President Biden's student loan handouts have reached 4.3 million borrowers, totaling $153 billion in debt relief, with the Wharton School estimating the cost to taxpayers at over half a trillion dollars. The relief includes waiving interest and eliminating debt for long-term borrowers, with the majority of the cost attributed to interest waivers. Despite legal challenges, Biden remains committed to student debt cancellation, arguing that it will stimulate the economy.
Stanford Graduate School of Business has claimed the top spot in the 2023-2024 Poets&Quants MBA ranking, followed by Harvard Business School at second place. Dartmouth's Tuck School of Business secured third place, while Columbia Business School and Yale School of Management also had their best showings ever. The biggest surprise was Wharton's fall to 31st place, attributed to its absence from the latest Financial Times ranking and a drop in Bloomberg Businessweek's ranking. The composite ranking combines influential business school rankings, with weights given to each ranking's credibility.
Ethan Mollick, a management professor at the Wharton School, tested generative AI tools to see how much they could accomplish in 30 minutes. The tools managed to do market research, create a positioning document, write an email campaign, create a website, create a logo and “hero shot” graphic, make a social media campaign for multiple platforms, and script and create a video. Mollick writes that he would have needed a team and “maybe days of work” to do all the work the AI tools did in 30 minutes.
