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Senate Minority Leader Chuck Schumer is pushing the incoming Biden administration to cancel up to ,000 in federal student loans when the president-elect takes office in January.His announcement comes as the nonpartisan Congressional Budget Office released data indicating that America’s student loan debt had increased by 700% during the period from 1995 through 2017.Schumer said that Biden can forgive the debt by executive action due to the Higher Education Act. The Trump administration previously cited the Higher Education Act in authorizing a freeze in student loan payments, which has been extended through the end of January.If Schumer has his way, the freeze would be made permanent for millions of student loan customers."College should be a ladder up but student debt makes it an anchor down. For far too many students and graduate students, some years out of school, student loans and federal student loans are becoming a forever burden," Schumer said. "They stand in the way of people getting the job they want, they stand in the way of buying a home, of starting a family, of buying a car and they hurt our economy dramatically.”Biden has not indicated support for the plan, and has instead offered a more modest recommendation of canceling up to ,000 in federal student loans.Loan burden increasingData released this week by the Congressional Budget Office shows that America’s collective student loan burden has increased seven times from 1995 through 2017 for a multitude of reasons.The CBO lays out a number of reasons why this has happened. One culprit is that borrowing from private, for-profit colleges has skyrocketed. Adding insult to injury, those who attend for-profit colleges and universities are more likely not to graduate, resulting in fewer job opportunities.The CBO also says that enrollment increased at universities across America through the late 90s and 00s, meaning there were simply more students to go into debt. The number of students taking out new loans did subside some after a 2011 peak, but remained higher in 2017 than they did in the 90s and much of the 00s.There has also been an arms race at universities to increase services to students, which increases costs. This comes while state support for public universities has decreased in recent years.Are student loans themselves responsible for increases to tuition?The CBO says that until recently, there was no evidence that an expansion to the federal student loan program was responsible for tuition increases at universities. But the CBO claimed that more recent data has suggested that federal student loans could result in increased tuition.The CBO cited a study conducted by Dr. Robert Kelchen of Seton Hall called “An Empirical Examination of the Bennett Hypothesis in Law School Price” among other studies.“Using data from 2001 to 2015 across public and private law schools and both interrupted time series and difference-in-differences analytical techniques, I found rather modest relationships across both public and private nonprofit law schools,” Kelchen wrote.College grads still fare better overallDespite all of the debt many college graduates face in the years, and even decades, after attending school, those with bachelor’s degrees or higher fare much better in the job market.According to the US Census’ 2019 data, the median income for a householder with a bachelor’s degree was ,036, with those with advanced degrees making even more. For those with an associate’s degree, a degree generally given to community college graduates, the median income was ,242. Those who attended some college, but did not have a degree, earned ,380 a year, while those who were high school graduates earned ,803.During the height of the pandemic, those with at least a four-year college degree were more likely to hang on to their job. The unemployment rate increased from 2.5% to 8.4% for those with a bachelor’s degree from March to April of 2020. Those with an associate’s degree or some college experience, but not a four-year degree, saw an unemployment rate increase from 3.7% to 15%.For those who graduated high school but did not attend college, the unemployment rate during the same period jumped from 6.8% to 21.2%.The most recent job figures, which were for the month of October, showed an unemployment rate of 4.2% for those with at least a four-year degree, 6.5% for those with an associate’s degree or some college, and 8.1% for those with a high school diploma and no college experience. 4529
SOLANA BEACH, Calif. (KGTV) - Solana Beach is one of San Diego County's most expensive places to live, but it has no affordable housing.Now, the City Council may pursue turning a part of the City Hall parking lot into a 19-unit mixed-use affordable housing complex. The council could vote Wednesday to issue a request for proposals for development of the site, with the hopes of selecting a company to build it by September. City Hall, by the way, is across the street from steps that lead to its famous beaches. "It'd be like winning the lottery," said Christian McDonough, one of the hundreds of people who work in Solana Beach's tourist-facing businesses, but can't afford to live there. "If you're in the service industry, you're most likely not living in Solana Beach."This would be the city's second attempt to add affordable housing. In 2014, the council approved a 10-unit complex called The Pearl, down the block from City Hall. It is still awaiting financing after surviving a legal challenge, developer Ginger Hitzke said.Richard Earle, who rented a blufftop condo for more than a month, said he supports the idea of affordable housing, but said it wouldn't solve the larger problem."It's going to turn into a gong show for 5,000 applicants and we're going to say, here's the lucky 20," Earle said. Zillow reports that the average rent in Solana Beach is ,837 a month, up 4.7 percent from a year ago. 1459
SOLANA BEACH, Calif. (KGTV)- As San Diego county's COVID-19 cases continue to climb, restaurant owners hope outdoor dining isn't banned next. Los Angeles County shut down outdoor dining last Wednesday for a minimum of three weeks due to a surge in infection rates.Piero Tarantino owns Parioli Italian Bistro on Highway 101 in Solana Beach.He's down to just two employees, with the restaurant open only four days a week."We have a problem retaining employees cause we have to cut their hours since we don't have a lot of business, and we have to close a few days cause there are not enough sales to even pay one employee," said Tarantino.He says outdoor dining was going well in the summer, but it's a struggle now that cooler weather is here even when using heaters. "It's not comfortable cause you have heat coming from one side, but then the rest of your body is cold," said Tarantino.Restaurants across the country are trying to continue with outdoor dining even as the weather gets cold. Some owners are getting creative using everything from igloos, to individual pods, to tents and canopies.Dr. Anne Rimoin is an epidemiologist at UCLA. She said eating outside is only safe if you are truly outside."The issue is it needs to be completely open, wide open, ventilation if you have a roof, if you have sides, that's not outdoors, outdoors means in the open air," said Dr. Rimoin. Rimoin said everyone needs to do their part to bring down the infection rates."Right now, we're at the most dangerous point of this pandemic that we've been in, so far," said Dr. Rimoin.San Diego County Supervisor said right now there is no talk of banning outdoor dining locally."I have not seen evidence to suggest there's significant spread, at least from outdoors settings," said Supervisor Fletcher. Tarantino doesn't know how much longer his family owned business can survive."A lot of uncertainty, and you don't know what to do. It's a day by day situation," said Tarantino. 1973
SILVERADO (CNS) - Southern California Edison told California officials this evening that a lashing wire may have contacted its overhead primary conductor and sparked the 7,200-acre Silverado Fire, which critically injured two firefighters.The blaze erupted for unknown reasons at 6:47 a.m. in the area of Santiago Canyon and Silverado Canyon roads, and by late Monday afternoon had blackened 7,200 acres, Orange County Fire Authority Chief Brian Fennessy said.It forced evacuations of 90,800 residents in the Irvine and Lake Forest areas, threatened structures and blocked key roadways. Southern California Edison sent a letter to the California Public Utilities Commission Monday night acknowledging it had overhead electrical facilities in the area that the blaze broke out.``We have no indication of any circuit activity prior to the report time of the fire, nor downed overhead primary conductors in the origin area,'' SCE said in the letter. ``However, it appears that a lashing wire that was attached to an underbuilt telecommunication line may have contact SCE's overhead primary conductor which may have resulted in the ignition of the fire.''Irvine Mayor Christina Shea said the city opened eight facilities to shelter evacuated residents and several quickly filled up. Irvine Police Department Chief Mike Hamel said city officials were working with the American Red Cross to provide overnight shelter for residents with no place to go. The city's animal shelter was open to house pets.``We've been fortunate to not lose any structures yet,'' Fennessy said early this evening. The injured firefighters are 26 and 31 years old. Both sustained second- and third-degree burns about 12:15 p.m., one over 65% of the body and the other over half the body, according to Fennessy said. Both firefighters were intubated at OC Global Medical Center in Santa Ana, he said.``I got an opportunity to talk to members of their families and spend time with both firefighters in the emergency room while they were being treated, but they were not in a position where they could speak with me,'' Fennessy said.``Please keep these firefighters in your thoughts and prayers, and their families. We're going to do the same.'' The two firefighters were ``at the heel of the fire where it started,'' he said.``I know them personally,'' Fennessy said. ``They're gravely injured. Their families are with them. I was with them when their families arrived. Obviously, it's very emotional. We're giving them all the support we can.''High winds compromised the aerial firefighting effort, with all aircraft grounded by mid-morning due to gusts that rendered water dropsineffective, while also making flying treacherous for pilots. Winds of 20 mph-40 mph were reported, with gusts up to 60 mph.``This is a tough fire,'' Fennessy said. ``We're experiencing very high winds, very low humidity... Any time winds are that bad you can't fly, and that certainly has an impact on both hand crews and bulldozers and firefighters at the end of those hose lines.``Air attack is very important, but still it's the firefighters on the ground that put out that fire.'' Fire officials were hopeful they will be able to make air drops tonight when wind velocities are expected to lessen, Fennessy said. Mandatory evacuation orders were issued for the Orchard Hills community north of Irvine Boulevard from Bake Parkway to Jamboree Road this morning.The evacuation order affected roughly 20,000 homes and 60,000 residents, according to Irvine police Sgt. Karie Davies. Schools in the area were also evacuated, Davies said.According to the city of Irvine, evacuation centers were established at:-- University Community Center, 1 Beech Tree Lane;-- Quail Hill Community Center, 39 Shady Canyon Drive;-- Los Olivos Community Center, 101 Alfonso Drive;-- Harvard Community Center, 14701 Harvard;-- Rancho Senior Center, 3 Ethel Coplen Way;-- Las Lomas Community Center, 10 Federation Way; and-- Turtle Rock Community Center, 1 Sunnyhill.FIRE MAPBy late morning, many of the centers were filled, and another shelter was established at Village Church of Irvine, 77 Post.The city and Irvine Unified School District announced mandatory evacuations of Northwood High School and Portola Springs, Eastwood, Stonegate, Loma Ridge, Canyon View and Santiago Hills elementary schools.Voluntary evacuations were issued for Brywood, Northwood, Cadence Park, Beacon Park, Cypress Village and Woodbury elementary schools, according to the IUSD.The Tustin Unified School District evacuated Orchard Hills School and Hicks Canyon and Myford elementary schools. Orchard Hills students were taken to Beckman High School, where they can be picked up by their parents. Hicks Canyon and Myford students were released to parents at the school sites.Classes in Tustin Unified School District were canceled for Tuesday. Hours after state Sen. John Moorlach, R-Costa Mesa, asked Gov. Gavin Newsom to approve disaster funding help Newsom announced a Fire Management Assistance Grant from the Federal Emergency Management Agency to help provide resources and a 75% reimbursement for firefighting costs.Although structures were reported to be threatened and there were some reports of buildings already burned, fire authorities had not confirmed any structural damage as of early tonight. Aerial footage from the scene showed fire crews dousing flames that appeared to have destroyed a commercial structure near the 241 toll road.The southbound Riverside (91) Freeway to the Foothill Transportation Corridor (241) toll road was closed and the northbound 241 was closed at Portola.The Eastern Transportation Corridor (133) northbound was closed at Irvine and eastbound Chapman-Santiago Canyon was closed at Jamboree and Santiago Canyon from Silverado Canyon was closed, according to California Highway Patrol Officer Florentino Olivera.``It's bad,'' Olivera said of the traffic backing up on the Santa Ana (5) and Riverside freeways, as thousands of people tried to flee the area. ``The fire's moving pretty fast so our closures are moving too as it's jumping (roads).''Southbound state Route 91 was also closed in the area north of the 241 Freeway. OCFA officials said the flames jumped the 241 Freeway shortly after 9 a.m. The fire sent a major plume of smoke over the entire region, creating unhealthy air across a wide area.The Orange County Health Care Agency urged residents in affected areas to stay indoors, limit outdoor activity, keep windows and doors closed and run air conditions to filter the air.Southern California Edison had power cut off to 440 customers in Orange County late Monday morning due to the wildfire threat, but another 12,792 customers were under consideration for power shutoffs to prevent fueling the blaze. 6776
Southwest Airlines said Thursday that a fatal accident on one of its planes has scared some people away from booking flights on the airline.It reported seeing a "recent softness in bookings following the Flight 1380 accident." And it said that that weakness in bookings will result in slightly lower fare revenue in the second quarter as it tries to keep its planes full.A passenger died last week when a fan blade broke off the engine of a Boeing 737 and shrapnel shattered a window next to her. It is the first passenger fatality in the history of Southwest -- and the first commercial airline fatality in the United States in more than nine years."It remains a somber time for the Southwest family following the Flight 1380 accident, and our thoughts and prayers continue to be with the Riordan family, and all of our customers on the flight," said CEO Gary Kelly in the company's earnings statement.Related: Window seat or aisle? After Southwest incident, some passengers think twiceAlso on Thursday, American Airlines lowered its profit forecast for the year because of higher fuel costs. The world's largest airline reported that increased fuel prices cost it 2 million during the just-completed quarter.The warnings from American and Southwest sent all the major airline stocks lower in premarket trading Thursday.The-CNN-Wire 1344