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☆ Some Asian American and Pacific Islander women face a $1 million salary shortfall due to the pay gap
▼ + stars: | 2024-05-28 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

For Asian American, Native Hawaiian and Pacific Islander women, they'll have to work until April 3 to make the same pay white men earned the year before. Together, AAPI women are typically paid just 93 cents for every dollar paid to white men, although the pay gap varies significantly for some AAPI communities. For example, Bhutanese women working full time earn just 49 cents for every dollar white men earn. The lifetime wage gap totals more than $1.4 million for Bhutanese women. There are other groups of AANHPI women working full time who make more than white men, including Chinese women, Indian women, Malaysian women and Taiwanese women; however, these women still make less than men in their respective communities, the report also found.

Persons: Sarah Javaid, AAPI —, Biden, Javaid, they've Organizations: Pacific, National Women's Law, Malaysian Locations: Hawaiian, U.S

☆ How the world got into $315 trillion of debt
▼ + stars: | 2024-05-28 | by ( Nessa Anwar | ) www.cnbc.com time to read: +6 min

In 2024, global gross domestic product — or GDP — amounted to $109.5 trillion dollars — slightly over a third of that global debt number. So, with global debt at a record high, should you be concerned? The first debt wave originated from Latin America in the 1980s, which led 16 countries in that region to restructure their borrowings. Global debt rose to 256 percent of GDP in 2020, a 28-percentage point increase - and the biggest one-year debt rise since the Second World War. The fourth wave has been the biggest, fastest and most wide-ranging rise in debt we've seen since World War II.

Persons: we've Organizations: World Bank, International Monetary Fund, United Locations: Prussian, Civil, United States, America, Asia, U.S, Europe, Zambia, Japan, China, India, Mexico

☆ Why Walmart, Walgreens, CVS retail health clinic experiment is struggling
▼ + stars: | 2024-05-28 | by ( Kevin Williams | ) www.cnbc.com time to read: +11 min

But the business experience in the retail health clinic space has largely disappointed. Walmart and the problem of volume vs. priceIn 2019, Walmart announced a bold initiative to open 4,000 in-store health clinics by 2029. "Primary health care is a low margin business," said Arielle Trzcinski, a principal analyst covering health care at research firm. "Compared to what they see in traditional retail, health care is a fundamentally different business," Trzcinski said, citing the challenges of navigating insurance companies and administrative burdens that health care brings. In-store health clinics can be profitable and viable, and retailers are experimenting with piecemeal approaches tailored to the local market.

Persons: Bobbi Radford, Radford, haven't, CVS's MinuteClinic, Karla Lemon, CVS's, I've, That's, Timothy Hoff, Hoff, didn't, Colleen Sanders, Sanders, Arielle Trzcinski, Forrester, Trzcinski, America Sanders, Virgil Brantz, Brantz Organizations: CVS, Walmart, Walgreens, Northeastern University, Insurance, Washington , D.C, Aetna, Retailers, Washington, Hartford HealthCare, Health Clinic, Arizona State University, Little Clinics, Kroger Locations: Batavia , Ohio, VillageMD, Southern California, New England, Conway , South Carolina, Washington ,, MinuteClinic, USA, America, Connecticut, Hartford, Phoenix, Atlanta, Little

☆ Melinda French Gates explains why she resigned from the Gates Foundation — and what she’ll do now
▼ + stars: | 2024-05-28 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

French Gates said she will donate $1 billion through 2026 to advance women’s rights around the world through her organization, Pivotal Ventures. French Gates will also give $250 million in awards to organizations working to help improve women’s mental and physical health. “I’m also experimenting with novel tactics to bring a wider range of perspectives into philanthropy,” French Gates wrote in her op-ed. In her op-ed, French Gates said she was once told to set her own agenda before someone else sets it — and that’s why she chose to leave the Gates Foundation. Just 2% of donations in the United States go to organizations focused on women and girls, French Gates noted.

Persons: Melinda French Gates, Dobbs, Gates, Melinda Gates, MacKenzie Scott, French Gates, Scott, “ I’m, Jacinda Ardern, Allyson Felix, Shabana Basij, ” Organizations: New, New York CNN, New York Times, Melinda Gates Foundation, Gates Foundation, New Zealand Locations: New York, United States

☆ South Africa, With Elections, Is Becoming Something New - The New York Times
▼ + stars: | 2024-05-28 | by ( William Shoki | ) www.nytimes.com time to read: +2 min

On an overcast April day in South Africa’s administrative capital, Pretoria, President Cyril Ramaphosa delivered a lackluster speech commemorating the end of white-minority rule in South Africa. On several occasions, the former South African president Jacob Zuma proclaimed that the A.N.C. would rule “until Jesus comes back.” Now Mr. Zuma is hoping to unseat the party that enabled his notorious graft. The party’s emergence is one of the many morbid symptoms in South Africa today. Thirty years on from apartheid’s end, South Africa is in the midst of another complex transformation.

Persons: Cyril Ramaphosa, Nelson Mandela, Ramaphosa’s, Jacob Zuma, “, Jesus, Zuma, uMkhonto, —, ’, Ramaphosa Organizations: African National Congress, South, Mr Locations: South Africa’s, Pretoria, South Africa, South

☆ Keep your diploma — Gen Z prefers a toolbelt
▼ + stars: | 2024-05-27 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +1 min

Young Gen Z adults are skipping college in favor of trade schools and tech training. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDespite a bad reputation for devaluing education and sneering at work, Gen Z might just be thinking outside the box. This story is available exclusively to Business Insider subscribers.

Persons: Young, —, Gen Organizations: Service, Trade, Business

☆ I'm a single mom of 3 living in Anguilla. My kids are safer than in the US and there's a bigger sense of community.
▼ + stars: | 2024-05-27 | by ( Lauren Crosmedlicott | ) www.businessinsider.com time to read: +5 min

Before moving to Anguilla when I was 13, I lived with my single mom in Oregon, Florida, and California. My dad is from Anguilla, so my mom always had a connection to the island. As a single mother, I'm not afraid someone will come into my house to steal or hurt my family. My kids don't experience bullyingI'm always reading about how bad bullying is in the US. AdvertisementWe don't spend money on things we don't needThere aren't a lot of stores in Anguilla.

Persons: —, Vanessa Croft, I'm Organizations: Service, Business, University of the West Locations: Anguilla, Oregon , Florida, California, We've, States, America

☆ South Africa has failed its Black majority. Nelson Mandela’s political heirs may pay the price
▼ + stars: | 2024-05-27 | by ( Hanna Ziady | ) edition.cnn.com time to read: +12 min

When South Africans vote Wednesday, an unhappy combination of rampant corruption, soaring joblessness, crippling power cuts and feeble economic growth will likely be top of mind. Black South Africans, who make up 81% of the population, are at the sharp end of this dire situation. ‘Elite enrichment’Under apartheid — and colonial rule before that — Black South Africans were violently oppressed and denied many basic human rights. Millions of South Africans still live in such informal settlements. “The poster child of this is the electricity sector.”For much of last year, South Africans were without power for at least some portion of the day.

Persons: ”, Nelson Mandela’s, —, Cyril Ramaphosa, Leon Sadiki, BEE, Moeletsi Mbeki, Thabo Mbeki, White, “, Tshediso Matona, Anders Pettersson, Black, …, Kganki Matabane, Matthew Parks, Matona, Mbeki, Ricardo Hausmann, Jacob Zuma, Haroon Bhorat, Michele Spatari, ” Bhorat, hasn’t, ANC “, Zuma, Ramaphosa, Cas Coovadia, Hausmann Organizations: Johannesburg CNN, National Congress, ANC, World Bank, Oxford Economics, Harvard University, Democratic Alliance, Bloomberg, Getty, South African Institute of International Affairs, Wits University, CNN, ”, BBEE, Black Business Council, South African Trade Unions, Harvard’s, University of Cape, South Africa’s Free, International Monetary Fund, Fitch, IMF, JPMorgan, Shell, Unilever, Business, Business Unity, Harvard Growth Locations: London, Johannesburg, Sudan, Africa, Alexandra, South Africa, Leon, Isipingo, KwaZulu, Natal, South, ”, University of Cape Town, loadshedding, Namahadi, Frankfort, Business Unity South Africa

☆ Trump Elevates a Conservative ‘Warrior’ on Education
▼ + stars: | 2024-05-27 | by ( Alexandra Berzon | Michael C. Bender | ) www.nytimes.com time to read: +1 min

Ms. Donalds was singled out for opening a charter school in Florida. He is just a “poor kid from Brooklyn,” he said, who made good by doggedly pursuing his interests. He urged the group to do the same: “Be bold.”Mr. Donalds’s career is a testament to his advice. His interests — in overhauling public education, evangelical Christianity and electing Donald J. Trump — have propelled a rapid political ascent. A backbencher congressman in only his second term, Mr. Donalds, 45, has fast become a prominent surrogate for Mr. Trump’s presidential campaign and a conservative media regular, serving up earnest and on-message defenses of the former president.

Persons: Byron Donalds, Erika, Donalds, “, ” Mr, ”, doggedly, Mr, Donald J, Trump Organizations: Republican, Truth & Liberty Coalition Locations: Florida, Brooklyn

☆ The 50 best places to live in the US, mapped
▼ + stars: | 2024-05-26 | by ( Noah Sheidlower | Jordan Pandy | ) www.businessinsider.com time to read: +4 min

The 2024 U.S. News & World Report list of the Best Places to Live in the US, which was released Tuesday, ranks 150 major cities based on their quality of life, education, crime rates, employment opportunities, and housing. Business Insider mapped the top 50 best places to live, with the top 15 colored dark blue. Southeastern Florida cities like Miami and Fort Lauderdale normally get most of the love from movers outside the state — or even the country. But this year, it's the western part of the peninsula that's well-represented on the list of best places to live. Many have been moving to Arizona, Florida, Texas, and Washington, citing factors such as high home prices, the climate crisis, and politics.

Persons: —, Fort, Austin Organizations: Service, U.S . News, Places, Business, Sunshine State, Fort Collins, Council for Community, Economic Research, State Locations: U.S, Florida , Colorado, North Carolina, Northeast, Southwest, Florida, Colorado, Naples, Sarasota, Pensacola , Tampa, Fort Myers, Melbourne, Naples , Florida, Boise , Idaho, Southeastern Florida, Miami, Fort Lauderdale, Tampa, Colorado Springs, Boulder, Denver, Tennessee, South Carolina, Kentucky, Georgia, Alabama, Buffalo , Pittsburgh, Portland, Davenport , Iowa, Omaha, Lincoln, Texas, California, Austin, McAllen, McAllen , Texas, Francisco, San Diego . Washington , Oregon , Idaho , Nevada, Utah, Arizona , Florida , Texas, Washington

☆ 6 in-demand freelance skills, according to Upwork—one pays up to $250 an hour
▼ + stars: | 2024-05-26 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

Approximately 2 million people are expected to graduate from college in 2024, according to the National Center for Education Statistics. Data analysts on Upwork charge as much as $167 per hour. Given the constant development of technology, demand for full stack development "isn't going away," says Lilani. Like full stack development and given the prevalence of these platforms, "social media marketing is another one that's not going away," Lilani says. Accountants on Upwork charge as much as $125 per hour.

Persons: Margaret Lilani, Vicki Salemi, they're, Salemi, Lilani, That's Organizations: National Center for Education Statistics, Microsoft, Social

☆ A key phase in Biden's new student-loan forgiveness plan has wrapped up, bringing borrowers one step closer to relief. But pushback is brewing.
▼ + stars: | 2024-05-26 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Read previewRachel, a Pennsylvania student-loan borrower, wants President Joe Biden's new debt cancellation plan to be implemented — and she wants the relief to be as broad as possible. AdvertisementRachel is among the millions of federal student-loan borrowers contending with monthly bills again amid an uncertain time for relief. Biden's Education Department is working to implement a new debt relief plan after the Supreme Court struck down its first plan last summer. "I will never stop working to cancel student debt — no matter how many times Republican elected officials try to stop us." Where the challenges standThe administration is required to adhere to the negotiated rulemaking process to implement this new student-loan forgiveness plan.

Persons: —, Rachel, Joe Biden's, cancelation, Biden, Donald Trump, Cary Coglianese, it's Organizations: Service, Federal, Business, Biden's, Public, Education Department, Republican, Department, Biden, Higher, University of Pennsylvania Locations: Pennsylvania

☆ The 10 books the rich will be reading this summer
▼ + stars: | 2024-05-26 | by ( Robert Frank | ) www.cnbc.com time to read: +11 min

That's why J.P. Morgan Private Bank, every May, releases its summer reading list, often serving as a book club for billionaires. This year marks the 25th anniversary of the list, now called the J.P. Morgan Summer Reading List. The 10 books are carefully curated to match the tastes and preoccupations of J.P. Morgan's wealthy clients. It also helps with client events, since authors on the list often agree to do special dinners or speaking events for J.P. Morgan clients. Authors love being on the list as well since J.P. Morgan buys thousands of books to hand out and since clients often refer the books to others.

Persons: Robert Frank, Today's, Alicia Keys, Swizz Beatz, J.P, Morgan, Darin Oduyoye, Oduyoye, Gary White, Matt Damon, Charles Duhigg, Jonathan Haidt, Haidt, Kasseem Dean, —, Gordon Parks, Michel Basquiat, Lorna Simpson, Odili Donald Odita, Kennedy Yanko, Kimberli Gant, Salman Khan Salman Khan, Jack Daniel, Fawn Weaver, Daniel's, Daniels, Weaver, Joshua Robinson, Jonathan Clegg, Robinson, Clegg, Melinda Stevens, Issy von Simson, Tabitha Joyce, Fortunato, Adam Pearson, Fortunato Chocolate, Laura Mae Martin, Laura Mae Martin —, Martin, Jake Gyllenhaal, Greta Caruso, Tony, Damon Organizations: Morgan Private Bank, Morgan, Reading, Wealth Management, J.P, Giants, Art, Phaidon, Brooklyn Museum, Education, Khan Academy, Wall, Mercedes, Nacional, Google, Solutions, JPMorgan, Manhattan Company Locations: Water, Lynchburg , Tennessee, America, United States, Croatian

☆ Opinion: Alito’s second red flag
▼ + stars: | 2024-05-26 | by ( Kirsi Goldynia | ) edition.cnn.com time to read: +18 min

This is not the first time Alito has found himself in hot water over displaying a controversial flag on his property. The upside-down flag, a signal of distress, was adopted by Trump supporters who believed the false claim that the election had been stolen. (Alito said his wife had raised the upside-down flag in response to a disagreement with a neighbor. The discovery also comes at a time when the Supreme Court will be making a decision about Trump’s claims of sweeping presidential immunity, his get-out-of-jail-free card for the federal cases he faces. “The notion that the Supreme Court can be trusted to be an arbiter above partisan politics has suffered major blows in recent years.

Persons: ”, Scott Peck, Samuel Alito, “, Alito, Joe Biden’s, Trump, Julian Zelizer, Walt Handelsman, Michael J, Broyde, Ruth Bader Ginsburg, Donald Trump, ‘, ’, ” Nikki Haley’s, Nikki Haley’s, Nikki Haley, Haley, Nancy Pelosi, She’s, Joe Biden ‘, I’ve, ” Clay Jones, Drew Sheneman, Judge Juan Merchan, Robert Costello, Michael Cohen, Norm Eisen, Costello, ’ Merchan, cautioning, …, Eisen, Sunak, Rishi Sunak, Henry Nicholls, Holly Thomas, Sunak —, Thomas, Joel Pett, Adolf Hitler, Ruth Ben, Hitler, Benito Mussolini, Said Ben, Anna Sauerbrey, Sauerbrey, Biden, America —, Richard Curtis ’, Julia Roberts, Hugh Grant, Laura Beers, it’s, —, Ebrahim Raisi, Frida Ghitis, Ali Khamenei, Peter Kuper, Cagle, “ I’m, What’s, Benjamin Netanyahu, Yoav Gallant, Yahya Sinwar, Mohammed Diab Ibrahim al, Masri, Ismail Haniyeh, Peter Bergen, ” Netanyahu, Israel’s, Netanyahu, Kerri Kennedy, Biden “, Israel, ” Don’t, Agency Carrie Sheffield, Noah Berlatsky, Singleton, Biden’s Morehouse, Jill Filipovic, Diddy, Cassie Ventura, Catherine Tan, Shanahan, Brian Castrucci, Frank Luntz, Mark Zandi, Trump Will Cathcart, Joyce M, Davis, Bill Maher, Jimmy Kimmel, Randy Holmes, Bill, ” Nicole Hemmer, Said Will, Maher, Hemmer, ” “ Maher, It’s Organizations: CNN, New York Times, Agency, Trump, South Carolina Gov, Republican, NHS, Labour, Tory, Social, Italiana, European Union, ”, Islamic, Education, Workforce, Harvard, University of California, Columbia University, Columbia, Criminal Court, ICC, Israeli, International Court of Justice, United Nations Security, American Friends Service Committee, RFK, Disney, Entertainment, Democrats Locations: Alito’s Virginia, New Zealand, AFP, ”, England, Trump’s America, America, Italian, Germany, Poland, France, Berlin, Hill, American, British, London, Notting Hill, Iran, Republic of Iran, Islamic Republic, University of California Los Angeles, Gaza, United Kingdom, Rafah, Georgia’s, Moscow, Africa

☆ Stuck in a hellish loop: ALICE parents explain how they never have enough money to give their kids the life they want
▼ + stars: | 2024-05-25 | by ( Noah Sheidlower | Juliana Kaplan | ) www.businessinsider.com time to read: +10 min

He buys the cheapest toiletries and groceries he can find, and he can't afford mental health resources. Childcare costs remain an immense burden for Americans across the income spectrum, and it's a cost that particularly weighs on ALICE parents. They can't afford proper mental health and medical treatments, which are few and far between in their rural community. Even when ALICE parents can obtain assistance, it's often not enough to account for the realities they face. Many ALICEs find themselves in a neverending cycle, even as parents aspire for more for both themselves and their kids.

Persons: —, Ryan Arbuckle, Arbuckle, Louis, he'll, ALICE, he's, Stephanie Hoopes, United For ALICE, Georgia Kristin Musselwhite, William, it's, Kristin, William Musselwhite, Pennsylvania Joey Lovello, Beki, Joey, Uber, doesn't, I'm, They're, they're, April Schultz, Kevin, Schultz, John S, we're, John, she'll, Katelynn, Joey Lovello Organizations: Service, Business, United, United For, Federal Reserve, Medicaid Locations: St, Georgia, Pennsylvania, Bethlehem , Pennsylvania, Illinois, Dover , Delaware

☆ Elite tutors can earn $180,000 and travel the world, but are risking a 'Faustian pact' with the superrich
▼ + stars: | 2024-05-25 | by ( Cameron Manley | ) www.businessinsider.com time to read: +10 min

Read previewA wealthy family wants to hire a private tutor for their two young children. The position includes a minimum annual salary of $180,000, nine weeks of annual vacation, and accommodation and travel expenses. The UK-based tutoring agency Tutors International, searching for the highly lucrative tutoring role, has been described as the "Dom Perignon" of the industry. "In 2001, we thought charging a client £28,000 ($35,000) a year was a lot of money," Caller told Business Insider. Advertisement"Graduates from elite universities are often making a Faustian pact: serving the wealthy to pay their post‐graduation debts," he said.

Persons: —, Dom Perignon, Adam, Jerome Barty, Taylor, Lu ShaoJi, Mark Bray, Bray, it's, Lee Elliot Major, you've Organizations: Service, Business, International, Oxford, Cambridge University, Ivy League grads, UNESCO, Comparative, University of Hong, Monaco, Social Mobility, University of Exeter Locations: Europe, Hong Kong, Champagne, Cambridge, Oxford, Dubai, University of Hong Kong, London, Russia, Britain

☆ Educating workplaces about AI will lead to better outcomes, say business leaders
▼ + stars: | 2024-05-24 | by ( Leila Jordan | ) www.businessinsider.com time to read: +5 min

I think I use generative AI every day, and it's taken me a year to become comfortable with that intervention and interface," he said. "It's going to lead to better outcomes for them and ultimately and more importantly, better outcomes for our customers." JLL recently launched multiple AI initiatives, including an HVAC energy-optimization platform to help reduce energy and service costs, and JLL GPT, a generative AI project built for the commercial-real-estate industry. AdvertisementFor Dr. Mozziyar, AI's greatest potential in the medical field is its ability to assess patients' conditions. "We want the interaction with AI, or the use of AI, to paradoxically remove the barriers between, in our case physician and the computer," said Dr. Mozziyar.

Persons: Matt Baker, Baker, Mozziyar Etemadi, Etemadi, Peter Miscovich, Miscovich, Mozziyar, JLL, They're Organizations: Service, Efficiency, Dell Technologies, Business, Northwestern Medicine, Dell

☆ Netflix shows about stalkers like ‘Baby Reindeer’ and ‘You’ are capturing audiences, but awareness of the crime is still low
▼ + stars: | 2024-05-24 | by ( Sydney Bishop | ) edition.cnn.com time to read: +14 min

In “Baby Reindeer,” Gadd’s stalker is portrayed as unattractive and mentally ill — someone whom her victim actually feels sorry for. “Baby Reindeer,” rated TV-MA by Netflix for “language, nudity, sex, sexual violence, substances,” only has a viewer discretionary warning before “Episode 4” wherein Gadd’s character is sexually assaulted. Information is also available on sexual assault, sexual violence and relationship abuse. Neither Netflix nor the “You” and “Baby Reindeer” teams responded to CNN’s requests for comment. Fleitman hopes “Baby Reindeer” can raise awareness for stalking victims, like men and so-called “imperfect victims” whose stories may not look like the ones we’re used to seeing.

Persons: Richard Gadd, Donny, Martha, Joe Goldberg, Dr, Lorraine Sheridan, don’t, ” Sheridan, “ I’ve, ” Gadd, “ I’m, Donny Dunn, Gadd, Edward, ” Emilio Estevez’s, Andie MacDowell’s, Penn Badgley, Joe, Goldberg, Sheridan, Stalkers, stalkers, we’ve, ”, Dana Fleitman, Anna Nasset, ” Nasset, “, aren’t, they’re, ” Fleitman, Fleitman, Edward Cullen, Robert Pattinson, Kristen Stewart, Bella, “ we’re, —, Nasset, femicides, weren’t, Dana, Resouces, Alice Ruggles Organizations: CNN, Hollywood, Netflix, Resource Center, Resources, SPARC, for Disease Control, US Department of Justice, National, HOPE VictimConnect, National Center for Locations: “ St, Elmo’s, California, Edinburgh, Scotland

☆ This high schooler won $10,000 because he saw a mysterious outbreak killing sea turtles in his Hawaii hometown and decided to do something about it
▼ + stars: | 2024-05-24 | by ( Morgan Mcfall-Johnsen | Ellyn Lapointe | ) www.businessinsider.com time to read: +9 min

He kept seeing green sea turtles with cauliflower-like tumors. And it would just encapsulate the green sea turtles," he said. A green sea turtle afflicted with fibropapillomatosis at the Turtle Hospital in Marathon, Florida in the Florida Keys. Green sea turtles are crucial for the health of reefs worldwide, as they eat algae that would otherwise suffocate the coral. He donned his diving gear and set up motion-sensing underwater cameras to snap photos of green sea turtles.

Persons: —, Maddux Alexander Springer, Springer, fibropapillomatosis, Pablo Cozzaglio, Peggy Scripps, It's, Hugh Gentry, they're, salicornia, Narrissa, Mitchell Pettigrew, that's, he'll Organizations: Service, Business, Turtle Hospital, Getty, National Oceanic, Atmospheric Administration, Google, Springer, Communication, Regeneron, Science, Engineering, Reuters, Hawaii Division, Nature, Hawaii's Department of Health, Honolulu Civil, University of Oregon, Oregon State University Locations: Kāneʻohe, Marathon , Florida, Florida, AFP, Oahu, Hawaii, Kāneʻohe Bay, Kāneʻohe Bay . State, Cavan, Hawaii's, cesspools, Honolulu

☆ Your student loan payment could get cut in half this summer—here's what to know
▼ + stars: | 2024-05-24 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +2 min

The Saving on a Valuable Education plan is the newest income-driven repayment plan available to federal student loan borrowers, and this summer it's getting even more affordable. Currently, monthly payments on the SAVE plan are calculated as 10% of borrowers' discretionary income. Borrowers who stay on the SAVE plan can have their remaining balances forgiven in as little as 10 years of repayments. All federal student loan borrowers with direct loans are eligible to apply for the SAVE plan through their loan servicer. You can also use Federal Student Aid's loan simulator tool to see if it's the right repayment plan for you.

Organizations: Department of Health, Human Services, SAVE, Education, CNBC

☆ EU AI act: Meta, Amazon execs say Europe’s new AI law could harm innovation
▼ + stars: | 2024-05-24 | by ( Tom Foster | ) edition.cnn.com time to read: +3 min

The first-of-its-kind law is poised to reshape how firms and other organizations in Europe use AI for everything from health care decisions to policing. For Meta’s (META) AI chief, Yann LeCun, “the big question” about the new law is “should research and development in AI be regulated?”“There are clauses in the EU AI act and various other places that do regulate research and development. I don’t think it’s a good idea,” he told CNN’s Anna Stewart at the Paris event. LeCun, widely known as one of the “godfathers of AI,” disagrees with concerns that AI could soon surpass human intelligence. “We need to make sure that innovation continues to happen and that the innovation doesn’t just come outside Europe.

Persons: Yann LeCun, ”, CNN’s Anna Stewart, “, Werner Vogels, Stewart, Vogels, “ Let’s Organizations: London CNN, Meta, CNN, EU, overregulating Locations: Paris, Europe, EU, underinvesting

☆ UK rainforests: Photos reveal the ancient and rare woodland habitat
▼ + stars: | 2024-05-24 | by ( Nell Lewis | ) edition.cnn.com time to read: +7 min

CNN —Lush greens, tangled wood, blurs of light – giant images of rainforests hang on the walls of a church in London. The images are not of tropical rainforests, but very rare temperate rainforest in the UK. Forest bathingVestey’s first trip to a temperate rainforest was in Devon, southwest England. Since then, Vestey estimated she has visited around 60% of the remaining temperate rainforests in the UK. They started spending more time in the ancient woodland at Cabilla, their family’s 300-acre farm on Bodmin Moor, Cornwall.

Persons: CNN —, birdsong, Joanna Vestey, “, Vestey, ”, Qing Li, “ I’m, Merlin Hanbury, Tenison, Lizzie, Hanbury, Tara Juno Rowse, I’ve Organizations: CNN, UK’s Art, University of Exeter Locations: London, Britain, Ireland, Cornwall, Scotland, Devon, England, Japan, UK’s, Afghanistan, Hanbury, Cabilla, Bodmin Moor, “, Tenison, British, Bodmin

☆ Doctor-designed food prescriptions could help patients cut medical costs for hypertension and cancer
▼ + stars: | 2024-05-24 | by ( ) www.businessinsider.com time to read: +9 min

A doctor said healthy food plans can help address high healthcare costs and chronic illness rates. Providing personalized recommendations for healthy food — along with information on how to prepare it and the resources to afford it — is fast becoming a trend in preventive healthcare. Healthy food can be hard to access and may not always fit the culinary traditions and eating habits people grew up with. "People think that a healthy diet has to cost more, a lot of the staples of a healthy diet are very inexpensive," he said. Cruciferous veggies are some of the most nutritious foods because they're high in antioxidants, which may help protect against cancer.

Persons: —, Dexter Shurney, Shurney, Maya Garcia, who'd, Garcia, I've, they've, it's, Green, Cruciferous, we're, chia Organizations: Healthcare, Service, US Department of Health, Human Services, SNAP Locations: Foodsmart, Chicago

☆ Homes on billionaire hot spot Nantucket are falling into the ocean at an alarming rate — but the wealthy won't stop buying
▼ + stars: | 2024-05-24 | by ( Madeline Berg | Dan Latu | ) www.businessinsider.com time to read: +14 min

Over the past two centuries, Nantucket has gone from a whaling town to a hippie refuge to a holiday hot spot for billionaires. "To use a well-worn phrase, come hell or high water, people are still buying multimillion-dollar homes on Nantucket." Between 2030 and 2100, the number of structures exposed to coastal erosion is expected to go from 113 to 860. "Without erosion, this would be an extremely valuable area," Baxter Road resident Joshua Posner told BI. "It's not inexpensive, but it is worth doing," Posner told BI.

Persons: Steve Schwarzman, Eric Schmidt, Barry Sternlicht, Elizabeth Gibson, David L, Ryan, Bruce Percelay, Edward Sanford's, he'd, Percelay, Greg Mckechnie, you'd, Barry Sternlicht's, Suzanne Kreiter, Shelly Lockwood, who's, I'm, Joshua Posner, Jack Welch, Bill Belichick, —, Sanford, Lockwood, Nature, Yorker Brendan Maddigan, Maddigan, Mckechnie, Schwarzman, She's, Posner, he's, Helmut Weymar, Anne Atherton Organizations: Resilience, Business, Boston Globe, Getty, Estate, Nantucket, Coastal, Nantucket's Cisco, Cisco, Beach, Patriots, Yorker, Preservation Fund, Baxter, Conservation, Conservancy, The New York Times, Conservation Commission, Nature Locations: Nantucket, England, Cape Cod, Nantucket's, Madaket, Sconset, Brant, Baxter

☆ Interest on Federal Student Loans Is Rising to 6.53%
▼ + stars: | 2024-05-24 | by ( Ann Carrns | ) www.nytimes.com time to read: +1 min

The interest rate on new federal student loans for undergraduates will be 6.53 percent as of July 1, up from 5.5 percent this year, the Education Department announced last week. And rates on PLUS loans — extra financing available to parents of undergraduate students as well as to graduate students — will increase to 9.08 percent. The yield at the May 8 auction was 4.483 percent, plus an added 2.05 percent for undergraduate loans. (The yield last year in the Treasury auction was 3.448. Add-on rates are higher for graduate and PLUS loans.)

Organizations: Education Department, Congress, Treasury

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