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☆ Student-loan companies that don't do their jobs should be fired, Elizabeth Warren says. Her next target is one that manages 8 million borrowers.
▼ + stars: | 2024-09-22 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

For nearly a decade, Massachusetts Sen. Elizabeth Warren has been working to enforce oversight over Navient, a major student-loan company. Warren and some of her Democratic colleagues were concerned that the company was not properly managing student-loan borrowers' payment options, causing them to accumulate unaffordable student debt. However, it released an accountability framework in December that outlined enforcement actions it would take should servicers harm borrowers, including fining servicers and transferring borrowers to better-performing servicers. For example, MOHELA was the first servicer to be hit with a $7 million fine last October for failing to send on-time billing statements to over 2 million borrowers. Terminate MOHELA's contract and put loan services on notice: we will not tolerate your negligence and exploitation; we will not let you profiteer off vulnerable student borrowers."

Persons: Massachusetts Sen, Elizabeth Warren, Rohit Chopra, Warren, We've, Navient, Chopra, there's, Jim Clyburn, Miguel Cardona, MOHELA, fining, servicers, Ayanna Pressley, we've, who've Organizations: Service, Warren, Democratic, Consumer Financial Protection, Navient, Business, Education Department, BI, Sec, The Education Department Locations: Massachusetts, CFPB

☆ Boeing Starliner capsule returns home from space — without astronauts on board
▼ + stars: | 2024-09-06 | by ( Jackie Wattles | Ashley Strickland | ) edition.cnn.com time to read: +11 min

Relive the Boeing Starliner capsule’s return home as it happened. CNN —Boeing’s Starliner capsule returned from the International Space Station Friday evening — concluding its nearly three-month stay in space. This screengrab taken from a video shows Boeing Starliner as it touches down in White Sands Space Harbor, New Mexico, at 12:01 a.m. Boeing and NASA teams work around NASA's Boeing Crew Flight Test Starliner spacecraft after it landed uncrewed at White Sands, New Mexico, on September 7. NASA astronauts Mike Fincke, left, and Scott Tingle look inside NASA's Boeing Crew Flight Test Starliner spacecraft after it landed uncrewed at White Sands Missile Range’s Space Harbor, in New Mexico, on September 7.

Persons: CNN —, Butch Wilmore, Suni Williams, Starliner, —, “, ”, Williams, Calypso, ” Williams, you’ve, uncrewed, Aubrey Gemignani, Mark Nappi, Steve Stich, we’ve, ” Stich, we’d, ” Stitch, Butch, Suni, NASA Starliner’s, Wilmore, Stitch, Stich, Mike Fincke, Scott Tingle, NASA ‘, …, Ken Bowersox Organizations: Boeing, CNN, International, NASA, NASA's Boeing, SpaceX, White, Space Operations, Software Locations: Sands, , New Mexico, terra firma, Starliner, White Sands , New Mexico, New Mexico

A still image from a video shows former Milwaukee hotel workers holding down D'vontaye Mitchell at the downtown Hyatt Regency on June 30. Turner told authorities he “observed DM begging and harassing a guest of the hotel,” according to the criminal complaint. In the complaint, Turner said he told Mitchell not to enter the hotel but saw him do so and beg for money. Mitchell gets up and attempts to reenter the hotel but is pushed back outside, where Turner, Johnson-Carson and Williamson surround him. Hotel security footage appeared to show him striking Mitchell once with a closed fist, according to the document.

Persons: D’Vontaye Mitchell, Todd Alan Erickson, Devin W, Johnson, Brandon LaDaniel Turner, bellman Herbert T, Williamson, Ben Crump, William Sulton, Mitchell’s, ” Sulton, “, ” Erickson, Carson, Turner, D'vontaye Mitchell, CNN Todd Alan Erickson, Erickson, Todd Erickson, “ Erickson, one’s, Carson “, Mitchell, Mitchell “, DM’s, Herbert T, bellman Herbert Williamson, bellman, ” Williamson, ”, “ Williamson, DM, ’, I’m, ” Brandon LaDaniel Turner, D'Vontaye Mitchell, Matt Last, ” Last, Devin Johnson, “ Johnson, CNN’s Emma Tucker, Ray Sanchez, Raja Razek, Alisha Ebrahimji, Amy Simonson Organizations: CNN, Milwaukee County Medical, Hyatt Regency, Milwaukee County, Office, Aimbridge Hospitality, Hyatt, Milwaukee, Attorney’s, Sheriff's, Milwaukee Police, WISN Locations: Milwaukee, Carson, Hyatt Regency, Johnson

☆ 3 Americans returned in Russia prisoner swap may face challenges
▼ + stars: | 2024-08-03 | by ( Ashley R. Williams | ) edition.cnn.com time to read: +9 min

Brittney Griner, left, and Trevor Reed, were released from detention in Russia in 2022 and returned to the United States in separate prisoner exchanges. Getty ImagesAfter the dust settlesWhelan, Gershkovich and Kurmasheva headed to Brooke Army Medical Center for medical evaluations and additional care for as long as necessary, a US official told CNN. The non-profit supports detainees and hostages while they’re still held in captivity and after their release back to the US, Cathcart told CNN. Matthew Heath was released from being detained in Venezuela in a prisoner swap in October of 2022. Matthew HeathReturnees might return to a different family dynamic than what they were used to, according to Cathcart.

Persons: Evan Gershkovich, Paul Whelan, Alsu Kurmasheva, Joe Biden, Kamala Harris, Whelan, Gershkovich, Kurmasheva, Brittney Griner, Viktor Bout, Roger Carstens, “, ”, Matthew Heath, he’s, ” Heath, Trevor Reed, Griner, Liz Cathcart, they’re, Cathcart, ” Cathcart, ” Readjusting, Jorge Toledo, CNN reintegrating, ” Toledo, CNN’s Pamela Brown, who’s, they’ve, It’s, ” Arianna Galligher, ” Griner, you’re, Heath, CNN’s Simone McCarthy, Anna Chernova, Nathan Hodge, Jennifer Hansler, Rosa Flores, Colin McCullough, Nouran Salahieh Organizations: CNN, Base Andrews, Wall Street, US State Department, Radio Free, Radio Liberty, Russian, Associated Press, Brooke Army Medical Center, Hostage, Citgo Corporation, The Ohio State University Wexner, Resilience, New York Times Magazine, Phoenix Mercury, ” Locations: Maryland, Russia, Russian American, Moscow, Prague, Radio Free Europe, San Antonio , Texas, Knoxville , Tennessee, Venezuela, United States, Heath, “, Cathcart

☆ I'm 57 and reentering the workforce. I refuse to do work I find boring.
▼ + stars: | 2024-07-17 | by ( Jennifer Cannon | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. It was one of the best jobs I've ever had, and I've had a lot of jobs. I also realized that at 57, I'm no longer willing to do work I'm not genuinely interested in. My passion is writing, and I've finally reached a point where I'm fortunate to be able to pursue it. When I called my son to tell him the job didn't work out he said, "From now on, passion projects only."

Persons: —, I've, I'm, I'd, résistance, Kelly Ripa's, wouldn't Organizations: Service, Business, Cinco de Mayo, Philadelphia Eagles Locations: waitressing, —, Cinco de

☆ You're probably missing out on this international travel hack that saves time at the airport and costs nothing
▼ + stars: | 2024-06-28 | by ( Joey Hadden | ) www.businessinsider.com time to read: +6 min

AdvertisementMobile Passport ControlInternational travelers use Mobile Passport Control to get through customs. While it's a more useful perk than Mobile Passport Control, not every international traveler wants to pay $100 and go to the airport for an interview. Global Entry and Mobile Passport Control lanes. How to use the appOnce your flight lands in the US, open the Mobile Passport Control app. The Mobile Passport Control app presented on an iPhone.

Persons: —, Sean Cudahy, Guy, Joe Raedle, John F, Kennedy, Cudahy, It's, I've, Chris Hondros, Getty Images Cudahy, you'll, Joey Hadden Organizations: Service, US Customs, Border Protection, CBP, Business, Control, Getty, Mobile, Google, Apple, Dallas Fort, Residents, Visa, Global, TSA, Getty Images Locations: Dallas Fort Worth

☆ Suspected Chinese rocket debris seen falling over village after launch, video shows
▼ + stars: | 2024-06-24 | by ( Nectar Gan | Yong Xiong | ) edition.cnn.com time to read: +6 min

CNN geolocated the video to be filmed from Xianqiao village in Guizhou province, neighboring the launch site province of Sichuan to the southeast. Other videos circulating on Chinese social media platforms analyzed by CNN showed multiple angles of the falling debris. A screengrab taken from video shows suspected Chinese rocket debris falling over Xianqiao village, Guizhou Province, China, following a launch. Before each launch, China’s civil aviation authority typically issues a notice to pilots, known as NOTAM, to warn them against the “temporary danger areas” where rocket debris are likely to be falling. In 2002, a boy in northern China was injured when fragments from a satellite launch fell on his village in Shaanxi province.

Persons: Xi Jinping, Markus Schiller, unsymmetrical, ” Schiller, ”, Schiller, who’s, China –, Russia – Organizations: Hong Kong CNN, CNN, China Aerospace Science, Technology Corporation, State, Information Office, Residents, Stockholm International Peace Research Institute, NASA, European Space Agency, ST Analytics Locations: Hong Kong, China, 3p.m, Sichuan, France, United States, Xianqiao, Guizhou province, Guizhou, Xinba, Guizhou Province, Stockholm, Jiuquan, Taiyuan, Hainan Island, Munich, Germany, Western, Russia, Hunan Province, Shaanxi province, “, Maldives

☆ The unemployment rate hit 4% for the first time in 2 years. Here's why economists say you shouldn't worry
▼ + stars: | 2024-06-21 | by ( Genna Contino | ) www.cnbc.com time to read: +1 min

The unemployment rate, which has remained low for two years, has been inching higher in the first half of the year, according to data from the Bureau of Labor Statistics. For the first time since January 2022, the unemployment rate ticked to 4.0% last month, up from 3.9% in April. Even though the employment rate has reached the highest it has been in a couple of years, 4% is still historically low, experts point out. Economists say people shouldn't be too concerned because both the number of jobs and the size of the labor force are growing. May's unemployment rate was impacted heavily by people, particularly those who are between 20 and 24 years old, entering and reentering the workforce, according to Moody's Analytics head labor economist Marisa DiNatale.

Persons: Marisa DiNatale, DiNatale Organizations: Bureau of Labor Statistics, Google

☆ Sony Pictures is buying Alamo Drafthouse theater chain
▼ + stars: | 2024-06-12 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Sony Pictures has acquired Alamo Drafthouse, the seventh-largest movie theater chain in North America, the company announced Wednesday. Alamo Drafthouse CEO Michael Kustermann will remain at the helm of the dine-in movie theater chain and will report to Ravi Ahuja, president and CEO of the newly formed Sony Pictures Experiences division. The company's 35 cinemas will continue to be operated by Alamo Drafthouse and its headquarters will remain in Austin, Texas. The acquisition comes after Alamo Drafthouse filed for Chapter 11 bankruptcy protection in 2021 due to Covid-19 pandemic disruptions. "We are excited to make history with Sony Pictures Entertainment and have found the right home and partner for Alamo Drafthouse Cinema," said Kustermann.

Persons: Walter Reade, Michael Kustermann, Ravi Ahuja, Alamo Drafthouse, Ahuja, Tim League Organizations: Sony Pictures, Alamo, Department, Paramount, Warner Bros, Century Fox, MGM, Universal, United Artists, Columbia Pictures, Sony, Walter Reade Organization, Lowes, Disney, El Capitan Theatre, Netflix, Egyptian, New York's, Altamont Capital Partners, Fortress Investment Group, Sony Pictures Entertainment Locations: North America, Columbia, New York's Paris, Austin , Texas, Texas

☆ See Elon Musk's Starship shredding apart as it descends to Earth, with a whole fin almost ripping off
▼ + stars: | 2024-06-06 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +5 min

However, the spacecraft was visibly falling apart on SpaceX's livestream as it screamed through Earth's atmosphere. Falling back to Earth is extremely intenseA screengrab from SpaceX's livestream shows the fin at the beginning of Starship's fall, before it shredded. A screengrab from SpaceX's livestream of the June 6, 2024 launch shows Starship sitting atop its Super Heavy booster on the launchpad. The Super Heavy booster also practiced and successfully achieved its first soft water landing, after it separated from Starship on Thursday. SpaceX reaches a major new milestone with landing its Super Heavy booster in the Gulf of Mexico.

Persons: —, Elon Musk's, SpaceX's livestream, livestream, Musk Organizations: Service, Business, SpaceX Viewers, SpaceX, Starship, Super Locations: Elon, SpaceX's, Gulf of Mexico, Mars

☆ SpaceX launches fourth Starship test flight
▼ + stars: | 2024-06-06 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

SpaceX launched a fourth test flight of its Starship rocket on Thursday, as the company looks to push development of the mammoth vehicle past new milestones. Cheney Orr | ReutersSpaceX has flown the full Starship rocket system on three spaceflight tests previously, with launches in April 2023, November and March. Each of the test flights have achieved more milestones than the last, but each result destroyed the rocket before the flight's end. SpaceX will be looking to surpass the third test flight's milestones. "The primary objectives will be executing a landing burn and soft splashdown in the Gulf of Mexico with the Super Heavy booster, and achieving a controlled entry of Starship," SpaceX wrote.

Persons: Elon, SpaceX's, Cheney Orr, we've, Joe Skipper, it's Organizations: SpaceX, Elon Musk's, Boca Chica, Reuters SpaceX, NASA, Reuters, Super Locations: Boca Chica , Texas, Gulf of Mexico, Brownsville , Texas, U.S, Gulf, Mexico

☆ Starship lands in the ocean with its engines firing for the first time, bringing Elon Musk one step closer to Mars
▼ + stars: | 2024-06-06 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

Super Heavy landed in the Gulf of Mexico minutes after lift-off. A screengrab from SpaceX's livestream of the June 6, 2024 launch shows Starship sitting atop its Super Heavy booster on the launchpad. One of the engines on SpaceX's Super Heavy booster was not lit during its fourth launch. SpaceX reaches a major new milestone by landing its Super Heavy booster in the Gulf of Mexico. SpaceXOn its next flight, SpaceX might attempt to catch the Super Heavy booster with giant "chopsticks" on its Texas launch tower.

Persons: —, Elon Musk's, Musk, Starship Organizations: Service, Super, Business, SpaceX, Starship, Starship's, of, NASA Locations: Gulf, Mexico, SpaceX's, Texas, Gulf of Mexico, Boca Chica , Texas

☆ Bunq, the $1.8 billion European neobank, hopes to secure license for UK expansion this year
▼ + stars: | 2024-06-03 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Dutch digital bank Bunq is plotting re-entry into the U.K. to tap into a "large and underserved" market of some 2.8 million British "digital nomads." Bunq, known for its rainbow-colored cards and a focus on so-called "digital nomads" not bound by any one country or location, initially launched in the U.K. in 2019. The passage of Brexit into law meant that EU-based financial institutions couldn't rely on their own country authorizations to operate in the U.K. market. Currently, Bunq only holds a banking license with the Dutch central bank. Challenges of reentering UK market

Persons: Pavlo Gonchar, Ali Niknam, it's, Niknam Organizations: Getty, PARIS, CNBC, Viva Tech, reentering Locations: Europe, Paris, U.K

☆ U.S. automakers like GM are rapidly losing ground in China, once an engine for growth
▼ + stars: | 2024-05-06 | by ( Michael Wayland | ) www.cnbc.com time to read: +13 min

China was once a profit engine for GM, and its top sales market from 2010 to 2023. GM revealed several vehicles last week in China, including plug-in hybrid versions of its Buick GL8 minivan, a best-seller in China, and the Chevrolet Equinox crossover. "We think clearly that market has shifted and the landscape has shifted … with the capability of the Chinese [automakers]," Barra said. But it has had to aggressively cut prices to compete against Chinese automakers such ay BYD, Nio and others. Stellantis CEO Carlos Tavares earlier this year called Chinese automakers his company's "No.

Persons: Mary Barra, Jeff Kowalsky, we're, Barra, Paul Jacobson, GM wasn't, John Murphy, Michael Dunne, Dunne, Mark Fulthorpe, They'll, they've, Tesla, lockdowns, Elon Musk, Tingshu Wang, Reuters Tesla, Morgan Stanley, Adam Jonas, Musk, Junheng Li, Stellantis, Carlos Tavares, Zhu Jiangming, We've, We're, Ford, John Lawler, Lawler Organizations: General Motors Co, Bloomberg, Getty, General, GM, U.S, Chevrolet, SAIC, GM Pan, Asia Automotive Technology Center, Nurphoto, PSA Groupe, Chrysler, EVs, GM's, Buick, Wuling Motors, Motors, Bank of America Securities, China, Hummer, Durant Guild, America's, Detroit, P Global Mobility, Ford Motor, Tesla, Reuters, EV, Baidu, Warren Capital, Ford, Guangzhou Automobile Group, India & Asia, Lincoln, Lincoln Nautilus Locations: Detroit , Michigan, China, Barra, Beijing, Asia, Shanghai, Russia, India, Thailand, Australia, North America, South Korea, Brazil, Europe, GM's U.S, Qingdao, East China's Shandong, Indonesia, U.S, Nio, Greater China, South America

☆ I left my daughter's dad 4 years ago and have zero interest in reentering the dating world
▼ + stars: | 2024-04-21 | by ( Barbara Pazur | ) www.businessinsider.com time to read: +5 min

Read previewIt's been four years since my partner and I split, and the world of dating is a distant memory. As a single mom, I've reshaped my life around new priorities — my daughter's future and finding myself again. Being a mom, much less a single mom, was never on my bucket list. We were living and working in Dublin and I got pregnant just a few months after we had started dating. I didn't feel like I was living my life — it was living me.

Persons: —, I've, hadn't, Constant, Barbara Pazur, Disney Organizations: Service, Business Locations: Dublin

☆ Texas’ controversial immigration law has become a blueprint for other states
▼ + stars: | 2024-04-14 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +14 min

It’s likely to face legal challenges, which means its implementation could be delayed or even blocked in court, like the Texas law that inspired it has been so far. In addition to Iowa’s new law, Cid says several recent immigration proposals in the state failed to clear the legislature. This bill gives Iowa law enforcement the power to do what he is unwilling to do: enforce immigration laws already on the books. A similar trend unfolded after Arizona passed a controversial immigration law in 2010, says Anand Balakrishnan, a senior staff attorney at the American Civil Liberties Union’s Immigrant Rights Project. Estefania Mondragon, executive director of PODER of Idaho, hopes a proposed immigration law won't pass there.

Persons: CNN — Maria, “, Acosta, ”, ” Acosta, they’ve, Maria Acosta, It’s, Erica Johnson, Enya Cid doesn’t, Cid, she’s, wouldn’t, they’ve “, Enya Cid, Todd Bailey, who's, ” Cid, “ I’ve, “ We’re, ‘ Let’s, ’, Kim Reynolds, who’s, Joe, Biden, ” Reynolds, Iowa's, Donald Trump, Greg Abbott, Sergio Flores, Anand Balakrishnan, ” Balakrishnan, ‘, Estefania Mondragón, who’ve, PODER, Estefania Mondragon, Mondragón, ” Mondragón, what’s, Fabiola Schirrmeister, that’s, Charlie Neibergall, Johnson, I’m, CNN’s Devan Cole, Alisha Ebrahiji, Alexandra Ross Organizations: CNN, ”, Iowa Migrant Movement for Justice, National Conference of State Legislatures, Iowa Migrant Movement, Grand View University, Iowa, View University, University of Iowa, Republican, Democratic, Iowa Gov, Republicans, GOP, Texas Gov, Bloomberg, Getty, American Civil Liberties, state’s Senate, The Associated Press Locations: Iowa, ” Iowa, Texas, Des Moines, Mexico, Arizona, New Mexico, Idaho , Kansas , Louisiana , Missouri, South Carolina, Mississippi, West Virginia, Mission , Texas, United States, ’ In Idaho, PODER of Idaho, Idaho, state’s

☆ Video of SpaceX's Starship reentry shows the ultra-hot plasma plummet back to Earth like never before
▼ + stars: | 2024-03-14 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +3 min

SpaceX's Starship captured a stunning video of its reentry as it fell back to Earth. It's the best and clearest video footage yet of a spacecraft enduring the fiery fall back to Earth. AdvertisementSpaceX's Starship captured a stunning video of its reentry into Earth's atmosphere as it finished its first successful flight through space on Thursday. SpaceX aired the footage live on its webcast on X, showing thick ultra-heated plasma lashing Starship and turning parts of the spacecraft red-hot. AdvertisementAn astronaut's view of what it looks like inside a spacecraft that's plummeting to Earth at breakneck speed.

Persons: SpaceX's, Starship's, —, to4UOF2Kpd — Elon, reentries, Jonathan McDowell, Kate Tice Organizations: Service, SpaceX, NASA, YouTube, Super

☆ Satellites burning up in our atmosphere may not be as harmless as first thought
▼ + stars: | 2024-03-02 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +9 min

Satellites and spacecraft burning up in our atmosphere are leaving metal particles in the stratosphere — and scientists are worried it could harm our planet. Stratospheric particles can shape the ozone layerRemember the ozone layer? AdvertisementThat, in turn, can spark a chain reaction that creates rainbow-colored polar stratospheric clouds. Polar stratospheric clouds (PSCs) are seen in the sky over Jukkasjarvi, northern Sweden, on December 17, 2023 in Jukkasjarvi, Sweden. "There's an increasing number of rocket launches for small satellites and tourism, which burn kerosene or other fuels that emissions in the atmosphere.

Persons: Daniel Murphy, that's, Roy Rochlin, Murphy, Thomas Parent, Chelsea Thompson, Martin Chipperfield, Chipperfield, It's Organizations: Service, Business, National Oceanic, Administration Chemical Science, NASA, WB, NOAA, University of Leeds Locations: Montreal, Tonga, Sweden, Jukkasjarvi, Alaska, UK

☆ Blue Owl Capital co-CEO on private lending: The environment is good for what we do
▼ + stars: | 2024-02-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlue Owl Capital co-CEO on private lending: The environment is good for what we doMarc Lipschultz, Blue Owl co-founder and co-CEO, joins 'Money Movers' to discuss the current environment for private credit, what banks reentering the lending space means for Blue Owl, and more.

Persons: Marc Lipschultz Organizations: Owl

☆ Gig driving was a glimmer of hope for many people with disabilities — but for some, it's a dead end.
▼ + stars: | 2024-01-28 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +14 min

Some told BI that they can't find other accommodating jobs and that gig work is a dead end. He said gig driving was one of his only options to supplement his disability benefits. Robert is one of many disabled gig drivers who say they have no other options to make a living. "Disabled gig workers can be forced to rely on gig work for income because of issues with exclusion and discrimination in traditional workplaces," Shruti Sannon, a technology-policy program director at the ACLU who authored a paper on disabled gig workers, said. For many disabled gig drivers with medical issues, gig work is a temporary but necessary step toward getting back on their feet.

Persons: Uber, —, Robert, there's, he's, Shruti Sannon, Sannon, Lyft, they're, Omar Ford, Jason McConahy, it's, aren't, Douglas Kruse, Lisa Schur, Schur, Kruse, " Kruse, Shane, hasn't, I've, Rene, Richard H, Richard, I'd, Michael, Jacob Zinkula Organizations: Service, Lyft, Business, Rutgers University School of Management, Labor Relations, Rutgers, of Labor Statistics, Marine Corps, Air Force, Uber, Arizona State University Locations: Portland , Oregon, South Florida, Las Vegas, North Carolina, Denver, Phoenix, New Jersey

☆ All 4 major student-loan companies have now gotten punished for customer service issues as borrowers struggle with repayment — and it might not be the end
▼ + stars: | 2024-01-20 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Read previewIt hasn't been easy for student-loan borrowers since payments restarted a few months ago — and for the companies that manage their debt. The Education Department is aware of those errors and highlighted them in an internal Federal Student Aid memo in November. AdvertisementIn the past fiscal year, Congress did not boost funding for Federal Student Aid, which oversees all student-loan operations. And in the current round of budget negotiations, House Republicans have proposed steep cuts for Federal Student Aid. One servicer, MOHELA, told Democratic lawmakers in response to queries on repayment preparation that "millions of borrowers resumed repayment simultaneously after a multi-year pause."

Persons: —, Joe Biden's, MOHELA, servicers, Miguel Cardona, that's, servicer, I'm, Harris, Cardona Organizations: Service, Business, Joe Biden's Education Department, Education Department, Department, Education, Federal, Aid, The Education, Federal Student Aid, House Republicans, Democratic, Biden, Harris Administration

☆ 74,000 student-loan borrowers are getting $5 billion debt wiped out in Biden's latest batch of repayment reforms
▼ + stars: | 2024-01-19 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

The relief is going to public servants and those on income-driven repayment who made their qualifying payments. AdvertisementMore student-loan borrowers are on track to get debt relief following President Joe Biden's repayment reforms. On Friday, Biden announced that his administration approved another 74,000 borrowers for $5 billion in debt relief. In December, for example, the department approved another $5 billion in relief for 80,000 borrowers on PSLF and income-driven repayment plans. Advertisement"This level of debt relief is unparalleled, and we have no intention of slowing down," Education Secretary Miguel Cardona said in a December statement.

Persons: —, Joe Biden's, Biden, servicers, Biden's, Miguel Cardona Organizations: Service, Public, Department, Education Department Locations: forbearance

☆ Youth suicide rates rose 62% from 2007 to 2021: 'People feel hopeless,' one recent grad says
▼ + stars: | 2023-12-05 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +9 min

Last year, suicide rates in the U.S. were the highest they had been since 1941, according to data from the Centers for Disease Control and Prevention. From 2007 through 2021, suicide rates for Americans ages 10 to 24 rose 62%, according to the CDC. Young people don't think they can make 'a significant difference'Financial instability has proven to be a large contributing factor in youth suicide. In 2014 and 2015, suicide rates at the Massachusetts Institute of Technology surpassed the national average, which was about 13 deaths per year, according to CDC data. Easier access to guns is linked to increased suicide rates, as well, as gun suicides reached an all-time high in 2022, according to CDC data.

Persons: Young, Katie Meyer, Ian Alexander Jr, Regina King, Ellis Lariviere, Mariana Fabiana, —, Fabiana, Gen Z, ideation, Michele Berk, Berk, Bessel, Van der Kolk, Gen, Carl Fleischer, Fleischer, Nate Bronstein, it's, It's, Carl Fleisher, Jennifer Breheny Wallace, Wallace Organizations: Stanford University, Centers for Disease Control, North Carolina State University, Columbia University, Massachusetts Institute of Technology, MIT, CDC, Boston Child Study, Facebook, Harvard, Yale University, University of California Locations: Brooklyn , New York, U.S, Palo Alto , California, Los Angeles, Chicago

☆ Maryland has the lowest unemployment rate in American history, at just 1.6%
▼ + stars: | 2023-11-15 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

The mid-Atlantic state registered a record unemployment rate of 1.6% in September — less than half the national unemployment rate of 3.8% that month — Labor Department data shows. That’s the lowest seasonally adjusted unemployment rate of any state on records going back to 1976, according to a CNN analysis. However, Maryland’s job market is still robust, with government and health care employers adding jobs at a brisk pace. Here’s a dive into the labor market of the state with the lowest unemployment rate in American history:Where the jobs areThe biggest industries in Maryland are government, health care, education and professional services. Fort Meade, a military base, is the largest employer in the state, according to Moody’s Analytics.

Persons: ” Christina DePasquale, Johns, Colin Seitz, “, ” Seitz, There’s, ”, Mary Kane, what’s, Kane, ” Daniel Zhao, ” Zhao Organizations: DC CNN, — Labor Department, CNN, Baltimore, Fort Meade, University, of Maryland, Johns Hopkins University, Labor Department . State, Health, Johns Hopkins Carey Business School, Moody’s, Maryland, Bureau of Labor Statistics, Maryland Hospital Association, Labor, Maryland Chamber of Commerce, “, Maryland Department of Labor, DC Locations: Washington, Atlantic, California, Lexington, Maryland, Fort, Florida, Texas, Virginia

☆ Schools, hospitals, and construction: These are the jobs with labor shortages that could stick around for years
▼ + stars: | 2023-10-28 | by ( Madison Hoff | ) www.businessinsider.com time to read: +4 min

Labor shortages in healthcare, education, and other fields aren't going away soon. Childcare and skilled trades may also see labor shortages stick around. "For economists, labor shortages are these longer term, enduring structural shortages where labor supply is not able to adapt to changes in demand," Aaron Terrazas, chief economist at Glassdoor, told Insider. Indeed economist Cory Stahle pointed to overlooked talent pools as a way to address labor shortages. AdvertisementAdvertisementBelow are some of the kinds of work and industries where there may be labor shortages long term.

Persons: —, Aaron Terrazas, Julia Pollak, ZipRecruiter, Pollak, it's, isn't, Terrazas, Cory Stahle, Stahle Organizations: Service, Pew Research Center, of Labor Statistics

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