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☆ Online College Class Providers Screwing Over Students, Adding to Debt Crisis
▼ + stars: | 2023-06-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +18 min

She applied and was accepted to the online program in 2020. In exchange for expanding course offerings and recruiting students, OPMs receive a big chunk of the tuition revenue from the online programs, which usually cost the same as in-person schooling. While it's not always the case, many experts and grads told me that OPMs were offering online students a worse education for a sky-high price. A third-party provider to those schools, 2U signs a contract to offer services such as recruiting and technology to boost online enrollment. But beyond scandals, the everyday business of OPMs is leaving many online students with exorbitant bills, despite how cheap it is to administer the courses.

Persons: Iola Favell, Favell, Rossier, USC Rossier, OPMs, it's, grads, Eric Rothschild, John Katzman, Katzman, Clare McCann, McCann, —, Aaron Ament, Barack Obama, That's, STEFANI REYNOLDS, Helen Drinan, Cabrini University —, Drinan, Democratic Sens, Elizabeth Warren, Tina Smith, Sherrod Brown, Pearson, Rosa DeLauro, Virginia Foxx, Ament Organizations: University of Southern California's Rossier School of Education, USC, Student Defense, US, Education Department upended, Education Department, Arnold Ventures, OPM, Office, Los Angeles Times, Wall Street, Canyon University, Grand Canyon, Century Foundation, Getty, Cabrini University, Simmons University, Democratic, GAO, Republican, GOP, Universities, Protection, Consumer Financial, Bureau Locations: California, Georgetown, —, Pennsylvania, Massachusetts

☆ The Senate just passed a bill to block student-loan forgiveness and immediately end the payment pause
▼ + stars: | 2023-06-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Senate just passed a bill to overturn student-debt relief and end the payment pause. On Thursday, the Senate passed a bill — first introduced in March — to overturn Biden's plan to cancel up to $20,000 in student debt for federal borrowers making under $125,000 a year by a vote of 52-46. Chuck Grassley and Bill Cassidy — sponsors of the bill — wrote an opinion piece in Fox News urging their colleagues in the Senate to pass the legislation to overturn student-loan forgiveness. Before the vote, Senate Majority Leader Chuck Schumer wrote on Twitter that "the Senate GOP is pushing a terrible measure to end the pause on student loan payments and overturn @POTUS's student loan cancellation program. But to overturn his landmark student debt relief program just to score political points?

Persons: Biden, —, Joe Biden's, Democratic Sens, Joe Manchin, Jon Tester, Independent Sen, Kyrsten Sinema, Chuck Grassley, Bill Cassidy —, Chuck Schumer, Massachusetts Sen, Elizabeth Warren, New Jersey Democratic Sen, Bob Menendez Organizations: Service, Democratic, Independent, Republicans, GOP, Fox News, Senate, Twitter, House Republicans, New, New Jersey Democratic Locations: Massachusetts, New Jersey

☆ House Democrats, looking to renew plan to expand Social Security, say debt ceiling fight 'hurts seniors the most'
▼ + stars: | 2023-05-23 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Social Security already faces funding risksIn order to prevent a Social Security funding shortfall, congressional Democrats and Republicans must agree on a solution. The Social Security 2100 Act that was introduced in the last Congress had broad support among House Democrats. Changes in the Social Security 2100 Actzimmytws | iStock | Getty ImagesThe Social Security 2100 Act aims to extend the program's solvency, though estimates are not yet available for how long it could prolong the program's funding. Social Security 2100 also calls for adding an additional 12.4% net investment income tax for taxpayers making more than $400,000. Max Richtman president and CEO of the National Committee to Preserve Social Security and Medicare

☆ Democratic Sen. Tom Carper says he won't seek re-election in 2024
▼ + stars: | 2023-05-22 | by ( Summer Concepcion | ) www.cnbc.com time to read: +3 min

Sen. Tom Carper (D-DE) speaks during a news conference after the first Democratic luncheon meeting since COVID-19 restrictions went into effect on Capitol Hill in Washington, April 13, 2021. Sen. Tom Carper, D-Del., announced Monday that he will not seek re-election next year after more than 20 years in the Senate. During his time in the Senate, Carper served as the chair of the Senate Committee on Environment and Public Works and as a senior member of the Senate Finance Committee. Delaware hasn't had a Republican hold statewide office since 2018, when long-time GOP auditor Tom Wagner declined to seek re-election. Dianne Feinstein of California and Debbie Stabenow of Michigan have announced their plans to not to seek re-election next year.

☆ Norfolk Southern reports $387 million charge for the first quarter after East Palestine derailment
▼ + stars: | 2023-04-26 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +2 min

General view of the site of the derailment of a train carrying hazardous waste, in East Palestine, Ohio, U.S., March 2, 2023. Norfolk Southern on Wednesday reported an initial $387 million charge associated with the company's East Palestine, Ohio, derailment in February, which spilled toxic chemicals into the environment. Norfolk Southern said income from railway operations for the quarter was $711 million, down 34% from the same period in 2022. Excluding the East Palestine derailment, income from railway operations was $1.1 billion, up 1% compared to the same period the year prior. Norfolk Southern did not announce estimates for further charges related to the East Palestine derailment.

☆ Jack Teixeira's alleged Discord leaks show why the US should not give Top Secret clearances to 21-year-olds
▼ + stars: | 2023-04-15 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +9 min

Nevertheless, that looks to be the US intelligence community's approach to handling classified information. The tangled views of Jack Teixeira, who was indicted Friday in connection with leaking hundreds of classified documents to a private Discord server, are still coming into focus. There are classified phone systems, email systems, fiber optic cables, and a Wikipedia clone. Aside from the question of how many people have access to secrets, it's also worth considering how many of those supposed secrets belong on classified systems at all. Who was tracking the whereabouts of the volume of secret files he appears to have sent to the printer?

☆ Senators unveil new rail safety bill in wake of toxic Ohio derailment
▼ + stars: | 2023-03-30 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +2 min

John Fetterman and Bob Casey of Pennsylvania and Sherrod Brown of Ohio – would build on provisions of the bipartisan Railway Safety Act. Brown and his fellow senator from Ohio, Republican J.D. Norfolk Southern CEO Alan Shaw endorsed parts of the bipartisan bill. The Feb. 3 derailment in East Palestine, Ohio, released toxic chemicals into the environment. Shaw said Norfolk Southern would continue to support cleanup efforts in the area.

☆ Biden issues his first veto, nixing measure blocking new investment rule
▼ + stars: | 2023-03-20 | by ( Zoë Richards | ) www.cnbc.com time to read: +2 min

U.S. President Joe Biden speaks during the annual Friends of Ireland luncheon in honor of Ireland's Prime Minister (Taoiseach) Leo Varadkar at the U.S. Capitol in Washington, U.S., March 17, 2023. President Joe Biden on Monday issued his first veto since taking office, rejecting a bipartisan measure that would nullify a new administration rule for retirement plans. In the Senate vote, Democratic Sens. Rep. Andy Barr, R-Ky., introduced the measure in February, about two months after the Labor Department issued the investment rule. Following the Senate vote, Barr tweeted: "President Biden should abandon the radical climate activists and join us in putting middle-class savers ahead of politics."

☆ Senate confirms Eric Garcetti as U.S. ambassador to India
▼ + stars: | 2023-03-15 | by ( Sahil Kapur | Frank Thorp V | ) www.cnbc.com time to read: +3 min

The Senate voted 52-42 on Wednesday to confirm former Los Angeles mayor Eric Garcetti to be the next U.S. ambassador to India. The long-delayed Garcetti nomination grew unusually contentious and sparked some last-minute drama. Several Democrats voted against advancing his nomination, but enough Republicans backed Garcetti to give the U.S. its first permanent ambassador to India under President Joe Biden, more than two years into his term. "The United States-India relationship is extremely important, and it's a very good thing we now have an ambassador," Senate Majority Leader Chuck Schumer, D-N.Y., said. But a group of Republicans voted yes and helped secure the necessary support, including Sens.

☆ Live updates: East Palestine, Ohio train derailment Senate hearing
▼ + stars: | 2023-03-09 | by ( Chris Isidore | Aditi Sangal | ) edition.cnn.com time to read: +2 min

In the lead-up to a Senate committee hearing on the toxic train derailment that spilled chemicals in the Ohio town of East Palestine last month, a bipartisan group of senators is introducing a new bill aimed at shoring up rail safety. The Railway Safety Act of 2023 will be introduced by Republican Sens. Vance of Ohio, Marco Rubio of Florida and Josh Hawley of Missouri, and Democratic Sens. It has a provision requiring “well-trained, two-person crews aboard every train.” And it boosts the maximum fines for rail carriers for wrongdoing. Data compiled by the nonprofit OpenSecrets show that Norfolk Southern, the company involved in the Ohio derailment, spent $1.8 million on federal lobbying last year.

☆ Biden’s First Veto Is Revealing
▼ + stars: | 2023-03-03 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Republicans in Congress are forcing President Biden to issue his first veto, and they’re getting bipartisan help. The Senate and House this week voted to overturn a Labor Department rule that lets retirement fund managers use worker savings for political causes. Democratic Sens. Joe Manchin and Jon Tester on Wednesday joined Republicans to pass a resolution repudiating the DOL rule. As Mr. Manchin explained, the rule lets retirement plan fiduciaries consider environmental, social and corporate governance (ESG) factors and “prioritizes politics over getting the best returns for millions of Americans’ retirement investments.”

☆ Biden’s ESG Veto Is Revealing
▼ + stars: | 2023-03-03 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

☆ 2 Senate Democrats join GOP in rejecting socially conscious investing rule, rushing it back to Biden for a promised veto
▼ + stars: | 2023-03-01 | by ( Warren Rojas | ) www.businessinsider.com time to read: +2 min

The US Senate voted down a Biden-backed socially conscious investing rule 50-46. Two Democratic senators up for reelection in 2024 joined Republicans in opposing ESG. Wednesday's defectors, both of whom are facing tough reelection bids this cycle in states Donald Trump won by double digits in 2020, include Democratic Sens. The absence of Democratic Sens. Dianne Feinstein of California, Jeff Merkley of Oregon, and John Fetterman of Pennsylvania left Senate Majority Leader Chuck Schumer three votes down before deliberations even started.

☆ Sen. Lindsey Graham said he's 'tired of the s*** show' and that the US and Germany should send tanks to Ukraine: 'World order is at stake'
▼ + stars: | 2023-01-22 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

After meeting with Ukrainian President Volodymyr Zelenskyy, Graham urged the West to send tanks. To achieve that goal, the Ukrainian military needs tanks," Graham said during a press conference after the meeting and on Twitter. "I am tired of the shit show surrounding who is going to send tanks and when are they going to send them. "To the Germans: Send tanks to Ukraine because they need them. It is in your own national interest that Putin loses in Ukraine," Graham said Friday.

☆ Five states will have politically-split Senate delegations in the new Congress, reflecting the nation's continued partisan polarization
▼ + stars: | 2023-01-02 | by ( John L. Dorman | ) www.businessinsider.com time to read: +8 min

The new Congress, which begins this week, will have five politically-split Senate delegations. But in the new Congress, which begins this week, only five states will have split Senate delegations: Maine, Montana, Ohio, West Virginia, and Wisconsin. AP Photo/Matthew BrownMontanaDemocratic Sen. Jon Tester and Republican Sen. Steve DainesTester was first elected to the Senate in 2006 and secured reelection in both 2012 and 2018. Tom Williams/CQ-Roll Call, Inc via Getty ImagesWest VirginiaDemocratic Sen. Joe Manchin and Republican Sen. Shelley Moore CapitoManchin is perhaps the nation's most recognizable moderate Democrat, having single-handedly scuttled Biden's Build Back Better agenda in December 2021. WisconsinRepublican Sen. Ron Johnson and Democratic Sen. Tammy BaldwinThe Badger State is often home to some of the closest races in the entire country.

☆ 77 members of the 117th Congress violated a federal conflicts-of-interest and financial transparency law
▼ + stars: | 2022-12-31 | by ( Madison Hall | ) www.businessinsider.com time to read: +5 min

77 members of Congress violated the STOCK Act in the 117th session of Congress. The Stop Trading on Congressional Knowledge Act of 2012 is designed to curb insider trading and requires timely disclosure of financial trades. But a decade on, Republican and Democratic lawmakers alike routinely violate the STOCK Act: 40 Republicans and 37 Democrats in the current Congress violated the law, per Insider's tally. Some members of Congress violated the law more egregiously than others. GOP Rep. Pat Fallon of Texas, for example, violated the STOCK Act multiple times and waited months to disclose up to $17 million in trades.

☆ Premarket stocks: Wall Street's biggest winners and losers in 2022
▼ + stars: | 2022-12-29 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

The S&P 500 is down nearly 20% and with two trading days left in the year, investors’ hopes of a miraculous recovery have been dashed. The energy sector has so far returned more than 60% this year, significantly outperforming every other S&P 500 sector. Occidental Petroleum has been the biggest gainer of the year in the S&P 500, up 122% year-to-date. The energy sector reported the highest year-over-year earnings growth of all 11 sectors, at 137.3%. Elon Musk’s Tesla (TSLA) is also down about 70%, making the auto tech company the third worst performer this year.

☆ Analysis: Southwest got billions of dollars in taxpayer aid. Why is its service still a mess?
▼ + stars: | 2022-12-28 | by ( Alicia Wallace | ) edition.cnn.com time to read: +10 min

Southwest Airlines received more than $7 billion from that program. However, analysts say, Southwest’s service meltdown is unrelated to the taxpayer assistance the airline received in 2020. Cancelled Southwest Airlines flights are seen on the flight schedules at LaGuardia Airport, Tuesday, Dec. 27, 2022, in New York. In April 2020, airline passenger traffic plummeted 96% and stayed 60% below 2019 levels in 2020, according to the US Government Accountability Office. “The problems at Southwest Airlines over the last several days go beyond weather,” she said in a statement.

☆ Mitch McConnell could've tried to block a bill to protect same-sex marriage. He stayed silent about it instead.
▼ + stars: | 2022-12-07 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +10 min

Mitch McConnell never publicly offered his position on a bill to protect same-sex marriage. Susan Collins of Maine and Thom Tillis of North Carolina on amendments to the bill, told Insider. "You know, the leader has to look at his conference," Tillis told Insider, referencing his own time as the Speaker of the North Carolina House. Republican Sen. Ted Cruz of Texas, a conservative opponent of the bill, told Insider that "of course" he wished McConnell had taken a vocal position on the bill. As Sinema stood up to embrace the Iowa Republican, McConnell rose from his seat and voted no.

☆ Warnock's decisive victory in Georgia is the final blow to once-hopeful Republicans in 2022
▼ + stars: | 2022-12-07 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

The Republican Party will end the once promising 2022 cycle having failed to reach many of its goals. This is not how the Republican Party envisioned 2022. In particular, many GOP candidates, including Walker, continue to underperform in fastly growing suburbs. It's all about the candidatesGeorgia Republican Senate nominee Herschel Walker speaks with supporters during a campaign rally in Milton, Ga., on November 21, 2022. While several Republican hopefuls have illustrated that suburban voters are not unreachable, Trump-backed hopefuls have routinely struggled.

The win ends a nearly two-year power sharing agreement, giving Democrats true majority rule. Joe Manchin of West Virginia and Kyrsten Sinema of Arizona's viselike grip on their party's priorities has loosened a bit, thanks to Georgia. Republicans will no longer be able to bottle up Biden administration nominees in committee, and select Democratic committee chairs will again be able to issue subpoenas. "Joe Manchin is a good person; he really is," Biden said Friday at a reception for the Democratic Senatorial Campaign Committee. Senate Majority Leader Chuck Schumer of New York speaks at a press conference at the Capitol on August 5, 2022.

☆ 12 Republican senators so far have broken with their party to support a bill that would protect same-sex marriage. Final passage is expected Tuesday night.
▼ + stars: | 2022-11-29 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

The Senate will vote on a bill to protect same-sex marriage on Tuesday night. Twelve Republican senators so far have voted to advance the bill. Senators have tweaked the bill, which passed the Democratic-controlled House in July, to get GOP support. So far, 12 Republicans have cast votes in support of advancing the bill, and more could emerge when the final version comes up. A Gallup poll from June 2021 found that 70% of Americans — including 55% of Republicans — support same-sex marriage.

☆ Elizabeth Warren demands Sam Bankman-Fried and FTX turn over trove of records
▼ + stars: | 2022-11-17 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

Elizabeth Warren and Dick Durbin are demanding FTX founder Sam Bankman-Fried hand over a trove of documents that will shed light on the extraordinary and swift downfall of his crypto exchange. “Billions of dollars worth of investor funds seem to have disappeared into the ether,” Warren and Durbin wrote. The committee said it expects to hear from the companies and individuals involved, including Bankman-Fried. That Reuters report said Bankman-Fried used this “backdoor” to transfer $10 billion in FTX customer funds to Alameda, the hedge fund, and at least $1 billion is now missing. Warren and Durbin ask in their letter if Bankman-Fried did in fact use a “backdoor” to transfer FTX customer funds and, if so, who else knew about it.

☆ Four Republican senators so far have broken with their party to support a bill codifying same-sex marriage
▼ + stars: | 2022-11-16 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

The Senate is set to take a procedural vote Wednesday on a bill codifying same-sex marriage into law. Four Republican senators are publicly backing the bill so far, but more could emerge this week. Senators tweaked the bill, which sailed through the Democratic-controlled House in July, to get GOP support. A Gallup poll from June 2021 found that 70% of Americans — including 55% of Republicans — support same-sex marriage. Republican Sen. Lisa Murkowski of Alaska is broadly supportive of same-sex marriage, while retiring Republican Sens.

Voters in Arizona have approved a ballot initiative to extend in-state college tuition to qualifying students regardless of immigration status, the Associated Press has reported. Proposition 308 will allow students, including those who are undocumented, to pay in-state college rates if they've attended Arizona high schools for at least two years. Mark Kelly and Kyrsten Sinema to Republicans like Arizona state House Speaker Rusty Bowers and former Arizona Republican gubernatorial candidate Karrin Taylor Robson. The outcome signals a stark contrast and shift from Arizona's 2006 Proposition 300, which prohibited undocumented people from receiving in-state tuition and state financial assistance. More than 71% of Arizona voters at the time voted in favor of the proposition.

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