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Lori Loughlin’s youngsters stay enrolled in USC amid bribe scandal – NEWPAPER24

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Lori Loughlin’s youngsters stay enrolled in USC amid bribe scandal

2019-03-15 21:04:00


On Tuesday, the scheme’s mastermind, William “Rick” Singer, pleaded responsible to federal fees. Singer, founder and CEO of the Edge School & Profession Community, had cooperated with investigators within the probe.

Different mother and father who’ve been charged embody PIMCO CEO Douglas Hodge, now-former Hercules Capital CEO Manuel Henriquez, high lawyer Gordon Caplan and funding fund CEO Invoice McGlashan.

On Thursday, former San Francisco 49ers celebrity quarterback Joe Montana revealed on Twitter that his household had used Singer’s firm — however mentioned no fraud was concerned of their relationship.

Skilled golfer Phil Mickelson issued the same assertion.

It’s not clear what number of households with whom Singer had labored paid him for official faculty consulting providers.

However on a cellphone dialog recorded by the FBI, Singer mentioned that he helps “the wealthiest households within the U.S. get their youngsters into college” and that he had helped with 761 so-called “side-door” admissions for folks. In these instances, he mentioned, mother and father needed a assured admission to a sure college for his or her progeny versus hoping for the coed being admitted primarily based on their grades and legit check scores or by advantage of a big monetary donation to the varsity.

The fee to folks ranged from $200,000 to greater than $1 million.

The scandal has forged a highlight on one of many fastest-growing industries in schooling: faculty consultants. There at the moment are about 8,000 non-public instructional consultants within the U.S., up from 2,500 5 years in the past, based on the Unbiased Academic Consultants Affiliation.

School consultants say Singer was a nasty actor in an in any other case vital trade that helps information college students of their faculty course of.

Demand is hovering, for teenagers of youthful and youthful ages.

“Each different day I’ve a 2nd-grader or a Third-grader household calling me asking what can we do as a 2nd grader to assist with the faculty admissions course of,” mentioned Christopher Rim, founder and chairman of Command Schooling, a college-admissions consulting agency.

“I say there’s nothing we will do,” Rim mentioned. “The one factor so that you can do is let your youngster do what he needs to do. If he is fascinated by arts, ceramics, portray, music, let your youngster discover these passions or skills after which take it from there.”

Many advisors cost round $15,000 a 12 months, with others charging by the hour — some cost greater than $1,000 per hour. The most costly applications can run to tons of of 1000’s of {dollars}, consultants say.

Some estimates say that faculty consultants are utilized by as a lot as 25 % of scholars enrolled at non-public faculties.

Advisors say their focus helps youngsters determine what they need in a college, steering them to one of the best match and giving them a roadmap to get there.

The bull marketplace for consultants is anticipated to proceed, as a result of faculty acceptance charges are persevering with to shrink and since the standards for moving into high faculties stays opaque.

The acceptance price for Stanford College, one of many faculties Singer has admitted victimizing in his rip-off, was 20 % in 1994. Stanford’s acceptance price is now under 5 %.



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This Hong Kong start-up provides flat homeowners a hassle-free strategy to faucet the co-living development – NEWPAPER24

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This Hong Kong start-up provides flat homeowners a hassle-free strategy to faucet the co-living development

2019-03-19 05:36:49




In crowded Hong Kong, co-living operators have made good enterprise matching the wants of renters and landlords round shared residing ideas involving large areas.However a brand new entrant, which went reside earlier this month, is searching for to push into an space that has up to now been neglected: serving to younger folks supply housing in flats shared with a small variety of tenants.Michelle Chau Wang-yu, one in all 4 co-founders of the Chinese languagelanguage web site coliving.hk, which went reside on March 6, says her…

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Embattled pay TV operator i-Cable makes one other try to show round a decade of losses with Guangdong community tie-up – NEWPAPER24

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Embattled pay TV operator i-Cable makes one other try to show round a decade of losses with Guangdong community tie-up

2019-03-19 22:45:04




I-Cable Communications, Hong Kong’s largest pay TV operator, on Tuesday formalised a partnership with Guangdong Radio and Tv (GRT) that may permit it to air programmes to the Chinese language TV group’s clients.However analysts are circumspect about the advantages of the tie-up on i-Cable’s backside line, saying it’s unlikely to yield any long-term “materials” profit.Irene Leung Shuk-yee, chief working officer of i-Cable, mentioned that the take care of GRT additionally includes joint manufacturing of TV exhibits,…

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How AI, facial recognition applied sciences are revolutionising bodily safety in Asia – NEWPAPER24

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How AI, facial recognition applied sciences are revolutionising bodily safety in Asia

2019-03-19 22:00:15




The aged man contained in the doorway of the residential constructing, tucked in a tiny nook together with his cup of tea, crumpled newspaper and transistor radio, is a standard sight for residents in Hong Kong’s many high-rise flats.Often in his 60s or 70s, he’s generally the doorman, generally offers instructions, nearly all the time gruff, and is mostly tasked with guaranteeing safety for the constructing. He’s additionally an endangered species.“Younger individuals received’t wish to sit there studying a newspaper all day, and even…

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