Wealthy backgrounds lead to higher graduate earnings

May 3, 2021


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first_imgOn the issue of why those from wealthier backgrounds might do better than their peers in competition for the very highest earning jobs, the study offers suggestions but no firm answer. According to one postgraduate with experience in business and hiring processes however, “it remains an unfortunate reality that wealthy, influential families have connections that can give certain graduates an unfair advantage in hiring processes for highly-paid roles.” Jonathan Black, director of the Oxford Careers Service, highlighted the initiatives run by the university that aim to address any disadvantages brought about by household income or gender. He told Cherwell, “the Careers Service provides connections with alumni (to address any social capital deficits) for students, and training programmes are being introduced (eg, Springboard for women students) to address any confidence issues.“The Moritz-Heyman scholarships programme, which particularly targets students from low-income and disadvantaged backgrounds, includes as part of its support for on-course students funded internship opportunities that allow students to pursue valuable work experience while having their costs covered.”­­­ A recent study on graduate income has revealed that students from wealthy backgrounds go on to earn more than those from less well-off families. The findings of the report also indicate a disparity in the earnings of men and women, as well as differences based upon the course studied and institution attended by the graduate.The study was a collaboration between the Institute for Fiscal Studies, Institute of Education, University of Cambridge and Harvard University, with funding from the Nuffield Foundation. The Institute for Fiscal Studies’ (IFS) press release states ‘the average student from a higher-income background earned about 10% more than the average student from other backgrounds.’ Zoe Fannon, currently reading for an MPhil in Economics, told Cherwell, “the question in both cases is why individuals from less-wealthy families and female graduates seem to not end up in the high-paid jobs.” The disparity grew at the very top of the earnings spectrum. ‘The 10% highest-earning male graduates from richer backgrounds earned about 20% more than the 10% highest earners from relatively poorer backgrounds even after taking account of subject and the characteristics of the university attended. The equivalent premium for the 10% highest-earning female graduates from richer backgrounds was 14%.’ She was eager to address the information the study was based on and said “they only have data on the graduates who took out loans from the Student Loan Company.” As a result of how income thresholds are calculated, “the graduates from wealthy families are mostly people whose parents are professionals rather than people whose parents own companies or run hedge funds (because they would likely pay fees straight up rather than taking out a loan).” Oxford was no exception in the study. While ‘more than 10% of male graduates from LSE, Oxford and Cambridge were earning in excess of £100,000 a year ten years after graduation in 2012/13’ only LSE had over 10% of its female graduates earning above the same figure.last_img read more

Tumblr names Houghton Library blog to “New and Notable” list

March 1, 2021


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first_imgYahoo’s social networking website and micro-blogging platform Tumblr honored Houghton Library’s blog as one of its “New and Notable Blogs of 2013.” Houghton Library is the primary repository for rare books and manuscripts at Harvard University and is part of the Harvard College Library within the Harvard Faculty of Arts and Sciences. Its blog launched in June and displays digitized images from the library’s collection.The recognition is part of Tumblr’s “Year in Review.” For the review, Tumblr analyzed more than 150 million sites and 70 billion posts to collect and showcase the best of the Internet from 2013. Houghton’s blog is joined by 19 other honorees that include the White House, National Geographic and Financial Times.“I started the Tumblr because we digitize so much and I wanted to find a way to make it more discoverable,” said curator John Overholt. “The Tumblr is a great way in to the use of special collections for somebody who has a general interest in our materials but doesn’t know where to start. It gives a great feeling for the diversity of our holdings.”last_img read more

South Africa’s Eskom plans 1.4GWh battery storage tender, largest on the continent

December 31, 2020


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first_img FacebookTwitterLinkedInEmailPrint分享Greentech Media:South Africa’s utility Eskom is preparing to launch a tender for 1.4 gigawatt-hours of battery storage that will need to be installed by December 2021.The large-scale energy storage tender, the first of its kind in the country and in Africa as a whole, will be split into two phases, with an initial 200 megawatts/800 megawatt-hours of capacity to be built by December 2020, an Eskom official said.This first phase of implementation will be divided into four packages, and will be followed by 160 megawatts/640 megawatt-hours to be installed a year later, Prince Moyo, general manager for power delivery engineering at Eskom, said during a Wednesday webinar. The second phase will include 60 megawatts of solar to be integrated with the battery storage, along with an asset performance management system.The tender has already been approved by South Africa’s Ministry of Finance, Moyo said. The only ministry that has not yet signed off is the Department of Public Enterprises, Moyo added. That consent “has been escalated to the highest level,” he said, without committing to a launch date for the solicitation. “It’s imminent,” he said.Moyo called the battery tender “a flagship project” for Eskom, which supplies around 90 percent of South Africa’s electricity via more than 45 gigawatts of generation. “We are moving toward cleaner power,” he said.More: South Africa’s Eskom preparing first large-scale battery tender South Africa’s Eskom plans 1.4GWh battery storage tender, largest on the continentlast_img read more

East Trinity property owners have spectacular views across to Cairns

September 28, 2020


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first_imgArtist’s impressions of the proposed Mandingalbay Yidinji eco-cultural infrastructure tourism project at East Trinity reveals plans for a nature-based tourism venue complete with function facility, educational establishment, shop, boardwalks and a zipline tour. PICTURE: SUPPLIEDHOME to just a few hundred residents, the tranquillity and isolation is part of the attraction of East Trinity.The northern boundary of the suburb is the sparkling Coral Sea. It is bounded on the west by Trinity Inlet, Pine Creek in the southwest and to the east is the mountain ridge containing Mount Yarrabah, Mount Murray Prior, Mount Gorton and May Peak.In the 1960s the area now known as East Trinity was a natural wetland covered by mangroves.Its creeks — Hills, Firewood and Magazine — were considered good fishing areas.In the 1970s Colonial Sugar Refining Company (CSR) developed the East Trinity site for growing sugar cane. A rock levee — the bund wall — was built around the entire site to exclude salt water. Tidal gates were included on Hills and Firewood creeks to allow water to leave the site (but not to enter) and drainage systems were constructed to lower the water table and remove the salt. More from newsCairns home ticks popular internet search terms2 days agoTen auction results from ‘active’ weekend in Cairns2 days agoSoon after, cane farming was abandoned and the area is now surrounded by nature reserves.East Trinity property owners have some of the most spectacular views across Trinity Inlet to Cairns and beyond.With an abundance of bird and aquatic life, including crocodiles and fish, East Trinity has been earmarked as a location for an indigenous eco-tourism attraction.Developers said late last year work to secure a 30-year lease of the land they need is ­already well in progress.Mandingalby Yidinji Aboriginal Corporation spokesman Dewayne Mundraby said the organisation presented its ­vision and business case to Cairns Regional Council and was confident of its prospects.The $39 million project involves building three 33m-tall observation towers, zip line cables and other infrastructure across a 1.1km boardwalk at East Trinity, accessible by boat from Cairns.Visitors will be able to stay overnight in small tent-sized structures for a “sleeping with the crocs” experience on small floating jetties — out among nature but safe from an attack.last_img read more

With or without Chris Paul, Clippers vow to keep their edge for Game 2

August 26, 2020


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first_imgHOUSTON >> It was Tuesday afternoon and Clippers coach Doc Rivers was holding court with reporters in the team hotel the day after his team went into Toyota Center sans Chris Paul and walloped the Rockets 117-101 in Game 1 of the Western Conference semifinals.Not long before, Paul walked by with teammates. In practice gear. Even though the Clippers were not going to formally practice, they were headed down the street to the arena to do some shooting.To say Rivers was evasive as to whether Paul will play in Game 2 Wednesday night at 6:30, is an understatement. Paul suffered a hamstring injury on Saturday in Game 7 of their first-round series with San Antonio.“I actually didn’t ask, because we didn’t do anything,” Rivers said, when prodded for an update on Paul. “I know he’s going to try to get some shots up, I think, or something. But we’ll find out more tomorrow.” Based on what Blake Griffin’s comments, that seems unlikely because of what the Clippers gained in beating the defending champion Spurs over seven games, five of which were close.“Last night there was like 50 seconds left and we were up by like 11 and I was still like, ‘Come on, guys, we can’t rest yet,’” Griffin said, animatedly, Tuesday. “Going into the postgame interview, I felt like I was still on edge a little bit because those games were so close and every single mistake you make is costly.“I think that’s a big thing that we took away from that series.”That’s not all they took out of it.“We try to keep the exact same edge,” said Griffin, who Monday had his second consecutive triple-double and third of this postseason. “We haven’t accomplished anything yet. We won the first game last series and it went to seven games. “I don’t think we’ll be complacent at all. We shouldn’t be. I know they’re going to come out and play extremely hard.”Rivers conceded that at times teams will lose some of their edge after a victory like Monday’s. He’s confident his team will be focused. He knows Houston will be, for sure.“You know they’re going to have it,” Rivers said. “You know they’re going to play harder. That’s all the things (Houston coach) Kevin (McHale) and their whole team echoed yesterday, that they’ve gotta do a lot of things harder and better. And you have to expect that. And so we have to do it harder and better.”It would be easy to say if the Rockets cut down on their turnovers, they will have a better chance at winning Game 2.“These are professional athletes and the turnovers we had were seventh and eighth grade,” McHale said. “We jumped in the air with no one to throw it to and just threw it in the air. We have to be better.”But with 23 turnovers, they only had two more than the Clippers. Perhaps, Rockets forward Trevor Ariza said, they just have to show some spunk.“We’re going to see how tough we are and what type of team we are,” he said. “I have the utmost confidence in this team that we’re going to respond Wednesday.”It won’t be easy, because the Clippers are bent on going home up 2-0.“You’ve gotta get greedy,” guard J.J. Redick said. “We lost two at Staples Center in the last series, so you can never assume you’re going to win at home.” Rivers was asked go give odds.“Yeah, I have no idea,” he said. “I honestly don’t. I probably should have asked, but I didn’t think about it.”With reporters pushing hard, Rivers finally said Paul playing is a “50-50” bet.Rivers, with a straight face, said he had not at that point even talked to team trainer Jasen Powell about Paul.The other hot topic Tuesday was about not losing the edge after getting an improbable impressive Game 1 victory without their All-Star point guard.center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more