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Publix has announced they have purchased then donated more than 5 million pounds of produce and 350,000 gallons of milk to food banks across the southeast.The supermarket chain said in a press release that the initiative, which was launched back in April, was set up to support local farmers and help feed families through the Feeding America member food bank.“During these challenging times, we remain committed to working together to find the solutions that positively impact our communities in need, Publix CEO Todd Jones said in the release. "We are honored to continue our support of Feeding America member food banks and to purchase produce and milk from farmers across the Southeast. As the harvest season moves north, so is our initiative, expanding to support additional farmers and serve as many people as possible.”The company said they have purchased producers from farmers in Florida, Georgia, South Carolina, and North Carolina and will start working with farmers in Tennessee and Virginia in the coming weeks.During the pandemic, the grocery chain said they had donated million to Feeding America and its member food banks. 1149

President Donald Trump announced today he wants a tax bill to pass by Thanksgiving and be signed by Christmas.The President, speaking at the White House today, also said it will be the biggest tax reform event in history and the bill will benefit the middle class and businesses. He says Democrats may support the proposed bill.The not-yet-released bill has already attracted ire from one powerful outside group. And House Ways and Means Chairman Kevin Brady announced Saturday he'd already made one concession to assuage concerns?from northeast Republicans, a sign of the major legislative undertaking Republicans are about to embark on. 661

Professional wrestler Leati Joseph Anoa?i, better known by his stage name Roman Reigns, has announced that he is stepping away from the ring due to an ongoing fight against leukemia.Reigns, a former football player who has since become one of World Wrestling Entertainment's (WWE) most popular personalities, announced Monday that he had been living with cancer for 11 years and that it had returned.He said he would relinquish his claim to the WWE's Universal Championship as he focuses on battling leukemia."When I was 22 years old, I was diagnosed with this. And very quickly I was able to put it in remission. But I'm not going to lie, that was the hardest time in my life. I didn't have a job, I didn't have any money, I didn't have a home and I had a baby on the way," Reigns said in an emotional speech Monday in Rhode Island to kick off WWE's Monday Night Raw program.He thanked the WWE for giving him a chance after his football career had ended."I want to make one thing clear — by no means is this a retirement speech," Reigns said. "I will beat this and I will be back, so you will see me very very soon."The crowd cheered and chanted "Roman, Roman" as he placed his Universal Title belt on the floor and left the ring.Some of the biggest names in wrestling offered their support."You have given us your everything including a courageously vulnerable moment. We, your WWE family, give you all of our love and support," John Cena tweeted."Stunned. I liked and respected him from the moment I met him. Sending my very best wishes and prayers for you, Joe," Mick Foley tweeted.WWE also tweeted video of fellow wrestlers offering hugs and words of encouragement for Reigns after his speech. 1711

Quibi, a streaming service specializing in short-length videos, is reportedly shutting down, according to multiple reports.The Wall Street Journal first reported the news Wednesday morning, citing people familiar with the matter. They explain the service had trouble nearly from the moment it launched in April, facing low viewership and low download numbers during a global pandemic.Quibi was once seen as having a lot of potential, raising .75 billion in capital. It focused on mobile devices and short-length videos.Jeffrey Katzenberg, one of the founders of the company, is a former Disney executive who started DreamWorks, and helped raise that money for Quibi by partnering with most of the major Hollywood studios, Google, Alibab, among others, according to The Information.Meg Whitman was Quibi’s CEO.No word on what will happen to the content reportedly under production for Quibi. 900

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