🚫 California bans legacy admissions

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TOP STORY
🚫 California bans legacy admissions

Does legacy mean nothing to you, California?

Earlier this week, California Governor Gavin Newsom signed a new law banning legacy and donor admissions at private universities in the state.

Why? According to Assemblyman Phil Ting, the law makes college admissions "more fair and equitable" by focusing on hard work and not "the size of the check your family can write."

Oh, snap.

Will all private schools be affected? 

No, only private schools that still consider legacy and donor status, like USC and Stanford.

Schools affected by California's new law include:

• University of Southern California (USC)

• Stanford University

• Santa Clara University

• Claremont McKenna College

• Harvey Mudd College

What will this look like once it’s rolled out? 

Once rolled out, private schools in California can't consider legacy or donor status in admissions, and they’ll have to report each year to the California Legislature and the Department of Justice to show they’re following the law.

Is this normal? Yes, actually.

Virginia, Illinois, and Colorado have all passed bans for public institutions; Maryland banned it in 2023.

And if these California schools don’t follow the rules? (Hey, that rhymes!)

The attorney general can take legal action against them.

I guess the war on the nepo babies has officially begun in the Golden State.

ENTERTAINMENT
🔴 Netflix founder supports Kamala, loses millions of subscribers

In July, Netflix’s co-founder Reed Hastings decided to do what many billionaires like to do with their money: back a politician.

In Hastings' case, he chose to back none other than Vice President Kamala Harris with a cool $7 million for her campaign.

A harmless check, right? Well, apparently not. 

A few days after his donation was announced, Netflix cancellations nearly tripled.

On July 26, Netflix had its single worst day for cancellations in all of 2024.

Damn, all because of a donation. How’d it happen so fast?

This part’s actually pretty funny. 

After the donation was made public, Trump supporters launched a social media boycott campaign using the hashtag #CancelNetflix.

You see, guys, you can make a difference in the world with a simple hashtag.

WORD OF THE DAY

LOGISTICS
💰 Dockworkers strike costs $5b per day

Attention, US citizens: we might be in some really big trouble.

On the East Coast, dockworkers have gone on strike, pushing for better pay and protection from automation. 

Workers obviously don’t want to lose their jobs to robots, and they’re also frustrated that while they’ve been working hard, the shipping companies have been raking in huge profits.

It's only fair that the employees want a bigger share of the pie, right?

What’s the issue with dockworkers getting paid more?

• It's not an issue, for me at least; the imminent problem is that their strike could cost the U.S. and global economies billions of dollars.

• According to The Hill, “the strike could cost as much as $5 billion per day, and both exports and imports are likely to be affected.”

But it seems to be an issue on the East Coast.

Over on the West Coast, dockworkers have a completely separate union from East Coast workers. 

In fact, just last year, West Coast longshoremen agreed to a new six-year contract that included a 32% raise.

So I guess that settles it; the West Coast is officially the best coast.