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Publix has suspended its political contributions as it reevaluates its giving processes, the national grocery chain said in a statement on Friday. The announcement comes days after Parkland student activist David Hogg called for a "die-in" at the grocery store to protest its support for a Florida gubernatorial candidate backed by the National Rifle Association."We regret that our contributions have led to a divide in our community. We did not intend to put our associates and the customers they serve in the middle of a political debate," the company said in a statement.Publix added: "We would never knowingly disappoint our customers or the communities we serve. As a result, we decided earlier this week to suspend corporate-funded political contributions as we reevaluate our giving processes."Hogg is a survivor of the Feb. 14 shooting at Marjory Stoneman Douglas High School in Parkland, Florida, where 17 people were killed.Since then, Hogg and other survivors launched a national movement to call for gun reform and led a march on Washington called March for Our Lives.On Tuesday, Hogg called on advocates of gun reform to stop shopping at Publix until the company withdraws its support for gubernatorial candidate Adam Putnam, who has earned a top rating from the powerful gun-rights group and even once described himself on Twitter as a "proud NRA sellout."Publix and its leadership have donated 0,000 over three years to Putnam, according to the Tampa Bay Times. He currently serves as Florida's commissioner of agriculture."Anyone who supports an NRA sellout is an NRA sellout," Hogg tweeted. "That is why I am calling on everyone to stop shopping at Publix until they pull their endorsement of Putnam publicly."The following day, he announced plans to hold a protest at two local stores."In Parkland we will have a die in the Friday (the 25th) before memorial day weekend. Starting at 4pm for 12 min inside our 2 Publix stores. Just go an lie down starting at 4. Feel free to die in with us at as many other @Publix as possible," he tweeted.The protest announcement sparked widespread calls on social media for Publix to maintain or withdraw its support of Putnam."At Publix, we respect the students and members of the community who have chosen to express their voices on these issues," the company said in its statement on Friday, before announcing plans to "reevaluate" its process for giving political contributions.The statement was issued shortly before Hogg led a die-in protest at a store in Coral Springs.Participants drew chalk outlines in the parking lot and laid down for exactly 12 minutes inside the store, CNN affiliate WSVN reported.Hogg lay with the protesters in the store's produce isle. Each carried a sunflower, symbolizing the flower Parkland victim Joaquin Oliver bought for his girlfriend for Valentine's Day at the same store before he was killed, according to WSVN.Based in Florida, Publix is the largest employee-owned grocery chain in the United States, employing more than 190,000 people.In the weeks following the Parkland school shooting, many companies -- including MetLife, Delta Air Lines and Alamo Rent a Car -- distanced themselves from the NRA. 3214
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
President Donald Trump's nominee for an Alabama federal court judgeship is being criticized for not disclosing in his confirmation process his wife's role in the White House.Brett Talley did not disclose his wife's position as chief of staff for White House Counsel Donald McGahn on his Senate questionnaire, according to The New York Times.Sen. Dianne Feinstein, the top Democrat on the Senate judiciary committee, said the full Senate should not consider Talley's nomination until he explains why he failed to disclose the potential conflict of interest."By failing to disclose that his wife is one of President Trump's lawyers," Feinstein said in a statement, "Talley has betrayed his obligation to be open and transparent with the Senate and American people."The Senate judiciary committee advanced Talley's nomination along a party-line vote Thursday and a full Senate vote is expected soon.Question 24 of the disclosure form asks nominees to "identify the family members or other persons ... that are likely to present potential conflicts of interest." Talley did not mention his wife in the answer to this question, only responding: "If confirmed, I will recuse in any litigation where I have ever played a role." Additionally, Talley wrote, "I will evaluate any other real or potential conflict, or relationships that could give rise to appearance of conflict, on a case-by-case basis."A spokesman for the Republican-controlled Senate judiciary committee said Talley was not required to list a spouse' occupation on his questionnaire."It's no secret that that Mr. Talley's wife, Ann Donaldson, is the chief of staff to the White House counsel," judiciary spokesman Taylor Foy said in a statement. "She was sitting behind Mr. Talley at his nominations hearing. Anyone who had any concerns about his wife's occupation could have raised them at the hearing."He added, "Any insinuation that there's any conflict with the special counsel's investigation is absurd, as charges are being filed in the District of Columbia, not the Middle District of Alabama, where Talley is nominated to be a judge.Democrats have already criticized the 36-year-old Talley for his lack of legal experience. While the 2007 Harvard Law School graduate has clerked for federal district and appellate judges, Talley has never tried a case, and he received a rare "not qualified" rating from the American Bar Association.Talley had a prolific online media presence prior to his nomination; Talley referred to Hillary Clinton as "Hillary Rotten Clinton" on his public Twitter account which has since been made private, and pledged his total support for the National Rifle Association one month after the Sandy Hook school shooting where a gunman killed 20 elementary school children in Newtown, Connecticut in 2013.Talley is currently a deputy assistant attorney general in the Office of Legal Policy at the Justice Department. 2918
President George W. Bush gave a tearful eulogy to his father, President George H.W. Bush, Wednesday at a state funeral for the 41st president of the United States.The younger Bush choked up as he quoted his father's inaugural address from 1989."In his inaugural address, the 41st President of the United States said this: 'We cannot hope to only leave our children a bigger car, a bigger bank account,'" Bush said. "'We must hope to give them a sense of what it means to be a loyal friend, a loving parent. A citizen who leaves who home, his neighborhood and his town a better place than when he found it. What do we want the men and women who work with us to say when we are no longer there? That we were more driven to succeed than anyone around us, or that we stopped to ask if a sick child had gotten better and stayed a moment there to trade a moment of friendship.'"Photos: State funeral for George H.W. Bush"Well, Dad, we're going to remember you for exactly that and much more," Bush continued. "And we're going to miss you. Your decency, sincerity and kind soul will stay with us forever. So through the tears, let us know the blessing of knowing and loving you, a great and noble man. The best father a son or daughter could have."At this point, Bush stuttered and took a moment to choke back tears."And in our grief, let us smile knowing that dad is hugging Robin and holding Mom's hand again."Robin was George H.W. Bush's second child and first daughter. She died of cancer in 1953 at the age of 3.Watch Bush's eulogy to his father in the player below.Alex Hider is a writer for the E.W. Scripps National Desk. Follow him on Twitter @alexhider. 1700
Republicans officially nominated President Donald Trump for re-election Monday during an in-person roll call vote at the Republican National Convention in Charlotte.Trump cruised to victory in the GOP primary, as is typical for an incumbent president in a re-election primary. Trump picked up nearly every available delegate in his campaign, losing just a single delegate to former Massachusetts Gov. Bill Weld.The roll call vote was one of the few in-person events scheduled for the four-day RNC. Prior to the pandemic, Charlotte was scheduled to host all events relating to the convention, but Trump later said he would move portions of the convention to Jacksonville, Florida, citing North Carolina Gov. Roy Cooper's hesitancy to lift lockdown restrictions. Trump later canceled the Florida portions of the RNC as cases and deaths in the state spiked.Democrats held a completely virtual convention last week, which included an entirely remote roll-call vote.The nightly programming of the RNC begins on Monday evening at 8:30 p.m, with politicians and other prominent Republicans giving speeches from across the country. Monday's program will be headlined by Donald Trump Jr. and Sen. Tim Scott (R-South Carolina). 1225