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Biden cancels millions of student loans

Published

2 years ago

August 25, 2022

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.

News

Technological terror: China reveals uncanny AI romance film

Published

1 day ago

April 24, 2024

ticker NEWS

As competition intensifies in the streaming landscape, with players like Roku, Vizio, and Samsung launching their ad-supported platforms, TCL aims to carve its niche by offering compelling original content.

TCL, the renowned Chinese smart-TV manufacturer, announces its innovative use of generative artificial intelligence to produce original content for its streaming platform, TCLtvPlus.

Debuting this summer, “Next Stop Paris,” an AI-driven love story, marks the inaugural program from TCLtvPlus Studios

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Grindr application cruises into court over privacy concerns

Published

1 day ago

April 24, 2024

ticker NEWS

Grindr faces lawsuit over alleged privacy breaches

Grindr, the popular gay dating app, is under fire in London as hundreds of users claim their private information, including HIV status, was shared without consent. The lawsuit alleges commercial use of sensitive data, sparking concern within the LGBTQ+ community. Grindr vows to defend its practices while emphasising its commitment to user privacy and compliance with data regulations.

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The TikTok ban was just passed by the House. What could happen next?

Published

1 day ago

April 24, 2024

ticker NEWS

Washington D.C. has been under pressure to ban the popular Chinese-owned social media app TikTok.

TikTok users could soon find that the popular social media service is either under new ownership or could be outright banned in the U.S.

Calls are growing louder from many lawmakers and national security hawks to ban TikTok, over fears the app could censure content, influence users, and give Americans’ personal data to Beijing.

But the Chinese tech company, ByteDance—which owns TikTok— denies the allegations.

Dave Levinthal, the Editor-in-Chief of Raw Story joins Veronica Dudo to discuss.