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Prior to the shooting at a country music festival in Las Vegas, the term “bump stock” wasn’t a familiar one to most people. Even among gun owners, the devices weren’t big sellers.A bump stock allowed the gunman in the Las Vegas shooting to make a semi-automatic rifle function more like a fully-automatic one by bumping the trigger so that it had a quicker fire.Following the shooting, there was rare bipartisan support to get rid of them. Despite the support, Congress never took action and many blamed the National Rifle Association.However, reports now indicate that the Trump administration will soon outline a federal rule that would officially ban the devices.“I would call it the bare minimum of steps, says Elizabeth Becker, a volunteer with the gun advocacy group Moms Demand Action in Las Vegas.“We do want to see bump stocks regulated, seeing as they create machine guns out of semi-automatic weapons, but there is a lot more to do on this issue.”Becker says she believes more substantive changes to gun laws are coming, thanks to the new Democrats recently elected to the House.But not all gun owners are on board with the proposal."If you're a law-abiding citizen in America and you have a clean record, you should be able to own anything you want," says Mel “Dragon Man” Bernstein, owner of Dragonman gun store in Colorado Springs.Reports indicate the new rule would force owners to turn in or destroy bump stocks within 90 days. 1466
Research by the RAND Corporation American Life Panel found that Americans over the age of 30 have been drinking more alcohol in 2020 than they did a year ago.The journal Jama Network Open published the results Tuesday.Researchers surveyed more than 1,500 people between the ages of 30 and 80 in 2019 and 2020. They found a 14% increase in drinking during the pandemic.On average, alcohol was consumed one day more per month by 3-of-4 adults, researchers said.Researchers added that it's essential to watch for whether the increases in alcohol drinking continues over the pandemic, and whether it will lead to physical and mental health consequences. 657

RANCHO BERNARDO, Calif. (KGTV) -- A Rancho Bernardo woman wants to warn her elderly neighbors to double check their water bills."Evey Borrelli is not part of the roughly 350 water customers who were overcharged when a now-former city employee misread hundreds of meters this past winter," but she did receive an incorrect bill in April of 2017.RELATED: 381
President-elect Joe Biden’s proposal to forgive ,000 of federal student debt as COVID relief could erase loan balances for 15 million borrowers and reduce balances for millions more, according to federal data.Broad student loan forgiveness could affect 45.3 million borrowers with federal student loan debt who owe a total of .54 trillion to the government. Wiping out ,000 each — as Biden calls for — would result in up to 9 billion canceled.Seth Frotman, executive director of the Student Borrower Protection Center, says removing the student loans “albatross around their financial lives” could mean the difference for consumers who aspire to buy a house, save for retirement or start a business.“Student loan borrowers across the spectrum — old, young, urban, rural, high-balance, low-balance, Black, white — are hurting with their student loans, and that was before COVID even hit,” Frotman says.For now, Biden’s proposal is just an amount, with no details to answer questions about which loans might be canceled, whether forgiven amounts would be taxed and if borrowers would have defaulted loans removed from their credit history. It also faces huge hurdles politically.But here’s how ,000 in forgiveness could affect some categories of borrowers.For 15 million borrowers, a slate wiped cleanMore than a third of federal borrowers could see their balances fall to zero with ,000 in debt cancelation. Among those, 7.9 million owe less than ,000 in student loans and 7.4 million owe between ,000 and ,000, according to federal data.These are also the borrowers most likely to default on their loans. Over half of those who default (52%) have less than ,000 of federal undergraduate debt, according to an analysis of federal data by The Institute for College Access and Success, or TICAS.That’s because those with lower debt amounts often have not completed their schooling, so they don’t reap the benefits of a degree that leads to a better paying job. Among those who default, 49% did not complete their program of study, TICAS found.Default has severe consequences: It can sabotage credit scores and trigger collection efforts that can include seizure of tax refunds and Social Security payments.Many of these borrowers are current on their payments. For them, forgiveness could help, but it might not be much of a boon to the overall economy, says Betsy Mayotte, president and founder of The Institute of Student Loan Advisors.“If you owe ,000 and your payment is 0 — and that’s a lot of money to a lot of people — but you all of a sudden don’t have to pay 0 a month, I don’t see that 0 being put toward something that will stimulate the economy,” Mayotte says.For 19 million borrowers, some breathing roomThe typical student leaves school with around ,000 in debt, according to TICAS, an amount that can grow quickly with interest if students pause payments or go on repayment plans that allow them to make lower payments.Nearly 19 million borrowers owe between ,000 and ,000 in federal student loans, according to federal data. Without detailed execution plans from the Biden team, it’s trickier to say how these borrowers would be affected.For example, cancellation might not reduce the amount they pay each month, but it could draw their end date closer and lower the total amount they’d pay overall, due to interest. Or it might wipe out one loan completely but leave payments on others intact.For 11 million borrowers, a drop in the bucketHigher income households, as a whole, are the ones that hold the most debt.The high debt/high earner correlation makes sense because those who make more money tend to have more advanced education, according to findings from Georgetown University Center for Education and the Workforce. To get those advanced degrees, students rack up debt in the process.More than 8 million people owe the government between ,000 and 0,000 in student loans. An additional 3.2 million borrowers owe more than 0,000 on their federal loans, data show.A borrower repaying 0,000 on the standard federal 10-year plan at 5% interest would pay off the loans 15 months early if ,000 were forgiven.Forgiveness is still a big maybeThere’s also the question of how loan forgiveness could move forward: Will it be through Congress or executive action or not at all?“If anything can be done by executive action, [forgiveness] could happen very quickly,” says Robert Kelchen, associate professor of higher education at Seton Hall University. “I’m just not sure whether forgiving debt would withstand legal scrutiny.”Experts say any executive action could face lawsuits or be subject to judicial review, which would leave the fate of an order for forgiveness in the hands of the Supreme Court.“There are a lot of conservative judges, so I can imagine that many of them could be hostile to the policy,” says Wesley Whistle, senior advisor for policy and strategy, higher education at the public policy think tank New America.Mayotte said she is doubtful borrowers will see straight forgiveness since the reach of this type of pandemic relief wouldn’t be as broad as, say, providing supplemental unemployment or propping up small businesses.Forgiveness won’t happen before payments restartBiden proposed his forgiveness measure as part of COVID-related relief, but experts say there’s an even more pressing student loan concern that will come to a head before Biden starts his term — the end of the payment pause for student loan borrowers, which is set to sunset after Dec. 31.Doug Webber, associate professor of economics at Temple University, says he’s worried about the pitfalls of going “zero to 60” in one day with reinstating loan payments for a population that isn’t ready.“Once you give people a benefit, it’s always harder to take it back,” Webber says.The payment pause, known as a forbearance, has been in effect since March as part of the first coronavirus relief bill. President Donald Trump extended the relief through the end of the year, but neither the outgoing or incoming administration has committed to extending it again.While borrowers await the fate of forgiveness, they should contact their servicer to get enrolled in an income-driven repayment plan if they won’t be able to afford their payments. These plans set payments at a portion of their income and can be as low as zero if they’re unemployed.NerdWallet writer Ryan Lane contributed additional reporting to this story.More From NerdWallet10+ Student Loan Forgiveness Programs That Discharge LoansFederal Loans Are Paused Until 2021 — Should You Pay Anyway?Income-Driven Repayment: Is It Right for You?Anna Helhoski is a writer at NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski. 6765
RANCHO SANTA FE, Calif. (KGTV) - A home for sale in Rancho Santa Fe’s Rancho La Cima guarded community makes the most of San Diego County’s spectacular climate.The ,750,000 home has large glass walls for indoor and outdoor living space. Additional features include a plunge pool, four-car air conditioned garage with glass display doors, movie theater or music studio, and lighted tennis courts.SLIDESHOW: Take our house tourThe home is listed by Joy Bender and Robert Aumann of Compass.7199 Rancho La CimaBedrooms: 5Baths: 5Square feet: 7,221 553
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