In a recently released educational survey conducted annually England stood at pole position as far as average tuition fees for undergraduate studies are concerned in the world of industrialized nations,though the Return on Investment or the ROI remains high due to the higher wages for graduates.
On an average, British undergraduate students had to shell out approximately £6,000 annually as tuition fees in the academic session of 2013-2014 after it was decided by the government to higher the upper ceiling of tuition fees by as much as three times, the survey conducted by OECD, an abbreviation for “Organisation for Economic Co-operation and Development” revealed .The US was the next most expensive place to study for under-graduates having £5,300 as tuition fees. In Japan it costs around £3,300 for doing the same according to OECD which is based in Paris and is comprised of 34 countries many of which may be considered to be prosperous.
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The latest storm to hit the universities in the UK is the fact that academicians are making more than £600,000 to the year while other members of the staff have had to deal with pay cuts. The pay packet and perks of vice-chancellors of various industries have spiraled “completely out of control” as put by a university union.
Recent requests for freedom of information by Daily Mail and the TaxPayers’ Alliance revealed that no less than 7,500 staff at UK universities had an income that exceeded £100,000 while professors and vice-chancellors made more than £600,000 per year for themselves.
The details reveal that many of these high pay officials work at universities that rely on undergraduate tuition fees for their income. One may cite the example of Neil Gorman who is the vice-chancellor of the Nottingham Trent University. He was paid £623,000 which was inclusive of a bonus of £250,000. Malcolm Gillies who was formerly the VC of London Metropolitan University made £618,000 which includes about £159,000 that was paid to him when he left.
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Each year a movie is released that blows all the other movies of the year away and set new records for the box office. The previous year “Transformers: Age of Extinction” grabbed the coveted position, a year before that it was “Frozen” and these were preceded by “The Avengers,” “The Dark Knight Rises” and so on and so forth
That is not to deny that it is so by design. As we know movies are a big business and the larger peers among the various movie studios are concentrating their energies on developing franchises. That results in lucrative installments and a whole set of consumer complementing peripherals like video games, toys, rides in theme parks as well as clothing. These provide a means of acquiring recurrent revenue for many years to come.
This year the hype surrounding the upcoming release of “Star Wars: The Force Awakens”, the seventh installment in the illustrious “Star Wars” Movie Franchise, is unprecedented as it is all set to hit the theatres in December. The extent of the hype may be somewhat gauged by the following set of figures and facts.
The trailer made its debut during the halftime of the football extravaganza- Monday Night Football aired on ESPN on the 19th of October was enough to overwhelm the game played. It generated 17,000 tweets to the minute and had no fewer than 2 million interactions on the popular social networking site Facebook. The following weak witnessed 50 million views on the video streaming service owned by Google- Youtube. The buzz was enough to steam up advanced sales to levels unprecedented at any time in the past. Consider this; sellers sold opening night tickets for the epic franchise for premiums as much as 500% on eBay. It can easily rank alongside large sporting events in terms of hype.