>160k student loan borrowers are now in line to have their balances canceled, bringing the total amount of #DebtForgiveness allowed under the Biden admin’s policies to $167B, the #Education Dept announced Wed.
With the #election months away, #POTUS#Biden is lauding his admin’s achievements in delivering loan cancellation to nearly 4.8M people through a mix of existing programs & new policies. #Republicans have remained staunchly opposed to the effort, decrying it as a waste of taxpayers’ money & patently unfair to Americans who never went to college.
“I promised to fight to ensure higher education is a ticket to the middle class, not a barrier to opportunity,” #Biden said in a stmnt Wed. “I will never stop working to cancel student debt — no matter how many times Republican elected ofcls try to stop us.”
Don’t celebrate too much about the Dow reaching record highs, says a financial markets scholar.
There’s a lot of randomness in financial markets, and the significance of round-number milestones like last week's toppling of the 40,000 mark is mostly psychological.
As with all of her postings, everything Heather Cox Richardson says today deserves attention. She opens by noting that the Dow Jones closed above 40,000 for the first time in history. But "in comparison to the breathless coverage of the stock market during Trump’s administration, this milestone is getting very little coverage."
The Economic Damage due to climate change is much worse than thought!!!
The economic damage wrought by climate change is six times worse than previously thought, with global heating set to shrink wealth at a rate consistent with the level of financial losses of a continuing permanent war.