Sep 1, 2018

College students are skipping meals to pay for textbooks

Textbook prices have skyrocketed over the past few years, which has led 71% of students to ask their parents for money, 41% to skip meals and 31% to take fewer classes to afford their reading material, according to a new survey by Morning Consult for Cengage, an online textbook company.

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Adapted with updated data from an American Enterprise Institute report; Chart: Axios Visuals

The big picture: The vast majority of current and former college students think their textbooks are overpriced and 85% said buying their books is at least somewhat financially stressful. Of the 1,651 current and former students surveyed, a majority told Morning Consult they didn't buy what was required, purchased outdated copies, or shared with classmates.

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Scoop: German foreign minister to travel to Israel with warning on annexation

Heiko Maas. Photo: Michael Kappeler/picture alliance via Getty Images

German Foreign Minister Heiko Maas is expected to travel to Israel next week to warn that there will be consequences if Israeli leaders move forward with plans to annex parts of the West Bank, Israeli officials and European diplomats tell me.

Why it matters: Israeli and European officials agree that if Israel goes ahead with unilateral annexation, the EU will respond with sanctions.

Minneapolis will ban police chokeholds following George Floyd's death

A memorial for George Floyd at the site of his death in Minneapolis. Photo: Steel Brooks/Anadolu Agency via Getty Images

Minneapolis has agreed to ban the use of police chokeholds and will require nearby officers to act to stop them in the wake of George Floyd's death, AP reports.

Why it matters: The agreement between the city and the Minnesota Department of Human Rights, which has launched an investigation into Floyd's death while in police custody, will be enforceable in court.

Better-than-expected jobs report boosts stock market

Data: Yahoo Finance; Chart: Axios

The S&P 500 jumped nearly 3% on Friday after a stronger-than-expected May jobs report showed that an economic recovery could be underway.

The state of play: Stocks have rallied since the worst of the coronavirus sell-off ended in late March and looked past a spate of ugly economic reports — not to mention civil unrest.