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David Peinado Romero/Anadolu Agency/Getty Images Migrants carry a baby in a suitcase across the Rio Grande on May 10. Gary Coronado/Los Angeles Times/Getty Images Migrants wait to get paid after washing cars at a gas station in Brownsville on May 10. Andrew Caballero-Reynolds/AFP/Getty Images Migrants surrender to US Border Patrol agents after crossing the border in Yuma on May 10. Paul Ratje/Reuters Migrants wait to be processed by US Border Patrol agents in Santa Teresa, New Mexico, on April 26. Hudak warned in the filing that without measures to conditionally release some migrants, Border Patrol could have over 45,000 migrants in custody by the end of the month.
The Los Angeles Opera, Post-Plácido Domingo
  + stars: | 2023-05-12 | by ( Adam Nagourney | ) www.nytimes.com   time to read: +2 min
It survived the downturn without running a deficit, relying on salary reductions, a handful of layoffs, a $5 million five-year loan against the endowment, and federal aid. Domingo’s downfall stunned Los Angeles and its opera company, which had been so closely identified with the star tenor, who had been singing there since the 1960s and was instrumental in the creation of the company. It is difficult to say precisely whether attendance was affected by the departure of Domingo, given that the coronavirus shutdown followed so soon afterward. For many years his performances had drawn the biggest crowds, and his image was as integral to the company’s marketing as Gustavo Dudamel’s is for its neighbor, the Los Angeles Philharmonic. “It is unmistakably a loss because he’s such a titanic figure in the world,” Koelsch said.
GOP Rep. George Santos took unemployment during COVID-19 while working a $120k investment job, prosecutors say. Federal prosecutors allege Santos illegally received unemployment benefits while working at an investment firm. According to court documents, Santos "applied to receive unemployment insurance benefits through the New York State Department of Labor" in June 2020. In his application, Santos "falsely claimed to have been unemployed since the week of March 22, 2020," prosecutors wrote. Santos "certified his continued eligibility for unemployment benefits on a weekly basis" from June 19, 2020, to April 15, 2021, prosecutors alleged.
Migrant surge expectedThe surge of migrants is expected because Title 42, the Trump-era policy that allowed the government to quickly turn away certain migrants at the border during the Covid-19 pandemic, is expiring. These deployments are not unprecedented in recent years, but this one is notable since it coincides with an expected surge of border encounters. Biden administration’s plan to discourage border crossingsThe administration has tried to discourage migrants from simply crossing the border and promised that people apprehended will be turned away and potentially barred from reentry. Anger from New York’s mayorTexas has been transporting thousands of migrants to cities like New York, Chicago and Washington, DC. “Governor Abbott sent asylum seekers to NY – Black mayor; to Washington – Black mayor; to Houston – Black mayor; to Los Angeles – Black mayor; to Denver – Black mayor.
REUTERS/Andrew HayACEQUIA DE LA SIERRA, New Mexico, May 2 (Reuters) - Rivers are roaring in northern New Mexico after a big snowpack. The problem is blocking water flowing from a 12,000-foot (3,660-meter) Sangre de Cristo mountain peak into the Mora Valley through earthen channels known as acequias. Sanchez, a mayordomo or water caretaker, had hoped to have Federal Emergency Management Agency (FEMA) funding to clear the ditches after the agency was given $3.95 billion to compensate communities for the 40-mile-long blaze. FEMA and other federal support has reached only a handful of the dozens of acequias that requested aid in November, said local irrigation leader Paula Garcia. "I don't think they're up to the job," said Roybal-Mack, a Mora Valley native.
New York and California lost over $90 billion in income during Covid as taxpayers moved to other states, accelerating the trend of high-earners relocating to lower-tax areas. New data from the Internal Revenue Service shows that New York state lost $25 billion in adjusted gross income due to outmigration in 2021, on top of $20 billion lost in 2020. Combined, the two states lost $92 billion across the two years. The data shows that the income flight from high-tax states to low-tax states, which has been happening for years, picked up steam during Covid. California, Illinois and New Jersey each lost over $4 billion in income to Florida in 2021.
The Long Shadow of Covid School Closures
  + stars: | 2023-04-28 | by ( David Leonhardt | ) www.nytimes.com   time to read: +1 min
During the early months of the Covid pandemic, Randi Weingarten and the teachers’ union she leads faced a vexing question: When should schools reopen? For years, advocates of public education like Weingarten had argued that schools played an irreplaceable role. Without public schools, their defenders argued, society would come apart. Teachers and parents feared that reopening schools before vaccines were available would spark Covid outbreaks, illness and death. Instead, Covid became an opportunity for her union, the American Federation of Teachers, to push for broader policy changes that it had long favored.
Shares of education technology company PowerSchool could see upside as the company focuses on cross-selling its large suite of products and expanding internationally, according to Goldman Sachs. Analyst Gabriela Borges upgraded the education technology stock to buy from neutral. Her $24 price target implies the stock will rally 20% from where it closed on Monday. The company saw net revenue retention hit 108% during the pandemic as schools pushed to improve the online learning experience. The company could drive vendor consolidation in the international educational technology market, which she said is current fragmented.
More than 200 companies from myriad sectors have applied for CHIPS Act funding, Commerce Secretary Gina Raimondo told CNBC's Jim Cramer on Friday, as part of what Raimondo called a mandate to invest "$50 billion in America's national security." The recipient companies are varied, but Raimondo told Cramer that some of the funds will be routed to "packaging companies, leading edge companies" within the U.S. "It has to be spent in America," the Commerce secretary told Cramer. "If you take our money, you can't expand in China for leading-edge" chips, Raimondo said. More than half of the applications cover the first tranche of CHIPS Act funding, which include mature-node and leading-edge chip facilities.
If you've ever filled out the Free Application for Student Aid (FAFSA) before, you're probably familiar with the stress, confusion and possible tears that often come with it. The number gave your school and federal aid administrators an idea of how much financial support to offer. The student aid index (SAI) will serve the same purpose, but use a different formula. Federal Student Aid (FSA) published a draft of the calculations to be used to determine SAI. Aid administrators will subtract the student's SAI from their determined cost of attendance in order to assess aid eligibility and amounts, according to FSA.
There are plenty of reasons to attend an Ivy League institution if you're one of the lucky students to be admitted. The University of Pennsylvania in particular reports the highest median incomes among former attendees who received federal aid. Even those who don't make it to the highest echelon of wealth may be able to expect a decent salary after attending an Ivy League school. Former Ivy League attendees who received federal aid earn a median of about $90,500 a decade after starting school, according to Department of Education (ED) data. Here's a look at all eight Ivy League schools, ranked by median earnings among federal aid recipients.
Former Caltech attendees earn a median income of $112,166 a decade after starting school, making them the highest earners among the nearly 900 colleges ranked. California Institute of Technology Median income 10 years after attendance: $112,166Median debt among graduates: $17,747 2. Massachusetts Institute of Technology Median income 10 years after attendance: $111,222Median debt among graduates: $13,418 3. Stevens Institute of Technology Median income 10 years after attendance: $98,159Median debt among graduates: $27,000 8. Princeton University Median income 10 years after attendance: $95,689Median debt among graduates: $10,450 It shouldn't be too surprising to see several technical colleges make the list.
It included reinstating and strengthening the gainful employment rule, which protects student-loan borrowers from unaffordable debt post-graduation. Biden delayed implementation of the rule until 2024 and is expected to put out a proposal this month. "The Gainful Employment rule is a cornerstone of our ambitious regulatory agenda," the spokesperson said. Along with reinstating gainful employment, lawmakers and advocates have also called for the executives of for-profit schools to be held liable for costs when the school shuts down, rather than taxpayers and borrowers. Now, lawmakers and advocates await the department's gainful employment proposal.
Death toll from US storms rises to 29
  + stars: | 2023-04-02 | by ( ) www.reuters.com   time to read: +2 min
April 2 (Reuters) - The death toll from a violent storm that whipped up tornadoes in the Southern and Midwestern regions of the United States rose to at least 29 over the weekend, according to officials and media reports. In Memphis, Tennessee, two children and an adult were found dead on Saturday after the storm's heavy winds knocked trees onto several houses, according to the Memphis Police Department. In Tennessee's McNairy County, officials reported that an additional two people had died, having reported seven deaths earlier on Saturday, according to local media. U.S. President Joe Biden declared a "major disaster" in Arkansas on Sunday, ordering federal aid to help with the recovery. loadingSimilarly severe weather, including thunderstorms, was forecast for Tuesday in much of the Midwest between Chicago and Little Rock, Arkansas, the center said.
WASHINGTON, March 29 (Reuters) - U.S. President Joe Biden and first lady Jill Biden will visit Rolling Fork, Mississippi, on Friday after the town was devastated by a tornado last week that killed 26 people, the White House said. The Bidens will meet with first responders, state and local officials and people impacted by the recent storms, and survey recovery efforts, the White House said in a statement. The powerful tornado ripped through the town of 1,900 on Friday night, destroying many of the community's 400 homes. On Saturday, Biden ordered federal aid to supplement state, tribal and local recovery efforts in the affected areas. Reporting by Eric Beech; editing by Costas Pitas and Sonali PaulOur Standards: The Thomson Reuters Trust Principles.
Sen. Elizabeth Warren sent a letter to the Education Department with recommendations to better protect student-loan borrowers. Biden's Education Department has reformed the borrower defense to repayment, which are claims students can file if they believe they were defrauded by the school they attended. In her letter, Warren urged Cardona to ensure predatory schools cannot receive federal aid. It aimed to prevent students from borrowing federal loans for programs they probably wouldn't be able to pay off. But in 2010, former President Donald Trump repealed the rule, and Biden's Education Department pushed off reinstating it until 2024.
Biden declares emergency for Mississippi due to storm damage
  + stars: | 2023-03-26 | by ( ) www.reuters.com   time to read: 1 min
[1/2] An aerial view of destroyed homes after thunderstorms spawning high straight-line winds and tornadoes ripped across the state in Rolling Fork, Mississippi, U.S., March 25, 2023. REUTERS/Cheney OrrMarch 26 (Reuters) - U.S. President Joe Biden approved an emergency declaration for Mississippi on Sunday after a powerful storm tore across the state, killing at least 25 people there and one in Alabama. Biden ordered federal aid to supplement state, tribal and local recovery efforts in the affected areas, a White House Statement said. The funding will be available to affected people in the counties of Carroll, Humphreys, Monroe, and Sharkey, the statement said. Reporting by Jahnavi Nidumolu in Bengaluru Editing by Frances KerryOur Standards: The Thomson Reuters Trust Principles.
Following the collapse of California-based Silicon Valley Bank and New York-based Signature bank last Friday and Sunday, respectively, regulators announced a series of emergency measures to stabilize the nation's banking system. "It will take time for markets to catch up with the actions that have been taken by us and by these banks," Adeyemo said on CNBC's " Squawk on the Street ." The result of the actions was a dramatic turnaround in the fortunes of numerous banks, said Adeyemo. That included banks that had anticipated potential mass withdrawals, and pledged collateral ahead of time expecting to need emergency loans. "Are all uninsured depositors in the U.S. banking system protected right now?"
Biden released a plan in August to reform income-driven repayment plans for student-loan borrowers. It also projected the more generous plan would lead to increased borrowing given the lower cost to take on debt. While Democratic lawmakers lauded the proposed improvements to IDR plans, Republican lawmakers criticized the proposal, along with its potential cost. Insider has previously reported that Biden's IDR reforms could keep borrowers in the same repayment cycle if it isn't implemented properly. "Under current IDR plans, most borrowers can expect to repay some or all their debt," the analysis said.
REUTERS/Andrew Winning/File PhotoWASHINGTON, March 7 (Reuters) - Engineering company Siemens AG (SIEGn.DE) will announce on Tuesday it is investing over $220 million to build a rail car manufacturing facility in North Carolina, the White House and Siemens said. Busch said Siemens has a "strong foothold" in the market and sees longer term growth opportunities in high-speed rail. Siemens' rail unit will be receiving a jobs development grant from the state of North Carolina, the company said. Funding comes in part from the bipartisan infrastructure law passed in 2021, the White House said. The $1 trillion infrastructure law provides $66 billion for rail, an unprecedented boost in federal aid for trains.
Joe Raedle | Getty Images News | Getty ImagesIf you think the economy is confusing right now, consider how baffling it must look to Home Depot and Walmart. Home Depot said consumer spending is holding up, but that it expects a flat sales-growth year overall, with declining profits. Friday's PCE showed consumer spending rose more than expected as prices increased, jumping 1.8% for the month compared to the estimate of 1.4%. It wasn't a good week for the retail sector or consumer stocks, either. "The outlook for sustained consumer spending growth remains," wrote consumer analyst Jason English.
Federal air-safety investigators are probing the incident that occurred Wednesday between Mesa Air and SkyWest planes at the Burbank, Calif., airport. Aviation-safety officials said they are investigating a close call between two regional jets at an airport near Los Angeles this week, the latest in a series of similar incidents in recent weeks. Mesa Air Group Inc. pilots discontinued a landing Wednesday evening at Hollywood Burbank Airport in Burbank, Calif., after an air-traffic controller cleared another plane to depart ahead of it, according to the Federal Aviation Administration.
Warren and Sanders joined 6 of their colleagues in calling for a strengthened gainful employment rule. The rule would cut off federal aid to schools that offer programs that leave students with more debt than their degree can pay off. Trump repealed the rule, and Biden has since delayed its timeline to reinstate it. Advocates have also pushed for the reinstatement of the rule, along with other measures to prevent schools from offering degrees that won't pay off post-grad. A department spokesperson told Insider last year that the "administration is committed to preventing a future student debt crisis by holding colleges and universities accountable if they leave students with mountains of debt or without good jobs."
Very concerned.”“After the vaccine rolled out, the FAA secretly widened the EKG parameter range for pilots so they wouldn’t be grounded. A PR interval between 120 and 200 milliseconds (ms) is considered normal, according to standard medical practice (here ). A PR interval greater than 200ms is considered to be a first degree atrioventricular block (AV block), which means that the signals are delayed (though not blocked), as explained (here). According to the American Heart Association (here), "A first-degree heart block occurs when the electrical impulse moves through the heart’s AV node slower than normal. First-degree heart block rarely causes symptoms and may not require treatment."
As a result, many students are turning to other options to pay for studying abroad — if they're available. The cost of studying abroad may be one of the biggest deciding factors in who gets to go. Black students made up just 4% of students who studied abroad in the 2020-21 school year. While the share of non-white students studying abroad increased by 10 percentage points between the 2010-11 and the 2020-21 academic years, white students still make up 68% of students studying abroad, according to the Institute for International Education. While white students and Black students take out loans at similar rates — 40% of white students use loans to pay for college compared with 50% of Black students, according to Education Data Initiative — Black students often have a harder time paying back their loans.
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