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Damaging storms brought punishing winds and possible tornadoes to Iowa on Tuesday afternoon, leaving at least one dead and causing considerable destruction in the latest in a run of severe weather to have struck the Midwest in recent weeks. A woman suffered a storm-related death in Adams County, according to Lisa Brown, the county’s medical examiner. One of the structures appeared to have caught fire, releasing a large plume of smoke. Footage circulating on social media appeared to show extensive damage in a residential area of Greenfield, Iowa, a small city of about 2,000 residents in Adair County about 50 miles southwest of Des Moines. Video captured by a storm chaser showed a stretch of homes that had been reduced to piles of wood and rubble, and people being escorted away by emergency officials.
Persons: Lisa Brown Organizations: Des Moines . Locations: Iowa, Adams County, Des Moines, Greenfield , Iowa, Adair County
More than 40 million borrowers like Morales-Bartlett were eligible to cancel up to $20,000 in federal student loan debt under President Joe Biden’s one-time student loan forgiveness plan. Meanwhile, the pandemic-era federal student loan repayment pause has been extended while the government awaits the court’s decision. The average federal student loan debt nears $30,000. Brown’s son still has about $50,000 in student debt despite being one of the thousands of North Carolinians who received some student loan relief as part of a multistate settlement with Navient, one of the nation’s largest student loan servicers, over allegations of unfair and deceptive student loan servicing and predatory lending practices, according to Pennsylvania Attorney General Josh Stein's office. He also applied to the currently blocked student loan forgiveness program and is waiting to hear back.
With ongoing stock market volatility, high inflation and interest rate hikes, many wonder if we're heading for a prolonged economic downturn. "I think we have to be defensive," said certified financial planner Ivory Johnson, founder of Delancey Wealth Management in Washington, D.C. While it's impossible to predict exactly what will happen, financial advisors are preparing clients for whatever may be on the horizon. But Johnson has already warned clients about the possibility of more volatility, pointing to the Fed's rate hikes. There may be 'good opportunities'While Baker doesn't suggest major changes, there may be "good opportunities" — such as real estate — amid relatively high inflation due to yield and appreciation, he said.
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