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As many former college students are getting a reprieve from paying federal student loans, some Democratic leaders are calling on the next president to suspend payments permanently.On Thursday, Senate Minority Leader Chuck Schumer called on forgiving federal student loans for those owing less than ,000. Schumer is proposing a resolution to outline how the president should forgive student debt.The resolution would not be applicable to private student loans.In a statement, Schumer said, “For far too long the sunny, American optimism of our young people has been clouded by crippling student debt. Education is supposed to be a ladder up, but studies have shown that student loans hold people back and prevent young college graduates from owning homes or starting small businesses. This holds our entire economy back, which we cannot afford after the financial devastation of COVID. That is why I will prioritize student debt forgiveness in 2021."Schumer’s comments came as the U.S. Senate Committee on Health, Education, Labor, and Pensions met with experts on the government’s student aid program FAFSA.A 2017 federal government study found that 20% of students who took out college loans during the 2003-04 academic year had paid off their debt within 12 years. Those taking out loans that year were more likely to have defaulted on a loan at least once.Dr. Judith Scott-Clayton, an economics researchers at Columbia University, went before the US Senate on Thuesday. Facing questions from Democratic Sen. Elizabeth Warren, Scott-Clayton said that the impact of student loan debt is particularly crippling to minorities.“It's really shockingly bad,” Scott-Clayton told the U.S. Senate Committee on Health, Education, Labor, and Pensions. “Even prior to the pandemic, nearly half of Black student loan borrowers would experience a student loan default within 12 years of college entry. That's-- compared to about a third of Hispanic borrowers and one in five white student borrowers. It's so bad that a Black college graduate with a bachelor's degree is more likely to experience a default than a white college dropout. And unfortunately, these stats might get worst due to the pandemic.”Last month, President Donald Trump extended a moratorium on federal student loan payments. Borrowers are not obligated to repay federal student loans through the rest of the year. The executive order was signed due to the economic fallout stemming from the COVID-19 pandemic.Collectively, Americans owe .54 trillion in student loan debt, which is nearly 0 billion more than owed on auto loans, and nearly twice the amount owed on credit cards.While many college grads are straddled with debt, having a college degree has a significant impact on earnings. According to the Bureau of Labor Statistics, the mean weekly earnings for a college graduate is ,416, compared to 9 per week for a high school graduate with no college education. 2947
Army Sgt. Bowe Bergdahl teared up at his sentencing on Monday as he apologized to service members who searched for him after he deserted his outpost in Afghanistan in 2009."My words can't take away what people have been through," Bergdahl, 31, told an audience at his court martial that spilled into an overflow room. "I am admitting I made a horrible mistake."Bergdahl pleaded guilty October 16 to desertion and misbehavior before the enemy. His lengthy testimony began after the presiding judge rejected his attorneys' request to dismiss the case over President Trump's criticism of him during his campaign for the White House. 647

America's job market got back on its feet in October.The U.S. economy rebounded from the hurricanes and added 261,000 jobs, the best performance of the Trump administration.Unemployment inched down to 4.1%, the lowest since December 2000.But wages took a step back. They grew only 2.4% in October compared with a year earlier, behind September's number. The absence of better wage growth and inflation is one of the biggest mysteries in the economy.WATCH: How hourly wages fared in the October jobs report 513
Anita Hall, along with the Hollywood Commission, will launch a new anonymous reporting platform next year to hold serial harassers in the movie industry accountable.Hill, who made history in October 1991 when she testified before Congress about the alleged sexual harassment she experienced when she was an aide by then-Supreme Court nominee Clarence Thomas at the Equal Employment Opportunity Commission.Twenty-nine years later, Hill is still finding ways to address the abuse and harassment women still face today.The Hollywood Commission, founded by entertainment lawyer Nina Shaw and Lucasfilm's Kathleen Kennedy and Hill chairs, recently spearheaded a survey that found survivors want to track harassment and abuse in the workplace.According to the survey, 93% of the 9,630 anonymous current and former workers in Hollywood said they wanted "technology for victims to create a time-stamped record" that would track harassment and abuse in the workplace.After its findings, the commission announced in September that by the first quarter of 2021, they would launch a cross-industry anonymous reporting platform that would help identify abusers.The platform would also allow users to ask questions or raise concerns through a two-way anonymous messaging system."For too long in Hollywood, there have been 'open secrets' about the harassment perpetrated on workers by powerful people who are able to successfully evade accountability for their actions," said Hill in the press release. "With this survey, we have identified the most vulnerable workers in Hollywood and the resources and systems that will provide support and a safety net for them. Our expectation is that these tools will be the foundation to build a new era of transparency and accountability for all workers in the entertainment industry."According to the press release, the commission will also train 450 entertainment workers through a bystander intervention training program to teach them how to intervene if they see abuse happening. 2016
Are you participating in Black Friday shopping this week? The season's biggest shopping event of the year might look a lot different than usual with many cities, states and retailers putting in restrictions due to COVID-19.For the first time, Deloitte’s consumer survey found that more shoppers plan to go online Thanksgiving weekend than to visit in-person retailers. The survey found that 58% of those planning to shop on Thanksgiving weekend will do so online, compared to 41% who say they will shop in person. Last year, 61% of shoppers said they planned on shopping in person compared to 51% who said they would shop online. A number of those surveyed said they would do both.If you plan on shopping on Black Friday, the Better Business Bureau offered the following tips:1) Stay Safe. Follow CDC guidelines to healthy and safe while in the store.2) Make the most of Black Friday deals. Start with a list of items and use sale flyers and promotions to determine which store has the best price. Set a budget and stick with it before heading out.3) Read the fine printSome retailers may offer an additional percentage off the purchase, but could exclude certain deals or items such as “door busters.” Watch for companies boasting a high percentage off; the item may be “75% off,” but the original price could be inflated. Carefully check the price tags, terms, and conditions. Research online using a secure wifi connection to see if competitors have the item at a better price.4) Plan out the excursion. Sometimes it's not necessary to wait to see what deals will be offered on Black Friday. Retailers often will release Black Friday flyers weeks ahead of time, so consumers can plan out their shopping spree. Make a map of the stores to visit and what items are at which store. Some retailors only honor sale ads during a certain time frame, or on certain days, and could limit the amount of deeply discounted items available for purchase.5) Sign-up for email alerts. Many stores release their best Black Friday deals and exclusive coupons to people who have subscribed to their emails. Sign up ahead of the holiday season, and then unsubscribe afterwards if needed.6) Do your research. Read product reviews on extremely discounted items. It could be a cheaper model or brand advertised, and not what was expected. Check BBB.org for Business Profiles of the stores and read what other customers’ have experienced.7) Know the return policy and warranty information.Pass along any information about returns, exchanges, repairs, and warranties to the person who will use the item. Gift receipts are an easy way for recipients to return or exchange a gift if it’s not just right, but make sure the item is able to be returned before purchasing.Visit BBB.org to look up a business, file a complaint, write a customer review, report a scam, read tips, follow us on social media, and more! 2894
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