CNN Money's Maribel Aber has the latest business and financial news for Monday, June 2.
NEW YORK, NY (CNN) - CNN Money's Maribel Aber has the latest business and financial news for Monday, June 2.
Students at the University of Central Arkansas will see an increase in tuition and fees next year after the board of trustees approved 17 agenda items Friday morning. Undergraduate students at the Conway university will now face a 3.86 percent increase in tuition and fees, and graduate students will pay 3.71 percent more. A bond was also issued to pay for the design and construction of the Lewis Science Center building. The tuition increase will mean about $1.6 million in additional revenue and will help finance a 2 percent cost-of-living salary increase for all faculty and staff and a little more than $170,000 in faculty promotion and advancement costs, the university said in a statement.
It's not just rich, middle class and poor anymore. The middle class is barely treading water since the recent Great Recession, but the rich are back in a big way. And it's not just the 1%. It's the ultra rich -- the top 0.01% of earners -- that are really clobbering everyone else. In the mid-1980s the ultra rich -- those with a net worth of over $100 million -- owned just over 4% of the total wealth in the United States, according to a recent paper by University of California Berkeley economists Emmanuel Saez and Gabriel Zucman. By 2012, their share of the wealth nearly tripled, jumping to roughly 11%.
Imagine driving down the highway at 70 miles per hour, when suddenly the wheel turns hard right. You crash. And it was because someone hacked your car. It's not far-fetched science fiction. It's the near-term future today's hackers are warning about. Most people aren't aware their cars are already high-tech computers. And now we're networking them by giving them wireless connectivity. Yet there's a danger to turning your car into a smartphone on wheels: It makes them a powerful target for hackers. Interviews with automakers, suppliers and security advisers reveal a major problem with the new wave of "connected" cars: The inside of your car has ancient technology that presents a security risk.
Performing with rock stars, exploring the depths of the ocean floor, piloting fighter jets -- if the rich can dream it up, luxury concierges can make it happen. Companies like Bluefish, a Los Angeles-based concierge service that caters to super rich entrepreneurs, are in the business of making fantasies come true -- for those who can shell out thousands of dollars a year. The group, which has about 400 members, said it has gotten clients on stage to sing with Journey, into a submarine for a trip to the Titanic and on fighter jets for laser dogfights over the Mojave Desert.