Wednesday, July 24, 2013

10 MBA Programs That Lead to the Most Student Debt

The U.S. News Short List, separate from our overall rankings, is a regular series that magnifies individual data points in hopes of providing students and parents a way to find which undergraduate or graduate programs excel or have room to grow in specific areas. Be sure to explore The Short List: College and The Short List: Grad School to find data that matters to you in your college or grad school search.

Students accepted into the business school of their choice can be prone to daydreams about glamorous careers and high wages.

A more realistic thought, though far less pleasant, is the idea of paying thousands of dollars a month in student loans. Students who get into the nation's top business schools may well go on to earn impressive wages, but some will also find themselves saddled with six-figure debt upon graduation.

[Get expert tips and advice on paying for business school.]

The average MBA program student debt load incurred for full-time MBA students graduating in 2012 was $49,619, according to data provided to U.S. News by 100 ranked schools. That figure climbs to $97,154 at the 10 schools where graduates incurred the largest MBA program student debt burden.

Full-time students can expect to have the highest debt load at New York University's Stern School of Business, where the average graduate owes $105,782.

Students can also anticipate owing six figures after graduation at the University of Virginia's Darden Graduate School of Business Administration, The Fuqua School of Business at Duke University and the Massachusetts Institute of Technology's Sloan School of Management.

Of the top 10 schools, all but one are among the top 16 business schools ranked by U.S. News. Students at the highly rated schools are often destined to make high salaries, which may be why students are able to take on such substantial debt.

At New York University's Stern, for example, students can expect an average starting salary and bonus of $133,919, according to data collected by U.S. News about 2012 graduates.

At the other end of the spectrum, Louisiana State University?Baton Rouge's E. J. Ourso College of Business reported the lowest debt load. There, full-time students graduate owing an average of $8,181.

These data include only the debt incurred by full-time MBA graduates to fund their graduate business school degrees.

Schools designated by U.S. News as Unranked were excluded from this list. U.S. News did not calculate a numerical ranking for Unranked programs because the program did not meet certain criteria that U.S. News requires to be numerically ranked.

The 10 business schools below graduated full-time students with the heaviest average debt loads in 2012, based on data reported by schools to U.S. News.

Business school (name) (state) Average MBA program indebtedness U.S. News b-school rank
New York University (Stern) $105,782 10
University of Virginia (Darden) $105,490 12
Duke University (Fuqua) (NC) $102,054 11
Massachusetts Institute of Technology (Sloan) $100,212 4
University of Michigan?Ann Arbor (Ross) $95,720 14
Cornell University (Johnson) (NY) $95,600 16
Yale University (CT) $95,235 13
Dartmouth College (Tuck) (NH) $94,512 9
Northwestern University (Kellogg) (IL) $88,740 4
Thunderbird School of Global Management (AZ) $88,195 88

Don't see your school in the top 10? Access the U.S. News Business School Compass to find data on employment rates, base salaries and much more. School officials can access historical data and rankings, including of peer institutions, via U.S. News Academic Insights.

U.S. News surveyed 448 schools for our 2012 survey of business programs. Schools self-reported a myriad of data regarding their academic programs and the makeup of their student body, among other areas, making U.S. News's data the most accurate and detailed collection of college facts and figures of its kind. While U.S. News uses much of this survey data to rank schools for our annual Best Business Schools rankings, the data can also be useful when examined on a smaller scale. U.S. News will now produce lists of data, separate from the overall rankings, meant to provide students and parents a means to find which schools excel, or have room to grow, in specific areas that are important to them. While the data come from the schools themselves, these lists are not related to, and have no influence over, U.S. News's rankings of Best Colleges or Best Graduate Schools. The indebtedness data above

Source: http://www.usnews.com/education/the-short-list-grad-school/articles/2013/7/23/10-MBA-programs-that-lead-to-the-most-student-debt?s_cid=rss:10-MBA-programs-that-lead-to-the-most-student-debt

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Options action suggests Apple earnings will not roil its shares

By Angela Moon and Doris Frankel

NEW YORK/CHICAGO (Reuters) - Apple Inc is not expected to show a big post-earnings swing when it reports fiscal third-quarter results after the closing bell on Tuesday, but this could also mean investors are under-hedged in case the company delivers a shock.

The options market is pricing in a potential move up or down of 4 to near 5 percent in Apple's stock price following the results. This is in line with a historic average move of about 4.3 to 4.4 percent over the past four quarters.

"Even though the implied move is relatively in line with historical movements, it is our belief that implied volatility is too high ahead of the announcement and that the stock will move less than expected," said Andrew Keene, president and founder of options trading firm KeeneOnTheMarket.com in Chicago.

Implied volatility measures the perceived risk of future stock movements conveyed by option prices.

"Google and Netflix both massively undershot their implied moves on earnings and we will be trading Apple expecting the same," Keene said.

Apple shares were down 0.8 percent at $422.82 on the Nasdaq early on Tuesday afternoon.

The stock's post-earnings moves have been all over the map in the last year: down 4.3 percent the day after earnings came out in July 2012, down 1 percent in October 2012, a 12 percent drop in January 2013, and no move in April.

"Normally what happens into an earnings event is that implied volatility will run higher as traders and investors look to protect themselves against any large moves in the stock. We did not see that this quarter," said Steve Place, founder of options analytics firm investingwithoptions.com in Austin, Texas.

The iPhone and iPad maker is expected to post a smaller quarterly profit and its financial report may come under intense scrutiny. Revenue is expected to come in flat, while earnings per share is expected to fall by 21 percent, according to Thomson Reuters data.

The implied volatility for the next 30 days for Apple stands at 29.4 percent, according to options analytics firm Livevol. That number compared with the same measure from the past seven earnings cycles is very low, said Ophir Gottlieb, managing director of Livevol Inc.

"This tells us that investors are not expecting large movements and they would be under-hedged if Apple earnings deviated significantly from what is expected," Place said.

Because of this, investors using short-term volatility strategies such as selling options to capture premium going into earnings are exposed to the risk of a larger-than-expected move in the stock compared with previous quarters, Place said.

"If history repeats, it suggests an options bet on a 4 percent move could prove disastrous from either the long or short volatility side," said Adam Warner, contributor at Schaeffer's Investment Research in Cincinnati, Ohio.

Once the most valuable company in the world, Apple's stock price has hovered between $400 and $450 for months, after dropping from record high around $705 in September 2012. The stock has lost nearly 20 percent of its value this year.

The intrinsic value of Apple is estimated at $728, way above the current share price, according to Thomson Reuters' Starmine.

(Editing by Matthew Lewis)

Source: http://news.yahoo.com/options-action-suggests-apple-earnings-not-roil-shares-190933245.html

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Video: Headlines: Pentagon has detailed plan for potential Syria military operation

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Source: www.cbsnews.com --- Tuesday, July 23, 2013
"CBS This Morning" takes a look at some of the day's headlines from around the globe. ...

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Tuesday, July 23, 2013

Ryan Braun accepts 65-game drug suspension

File-This Sept. 21, 2012 file photo shows Milwaukee Brewers Ryan Braun reacting while holding his elbow after missing his swing during a baseball game against the Washington Nationals at Nationals Park, in Washington. Braun, a former National League MVP , has been suspended without pay for the rest of the season and admitted he "made mistakes" in violating Major Leauge Baseball's drug policies. MLB Commissioner Bud Selig announced the penalty Monday July 22, 2013, and released a statement by the Milwaukee Brewers slugger, who said: "I am not perfect. I realize now that I have made some mistakes. I am willing to accept the consequences of those actions." (AP Photo/Jacquelyn Martin, File)

File-This Sept. 21, 2012 file photo shows Milwaukee Brewers Ryan Braun reacting while holding his elbow after missing his swing during a baseball game against the Washington Nationals at Nationals Park, in Washington. Braun, a former National League MVP , has been suspended without pay for the rest of the season and admitted he "made mistakes" in violating Major Leauge Baseball's drug policies. MLB Commissioner Bud Selig announced the penalty Monday July 22, 2013, and released a statement by the Milwaukee Brewers slugger, who said: "I am not perfect. I realize now that I have made some mistakes. I am willing to accept the consequences of those actions." (AP Photo/Jacquelyn Martin, File)

File-This Sept. 21, 2012 file photo shows Milwaukee Brewers Ryan Braun warming up before the first inning of a baseball game against the Washington Nationals at Nationals Park, in Washington. Braun, a former National League MVP , has been suspended without pay for the rest of the season and admitted he "made mistakes" in violating Major Leauge Baseball's drug policies. MLB Commissioner Bud Selig announced the penalty Monday July 22, 2013, and released a statement by the Milwaukee Brewers slugger, who said: "I am not perfect. I realize now that I have made some mistakes. I am willing to accept the consequences of those actions." (AP Photo/Jacquelyn Martin, File)

File-This Sept. 30, 2012 file photo shows Milwaukee Brewers' Ryan Braun walking off the field after striking out to end a baseball game in Milwaukee. Braun, a former National League MVP , has been suspended without pay for the rest of the season and admitted he "made mistakes" in violating Major Leauge Baseball's drug policies. MLB Commissioner Bud Selig announced the penalty Monday July 22, 2013, and released a statement by the Milwaukee Brewers slugger, who said: "I am not perfect. I realize now that I have made some mistakes. I am willing to accept the consequences of those actions." (AP Photo/Andy Manis, File)

(AP) ? Ryan Braun stood on a spring training field and proclaimed he was innocent of using banned testosterone.

"I would bet my life," he said back then, "that this substance never entered my body at any point."

Seventeen months later, he accepted a 65-game suspension from baseball and admitted, "I am not perfect. I realize now that I have made some mistakes. I am willing to accept the consequences of those actions."

The 2011 National League MVP was suspended without pay for the rest of the season and the postseason Monday, the start of sanctions involving players reportedly tied to a Florida clinic accused of distributing performance-enhancing drugs.

Attention quickly turned to who's next? Will Alex Rodriguez or any of the other players tied in media reports to the Biogenesis of America clinic get disciplined and, if so, when?

"I'm pretty sure Braunie won't be the last," Detroit All-Star outfielder Torii Hunter said. "It's going to be for the next 100 years, somebody's going to try to beat the system, and as long as they keep catching guys, the system works."

Braun, a five-time All-Star, accepted a penalty 15 games longer than the one he avoided last year when an arbitrator overturned his positive test for elevated testosterone because the urine sample had been improperly handled.

More than a dozen players were targeted by MLB following a report by Miami New Times in January revealing relationships between Biogenesis and major leaguers. When Yahoo Sports reported in February that Braun's name was listed in Biogenesis' record, Braun said his lawyer had retained clinic owner Anthony Bosch as a consultant. Braun issued a statement that said "I have nothing to hide."

MLB Commissioner Bud Selig announced Braun's penalty, citing the outfielder for unspecified "violations" of both baseball's drug program and labor contract. Braun's ban will cost him about $3 million of his $8.5 million salary. With the Brewers in last place in the NL Central, they aren't likely to have any playoff games for him to miss.

"I wish to apologize to anyone I may have disappointed," Braun said. "I am glad to have this matter behind me once and for all, and I cannot wait to get back to the game I love."

Under the agreement reached by MLB and the players' association the specifics of Braun's admission were not made public.

A person familiar with the deal, speaking on condition of anonymity because no statements were authorized, said 50 games of the penalty were connected to Biogenesis. The additional 15 games stemmed from Braun's actions during the grievance that overturned his positive test from October 2011. The suspension will count as a first violation of the drug program, the person said.

"I'm shocked, but people make mistakes every day," Yankees pitcher CC Sabathia said. "He'll serve his time but, hopefully, he'll be able to continue his career."

Union head Michael Weiner said last week that arbitration hearings for players contesting suspensions likely would not start until September, which would delay any penalty until next season. But he also indicated the union would urge players to make a deal and get a suspension over with if there was strong evidence of guilt.

"I am deeply gratified to see Ryan taking this bold step," Weiner said in a statement. "It vindicates the rights of all players under the joint drug program. It is good for the game that Ryan will return soon to continue his great work both on and off the field."

Braun's acceptance of the suspension marks a 180-degree turnaround from his defiant spring training news conference in Phoenix last year, after his 50-game ban was overturned.

"We won," he said then, "because the truth is on my side. The truth is always relevant, and at the end of the day, the truth prevailed."

The 29-year-old Braun was hitting .298 with nine homers and 38 RBIs this year, slowed by a thumb injury that limited him to one game between June 9 and Friday. He was at Miller Park before Monday's game against San Diego and addressed the Brewers, then left without speaking to reporters.

"He apologized," pitcher John Axford said. "Whatever else was said beyond that, I don't think we need to carry outside of the clubhouse."

Braun met with MLB investigators in late June. Baseball's probe was boosted when Bosch, who ran Biogenesis, agreed last month to cooperate with the sport's investigators.

The suspension is the latest in a string of high-profile drug cases across sports. Cyclist Lance Armstrong, a seven-time Tour de France winner, ended years of denials in January, admitting he doped to win. Positive tests were disclosed this month involving sprinters Tyson Gay, Asafa Powell and Sherone Simpson.

By serving the entire penalty this year, Braun gains a slight monetary advantage. His salary increases to $10 million next year, when a 65-game suspension would cost him about $500,000 more.

"We commend Ryan Braun for taking responsibility for his past actions," Rob Manfred, MLB's executive vice president for economics and league affairs, said in a statement. "We all agree that it is in the best interests of the game to resolve this matter. When Ryan returns, we look forward to him making positive contributions to Major League Baseball, both on and off the field."

Negotiations over penalties for other players haven't begun, according to a second person familiar with the probe, also speaking on condition of anonymity because no statements were authorized.

Rodriguez acknowledged using PEDs while with Texas from 2001-03, but has denied taking them since.

A three-time AL MVP, Rodriguez has been sidelined all season following January hip surgery and was hoping to be activated this week. A quadriceps injury developed while he played at Triple-A Scranton/Wilkes-Barre and caused him to remain on the disabled list. He is not expected at the Yankees' minor league complex in Tampa, Fla., until Wednesday.

Braun became the latest star tripped up by baseball's drug rules.

The sport was criticized for allowing bulked-up sluggers to set power records in the 1990s and only started testing in 2003. Since then, testing and penalties have become more stringent and last year San Francisco's Melky Cabrera was suspended for 50 games, just weeks after he was voted MVP of the All-Star game.

Four All-Stars this year have been linked in media reports to Biogenesis: Texas outfielder Nelson Cruz, San Diego shortstop Everth Cabrera, Oakland pitcher Bartolo Colon and Detroit shortstop Jhonny Peralta.

"I guess it is what it is," Cruz said of Braun's suspension. "I don't have any comment."

Other players tied to Biogenesis in media reports include Melky Cabrera, now with the Toronto Blue Jays, Yankees catcher Francisco Cervelli and Seattle catcher Jesus Montero.

"It's frustrating to know that there are people who have played on performance-enhancing substances against us," Los Angeles Angels pitcher C.J. Wilson said. "Whether it was this year, last year, couple years ago ? even the guys who got caught, it's not like they got tested the day that they started doing it, so I feel like this is the first domino to fall."

___

AP Baseball Writer Janie McCauley in San Francisco, AP Sports Writer Stephen Hawkins in Arlington, Texas, AP freelance writers Mark Didtler in Tampa, Fla., Joe DiGiovanni in Milwaukee, Jack Etkin and Mike Kelly in Denver, and Brian Sandalow in Chicago contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2013-07-23-Braun%20Suspended/id-a372c0aff92d44fbb2d401268a5e8c4f

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Stream Nation goes global, offers private video sharing with no playback limits

Stream Nation goes global, offers private video sharing with no playback limits

At some point, competition and catch-up should iron out many of the differences between rival cloud storage platforms. For now though, each option focuses on slightly different things, and Steam Nation's main specialism is private video streaming, which it has just made accessible to users in the US, UK and elsewhere. Unlike Flickr Pro or Dropbox, for example, there's no limit to the length or file size of a video clip that can be streamed to someone else's browser. The service's founder, Jonathan Benassaya, who also co-founded Deezer, says he originally designed it to help him share vacation videos with his family.

Then again, there are few hold-ups to consider: you need to install an uploader application to store photos and videos, unless you're grabbing them from Dropbox or elsewhere on the web, and from our experience the whole process is rather slow -- it took a good 20 minutes to encode a 90MB clip we brought over from Dropbox. Furthermore, you can only share a video with people who are also registered on Stream Nation, and you have to pay for anything over 2GB (or suffer the indignity of inviting all your Google contacts, which nets you a bonus 8GB). So yeah, this won't suit everyone, especially if they need unlimited space or if their friends and family are savvy enough to know what to do with a Dropbox link, but it might just come in handy.

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Via: LA Times, The Verge

Source: Stream Nation

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Video: Battle of Detroit

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Monday, July 22, 2013

Summer Baseball: Ashline, Hudson rally to victory

Jake Ashline?s bases-loaded walk with two outs in the sixth capped a 5-4 comeback win for Hudson Post 100 (13-5) at Zone 5B leader Medford on Saturday.

"This was a big win for us. We?ve struggled lately, to beat Medford definitely helps," said manager Blair Brisette, whose team controls its own playoff destiny with two games remaining.

Hudson trailed 4-3 after three innings, but Kevin Connelly hit an RBI double to score Jake Wardwell with no outs in the top of the fifth to tie the game before Ashline?s walk forced in Steve Rivela.

Post 100 got quality relief from Nick Borsari, who entered the game with two on and no out in the fifth inning and Post 100 already trailing 4-3. Borsari allowed just one hit and struck out four in thee innings for the win.

Wardwell finished 2-for-4 with two runs scored, while Ashline went 3-for-3 with a double and a run scored. Keith Diedrich went 3-for-4 with a double.

CHELMSFORD 7, NATICK 6 (12 INN.): Mike Abbruzzese?s two-RBI triple with two outs in the sixth forced extra innings, but Natick Post 107 (4-13) was outlasted by host Chelmsford.

Post 107 trailed 6-4 with two outs in the seventh before the triple by Abbruzzese, who finished 3-for-5 with three RBI. Jared Abbruzzese went 2-for-5 with a triple, and also pitched the last two innings. Adam Mooney went 2-for-5 with a double and an RBI.

Natick led 4-3 entering the sixth inning before Chelmsford rallied for three runs in the bottom of the frame, two of them unearned. Tosh Campbell started the game, with Brady Furdon coming in relief for the sixth through 10th innings.

SUDBURY 7, MALDEN 1: Marcus Otis threw five shutout innings and Andrew DellaVolpe had two RBIs as Sudbury rolled over Malden.

Sam Miller had two hits including a double for Sudbury (16-1), which has three games left including Sunday?s game against Reading.

Source: http://www.wickedlocal.com/sudbury/sports/x853692289/Summer-Baseball-Ashline-Hudson-rally-to-victory?rssfeed=true

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