Corporate earnings season kicks off today with a report from the aluminum maker Alcoa. Analysts will be watching closely for signs of how the U.S. and global economy is faring.
Julia Coronado, chief economist with the investment bank BNP Paribas, joins Marketplace Morning Report host Jeremy Hobson to share her predictions on what to expect this season from corporate America.
Former British Prime Minister Margaret Thatcher died Monday at age 87. Known as the Iron Lady, Thatcher was the leader of Britain's conservatives from 1979 to 1990.
During her 11 years in office, she remade Britain and became an iconic figure for conservatives in her homeland and abroad. But Thatcher, who was 87, was also a divisive leader.
Despite many accomplishments during her 11 years in office, she was a divisive figure, and there is still much bitterness surrounding the woman who was dubbed the Iron Lady. Margaret Thatcher died Monday at age 87.
Also: Debate on gun laws continues in Washington; North Korea vows to shut jointly run factories; men's and women's college basketball championship games set.
A new report out today by the American Association of University Professors reveals a widening salary gap between public and private university professors. Given the dismal outlook of State budgets across the country, public universities will have to find a way to compete for talent with fewer resources than their private counterparts.
For a doctoral professor at public research university the average salary this year is $123,393. That same professor at a private university makes just over $167,118. It’s a gap that’s grown since last year.
John Thelin, author of The Rising Cost of Higher Education, says that disparity will have a profound impact on where professors chose to teach.
“Private and independent colleges and universities will be far more competitive and attractive to top academic talent,” Thelin says.
With education funding growing tighter, both public and private universities are offering fewer tenure-track positions. Saranna Thornton, one of the authors of the report, says this could lead to a pipeline effect.
“The best and brightest undergrads, we worry about people like that not even going into higher education,” Thornton says.
Instead, those graduates are could choose more lucrative careers in medicine, law and engineering.