This university president is forced to resign after plagiarizing a speech

This university president is forced to resign after plagiarizing a speech

BREAKING NEWS BRIEF


The president of the University of South Carolina submitted his resignation this week after committing plagiarism over the weekend in a commencement ceremony speech. He took a large portion of his address from Admiral William McRaven, who previously served at the helm of the US Special Forces. 

“I was searching for words about resilience in adversity and when they were transcribed into the speech, I failed to ensure its attribution. I take full responsibility for this oversight,” he said in his resignation letter. 

In 2014, McCraven addressed University of Texas graduates with the following words: “Know that life is not fair and that you will fail often. But if you take some risks, step up when the times are toughest, face down the bullies, lift up the downtrodden and never, ever give up—if you do these things, then the next generation and the generations that follow will live in a world far better than the one we have today…”

Caslen copied the speech almost word for word, without attribution. 

What other embarrassing gaffe did students witness, and what are the next steps for the university?


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MARKET UPDATE


Analysis: What U.S. inflation signs would cause the Fed to change course?

Investors are on high alert for further signs of inflationary pressure that might push the Federal Reserve to raise interest rates as a result of a larger-than-expected rise in consumer prices in the United States.

Some investors revealed they believe the price index report released yesterday will not be enough to persuade the Fed to change course.

Investors are turning their attention to upcoming economic reports that could fill in the inflation picture, especially U.S. producer prices data for April later today.

Wholesale inflation is expected to increase, as it did in March.

The question among investors is, “How long are rates going to stay rock bottom?” said Quincy Krosby, chief market strategist at Prudential Financial.


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WEATHER UPDATE


A rare lunar eclipse will be really special for this part of the United States

A photo of the moon displaying a red color during an eclipse.
Image Source: Forbes / Getty Images 

Parts of the United States are in for quite the treat later this month, when a rare lunar eclipse will be on full display (weather permitting). 

While lunar eclipses are not extremely rare, a total lunar eclipse that is also considered a supermoon is, and that is what some people in the US will be able to see in just a few weeks. 

The moon will turn red during the eclipse on May 26, and it will be a more spectacular show than usual because the moon’s supermoon status will make it appear closer to Earth and larger than normal. 

While most of the US will see a partial eclipse, one part of the country will get to experience the first total lunar eclipse since 2019. So, which part of the country should have their eyes on the sky on May 26?


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EDUCATION


Twenty-five jobs that surprisingly don’t require a college degree

Studies have suggested clear correlations between attaining higher levels of education and employment rates, with 2020 data showing that more than two-thirds of young adults with a bachelor’s degree are employed. However, rising tuition fees, coupled with the prospect of spending years more at college, means tertiary education is not an option enjoyed by everyone.

Fortunately, excellent jobs are still available to those eager to kick-start their career with an enviable starting salary straight out of high school. Here are twenty-five such jobs for you to check out.


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SAVINGS SAVVY


To save or not to save: weighing the pros and cons of your bank account

A transparent dry-erase board says “save” and “spend” at opposite ends, with “money” in the middle.
Image Source: Creative Financial Help

Saving money is good. It’s even great! There’s no better feeling than watching your bank account grow.

Except, maybe, having fun (which unfortunately, can cost a lot of money). 

That’s why, as with everything, moderation is key.

But how do you decide what to spend and what to save? When do you order a fancy drink instead of water? When should you stop hoarding cash under the mattress?

Actually, on that last one, probably right now. But here’s how to decide on everything else.


More Saving Help

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Stay Informed, 

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Rex Jackson

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Rex Jackson
Writer & Editor of Brief Updates