Drop in Interest Rates Boosts Demand for Home Mortgages
Applications for U.S. home mortgages rebounded last week as interest rates pulled back for the first time in three weeks, fresh data show.
Applications for U.S. home mortgages rebounded last week as interest rates pulled back for the first time in three weeks, fresh data show.
With unemployment high and wages stagnant, now's a rough time to be entering the job market. Historically, when a harsh economy awaits, young people tend to run for cover in grad school. It's a smart strategy -- unless you pick the wrong field of study.
This week, researchers at Georgetown took the nation's humanities majors to task for making such unlucrative choices in college. But their report takes too shallow a look at the results of not becoming an engineer. Former Latin American Studies major Loren Berlin offers a wider take on the real value of a B.A. in the humanities.
For some time, investors who wanted to put their money where their morals were have chosen socially responsible investing -- steering their cash away from firms whose practices they disapproved of. Now comes impact investing, which uses invested funds to solve social or environmental goals and earn competitive returns, too.
Henry Kravis, billionaire co-founder of private equity outfit KKR, pledged $100 million to Columbia Business School, the largest gift in the institution%u2019s history.

















