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Who's Pressuring Colleges to Go Loan-Free?
Compiled by the DiversityInc staff
December 13, 2007
Who's Pressuring Colleges to Go
Loan-Free?
Harvard is one of the Ivies offering
loan-free educations to low- and middle-income families, a reprieve from high
tuition costs. So how are they able to do this? Smart investments. "Superb
investment returns have been generated by managers of the endowments of some of
the elite private universities, including Harvard, Yale," says former Major
League Baseball commissioner Fay Vincent in a column in The
Wall Street Journal. Increasing pressure from Congress has many universities
using their portfolio dollars and alumni donations to extend the welcoming hand
to low- and middle-income students.
(See also: Earn Up to $180,000 a Year? Now Harvard Is
Affordable for Your Kid and How You Can Get a Debt-Free Education at
Princeton or Yale)
Target Settles Race-Discrimination
Suit
Major retailer Target Corp.
will pay $510,000 to settle a race-discrimination lawsuit filed by the U.S.
Equal Employment Opportunity Commission (EEOC) in 2002 on behalf of four black
employees. The EEOC
alleged Target denied job interviews to three women and did not promote another,
despite her scoring higher on a test than the white person hired for the
position he sought.The EEOC further accused Target of not keeping proper records
of job applicants, reports the Milwaukee Journal
Sentinel.
(See also:
Who Is Being Sued? The Latest EEOC
Discrimination Lawsuits)
Ike Turner Dies at
76
Ike Turner, R&B songwriter and
bandleader, died Wednesday in his home in San Marcos, Calif. He was 76. Turner, best known for
discovering Anna Mae Bullock, whom he later renamed Tina Turner and married, had
a string of hits during the 1960s, including hits such as "Proud Mary." The couple later divorced in 1978 after
allegations of abuse. No known cause of death was announced, according to E!
Online.
Of Millions Donated, Veterans See
Only Pennies
Americans donated millions of
dollars to veteran charities designed to help troops wounded in
Iraq and
Afghanistan last year, but less than one-third
of that money actually reached the intended recipients, according to the
American Institute of Philanthropy and federal tax fillings. The 12 charities
rated as failing by the institute--including the Military Order of the Purple
Heart Service Foundation, the AMVETS National Service Foundation and the Freedom
Alliance--collected at least $266 million in the past fiscal year, reports The
Washington Post. The House Committee on Oversight and Government Reform will
hold its first hearing today.
Katrina Victims Protest City Plan to Destroy Public Housing
A New
Orleans city plan to destroy 4,000
public-housing units has many residents protesting and even threatening the
lives of city officials. Flyers littered the streets that read: "For Every
Public Housing Unit Destroyed, A Condo Will be Destroyed. If there will be no
homes for us, no relief from high rents, there will be no homes for the rich
either! Sincerely, The Angry and Powerless!" reports Black America
Web. The FBI is investigating the matter as a possible act of "domestic
terrorism."
(See also: Exclusive: FEMA Answers DiversityInc's Questions
on Racial Inequities and Racial Wounds Fester in New Orleans Two Years
After Katrina)
Lawsuit Alert! Contractor Alleges
Gang Rape by Halliburton Staff
Jamie Leigh Jones is accusing a
group of employees at Halliburton subsidiary KBR of gang-raping her in her dorm
room during the summer of 2005. Jones, told she would be out of a job if she
ever reported the incident, was working in
Iraq as an American contractor, reports
ABCNews.
Democratic presidential candidate Hillary Clinton is calling for a formal
government investigation and wrote letters to Secretary of State Condoleezza
Rice, Secretary of Defense Robert Gates and Attorney General Michael Mukasey, in
which she implored the matter be handled seriously.
(See also: Who Got Sued? Halliburton, Vonage, Merrill
Lynch)
More News Digest >>
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