3 mins read

UC’s $28 million system for pension payouts produced chaos, complaints

The University of California is one of the world’s most prestigious centers of higher education and cutting-edge medical, technological and social research. One assumes that its faculty and administrative cadre are saturated with extremely bright people. Nevertheless, UC has succumbed to a managerial disease that has afflicted other corners of state government — the chronic […]

7 mins read

Michael Burry’s Big Bets Still Move Markets—Even When He’s Wrong

Even when his calls miss, Michael Burry’s reputation keeps Wall Street watching his every move. Astrid Stawiarz/Getty Images Michael Burry earned a whopping $800 million by shorting the U.S. housing market ahead of the 2008 financial crisis. Whether the famed investor has made comparable money since then is far less clear. Still, his reputation endures. […]

1 min read

14 New Billionaires Who Joined the Giving Pledge in 2025

Pictured clockwise from top left: Drew Houston, Lisa Sonsini, Jim McKelvey, Bob Lurie, Glen Tullman, Noubar Afeyan, Craig Newmark, Cameron Adams. Photos:: Big Event Media, Craig Barritt, Ben Gabbe/Association of Magazine Media, Carlos Avila Gonzalez/The San Francisco Chronicle, Kimberly White/TechCrunch, Alex Kent, Arturo Holmes, Katie Jones/Variety for Getty Images The founders of Moderna, Canva and […]

4 mins read

A.I. Degrees Boom as Students Prepare for an Uncertain Job Market

Universities are rapidly expanding A.I. programs as students seek skills that can withstand an increasingly automated future. Photo by: Jumping Rocks/Universal Images Group via Getty Images When Chris Callison-Burch first started teaching an A.I. course at the University of Pennsylvania in2018, his inaugural class had about 100 students. Seven years later, enrollment has swelled to […]