The U.K. unemployment rate jumped 2.5 percentage points over 12-months starting in April 2008. It was an awful time to enter the job market, but London Business School grads were still able to thrive. Ninety percent of the Class of 2008 landed a job within three months of graduation. Those students entered school in 2006 with a median salary of $77,000, but five years out of school they were earning $214,000 (only Stanford Graduate School of Business alumni earned more in 2012). The strong financial payback propelled LBS to the top ranking among two-year International M.B.A. programs. The Best International 2-year MBA Programs Every two years, Forbes spends the year surveying alumni and schools as part of a business school ranking. We surveyed 17,000 alumni this year from the Class of 2008 on their finances and heard back from 27% of them. We compared their earnings in their first five years out of business school to their opportunity cost (two years of forgone compensation, tuition and required fees) to arrive at a 5-year M.B.A. gain(click here for detailed methodology). The median 5-year gain for LBS grads was $120,700. It marks the biggest 5-year gain of any two-year program in the world, topping the $99,700 gain at Stanford. Three one-year European programs had bigger gains, led by IMD, but they have a built-in advantage on ROI as 12-month programs because students only lose one year of compensation.
The craze was dreamed up earlier this year by French chef Dominique Ansel at his bakery in New York, but across the Atlantic it has taken on a life of its own. Jennifer Rinkoff, the fourth generation of her family working in their bakery in east London, claims to have been the first to import the doughnut-croissant into Britain. She worked for three days with a 100-year-old family dough recipe to perfect what she calls a Crodough — the name ‘Cronut’ already being under US trademark protection. Made from laminated dough — flattened and folded into countless layers — it is deep fried and then filled with a choice of custard, raspberry coulis or toffee apple crumble. RELATED: VICTORIA BECKHAM TWEETS FAKE CRONUTS, INVENTOR CORRECTS HER “I saw on Twitter that people were asking where they could get a Cronut in London,” she told AFP, as a queue began to form in the small bakery. “So I played with the dough and by the third day it was exactly how I wanted it.” Among those eying up the fresh, warm Crodoughs lining the counter was student Abi, 19, who heard about the phenomenon online. “We decided to hunt them out and they are just so tasty we had to have them. It’s like a custard explosion, like donut and croissant together — what more could you want?” she said. Rinkoff started off baking just a few Crodoughs as a trial, but now sells about 200 a day. “I wanted to inject a new trend into the business. I think it’s maybe more of a craze at the moment but I don’t think it’s a fad — I want it to be the next cupcake,” she said. High-rise mash-up In London’s fast moving culinary world, the moreish mash-up has already made its way from back-street bakery to high-rise dining. RELATED: CRONUT CRAZE HITS SHAKE SHACK WITH CRONUT HOLE CONCRETE At the Duck and Waffle restaurant, located on the 40th floor of the new Heron Tower sky scraper in the City of London, a Dosant has been added to the Sunday brunch menu. More recognisably a croissant, the Dosant is deep fried, rolled in caster sugar then stuffed with Chantilly lemon custard and sprinkled with chocolate. For those who can stomach its sickly sweetness, this heart-attack-inducing pastry has the lure of exclusivity.
Mayor of London Launches First Official Chinese Language Website Promoting London
The league announced Tuesday at its fall meetings that it was expanding its international series. It will be the most games the league has played abroad in one year. NFL WITH A BRITISH ACCENT ESPN.com looks at the possibility of an NFL franchise being based permanently in London: This season, Minnesota beat Pittsburgh 34-27 in September, and Jacksonville will host San Francisco on Oct. 27 as part of it’s four-year commitment to move a home game to Wembley. Dates and opponents for the games will be announced when the schedule is compiled next year. “Our fans in the UK have continued to demonstrate that they love football and want more,” said commissioner Roger Goodell, who has championed overseas games for years and someday believes the NFL will have a franchise based in London. “Both of this year’s games in London sold out quickly. The fan enthusiasm for our sport continues to grow. By playing two games in the UK this year, we are creating more fans. We hope that with three games in London next year we will attract even more people to our game.” The Raiders and Falcons never have played a regular-season game at Wembley. The Jaguars’ first appearance will be when they face San Francisco in 19 days. In other notes from Tuesday’s meetings: Several owners said the subject of changing the Washington Redskins ‘ nickname was not discussed in any formal way during Tuesday’s sessions. Goodell, who grew up in Washington as a fan of the team, said “by no means” was the name considered derogatory then. “But whenever you have a situation like this, you have to listen and recognize some people have different perspectives,” Goodell said of protests by American Indian groups about the nickname.
NFL to play 3 games in London
The number of Chinese people studying in London is rising, with a record 15,000 last year, making China London’s number one market for international students. Traditionally, a high percentage of the 15,000 Chinese students studying in the UK’s capital city opt for a Business Studies degree, but the trend is now changing. For example the number of Chinese students studying Creative Art and Design rose by 35% in 2012. The London universities believe the showcase will help each prospective Chinese student discover and decide the best option for them from the thousands available in London. The installation itself reflects the results realised by studying in a multicultural and global business and creative capital. Visitors can see films of London through the eyes of students, try out new music technology which is changing the world of performing arts, find out more about ground breaking research on disappearing languages or a cure for rabies using tobacco, whilst being mesmerised by a fountain that moves to live sounds from famous London landmarks. There is even a 3-D dinosaur skeleton scan which for the first time reconstructs the evolution of modern birds. Gordon Innes, CEO of London & Partners, the official promotional organisation for London, said: “London is having a record year. The number of Chinese people visiting us has doubled in just three years, and risen by another third this year alone. More than 90% of Chinese visitors said they felt welcome on their trip to Britain, and 95% said they would recommend a trip to others. We designed http://www.london.cn to show how London’s attractions, restaurants, shops and great cultural heritage is ready and waiting for them. And this website is just the beginning of our renewed focus on attracting and serving Chinese visitors.” Gary Davies, Chairman of the London Universities International Partnership, said: ‘We are delighted to be creating our first London Showcase in Beijing.