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FRANKLINVILLE, N.J. — A prison officer has been suspended and a FedEx worker is out of a job after participating in a counter-protest to a Black Lives Matter demonstration, during which people reenacted the death of George Floyd.In videos shot Monday and widely shared on social media, protesters march along a street in Franklin Township chanting “George Floyd!” and “Black Lives Matter!”As they march past a private property, a man can be seen kneeling on the neck of another man, shouting unintelligibly back at protesters.Warning: The video below contains language some readers might find offensive. 611
Federal student loan borrowers haven’t had to make payments since March. But without continued government intervention, those unable to pay can expect long waits for help come October when bills are scheduled to restart.Automatic, interest-free forbearance provided by the first coronavirus relief package was not extended by the Health, Economic Assistance, Liability Protection and Schools Act proposed by Senate Republicans. There’s no additional relief for student loan borrowers in the proposal.While that legislation could still change, your best safeguard if your job or finances are shaky is to act now.“It’s a disaster waiting to happen,” says Seth Frotman, executive director of the Student Borrower Protection Center, a Washington, D.C.-based nonprofit.Restarting payments for tens of millions of student loan borrowers will likely lead to delinquencies and defaults, says Frotman. And there’s precedent for his assertion: Data from the Education Department in 2019 shows defaults increased when forbearances expired after natural disasters.On top of that, the number of borrowers affected by the pandemic dwarfs any previous challenge for student loan servicers.The servicing system was “never meant to handle high volatility moments; it was built to handle servicing on a normal cycle,” says Scott Buchanan, executive director of Student Loan Servicer Alliance, a nonprofit trade association representing student loan servicers. Buchanan urges borrowers to contact their servicers today for guidance.You don’t have to wait for congressional approval to take control. If you don’t think you can handle your monthly payments, an income-driven repayment plan is your best option to avoid default. Here’s why you should enroll now and what your other choices are.Opt for income-driven repaymentFederal loan borrowers can — and should — apply now for income-driven repayment. Each of the four plans available will cap payments at a percentage of your income and extend repayment to 20 or 25 years, with any remaining balance forgiven at the end.The most broadly available plan, Revised Pay As You Earn, or REPAYE, caps payments at 10% of discretionary income. If you have no income, or your income is at or below the poverty line, your payments would be zero.It’s vital to enroll as soon as possible. Many student loan borrowers who are out of work may apply for income-driven repayment all at once, which is likely to overwhelm the servicers. You’re more likely to get your application approved sooner if you apply now.“This is the moment for you to reach out and call us so we can talk specifically about your situation,” says Buchanan.He adds that servicers are planning outreach to borrowers in the coming weeks. In the meantime, they’re internally discussing increased staffing to meet an influx of demand from student loan borrowers.Recertify your existing income-driven repayment planFederal loan borrowers already enrolled in income-driven repayment must recertify their income each year or revert to a standard repayment plan.If you’ve had a change in income, now is a good time to update the amount with your servicer. Recertification will make sure your payments are updated and affordable.The fastest way to recertify your plan is at studentaid.gov, but a paper form is also available.Request another payment pause — this time with interestYour alternate option is to pause payments through forbearance or an unemployment deferment. Neither is quite like the payment pause you currently have — you have to request it, and interest will likely accrue during the entire pause and increase the total you owe. To prevent this, you can ask to make interest-only payments during these periods.An unemployment deferment allows you to postpone repayment for up to 36 months. You must be receiving unemployment benefits or working part time while seeking full-time work. Only apply for an unemployment deferment if you know you’ll be out of work for a short period of time and if you can prove you have looked for a job at least six times within the last six months. Otherwise, an income-driven repayment plan is the way to go. Interest won’t accrue on subsidized loans during an unemployment deferment.A forbearance is a last-ditch effort to avoid student loan default, which could lead to your wages being garnished or your tax refund being seized. Interest will accrue on all your loans and be added to your balance at the end. Only use forbearance if you can’t pay your loans, you plan to restart repayment soon and you won’t qualify for an unemployment deferment. You can request a forbearance with your servicer.Ask your private lender about hardship optionsPrivate student loan borrowers were left out of the original Coronavirus Aid, Relief, and Economic Security Act as well as the HEALS Act.But private lenders usually offer student loan forbearance or can temporarily lower your payments, though these options are far less generous than federal ones. Private lenders are also making relief options available temporarily to borrowers facing financial challenges. Options like additional temporary forbearance periods won’t count against existing limits.More From NerdWalletHow to Get Student Loan Relief During the Coronavirus and BeyondEmergency Financial Aid for College Students: What Are Your Options?Don’t Fall for COVID-19 Student Loan Relief ScamsAnna Helhoski is a writer at NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski. 5475

For the fifth straight year, Jamal Hinton and Wanda Dench celebrated Thanksgiving together — though the yearly tradition this year was marked by grief.Hinton, 21, and Dench, 63, first met in 2016, when Dench mistakenly texted Hinton while trying to reach her grandson about plans for Thanksgiving. Despite the mistake, Hinton jokingly invited himself over."Of course you can," Dench replied. "That's what grandmas do ... feed everyone!"Hinton stayed true to his promised and actually showed up with his girlfriend, and Dench welcomed the two with open arms. Screenshots of their text interactions and photos from the meal were shared thousands of times on social media, making Hinton and Dench social media icons.Hinton and Dench have stayed in touch over the years. The New York Times reports that Dench and her husband, Lonnie, would often double date with Hinton and his girlfriend. Throughout the years, Dench has saved two seats open for him at her Thanksgiving table, and Hinton always showed up.But this year's Thanksgiving will mark the first without Lonnie. He died of COVID-19 complications in April.At the time, Hinton broke the sad news on his Twitter account."As some of you may have already found out tonight Lonnie did not make it," he tweeted. "Wanda told me all the love and support he was receiving put a huge smile on his face, so I thank every single one of you guys for that!" 1405
Fresh off his victory in the Florida Republican gubernatorial primary, Rep. Ron DeSantis said Wednesday that voters would "monkey this up" if they elected his African-American opponent, Andrew Gillum, to be governor, immediately drawing accusations of racism.The remark provides a controversial beginning to what will be a closely watched general election for the Florida governorship, which pits DeSantis, who has closely aligned himself with President Donald Trump, against Gillum, a progressive backed by Sen. Bernie Sanders.Calling him "an articulate spokesman" for the far left, DeSantis said during an interview on Fox News when asked about his opponent Gillum, "The last thing we need to do is to monkey this up by trying to embrace a socialist agenda with huge tax increases and bankrupting the state."Gillum would become the state's first black governor if he were to win in November. Democrats quickly accused DeSantis of using racist dog whistles, which DeSantis' campaign denied."It's disgusting that Ron DeSantis is launching his general election campaign with racist dog whistles," Florida Democratic Party Chairwoman Terrie Rizzo said in a statement, which was cited by the Gillum campaign when asked for a response."On the first day of the general election, Ron DeSantis showed Floridians who he really is," Democratic Governors Association Deputy Communications Director David Turner said. "Resorting to dog whistle politics within hours of winning the GOP nomination shows a desperate candidate who will stoop to new lows in order to court and give voice to fringe elements of society. Floridians want a leader who will bring them together; Ron DeSantis has shown that he would only divide Florida."A spokeswoman for Fox News reached out to CNN early Wednesday afternoon to distance the network from DeSantis' remark, saying, "We do not condone this language and wanted to make our viewers aware that he has since clarified his statement."Stephen Lawson, the communications director for the DeSantis campaign, said he was referring to Gillum's policies in making the remark."Ron DeSantis was obviously talking about Florida not making the wrong decision to embrace the socialist policies that Andrew Gillum espouses. To characterize it as anything else is absurd," Lawson said. "Florida's economy has been on the move for the last eight years and the last thing we need is a far-left democrat trying to stop our success."The-CNN-Wire 2459
Forget about drones and armies of people driving Amazon trucks. One big Wall Street firm thinks Amazon's plan to build up its air freight delivery service may be what really winds up hurting UPS and FedEx.Morgan Stanley analyst Ravi Shanker said in a report Tuesday that both delivery giants could lose 10% of their revenue to Amazon Air by 2025. Shanker cut his price targets on UPS (UPS) and FedEx (FDX) and both stocks plunged more than 6% as a result.It was a particularly gruesome day for transportation stocks due to worries about the broader economy and confusion about the status of US-China trade talks.The Dow Jones Transportation Average, which includes FedEx and UPS as well as leading airlines, truckers and railroads, fell 4.4% -- its worst drop since June 2016.But Shanker paints a picture that should be extremely worrisome to UPS and FedEx.He notes that Amazon (AMZN), which currently is leasing 40 cargo jets, could eventually have 100 planes running and estimates that the planned Amazon Air routes could overlap with more than two-thirds of the volume flown by UPS and FedEx.That's bad news for both companies since Shanker said that UPS and FedEx each generate nearly 20% of their overall revenue from US air deliveries.Amazon has made big investments to bulk up Amazon Air. In the past few years, it has bought stakes in two freight delivery airlines -- Air Transport Services Group (ATSG) and Atlas Air Worldwide Holdings (AAWW).It also announced plans to invest .5 billion in order to build an Amazon Air hub on more than 900 acres of land that it is leasing near the Cincinnati/Northern Kentucky International Airport. Amazon bought an additional 210 acres earlier this year.There's a simple reason why Amazon will want to handle more of its own air deliveries. According to Shanker, Amazon could save between billion and billion next year. That works out to about 3% to 6% of its global shipping costs.But on a day when the broader market was tanking, investors didn't seem too enthusiastic about Shanker's thoughts on Amazon either. Shares of Amazon fell nearly 6%. 2113
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