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The rising cost of a college education — and more importantly, the hefty loans that often follow — was a pre-pandemic problem that's only been exacerbated over the last several months.Roughly 45 million Americans currently hold .6 trillion on student debt — about 95% of it is held by the federal government.It's a major financial burden, especially in a time when unemployment has skyrocketed and the economy suffers through a pandemic-induced recession.Student debt averages to be about ,000 to ,000 per individual, with payments between 0 and 0 a month.Sen. Chuck Schumer is calling for the government to forgive up to ,000 per borrower. The Biden campaign had also suggested student debt forgiveness up to ,000.This story was first reported by Corey Crockett and Craig Treadway at WPIX in New York, New York. 840
The United States is at the beginning of a second wave of significant job loss.“We are seeing a resurgence in layoffs that has been quite clearly indicated in the last couple of weeks,” said Daniel Alpert, an adjunct professor and senior fellow at Cornell University.Cornell University recently published a study showing about a third of the people who went back to work during the pandemic have now been laid off for a second time. Another 26 percent of workers have been warned by their employers that future furloughs and layoffs may soon come.“The problem is that you get an echo,” said Alpert. “So, if you have a resurgence in layoffs, a decrease in spending, that creates more contraction on the part of businesses, which creates more layoffs. The question is, when can you put a floor under this spiraling situation? It is a classic economic spiral.”The cycle--of job loss eventually leading to more job loss--is causing some to fear it could lead to a third wave of unemployment in a few months. Experts, like Alpert, believe the only way to stop the cycle would be a vaccine or for Congress to come together on another stimulus bill that props up households and businesses until a vaccine is released.“We are very concerned about the current rollercoaster effect on resumed layoffs, but longer term, we are really scared about seeing huge numbers, tens of millions of businesses vanish,” said Alpert.The more waves of unemployment we see, the higher likelihood of that. 1486
The US House of Representatives passed a federal "right-to-try" bill Wednesday night, leaving many Americans wondering what the move could mean for their health and that of their loved ones.The bill, backed by President Donald Trump, would give terminally ill patients the right to seek drug treatments that remain in clinical trials and have passed phase one of the Food and Drug Administration's approval process, but they have not been fully approved by the FDA.The bill passed the House 267 to 149, after failing to pass last week. Now the legislation needs approval from the Senate.Right-to-try laws exist in 38 states -- Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana, Nevada, New Hampshire, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, West Virginia, Washington and Wyoming -- but this federal bill would introduce legislation across state lines.The central question, however, remains: Would a federal right-to-try bill help or hurt some of the country's most fragile patients? Here's what you need to know, according to experts on both sides of the legislation. 1320
The topics to be discussed during the first presidential debate next week include “the integrity of the election,” according to the official list released Tuesday by the nonpartisan Commission on Presidential Debates.President Donald Trump and Former Vice President Joe Biden will face-off for the first time on September 29 in Cleveland. Chris Wallace, a host on Fox News, will moderate the debate.The debate will have six, 15-minute segments. Wallace selected the topics, not necessarily to be brought up in this order:The Trump and Biden RecordsThe Supreme CourtCovid-19The EconomyRace and Violence in our CitiesThe Integrity of the ElectionThis list is subject to change before the debate if there are large news developments.The debate on September 29 will be held at Case Western Reserve University in Cleveland, Ohio. This debate was originally scheduled to take place at the University of Notre Dame, however they withdrew citing coronavirus pandemic concerns.Trump and Biden will debate two more times, on October 15 and 22. Vice President Mike Pence and Senator Kamala Harris will have their debate on October 7. 1130
The uncle of a little boy who ran away from Moton Elementary School in Brooksville, Florida on Tuesday morning is furious about how the situation was handled.Nick Schillinger is shocked that his 5-year-old nephew was able to get away from Moton elementary."If it happened at anyone’s house, that parent would be charged with child neglect. If it happened at a daycare, daycare workers would be arrested," he said.Christy Collinsworth and Ally Bedson were driving in separate directions when they saw the little boy running toward a busy Highway 50, nearly a half mile from the school."I feel like God put me in his path because that is not a normal time I come down this road," Collinsworth said.Both Collinworth and Bedson stopped and were able to catch him and call 911."I sat down on the ground with him and he was still very upset and distraught," Collinsworth said.Hernando County School District gave this statement about with happened: 965