How to calculate the true cost of college
Thursday was 'Decision Day' for many colleges and universities, when bright-eyed high school seniors finalize where they plan to spend their next four years. But fewer students are hitting campuses than before: College enrollment has dropped by 15 percent since 2010, and 40 percent of American adults now believe that a four-year college degree is 'not too or not at all important' to secure a well-paying job in today's economy. On the latest episode of 'Impromptu,' columnists Drew Goins, Molly Roberts and Heather Long discuss if college is still worth the sticker price, and if not, what better alternatives are out there.
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Boston Globe
2 hours ago
- Boston Globe
Canada commits billions in military spending to meet NATO target
But even if Canada is able to finally hit the 2 percent threshold, that is not likely to be enough to satisfy the United States or other NATO allies. Mark Rutte, NATO's secretary general, speaking in London on Monday, called on the alliance's members to make a 'quantum leap in our collective defense' by committing to significantly higher spending targets. Rutte wants members to commit to spending 5 percent of their gross domestic products on military and defense-related activities. Trump has called for a similar spending target. Advertisement Proposals for increased spending are likely to dominate the NATO summit meeting in The Hague this month, though Rutte has not set a timeline for his increased spending plan. Carney, speaking in Toronto, said that new geopolitical threats, advances in technology, and the fraying of Canada's alliance with the United States demanded an accelerated spending schedule. 'We stood shoulder to shoulder with the Americans throughout the Cold War and in the decades that followed, as the United States played a dominant role on the world stage,' he said. 'Today, that dominance is a thing of the past.' Advertisement 'It is time for Canada to chart its own path,' he added, 'and to assert itself on the international stage.' While Carney promised to increase spending by billions of Canadian dollars, he did not specify where the funds would come from. Government officials spoke mostly in broad terms about how the money would be used. Canada's economy is heavily dependent on exports to the United States, and Trump's tariffs have targeted key industries, including autos and steel. Some economists have warned that Canada could face a recession if the tariffs persist. Carney also said the country would no longer rely as extensively on American defense contractors to supply its armed forces, underscoring Canada's strained relations with the United States and focus on shifting away from its neighbor. The Canadian government said it would immediately add 9.3 billion Canadian dollars (about $6.8 billion) to its defense budget. That will raise total defense-related spending this year to CA$62.7 billion, slightly higher than the 2 percent NATO target. To get there, the government included CA$2.5 billion in spending related to 'defense and security' for other departments, including the Canadian coast guard, an unarmed civilian agency which is under the department of fisheries. Carney's spending pledge was welcomed by defense analysts. 'This is a long-overdue announcement,' said Margaret McCuaig-Johnston, a senior fellow at the Graduate School of Public and International Affairs at the University of Ottawa. 'This significant commitment is remarkable given how quickly they're going to have to move to make 2 percent by the end of the fiscal year.' But, she added, Carney will have to add further budget increases to fund all of the programs he is promising. Advertisement Carney laid out a long shopping list for the military, including 'new submarines, aircraft, ships, armed vehicles, and artillery.' He also said the military would add drones and sensors to monitor the seafloor in the Arctic, a vast region of the country that is becoming a source of competition among global powers such as Russia and China. But Canadian officials said that this year most of the spending would go toward things like increasing the pay and the benefits of armed forces members to help ease a severe recruitment crisis, and repairing broken equipment. Carney also said that money would be directed toward much-needed improvements, noting that three of the Royal Canadian Navy's four diesel submarines were not seaworthy. 'We will repair and maintain our ships, our aircraft, and infrastructure that for too long we allowed to rust and deteriorate,' the prime minister said. Other spending will focus on artificial intelligence and computer systems, as well as ammunition production within the country. Carney also said that Canada would look to buy more goods domestically or from allies other than the United States to equip its military. 'We should no longer send three-quarters of our defense capital spending to America,' he said. Carney said Monday that details about how the country's military needs would be financed would be revealed when a budget was released in the fall. 'Our fundamental goal in all of this is to protect Canadians,' he told reporters, 'not to satisfy NATO accountants.' This article originally appeared in
Yahoo
3 hours ago
- Yahoo
PA House passes bill requiring American-made steel in tax-payer funded projects
HARRISBURG, Pa. (WHTM) — The Pennsylvania House of Representatives passed a bill Monday requiring American-made steel for all tax-payer funded projects. State law already requires government projects to use American-made steel. However, H.B. 1018 would extend this requirement to private entities receiving public funds or tax incentives. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now 'This is one way to bring back good-paying, family-sustaining jobs – by leveling the playing field for hardworking people and industries that were economically steamrolled by unfair competition,' said Rep. Frank Burns (D-Cambria), who sponsored the bill. The bill, which is a part of Burns' larger 'American Made Jobs Plan,' passed the House 200-2. It will now move to the Senate for concurrence. Mexican aluminum, steel exporters say sales in US down 63% due to tariffs The bill comes as tariffs have driven down the demand for foreign-made steel. In February, President Donald Trump ordered a 25% tariff on Mexican and Canadian steel and aluminum imports. Exporters of Mexican steel and aluminum said that has led to a 63% drop in sales to the United States. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
3 hours ago
- Yahoo
Institutions profited after AUTO1 Group SE's (ETR:AG1) market cap rose €259m last week but retail investors profited the most
Significant control over AUTO1 Group by retail investors implies that the general public has more power to influence management and governance-related decisions A total of 11 investors have a majority stake in the company with 51% ownership 34% of AUTO1 Group is held by Institutions Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Every investor in AUTO1 Group SE (ETR:AG1) should be aware of the most powerful shareholder groups. And the group that holds the biggest piece of the pie are retail investors with 44% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). While retail investors were the group that reaped the most benefits after last week's 5.0% price gain, institutions also received a 34% cut. Let's delve deeper into each type of owner of AUTO1 Group, beginning with the chart below. Check out our latest analysis for AUTO1 Group Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. We can see that AUTO1 Group does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at AUTO1 Group's earnings history below. Of course, the future is what really matters. Our data indicates that hedge funds own 13% of AUTO1 Group. That's interesting, because hedge funds can be quite active and activist. Many look for medium term catalysts that will drive the share price higher. Cadian Capital Management, LP is currently the largest shareholder, with 13% of shares outstanding. Hkvv GmbH is the second largest shareholder owning 9.1% of common stock, and Coronation Fund Managers Limited holds about 5.0% of the company stock. After doing some more digging, we found that the top 11 have the combined ownership of 51% in the company, suggesting that no single shareholder has significant control over the company. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our data cannot confirm that board members are holding shares personally. It is unusual not to have at least some personal holdings by board members, so our data might be flawed. A good next step would be to check how much the CEO is paid. With a 44% ownership, the general public, mostly comprising of individual investors, have some degree of sway over AUTO1 Group. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. It seems that Private Companies own 9.1%, of the AUTO1 Group stock. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company. While it is well worth considering the different groups that own a company, there are other factors that are even more important. For instance, we've identified 3 warning signs for AUTO1 Group (2 make us uncomfortable) that you should be aware of. If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
