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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

Apple may soon have some company in the trillion dollar club. Amazon is worth about 0 billion.Shares of Amazon popped 2 percent Monday to hit a new all-time high. The stock only needs to go up another 7 percent for the Jeff Bezos-led company to top a trillion dollar market valuation.Amazon is firing on all cylinders this year. Shares of the retail/cloud/media/consumer gadget giant are up nearly 65 percent in 2018. Health care may be the next big market that the company disrupts, following its acquisition of online pharmacy PillPack.Analysts are predicting that Amazon's sales will surge 32 percent to a whopping 5 billion this year — and earnings per share will nearly triple. If there's an obstacle in the path to a trillion market cap, it's not clear what that would be. 795

Army officials at Fort Hood confirmed the identity of a soldier who was a suspect in the disappearance of Pfc. Vanessa Guillen who died of a self-inflicted gunshot wound on Wednesday morning during a confrontation with police.Officials with the Army Criminal Investigation Division (CID) confirmed the suspect who died Wednesday morning was Aaron Robinson. They also confirmed a second suspect — the estranged wife of a Fort Hood soldier — is also in custody in the Bell County Jail.CID declined to identify the name of the civilian suspect because it was "not in their jurisdiction."CID officials said Robinson and the civilian suspect are currently the only two suspects connected with the case. Officials said social media reports of a third suspect in the case were "irresponsible."The press conference took place a day after Guillen's family claimed that the missing soldier had reported to them before she disappeared that she had been sexually harassed. While CID said Thursday that an investigation into those allegations remains open, they have not yet found credible evidence of harassment.CID also refuted the family's claim that Robinson had harassed Guillen and that Robinson was Guillen's superior officer.Guillen went missing from Fort Hood on April 22. It wasn't until late June that the Army said it suspected foul play in connection with Guillen's death.Army officials reported earlier this week that human remains were found in connection with the search. Maj. Gen. Scott Efflandt, III said Thursday that the remains have not yet been confirmed to be those of Guillen. 1596

ANN ARBOR, Mich. – Domino’s Pizza says it plans to hire 20,000 new team members nationwide to help its busy stores feed families amid the COVID-19 pandemic.The thousands of available positions at corporate and franchise locations include delivery experts, pizza makers, customer service representatives, managers, and assistant managers.Additionally, Domino’s says its supply chain centers across the U.S. are actively hiring production and warehouse team members, as well as CDL drivers.The company says it hopes to help those who have lost their jobs or are facing reduced hours amid the economic crisis brought on by the coronavirus."Domino's stores offer flexible work options, which include part-time and full-time opportunities,” writes Tom Curtis, Domino's executive vice president of operations and support. “If you're looking for a steady income and want to be a part of a great team, we encourage you to apply."Domino’s says part-time jobs with them can also become a full-time profession, as more than 95% of its U.S. franchise owners began their career as part-time team members.To apply or learn more, visit jobs.dominos.com. 1146

As governors around the country consider new or stricter restrictions to control the latest surge in coronavirus cases, a recently published study identifies restaurants, cafes and gyms as some of the places having the highest risk of coronavirus spread outside the home.The study, published this week in the journal Nature, looked at data from millions of Americans, tracked by their phones as they went about daily life during the first wave of the pandemic this spring.They used the data and an epidemiological model to run simulations on viral spread at points of interest outside the home. Their findings in the simulations closely matched actual coronavirus caseloads, according to the Washington Post.“We found large variation in predicted reopening risks: on average across metro areas, full-service restaurants, gyms, hotels, cafes, religious organizations, and limited-service restaurants produced the largest predicted increases in infections when reopened,” the study states.Researchers say these locations pose more risk because the mobility data, data showing how mobile people are at these places, shows Americans tend to spend longer amounts of time and at a higher density of people.Their models add support to pandemic measures around the country that limit capacity at some of these points of interest, including capping indoor gatherings to a certain percentage or number of people.“Reducing maximum occupancy substantially reduced risk without sharply reducing overall mobility: capping at 20% maximum occupancy in the Chicago metro area cut down predicted new infections by more than 80% but only lost 42% of overall visits, and we observed similar trends across other metro areas,” researchers stated.The study also looked at disparities in lower income neighborhoods, where more of the population has to leave their home for essential jobs, grocery delivery may not be available or is financially not possible, and businesses tend to be smaller and potentially more crowded.“Because disadvantaged groups suffer a larger burden of infection, it is critical to not just consider the overall impact of reopening plans but also their disparate impact on disadvantaged groups specifically,” the study states.The researchers hope the information is helpful to policymakers and city leaders as they consider reopening restrictions. 2356

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