How Millions of Borrowers Got $127 Billion in Student Loans Canceled

When the Supreme Court struck down President Joe Biden’s $400 billion plan to forgive up to $20,000 in federal student loan debt for 43 million borrowers, the prospect of substantive debt relief appeared to vanish. But then millions of borrowers received surprise notices that their federal student loans were being eliminated through other government relief … Read more

Why Moody’s Cut Its Outlook for the US Economy

Key Takeaways Moody’s credit rating agency has downgraded the U.S. economic outlook to “negative” from “stable.” The move brought immediate criticism from President Joe Biden’s administration. It is the latest in a series of issues flagged by rating agencies about the strength of the financial status of the United States. Rating agency Moody’s rattled Washington … Read more

Gavin Newsom is mesmerized by the growth of driverless cars. Other California Democrats, not so much

California Gov. Gavin Newsom walked out of the Tesla gigafactory in China last month feeling jazzed about the future. A future where people do a lot less driving, instead being whisked around by autonomous cars and flying taxis. A future where, he said, the “entire transportation system is completely reorganized.” “I think it’s going to … Read more

Cyber ‘Catastrophe Bonds’ Move Step Closer to Hitting Public Debt Markets

(Bloomberg) — Cyber catastrophe bonds may be about to move out of the shadows of private deal-making and into the public debt markets. Most Read from Bloomberg So-called cat bonds, which farm out hard-to-insure risks to capital market investors in exchange for double-digit returns, have typically been built around natural disasters such as hurricanes. But … Read more

Jimbo Fisher out at Texas A&M

Jimbo Fisher was 45-25 in six seasons as coach of Texas A&M. (John Bunch/Icon Sportswire via Getty Images) (Icon Sportswire via Getty Images) Texas A&M is firing coach Jimbo Fisher. School officials are expected to inform the coach Sunday morning of his dismissal, sources with knowledge of the decision tell Yahoo Sports. High-level university officials … Read more

Senior Ukrainian diplomat outlines how EU will change before Ukraine’s accession

A senior Ukrainian diplomat and foreign relations expert has described how the EU may change before Ukraine’s accession in an exclusive interview with NV Radio on Nov. 12. Ruslan Osypenko described how the EU does not have a qualified majority, making decisions through consensus, but indicated that this rule is subject to change. “I see … Read more