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Read previewFor some Baltimore families, basic income helped pay the bills: rent, groceries, healthcare, childcare, and car payments. After one year of receiving payments, participants were more likely to have housing, higher household income, and a degree than the pilot's control group. Researchers primarily focused on participants' income, housing, employment, and education outcomes in the first year of the pilot. Related storiesThe Baltimore Young Families Success Fund randomly assigned eligible applicants to the participant group or a control group. She said the cash payments helped her family secure housing along with everyday expenses.
Persons: , Baltimore Mayor Brandon Scott, Tazhane Jordan, Jordan, Ken Paxton, Louis, Scott Organizations: Service, Baltimore Young, Abt, Business, Baltimore Mayor, American, Texas, Baltimore Locations: Baltimore, GBI, Iowa, Arizona, Houston
Read previewUniversal basic income has made giant strides from its origins as a utopian vision toward becoming economic reality. Basic income trials have been conducted in countries as varied as Kenya, Finland, India, and Canada. Proponents of UBI say it reduces poverty, strengthens the social safety net, promotes health and happiness, and combats the stigma around welfare. Basic income recipients in a Finnish trial reported higher life satisfaction, improved health, and lower levels of depression and loneliness. An open questionUniversal basic income remains a largely theoretical idea that could have significant — and unpredictable — impacts on wealth inequality, human welfare, labor markets, and entire economies.
Persons: , Tesla's Elon Musk, Robert Reich, Juan Luis Vives, they'd, Thomas Paine, Martin Luther King Jr, Milton Friedman, Sen, Bernie Sanders of, technocrat Andrew Yang, Sam Altman, Bernie Sanders, Kevin Dietsch, Dave Ramsey, Karl Marx playbook, that's, Jack Kellam, MrBeast, Jeff Cheatham, Douglas MacKay, Chapel Hill, Karl Widerquist, Kellam, stigmas Organizations: Service, Labor, Business, Autonomy, UNC, Chapel, Georgetown University, Qatar Locations: Kenya, Finland, India, Canada, Spanish, Bernie Sanders of Vermont, Uganda
That's because after using a job simulation tool for a short time, I have a better sense of what working at the prestigious consulting firm might be like. This story is available exclusively to Business Insider subscribers. He told Business Insider that, growing up in a small town in Australia, he didn't come from a line of bankers, lawyers, or accountants. In the roughly 90 minutes I spent using Forage, the tool made me do some work. The tool also made me think like a consultant — or at least try to.
Persons: , they'd, Goldman Sachs, Tom Brunskill, Brunskill Organizations: Service, Boston Consulting, KPMG, JPMorgan, Business, EAB Locations: San Francisco, Australia
Atlantis, The Royal Atlantis, The Royal: The suites rooms are all connected via a mobile app, allowing guests to control their room's thermostat, lighting, and television remotely. Atlantis, The Royal Atlantis, The Royal: The triple-height library provides a secluded space to work, read or relax. Atlantis, The Royal Atlantis, The Royal: The entertainment room is kitted out with a 98-inch LED screen for a home cinema experience. Atlantis, The Royal Atlantis, The Royal: Every room has stunning views — including the marble-clad bathrooms. Atlantis, The Royal Atlantis, The Royal: Guests can enjoy designer amenities made by French fashion house Hermès, as well as bespoke gold toothbrushes, combs and brushes.
Persons: Masyaf, Dar Al Masyaf, Jumeirah Dar Al Masyaf, Villa, Abra, Lana, David, what’s, Jay Z, Louis Vuitton Organizations: CNN, Villa, Jumeirah Dar, Dar, cabanas, Atlantis, Imperial, Penthouse, Seasons Dubai, Four, Dubai, Suite, Jumeirah Burj, UAE dirhams, Royal Locations: Gold, Dubai, Dar Al, Jumeirah Dar Al, Arabian, Dorchester, Burj Khalifa, Jumeirah Burj Al, Arab
And if you're not going to do a job, don't do a job." AdvertisementThe next summer, I got a product management internship at a startup called Travelnuts, which I liked. At a certain point, maybe I'll plateau or stop progressing, and I'll have to choose to stop because I'm just not good enough. I'm 29 now, so the idea that in about five years, I'm supposed to roughly know my trajectory kind of haunts me. I'm pretty confident in my comedy, so I'm full speed ahead on being a comedian.
Persons: Pete Ballmer, Steve Ballmer, would've, Harry Potter, he'd, I'd, I'm, I've, wouldn't, Jane Zhang Organizations: PCWorld Magazine, Business, Stanford, Zynga, Friends Locations: San Francisco, TripIt, Farmville, Expedia, Bay, janezhang@businessinsider.com
How Britain Changed Over 14 Years of Conservative RuleSince Britain’s Conservative Party took power 14 years ago, most things have not gone the way it planned. The Economy Has StagnatedAverage productivity growth has declined since 2010…0.0% 0.5% 1.0% 2.0% 2010 2015 2017 2019 2024 Source: Office for National Statistics. 2010 2015 2017 2019 2024 Source: N.H.S. 50% 60% 70% 80% 2010 2015 2017 2019 2024 Source: N.H.S. 2010 2015 2017 2019 2024 Source: Trussell Trust … and thousands more people are sleeping on the streets than in 2010.
Persons: Conservatives ’, England …, Boris Johnson, , Hong Kongers, Rishi Sunak Organizations: Conservative, Britain’s Conservative Party, Conservatives, Local, gov, Conservative Party, European Union, National Health Service, National Statistics, Institute for Public Policy Research, Public Services, Labour, Commons, Department, Loans Company, Higher Education Statistics, YouGov Locations: Britain, Thursday’s, Germany, United States, London, Ukraine, England, Rwanda, United Kingdom
As we entered the kindergarten room on a tour of our local public school, the entire class was wearing headphones and engrossed in their tablets. Related storiesI knew that moving him into our local public school setting would be at odds with who he is naturally and would be like trying to fit a square peg in a round hole. Unfortunately, the local public school system prioritizes teaching to the standardized state test, continuously makes cutbacks to the arts and music programs, and has burgeoning class sizes with too few teachers. AdvertisementInvesting in his education during these crucial formative years makes more sense for our family than paying college tuition, which he may or may not even attend. While we will not pay for his college education, we have set up a custodial account for him, which he will have complete control of upon turning 18.
Organizations: Service, Montessori
Read previewLaw enforcement is investigating the death of a retired major general whose body was found Saturday at Marine Corps Air Ground Combat Center Twentynine Palms , California, officials confirmed to Military.com. AdvertisementUS Marine Corps Maj. Gen. William F. Mullen III speaks with staff members during a visit at Camp Johnson. US Marine Corps photo released/by Sgt James A. GuilloryWhen asked, NCIS did not disclose the manner of Mullen's death. US Marine Corps Maj. Gen. William F. Mullen III delivers a speech during a ground breaking ceremony held at the Marine Corps Air Ground Combat Center. Twentynine Palms is the largest Marine Corps base in the world, according to the installation's website.
Persons: , Military.com, William Mullen, Darwin Lam, William F, Mullen, Sgt James A, Lam, Gloria Huerta, Lance Cpl, Rachel K, Porter, Maj, Mullen's, Thomas Savage Organizations: Service, Marine Corps, Business, Naval, Navy, USMC, Camp Johnson, US Marine Corps, San, San Bernardino County Sheriff's Department, Twentynine Palms, Marine, Training, Education Command, Combat, Force Training Command, Los Angeles Times Locations: Palms , California, Iraq, San Bernardino County, Camp, United States, Military.com
The CFPB found student-loan servicers put up "excessive barriers" when it came to helping borrowers. Long hold times and inaccurate information about debt relief harmed borrowers, the report said. AdvertisementMany student-loan borrowers aren't getting the help they need from their servicers, according to a new report. Over the past few years, borrowers with both federal and private student loans have reported challenges with their servicers, from an inability to get the information they need to make their payments to inaccurate information. The CFPB's latest report detailed its findings that many of those companies did not operate in borrowers' best interests.
Persons: servicers, Long, Organizations: Education Department, Service, aren't, Consumer Financial, Business
Opinion: Public schools are not Sunday schools
  + stars: | 2024-07-03 | by ( Opinion Amanda Tyler | ) edition.cnn.com   time to read: +6 min
CNN —It has been an especially active few weeks for news about religion in public schools. Public schools are not Sunday schools, and families should feel free to send their children to school without worrying about state officials interfering in their choices about religious instruction. These politically conservative state officials are seemingly making a show of testing the limits of government-sponsored religious instruction and exercise in public schools, emboldened by the US Supreme Court’s recent decisions. Like religious instruction in public schools, the public funding of religion undermines fundamental principles of religious freedom for all. By merging religious and political authority, taxpayer funding of religious schools threatens the rights of people of all faiths — and those of no faith.
Persons: Amanda Tyler, Jeff Landry, Ryan Walters, ” Amanda Tyler, Kennedy, Walters, beholden, ” Walters Organizations: Baptist, Religious Liberty, Christian Nationalism, CNN, Texas Education Agency, Louisiana Gov, US, Twitter, Oklahoma Supreme Court Locations: Louisiana, Oklahoma’s, Kennedy v, Bremerton, Kentucky, Texas , Louisiana, Oklahoma
President Joe Biden rolled out the SAVE plan in the summer of 2023, describing it as "the most affordable student loan plan ever." Under IDR plans, borrowers' monthly payments are set based on a share of their discretionary income. Republican-backed states, including Florida, Arkansas and Missouri, filed lawsuits against the SAVE plan earlier this year. In response, two federal judges in Kansas and Missouri temporarily halted significant parts of the SAVE plan on June 24. The case has not been decided yet, but at least for now the Education Department can proceed with reducing borrowers' bills.
Persons: Biden, Joe Biden, IDR, Taylor, Mark Kantrowitz Organizations: U.S . Department of Education, Valuable Education, Education, Finance, CNBC, Republican, U.S . Department of Justice, Education Department Locations: Florida , Arkansas, Missouri, Kansas
New Delhi CNN —A crowd crush at a religious gathering in northern India killed more than a hundred people Tuesday, mostly women, in one of the deadliest such incidents the country has seen in recent years. Almost all those killed were women, Singh said earlier, with at least seven children also among the dead. An estimated 80,000 people had been expected to attend the event, where Bhole Baba was giving a sermon. Permission was sought for the event with 80,000 attendees, however a crowd of more than 250,000 devotees gathered, the report said. People there pulled them out,” Shakuntala Devi told the Press Trust of India news agency, according to the Associated Press.
Persons: Bhole Baba, godman, Sandeep Singh, Singh, ” Singh, Anupam Kulshreshtha, Bhole, , Shakuntala Devi, General Shalabh Mathur, Narendra Modi, Modi, Organizations: New, New Delhi CNN, Police, State for Education, Local, CNN, , Press Trust of India, Associated Press, Reuters Locations: New Delhi, India, Garhi, Uttar Pradesh, Hathras district, Agra, Ambala, Etah district, Jammu, Maharashtra
After an unprecedented three-year timeout on federal student loan payments because of the pandemic, millions of borrowers began repaying their debt when billing resumed late last year. That reality, along with court decisions that regularly upend the rules, has complicated the government’s efforts to restart its system for collecting the $1.6 trillion it is owed. At the end of March, six months after the hiatus ended, nearly 20 million borrowers were making their payments as scheduled. But almost 19 million were not, leaving their accounts delinquent, in default or still on pause, according to the latest Education Department data. “The nonpayment rate really is emblematic of a system that’s not doing its job,” said Persis Yu, the managing counsel for the Student Borrower Protection Center, an advocacy group.
Persons: , Persis Yu Organizations: Education Department, Student, Protection
Read previewA growing number of young people globally are struggling to stay in work or school. "They are searching for places where they can be true to themselves, where mental health is not looked down upon but helped, and where working sometimes from home or a coffee shop is possible." AdvertisementRather than jump on the first opportunities that come along, voluntary NEETs are holding back for the right job. Better guidanceOther career experts agreed that development should start early so students understand the variety of different paths available to them. Experts remain divided over how to address the rise in NEETs, in part because no solution would work for all.
Persons: , Louis, there's, Sen, Tim Kaine, who's, Nezih Allioglu, Michaela Wright, Friederike Fabritius, Fabritius, Fabritus, Kleeman Organizations: Service, International Labour Organization, Louis Federal Reserve's Institute for Economic Equity, Business, European Commission, Young Enterprise, Governance Association, New Workforce, Prince's, Labour Force Survey, Sustainability, HSBC UK, Google, Deloitte, WSJ Locations: NEETs, NEETS
I'm 25 years old and my parents still pay my bills and rent, which is a big help as I'm in grad school. My parents cover my bills because I'm still in schoolI graduated from Chapman University with a bachelor of arts in psychology in 2023. AdvertisementMy parents still pay most of my bills because I'm a student. One of the main reasons I had to move out of my parent's house was that I didn't want to commute from Los Angeles to Orange County daily during undergrad. I also can't wait to be able to help my parents retire early because they've worked so hard and long.
Persons: , Nadeshiko Zhang, It's, I'm, they've, they'll, Chapman, I've, he'll, Manseen Logan Organizations: Service, Business, Chapman University, Chicago School, Cal, Sport, FBI Academy Locations: Baldwin Park , California, Anaheim, Los Angeles, Orange County, mlogan@businessinsider.com
The legal roller coaster for millions of student-loan borrowers on President Joe Biden's new repayment plan continues. A court ruled that borrowers on the SAVE income-driven repayment plan can get the new benefits set to go into effect in July, like lower payments, for the time being after a legal challenges blocked their implementation. The Education Department did not immediately respond to a request for comment from Business Insider on the stay. This means that for now, the Education Department can continue working to implement the new SAVE provisions set to go into effect this July. For now, borrowers continue to await further guidance from the Education Department.
Persons: Joe Biden's, Persis Yu Organizations: Service, Business, Biden's Education Department, GOP, Kansas, Circuit, Education Department, Democratic, Protection, Department, Education, SAVE, Republican Locations: Kansas, Missouri
“I’m willing to do the job.” His literacy and English skills help him serve as a liaison between his fellow farmers and the government, which is the primary price-setter for cocoa beans in Ghana. The exorbitant prices paid for cocoa beans and chocolate products in the United States and other nations barely touch the lives of Frimpong and those around him. The poverty of cocoa farmers is sometimes seen as a moral failing of chocolate buyers or sellers, but above all it’s a market failure. In a healthy market, price spikes are self-correcting: When the price rises, production increases to take advantage of the extra profit opportunity. They don’t have the funds for long-term investment in new cacao trees, which are the source of cocoa beans, or for adequate fertilizers, pesticides, irrigation and labor-intensive pruning.
Persons: Emmanuel Frimpong, couldn’t, “ I’m, Locations: Ghana, United States, Frimpong, Ivory Coast
Australia doubles foreign student visa fee in migration crackdown
  + stars: | 2024-07-01 | by ( ) www.cnbc.com   time to read: +1 min
Australia said on Monday it had more than doubled the visa fee for international students, the latest move by the government to rein in record migration that has intensified pressure on an already tight housing market. Australia said on Monday it had more than doubled the visa fee for international students, the latest move by the government to rein in record migration that has intensified pressure on an already tight housing market. From July 1, the international student visa fee has risen to 1,600 Australian dollars ($1,068) from AU$710, while visitor visa holders and students with temporary graduate visas are banned from applying onshore for a student visa. "The changes coming into force today will help restore integrity to our international education system, and create a migration system which is fairer, smaller and better able to deliver for Australia," Home Affairs Minister Clare O'Neil said in a statement. The rise in fees makes applying for a student visa for Australia far more expensive than in competing countries like the U.S. and Canada, where they cost about $185 and 150 Canadian dollars ($110) respectively.
Persons: Clare O'Neil Organizations: Australia, Home Affairs Locations: Australia, U.S, Canada
A Forbes Advisor survey of 1,000 Americans who plan to travel in 2024 showed the post-pandemic "revenge travel" boom is in full force, despite rising inflation. The stats weren't surprising to Thomas, who told BI that this new trend could be partly attributed to the rise of remote work. Revenge travel and other loansIt's not just remote and hybrid working that may have contributed to a rise in travel spending. Travel experts previously told BI they had noticed an uptick in clients opting for luxury air travel experiences, from private jets to first-class and premium-class plane tickets. Thomas and financial expert Julie Beckham told BI that young people are likely to be influenced by peers who are showcasing their travel experiences online.
Persons: , millennials, Zers, Credit Karma, Johannes Thomas, Thomas, Ivan Saprov, Saprov, Oliver Bell, Julie Beckham, Beckham Organizations: Service, Forbes, Business, Credit, Bank of America, BI, KPMG US, Financial Education Development, Rockland Trust Locations: Rockland
Now he has a marketing job for a solar company that offers flexibility and career mobility. My career has been the wildest ride since I got my solar-installation training just a year ago. AdvertisementI graduated in May 2023 and, after a summer job traveling to Alaska to create educational programs, started job searching in the solar industry in the fall. The solar industry needs everything that any other industry needs, and the growth is happening so fast. When I envision the future of my solar career, it seems like the sky's the limit.
Persons: Aaron Nichols, , Nichols, he's, I've, It's Organizations: Service, North American Board of Certified Energy, , SunCast Locations: Alaska
First Lady Jill Biden is Vogue’s latest cover star
  + stars: | 2024-07-01 | by ( Jacqui Palumbo | ) edition.cnn.com   time to read: +4 min
CNN —First lady Dr. Jill Biden is Vogue’s August cover star just as election season is kicking off in earnest in the United States — and only days after President Joe Biden’s shaky first debate performance rattled the Democratic party. On the cover — her second for the fashion magazine — Dr. Biden appears in a cream-colored Ralph Lauren silk tuxedo dress, lensed by the veteran fashion photographer Norman Jean Roy. Vogue, too, reached out to the first lady following the debate amid calls for the president to step down as the Democratic nominee. And, as she told Vogue, she’s seen the career-related frustrations of military spouses due to the often transient nature of their lives, so she has supported flexibility for remote work for some government jobs. “And this is where the magic happens.”“We don't need more chaos,” First Lady Biden told Vogue.
Persons: Jill Biden, Joe Biden’s, Dr, Biden, Ralph Lauren, Norman Jean Roy, Maya Singer, Harris, , , Trump, he’s, she’s, Lady Biden, Sergio Hudson, Michael Kors, Christian Siriano, Katie Rogers, divisiveness … it’s Organizations: CNN, Democratic, Vogue, Women, Biden, White House, Northern Virginia Community College Locations: United States, Minnesota, Minneapolis, endometriosis, North Carolina
Demand for solar jobs is growing in response to clean-energy goals and government incentives. Many entry-level solar jobs don't require higher education, and they offer on-the-job training. Solar jobs offer a low barrier to entry and high growth potentialHowever, the shortage means there are many affordable, accelerated solar training programs designed to help people get their foot in the door. Collardson added that people with backgrounds in areas such as marketing, engineering, and law could apply their skills to jobs at solar companies. HelieneThe solar industry can support long-term careersWhile Collardson acknowledged that specific solar jobs could grow or shrink as incentives and demands change, they said they believe there will always be jobs in the solar industry for those willing to be flexible.
Persons: Kate Collardson, Karl Wendt, Wendt, Martin Pochtaruk, Collardson, it's, Pochtaruk Organizations: Service, US Department of Energy, View Research, Corporations, House, Industries, Middle, Goodwill Industries, Companies Locations: Middle Tennessee
The Amazon Prime Visa earns 5% back at Amazon and Whole Foods and offers 0% intro APR on select purchases. Earn an instant $200 by signing up for a new Amazon Prime Visa credit card by July 24. Cardholders with Amazon Prime membership earn 5% back on Amazon, Amazon Fresh, Whole Foods, and Chase Travel purchases, all without paying an annual fee. If you're an Amazon Prime member, your Prime Visa card benefits extend far beyond the initial bonus and 5% cash back. Cardholders without Amazon Prime membership earn 3% cash back on Amazon bonus categories: Amazon, Amazon Fresh, Whole Foods, and Chase Travel.
Persons: You'll, Chase, , cardholders, you've, you'll, we've, Katherine Fan, Katherine, Guy, Nerdwallet, Fortune, Katherine moonlights, she's, She's Organizations: Amazon, Visa, Foods, Read, Chase Travel, Amazon.com, FDIC, Prime, Finance, Cards, CNN, Forbes, Wall, Dallas Morning News, Newsweek, Nasdaq, MSN, Yahoo, SXSW, Austin American, Statesman, University of Texas, National Taiwan University Locations: Austin, orcas, Antarctica, Japan, New Zealand, South Africa, Taiwan
Read previewMary Meeker is back with a new report about AI and education — and it predicts how life will change for both students and teachers. And after a four-year break since publishing a report, Meeker has returned to give her industry insights. For teachers, she writes that using AI to accelerate learning, even for students who miss out on in-person lectures, will be "a new art form." Related stories"As technology evolves and becomes more widely available, teachers should be able to save time and increase productivity," Meeker writes. "On the research side, technical resource availability, such as GPU access, will likely be key to differentiation/leadership," Meeker writes.
Persons: , Mary Meeker, Morgan Stanley, Meeker Organizations: Service, Business, Bond, Universities
My parents took me on college visits, where we attended presentations that I listened to halfheartedly. But I couldn't quite give up my dream of moving further away and having an adventure. Not all the colleges in the book were American; some were overseas, and those were cheaper, a lot cheaper. I'd be leaving all the friends I'd made in the last few years and starting completely from scratch. Some friends thought it was cool that I was moving to Canada, but others found it odd.
Persons: , I'd, Dalia Goldberg Organizations: Service, Business, University of Miami, NYU, Trinity College Dublin, McGill University, McGill, McGill . Locations: Philadelphia, South Beach, Europe, Montreal, Old City, Canada, France, Quebec, Berlin, Spain
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