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The nation’s top student aid official is stepping down, the Education Department said Friday, after the disastrous rollout of a new financial aid form that upended the college admissions process for millions of students this year. Richard Cordray, who took over as the leader of the Federal Student Aid office in 2021, will hand over his duties in June, Education Secretary Miguel A. Cardona said in a statement. Mr. Cordray’s departure coincides with a fraught admissions season. College administrators, students and members of Congress across the political spectrum have rebuked the Education Department for mismanaging a redesign of the Free Application for Federal Student Aid form, throwing the usual college admissions process into disarray. In his role, Mr. Cordray also oversaw a variety of other programs, including many parts of the Biden administration’s sweeping vision of student debt relief for millions of borrowers through loan forgiveness and income-driven repayment plans.
Persons: Richard Cordray, Miguel A, Cardona, Cordray Organizations: Education Department, Federal, Aid, College, mismanaging, Biden
People watch the first sunrise of the new year from a footbridge overlooking the city skyline in Seoul on January 1, 2024. The opposition Democratic Party (DP), which already dominates the 300-member legislature, has accused Yoon and his conservative People Power Party (PPP) of mismanaging the economy and failing to rein in inflation during their time in office. PPP leader Han Dong-hoon said a big win by the DP, whose leader is facing corruption charges, would create a crisis for the country. He warned against giving the opposition an unprecedented super majority of 200 seats, which would strip Yoon of his veto power. "I hope the two-party structure will be broken somehow, and politicians will carry out practical policies for ordinary people."
Persons: Yoon Suk Yeol, Yoon, Han Dong, hoon, Kim Ji, yun, Jung Cheol, Cho Kuk Organizations: South, Election, Democratic Party, People Power Party, DP Locations: Seoul
Read previewSome key changes are on the way for thousands of federal student-loan borrowers in public service. President Joe Biden's Education Department recently posted new guidance on Federal Student Aid's website with updates to the Public Service Loan Forgiveness program. Once PSLF processing resumes in July, borrowers' loans will remain with their servicer, but the Education Department will fully manage the program. As a result, borrowers can view their PSLF payments directly on studentaid.gov, access "enhanced" services like status tracking for their applications, and see quicker processing times for PSLF. AdvertisementOn top of this transition, MOHELA is in the process of transitioning borrowers to a new servicing platform, which could mean up to 30-day delays in posting payments.
Persons: , Joe Biden's, MOHELA, that'll, PSLF, Grant, Massachusetts Sen, Elizabeth Warren, Warren, Chuck Schumer, Sen, Bernie Sanders Organizations: Service, Joe Biden's Education Department, Federal, Public, Business, Teacher, College And Higher, Federal Student Aid, Education Department, PSLF, Protection Locations: Massachusetts
Reuters —Manchester United footballer Harry Maguire on Wednesday accepted the apology of a Ghanaian MP who mocked him during a parliamentary debate on the budget last year. Opposition lawmaker Isaac Adongo compared Vice-President Mahamadu Bawumia’s economic management of the embattled West African nation to Maguire’s performance on the pitch. “I now apologize to Harry Maguire,” Adongo said. “See you at Old Trafford soon,” he wrote, referring to the home of Manchester United. Bawumia heads the government’s economic management team as has been selected as the ruling party candidate for 2024 elections.
Persons: Harry Maguire, Isaac Adongo, Mahamadu, Adongo, Bawumia, Maguire, , ” Adongo, , ” Maguire, Organizations: Reuters, Manchester United, Wednesday, Ghanaian, International Monetary Fund, IMF, Fund Locations: West, Ghana, Old Trafford
Kanye West was reportedly so difficult to deal with that it took a toll on the Adidas team working with him. A New York Times investigation found that the team had to have group therapy-like sessions to deal with the stress. AdvertisementAdvertisementMembers of the Adidas team working with Kanye West were given a subscription to a meditation app and regularly had group therapy-like sessions to deal with the stress of working with the rapper, a New York Times investigation found. They were also given a subscription to a meditation app and regularly held group therapy-like sessions, the outlet reported. In 2013, the year that Adidas and Ye unveiled their partnership, the brand's sales in North America were down 1%.
Persons: Kanye, , Ye, Hitler, Eric Liedtke, Liedtke Organizations: Adidas, New York Times, West, Service, Kanye, Times, TMZ Locations: North America
Spain to create emergency accommodation for 3,000 migrants
  + stars: | 2023-10-26 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Borja Suarez/File Photo Acquire Licensing RightsMADRID, Oct 26 (Reuters) - Spain said on Thursday it would create additional emergency accommodation for 3,000 undocumented migrants in military barracks, hotels and hostels amid a 55% jump in arrivals by sea this year, which has triggered political tension. Escriva declined to disclose how many additional beds will be created, but a ministry source told Reuters it would be around 3,000 in total. But this time the central government's approach has been to expand emergency accommodations across the country, hoping to ease pressure on the Canaries. Following police screenings, migrants will be placed in the military barracks, hotels, hostels and other types of accommodations on a voluntary basis, the ministry source said. Escriva argued the situation was well-handled and manageable, and said some conservative politicians were whipping up what he called xenophobic rhetoric.
Persons: Borja Suarez, Jose Luis Escriva, Escriva, Isabel Diaz Ayuso, Belén Carreño, Joan Faus, Emma Pinedo, Jonathan Oatis Organizations: Gran Canaria, REUTERS, Rights, Union, Canaries, Madrid, Thomson Locations: Spanish, Arguineguin, Gran, Spain, Rights MADRID, Madrid, West Africa, Canary, Italy, Lampedusa
Big Gay Ice Cream cofounder Doug Quint sued partner Jon Chapski, The New York Times reported. It claimed that Chapski refused to "roll out new ice cream flavors" that Quint had created, and ignored other suggestions related to the brand's expansion. Big Gay Ice Cream, which started out as an ice cream truck in 2009, had multiple locations across New York and Philadelphia at its height. Big Gay Ice Cream pints were even sold in major grocery chains and drugstores. The store is operated by neighborhood restaurateur, Jeremy Wladis, who was given permission to use the brand and recipes on Friday, according to the New York Times.
Persons: Doug Quint, Jon Chapski, Quint, Chapski, Quint —, , Gay, Bryan Petroff, Jeremy Wladis Organizations: The New York Times, Service, New York, Court, Big, Small Business Administration, Times, New York Times Locations: The, Wall, Silicon, Philadelphia, Maine, New York, leche
A view shows a site of a Russian missile strike, amid Russia's attack on Ukraine, in Chernihiv, Ukraine, on Aug. 19, 2023. Sweden abandoned its longstanding policy of military nonalignment to support Ukraine with weapons and other aid in the war against Russia. As Zelenskyy arrived in Sweden, a Russian missile strike killed seven people and wounded 90 others in the city center of Chernihiv, the regional capital of the northern Ukrainian province of the same name, Interior Minister Ihor Klymenko said. A Russian missile hit right in the center of the city, in our Chernihiv," he wrote on Telegram. In Russia, President Vladimir Putin visited top military officials in the city of Rostov-on-Don near the Ukrainian border.
Persons: Volodymyr Zelenskyy, Zelenskyy, Sweden's King Carl XVI Gustaf, Queen Silvia, Ihor Klymenko, Vladimir Putin, Don, Putin, Valery Gerasimov, Wagner, group's, Yevgeny Prigozhin, Gerasimov, Sergei Shoigu, Prigozhin, Alexander Khodakovsky, Tiurin, Vitalii Bunechko Organizations: Russia, Archer, NATO, Russia's Southern Military District, Russian, Ukraine Locations: Russian, Ukraine, Chernihiv, Sweden, Harpsund, Stockholm, Ukrainian, Russia, Rostov, Urozhaine, Ukraine's, Donetsk, Zhytomyr
Gameplay footage shows a simulation of Gen Z being broke, road accidents, and prison labor. The developers of the upcoming video game Cities Skylines 2 say they're trying to make "the most realistic city simulation ever" — one which involves homelessness, Gen Z going broke, and tragic car accidents. A screenshot from the upcoming video game Cities Skylines 2. Cities Skylines 2/Colossal OrderThe developers previously released footage on the game's realistic elements, such as Gen Z being broke and prison labor. Colossal Order's previous game, Cities Skylines, was released in 2015 and sold over 12 million copies till mid-2022.
Persons: Z, Gen Z, it's Organizations: Morning, Cities, YouTube
Summary White House readying actions in new corporate sectorsCompetition Council to have fifth meeting on WednesdayIndustry chafes at 'regulatory overreach'WASHINGTON, July 18 (Reuters) - President Joe Biden has created a new role on the National Economic Council (NEC) to tackle anticompetitive business practices, naming NEC member Hannah Garden-Monheit as Director of Competition Council Policy, the White House said on Tuesday. One may be the retail sector, which National Economic Council Director Lael Brainard singled out last October before leaving her job as Federal Reserve vice chair, arguing it had "ample room" to "recompress margins" after COVID-19 price hikes. "Institutionalizing competition policy within the National Economic Council and the White House is another critical step ... to make sure we right the wrongs of failed antitrust enforcement and competition policy enforcement for the last several decades." Columbia University Professor Timothy Wu, who led the White House antitrust push until December, said Biden's decision to create a specific role centered on the competition council reflected its importance. "Creating a White House director of competition policy is a big deal — it cements the White House role in antitrust policy and ensures a lasting impact," he said.
Persons: Joe Biden, Hannah Garden, Biden, Monheit, Lael Brainard, Morgan Harper, Timothy Wu, Andrea Shalal, Josie Kao, Matthew Lewis Organizations: Competition Council, Industry, National Economic Council, NEC, Competition, Reuters, Economic, Reserve, U.S . Chamber, Commerce, Council, Consumer Financial, Bureau, American Economic Liberties, Columbia, White, Thomson Locations: WASHINGTON, U.S, Wednesday's, Washington
Biden created the council as part of an executive order two years ago to crack down on anti-competitive practices in sectors from agriculture to drugs and labor, and find ways to lower prices for consumers. She said would work with Congress to curb anti-competitive practices in agriculture, while seeking new focal areas. One may be the retail sector, which National Economic Council Director Lael Brainard singled out last October before leaving her job as Federal Reserve vice chair, arguing it had "ample room" to "recompress margins" after COVID-19 price hikes. Columbia University Professor Timothy Wu, who led the White House antitrust push until December, sans the new title, said Biden's decision to create a specific role centered on the competition council reflected its importance. "Creating a White House director of competition policy is a big deal — it cements the White House role in antitrust policy and ensures a lasting impact," he said.
Persons: Joe Biden, Hannah Garden, Biden, Monheit, Lael Brainard, Timothy Wu, Andrea Shalal, Josie Kao Organizations: Competition Council, Industry, National Economic Council, NEC, Competition, Reuters, Economic, Reserve, U.S . Chamber, Commerce, Council, Columbia University, White, FDR, Thomson Locations: WASHINGTON, U.S, Wednesday's, Washington
Face masks depicting Russian President Vladimir Putin, right, and owner of private military company Wagner Group Yevgeny Prigozhin are displayed among others for sale at a souvenir shop in St. Petersburg, Russia, Sunday, June 4, 2023. With a so-called "24-hour coup" by Russia's mercenary boss Yevgeny Prigozhin ending in an anti-climactic pullback, Russian President Vladimir Putin was able to avoid a dramatic and bloody standoff with his one-time ally. Russia experts and political analysts characterized the uprising as "24 hours that shook the Kremlin" and the biggest challenge to Putin and the Russian elite in decades. Tensions came to a head several weeks ago when the defense ministry announced that all private military companies, including Wagner, would have to sign contracts. Putin endorsed the move but Prigozhin refused to sign — only to then lead his fighters in the ill-fated revolt last Friday.
Persons: Vladimir Putin, Wagner Group Yevgeny Prigozhin, Yevgeny Prigozhin, Putin, Hanna Liubakova, Prigozhin, Chris Weafer, Weafer, Sergei Shoigu, Valery Gerasimov, Wagner Organizations: Wagner Group, Wagner, Council's Eurasia Center, Saturday, Russian, Prigozhin Locations: St . Petersburg, Russia, Belarus, Russian, Rostov, Moscow, Ukraine, Donetsk
The ministry also posted a video of Mr. Shoigu that it said was from the trip, without specifying when or where it took place. Mr. Putin still has not been seen since giving a five-minute address to the nation on Saturday, in which he promised to crush the rebellion. Mr. Prigozhin, once a close ally and confidant of Mr. Putin, had for months publicly lambasted Mr. Shoigu and other military leaders, accusing them of mismanaging the war in Ukraine and starving his troops of ammunition. Mr. Prigozhin’s rebellion, which barely lasted 24 hours, ended on Saturday, when the leader of Belarus, a close ally of Mr. Putin, offered Mr. Prigozhin safe passage. Mr. Putin’s government dropped the charges against Mr. Prigozhin and said the Wagner troops could enlist in the military and would not face discipline.
Persons: Sergei K, Shoigu, Yevgeny V, Yevgeny Nikiforov, Wagner, Vladimir V, Putin, Prigozhin, Mr, Putin’s Organizations: ., Russian Defence Ministry, Reuters Russia’s, Defense, Russian Locations: Ukraine, Moscow, Russia, Belarus
Yevgeny Prigozhin's rebellion is over but the damage to Vladimir Putin is irreversible, experts say. The Wagner boss showed that the Russian president no longer enjoys a monopoly of force in his country. Among Moscow's elites, "there is the growing feeling that he is a lame duck," a Russian journalist said. But there is the growing feeling that he is a lame duck, and they have to prepare for Russia after Putin." [...]Suggestions that Prigozhin's rebellion, the Kremlin's response, and Lukashenko's mediation were all staged by the Kremlin are absurd.
Persons: Yevgeny Prigozhin's, Vladimir Putin, Wagner, , Putin, Prigozhin, Mikhail Zygar, Zygar, Alexsandr Lukashenko, Lukashenko, Andrew Kolesnikov, Saturday's, Kolesnikov, Mick Ryan, Insider's Katherine Tangalakis, hasn't, Ryan Organizations: Service, Ministry of Defense, Institute for, Carnegie Endowment, Wall Street Journal, Center for Strategic, International Studies Locations: Russian, Moscow, Ukraine, Yorker, Belarus, Russia, Washington
Russian President Vladimir Putin's plane left Moscow Saturday morning, according to flight data. Wagner mercenaries appear to be headed for Moscow in what some are calling an attempted coup. Putin's presidential plane left at 14:16 Moscow time, according to FlightRadar data retrieved by NEXTA. While it's not clear where the plane was headed, it disappeared from tracking systems near Tver, a major city north of Moscow. On Friday, Wagner leader Yevgeny Prigozhin rebelled against Russia's military leadership, accusing Russian Defense Minister Sergei Shoigu of ordering an air strike on Wagner troops in Ukraine.
Persons: Vladimir Putin's, Dmitry Peskov, Putin, Wagner, , it's, Yevgeny Prigozhin, Sergei Shoigu, Prigozhin Organizations: Service, NEXTA, Independent, Russian, Russia's Ministry of Defense Locations: Moscow, St, Petersburg, Tver, Ukraine, Prigozhin
Russia's Wagner paramilitary forces appear to be headed toward the capital, Moscow. Photos and videos now appear to show Wagner forces and their armored vehicles in the region of Lipetsk, which is a roughly eight-hour drive from Rostov-on-Don — and less than six hours from Moscow. He later confirmed that Wagner forces were moving through the area, state media reported, and urged civilians to stay in their homes. The "march" began Friday after Prigozhin accused Russia's defense minister, Sergei Shoigu, of ordering an air strike on Wagner forces in Ukraine. He has repeatedly accused Shoigu and other military leaders of undermining Wagner forces in Ukraine.
Persons: Russia's Wagner, Wagner, Yevgeny Prigozhin, Vladimir Putin, , Yevgeny Prigozhin —, Don —, Igor Artamonov, Prigozhin, Russia's, Sergei Shoigu, Shoigu, Ramzan Kadyrov, Sergey Sobyanin, Igor Girkin Organizations: Service, New York Times, Russian, British Ministry of Defense Locations: Moscow, Russian, Rostov, Voronezh, Lipetsk, Ukraine, Russia, Vorenezh Oblast
A trio of longtime executives have taken charge at CNN following the exit of Chris Licht. There's a moment in Tim Alberta's brutal profile of CNN's now-former CEO Chris Licht where Licht awkwardly takes a jab at his predecessor Jeff Zucker. The following Monday, as Licht attempted to quell growing calls for his ouster, Licht told CNN staff: "As I read that article, I found myself thinking, CNN is not about me. Jeff Zucker and Chris Licht at an event in 2019, back when Zucker still ran CNN and Licht was the showrunner on The Late Show on CBS. If Licht was seen as mismanaging CNN's top talent, Entelis, in particular, is known to be the queen of talent.
Persons: Chris Licht, David Leavy, Amy Entelis, Tim Alberta's, CNN's, Licht, Jeff Zucker, Zucker, Donald Trump, Christiane Amanpour . Licht, Anderson Cooper, Jake Tapper, Kara Swisher, Mike Coppola, — Licht, Virginia Moseley, Eric Sherling, Wolf, David Zaslav, Zaslav, WBD, Leavy, We're, — Leavy, I'm, Kaitlan Collins, Don Lemon's, Poppy Harlow, Licht's, PATRICIA DE MELO MOREIRA, Jonathan Miller, Entelis, Peter Jennings, Ted Koppel, Anthony Bourdain, Eric Ripert, Masa Takayama, Turner, Lisa Ling's, Bell, Tapper —, CNN —, She's, Organizations: CNN, Morning, Vox Media, CBS, ABC, Warner Bros, Warner Bros Discovery, HBO, Getty, BBC News Board, Integrated Media, CNN Worldwide, Masa Locations: Trump, Japan, America
Bloomberg | Bloomberg | Getty ImagesNorway's $1.4 trillion sovereign wealth fund says it is prepared to start dropping companies for mismanaging climate risk starting next year, adding to the decarbonization pressure that activist shareholders are already piling on firms. It comes shortly after the world's the biggest investment fund said it would vote for shareholder proposals at Chevron and Exxon Mobil's respective annual meetings on Wednesday. Norway's oil fund had refused to back similar shareholder proposals tabled in recent weeks at European oil majors, such as BP and TotalEnergies. Palpable frustrationNorway's oil fund has invested in more than 9,000 companies in 70 countries around the world and acknowledges that "companies care how we vote at AGMs." Bloomberg | Bloomberg | Getty Images
Persons: Carine Smith Ihenacho, Carine Smith, Ihenacho Organizations: Bloomberg, Getty, Chevron, Exxon Mobil's, Norges Bank Investment Management, CNBC, Protesters, Salle Locations: U.S, Paris
The agency resolved its 2020 lawsuit against Rhode Island-based Citizens Bank for violating the Truth in Lending Act, which protects consumers against unfair credit billing and credit card practices. The CFPB said in its suit that the bank automatically denied fraud claims and billing error notices in certain circumstances. "As outstanding credit card debt approaches $1 trillion, the CFPB will be closely watching the conduct of the credit card industry." Citizens Bank noted that the issue involved a small subset of its credit card customers. Citizens Bank is among the 15 largest consumer banks in the U.S. with branches and ATMs in 14 states and Washington, D.C.
Why so many people making $100,000 a year don't feel rich
  + stars: | 2023-05-17 | by ( Ryan Ermey | ) www.cnbc.com   time to read: +3 min
And if I could get to $100,000, I figured, I'd be rich, or at least comfortable, which is how rich people say "rich." Does a $100,000 salary make you 'rich'? You don't have to be an economist to know that earning $100,000 in New York City is different than earning $100,000 in Memphis, Tennessee. Because Tennessee doesn't tax earned income, a Memphis resident earning $100,000 takes home $74,515 after federal and state taxes, according to analysis by SmartAsset. How to make $100,000 feel more like $100,000
And thanks to a regulation that Mr. Erdogan pushed in the months leading up to the vote, Mr. Akbulut will soon receive an early pension from the government — at age 46. “I will vote for the president,” he added. “Is there anyone else?”The presidential and parliamentary elections are shaping up to be Mr. Erdogan’s toughest electoral fight during his two decades as Turkey’s predominate politician. A cost-of-living crisis has angered many voters, and his government stands accused of mismanaging the initial response to catastrophic earthquakes in February. Recent polls suggest a tight race — and, perhaps, even a defeat — for Mr. Erdogan.
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It is not the first time Lu Shaye, 58, a prominent practitioner of China's abrasive 'wolf warrior' diplomacy, has courted controversy since taking up his post in Paris in 2019. A transcript of Lu's remarks posted on the Chinese embassy's official WeChat account were subsequently deleted. Asked about Lu's comments on Monday, China's foreign ministry spokesperson Mao Ning said Beijing respects the sovereignty of all former republics of the Soviet Union, which was dissolved in 1991. Lu said that Taiwanese people had been brainwashed by ideas about independence, and that they can become patriots after being "re-educated". Beijing repeatedly criticised western countries for mismanaging the COVID-19 pandemic by not doing enough to prevent the virus from spreading.
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After serving as mayor of Istanbul, he stepped onto the national stage as head of the AK Party, which triumphed in 2002 national elections. Western allies initially saw Erdogan's Turkey as a vibrant mix of Islam and democracy which could be a model for Middle East states struggling to shake off autocracy and stagnation. Faced with a struggling economy, a weak currency and a countdown to this year's election, Erdogan sought rapprochement with rivals across the region. Now he must convince voters he is the leader to rebuild Turkey from the rubble after this month's earthquake. That will be, in all likelihood, to the detriment of the ruling AK Party and President Erdogan," said Sinan Ulgen, director of the Istanbul-based Centre for Economic and Foreign Policy Studies.
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