#The Supreme Court won’t allow racial preferences at service academies, either

#The Supreme Court won’t allow racial preferences at service academies, either

The Supreme Court ruled earlier this year in Students for Fair Admissions v. Harvard that race-based college admissions are unconstitutional, overruling its precedent in Grutter v. Bollinger that upheld affirmative action in higher education admissions. Although the SFFA decision binds virtually all institutions of higher education, footnote four of the decision expressly excludes military service academies from the ruling, at least for now….

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#UAW, Ford reach tentative labor agreement

#UAW, Ford reach tentative labor agreement

United Auto Workers (UAW) and Ford reached a tentative labor agreement Wednesday, the union announced, ending six weeks of strikes at the company. The four-year, tentative deal includes a 25 percent wage increase over the course of the contract, with 11 percent coming in the first year. Cost of living increases could lift the pay…

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#Legendary investor sees recession by year end

#Legendary investor sees recession by year end

Bill Gross, the co-founder of Pacific Investment Management Co. (PIMCO), predicted that the United States will be in a recession by the fourth quarter. Gross said that he will buy futures that are connected to the Secured Overnight Financing Rate (SOFR). The Federal Reserve of New York defines the SOFR as “a broad measure of the cost…

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