Wall Street Week
Bloomberg Wall Street Week - September 20th, 2024
Sep 20, 2024
Explore the turmoil in higher education as rising costs clash with diminishing value, stirring student unrest. Dive into how British universities are grappling with funding and the need for innovation in a digital era. Discover Detroit's journey from automotive decline to revival, focusing on Ford's electric future and community investment. The challenges facing New York's restaurant scene post-pandemic highlight the need for adaptable leadership and strong connections, encapsulating the resilience of both industries in uncertain times.
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Quick takeaways
- The rising cost of higher education is prompting institutions like Purdue to adapt by freezing tuition and revising curricula to meet job market demands.
- The auto industry, represented by leaders like Ford's Jim Farley, must learn from past mistakes and cultivate community collaboration to restore economic pride and competitiveness.
Deep dives
The Rising Cost of Higher Education
The escalating cost of higher education raises questions about its value, particularly as tuition fees have increased significantly over the past few decades. For many students, like those at Purdue University, financial aid, grants, and scholarships are crucial for making college accessible. Mitch Daniels, the former governor of Indiana and current Purdue president, notes that the perception around college tuition is changing, with increasing consumer resistance leading to a demand for better value. This shift is prompting a reevaluation of traditional pricing models in higher education, and some institutions are beginning to close or downsize as they struggle to adapt.
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