For the first time in over a century, Cooper Union announces that it will begin to charge undergraduate students tuition.
Last year, The Cooper Union For The Advancement Of Science And Art publicly admitted it was in dire financial straits and raised the idea of charging tuition for the first time in 110 years. The students responded in an appropriate manner. But now as the specter of tuition becomes closer to reality the students took a more drastic option: Since Monday, eleven undergraduate students have expertly barricaded themselves inside the top floor of the New York college. They talk about what they want. They even get pizza. [more inside]
In 1783, John Jacob Astor set out for the United States with $25 and five flutes. Upon his death in 1848, he was the wealthiest person in the US, having amassed a fortune of at least $20,000,000, making him the third wealthiest person in American history (measuring wealth as a fraction of GDP). [more inside]