Education

Janet Yellen will deliver a keynote address during the University of Baltimore commencement ceremony this afternoon (when she will receive am honorary Doctor of Laws degree). The speech is expected to focus on the state of the jobs market and traders are watching for any hints on the Fed's direction heading into 2017.

Before she starts, with 3 hikes expected next year, here is the Fed Funds futures implications currently...

Headlines from her speech:

Princeton University has officially become the 3rd Ivy League School, joining Harvard and Columbia, to cancel a team's sports season after the discovery of what university officials called "vulgar, offensive, misogynistic and racist” emails on a team listserv.  The Daily Princetonian reported that the men's swimming and diving team had be suspended for the remainder of the season after the alleged "offensive" messages prompted an official complaint to be filed by an anonymous source. 

The U.S. Department of Education has just released it's latest ranking of international education systems (Program for International Student Assessment - "PISA") and performance of U.S. students just continues to deteriorate on both absolute and relative terms. 

The University of Oxford has joined many other bastions of liberalism in the U.S. who, in an effort to endlessly cater to our overly sensitive millennials, have urged students to ditch gender-based pronouns like "he" and "she" for the gender-neutral alternative "ze."  Per EAG News, Oxford's behavior code states that inadvertently using the wrong pronoun for someone is technically "considered an offense" while British gay rights activist Peter Tatchell said that giving people the gender-neutral "ze" option is just a "thoughtful, considerate move."

Submitted by Anthony Gockowski via CampusReform.org,

Students at the University of Pennsylvania removed a portrait of Shakespeare from a prominent location in the school’s English department after complaining that he did not represent a diverse range of writers.

In fact, the chair of the department confirmed in a statement that the portrait was stripped from the wall by his students as “a way of affirming their commitment to a more inclusive mission for the English department,” The Daily Pennsylvanian reports.