On CNBC's Fast Money MBA Challenge, teams of business grad students duke it out. more >>

The University of Chicago will push out a historic barbershop whose customer list includes Muhammad Ali and Senator Barack Obama--but this is not a case of gown-against-town gentrification, the shop's owners insist. They support planned improvements to the street, they told the Chicago Maroon. more >>

Identity theft and imposture so good it's "pathological" are ingredients in the story of Esther Elizabeth Reed, who New York authorities say has stolen identities in order to attend California State University at Fullerton, Harvard, and now Columbia, where she enrolled as a graduate student under a missing woman's name for two years before she got caught, the New York Post reports . Two students from Harvard but none from the University of Chicago are members of this season's Beauty and the Geek cast, a fact that makes one Chicago Maroon editor very unhappy. more >>

University of Chicago students angry about their school's decision to abandon its "Uncommon Application" for the Common Application plan to stage a protest at noon today, a tipster tells Paper Trail. The student newspaper's editorial board supported the administration's move (with some reservations), but an online petition called "Save the Uncommon App!" had garnered 1,004 signatures as of this morning. more >>

The Federal Reserve is not an organization that advocates careless spending, but its own frugality may threaten a key piece of small-business research. Every five years, the Fed pays about $4 million to survey companies with fewer than 500 employees about where they get financing. more >>

The University of Chicago, proud home of the "uncommon application," may soon join the Common Application bandwagon, the Maroon reports. The student newspaper's editorial board said it supports the move, but one op-ed contributor says that's all just "symbolic of how the University of Chicago has lost its way. more >>