An article by Sandisiwe Shoba, 17 April 2020, Daily Maverick
The first industrial revolution saw the emergence of the steam engine and iron and textile industries. Electricity, gas and oil, the telephone and telegraph, automobile and plane were introduced as part of the second industrial revolution. The third industrial evolution was the era of electronics, the computer and nuclear energy.
Article by Nelishia Pillay, University World News, 12 June 2018 Issue No:511
During his successful quest to win Pennsylvania’s 20 electoral votes, Donald Trump told the state’s voters that colleges are fleecing taxpayers and enriching Wall Street.
“What a lot of people don't know is that universities get massive tax breaks for their massive endowments,” he told a crowd in suburban Philadelphia. “These huge multibillion-dollar endowments are tax-free, but too many of these universities don't use the money to help with tuition and student debt. Instead, these universities use the money to pay their administrators, or put donors' names on buildings, or just store the money away. In fact, many universities spend more on private equity fund managers than tuition programs.”