Plus, navigating the future of AI governance and how to fix what ails the Federal Reserve’s discount window.
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Brookings Brief

March 13, 2024

Depiction of college campus
Who uses legacy admissions?

 

Following the U.S. Supreme Court’s decision to end affirmative action in college admissions, there has been increased scrutiny on legacy admissions—the practice of giving special considerations to the relatives of alumni. Critics say this practice disproportionately benefits white students from wealthy backgrounds.

 

Much of the discussion and research on legacy admissions focuses on Ivy League and other highly selective schools, but these colleges enroll only a small share of students. How widespread is the practice of legacy admissions? Is it common among public colleges?

 

In a new report, Sarah Reber and Gabriela Goodman look at the data on admissions practices and share what they found.

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More research and commentary

 

Navigating the future of AI governance. On the latest episode of the TechTank podcast, Darrell M. West is joined by Steven Overly—host of the POLITICO Tech podcast—to delve into the intricacies of artificial intelligence (AI) legislation and regulation and how the AI landscape may evolve.

 

How to fix what ails the Fed’s discount window. The Federal Reserve’s discount window—through which it lends cash to liquidity-constrained solvent banks—is key to keeping credit flowing in the economy and avoiding financial crises when banks are under stress. David Wessel explains some proposals for making it more usable.

 
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