BUSINESS & FINANCE

The outrageously expensive world of college counseling services, explained

On Tuesday, the Department of Justice announced charges against 50 people, including a handful of famous actors, for allegedly participating in an elaborate scheme to get their children into top colleges. According to court documents, the parents paid hundreds of thousands of dollars — and in some cases, more than a million — to fake their children’s SAT and ACT scores, help them pose as successful athletes, and generally fudge their applications so they’d get into schools of their choice.

The high cost of college textbooks, explained

Hannah, a senior at a private university in New York City, can’t think of a single semester when she bought all the books she needed for her classes. “Even when I was studying abroad,” she said, “there was no way for me to get through the semester without dropping $500-plus on textbooks, which I couldn’t afford.”

Family Dollar was once considered “Amazon-proof.” Now it’s closing hundreds of stores.

This week, Dollar Tree Inc., the parent company of the budget stores Dollar Tree and Family Dollar, said it will close 390 Family Dollar stores in 2019. The news comes on the heels of the company trying to revamp these stores last year to make them more exciting for shoppers, but the closures signal how hard it is to turn around a struggling brand in today’s retail landscape.

Trump used charitable funds and a fake bidder to buy a portrait of himself. Here’s how the art market makes that possible.

Michael Cohen’s opening statement for his hearing before the House Oversight Committee Wednesday morning contained a litany of allegations against President Donald Trump. Among other things, Cohen claims, Trump violated campaign finance law, knew that members of his campaign were colluding with WikiLeaks, and — for some reason — once asked Cohen to hire a fake bidder to buy a portrait of himself that was being auctioned off in the Hamptons.

US joins other countries in grounding certain Boeing jets after a deadly crash

Following the lead of China, the member states of the European Union, and several other countries, the US has temporarily grounded all Boeing 737 Max 8 and 9 planes. The ban is a response to the crash of an Ethiopian Airlines flight headed from Addis Ababa, Ethiopia, to Nairobi, Kenya, on Sunday that led to the deaths of all 157 people on board. This is the second plane crash in less than a year involving this type of plane — a Boeing 737 Max 8 operated by the Indonesian airline Lion Air crashed into the sea last October, killing 189 passengers and crew members — raising questions about the safety of the planes, which are used by airlines around the world.

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