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Struggling to Keep Black Students
He added that, thanks to its truly holistic applicant review process, Berkeley gets more black students from Los Angeles than UCLA does. In an attempt at objectivity, UCLA gives each application to three readers. Two admissions staff members score each application based on traditional academic numbers. A third, who is a volunteer — often a high school counselor or retired faculty member — scores the application for personal achievements outside the classroom and life challenges. The three scores are then used to place the applicant on a three-dimensional matrix. Groups of applicants in the matrix, or “cells," are ultimately chosen for admission. Hunt said that the latter two categories don't often significantly change a student's placement in the matrix. “Academic record drives everything," he said. More>>
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US: General Motors to offer more job buyouts
US auto sales are at their lowest level in nine years. The company had to write down $39 billion from its balance sheet in the third quarter of 2007 and GMs stock is down about 50 percent since its high in mid October. Further, GMs financial arm GMAC Financial Services, in which it holds a 49 percent stake, has been hit hard by the mortgage lending crisis. However, GM share prices rose 3 percent on Friday after Wagoners announcement of the buyouts and anticipated cost savings. Wall Streets confidence in GM is largely based on the continuing collaboration of the UAW in forcing the impact of the crisis of the US automakers onto the shoulders of workers.
The UAW justified the massive concessions it made in the 2007 auto contract negotiations on the grounds that they were necessary to secure job security. More>>
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Why Mortgage Life Insurance is Not a Good Idea
(ARA) - If you've recently taken out a mortgage, brace yourself for the onslaught. Before you even finish unpacking, your mailbox will likely be filled with offers for all kinds of services. Obtaining a mortgage has traditionally been a trigger for life insurance agents and firms to begin marketing life insurance to the borrower. After all, the mortgage is of public record, and "mortgage leads" are peddled to life agents like candy."I've been in this business for almost 20 years, and I'm still waiting to see a 'mortgage' life insurance product that was a good value," says Byron Udell, founder and CEO of AccuQuote,a Web-based life insurance company. . More>>
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