Monthly Archives: September 2022

Student-loan borrowers still need answers from Biden on these 3 things before payments resume next year, according to a Democratic senator

Sen. Bob Menendez Anna Moneymaker/Getty Images Sen. Bob Menendez lauded Biden’s recent $20,000 student-loan forgiveness announcement. But he said borrowers still need more answers before payments resume next year. He wants additional details on the PSLF waiver and income-driven repayment plans. President Joe Biden may have finally enacted blanket student-loan forgiveness — but one Democratic…

A traveler who took a carry-on to avoid losing her bag says American Airlines took it, checked it without telling her, then lost it anyway

Airlines have been losing luggage amid a summer of travel chaos. Peter Dazeley/Getty Images A passenger said American Airlines checked her cabin bag on a flight without telling her, then lost it. She said she’d packed hand luggage only to avoid her bag being lost amid the summer’s travel chaos. More than three weeks later,…

Now is the time to buy stocks as inflation will resolve itself and the global economy will avoid a recession, JPMorgan’s Marko Kolanovic says

Hollis Johnson/Insider Investors should buy stocks as the Fed will pivot and the global economy will avoid a recession, according to JPMorgan’s Marko Kolanovic.Kolanovic expects inflation to “resolve on its own” as pandemic-related distortions begin to fade.“The Fed has over-reacted with 75bps hike. We will likely see a Fed pivot, which is positive for cyclical…

Ukraine says its forces ‘eliminated’ an Iranian drone deployed by Russia as Putin’s forces lose ground to the Ukrainian counterattack

This undated photograph released by the Ukrainian military’s Strategic Communications Directorate shows the wreckage of what Kyiv has described as an Iranian Shahed drone downed near Kupiansk, Ukraine. Ukrainian military’s Strategic Communications Directorate via AP In a first, Ukraine’s military said it downed an Iranian drone being used by Russian forces. The White House said…

Germany must cap power prices with ‘great speed’ to relieve the burden on consumers, Chancellor Olaf Scholz says

Germany’s Chancellor Olaf Scholz speaks to the media on the third day of the three-day G7 summit at Schloss Elmau on June 28, 2022 near Garmisch-Partenkirchen, Germany. Thomas Lohnes/Getty Images German Chancellor Olaf Scholz said the nation must cap power prices rapidly to help consumers. Scholz added that policymakers must change the market design to…

Peter Navarro unloads on Trump’s ‘Cabinet of Clowns’ in grievance-filled memoir, report says

Former White House trade advisor Peter Navarro, right, attacked former White House chief of staff Reince Priebus, center, as “wrong, small, and inexperienced,” in his upcoming memoir. AP Ex-Trump advisor Peter Navarro takes aim at Trump’s cabinet and chiefs in a grievance-filled memoir. The Daily Beast obtained an excerpt of Navarro’s forthcoming scorched-earth book.  Navarro…