Coming Soon: A Chinese Version Of The Rhodes Scholarship

Starting in 2016, the Schwartzman Scholars program will pay for 200 students -- 45 percent of whom will be American -- to attend a one-year master's program at one of China's most prestigious universities.

What's the Latest Development?

On Sunday, Blackstone Group CEO Stephen A. Schwartzman announced the creation of a $300 million scholarship program that over the next 50 years will send 10,000 students to China's Tsinghua University for one all-expenses-paid year of graduate study. Beginning in June of 2016, 200 students -- 45 percent of whom will come from the US -- will participate in a summer-long cultural and language immersion program, and then attend courses leading to a master's degree in one of several business-critical disciplines, including economics and international relations.

What's the Big Idea?

Funded by Schwartzman himself along with big-name corporate donors, such as Boeing and BP, the scholarship represents yet another shift in world influence from West to East. For his part, Schwartzman says he wants to promote understanding between China and the rest of the world and to create future leaders who can "impact their countries' and China's destinies." Another motive is much more personal: He was turned down for a Rhodes Scholarship in 1969. That program, which has been bringing students to Oxford University since 1902, has an endowment that's currently worth about $203 million. 

Photo Credit:

Read it at The New York Times

Trusting your instincts is lazy: Poker pro Liv Boeree on Big Think Edge

International poker champion Liv Boeree teaches decision-making for Big Think Edge.

Big Think Edge
  • Learn to make decisions with the clarity of a World Series Poker Champion.
  • Liv Boeree teaches analytical thinking for Big Think Edge.
  • Subscribe to Big Think Edge before we launch on March 30 to get 20% off monthly and annual memberships.
Keep reading Show less

Your romantic partner is probably less intelligent than you think, suggests new study

Our egotism and self-confidence can sometimes spill-over to our loved ones.

Mind & Brain

It's now well known that many of us over-estimate our own brainpower. In one study, more than 90 per cent of US college professors famously claimed to be better than average at teaching, for instance – which would be highly unlikely. Our egos blind us to our own flaws.

Keep reading Show less

Here's when machines will take your job, as predicted by A.I. gurus

An MIT study predicts when artificial intelligence will take over for humans in different occupations.

Photo credit: YOSHIKAZU TSUNO / AFP / Getty Images
Surprising Science

While technology develops at exponential speed, transforming how we go about our everyday tasks and extending our lives, it also offers much to worry about. In particular, many top minds think that automation will cost humans their employment, with up to 47% of all jobs gone in the next 25 years. And chances are, this number could be even higher and the massive job loss will come earlier.

Keep reading Show less

Are you an overbuyer or an underbuyer?

One way to limit clutter is by being mindful of your spending.

  • Overbuyers are people who love to buy — they stockpile things as a result. These are individuals who are prone to run out of space in trying to store their stuff and they may even lose track of what — and how much of what — they have.
  • One way overbuyers can limit their waste, both money and space wise, is by storing items at the store, and then buy them when they really need them.
  • Underbuyers tend to go to extraordinary lengths to not buy things. They save money and do fewer errands, however, they often make do with shabby personal items. They may also, when they finally decide to go out to buy a product, go without entirely because the item may no longer be available.