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ST. LOUIS -- The U.S. Coast Guard has referred the investigation into last month’s deadly sinking of a Missouri tourist boat to federal prosecutors.The accident occurred July 19 at Table Rock Lake near Branson, Missouri. An amphibious duck boat sank amid strong winds, killing 16 passengers and a crew member. Fourteen people survived.Nine of those victims were from on Indianapolis family. Tia Coleman and her nephew, Donovan were the only two members of their family to survive. The legal team for the Coleman family says it “supports the U.S. Coast Guard Marine Board of Investigation referral to the U.S. Attorney’s Office for Western Missouri for criminal investigation." Adding, "All those who continue to grieve support holding fully accountable those responsible for making the deadly decisions that resulted in the catastrophe.”Several investigations are still underway from the National Transportation Safety Board, the Coast Guard and the Missouri Attorney General’s Office.The duck boat attraction owner, Ripley Entertainment, says it is cooperating with the investigations. 1115
SEOUL, South Korea (AP) — Police say the body of the missing mayor of South Korea's capital, Seoul, has been found. They say Park Won-soon’s body was located in hills in northern Seoul early Friday, more than seven hours after they launched a massive search for him. Park’s daughter had called police on Thursday afternoon to report him missing, saying he had given her a “will-like” message before leaving home. Police say the daughter didn’t explain the contents of the message.News reports say one of Park’s secretaries had lodged a complaint with police on Wednesday night over alleged sexual harassment.An activist and human rights lawyer, Park became the city’s first mayor to be voted into a third term last June. He was also a potential presidential candidate in 2022 polls. 790
Starbucks announced Friday that it would be providing its baristas with Black Lives Matter T-shirts."Black Lives Matter. We continue to listen to our partners and communities and their desire to stand for justice together," the coffee chain tweeted Friday. "The Starbucks Black Partner Network co-designed t-shirts with this graphic that will soon be sent to 250,000+ store partners."Starbucks' decision to provide employees with Black Lives Matter shirts comes days after BuzzFeed reported that employees were told they were prohibited from wearing apparel with the slogan at work.According to BuzzFeed, a corporate memo was sent out in response to some managers' inquiries about allowing employees to wear BLM apparel that stated that the movement "could be misunderstood and potentially incite violence."Starbucks reportedly classified Black Lives Matter apparel in the same category as "religious or political personal accessories." However, Starbucks has provided employees with branded LGBTQ-themed shirts for Pride month in the past and encouraged employees to wear them at work.The ban on Black Lives Matter apparel came as Starbucks pushed messages supportive of the movement on social media. 1209
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
SILVER SPRING, Md. (AP) — Uber finally got its food delivery company, acquiring Postmates in a .65 billion all-stock deal, the ride-hailing giant has confirmed.The deal helps Uber and its Ubereats food-delivery division pick up some ground against industry leader DoorDash, which controls about 37% of the U.S. food delivery market. That’s compared with Uber Eats’ 20% share before the Postmates deal. Grubhub holds around 30%.Last month, Uber lost out in a bid for Grubhub, which would have made it the dominant U.S. food-delivery service. But Amsterdam-based Just Eat Takeaway.com ended up nabbing Chicago-based Grubhub in a .3 billion deal.Uber writes in a press release that Postmates is highly complementary to Uber Eats, with differentiated geographic focus areas and customer demographics.Uber says consumers will benefit from expanded choice across a wider range of restaurants and other merchants, and delivery people will enjoy more opportunities to earn income, with increased batching of orders to make better use of their time.“Uber and Postmates have long shared a belief that platforms like ours can power much more than just food delivery—they can be a hugely important part of local commerce and communities, all the more important during crises like COVID-19. As more people and more restaurants have come to use our services, Q2 bookings on Uber Eats are up more than 100 percent year on year. We’re thrilled to welcome Postmates to the Uber family as we innovate together to deliver better experiences for consumers, delivery people, and merchants across the country,” said Uber CEO Dara Khosrowshahi.“Over the past eight years we have been focused on a single mission: enable anyone to have anything delivered to them on-demand. Joining forces with Uber will continue that mission as we continue to build Postmates while creating an even stronger platform that brings this mission to life for our customers. Uber and Postmates have been strong allies working together to advocate and create the best practices across our industry, especially for our couriers. Together we can ensure that as our industry continues to grow, it will do so for the benefit of everyone in the communities we serve,” said Postmates Co-Founder and CEO Bastian Lehmann. 2278