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Manhattan Project: After a harrowing escape from Nazi-occupied Denmark in 1943, Bohr began consulting on the Manhattan Project. Manhattan Project: Between 1943 and 1944, Muller was a civilian advisor for the Manhattan Project, consulting on experiments studying the effects of radiation. Maria Goeppert Mayer, Nobel Prize in Physics, 1963Maria Goeppert Mayer worked on the Manhattan Project and later won the Nobel Prize in physics. Manhattan Project: Working as an assistant to his father, Niels Bohr, Aage Bohr proved instrumental in interpreting for some members of the Manhattan Project. Manhattan Project: At 18, Glauber was still a student at Harvard when he became one of the youngest scientists to join the Manhattan Project.
Persons: Robert Oppenheimer, Alfred Nobel, Joseph Rotblat, Albert Einstein, Christopher Nolan's, Oppenheimer, Niels Bohr, Bohr, Nicholas Baker, Nick, James Franck, Boyer, Roger Viollet, Gustav Ludwig Hertz, Niels Bohr's, Franck, Arthur Compton, Imagno, Compton, Harold Urey, Harold, Urey, James Chadwick, Chadwick, Enrico Fermi, Fermi, Ernest Lawrence, Lawrence, Isidor Isaac Rabi, Nancy R, Schiff, Rabi, Hermann Muller, Muller, Edwin McMillan, Bettmann, Glenn Seaborg, McMillan, Elsie McMillan, Seaborg, Felix Bloch, Edward Purcell, Nobel, Hans Bethe, Bloch, Purcell, Emilio Segrè, Owen Chamberlain, Chamberlain, Segrè, Willard Libby, Leona Libby, Lowell, Libby, Linus Pauling, Leona Woods Marshall Libby, Eugene Wigner, Wigner, Leo Szilard's, Einstein, Franklin D, Roosevelt, Maria Goeppert Mayer, J, Hans Jensen, Goeppert Mayer, Teller, Richard Feynman, Tomonaga, Julian Schwinger, Fenynman, Hans Bethe's, Feynmwan, Feynman, Schwinger, Robert Mulliken, Mulliken, Szilard, Hans A, Bethe, Luis Alvarez, Alvarez, Enola Gay, Walter Alvarez, James Rainwater, Aage Bohr, Ben Mottelson, Rainwater, Wu, Aage Niels Bohr, Mottelson, mumbled, Val Fitch, James Cronin, Fitch, Jerome Karle, Isabelle, Larry Morris, Herbert Hauptman, Karle, Isabella Karle, Norman Ramsey, Ellie Welch, Ramsey, Norman Ramsey's Nobel, David Cheskin, Rotblat, Russell, Bertrand Russell, Enstinen, Frederick Reines, Philippe Caron, Sygma, Reines, Roy Glauber, Gail Oskin, Glauber Organizations: Manhattan Project, Service, Manhattan, US Army, AP, Getty, University of Chicago's Metallurgical Laboratory, Chicago Met, Los Angeles Examiner, USC, Columbia, Keystone, Gamma, Columbia University, University of Chicago, Trinity Test, University of California, Lawrence Berkeley National Laboratory, Lawrence Livermore National Laboratory, Hulton, Trinity, Deutsch, Los Alamos, University of Chicago's Metallurgical, Atomic Energy Commission, Harvard University, MIT Rad Lab, Denver, Chicago Met Lab, Materials Laboratory, Los, Radiation Laboratory, MIT, University of Chicago's, Princeton University, Naval Research Lab, Washington, US Naval Research Laboratory, Science, World Affairs, Einstein, Los Alamos National Laboratory, Harvard, Institute for Locations: Wall, Silicon, Polish, Denmark, Copenhagen, Nazi, London , Washington, Los Alamos, German, Germany, Japan, Manhattan, British, France, Washington, DC, Berkeley, Ridge , Tennessee, Los, New Mexico, Hanford, antiprotons, Hiroshima, Lowell Georgia, San Diego, Chicago, Washington ,
Nolan's "Oppenheimer" fails to highlight the women who helped make the Manhattan Project possible. Here are the stories of just six of the hundreds of women that made essential contributions to the Manhattan Project in Los Alamos. Hornig first arrived at Los Alamos after Manhattan Project officials tapped her husband to join the effort. Los Alamos National LaboratoryCharlotte SerberCharlotte Serber first went to Los Alamos with her husband, a physicist, in 1942. Los Alamos National LaboratoryMaria Goeppert MayerTheoretical physicist Maria Goeppert Mayer contributed to the development of nuclear fission while working at Columbia University, Sarah Lawrence College, and visiting Los Alamos from time to time.
Persons: Nolan's, Oppenheimer, Christopher Nolan's, J, Robert Oppenheimer, Lilli Hornig, Charlotte Serber, Nolan, Hornig, Lilli Hornig's, Alamos National Laboratory Charlotte, Serber, Charlotte Serber's, Alamos National Laboratory Floy Agnes, Naranjo Stroud, Lee Floy Agnes, Lee, — Lee, Louis Slotin, Joan Hinton Joan Hinton, Hinton, Harry Daghlian, Joan Hinton, Reuters Elizabeth Graves Elizabeth Graves, Graves, Henry Barschall, Elizabeth Graves, Alamos National Laboratory Maria Goeppert Mayer, Maria Goeppert Mayer, Sarah Lawrence, Mayer, Edward Teller, Sharon McGrayne, Marie Curie Organizations: Manhattan, Service, Manhattan Project, Trinity Test, Hornig, Alamos National Laboratory, Sun, University of New, University of Chicago, American Indian Science and Engineering Society, University of Wisconsin, Los Alamos, Trinity, New York Times, Reuters, US Department of Energy, Columbia University, Sarah, Sarah Lawrence College Locations: Wall, Silicon, Los Alamos , New Mexico, Los Alamos, United States, Berlin, Germany, New Mexico, Japan, Santa Fe, University of New Mexico, Santa Clara Pueblo, Hiroshima, Nagaski, China, Beijing, Alamos, Los,
A new study links anonymous posts on "4chan for economists" to IP addresses at Harvard, Yale, and other top schools. Other snippets of posts with IP addresses at Harvard, Stanford, Yale, University of Chicago, and the National Bureau of Economic Research headquarters include: "Rapefugees Welcome!!!!! Other snippets of posts with IP addresses at Harvard, Stanford, Yale, University of Chicago, and the National Bureau of Economic Research headquarters include: "Rapefugees Welcome!!!!! Notre Dame IP addresses made up 3.4% of posts from a research-institution IP address. According to Ederer, it took just 15 minutes to figure out how to connect usernames with IP addresses.
Persons: Anya Samek, Samek, EJMR, Boston University's Florian Ederer, Yale's Paul Goldsmith, Pinkham, Kyle Jensen, Ederer, Christina Romer, Scott Cunningham, Rob Seamans, Merkel, bubba, Trevon Logan, that's, She's Organizations: Harvard, Yale, North American Economic Science Association Conference, University of Chicago, undergrad, National Bureau of Economic Research, American Economics Association, Baylor, Marvel, Stanford, University of Notre Dame, Columbia, Notre Dame, Ohio State University, UMass Amherst, University of California Locations: Tucson , Arizona, Cambridge , Massachusetts, Ederer, Erdogan's Turkey, troon, Samek, San Diego
The number of people doing platform gig work like deliveries on apps in the US grew by over 150% during the pandemic. The researchers used tax data from 90 gig economy platforms and apps for their analysis. "COVID was a watershed moment for a particular type of platform gig work, which is delivery work," Koustas said. Gig workers became younger and more female; 44% of transportation and delivery platform workers were female by 2021, per the working paper. While platform gig work climbed during the pandemic, a research brief about the working paper results states that other contract and freelance work fell during COVID.
Persons: Dmitri Koustas, COVID, Koustas Organizations: Service, The University of Chicago Harris School of Public, McKinsey, Workers, Economic Policy Institute Locations: Wall, Silicon, United States
Tu says leaving Wall Street was one of the best decisions she's ever made. I wanted to go on to Wall Street because that's what everybody else was doing. I chose Wall Street because a lot of my friends were interviewing for Wall Street jobs, and I didn't want to be left behind. I had never really thought about investing or growing my wealth until I hit the desk on Wall Street. Buzzfeed:Digital Media Strategy Salesperson, $80K base salary + commissionsAccount Executive, Client Partnerships, $100K base salary + $127K commissionsSenior Account Executive, Client Partnerships (2020), $110K base salary + $252K commissionsSenior Account Executive, Client Partnerships (2021), $120K base salary + $536K commissionsI worked on the digital marketing strategy sales team at BuzzFeed, focusing on establishing partnerships with brands.
Persons: Vivian Tu, Morgan, she's, , JP, JP Morgan, Rich BFF, it's, I've, Rich, Aria Yang Organizations: University of Chicago, Wall, Chicago, Fifth Third Bank, JP Morgan, Media, BuzzFeed, YouTube Locations: BuzzFeed
There were at least 19 Black scientists and technicians who worked on the Manhattan Project. In the labs, there were at least 19 Black scientists and technicians among the 400 or so scientists employed by the project. The project was unique for bringing together "colored and white, Christian and Jew" for a common cause, Arthur Compton, the Manhattan Project director in Chicago, said. The Manhattan Project did create opportunities for Black Americans' advancements, but many Black workers grappled with Jim Crow segregation. Many Black scientists involved in the Manhattan Project went on to build careers that advanced technology and expanded opportunities for other Black scientists.
Persons: Jim Crow, Robert Oppenheimer, Enrico Fermi, Arthur Compton, , Franklin D, Roosevelt, William Jacob Knox , Jr, Knox, Jesse Ernest Wilkins, Wilkins, Jasper Jeffries, Carolyn Parker, Samuel Proctor Massie, Moddie Daniel Taylor, Jeffries —, Szilard, Truman, Du Bois, Langston Hughes Organizations: Manhattan, Americans, Service, Manhattan Project, Black Americans, Black, Bilderwelt, Chicago Defender, Atomic Heritage Foundation Black, Massachusetts Institute of Technology, Columbia University, University of Chicago's, University of Chicago, Met Lab, Atomic Heritage Foundation, MIT Locations: Wall, Silicon, Germany, New York City, Chicago, Government, Hanford, Manhattan, Negros, Japan, Hiroshima
The problem is, conservative economists at the University of Chicago have spent the past 50 years insisting that under capitalism, predatory pricing is not a thing. Predatory companies could never recoup their losses, which meant predatory behaviors are irrational. Lots of economists have come up with solid counter-counterarguments to the Chicago School's skepticism about predatory pricing. A company that engages in predatory pricing and its late-stage investors might not recoup, but the venture investors do. "If people in Silicon Valley start thinking about this as a predatory pricing scam, then I think the late-stage investors will start asking questions."
Persons: Matt Wansley, Wansley, we're, Uber, Cardozo, Sam Weinstein, gobs, you've, , Brooke, Spencer Waller, Matsushita, Weinstein —, Justice Department —, it's, Weinstein, Matt, that's, Will Uber, Waller, David, Maurer, they've, Adam Rogers Organizations: Lyft, Big Tech, Cardozo School of Law, Justice Department, University of Chicago, Chicago School, Supreme, Matsushita Electric Industry Co, Zenith Radio Corp, Brooke Group, Brown & Williamson Tobacco Corp, United, Loyola's School of Law, Venture, Matsushita, VCs, Chicago, Loyola, pharma, aha, Wansley Locations: United States, Chicago, Silicon Valley, Silicon
CNN —A phenomenon that scientists have called “underground climate change” is deforming the ground beneath cities, a study conducted in Chicago has found. Technically known as “subsurface heat islands,” underground climate change is the warming of the ground under our feet, caused by heat released by buildings and subterranean transportation such as subway systems. “Deformations caused by underground climate change are relatively small in magnitude, but they continuously develop,” he said. “Calling it climate change seems like a bit of a coattail thing,” Archer, who was not involved with the study, said. The term “underground climate change,” however, was not coined for this study — it has been in use, and the phenomenon a subject of research, for some time.
Persons: , Alessandro Rotta Loria, Rotta Loria, David Archer, ” Archer, Rotta, Bruce Leighty, David Toll Organizations: CNN, Northwestern University, University of Chicago, , Communications Engineering, Chicago, Institute of Hazard, Durham University Locations: Chicago, Evanston , Illinois, Grant Park, Lake Michigan, United Kingdom
Russia's economy is going from bad to worse as Western sanctions hammer the country's key sectors. From plunging car sales to a dramatic collapse in its current-account surplus, there's no way to hide Moscow's troubles. Some have even blamed Russian President Vladimir Putin for inflicting so much pain on the nation, with Yale researchers saying he's "cannibalizing" Russia's economy in his urge to conquer Ukraine. Insider's Phil Rosen reported that car sales in Moscow have tanked by nearly 75% since the Ukraine war broke out. Plunging exportsAnother sign that Russia's economy is flailing is the dramatic collapse in its current-account balance.
Persons: Vladimir Putin, he's, Putin, Jeffrey Sonnenfeld, Steven Tian, Insider's Phil Rosen, Tian, Konstantin Sonin, Wagner Organizations: Service, Yale, Energy, Russia's Finance Ministry, University of Chicago Locations: Russia, Wall, Silicon, Ukraine, Russian, Moscow
An expert said trans kids need what all young people need: "to feel included and part of a family." The following afternoon, Flower and Jennilyn Nichols would see a doctor at the University of Chicago to learn whether they could keep Flower, 11, on puberty blockers. At least 20 states have enacted laws restricting or banning gender-affirming care for trans minors, though several are embroiled in legal challenges. Flower Nichols hugs her mom, Jennilyn Nichols, as they watch the Pride Parade, Saturday, June 10, 2023, in Indianapolis. Flower Nichols, middle, watches the Pride Parade with her parents Kris and Jennilyn Nichols, Saturday, June 10, 2023, in Indianapolis.
Persons: Flower Nichols, Jennilyn Nichols, Eric Holcomb, Darron Cummings Jennilyn Nichols, Nichols, Parker, Kris, Darron Cummings, Robert Marx, Marx, Krisztina Inskeep, Inskeep, Indiana University's Riley, Flower, Jennilyn, , Teresa Crawford, She's, ___ Arleigh Rodgers, Michael Goldberg, Rodgers, Goldberg Organizations: Indiana, Service, University of Chicago, Republican Gov, AP, of Science, Industry, Republican, San José State University, Indiana University's Riley Children's Hospital, Hoosier, Red, Indiana Statehouse, Scout, Chicago's Museum of Science and, Associated Press, America Statehouse News Initiative, America Locations: Indianapolis, Chicago, Wall, Silicon, Indiana, Indiana , Mississippi, babysit, brightened, Chicago's, Jackson
If contact information is disseminated about an individual, be it an email address, a phone number or a street address, it’s not reporting. It took me about 30 seconds to come up with “The Problems of Defining Whiteness,” “The Ambiguity of Whiteness” or “The Fluidity of Whiteness” as more authentic titles. Journey as a way to help her end a truly senseless controversy in time for the course to be taught. To borrow a word from the article, if Dr. Journey has prepared a solid, interesting course, it doesn’t need a “provocative” title inconsistent with its content.
Persons: it’s, It’s, David Friedman St, Rebecca Journey, I’m, Journey, Dallas Lea Alexandria Locations: James, La
AI would soon be better than human artists, Beverly was told. In October, Beverly checked a website, HaveIBeenTrained.com, that reveals if an artwork or photo was used to teach AI models. That image can still be fed to AI learning models, but the data gleaned from it would be inaccurate, Zhao told Insider. His team conceptualized the program when they were contacted by artists worried that AI models were specifically targeting their personal work. That could theoretically lead to a pseudo-arms race, where AI companies and the Glaze team continually try to one-up each other.
Persons: they've, She'd, Gigs, Beverly, I'd, Glaze, Ben Zhao, Zhao, Jackson, Autumn Beverly, Beverly Glaze, Celso Flores, Flickr, It's, Van Gogh, Sarah Andersen, Andersen, she's, you've, that's, Haibing Lu, Lu, Martin Senftleben, Senftleben, Harry Potter, J.K, Rowling doesn't, I'm, Midjourney Organizations: University of Chicago, Autumn Beverly, of Liberty, The University of Chicago, Santa Clara University, Tech, University of Amsterdam, Artists Locations: Ohio,
Today, 77.8% of women between the ages of 25 and 54 are in the labor force, surpassing the previous peak in 2000. "The most obvious explanation is that remote work expanded possibilities for this group that would not have been there otherwise," Terrazas says. "In those core family-raising, childbearing years, prior generations of women may have felt it necessary to leave the labor force. Remote work allowed many of them to stay in the labor force." So: What could keep remote work from becoming, in the words of the legal scholar Joan Williams, a "feminized ghetto"?
Persons: shutdowns, Aaron Terrazas, Terrazas, COVID, they're, Marianne Bertrand, Joan Williams, Rose Khattar, Aki Ito Organizations: New York Times, University of Chicago, Center for American Locations: United States, France, Germany
The Supreme Court makes nearly all its decisions on the emergency relief docket or "shadow docket." What is the Supreme Court 'shadow docket?' Capitol Police watch an abortion-rights rally from behind the security fence surrounding the Supreme Court on June 23, 2022. Public trust in the Supreme Court is at a historic lowNadine Seiler attends a rally for voting rights while the U.S. Supreme Court hears oral arguments in the Moore v. Harper case December 7, 2022. The dangers posed by the shadow docket are more perilous than the wrongs of individual justices, Vladeck argues, because the shadow docket's ills are inherently institutional.
Persons: Steve Vladeck, , Vladeck, Sonia Sotomayor, Clarence Thomas, John Roberts, Amy Coney Barrett, Neil Gorsuch, Brett Kavanaugh, Scott Applewhite, mifepristone, William Baude, Nathan Howard, it's, Ruth Bader Ginsburg, Anthony Kennedy, Stephen Breyer, Elena Kagan, Ketanji Brown Jackson, Joe Biden's, Chip Somodevilla, Roe, Wade, Obama, Bush, Trump, Nadine Seiler, Harper, Drew Angerer, stokes Organizations: Service, Supreme, Supreme Court, AP, University of Chicago, Capitol Police, Getty, Former, Locations: United, Joe Biden's State, Texas, U.S, Moore
What grade would you give America when it comes to making progress on race and racism today? For our latest Times Opinion focus group, held in mid-June, we were curious to get those grades from young Black Americans just before the Supreme Court issued its ruling on affirmative action in college admissions. The court was weighing, on one level, whether affirmative action was no longer necessary to foster diversity on campus, as Justice Sandra Day O’Connor predicted would be the case by 2028. Looking to the future, some hoped that enrollment at H.B.C.U.s would increase with the end of affirmative action. Still, several said they believed the country will have made progress on race 25 years from now compared with today.
Persons: Sandra Day O’Connor, Jocelyn, ” Kathryn, , Biden Organizations: Black, America, University of Chicago Locations: Pennsylvania, America, Tennessee, Illinois, H.B.C.U.s
The Supreme Court makes nearly all its decisions on the emergency relief docket or "shadow docket." What is the Supreme Court "shadow docket?" The court's emergency docket is where justices make quick decisions to address emergency relief requests and other procedural matters. But the vast majority of orders that reach the emergency docket are of little interest to the general public. The dangers posed by the shadow docket are more perilous than the wrongs of individual justices, Vladeck argues, because the shadow docket's ills are inherently institutional.
Persons: Steve Vladeck, , Vladeck, mifepristone, William Baude, Nathan Howard, it's, Ruth Bader Ginsburg, Roe, Wade, Obama, Bush, Trump, Nadine Seiler, Harper, Drew Angerer, stokes Organizations: Service, Supreme, Supreme Court, University of Chicago, Capitol Police, Getty, Locations: Texas, U.S, Moore
Leqembi is the first Alzheimer's antibody treatment to receive full FDA approval. The antibody, administered twice monthly through intravenous infusion, targets a protein called amyloid that is associated with Alzheimer's disease. Medicare coverage is a crucial step to help older Americans with early Alzheimer's disease pay for the treatment. Costs may vary depending on whether the patient has supplemental Medicare coverage or other secondary insurance, according to the agency. Philipson and his colleagues at the University of Chicago estimated that delaying Medicare coverage of Alzheimer's antibody treatments by one year would result in $6.8 billion in increased spending.
Persons: Joanna Pike, Leqembi, Pike, David Knopman, Knopman, Anna Eshoo of, Nanette Barragan, There's, Tomas Philipson, Bush, Philipson, Sen, Bernie Sanders, Xavier Becerra, Sanders, Eisai Organizations: Drug Administration, Medicare, FDA, Alzheimer's Association, Mayo Clinic, Services, Health, University of Chicago, Senate Health, Human Services, Clinical Locations: U.S, Minnesota, Anna Eshoo of California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed isn't going to quit until the labor market quits, says former Fed Governor Randy KrosznerRandy Kroszner, University of Chicago economics professor, joins 'The Exchange' to discuss the Federal Reserve's next move after June's pause in rate hikes.
Persons: Randy Kroszner Randy Kroszner Organizations: University of Chicago
“We need to separate by red states and blue states and shrink the federal government,” Greene said in a tweet on President’s Day this year. Blue state governors, legislatures and mayors might respond to such an offensive in forceful ways difficult to predict today. The Republican-appointed majority on the US Supreme Court has encouraged the red state social offensive with decisions that stripped away national rights – most prominently on abortion and voting. “Given the make-up of the courts, it’s difficult for blue states to be hopeful about this,” says Kettl. “The United States does not get to assume that it lasts forever.”
Persons: we’ve, , Donald Kettl, Donald Trump, I’ve, ’ “, Trump, Daniel Cox, Alan Wolfe, Wolfe, ” Wolfe, , Joe Biden, Trump –, Abraham Lincoln, Marjorie Taylor Greene, Kevin McCarthy, ” Greene, Susan Stokes, Stokes, he’s, Biden, Jim Crow, Cox, Michael Podhorzer, what’s, MAGA, Eric Liu, Liu, Richard Nixon’s, Liu’s, ” Liu Organizations: CNN, America, University of Maryland’s School of Public Policy, Republican “, American Enterprise Institute, Boston University, Republican, Democratic, Chicago Center, Democracy, University of Chicago, CBS, Trump, National Guard, Fugitive, , US, GOP, White House, AFL, Citizen University Locations: United States, States, America, Black, Confederate States, Georgia, Midwest, Heartland, Great, New York, Memphis, Austin, Blue, Michigan , Pennsylvania, Wisconsin, Arizona
CNN —Last week, the Supreme Court issued a ruling that makes it harder to hold people responsible for harassment. So it’s clearly urgent for institutions to strike the right balance in protecting the free speech of critics without allowing them to chill the free speech of those with whom they disagree. It sends a symbolic message that protecting freedom of speech requires tolerating lower-level harassment speech, which often intimidates speakers into silencing themselves. Free speech is crucial to academic discourse, but something is wrong with a statement of “free speech” that allows courses to be censored due to online harassment of their instructors. The Supreme Court’s newly declared permissiveness toward online harassment is only likely to embolden more of it.
Persons: Kara Alaimo, Coles Whalen, ” Kara Alaimo, Rebecca Journey, Daniel Schmidt, Schmidt, Journey, ” Schmidt, , Organizations: Fairleigh Dickinson University, Women, Press, CNN, University of Chicago, , Twitter, University, The New York Times, University of Waterloo, Facebook, Court Locations: Chicago, Canada
To what extent the test will improve outcomes and save lives is not clear, however, as there is no effective treatment for pre-eclampsia, which usually eases after birth. “We don’t have a therapy that reverses or cures pre-eclampsia other than delivery of the baby, which is more like a last resort,” Dr. Woelkers said. The new blood test, made by Thermo Fisher Scientific, has been available in Europe for several years. It is intended for pregnant women who are hospitalized for a blood pressure disorder in the 23rd to 35th weeks of gestation. “A lot of women will have edema and headaches.” (Edema means swelling.)
Persons: , Woelkers, , Sarosh Rana Organizations: Fisher, University of Chicago Locations: Europe
They sit back and wait, content to let the nation’s colleges and universities scout and nurture that talent. Look at what happened when California banned affirmative action nearly 27 years ago. The most obvious way to help colleges level the field among students is to level the field among colleges. Harvard University recently received a gift of $300 million, the University of Chicago received a gift of $100 million and Columbia University received a gift of $175 million. I asked Elsa Núñez, president of Eastern Connecticut State University, what her institution, with its modest $50 million endowment, could do with a $100 million gift.
Persons: , That’s, Chan Zuckerberg, Pell Grant, Elsa Núñez, , , you’re Organizations: University of California, Apple, Mastercard, Meta, Verizon, Harvard University, University of Chicago, Columbia University, Chan Zuckerberg Initiative, Harvard, Trinity Washington University, Pell, Eastern Connecticut State University Locations: California
The Education Department last week said loan payments would resume in October. Reuters GraphicsA White House source said Biden plans to announce new actions on Friday to protect student loan borrowers in the wake of the ruling. Another challenge to at least some of those who face student loan repayment: Managing new debt taken on when student loan payments were off the table. The New York Fed found the debt payment holiday boosted credit scores of student loan borrowers, opening the door to take on other debt. Delinquency rates on student loans plummeted from roughly 10% before the payment holiday to below 1% at the end of the first quarter of this year.
Persons: Joe Biden's, Biden, Thomas Simons, Simons, Morgan Stanley, forbearance, Michael S, Dan Burns, Andrea Ricci Organizations: U.S, Biden, White, Republicans, Department, New York Fed, Reuters, Federal Reserve, Jefferies, York Fed, New, University of Chicago, Derby, Thomson Locations: U.S, New York
I don’t know whether the Supreme Court’s decision on student loan forgiveness on Friday was right or wrong on legal grounds. I do know that it will most likely cause a lot of delinquencies and defaults. Many borrowers simply don’t have the money to repay. And while they were free to keep paying down their student loans if they wanted to, they mostly did not. “I’m really concerned about a wave of delinquencies and defaults once payments resume,” Yannelis told me.
Persons: Constantine Yannelis, Biden, “ I’m, ” Yannelis, Organizations: University of Chicago Booth School of Business
Letting businesses vote in municipal elections dilutes the voice of the citizenry and “puts the idea that corporations are people on steroids,” said its executive director, Claire Snyder-Hall. Seaford proposal meets resistanceThe latest Delaware municipality to propose letting businesses vote in its local elections is the city of Seaford, with roughly 8,500 residents. Grenshaw said he never expected that to be a problem, since four other municipalities had no trouble getting approval for their decision to let businesses vote in the past. How influential could that be in future Seaford elections? The city clerk’s office would conduct a series of annual cross-checks to ensure that a business currently owns property in the city.
Persons: , , Claire Snyder, Seaford Mayor David Grenshaw, ” Grenshaw, Grenshaw, Snyder, Hal Weitzman, Weitzman Organizations: CNN, Hall, DuPont, Seaford Mayor, Verizon, Delaware General Assembly, The News, Rich, University of Chicago’s Booth School of Business, Fortune Locations: United States, Delaware, Seaford, it’s, America
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