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On March 21, the roughly 70 employees of the Schuler Education Foundation, based in the affluent suburb of Lake Forest, Illinois, were summoned to an emergency all-hands meeting. Over the past two-plus decades, the nonprofit founded and funded by a former president of healthcare giant Abbott Laboratories, Jack Schuler, had spent at least $150 million counseling and tutoring more than 1,800 low-income students from Chicago and Milwaukee-area high schools to help them gain admission to elite colleges; those colleges in turn covered most (if not all) of the students’ tuition and other costs.<br/><br/>The employees, who first had to certify they wouldn’t record anything, were let into a Zoom room where the nonprofit’s executive director Joanne Bertsch read from a script announcing that the foundation would shut down on May 24. Everyone would be let go except for a skeleton crew of seven college counselors left to support students through August. <br/><br/>0:00 Introduction<br/>0:15 How Our Reporters Found Out About Jack Schuler<br/>3:05 Reporting On The Schuler Foundation<br/>5:45 Losing Money In The Market<br/>8:50 The Role Of Healthcare Stocks<br/>12:23 The Impact On Students And Colleges<br/>16:05 How The Foundation Behaved As Their Investments Lost Value<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/giacomotognini/2024/04/16/inside-the-collapse-of-a-former-billionaires-foundation-for-low-income-students/?sh=b52a7d62f78b<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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WhisperSoft
⏲ 2 minutes 11 seconds 👁 5.3K
OMICRON Lab
⏲ 54 seconds 👁 168
European scientists are turning an aircraft into a laboratory that simulates lunar gravity to prepare astronauts and technology for future moon landings as part of the NASA-led Artemis missions. <br/><br/>The moon is a strange little world. Only about 1.2% the mass of Earth, our planet's companion exerts a much weaker gravitational force on objects on its surface than the parent planet. As a result, an astronaut on the moon's surface feels as if he or she only weighs one sixth of their earthly weight. The same goes for all equipment the astronauts would use. It may sound like no big deal but this feeble gravitational pull creates all sorts of unforeseen problems that are difficult to prepare for in research labs on Earth. There is, however, one way to experience lunar gravity while still in the confines of Earth and explore these challenges before going to the moon: in a parabolic flight.<br/><br/>Credit: Space.com | footage courtesy: European Space Agency/Novespace/NASA<br/>A Future Studios Production
⏲ 8:45 👁 515K
Dendi LIS
⏲ 3 minutes 2 seconds
ItsLanaBeso
⏲ 32 minutes 12 seconds 👁 18.8K
Freedom Law Chambers, the Attorneys representing the parents of eleven babies who died in the Neonatal Intensive Care Unit at the Port of Spain General Hospital between February and April, is accusing the North West Regional Health Authority of tampering with the medical records of at least one of its clients.<br/><br/> <br/><br/>The NWRHA said the 1st Certificate was issued immediately following the death of the neonate, based on the presentation of the symptoms, before the results of any tests were obtained and it was believed at that time that the blood culture would have returned positive so sepsis was indicated on the Certificate.<br/><br/>Subesquently the parents registered the birth of the neonate with the name Skiye Wilson...and the Death Certificate had to be amended to allow the death to be registered by the Registrar of Births and Deaths.<br/><br/>The parents went to the NWRHA on April 19th, however the doctor who filled out the 1st Certificate was not on duty to make the amendments on the original Certificate, so as is the usual practice a new Certificate had to be issued.<br/>By this time, the laboratory results were obtained and revealed all blood cultures to be negative for bacteria or fungi, so factually, sepsis was no longer a definitive cause of death, but now only presumed, given the neonate's symptoms.<br/><br/><br/><br/>Alicia Boucher has the details.
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Demented Practitioner
⏲ 3 minutes 37 seconds
Dunners Duke
⏲ 59 minutes 14 seconds
Learn how glaciers melt and contribute to seas rising in this animated explainer from NASA's Jet Propulsion Laboratory. <br/><br/>Credit: NASA Jet Propulsion Laboratory
⏲ 1:11 👁 135K
leetStreakDecode
⏲ 6 minutes 47 seconds
Jenny-UAdental
⏲ 1 hour 6 minutes 20 seconds
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