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DonViejo

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Name: Don
Gender: Male
Hometown: Massachusetts
Home country: United States
Member since: Sat Sep 1, 2012, 03:28 PM
Number of posts: 60,536

Journal Archives

Cardona suspends collection of 1 million federal student loans in default

Source: Politico


The Education secretary's action applies only to borrowers who have defaulted on their federally guaranteed loans made by private lenders under the Federal Family Education Loan program.

By MICHAEL STRATFORD

03/30/2021 01:03 PM EDT

The Biden administration on Tuesday halted the collection of more than 1 million federally guaranteed student loans, extending relief to a subset of the borrowers who have been left out of the government’s unprecedented freeze on loan payments and interest over the past year.

The Education Department said that it would pause the collection for all borrowers who have defaulted on student loans that are guaranteed by the federal government but held by a private entity. It also will set the interest rate to 0 percent on those loans.

“Our goal is to enable these borrowers who are struggling in default to get the same protections previously made available to tens of millions of other borrowers to help weather the uncertainty of the pandemic,” Education Secretary Miguel Cardona said in a statement.

Key context: The CARES Act and executive actions from the Trump and Biden administrations had previously covered roughly 40 million Americans who owe student loans that are held directly by the Education Department. The monthly payments and interest on those loans have been suspended since March 2020, and the relief is currently set to expire at the end of September.

Read more: https://www.politico.com/news/2021/03/30/cardona-federal-student-loan-collection-478493

Mercedes Schlapp melts down after Fox News guest calls her a 'grifter'



Elizabeth Warren unloads on Archegos meltdown: 'All the makings of a dangerous situation'


PUBLISHED TUE, MAR 30 202112:39 PM EDTUPDATED TUE, MAR 30 202112:41 PM EDT

Brian Schwartz
@SCHWARTZBCNBC

KEY POINTS

Sen Elizabeth Warren, a member of the powerful Senate Banking and Finance Committees, is one of the first lawmakers to respond to what turned out to be disastrous trades by Archegos.

The fund is a family office founded by former Tiger Management analyst Bill Hwang.

The funds trades sent the stock of ViacomCBS into a tailspin
.


Sen. Elizabeth Warren is taking aim at Archegos Capital Management and lightly regulated hedge fund industry after their stock trades sent the market into a frenzy.

“Archegos’ meltdown had all the makings of a dangerous situation -- largely unregulated hedge fund, opaque derivatives, trading in private dark pools, high leverage, and a trader who wriggled out of the SEC’s enforcement,” Warren told CNBC in a statement.

“Regulators need to rely on more than luck to fend off risks to the financial system: we need transparency and strong oversight to ensure that the next hedge fund blowup doesn’t take the economy down with it,” she added.

Warren, who is a member of the powerful Senate Banking and Finance committees, is one of the first lawmakers to respond to what turned out to be disastrous trades by Archegos, a family office founded by former Tiger Management analyst Bill Hwang.

more
https://www.cnbc.com/2021/03/30/elizabeth-warren-on-archegos-all-the-makings-of-a-dangerous-situation.html

21 Senate Democrats urge Biden to put recurring stimulus checks, unemployment aid extension in,,,

Source: CNBC


21 Senate Democrats urge Biden to put recurring stimulus checks, unemployment aid extension in recovery plan

PUBLISHED TUE, MAR 30 202112:34 PM EDT

Jacob Pramuk
@JACOBPRAMUK

KEY POINTS

Twenty-one Senate Democrats led by Ron Wyden are pushing President Joe Biden to include recurring direct payments and an extension of jobless benefits in his economic recovery plan.

They want the aid tied to economic conditions so it does not lapse too early.

Biden plans to unveil his infrastructure and recovery proposal Wednesday.


More Senate Democrats are pressuring President Joe Biden to extend rescue measures as the U.S. recovers from a coronavirus-fueled economic drubbing.

Twenty-one members of the Senate Democratic caucus wrote to the president Tuesday urging him to include recurring direct payments and enhanced jobless benefits as part of his recovery plan.

The senators, led by Finance Committee Chair Ron Wyden of Oregon, aim to tie the aid to economic conditions so relief does not lapse too early.

“This crisis is far from over, and families deserve certainty that they can put food on the table and keep a roof over their heads,” the senators wrote. “Families should not be at the mercy of constantly-shifting legislative timelines and ad hoc solutions.”



Read more: https://www.cnbc.com/2021/03/30/stimulus-check-update-senators-push-biden-to-send-recurring-payments.html

Surprise! States That Make It Harder to Vote Had Lower Turnout in 2020


State-level turnout data shows why Republicans are so interested in making it harder to vote in the next election.

By Cameron Joseph

As Republicans make a sweeping voter suppression push nationwide, they insist it won’t have any real impact on voters’ ability to cast their ballots. But a look at how voter turnout shifted in 2020 shows a strong link between states making it easier to vote and voters actually turning out.

In 2020, the states that showed the biggest jumps in voter turnout were almost uniformly states that also made it dramatically easier to vote, often by allowing everyone to vote by mail. And the states that saw the lowest turnout increases were all ones where it’s hard to vote—and where lawmakers kept onerous rules in place—like bans on mail voting—in spite of the pandemic.

“You see this very stark correlation where states with higher usage of mail ballots had higher turnouts in the 2020 election,” said Michael McDonald, a University of Florida professor and head of the United States Election Project. “If you look at the change in turnout from 2016, you see a very strong correlation that the higher the change, the more permissive a state’s laws were in terms of allowing mail ballots.” Correlation isn’t causation, and the 2020 election was unique because of the coronavirus.

But these data show an undeniable correlation between mail voting laws and turnout in the last election. And that goes a way in explaining why Republicans seem so eager to make it harder to vote in a number of states—even as they insist it has nothing to do with keeping Democrats from casting ballots.

more
https://www.vice.com/en/article/g5bzpj/surprise-states-that-make-it-harder-to-vote-had-lower-turnout-in-2020

It's a 'perversion of truth.' Children of MLK, John Lewis and CT Vivian condemn Georgia voting law

Source: CNN


By Nicole Chavez, CNN

Updated 12:03 PM ET, Tue March 30, 2021

(CNN) - The children of three late civil rights movement leaders released a joint letter late Monday night to corporate leaders and lawmakers in response to the new voting law in Georgia.

Bernice A. King, the daughter of the Rev. Martin Luther King Jr.; Al Vivian, the son of the Rev. Cordy Tindell "C.T." Vivian; and John-Miles Lewis, the son of US Rep. John Lewis, said corporate leaders failed to live up to "their racial equity commitments" and disrespected their fathers' tireless work.

"Rather than sowing seeds to provide democracy the greatest chance to grow today and prevail tomorrow, legislators are attempting to transport us back to the shameful period of American history when mass voter suppression for communities of color was the law of the land," they wrote in the letter.

The three of them join numerous groups urging corporations based in the state to take a stance against the new law, which some consider one of the nation's most restrictive voting laws.

Read more: https://www.cnn.com/2021/03/30/us/children-mlk-lewis-ct-vivian-condemn-voting-law/index.html

Trump on Cameo? Former President Fielding Requests for Personal 'Greetings' on His New Website


By Joe DePaolo Mar 30th, 2021, 9:27 am

-snip-

As part of the rollout of his new official website (flagged by Politico’s Gabby Orr), the former president is fielding requests for personalized greetings from his fans.

“Thank you for your interest in receiving a greeting from Donald J. Trump and Melania Trump for your special occasion,” a section of the website reads. “Please allow up to 6 weeks for processing of your request. Due to the volume of greeting requests President and Mrs. Trump receive, we will not provide status updates. Additionally, please do not re-submit your request. Duplicate requests will supersede original submissions and therefore result in a significant delay in processing.

“Thank you for your understanding.”

Unlike the Cameo service, in which mostly B and C-list celebrities record personal messages for a fee, the former president made no mention of charging for the service. Cameo has become something of a popular landing spot for Trump administration castoffs. But the man himself appears to be setting up his own thing.

more
https://www.mediaite.com/trump/trump-on-cameo-former-president-fielding-requests-for-personal-greetings-on-his-new-website/

'I Believe I Witnessed a Murder': Bystander Who Saw George Floyd's Death Tears Up Listening to 911..

‘I Believe I Witnessed a Murder’: Bystander Who Saw George Floyd’s Death Tears Up Listening to 911 Call

By Rudy TakalaMar 30th, 2021, 12:18 pm

Jurors at the murder trial for George Floyd’s accused killer, former Minneapolis Police Officer Derek Chauvin, heard on Tuesday from a witness who said he called 911 after Floyd’s death because he believed he “witnessed a murder.”

“I was very lost at the moment,” the witness, Donald Williams, told jurors in Minneapolis. “And I was very nervous and not knowing what to do.”

“At some point, did you make a 911 call?” an attorney asked Williams. “That is correct,” Williams replied. “I did call the police on the police … because I believe I witnessed a murder.”

It was the second day jurors heard from Williams, a 33-year-old former MMA fighter. In testimony on Monday, he compared Chauvin’s hold on Floyd to a “kill choke” move, and said he looked Chauvin “dead in the eye” as Floyd was dying.

more
https://www.mediaite.com/news/i-believe-i-witnessed-a-murder-bystander-who-saw-george-floyds-death-tears-up-listening-to-911-call/

Third group files legal challenge to Georgia's restrictive new elections law

Source: The Hill


BY JOHN KRUZEL - 03/30/21 12:08 PM EDT

Georgia’s restrictive new election measure was hit on Tuesday with a third lawsuit accusing the law of race-based discrimination less than week after its passage.

In a 91-page complaint filed in federal court in Atlanta, voting rights advocates alleged that the Republican-crafted legislation illegally suppresses minority voters’ rights in violation of constitutional protections and the 1965 Voting Rights Act.

Gov. Brian Kemp’s (R) signed the sweeping elections bill into law last Thursday. It tightens voting rules by limiting the use of ballot drop boxes and setting photo ID requirements for absentee voting, among other restrictions.

Georgia stunned the political world by electing two Democrats in a pair of January Senate runoff elections and voting for President Biden, the first Democratic presidential candidate to win the state since former President Clinton in 1992.

The new Georgia voting law was among dozens of measures being considered by state legislatures across the country after former President Trump repeatedly blamed his 2020 election loss on widespread voter fraud, a claim that is not supported by evidence and has been shot down by state elections officials, the courts and his own Justice Department.



Read more: https://thehill.com/regulation/court-battles/545550-third-challenge-filed-to-georgias-new-voting-law

Witness to George Floyd killing shuts down Derek Chauvin's defense attorney


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