Nic Querolo
@nquerolo
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@business reporter covering municipal bonds, state and local governments. [email protected], all views my own
New York, NY
Joined May 2011
I wrote about a penalty in the bond market that costs predominantly Black cities and counties millions when they borrow on Wall St. https://t.co/wB1sCUi3yI
bloomberg.com
Places like Memphis, where schools are crumbling, pay more when they borrow on Wall Street.
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New from me and @amanda_albright - an eye-popping loan is keeping Saint Augustine's, one of the oldest HBCU's in the country, afloat. For @business Gift link here:
bloomberg.com
A controversial, high interest-rate loan is helping one of the oldest historically Black colleges in the country, Saint Augustine’s University, stay afloat – for now.
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Remarkable: Little-known US schools are offering degrees that function as work visas in disguise — exploiting a chaotic immigration system and making millions. By @zachmider and @nquerolo. https://t.co/f2qeoEgrgu via @business
bloomberg.com
A gray area in immigration law has spawned a lucrative industry.
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@zachmider We estimate about 24,000 foreign graduate students were enrolled in schools offering Day 1 CPT in fall 2022, generating roughly $240 million of tuition revenue.
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@zachmider The programs and schools that offer them are well known to those who have confronted the increasingly long odds of winning the U.S. H1B lottery, but few outside those circles have ever heard of them.
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Today @zachmider and I published our investigation into Day 1 CPT, a type of work authorization loophole that's essentially a two-year visa disguised as a degree. Gift link here:
bloomberg.com
A gray area in immigration law has spawned a lucrative industry.
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NEW: Little-known US schools are offering degrees that function as work visas in disguise — exploiting a chaotic immigration system and making millions. w/ @nquerolo Gift link:
bloomberg.com
A gray area in immigration law has spawned a lucrative industry.
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Read The Big Take: Harvard’s vast wealth is getting attention from both politicians and local officials who are pushing for institutions to pay more. 🔗🎓: https://t.co/kmBTZFIgbO
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Every state we found that tracks teacher attendance in some way has seen it deteriorate in recent years
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✏️ New story from me out today about why teachers are almost universally calling out sick more than they have in recent history, and what the cost is for students, and school finances. Edited by @elizabeth_news for @business. https://t.co/LU2ToCnZTw
bloomberg.com
Las Vegas sits in one of the nation’s largest school districts that employs a small army of teachers - over 17,000 positions. On an average day last year, nearly a quarter of them weren���t in class.
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the piece about small colleges we worked on last year w/ @nquerolo, @danielle_moran, @andretartar and @rachaeldottle won the EWA award for data reporting and visualization - it took many people and pivot tables to get to the end result https://t.co/vIJxsNMu5o
ewa.org
See who won a category award from the 2023 Education Writers Association National Awards for Education Reporting.
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Moody’s downgraded Rider University’s credit rating deeper into junk, citing the New Jersey private college’s struggling finances https://t.co/9OjbcmQPY0 via @markets by @nquerolo
bloomberg.com
Moody’s Investors Service downgraded the credit rating deeper into junk for Rider University, a private college outside of Trenton, New Jersey, with about 3,700 students, citing the school’s strugg...
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Citigroup is shutting down its storied muni bond business. A huge deal in #muniland for US governments who consistently relied on the bank for financings both big and small. https://t.co/IQxt0kN73m by @jennysurane @sridinats
bloomberg.com
Citigroup Inc. will shutter its municipal business, one of the most dramatic moves yet by Chief Executive Officer Jane Fraser as she seeks to squeeze better returns out of the Wall Street giant.
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Economic and demographic forces are stacked against small US colleges: read @nquerolo and @danielle_moran's detailed data dive, after months of reporting (gift link 🎁: https://t.co/Tm0mYwi1K0)
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This data-driven story out today is a must-read to understand the stresses that smaller US colleges face amid dwindling enrollments and strained finances. A really impressive months-long reporting effort by @nquerolo @danielle_moran with super creative graphics by @mariepastora
Read The Big Take: Economic and demographic forces are stacked against small US colleges. A Bloomberg News analysis shows the number of institutions facing pressure was at the highest in at least 15 years in 2021. 🔗🏫👩🎓🧑🎓👨🎓🇺🇸: https://t.co/brCRTOJJWF
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When tiny Cazenovia College announced it was shutting its doors for good in late June, it became just the latest example of the mounting economic crisis facing countless private institutions in the US today. Story by @amanda_albright and me for @business
https://t.co/PXfbI09dLL
bloomberg.com
When tiny Cazenovia College announced it was shutting its doors for good in late June, it became just the latest example of the mounting economic crisis facing countless private institutions in the...
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Geoff Morrell, who reportedly was paid $120k/day by @Disney to run corporate affairs during a fraught 4-month stretch that included its fight with @RonDeSantis over the "Don't Say Gay" bill, has registered as a FOREIGN AGENT for the Saudis re: the @PGATour
https://t.co/4Ja2ryYNHd
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Affirmative action has hugely shaped corporate diversity programs -- and millions of peoples lives. What will happen when it (probably) goes away? Great story by @itskelseybutler w/ @clairesuddath and @nquerolo
https://t.co/8Sri5t7a6I
bloomberg.com
The Supreme Court’s imminent ruling will directly affect only colleges, but companies will feel the consequences, too.
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Huge news: In 2018, I published a @BW investigation into OneTaste, a sexual wellness company alleged to be a sex cult Today, federal prosecutors announced charges of forced labor against OneTaste founder Nicole Daedone & her deputy Rachel Cherwitz https://t.co/74AnMku1fm
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New from me an @MartinZBraun — a lot of munis will be coming to market in the coming weeks as @BlackRock unloads the portfolio of Silicon Valley Bank. With @MarkTannenbaum1 for @business #muniland
bloomberg.com
Silicon Valley Bank’s roughly $7 billion municipal bond portfolio could pose a challenge for BlackRock Inc. as it starts liquidating the failed bank’s securities, investors say.
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