Law School Admissions Without LSAT — or Any Standardized Tests — is in Sight

The Future of Law School Admissions Without LSAT — or Any Standardized Tests — is in Sight

David O’Neill Grad Schools, Hot Trend, U.S.

On April 25, 2022, the Strategic Review Committee of the American Bar Association (ABA) released a memorandum recommending law schools stop requiring standardized tests, such as the Law School Admission Test (LSAT) or the Graduate Record Examinations (GRE), for their admissions. Ever since its first administration in 1948, the LSAT has continuously exerted exceptional influence on many aspects of law schools. Unlike college admissions, standardized test scores (i.e., LSAT) have been the single most dominant factor for applicants to care for in their application process, followed closely by undergraduate GPA….

New Rules to Public Service Loan Forgiveness Allow 100,000 Borrowers To Be Eligible

New Rules to Public Service Loan Forgiveness Allow 100,000 Borrowers To Be Eligible

Joshua Gallagher Hot Trend, U.S.

On October 6 of last year, the Department of Education announced temporary changes to the Public Service Loan Forgiveness (PSLF) program as a response to the economic slowdown caused by Covid-19. The main change comes from expanded eligibility until the end of October this year, resulting in more than 100,000 borrowers now eligible with an estimated total of $6.2 billion in federal student loan cancellations. Currently, there are still many borrowers who have not yet been contacted for their changed eligibility status for debt relief. Although the department did not…

Nation Divided Over Biden’s Potential Student Loan Forgiveness Policy

Nation Divided Over Biden’s Potential Student Loan Forgiveness Policy

David O’Neill Hot Trend, U.S.

President Joe Biden is considering to release millions of students from their federal loan responsibility. However, the idea is not supported by all but rather objected to by some Americans as they perceive it as unfair. Will Bach, an Ohio-based financial advisor, is one of the objectors. He said, “While some may view this debt forgiveness as a slap in the face to people who were responsible and paid off their student loans, this is a bigger slap in the face to those Americans who never went to college.” Indeed,…