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Fg Trade | E+ | Getty ImagesThe popular Public Service Loan Forgiveness program began a partial processing pause on May 1, which will likely run through July, the U.S. Department of Education recently said. The temporary suspension comes as the Biden administration overhauls the once-troubled federal student loan program. Why the pause is happeningWhat borrowers can expect during the transitionThe Education Department will not review PSLF form submissions for roughly a two-month period, it says. Meanwhile, from May 1 through July, it says, "borrowers will not be able to see their PSLF payment counts on MOHELA's website." "During the transition, PSLF forgiveness will be suspended," said higher education expert Mark Kantrowitz.
Persons: Biden, Mark Kantrowitz Organizations: Public, U.S . Department of Education, Education Department
Oriental Trading Company CEO: The consumer is feeling the pinch
  + stars: | 2024-05-03 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOriental Trading Company CEO: The consumer is feeling the pinchOriental Trading Company CEO Steve Mendlik joins 'Squawk Box' to discuss the state of the consumer, state of the supply chain, competition from China, and more.
Persons: Steve Mendlik Organizations: Oriental Trading Company, Trading Company Locations: China
Image Students at Rutgers University’s campus in New Brunswick, N.J., dismantled their tents on Thursday. But he also indicated that talks the administration had begun holding with student protesters on Wednesday had been fruitful. The move at Rutgers follows similar deals that Brown University and Northwestern University struck earlier this week to end encampments there. Some Jewish groups voiced outrage about those agreements, calling them a capitulation to demonstrators who had created a hostile environment on campus. She noted that the deal had been reached without any arrests on campus, unlike at some other universities across the country where violence has erupted.
Persons: Mary Ann Koruth, Jonathan Holloway, Dr, Holloway, kaffiyehs, Hana Hassan, Hassan, , , Todd Wolfson, Mr, Wolfson Organizations: Rutgers University’s, ., Content Services, Palestinian, Rutgers University, Rutgers, Brown University, Northwestern University, University of Florida, Hillel International, Jewish, University, New, Tel Aviv University, New Brunswick campus’s, Justice, U.S . Education Department, university’s Center, Islamic Locations: New Brunswick, N.J, Israel, Middle, Voorhees, Palestine, New Jersey
Turkey's inflation accelerates to nearly 70% in April
  + stars: | 2024-05-03 | by ( Natasha Turak | ) www.cnbc.com   time to read: +1 min
Turkey's inflation accelerated to 69.8% annually for the month of April, the Turkish Statistical Institute reported Friday. On a monthly basis, Turkey's inflation increased 3.18%, led by price rises in alcoholic beverages and tobacco, and hotels, cafes and restaurants. April's inflation rate marks the highest annual increase since November 2022, when inflation was around 85%. But any hopes of interest rate cuts are a long way off, economists said. Turkey's central bank has hiked its key interest rate to 50%, citing the continuing need to counter climbing inflation in the country.
Persons: Kemal Ataturk, April's, Liam Peach Organizations: Turkish, Turkish Statistical Institute, Economics Locations: Turkish, Sisli, Istanbul, Turkey, London
Job growth in April was concentrated in traditionally low-paying sectors like healthcare and retail. Wage growth, though slower, still outpaces inflation, which is still a boon for workers. That's because the industries that led job growth in April are traditionally low-paying. Indeed, job growth is concentrated in industries that are historically low-paying — and continue to pay less than the average across private industries. As Pollak notes, "wage growth has come down sharply, but it's mostly come down in industries where it was very rapid before."
Persons: , it's, Jobs, that's, Labor Julie Su, Julia Pollak, It's, Kate Bahn, Insider's Aki Ito, Pollak, ALICE, They're, Nick Bunker, Bunker Organizations: Service, Federal Reserve, Labor, Healthcare, Institute for Women's, North, Business Locations: Bahn, North America
“Dissent is essential to democracy,” Mr. Biden said in brief comments at the White House. The president made clear he had no plans to change his Middle East policy because of the protests. Biden campaign advisers believe the issue is unlikely to significantly harm the president in the election. Students are leaving campus for summer break in the coming weeks, which many believe will help defuse some of the intensity of the protests. None of that stopped Republicans from pouncing on Mr. Biden’s comments.
Persons: Mr, Biden, Biden’s, won’t, Tom Cotton, , Organizations: White, National Guard, , Republican, U.S Locations: Gaza, Israel, pouncing, Arkansas
My weekend column used this season of campus protest as an opportunity to discuss the evolution of Columbia’s core curriculum, whose readings on contemporary politics, I argued, usefully distill the core of contemporary progressivism while leaving a great deal else by the wayside. I included some examples of ideas and writers that the present Columbia syllabus leaves out, but I wanted to give a little more attention to the question of what a supplement to the progressive approach would look like. If you were trying to bring a great-books program all the way up to the present and you wanted to widen the ideological aperture beyond Columbia’s progressive focus, what would you have your students read? One answer is that the very idea of being up-to-date is a mistake because readings oriented explicitly to the present are everywhere in education and the point of a core curriculum is to stand a little bit apart, to connect you to the riches of the past — riches that have been sifted in a way that just isn’t possible with the publications and arguments of the past few generations. I have some sympathy with this idea: If I were designing a core humanities program for high school students (not that I’ve ever thought about this or anything), my strong impulse would be to just hit “stop” at World War II or 1965 and decline to make any judgment on what will be remembered as the great books of the recent past and present.
Persons: Locations: Columbia
There are two weeks left for the public to comment on Biden's new student-debt relief plan. Once the public comment period ends, the administration will move toward final implementation. AdvertisementThe American people have just two weeks left to give President Joe Biden's administration input on its new student-loan forgiveness plan. Related storiesThe plan is now in the public comment period, and there are two weeks left for anyone who wishes to provide input on the administration's proposals. AdvertisementThe comments are available to be viewed publicly, and some of them were supportive of Biden's plan.
Persons: , Joe Biden's, Biden's, Andrew Bailey, Biden Organizations: Service, Education Department, Federal Register Locations: Missouri
The president of the University of Chicago said on Friday that the pro-Palestinian encampment on his campus’s quad “cannot continue,” a position that was being closely watched in higher education because the university has long held itself up as a national model for free expression. But President Paul Alivisatos said on Friday that those protections were not absolute, and that the encampment had run afoul of university policies. “Without an agreement to end the encampment, we have reached that point.”In the hours after his announcement, hundreds of protesters remained at the encampment, where they chanted and held signs as counterprotesters gathered nearby. At one point, some pro-Palestinian demonstrators and counterprotesters briefly fought one another. By early afternoon, more police officers, both from the university and the city, were visible near the quad.
Persons: Paul Alivisatos, , , Alivisatos, counterprotesters Organizations: University of Chicago Locations: Chicago
Livability, a media and marketing company that ranks places based on how livable they are, released its annual list of the 100 most livable small to midsize cities in the US this week. AdvertisementThe list is limited to cities with populations under 500,000 people that also have median home values under $500,000. Livability's list of 100 cities is not ranked in order, as you are able to filter and rank the list based on your top priorities. All one 100 cities can also be viewed on a US map, so you can easily search by region or state. AdvertisementThe following ranking of the top 10 best small to midsize cities to live in is based on the overall livability scores.
Persons: Organizations: Service, Business, Census, of Labor Statistics Locations: Los Angeles and New York, Montana, Miami, Oakland
To drive a culture of ownership, companies must build an effective strategy around equity management. Optimize capitalization table managementOne of the core elements of an effective equity management strategy is a transparent and defensible capitalization table. And with a partner to help design or evolve your equity plan management strategy, your organization will be well-prepared for its next stage of growth. Morgan Stanley Smith Barney LLC ("Morgan Stanley") and its Financial Advisors and Private Wealth Advisors do not provide any tax/legal advice. Morgan Stanley at Work services are provided by Morgan Stanley Smith Barney LLC, member SIPC, and its affiliates, all wholly owned subsidiaries of Morgan Stanley.
Persons: Teri McFadden, you've, Morgan Stanley, Mike Jung, Morgan Stanley Smith Barney, SIPC Organizations: Norwest Venture Partners, Circle, Insider Studios, Financial Advisors, Wealth Advisors
Those quiet times, less than three years ago, soon became a whirlwind. The flurry of activity reflects new investments in a region of North Carolina that has lagged behind: the Triad. The average income in Randolph County, which includes Liberty, is $47,000, and some jobs at Toyota will offer an hourly wage comfortably above that. More people moving into the area could breathe life into Liberty’s downtown. Mr. Kidd worried that many local workers lacked the education and skills to work at the plant.
Persons: Scott Kidd didn’t, Kidd Organizations: Liberty, Toyota Locations: N.C, North Carolina, Randolph County, Liberty, Liberty’s, Greensboro, Winston, Salem
“Anti-Israel protests on college campuses threaten Jewish students,” says the ad, which was shared first with CNN. While supporters of the legislation say it will help combat antisemitism on college campuses, opponents argue it overreaches and threatens to chill free speech. Some Democrats see the new investigative effort into college campuses and Johnson’s recent visit to Columbia University as a divisive political ploy. “Clearly it’s a very high priority for him,” GOP Rep. Frank Lucas of Oklahoma, the chairman of the House Science Committee, told CNN. House GOP Conference Chairwoman Elise Stefanik, who sits on the Education panel, is also expected to play a prominent role in the effort.
Persons: Mike Johnson, Johnson, speakership, ” Johnson, , , Marjorie Taylor Greene, Donald Trump, Nick Fuentes, Pramila Jayapal, Joe Biden, James Comer, Lisa McClain, Biden, “ I’ve, Frank Lucas of Oklahoma, Virginia Foxx, Elise Stefanik, Jim Jordan, Comer, ” Comer, ” CNN’s Haley Talbot Organizations: CNN, Republican, House Democratic, GOP, Louisiana Republican, Columbia University, Democrats, White, Department, Education, International Holocaust, Alliance, Columbia, Michigan, House Education, Workforce Committee, House Science, North Carolina, Yale University, University of California, University of Michigan, House GOP, New York Republican, Science, Republicans, George Washington University, Kentucky Republican Locations: Louisiana, Israel, Marjorie Taylor Greene of Georgia, Lago, Washington, Columbia, University of California Los Angeles, , Ohio
Many influencers seek out talent managers to help them grow their brands and make more money. Business Insider is seeking nominations for rising stars in influencer talent management. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSome talent managers have recently come into the spotlight in the past few years, representing some of the most sought-after influencers or helping their clients execute particularly successful partnerships. BI is seeking nominations for this year's rising stars in talent management.
Persons: , Brittany Bright Organizations: Business, Service, YouTube, Influencer League
The data, gathered from the college and new grad career site Handshake, shows a similar share of seniors say the current economic news makes them feel pessimistic. 1 priority in looking for a job is to find one that will offer stability, and they're changing some of their career preferences to find it. Elsewhere, students from the class of 2024 were more likely to apply to jobs in construction, agriculture and education, according to Handshake data. Working more than a 9-to-5Rising seniors are preparing to work more than a 9-to-5 in order to make ends meet. Many are also hopeful that side-hustle income can supercharge their savings so they don't have to work a corporate job forever.
Persons: Christine Cruzvergara, Cruzvergara, they've, Young
Jr. took from both candidates but slightly more from President Biden. But our strong feeling is that the more that Democratic-leaning voters are exposed to R.F.K. Whereas the Biden campaign is focused on making a positive for case for President Biden, our focus really is just highlighting the negatives and vulnerabilities of the third-party, independent candidates, most notably R.F.K. Jr. voters, I would say they tend to be younger, women, voters of color and lower propensity voters, right? Cottle: What about younger voters?
Persons: Smith, R.F.K, Jr, Biden, Kennedy, R.F.K ., Cottle, You’re, They’re, , MAGA Organizations: Democratic, New York Times, MSNBC Locations: Gaza
J. David Ake | Getty ImagesIf your current federal student loan servicer is Mohela, or the Missouri Higher Education Loan Authority, the U.S. Department of Education said it will soon transfer some student loan borrowers to different servicers. Change impacts Mohela borrowersThe Education Department began transferring a portion of Mohela's borrowers this week to different companies, it said in an April 29 blog post. "A different servicer will begin managing these loans and assisting these borrowers," the department said. The Education Department contracts with different companies to service its federal student loans, including Mohela, Nelnet and EdFinancial. Why the transfer is happeningWhat borrowers should do amid transitionBorrowers who are being transferred to a different servicer should receive alerts from Mohela and their new servicer, the Education Dept.
Persons: David Ake, servicer, Mark Kantrowitz Organizations: US Department of Education, Missouri Higher Education Loan Authority, U.S . Department of Education, Education Department, The Education Locations: Washington ,, Missouri, Mohela
Research dating back decades has found that emotional intelligence is the greatest predictor of success in the workplace. Having a high EQ can also help you manage stress and curb burnout, according to Kandi Wiens, director of the University of Pennsylvania's Master's in Medical Education program. For her new book, "Burnout Immunity," Wiens interviewed hundreds of people thriving in high-stress environments, including hospital employees and police chiefs who remained motivated and optimistic while working as first responders at the height of the Covid-19 pandemic. Wien suggests paying close attention to how you cope with stress to gauge your emotional intelligence at work. As Wiens explains in "Burnout Immunity," cultivating healthier responses to stress can prevent burnout, which stems from chronic, unmanaged stress.
Persons: Kandi Wiens, Wiens Organizations: University of Pennsylvania's, Medical, CNBC Locations: Kandi, Wien
Applications to the Public Service Loan Forgiveness program are paused through July. During this time, borrowers can still submit applications, but they will not be processed. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSome student-loan borrowers hoping for debt relief might have to wait a few months. Beginning on May 1, the Education Department placed a pause on any processing of applications to the Public Service Loan Forgiveness program, which forgives student debt for government and nonprofit workers after ten years of qualifying payments.
Persons: It's, MOHELA, Organizations: Public, Service, Education Department, MOHELA, Business
Discontent was simmering on Indiana University’s flagship campus long before the first tent went up in Dunn Meadow, the vast green space beside the student union in Bloomington. Earlier in the academic year, faculty members and graduate students voted no confidence in the university president. The cancellation of a Palestinian artist’s exhibition and the suspension of a pro-Palestinian student organization’s faculty sponsor drew backlash. But it was only in the last week, as a national wave of pro-Palestinian encampments reached Indiana, that a year defined by tension erupted into crisis. “These guys are not able to lead in crisis,” he said of the university’s top leaders.
Persons: , , Ahmad Jeddeeni Organizations: Indiana’s, Professional Student Government Locations: Indiana, Dunn, Bloomington, Israel
Peaceful protest is. Vandalism, trespassing, breaking windows, shutting down campuses, forcing the cancellation of classes and graduations — none of this is a peaceful protest. Threatening people, intimidating people, instilling fear in people is not peaceful protest. “Vandalism, trespassing, breaking windows, shutting down campuses, forcing the cancellation of classes and graduations — none of this is a peaceful protest. Peaceful protest is.”In calming some in his party, though, Mr. Biden took heat from others on the political left.
Persons: Biden, It’s, President Biden, ” Mr, , Nemat Shafik, , Tim Scott, Donald J, Mr, Trump, Crooked Joe Biden, Newscum, Gavin Newsom, Israel, George Floyd, could’ve, Matt Duss, Bernie Sanders, Jonathan Wolfe, Ernesto Londoño, Bob Chiarito, Mike Baker Organizations: Jewish, White, Republican, National Guard, , Police, University of California, Portland State University, University of Wisconsin, Fordham, Manhattan, University of Texas, Dartmouth College, Tulane University, New York Times, Brown University, Northwestern University, Columbia University, American Association of University, Hamilton, Republicans, Trump Locations: America, Palestinian, Gaza, , Los Angeles, Oregon, Madison, Dallas, New Hampshire, New Orleans, Rhode Island, Illinois, Israel, Washington, South Carolina, U.C.L.A, California, North Carolina, Charlotte, Wilmington, Vermont, St, Paul, Minn, Wis, Seattle
Biden Condemned Violent Campus Protests
  + stars: | 2024-05-02 | by ( Matthew Cullen | ) www.nytimes.com   time to read: +1 min
President Biden delivered an unscheduled address from the White House today in which he denounced the violence and the antisemitism that have erupted on several college campuses. It is the first time the president has addressed at length the pro-Palestinian protests that have disrupted the end of the school year at dozens of universities coast to coast. “There’s the right to protest, but not the right to cause chaos,” Biden said. The demonstrations carried on: Hours ago, the police removed protesters who had been occupying a library at Portland State University in Oregon. At the University of Wisconsin-Madison, activists erected 30 new tents, a day after a previous encampment was cleared.
Persons: Biden, ” Biden, Gaza — Organizations: National Guard, Hamas, Portland State University, University of Wisconsin Locations: Gaza, Israel, Oregon, Madison
The movie is sweet, but also very sexy, with plenty of intimate scenes. Galitzine tells BI those sex scenes, and others he's done in his career, serve a real story purpose. AdvertisementThe sizzling chemistry between Nicholas Galitzine and Anne Hathaway in "The Idea of You" trailer was enough to propel it to record-breaking views. "I've been very fortunate in the last years with different projects to have done some intimate scenes in my work," he told Business Insider. "I think they can oftentimes — and I like to think in my own work — serve a real purpose."
Persons: Nicholas Galitzine, Anne Hathaway, , Hathaway, Mary, George, Julianne Moore, Galitzine, Robinne Lee, Solène Marchand, Hayes Campbell, Robinne, Hayes, Solène Organizations: Service, SXSW, TV, Variety, North Star
But St. John’s is hardly the only institution of higher learning to either merge campuses or close its doors as a result of low enrollment or economic challenges over the past few years. More than 91 colleges closed between 2016 and 2023, including 15 in 2023 alone; 44 percent of the schools were, like St. John’s, religiously affiliated. The Staten Island campus, created in 1971, has traditionally been home to students mainly from Brooklyn and Staten Island, the majority of whom, being commuters, appreciated being able to get a college education in the vicinity of their local communities. The campus’s culture reflects that of Staten Island, whose residents often value planting one’s roots in the neighborhood and maintaining proximity to family over making frequent moves in the name of upward mobility. “Small colleges,” Mr. Franek said, “have been outstanding at offering their students an excellent liberal arts education.
Persons: John’s, Vincent de Paul, — socioeconomically, Rob Franek, , Mr, Franek, Organizations: Vincentian Fathers, Queens, The Princeton, Locations: York, St, Staten, Brooklyn, Staten Island, U.S
Here's what to expect from the April jobs report on Friday
  + stars: | 2024-05-02 | by ( Jeff Cox | ) www.cnbc.com   time to read: +5 min
Allison Joyce | Bloomberg | Getty ImagesHiring likely continued at a brisk pace in April as investors look for any cracks in the labor market that could sway the Federal Reserve. If that top-line number is accurate, it actually would reflect a small step back from the average 276,000 jobs a month created so far in 2024. April's jobs market featured more strength in health care and leisure and hospitality, Glaser added. Beating expectationsIndeed, the labor market has been full of surprises this year, topping Wall Street estimates at a time when many economists expected hiring to have slowed down. "The Goldilocks scenario is an unemployment rate rise with a participation rate rise," Matus said.
Persons: Allison Joyce, Nonfarm payrolls, Dow Jones, Amy Glaser, resiliency, Glaser, we've, Drew Matus, Matus, Jerome Powell Organizations: Brunswick Community College, Bloomberg, Getty, Federal Reserve, MetLife Investment Management, of Labor Locations: Bolivia , North Carolina
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