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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

New York City police officers shot and killed a black man Wednesday after he pointed what they believed was a gun at them, authorities said.After the shooting, officers discovered the man was holding "a pipe with some sort of knob on it," Chief of Department Terence A. Monahan said at a news conference.The incident started shortly before 5 p.m., when officers received 911 calls of a man aiming what callers described as a silver firearm at people in Brooklyn, Monahan said."Three different 911 callers described a man with a gun, pointing it at people on the streets," he said. 588

NEW YORK (AP) — Apple is the first U.S. company to boast a market value of trillion, just two years after it became the first to reach trillion. Apple shares have gained nearly 60% this year as the company overcame the shutdown of factories in China that produce the iPhone and the closure of its retail sales amid the coronavirus pandemic. The company’s hugely loyal customer base trust its products so much that they continued to buy iPhones and other devices online while stuck at home. Apple recently reported blowout earnings for the April-June quarter.Apple has been at the vanguard of a group of Big Tech companies that are increasingly taking over people’s lives — and the stock market. Just five companies — Apple, Microsoft, Amazon, Facebook and Google’s parent company — account for nearly 23% of the S&P 500’s entire value. 853

NEW YORK (AP) — Carl Reiner, the ingenious and versatile writer, actor and director who broke through as a “second banana” to Sid Caesar and rose to comedy’s front ranks as the creator of “The Dick Van Dyke Show” and straight man to Mel Brooks’ “2000 Year Old Man,” has died. He was 98.Reiner’s assistant Judy Nagy said he died Monday night of natural causes his home in Beverly Hills, California.He was one of show business’ best-liked men, the tall, bald Reiner was a welcome face on the small and silver screens, in Caesar’s 1950s troupe, as the snarling, toupee-wearing Alan Brady of “The Dick Van Dyke Show” and in such films as “The Russians Are Coming, the Russians Are Coming” and “It’s a Mad, Mad, Mad, Mad World.”In recent years, he was part of the roguish gang in the “Ocean’s Eleven” movies starring George Clooney and appeared in documentaries including “Broadway: Beyond the Golden Age” and “If You’re Not in the Obit, Eat Breakfast.”Films he directed included “Oh, God!” starring George Burns and John Denver; “All of Me,” with Steve Martin and Lily Tomlin; and the 1970 comedy “Where’s Poppa?” He was especially proud of his books, including “Enter Laughing,” an autobiographical novel later adapted into a film and Broadway show; and “My Anecdotal Life,” a memoir published in 2003. He recounted his childhood and creative journey in the 2013 book, “I Remember Me.”But many remember Reiner for “The Dick Van Dyke Show,” one of the most popular television series of all time and a model of ensemble playing, physical comedy, and timeless, good-natured wit. It starred Van Dyke as a television comedy writer working for a demanding, eccentric boss (Reiner) and living with his wife (Mary Tyler Moore in her first major TV role) and young son in suburban New Rochelle, New York.“The Van Dyke show is probably the most thrilling of my accomplishments because that was very, very personal,” Reiner once said. “It was about me and my wife, living in New Rochelle and working on the Sid Caesar show."Reiner is the father of actor-director Rob Reiner.His death was first reported Tuesday by the celebrity website TMZ. 2134

NEW YORK — The Northeast is preparing for a major snowstorm at a key moment in the coronavirus pandemic.It's coming days into the beginning of a massive vaccination campaign and in the thick of a virus surge that has throngs of people seeking tests per day.The storm is poised to drop as much as 2 feet of snow in some places by Thursday.Snow, sleet and freezing rain is moving north and east across the mid Atlantic region late this morning. Here are the latest snowfall and ice accumulation forecasts for the storm. pic.twitter.com/D6oTJ9bzAq— NWS Eastern Region (@NWSEastern) December 16, 2020 The pandemic is adding new complexities to officials’ preparations, from deciding whether to close testing sites to figuring out how to handle plowing as outdoor dining platforms crowd New York City streets.Still, officials say they don't expect the winter blast to disrupt vaccine distribution.New York City is also preparing its mass transit and school systems for the oncoming snowstorm. The city’s public schools will remote learn Thursday instead of learning in-person. Transit agencies in the area are shifting schedules to accommodate those who must travel.As of Wednesday at 10:30 p.m. ET, the heaviest snow fell in Central Pennsylvania, with Dushore, Pennsylvania, reporting 18.5 inches of snow. The area was still being blanketed by snow. Locales around Philadelphia and New York City reported 4 to 6 inches of snow, while areas around Pittsburgh had over 6 inches. The storm is expected to taper off by noon Thursday, WPIX reports. 1547