Mar 30, 2019

"Operation Varsity Blues" puts cutthroat admission rates in a new light

John W. Weeks Bridge, Harvard University. Image: Joe Daniel Price via Getty Images

Acceptance rates at top-tier schools involving the "Operation Varsity Blues" scandal — including Harvard, Yale and the University of Southern California — have sunk to record lows, prompting a fresh look at the pressure placed on prospective college students to get into school in an ultra-competitive arena, the NYT reports.

By the numbers: The current 11% acceptance rate at USC is the university's lowest ever, per the Times. Yale’s rate sank to 5.91% from 6.31% last year, from a record-high pool of 36,843 freshman students. Meanwhile, Harvard's acceptance rate fell to a record low of 4.5% this year, downsizing even more from last year's 4.6% rate.

Go deeper: Read our timeline on the biggest admissions scam in U.S. history

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What to watch in tonight's Democratic debate

Bernie Sanders at a campaign rally in Colorado. Photo: Helen H. Richardson/MediaNews Group/The Denver Post via Getty Images

Bernie Sanders is now the clear front-runner for the Democratic presidential nomination, and his opponents are ready to try to knock him down at tonight's debate in Charleston, South Carolina — especially Michael Bloomberg, who was the punching bag at the Las Vegas debate.

Why it matters: This is the last debate before Super Tuesday, when Sanders is expected to win California and Texas and could secure an insurmountable lead for the Democratic nomination. That's a direct threat to the entire field, but especially to Bloomberg, who skipped the early states to focus on the March 3 contests.

Bob Iger to step down as CEO of Disney

Photo: Jeff Kravitz/FilmMagic

The Walt Disney Company said Tuesday that it had named longtime Disney executive Bob Chapek as CEO Bob Iger's successor, effectively immediately. Iger will remain executive chairman of the company through 2021.

Why it matters: Iger is credited with having successfully turned around Disney’s animation and studio businesses and with the strategic acquisition of Marvel, Pixar, Lucasfilm and 21st Century Fox. Most recently, he was the person behind Disney's successful launch of its Netflix rival Disney+.

Go deeperArrowUpdated 3 hours ago - Economy & Business