President Biden and members of Congress have offered several proposals to lower Americans' $1.6 trillion in outstanding student debt. As a group, these proposals could reduce outstanding student loans by one third. The proposed relief includes outright federal student loan forgiveness of at least $10,000 per borrower, the ability to discharge student debt in bankruptcy, the elimination of tuition debt incurred by low- and middle-income workers who attended public institutions, reducing, for low-wage workers, the share of income payable under income-driven student loan programs and annual loan forgiveness for those working in public service jobs. There are also proposals to make community college free, to make public colleges and universities tuition-free for students with low- and middle-income parents and to double federal Pell Grants, which provide grants to students from poor families. … [Read more...] about A smarter and fairer student loan fix
Debt fixed income markets
Biden readies moves to get checks and food aid to low-income Americans — plus a federal pay raise
And the President is asking the agency to look into revising its Thrifty Food Plan, which is the basis for determining food stamp benefits, to better reflect the current cost of a healthy basic diet. The calculation was established in the 1970s, and advocates say it makes unrealistic assumptions about food affordability and availability, as well as about the time families have to shop and prepare meals. … [Read more...] about Biden readies moves to get checks and food aid to low-income Americans — plus a federal pay raise
Students could be saddled with debt into their SIXTIES: Tuition fees should be slashed to £7,500 but only if graduates repay cost of their degree until they retire, review says
'We question the justification for a system which excludes so much of a borrower's earnings from any repayment and which helps to reinforce the 'no win, no pay' element.' … [Read more...] about Students could be saddled with debt into their SIXTIES: Tuition fees should be slashed to £7,500 but only if graduates repay cost of their degree until they retire, review says
CORSIA: World’s biggest plan to make flying green ‘too broken to fix’
A report by the NewClimate Institute for the German Environment Agency in 2019 found that more than 80% of potential offset projects in four programs used by CORSIA were overstating their impact because they would have taken place whether the credits were sold or not. The ICAO later limited its eligible projects for the pilot phase to exclude those that started crediting before 2016. It also rejected several applications from offset programs that did not meet the standards of its technical advisors. … [Read more...] about CORSIA: World’s biggest plan to make flying green ‘too broken to fix’
China-bashing fix for addiction to hegemony: China Daily editorial
Whatever fig leaves the alt-right politicians in Washington employ to cover up their blatant interference in Hong Kong affairs, they are nothing more than self-deceiving excuses. "Democracy", "civil rights", "freedom of speech" and any other high-sounding rhetoric cannot fool the world into believing that they hold the moral high ground when they attempt to deprive a sovereign country of its legitimate right to safeguard national security by promulgating necessary laws. … [Read more...] about China-bashing fix for addiction to hegemony: China Daily editorial
