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New plans for student loan debt forgiveness are being proposed as President-elect Joe Biden prepares to take office in just a few weeks. Many of those with student loans, as well as many economists, are hopeful some form of student loan debt forgiveness will pass.“I think it is one of the most accessible ways President-elect Joe Biden has to stimulate the economy,” said Suzanne Kahn, director of education, jobs, and worker power at the Roosevelt Institute in New York.In an interview covering the possible benefits of student loan debt forgiveness, Kahn explained the two ways in which the Biden can get the debt forgiven. One, he can push for Congress to include this debt relief in the next stimulus package, or two, he can take executive action. Either option could eliminate student loan debt for roughly 15 million borrowers and reduce the debt of another 30 million Americans.The president-elect is currently focused on pushing for ,000 to be forgiven in the next stimulus bill and has not said if he would actually consider executive action. However, he has also not refuted that option either.The latter option is certainly the more controversial way to get this debt forgiven, although many Democrats argue it is still legal and fully within a president’s power to do so. Many high-ranking Democrats in Congress explain Biden would have the authority to do this through the Higher Education Act.Experts like Kahn believe it is more likely that Congress will not agree on any amount of student loan debt forgiveness and Biden will take executive action.“I think that it is through executive action, or at least the first movement we see around it will be executive action,” said Kahn. “That really is because the federal government owes 95 percent of student debt, and the Secretary of Education has the ability to cancel it.”“My stance is that it is not inevitable,” said Neal McClusky, director of the Center for Educational Freedom at the Cato Institute.McClusky believes a third option is that no form of student loan debt forgiveness is passed, while he concedes there is a chance that Biden could issue an executive order forgiving student loan forgiveness. However, he also points out that option could be challenged in the courts with some questioning his authority through the Higher Education Act.“There seems to be straws that he can grab and say, ‘Look, this gives me the authority to just write off this debt.’ Other people say it is not clear in the law that he can do that,” said McClusky. “So, what would be the most likely outcome is that he would try. If he were to try and cancel student loan debt through executive action, it would end up in court and would be a pretty long court battle.”So, at the end of the day, where do we really stand with student loan debt forgiveness? The consensus is that it is more likely than ever before that some form of student loan debt will be forgiven, but we’re still nowhere close to a guarantee that will actually happen anytime soon.“I don’t think it is inevitable, but I do think it is important that it is on the table,” said Kahn. 3115

Netflix CEO Reed Hastings and his wife, Patty Quillin, are donating 0 million toward student scholarships at historically black colleges and universities. The couple is giving million to each of three institutions: the United Negro College Fund, Spelman College and Morehouse College. The organizations said it is the largest individual gift in support of student scholarships at HBCUs. Hastings has a history of supporting educational causes, including charter schools. He launched a 0 million education fund in 2016, beginning with money toward college scholarships for black and Latino students.Business leaders have pledged solidarity with the black community amid ongoing protests over police brutality. 726

New documents obtained by CNN's "Anderson Cooper 360" on Wednesday suggest a deeper link than previously known between the Trump Organization and the company that Donald Trump's personal lawyer, Michael Cohen, established in 2016 to pay off porn star Stormy Daniels in exchange for silence about her alleged affair with Trump.The documents also offer the first evidence of an individual employed by the Trump Organization -- other than Cohen -- being involved in an ongoing legal battle regarding Daniels' alleged affair with Trump.A "demand for arbitration" document dated February 22, 2018, names Jill Martin, a top lawyer at the Trump Organization based in California, as the attorney representing "EC, LLC." "EC, LLC" is Essential Consultants, according to Daniels' lawsuit, a company that Cohen established in the weeks leading up to the 2016 presidential election to facilitate a payment of 0,000 to Daniels.Martin's title at the Trump Organization is vice president and assistant general counsel, according to her LinkedIn page. The address listed for Martin on both documents is One Trump National Drive in Rancho Palos Verdes, California, which is the location of Trump National Golf Club, Los Angeles.In addition to showing a second attorney connected with the Trump Organization having direct involvement in legal matters related to Daniels, the new documents raise questions about Cohen's previous insistence that "neither the Trump Organization nor the Trump campaign was a party to the transaction with Ms. Clifford," though it is not known whether Martin had any involvement in the case prior to the arbitration filing.When asked by CNN about the documents, Martin replied with a statement from the Trump Organization that said she was working in a private capacity, on behalf of Cohen's attorney Lawrence Rosen. "The Trump Organization is not representing anyone and, with the exception of one of its California based attorneys in her individual capacity facilitating the initial filing... the company has had no involvement in the matter."The documents were part of Cohen's request for a restraining order against Daniels, to keep her from speaking about her alleged affair with Trump. A private arbitration judge approved the request for an "ex-parte application for emergency relief," which meant that neither Daniels nor her attorney had to be notified about the proceedings. Last week, White House press secretary Sarah Sanders told reporters that the arbitration was won "in the President's favor," an admission that the nondisclosure agreement exists, and that it directly involves the President. However, the President did not "win" arbitration, because the restraining order is an interim order.While Martin has specifically denied working for the Trump campaign, she has nevertheless spoken on Trump's behalf on numerous occasions, throughout the 2016 campaign.She spoke with CNN's Erin Burnett in October 2016 just two weeks before Election Day, for example, defending then-candidate Trump against accusations of sexual assault from multiple women."I've seen him around women. Thousands of women that have worked for him including myself and he's treated us with nothing but respect and appropriately," Martin said.Martin spoke with multiple media outlets about Trump and publicly praised and defended him throughout the campaign season.In a September 2016 Los Angeles Times story about court documents that argued Trump wanted to fire women at his California golf course who weren't pretty, Martin told the paper: "We do not engage in discrimination of any kind."She also appeared on CNN in June 2016 to talk discuss Trump University litigation, in which she also served as an attorney for Trump.Daniels, whose legal name is Stephanie Clifford, maintains that she was paid 0,000 to keep silent about her alleged affair with Trump, which began in 2006. Daniels filed a lawsuit against Trump last week, claiming that he never signed a hush agreement regarding her alleged sexual encounter with him and therefore arguing that the agreement is void.According to the legal complaint filed in California state court, Cohen signed the document, but there is no signature from Trump himself."Despite Mr. Trump's failure to sign the Hush Agreement, Mr. Cohen proceeded to cause 0,000.00 to be wired to the trust account of Ms. Clifford's attorney," the lawsuit states. "He did so even though there was no legal agreement and thus no written nondisclosure agreement whereby Ms. Clifford was restricted from disclosing the truth about Mr. Trump."Larry Noble, general counsel of the nonpartisan Campaign Legal Center and a CNN contributor, said the arbitration document offers evidence of a possible connection between the Trump Organization and the payment to Daniels, which could violate campaign finance law."This is further evidence that the Trump Organization is involved. If they are going to argue that this payment was separate and apart from the Trump Organization, then why is the organization representing this company now?" 5093

NEW YORK (AP) — Netflix added a flood of new subscribers amid the coronavirus pandemic and also offered clues to a possible successor for founding CEO Reed Hastings, who on Thursday named the company’s chief content officer, Ted Sarandos, as co-CEO. The company picked up 10.1 million worldwide subscribers during the April-June period, more than triple what it usually adds in that period. The increase announced Thursday with Netflix’s second-quarter earnings eclipsed the gain of 8.3 million subscribers projected among analysts polled by FactSet. Netflix ended June with 193 million worldwide subscribers, including 70 million in the U.S. and Canada, its largest geographic market.Nearly 26 million of those subscribers have joined Netflix during the first six months of this year — more than double the number compared with last year — as the pandemic curtailed travel and even nights out on the town. The restrictions have turned out to be a boon for Netflix, which also faces a slew of new streaming competitors such as Disney Plus and HBO Max.Netflix Inc., however, said its subscriber growth has begun to slow following the “initial shock of Covid and social restrictions” after it added just 2 million fewer customers in the past six months as it did for all of 2019. It forecasts just 2.5 million new additions for the current quarter.The pandemic has shut down Hollywood, limiting the ability of TV and movie studios to produce more entertainment to feed Netflix and other video streaming services. That could limit their appeal if viewers run out of new things to watch. Netflix said Thursday that it is slowly resuming production, mostly in Asia and Europe, and its 2020 lineup remains intact. Shooting delays mean big shows and movies slated for next year will come out more in the second half of 2021. 1825

NORTH PARK, Calif. (KGTV) - Peking Restaurant, a staple of the North Park food scene for 88 years, will close in March of 2019.The owners made the announcement on their Facebook page earlier this month, saying it was time to retire."I'm going on 75 years old," co-owner Ken Fong told 10News. "It's time to enjoy my last few years."The Facebook post says "This decision did not come lightly to us as Pekin is such a special place in our hearts and we love what we do and all of you. A majority of our incredible staff here have been with us 25-40 years... and are ready for the next chapter of retirement and new endeavors."Fong says it's not just the owners who want to retire, but cooks and servers as well.Since word got out about the closure, the restaurant has been flooded with people who want one more meal at a place that became the go-to spot for Chinese food in the area."It's overwhelming," says Fong. "It's driving us nuts. Everyone is overworked."Fond adds that he doesn't mind the extra work, but he didn't expect this kind of reaction.In the wake of the extra crowds, the restaurant put up a sign warning customers that wait times may take longer than usual. They say they don't want to add capacity, so they can give customers the same level of service they've always had.People in the area say it's sad to see such a great place go away."This is something I've known my whole life. I'm going to miss it," says Barbara Sims. She used to come with her parents as a child. Now she brings her grandkids to the restaurant when they visit.Fong says he appreciates all the well wishes he's received in the past few weeks."They all want to come back and have one last memory," he says. "So, thank you."The restaurant will stay open through the Chinese New Year in February and then close in March.Fong says several people and real estate groups have looked into buying it, but he doesn't know if the new owners will keep the location as a Chinese food restaurant or open something new. 2001

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