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Student loan debt has surpassed trillion. It's expensive to go to school, and loans help many afford higher-education but not all that money may be going toward tuition and books.A survey found that one in five college students are using some of their leftover loan money to dip their toes into virtual currencies like Bitcoin.The mere mention of cryptocurrency is enough to make Loyola University Maryland Assistant Accounting Professor JP Krahel cringe.“Oh, oh boy,” said Krahel with the Sellinger School of Business.Even worse, students are buying into it and they're using student loan money to do so.The allowance meant for living expenses is instead being invested into Bitcoin and Ethereum. The Student Loan Report found that's how 21 percent of current college students are using their excess financial aid money.“Given the unregulated market of cryptocurrency, given what we've already seen, proven volatility, and given the fact that student loan debt is something you can't get rid of in bankruptcy, I personally, without getting too hyperbolic here, I would not do that,” Krahel said.A warning from someone who knows money, but even his wisdom is not enough to convince some of his own students.“They'll say, ‘Oh, did you see what bitcoin did yesterday, I made x dollars,’ I'm like, children, come on. Your interest rates and student loans that's what you should be worried about. If you have free money, send it back to Sallie Mae, you know, pay that debt off early because that stuff starts snowballing and paying off debt is a guaranteed return on investment,” said Krahel.And yet it's hard to shake the promise of investing in a market that's produced millionaires from relatively low investments just several years ago.“I don't want to knock cryptocurrencies, they do have a value, but people are getting into it because of that volatility, because you could have a thousand today and ,000 tomorrow,” said Krahel. “So, if you're willing to only see the upside, cryptocurrencies are great but that's not the way life works.”Bitcoin's value has sunk ,000 in the last month and plummeted from its peak in December at nearly ,000.However, with every slump there's also the possibility of a rally. These students could prove their professor wrong or learn a real-life lesson about loss and spending wisely.Krahel said you should be borrowing the least amount of money possible so you have less to pay off in the future.Students are graduating with an average of ,000 in student loan debt. 2541

TAMPA, Fla. -- As parents across the country grow more concerned every morning when they send their kids to school, more and more are turning to bulletproof backpacks.“After Sandy Hook, people couldn’t wrap their minds around a bulletproof backpack but now they think it’s something that they need," said Yasir Sheikh, the president of Guard Dog Security.The Sandy Hook shooting inspired Sheikh to create a backpack out of bulletproof materials. It doesn’t seem like much. The backpack has just a thin layer of kevlar, but it is certified to withstand handgun rounds.“Ideally, we think with the way things are going this should become mandatory, common for all students," said Skeikh. "It’s a sad reality, it’s become a new normal."Others feel the same. Just three days after the deadly school shooting in South Florida his company saw a 150 percent increase in the number of bags they shipped.But do they actually work?Ryan Hart is a certified firearm instructor for defense training company Ground Ready International Training, or G.R.I.T Ready. He also teaches active shooter survival courses.Hart put a barrel with sand behind the backpack to simulate a body and took aim with his Glock 19.“The rounds definitely penetrated the front of the bag here," said Hart inspecting the shot-up bag, "But if we flip it over there’s no penetration past the armor itself."Next up: the AR-15.In the last decade, this style of gun has been used in six of the 10 deadliest mass shootings throughout the country, including the Parkland school shooting.“It went right through the soft armor," Hart said after spraying the backpack with bullets from the AR-15.It's what Hart expected, as the Guard Dog Security backpack is not certified to withstand assault-style weapons. To stop bullets from a similar weapon, the backpack would need to be equipped with steel plates like those installed in military vests. However, that would make the backpack fairly heavy to carry.“I would recommend (the backpack), yes," Hart said. "While it did not stop a direct shot from an assault rifle it can still stop bullet fragments, ricochets, glass flying through the air.”Then we posed this question to Skeikh: "What do you think it says about our society that we are resorting to items like this?"The backpacks cost between 0-200. Fifty percent of the proceeds from sales of the backpacks right now will go to the victim's families of the Parkland shooting.Guard Dog Security is also looking into possibly making backpack, that would have the ability to stop assault-style weapons. 2664

Steve Wynn is now free to sell his stake in the massive casino business he founded.Wynn Resorts said in a filing on Thursday that Wynn, its former chief executive, and his ex-wife Elaine Wynn, have dissolved an agreement that prevented them from selling their shares.Wynn stepped down as CEO last month after allegations of sexual misconduct piled pressure on the billionaire casino mogul and sent the company's stock tumbling.The company, which operates casinos in Las Vegas and Macau, said in its filing that Steve Wynn may now "seek to sell all or a portion" of the roughly 12 million shares that he owns. Elaine Wynn owns another 10 million shares, giving them a combined 21% stake.Wynn, 76, has denied the accusations of misconduct, which gained widespread attention in late January after an investigative report by The Wall Street Journal detailed numerous allegations against him, citing dozens of sources.Shares in the company were trading above 0 in January, but dropped sharply after the allegations were made public. They have since recovered some lost ground to trade at 6.Wynn Resorts said in a separate filing in February that Wynn would not be allowed to sell more than a third of his stake in any one quarter. That restriction was not mentioned in the documents filed Thursday.Wynn is credited with transforming Las Vegas casinos from gambling dens into entertainment hubs where guests could also watch spectacular shows and eat in high-end restaurants.The Mirage, Wynn's first major casino on the Vegas Strip, opened in 1989. He then opened Treasure Island in 1993, and the Bellagio in 1998.In 2006, he opened his first casino in Macau, where gambling revenues now dwarf those of Las Vegas. An even bigger one, Wynn Palace, followed 10 years later.The-CNN-Wire 1791

Stars and Stripes is essential to the military community. Its .5 million budget is only a tiny fraction of the entire DOD budget, so there’s no reason to discontinue its funding. Read our bipartisan letter calling on @EsperDoD to continue funding this military news service. pic.twitter.com/L7FqeT2CGP— Senator Dianne Feinstein (@SenFeinstein) September 4, 2020 372

The auction house says it didn't know anything about it. The artist famously doesn't like to show his face. The buyer is a mystery. So, for that matter, is the seller.In the case of the "self-destructing Banksy", nothing adds up.The startling stunt at Sotheby's in London has set the art world aflame. The image of a girl reaching out for a red, heart-shaped balloon had just sold, for .4 million.Moments later, a shredder hidden inside the picture frame began to whirr, the canvas slid down, and at least part of it ended up in strips.Sotheby's claimed it had been "Banksy'd."The British street artist, famous for being faceless, is certainly well known for his stunts. In 2006 he secretly erected a life-size replica of a hooded Guantanamo Bay detainee inside a ride in the California Disneyland theme park. In 2013 he set up a stall selling his original artwork for in a New York market and filmed people passing by, convinced that because of the price, the works were fake.On Saturday, Banksy published a video on Instagram that purported to show how he built a paper shredder into the frame of the 2006 painting "Girl with a Balloon.""The urge to destroy is also a creative urge," Banksy wrote, citing Picasso.But the video didn't answer everyone's questions -- not least about the involvement of the auction house. 1334

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