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☆ What the next Trump presidency could mean for US education
▼ + stars: | 2024-11-17 | by ( Katie Lobosco | Devan Cole | ) edition.cnn.com time to read: +12 min

Here are some of the things Trump has pledged and how or whether they could become reality:Abolishing the Department of EducationPledge: Trump has repeatedly said he will close the federal Department of Education, sending authority over education back to the states and saving taxpayer dollars. Trump has distanced himself from the policy paper, but a CNN review found that at least 140 people who worked in the first Trump administration were involved. How it could be done: It’s not clear how the Trump administration could achieve these goals. But the new Trump administration could set certain requirements that schools must meet to receive federal funding. The Trump administration could decide to rescind the repayment plan, which was created by a regulatory process.

Persons: Donald Trump, ”, “, Trump, Joe Biden, Betsy DeVos, Robert Enlow, Brian Snyder, ” Trump, Derrell Bradford, Biden, it’s, It’s, Vanessa Kelly, Thomas Toch, Georgetown University’s, ” Toch, Gene J, –, doesn’t, Congress –, Trump’s, Obama Organizations: Washington CNN —, ”, Department of Education, of Education, Education, Labor, Department of Health, Human Services, Heritage Foundation, CNN, of Education’s, Civil Rights, Department of Justice, Department of Treasury, Base Andrews, Reuters Universal, Trump, Vance, “, Fox Business, Republican, Children, IX, GOP, Biden, Department, Justice, Georgetown, Georgetown University’s McCourt School of Public, Penn State University, 8th, Public, Congress Locations: Maryland, Washington

☆ The election is over, but bettors are still wagering on these 8 political predictions
▼ + stars: | 2024-11-16 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

AdvertisementPrediction markets made a splash during 2024 Presidential election. Billions of dollars were bet on the presidential election outcome via prediction market platforms like Kalshi and Polymarket this year. Here are some political bets to watch on Kalshi and Polymarket now that the presidential election is over. Johnnie Izquierdo/Getty ImagesCurrent odds: Yes (32¢), No (69¢)Betting volume: $285,843Trump ends Gaza war by first 100 days? Mostafa Bassim/Anadolu via Getty ImagesCurrent odds: Yes (47¢), No (54¢)Betting volume: $267,997

Persons: Kalshi, Mike Tyson, Jake Paul, Donald Trump's, Gavin Newsom, Josh Shapiro, Gretchen Whitmer, Pete Buttigieg, Andy Beshear, JD Vance, Anna Moneymaker, Vivek Ramaswamy, Ron DeSantis, Donald Trump Jr, Marco Rubio, Donald Trump, Robert F, Kennedy, Kevin Dietsch, Elon Musk, Steve Bannon, Jared Kushner, Ben Carson, Ken Paxton, Betsy DeVos, Ivanka Trump, Oleg Petrasiuk, Matt Gaetz, Trump, Tom Williams, DOUG MILLS, Karoline Leavitt, Scott Jennings, Tucker Carlson, Alina Habba, Kari Lake, Peter Doocy, Johnnie Izquierdo, Mostafa Bassim Organizations: Democratic, Republican, Libertarian National Convention, RFK Jr, Trump, 24th Mechanised Brigade, AP, United, Trump's, Getty, George Washington University in, George Washington University in Washington DC Locations: Trump's, Ukraine, Florida, Gaza, George Washington University in Washington, Anadolu

Roughly $130 million of Harris’ campaign spending went toward media expenses. Thursday’s filings show that Musk’s super PAC drew other donors in October. He had previously donated to a super PAC supporting Nikki Haley’s failed bid for the Republican presidential nomination. Legal feesEven as Trump raises money for his presidential campaign, his political operation continues to underwrite the former president’s legal bills. Between October 1 and 16, Save America, the former president’s leadership PAC, spent $3.9 million on “legal consulting,” records show.

Persons: CNN — Elon, Donald Trump, Kamala Harris, Harris, Harris ’, Trump, Joe Biden, Musk, Nelson Peltz, Betsy DeVos, Richard Uihlein, Uihlein, Elizabeth, Miriam Adelson, Sheldon Adelson, Ronald Cameron, WhatsApp, Jan Koum, Nikki Haley’s, MAGA, Warren Stephens, Woody Johnson, Dustin Moskovitz, Liz Cheney, isn’t, ”, Robert, Clifford Robert Organizations: CNN, Democratic, Trump, Federal, Commission, US Justice Department, America PAC, Republicans, Republican, Billionaire, Trump’s, PAC, Schlitz Brewing, Preserve, Preserve America, Inc, New York Jets, Facebook, Harris, American, president’s Locations: AdImpact, Michigan, Arkansas, United Kingdom, Wyoming, New York

☆ Elon Musk’s super PAC awards $1 million prizes to 2 registered voters, despite DOJ warning
▼ + stars: | 2024-10-25 | by ( Marshall Cohen | ) edition.cnn.com time to read: +3 min

CNN —Elon Musk’s super PAC awarded two $1 million prizes to registered voters in Michigan and Wisconsin on Thursday, after being warned by the Justice Department that the payments might be illegal. Musk, the CEO of Tesla and the richest man in the world, launched the sweepstakes on Saturday and his super PAC had named a winner each day – until Wednesday. The group has not provided any public explanation for the apparent one-day pause, and a spokesperson for the super PAC declined to comment. Federal filings show Musk has given nearly $119 million – including about $44 million in October – to America PAC, the super PAC he helped form to reelect Trump. He has said he hopes the sweepstakes will boost registration among Trump voters.

Persons: CNN — Elon, Donald Trump, Tesla, It’s, Musk, Josh Shapiro, reelect Trump, Trump, Betsy DeVos, Kamala Harris ’, CNN’s David Wright Organizations: CNN, CNN — Elon Musk’s, Justice Department, PAC, Trump, ”, Pennsylvania, Democrat, America PAC Locations: Michigan, Wisconsin, Pennsylvania, –

☆ New York Times: Trump made offensive remark about Harris’ mental acuity at dinner with donors
▼ + stars: | 2024-10-12 | by ( Kaanita Iyer | ) edition.cnn.com time to read: +3 min

CNN —Former President Donald Trump called Vice President Kamala Harris “retarded” while attempting to convince top Republican donors to pour more money in his campaign, The New York Times reported Saturday. According to the Times, the former president’s offensive remark came during a dinner with donors at his penthouse apartment last month. Sources told the Times that Trump was frustrated with fundraising numbers as Harris continues to bring in more cash than his campaign. “If money guaranteed electoral success, Hillary Clinton would have been president,” Trump’s campaign said Saturday in a statement to CNN. “President Trump is in a better financial position than ever before, and he’s leading in the polls,” campaign spokeswoman Karoline Leavitt added.

Persons: Donald Trump, Kamala Harris “, Betsy DeVos, Paul Singer, Warren Stephens, Joe Ricketts, Trump, Harris, Hillary Clinton, ”, he’s, Karoline Leavitt, Joe Biden, ” Harris, “, CNN’s Fredreka, Alayne Treene, Edward, Isaac Dovere Organizations: CNN, The New York Times, Times, “, Twitter Locations: OpenSecret, Pennsylvania

A school-privatization activist and frequent Fox News guest whose work has been praised by former President Donald Trump was placed on leave by his conservative nonprofit employer after reports that he had appeared in gay pornography videos surfaced. A person who resembles DeAngelis and performs under the name “Seth Rose” appears in at least three gay adult films on the pornography site GayHoopla dating to 2014. The existence of the videos was first reported last week by the blog Str8 Up Gay Porn, which shares gay porn and articles about sex. In more recent years, he has become a fierce advocate of “school choice,” which subsidizes private schools with public dollars. “It’s just so strange how the far left is so obsessed with inserting sexual topics into elementary schools,” DeAngelis said in the segment.

Persons: Donald Trump, Corey DeAngelis, Betsy DeVos, Rebekah Bydlak, “, ” Bydlak, DeAngelis, Seth Rose ”, “ Seth Rose ”, Forbes, Carl Nassib, “ It’s, ” DeAngelis, ”, ’, ” Trump, “ Corey DeAngelis, JD Vance, Vance, Mike Johnson, — Organizations: Fox News, American Federation for Children, University of Arkansas, Los Angeles Unified School District, NFL, Parental, Republican, Trump, American Federation for, NBC Locations: Israel

☆ What to know about the 25th Amendment and Joe Biden as Republicans allege a ‘cover-up’
▼ + stars: | 2024-07-24 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

Even before Biden dropped out of the race, Rep. Chip Roy, the Texas Republican, filed a resolution in June after the president’s disastrous debate performance, calling on the 25th Amendment to be used against Biden. After Biden withdrew from the race, Missouri Sen. Eric Schmitt, a Republican, wrote letters to Harris and the Cabinet officials in the Biden administration, asking them to remove Biden from office. To forcibly wrest power from a sitting president, the vice president would have to be on board, according to the text of the amendment. Why do we have the 25th Amendment? That was before the 25th Amendment, so there was no constitutional rule.

Persons: Joe Biden’s, –, Biden, Trump, Kamala Harris, Chip Roy, Mike Johnson, CNN’s Jake Tapper, “, ” Johnson, Missouri Sen, Eric Schmitt, Harris, ” Schmitt, Antony Blinken, Insurrectionists, Donald Trump, John Minchillo, Betsy DeVos, Mike Pence, Kevin McCarthy, recommitted, Nancy Pelosi, John F, Kennedy, Dwight D, Eisenhower, Kennedy slumps, Jacqueline Kennedy, Clinton Hill, Ike Altgens, Richard Nixon, Reagan Organizations: CNN, Democratic, Federal, Commission, Texas Republican, Republican, Trump’s, Republicans, USA, Trump Cabinet, New York Times, Trump, Reagan Locations: Missouri, Trump, Washington ,, Dallas

☆ Why student loan forgiveness remains a key issue for the Biden campaign
▼ + stars: | 2024-03-30 | by ( Katie Lobosco | ) edition.cnn.com time to read: +9 min

Still, the Biden campaign sees student debt forgiveness as a winning issue. The administration is working on developing another student loan forgiveness program, relying on a different legal authority this time. Student debt policy has come a long wayStill, student loan borrower advocates agree that forgiveness for nearly 4 million people is worth acknowledging. Before the 2016 presidential campaign, broad student debt cancellation was not an issue that candidates usually campaigned on. Cole also served on the Department of Education’s rulemaking committee tasked with developing the new student loan forgiveness program.

Persons: Joe Biden, Biden, It’s, –, ”, Braxton Brewington, “, ” Biden, Donald Trump, Trump, we’ll, it’s Joe Biden, Seth Schuster, Trump Democratic Sen, Elizabeth Warren –, Betsy DeVos, “ Joe Biden, ” Warren, DeVos, he’s, The Trump, it’s, There’s, that’s, Brewington, Wisdom Cole, Cole, Jill Biden’s, ” Cole, Warren, CNN’s Ariel Edwards, Levy Organizations: Washington CNN, Supreme, Republican, Biden, Trump Democratic, CNN, Education Department, Corinthian Colleges, The, PSLF, Department of Education, NAACP Youth & College Division, Department, Education’s, State, Union, Black, KFF, NAACP Locations: California, United States, Massachusetts

☆ God's Man in Washington
▼ + stars: | 2024-02-27 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +34 min

Trump's departure from the White House hasn't stopped him from using the old administration's star power to fuel Capitol Ministries' growth. But regardless of what happens this coming November, Capitol Ministries is quickly becoming the face of American GOP-style evangelicalism around the world. Other than Ralph's wife, Danielle, and a few members of Capitol Ministries' administrative staff, the room was almost entirely men. Rick Perry spoke to Drollinger at Capitol Ministries' global summit in Washington, DC. And yet, on the question of whether and why to support Israel, Drollinger was indeed looking to Revelation for answers.

Persons: Cheyne, —, He'd, Christ, Rick Perry, Cheriss, Trump, Mike Johnson —, Ralph Drollinger, Drollinger, Alex Acosta, Perry, Acosta, Mike Pompeo, Betsy DeVos, Sonny Perdue, Ben Carson, Jeff Sessions, hasn't, Danielle, you've, Donald Trump, Capitol Ministries doesn't, Samson, Matthew, didn't, Volodymyr Zelenskyy, Rick, I'm, Ralph Drollinger's, Daniel Ortega, Ralph, he'd, Washington —, Ortega, Douglas Coe, Maria Butina, Joe Biden, forbearance, Bruce Westerman, Bruce Westerman of, Glenn, Thompson, George Washington, Fame, Mike Johnson, Benjamin Netanyahu, Johnson, Washington, Moses, I've, Westerman, I'd, Netanyahu, God, that's, he's, we're, That's, Israel, King David, wilder, MAGA, David Barton, WallBuilders, doesn't, George W, Bush, Donald Trump's, Mattathias Schwartz Organizations: Hill Club, Business, Israel, Mmm, Christ, Capitol Ministries, Capitol Hill, Capitol Ministries Bible, Trump Cabinet, BI, GOP, Capitol, White, Capitol Ministries ', Trump, NBA, of Energy, Trump's, American GOP, Pacific, BI Drollinger, Capitol Hill Club, Washington Hilton, Senate, Training, Liberty, Gettysburg, Capitol Ministry, NPR, United States Congress, Washington Bible, Republican, Democratic, Times, Wall Street Journal, Brown University Locations: Washington , DC, Arkansas, Hebrew, Israel, Gaza, Egypt, United States, Texas, Washington, Seoul, Kathmandu, Iowa, Rwanda, Ukraine, Washington ,, Drollinger, Nicaragua, California, Nicaraguan, Bruce Westerman of Arkansas, Pennsylvania, Philadelphia, schwartz79@protonmail.com

☆ Nearly 153,000 people will be notified that their student loan debt is canceled
▼ + stars: | 2024-02-21 | by ( Katie Lobosco | ) edition.cnn.com time to read: +8 min

Washington CNN —Nearly 153,000 student loan borrowers currently enrolled in a new repayment plan launched by the Biden administration are expected to get an email Wednesday notifying them that their remaining federal student loan debt will be canceled, totaling about $1.2 billion. Biden’s plans to provide student debt relief were dealt a significant blow when the Supreme Court rejected his signature student loan forgiveness program last year. Nearly $138 billion of federal student loan debt has been canceled for almost 3.9 million borrowers since Biden took office. Most of the federal student loan debt cancellations that have taken place under Biden have come through programs that existed before he took office. The PSLF program cancels outstanding federal student loan debt for public-sector workers who have made 120 qualifying monthly student loan payments, or about 10 years’ worth of payments.

Persons: Biden, Joe Biden, Biden’s, “, ” Biden, he’s, Trump, Betsy DeVos, CNN’s Nikki Carvajal, Kevin Liptak Organizations: Washington CNN, Republican, Department of Education, SAVE, of Education, Office, PSLF, Corinthian Colleges, Social Security Administration, Department of Veterans Affairs, Department, Education, Social Security Locations: Culver City , California

☆ 17 Trump Cabinet-Level Appointees Criticizing Trump - The New York Times
▼ + stars: | 2024-01-18 | by ( Sarah Longwell | ) www.nytimes.com time to read: +13 min

Mr. Trump churned through cabinet-level appointees so fast that at times it seemed like he was still on “The Apprentice” and had to fire one official every week. Not only are they people whom Mr. Trump chose — he claimed he would hire the “best people” — they are people who thought Mr. Trump was worth working for. Judging only by the words of many former high-level appointees, a second Trump term would be catastrophic for the country. BlamedTrump forJan. 6 CriticizedTrump duringhis term CriticizedTrump afterhis term HighlightedTrump’s legalissues Ruled outvoting Trumpin 2024 Moron,” Mr. Tillerson reportedly said of Mr. Trump. He wrote an op-ed published just after the 2020 election claiming that Mr. Trump would “concede gracefully” if he lost.

Persons: them.They, Donald Trump, Trump’s, ’ Said, Donald Trump’s, Trump, didn’t, —, Mr, Richard Nixon, Mark Milley, Milley, ” Richard Spencer, Eddie Gallagher’s, ” H.R, McMaster, ” James Mattis, ” Mark, George Floyd, ” John Kelly White, autocrats, Loyalists Elaine Chao, George W, Bush, ” Alex Azar, Rex Tillerson, “, ” Mr, Tillerson, Dan Coats, ” Betsy DeVos, Mick Mulvaney, ’, William Barr, George H.W, George H.W . Bush, ” John Bolton, Ronald Reagan, …, Mike Pompeo, ” Mike Pence, Mike Pence ”, Pence, ” Organizations: Mr, Republican, Trump, Army, Joint Chiefs, Staff, Jan, Marines, Navy, White House, Defense, Marine, ISIL, ” John Kelly White House, Homeland, Marine Corps, The, Loyalists, Transportation, Labor, Capitol, Health, Human Services, State, ExxonMobil, National Intelligence, Mar, Education, Republican Party of Michigan, Management, ” John Bolton White House, U.S, United Nations, White Locations: Iowa, Iraq, Afghanistan, Syria, Jan, United States, America, Moron, Germany, Mar, South Carolina, George H.W ., Kansas, Indiana

☆ Ex-Trump Education Secretary Betsy DeVos, who last year said the department she once led 'should not exist,' maxes out political contributions to Michigan GOP Senate candidate Mike Rogers
▼ + stars: | 2023-10-30 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Ex-Education Secretary Betsy DeVos maxed out contributions to Michigan GOP Senate candidate Mike Rogers. In total, the DeVos family gave Rogers $46,200 in the third quarter, a significant sum this early in the race. In addition to Betsy DeVos, several other members of the DeVos family — who are highly influential in Michigan Republican politics — gave the maximum political contributions to Rogers. Betsy DeVos, a former Michigan Republican Party chair, served as Education secretary under President Donald Trump from February 2017 to January 2021. Last year, the former Education secretary attracted renewed attention after she remarked that the department she once led "should not exist" during a speech at the national Moms for Liberty summit.

Persons: Betsy DeVos maxed, Mike Rogers, DeVos, —, Betsy DeVos, Rogers, Richard, Dick, Daniel DeVos, Douglas DeVos, Maria DeVos, Pamella DeVos, Suzanne DeVos, Donald Trump, Trump, needled Trump, Joe Biden's, Democratic Sen, Debbie Stabenow, Tudor Dixon, Gretchen Whitmer, Elissa Slotkin, Hill Harper, Nasser Beydoun, Leslie Love, Pamela Pugh, Zack Burns Organizations: Michigan GOP, Rogers, Service, Trump Education, Michigan Republican, Federal, Commission, Senate, Amway, Michigan Republican Party, Democratic, Liberty, House Intelligence Committee, Republicans, Michigan Republicans, Democratic Gov, Leslie Love , Michigan State, of Locations: Michigan, Leslie Love ,

☆ Student loan forgiveness: How Biden continues to cancel debt after Supreme Court ruling
▼ + stars: | 2023-10-22 | by ( Katie Lobosco | ) edition.cnn.com time to read: +9 min

Washington CNN —Although the Supreme Court struck down President Joe Biden’s signature student loan forgiveness program in late June, his administration has found ways to cancel more than $48 billion in debt since then. That’s more student loan forgiveness than was granted under any other administration – in part due to the Biden administration’s efforts to temporarily expand some debt relief programs and to correct past administrative errors made to borrowers’ student loan accounts. Expanding debt relief program for public-sector workersNearly $51 billion of student loan debt has been canceled for 715,000 borrowers through the Public Service Loan Forgiveness program since Biden took office. The PSLF program cancels outstanding federal student loan debt for public-sector workers who have made 120 qualifying monthly student loan payments, or about 10 years’ worth of payments. Nearly 513,000 borrowers with a total and permanent disability have received $11.7 billion in student loan forgiveness since 2021.

Persons: Joe Biden’s, Biden, Trump, they’d, –, “, Virginia Foxx, ”, Abby Shafroth, Shafroth, Betsy DeVos Organizations: Washington CNN, of Education, Office, Congress, ”, CNN, Department of Education, Republican, Education, White, New Civil Liberties Alliance, Cato Institute, Mackinac Center for Public Policy, National Consumer Law Center, Loan, Public, PSLF, University of Phoenix, Corinthian Colleges, Social Security Administration, Department of Veterans Affairs, Department, Social Security Locations: Michigan

☆ Student-loan borrowers could lose more than debt cancellation if the presidential election doesn't go Biden's way
▼ + stars: | 2023-10-21 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

AdvertisementAdvertisementThe 2024 presidential election is quickly approaching — and there's a lot on the line for student-loan borrowers. While most federal borrowers were not required to make any payments for nearly three years of President Joe Biden's first term, they were also hopeful for broad debt relief. Now the Education Department is in the process of crafting a new plan under a different law. Here's what Republican presidential candidates are saying about the Education Department — and how it could impact millions of student-loan borrowers. And while private banks administer non-federal loans, borrowers with private debt often face higher interest rates without the option for federal relief.

Persons: —, Joe Biden's, Biden, Donald Trump's, Betsy DeVos, Ron DeSantis, Education Department —, Nikki Haley, Tim Scott, Chris Christie, Vivek Ramaswamy, Ramaswamy, Thomas Massie, Massie, Pell, Ronald Reagan Organizations: Department, GOP, Education Department, Service, Republican, Federal Department of Education, of Education, Education Department —, Internal Revenue Service, Department of Commerce, Energy Department, Education, Washington, Federal Locations: Florida, Washington ,

☆ The N.B.A. and Its Owners Fight for Change. But Not Necessarily the Same Change.
▼ + stars: | 2023-08-02 | by ( Sopan Deb | More About Sopan Deb | ) www.nytimes.com time to read: +1 min

In June 2022, on the same day the Supreme Court overturned Roe v. Wade, Adam Silver, the N.B.A. commissioner, released a statement jointly with the W.N.B.A.’s commissioner, Cathy Engelbert. The Magic are owned by the DeVos family, well-known conservatives. Betsy DeVos, the daughter-in-law of the former Magic chairman Richard DeVos, who died in 2018, was former president Donald J. Trump’s education secretary. The check was written on May 19, according to a team spokesman.

Persons: Roe, Wade, Adam Silver, ’, Cathy Engelbert, Silver, Engelbert, —, Ron DeSantis, Betsy DeVos, Richard DeVos, Donald J, DeSantis Organizations: Orlando Magic, Gov, Republican Locations: Florida

☆ Billionaire DeVos family looks to DeSantis, not Trump, in 2024
▼ + stars: | 2023-08-02 | by ( Brian Schwartz | ) www.cnbc.com time to read: +7 min

Octavio Jones | ReutersThe billionaire DeVos family, whose matriarch, Betsy DeVos, served in Donald Trump's Cabinet, appears to be backing a Trump rival in the 2024 Republican presidential contest: Florida Gov. And though the Federal Election Commission filing does not name any member of the DeVos family, the Michigan billionaires own the team. Following publication of this story, Betsy DeVos' chief of staff, Nate Bailey, said she was "undecided and uncommitted on the race for president, as is the entire DeVos family." Leah Millis | ReutersA spokesman for the DeVos family investment firm, RDV, did not respond to requests for comment. But that curriculum is exactly what draws members of the DeVos family to DeSantis.

Persons: Ron DeSantis, Octavio Jones, DeVos, Betsy DeVos, Donald Trump's, wokeness, Joel Glass, Governor DeSantis, Glass, DeSantis, Dick DeVos, Dan DeVos, Nate Bailey, Bailey, Leah Millis, RDV, Jason Miller, Ron DeSanctimonious, Miller, Betsy, Tudor Dixon, Trump, Joe Biden, Mike, Pence, Darius Garland, Schofield Organizations: Florida Gov, Cambridge Christian School, Trump, Republican, DeSantis, NBA, Orlando, CNBC, Governor, Orlando Magic, . Education, Federal Commission, School, White, Washington , D.C, Reuters, Michigan Republican, Trump's, Make, Inc, FEC, Detroit, RDV, Cleveland Cavaliers, National Basketball Association, Getty Locations: Florida, Tampa , Florida, Michigan, Central Florida, Washington ,, Cleveland , Ohio

☆ Listen to leaked audio of Betsy DeVos and Ron DeSantis during April 2022 town hall
▼ + stars: | 2023-08-02 | 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 EmailListen to leaked audio of Betsy DeVos and Ron DeSantis during April 2022 town hallFlorida Gov. Ron DeSantis, a Republican presidential candidate, and former U.S Secretary of Education Betsy DeVos speak during a April 2022 virtual town hall, captured on leaked audio obtained by CNBC.

Persons: Betsy DeVos, Ron DeSantis Organizations: Florida Gov, Republican, CNBC Locations: Florida

☆ The Orlando Magic, an NBA team sponsored by Disney, donated $50,000 to Ron DeSantis' super PAC
▼ + stars: | 2023-08-01 | by ( Madison Hall | ) www.businessinsider.com time to read: +2 min

The Orlando Magic is currently sponsored by Disney. The team just donated $50,000 to the super PAC supporting DeSantis' presidential campaign. A representative from the Orlando Magic told Insider the company does not "publicly comment on political contributions." The Orlando Magic donated $50,000 to DeSantis' super PAC while also taking in sponsorship money from Disney, a corporation that DeSantis and his state administration have been headbutting with in a yearslong feud after Disney pushed back against what critics called his "Don't Say Gay" legislation. As part of a "multi-year agreement" with Disney, the Orlando Magic team jersey prominently sports a 2.5 in x 2.5 in Disney logo on the front of their uniform.

Persons: Ron DeSantis, DeSantis, Paolo Banchero, Alex Shultz, it's, Richard DeVos, Donald Trump's, Betsy DeVos, It's, Dan DeVos Organizations: Orlando, Disney, Florida Gov, Service, NBA, Republican Florida Gov, Federal, DeSantis, Orlando Magic, SFGATE, Democratic House, Maverick, USA, Conservative, National Republican Locations: Wall, Silicon, Florida

☆ Biden's Education Department just finalized a rule allowing states to protect student-loan borrowers from 'unfair and deceptive practices,' reversing the Trump administration's efforts
▼ + stars: | 2023-07-24 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Education Department finalized a rule to allow state oversight into federal student-loan servicers. The rule is intended to protect borrowers from misleading behavior or inaccurate payment counts. The department concluded that the Higher Education Act of 1965 allows states to play a role in regulating federal loan servicers to better protect borrowers from misleading behavior. "States may consider and adopt additional measures which protect borrowers and can be harmonized with Federal law," it said. The notice does have some limits on what states can do, like ruling a federal loan servicer in a state cannot continue operations.

Persons: Joe Biden's, Miguel Cardona, Donald Trump's, Betsy DeVos, —, servicers Organizations: Education Department, Service, Joe Biden's Education Department, Federal, Higher, Department, servicer Locations: Wall, Silicon, Federal, —

☆ These rich and famous people got burned by investing hundreds of millions in Elizabeth Holmes' Theranos
▼ + stars: | 2023-06-04 | by ( Ryan Hogg | Sarah Jackson | ) www.businessinsider.com time to read: +4 min

Here are some who got burned by Theranos, from the Walton family to Rupert Murdoch. Rupert Murdoch invested $125 million in Theranos. Julio Cortez/APThe DeVos familyThe DeVos family, who are heirs to the Amway empire and includes former US Secretary of Education Betsy DeVos, poured $100 million into Theranos. Joshua Roberts/ReutersThe Cox familyTheranos also got $100 million from the Atlanta-based billionaire Cox family, which owns the media and automotive company Cox Enterprises. The Cox family was the eight-wealthiest in the US as of 2020, with a net worth of $34.5 billion at the time, according to Forbes.

Persons: Elizabeth Holmes, Theranos, Walton, Rupert Murdoch, Holmes, Ramesh, Sunny, Balwani, Forbes —, Murdoch, Julio Cortez, Betsy DeVos, they're, Joshua Roberts, Cox, Carlos Slim Carlos Slim, América, Andreas Dracopoulos, Stavros Niarchos, Robert Kraft, It's, Kraft, Tom Brady, Matt Slocum, Alan Eisenman Alan Eisenman, Eisenman Organizations: Morning, Wall Street, Walmart, Forbes, Rupert Murdoch Media, Street, Amway, Cox Enterprises, Stavros Niarchos Foundation, Robert Kraft New England Patriots, Bloomberg, New England Patriots, CBS Locations: Theranos, Atlanta, Latin America, Mexico, FTX

☆ Elizabeth Holmes and her ex-boyfriend and Theranos business partner have to pay $452 million in restitution, including $125 million to Rupert Murdoch
▼ + stars: | 2023-05-17 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

Elizabeth Holmes and Sunny Balwani, her ex and former business partner, have been ordered to pay $452 million in restitution. Payments include $125 million to Rupert Murdoch, his full investment in Theranos, and $40 million to Walgreens. Elizabeth Holmes has been ordered to pay a hefty sum in restitution to victims of Theranos' fraud. The biggest amount by far is earmarked for media mogul Rupert Murdoch, who will get back the full amount he poured into Theranos, $125 million. Besides the restitution, Holmes and Balwani will serve time in prison.

☆ Private school vouchers are shaping up to be huge part of the 2024 election as GOP candidates work to 'one up' each other on the issue
▼ + stars: | 2023-04-15 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +12 min

The GOP movement toward "school choice" is gaining momentum in many states. GOP presidential candidates have promised to send more public money to private schools. While battles over how classrooms should teach about race and LGBTQ topics have fired up the GOP base, the expansion of school vouchers is taking hold in red states. Spar said vouchers amounted to "using taxpayer money to go to private schools and home schools with practically no accountability." As Congress then turned its attention toward COVID pandemic relief, at least one bill that didn't pass had funding for private schools and homeschooling.

☆ U.S. Supreme Court won't halt $6 billion student debt settlement
▼ + stars: | 2023-04-13 | by ( John Kruzel | ) www.reuters.com time to read: +4 min

Around 3,500 borrowers entitled to automatic loan discharge under the settlement attended one of the three schools. The decision was separate from a case pending before the high court over the legality of President Joe Biden's plan to cancel $430 billion in student debt for about 40 million borrowers. The message is clear: the rights of student borrowers will not falter, even in the face of well-funded, overblown political attacks masquerading as legal argument," Connor told Reuters. Twenty conservative-leaning U.S. states, led by Ohio, had asked the Supreme Court to grant the request by the schools to pause further loan discharges under the settlement. Around 78,000 borrowers had already received loan discharges by April 11, the Biden administration told the justices in a court filing.

☆ 20 GOP-led states are asking the Supreme Court to halt Biden's latest student-debt cancellation for 200,000 borrowers, backing a request from 3 schools accused of defrauding their students
▼ + stars: | 2023-04-11 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

A federal judge ruled that 200,000 borrowers can move forward with relief in a borrower defense settlement. Last month, three schools mentioned in the settlement appealed the decision to the Supreme Court. 20 GOP-led states filed an amicus brief supporting the schools, arguing Biden doesn't have authority to carry out this relief. Unlawful delay of debt relief results in clear monetary harm." The Education Department has until Wednesday to file a response to the three schools' lawsuit, which currently sits with Supreme Court Justice Elena Kagan.

☆ $6 billion in student-loan forgiveness for 200,000 borrowers just cleared another hurdle — and all members involved in the years-long lawsuit can now get relief
▼ + stars: | 2023-04-05 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

An appeals court rejected three companies' request to pause relief for borrowers in the Sweet vs. Cardona lawsuit. Last year, a federal judge signed off on a settlement in the case that would give 200,000 borrowers $6 billion in debt relief. Those borrowers filed a lawsuit in 2019 over stalled borrower defense claims against the schools they attended. Cardona agreed to a settlement last summer in the case that would give 200,000 impacted borrowers $6 billion in debt relief. Borrowers who filed a claim against a school not included on that list will receive relief based on the following timeline:

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