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College students and loans seem to go hand in hand, and student loan debt is an ever increasing problem in the U.S.But it might surprise you what some college students are doing with any excess loan money they may have after paying for things like tuition, books, and housing.A study by the Student Loan Report found that approximately one out of every five students with loans have used loan money in some form to invest in cryptocurrencies—in other words, things like Bitcoin.But financial advisers caution that may not be the best decision.“My gut reaction,” said financial advisor Martin Walsh with Brown and Tedstrom, “is that it’s probably a bad idea.”Walsh said using borrowed dollars to invest in speculative assets, such as Bitcoin, would make him “very nervous.”Cryptocurrency is the formal word for a type of digital money that uses encryption to transfer funds, independently of a central bank.Walsh cautions: “buyer beware.”“There’s been a ton of talk about cryptocurrency over the last year,” Walsh said, “mostly because of the massive run up in price.”Bitcoin — the biggest player in the Crypto game—saw prices for their “coins” at around ,000 in December. But fast forward two months to February and the price plummeted to ,000.Walsh has had clients ask about it mostly because “their friends have invested in them and have made money.” But he says that as a general rule the firm he works for, Brown and Tedstrom, won’t advise clients to invest in cryptocurrency.“It seems fun and easy, and things have doubled, tripled, even quadrupled. But there’s incredible volatility in investing in bitcoin and other cryptocurrencies,” said Walsh.Paul Foley, a big supporter of the technology behind cryptocurrency, says he has invested “quite a bit” in Ethereum, another player in the cryptocurrency realm. He says anyone investing now should see this as a “10 to 15 year plan”—not a short term way to make money.“I plan on holding for a very long time,” said Foley.But even he says that the notion of using borrowed funds, i.e. student loans, to invest in speculative assets like Ethereum is “a terrible idea.”Both Foley and Walsh say anyone looking to invest in this emerging field needs to do their homework. They both believe that the more uneducated people there are who decide to jump in the market on a whim, the greater the chances of a “bubble” bursting, similar to the housing market crash of 2008. 2440
COVINGTON, Ky. -- Every sister who takes her vows at St. Walburg Monastery of Covington, Kentucky, receives a gold ring symbolizing her commitment to the Order of Saint Benedict and its principles: Humility, reverence to God and generosity toward the sick, old and poor. When she dies, her ring is placed in a velvet-lined memorial box alongside dozens of others to commemorate her dedication to the church.During the monastery's entire 159 years of existence, Sister Aileen Bankemper said, no one has ever dared to steal one. On Monday, someone stole more than 100. "There was a sense of just emptiness," Bankemper, the prioress, said of discovering the burglary. "There was just like, 'Why would somebody do that?' We're a generous community. It somebody had a need for money, they could have come to us, and we certainly would have listened to what their need was."The rings disappeared while the sisters were attending a memorial service for 88-year-old Sister Cecilia Dagle, who was known during her time at the monastery for her kind spirit and habit of writing birthday cards for each of her fellow sisters. When they returned, someone had stolen "a significant amount of money" and more than a century of history.Sister Nancy Kordenbrock said police believe the person who stole the rings, which were 14 karat gold, would have done so intending to pawn them for cash. The collection could represent a tidy sum, but she and the rest of the order don't care about the financial loss.They just want the mementos of their friends and predecessors back where they belong."Even if they just put it by the back door or by the porch, give it to someone and say, 'Put this here' or something, we would be so glad," she said. "It would just mean a lot to us to have them back." 1799
CORONADO, Calif. (KGTV) -- Navy officials say a helicopter crewman was killed last week in a fuel tank accident at Naval Air Station North Island.Officials say Aircrewman 1st Class Jonathan Clement was taken to the hospital after a fuel tank detached from an HH-60H Seahawk helicopter, striking him and a fellow officer on July 30.The 31-year-old later died at the hospital the following day, according to the Navy Times. The other sailor was treated and released from the hospital after suffering minor injuries, officials say.Both sailors were assigned to the “Firehawks” of North Island-based Helicopter Sea Combat Squadron 85, the Times reported.The Navy Safety Center reported the incident on August 6, but only indicated that the helicopter crew was conducting ‘hot seat” training when the accident happened.Hot seat training is conducted so crews can practice switching out from an aircraft without turning off the engines.Clement was an 11-year Navy veteran originally from Florida. 1003
CINCINNATI, Ohio — While the United States and allies began military operations intended to cripple Syria's ability to use chemical weapons, a local doctor was waiting nervously to hear if his family was OK. Dr. Humam Akbik was born in Syria. He now lives in the Tri-State, but his mom, sister and brother still live in Damascus. As the military operation got underway Friday night (Saturday morning in Syria), Akbik said he received a text from his wife's family that the city was shaking and there was smoke everywhere."We couldn't get in touch with them for a few hours," he said. "That was pretty unnerving."Thankfully, Akbik's family members were all OK.Akbik said he hopes the airstrikes were effective in sending a message to the Syrian government that the use of chemical weapons isn't acceptable."It looks like there's a new norm of using chemical weapons ... I think it's time for the international community in such a civilized world to step in and say, 'No. The use of a chemical weapon, it's never going to be the norm,'" Akbik said. "There will be a line drawn in the sand and it's going to be a hard line this time. We'll stop it no matter what."Helping refugeesAkbik is part of a nonprofit organization called Atlantic Humanitarian Relief. Within a week, he'll be on his way to Jordan to help refugees."It's fascinating and amazing when you see how the good in humanity is still there," he said. The organization delivers medical and dental help, including providing medications for refugees. They even teach English, math and physics. Akbik said there's power in knowledge."Each person will be able to fight back against terrorism," he said. "To extend, and be a part of the solution, rather than being a part of the problem."Above all, the group aims to give people hope."We let them know, 'Don't be despaired because there are people outside who still care about you, think of you, and who are trying to do their best to help you,'" Akbik said. "In my opinion, this is priceless. When you go and give hope to someone you don't know, you try to give them a new boost to life, that's absolutely priceless." 2146
COLUMBUS, Ohio (AP) — Authorities in Columbus, Ohio, have released police body camera footage showing the moments early Tuesday when an officer on a nonemergency call fatally shot a Black man who was holding a cellphone as he emerged from a garage.Warning: the video in this story is graphic in nature and contains scenes that some may find disturbing.The video released Wednesday shows the Columbus officer approaching an open garage and the man walking along a car out of the garage.The man, identified as Andre' Maurice Hill, is holding up the phone in his left hand.The officer fires and Hill drops to the ground.The officer is then heard yelling at Hill to move his hands to the side and to roll over.The officer, Adam Coy, and a female officer responded to a call from the neighborhood that reported a vehicle running in the street on and off for an extended period of time, according to the Columbus Dispatch.The officers did not have their body cameras turned on at the time of the shooting, however the Columbus Dispatch reports the cameras have a 60-second "look back" feature that captures 60-seconds of video, no audio, before a camera is turned on. The video released Thursday indicates the officer turned on the body camera immediately after the shooting.Columbus police confirm Coy has been relieved of duty as of Tuesday afternoon. 1356