Department of Education Cancels Nearly $4 Billion in Student Loans

On Tuesday, August 16, the United States Department of Education issued a press release stating its intent to discharge all federal student loans that borrowers received to attend ITT Technical Institute from Jan. 1, 2005, through its closure in September 2016, amounting to $3.9 billion in full loan discharges between 208,000 borrowers. This is the…

What Is the C-Suite?

What Is C-Suite? C-suite, or C-level, is widely-used vernacular describing the upper echelons of a corporation’s senior executives and managers. C-suite gets its name from the titles of top senior executives, which tend to start with the letter C, for “chief,” as in chief executive officer (CEO), chief financial officer (CFO), chief operating officer (COO),…

Apple (AAPL) Puts iPhone Subcontractor Wistron on Probation

Apple Inc. (AAPL) has completed a preliminary investigation into a large-scale worker riot at an iPhone assembly plant in India run by a key subcontractor in its international supply chainTaiwan-based Wistron Corporation (3231.TW). Unpaid wages have been a major grievance among workers. As a result, Apple has announced that it will monitor Wistron closely and…

Types, Examples, and Relationship to the Economy

What Is Human Capital? The term human capital refers to the economic value of a worker’s experience and skills. Human capital includes assets like education, training, intelligence, skills, health, and other things employers value such as loyalty and punctuality. As such, it is an intangible asset or quality that isn’t (and can’t be) listed on…

Racial Bias in Medical Care Decision-Making Tools

Racial bias in medical care can show up in some unexpected places. For example: Consider the clinical decision tools that play an important role in how today’s patients are tested, diagnosed, and treated. These tools contain algorithms, or step-by-step procedures, usually computerized, for calculating factors such as risk of heart disease, the need for a…