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By Alana AbramsonApril 5, 2017 12:22 PM EDTMost high school students dream of getting into even one Ivy League college. But one managed to get into all eight.New Jersey high school student Ifeoma White-Thorpe, a senior at Morris Hills High School, received acceptances to Harvard, Yale, Princeton, Dartmouth, Columbia, Brown, University of Pennsylvania, and Cornell, WABC reports. She was also accepted to Stanford.I was shaking, she told WABC. I was like, oh my gosh, oh my gosh, like this might be eight out of eight and I clicked it and it said Congratulations ; and I was like oh my goodness and then I was like, what did I say New Jersey teen accepted into all 8 Ivy League schools:
https://t.co/57qCxjCAHi pic.twitter/PiKncJPUtimdash; Eyewitness News @ABC7NY April 4, 2017White-Thorpe, who said she wants to study global health and biology, said she has not chosen which school she will attend, and that the decision will likely come down to financial aid.More Must-Reads from TIMEHow the Economy is Doing in the Swing StatesHarris Battles For the Bro VoteOur Guide to Voting in the 2024 ElectionMel Robbins Will Make You Do
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stanley cup So Good for YouYou Dont Have to Dread the End of Daylight SavingThe 20 Best Halloween TV Episodes of All TimeMeet TIMEs Newest Class of Next Generation LeadersWrite to Alana Abramson at Alana.Abramson@time Luvm Here s What Could Be Stopping President Trump From Striking Syria 鈥?for Now
A man walking past a ATM machine at the entrance of a bank in Beijing, Jan. 25, 2014Wang Zhao / AFP / Getty ImagesBy Michael SchumanFebruary 19, 2014 10:25 PM ESTTherersquo a ton of talk these days among
salomon economists a
hoka nd investors about shadow banking in China. The whole subject might seem a confusing mess of econo-babble taking place in a far-away country. But what is happening right now in Chinarsquo financial sector is among the most important developments in the global economy today. An expansion of risky and complicated financial practices in the
af1 worldrsquo second-largest economy has the potential to explode into a major economic crisis. How things play out will have a direct impact on all of us. If Chinarsquo economy destabilizes, shockwaves would be sent around the world that could dampen global growth and cost many their jobs. MORE: Global Investors Got High on Emerging Markets: Now for the Comedown Shadow banking can sound scary and complicated mdash; and in some of the financial maneuvers that go on, the details can get really complex mdash; but at a basic level, it isnrsquo;t all that nefarious or bewildering. Shadow banking arises based on the needs of the market mdash; linking those who need money with those who have it when the formal banking sector isnrsquo;t providing the funds. The term ldquo hadow banking is a basket for all sorts of lending and borrowing that are outside of the usual, traditional bank loan. Some of these practices ar
