Business Report: The Price Of Higher Education
KPBS anchor Susan Murphy and SDSU marketing lecturer Miro Copic discuss some of the week’s top business stories.
This week’s topics:
College admissions scandal
A federal investigation showed this week how much some parents were willing to pay to get their kids into prestigious universities. Authorities charged fifty people in a scheme in which wealthy parents allegedly paid an estimated $25 million in bribes to college coaches and other insiders to guarantee a spot for their children in elite schools. So, how does this admissions scandal affect the value of a college degree?
White House spending plan
President Trump proposed a record $4.7 trillion budget Monday. It would push the federal deficit past $1 trillion. The plan expects the national deficit to hit $1.1 trillion in the 2020 fiscal year, which would make it the highest in a decade.
San Diego real estate
A new report from US News shows San Diego ranks among one of the best places to live in California, based on weather, median salary and home prices. Plus another report from Trulia that shows San Diego has the second-most home price reductions in the nation for 2019.