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Biden cancels millions of student loans

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Joe Biden has forgiven millions of loans. This means the U.S. government will forgive $10,000 dollars in student loans for millions of college students across the country

It means the U.S. government will forgive $10,000 dollars in student loans for millions of college students across the country.

This was one of his promises during the 2020 campaign.

According to Reuters, on the one hand it could help the Democrats during the congressional elections in November but it could also lead to higher inflation. With Reuters further adding that Republicans in the U.S. Congress also inquired whether the President has the power to make such a move.

This change means billions of dollars now becomes available.

The U.S. President said that the act is for, quote “families that need them the most – working and middle class people hit especially hard during the pandemic”.

Since the COVID 19 outbreak, student loan payments were frozen by the U.S. government. And coming to this agreement, there was much speculation as to how much of the loans the Biden administration was willing to forgive. Some from the party even asked for as high as $50,000 dollars per person to be let off.

As to the Republican party, a majority came out against the proposal- saying it would be unfair because it won’t be equally helpful for higher earners.

This plan may help up to 40 million Americans, but remains politically divisive especially with the midterm elections just around the corner.

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Is journalism taking a hit in Ukraine?

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Ukraine’s media are adapting amid increased restrictions and the pressures of war

 
Ukrainian journalists have resumed reporting allegations of corruption by officials in Ukraine.

Kyiv had cracked down on wartime censorship.

Dr Paul Lushenko is a U.S. Army Lieutenant who said democracy and transparency is impacted during war.

“It is true that in the times of war, the tensions between civil liberties and national security can be skewed.

“It’s not to say it’s without risk. There are several examples where several well-known international investigative journalists have been targeted based upon their reporting,” he said.

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Is ‘AI’ the future of fantasy?

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Artificial Intelligence advancements have ignited conversations about which industries will be impacted the most.

One industry seeing an uptick in AI generated content is the online adult entertainment industry.

 
Companies around the world are racing to rollout artificial intelligence applications and programs. The new technology is here to stay—and has changed our lives forever.

In a recent viral conversation on Twitter, a user posted an assortment of images featuring life-like women—but they were entirely generated by artificial intelligence.

While the images were made to look like real photographs—the women do not exist.

Such ‘AI”advancements have ignited conversations about which industries will be impacted the most.

So, is AI generated content good or bad for the online adult entertainment industry?

Brie Nightwood, an OnlyFans creator joins us to discuss.
#artificialintelligence #ai #adultentertainment #BrieNightwood #veronicadudo

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Why OPEC policy decisions will have a major impact on oil prices

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Despite the fall in oil prices, OPEC and its allies policy decisions can have a major impact on oil prices.

 
In May 2023, the total number of rigs drilling for oil and gas was already down by around 7% when compared with its peak in December 2022.

Slower drilling activity eventually translates into slower production growth, creating a delay of up to 6 months.

In the meantime, high levels of production are keeping inventories elevated, especially in the case of gas, which is keeping prices under pressure.

OPEC and its allies are weighing the possibility of further oil supply cuts, despite the fall in oil prices.

OPEC+ and its allies led by Russia, pumps around 40% of the world’s crude.

So, its policy decisions can have a major impact on oil prices.

Bloomberg’s Senior Oil and Gas Analyst Fernando Valle joins us to discuss.

#oil #gas #oilandgas #gasprices #FernandoValle #veronicadudo

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