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Will Biden’s student debt plan backfire?

Published

3 years ago

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Following the announcement of Joe Biden’s federal student debt plan, the U.S. President is facing questions over whether the move will only increase inflation

On Wednesday, Biden announced his administration will cancel at least $10,000 in federal student debt per borrower, while extending a payment freeze to the end of the year.

However, the move has frustrated some economists, who say it will only fan the flames of America’s 40-year high inflation.

Critics warn lifting student debt will enable borrowers to spend far more over a short period of time, driving up demand and, therefore, prices.

However, others disagree and say the stimulus will have little impact on consumer spending.

At the White House, the press secretary says fiscal responsibility is the President’s top priority.

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William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Mushroom foraging tours face rising insurance costs

Erin Patterson’s murder trial has increased insurance costs for mushroom foraging tours, though insurers deny a direct link.

Published

17 minutes ago

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July 11, 2025

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Erin Patterson’s murder trial has increased insurance costs for mushroom foraging tours, though insurers deny a direct link.

In Short:
Erin Patterson’s trial for poisoning relatives has raised concerns about rising insurance costs for mushroom foraging tours in Australia, impacting operators like Feresh Pizarro and Natasha Vorogushin. Despite increased premiums, the Insurance Council maintains these changes are not directly related to the trial, highlighting a need for better public education on fungi.

The trial of Erin Patterson, who poisoned three relatives with death cap mushrooms, has affected mushroom foraging tours in Australia.

Operators report rising insurance costs, though the Insurance Council of Australia states these increases are unlikely linked to the trial. Patterson was recently convicted, prompting concerns among tour guides like Feresh Pizarro, who claims her insurance premiums have skyrocketed, threatening her business viability.

She explains the importance of educating the public about fungi, which play significant ecological roles. Similarly, Natasha Vorogushin from Morwell faces challenges obtaining adequate insurance for her foraging workshops, illustrating industry-wide issues.

Insurance costs

Richard Ford, a tour operator in Mount Macedon, also notes high insurance costs looming over his activities. Despite these challenges, the Insurance Council asserts that insurance adjustments often do not arise from perceived risks associated with singular events, such as Patterson’s case.

University of NSW actuarial studies professor Michael Sherris believes that while premiums are rising generally, this specific trial is unlikely to affect the insurance landscape for mushroom foraging.

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Netanyahu nominates Trump for Nobel Peace Prize

US and Israel push for Gaza ceasefire; Netanyahu nominates Trump for Nobel Peace Prize amid renewed peace talks.

Published

2 hours ago

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July 11, 2025

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US and Israel push for Gaza ceasefire; Netanyahu nominates Trump for Nobel Peace Prize amid renewed peace talks.


The United States and Israel have doubled down on regional stability, with hopes rising for a 60-day Gaza ceasefire and an unexpected diplomatic twist: Prime Minister Netanyahu has nominated Donald Trump for a Nobel Peace Prize.

The two leaders met at the White House, discussing peace talks gaining momentum in Qatar, and reaffirming joint military efforts, including Operation Midnight Hammer, which targeted Iran’s nuclear infrastructure.

#MiddleEastPeace #TrumpNobel #IsraelUS #GazaCeasefire #TickerNews

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Trump takes centre stage in World Cup build-up

US prepares for 2026 FIFA World Cup with $40B impact, 200K jobs; Trump receives 2025 Club World Cup trophy.

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2 hours ago

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July 11, 2025

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US prepares for 2026 FIFA World Cup with $40B impact, 200K jobs; Trump receives 2025 Club World Cup trophy.


The United States is gearing up for the 2026 FIFA World Cup, and it’s more than just a game, $40 billion in economic impact and 200,000 new jobs are on the line.

President Trump received the 2025 FIFA Club World Cup trophy from FIFA boss Gianni Infantino, ahead of the tournament’s final in New York and New Jersey.

The gesture cements Trump’s growing involvement as the U.S. prepares to co-host 104 matches across 16 cities with Canada and Mexico, in what Infantino calls “three Super Bowls a day.”

#FIFA2026 #TrumpWorldCup #USSoccer #ClubWorldCup #TickerNews

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