The Daily Populous

Saturday July 1st, 2023 morning edition

image for Biden reveals ‘new path’ to student debt relief after Supreme Court strikes down president’s plan

After the US Supreme Court struck down his administration’s plan to cancel federal student loan debts for millions of Americans, President Joe Biden has unveiled a “new path” for relief, one that he assured is “legally sound” but will “take longer”.

On Friday, the Education Department issued the first step in a regulatory process to rely on the Higher Education Act of 1965 to cancel student debt.

Under the plan unveiled by the Biden administration last year, millions of people who took out federally backed student loans would be eligible for up to $20,000 in relief.

Since March 2020, with congressional passage of the Cares Act, monthly payments on student loan debt have been frozen with interest rates set at zero per cent.

Over the last decade, the student loan debt crisis has exploded to a balance of nearly $2 trillion, most of which is wrapped up in federal loans.

Like Mr Biden, the education secretary slammed GOP officials for having accepted aid for their own businesses while opposing student debt relief, and he slammed the Supreme Court for having stepped in to stop the relief initiative.

He also named Kentucky Representative Brett Guthrie and noted that Mr Guthrie had taken $4.4 million in forgiven PPP loans while opposing student debt relief for the 90,000 eligible borrowers in his district. »

Billionaires ‘disappointed’ after superyachts banned from Naples port

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Corriere della Sera reported that the media tycoon Barry Diller was also forced to renounce Naples after the Mergellina harbourmaster banned yachts of more than 75 metres in length for security reasons.

“I am getting many letters from magnates saying they’re thoroughly disappointed that they can’t dock in Naples any more,” the source added.

While Naples may be out of bounds, the rich and famous have been attracting attention as they enjoy other parts of Italy. »

Supreme Court blocks Biden’s student loan forgiveness program

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In a stinging defeat for President Joe Biden, the Supreme Court blocked the administration’s student loan forgiveness plan Friday, rejecting a program aimed at delivering up to $20,000 of relief to millions of borrowers struggling with outstanding debt.

Republican-led states and conservatives challenging the program say it amounts to an unlawful attempt to erase an estimated $430 billion of federal student loan debt under the guise of the pandemic.

House Republicans had included an end to student loan forgiveness in their debt ceiling plan earlier this year but the deal that ultimately passed Congress required Biden to end a pandemic-era pause on student loan payments by the end of this summer. »

A Texas Family Passed Up Millions to Turn Their Ranch Into a Nature Preserve

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Who: The Urbanczyk family, the Texas Parks and Wildlife Department (TPWD), the Texas Parks and Wildlife Foundation, the Nature Conservancy, and a host of other conservation-minded individuals and organizations.

But the kids grew up—all three of them held their weddings on the ranch—and moved on to lives of their own.

Ronnie compares handing over the ranch to giving away his daughters in marriage—there’s something bittersweet and deeply emotional about it. »

Brazil’s Jair Bolsonaro is barred from running for office until 2030

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Five judges on the nation’s highest electoral court agreed that Bolsonaro used government communication channels to promote his campaign and sowed distrust about the vote.

In her decisive vote that formed a majority, Judge Carmen Lucia — who is also a Supreme Court justice — said “the facts are incontrovertible.”.

It removes Bolsonaro from the 2024 and 2028 municipal elections as well as the 2026 general elections. »