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Indonesia Warns $20 Billion Climate Deal Looks Too Expensive
Indonesia Warns $20 Billion Climate Deal Looks Too Expensive
A $20 billion international effort to accelerate Indonesia’s shift away from coal hinges on the availability of low-cost
2023-05-17 07:15
Eskom Latest: Intensified Power Cuts  Over the Weekend
Eskom Latest: Intensified Power Cuts Over the Weekend
South Africa’s state power utility’s former chief operating officer and now adviser, Jan Oberholzer will leave Eskom Holdings
2023-07-18 00:46
New York Times under fire for including ‘death’ on list of six ways to cancel student debt
New York Times under fire for including ‘death’ on list of six ways to cancel student debt
The New York Times has been roasted on social media for listing “death” as a means to escape crippling student loans, after the Supreme Court struck down the Biden administration’s plan to cancel debt for millions of Americans. In an article soon after the Supreme Court’s ruling was released on Friday, the Times explained six ways “to get your student debt wiped away”. The suggestions included making an income-driven repayment, appealing for public service loan forgiveness, and bankruptcy and disability discharges. Under a subhead “death”, the Times wrote: “This is not something that most people would choose as a solution to their debt burden”. It went on to explain that federal student loan debt “dies with the person or people who take it on”. The macabre phrasing drew a swift backlash on social media. “That's a little dark, NYT,” writer Parker Molloy tweeted. “We’ve reached the point where The New York Times is suggesting death as a viable solution to crushing student debt,” wrote former Secretary of Labor Robert Reich. “I’ll try it out and tell u guys how it went,” another posted. The article was later revised, with the “death” subhead being changed to “debt won’t carry on”. The Times did not respond to a request for comment by The Independent. In a 6-3 decision, the Supreme Court ruled that the Biden administration had overstepped its authority in implementing a sweeping $400bn student debt relief plan. The decision means an estimated 43 million Americans will be back on the hook for student loan repayments later this year. In a press conference on Friday, President Joe Biden insisted the fight was not over, and promised a “new path” for relief that would be legally sound. He has tasked Secretary of Education Miguel Cardona with coming up with a new forgiveness plan that was consistent with the Supreme Court’s ruling. Read More Supreme Court strikes down Biden’s plan to cancel student loan debts Biden reveals ‘new path’ to student debt relief after Supreme Court strikes down president’s plan An Area 51 blogger was raided at gunpoint by federal agents. He says the US Government is trying to silence him Trump makes brash Georgia 2020 case prediction as DoJ ‘prepares new charges’ – live Biden reveals ‘new path’ to student debt relief Army combat veteran to take over key election security role working with state, local officials
2023-07-01 05:17
Offshore Yuan Seen Tumbling to New Low Against Dollar in China Selloff
Offshore Yuan Seen Tumbling to New Low Against Dollar in China Selloff
Global investors have little confidence that China will succeed in shoring up its financial markets, predicting that mounting
2023-08-28 08:46
South African Policy Uncertainty Eases on Better GDP and Inflation
South African Policy Uncertainty Eases on Better GDP and Inflation
Policy uncertainty in South Africa eased in the third quarter after better-than-expected economic growth data and as inflation
2023-10-02 14:46
Peru Economy Shrinks Again, Pointing to Negative Growth in 2023
Peru Economy Shrinks Again, Pointing to Negative Growth in 2023
Peru’s economy shrank in August for a fourth month in a row, extending its recession as analysts begin
2023-10-16 00:16
Birkenstock Draws Norwegian Wealth Fund to $1.6 Billion IPO
Birkenstock Draws Norwegian Wealth Fund to $1.6 Billion IPO
Birkenstock Holding Ltd. and its private equity owner are seeking as much as $1.6 billion from an initial
2023-10-02 22:51
IMF backs Brazil's fiscal efforts, 'ambitious' green agenda
IMF backs Brazil's fiscal efforts, 'ambitious' green agenda
The International Monetary Fund on Tuesday said it "strongly supports" Brazil's efforts to improve the country's fiscal position,
2023-05-17 03:15
German Industry Slams High Energy Costs as ‘Self-Made’ Problem
German Industry Slams High Energy Costs as ‘Self-Made’ Problem
Germany’s small and mid-sized companies, the backbone of Europe’s largest economy, are urging the government to ease burdens
2023-10-06 16:48
China's 'Singles Day' shopping bonanza loses its lustre
China's 'Singles Day' shopping bonanza loses its lustre
China's annual "Singles Day" sales bonanza wraps up at midnight on Saturday, but consumers this year appear largely unswayed by its flashy deals and discounts...
2023-11-11 11:49
Live Nation Wins 2023 Summer of Music, But Risks Loom in 2024
Live Nation Wins 2023 Summer of Music, But Risks Loom in 2024
It’s the summer of live music, with seemingly every megastar from Taylor Swift to Beyoncé to Bruce Springsteen
2023-07-29 04:56
First Starship Passenger Makes New Plans While Waiting for Musk
First Starship Passenger Makes New Plans While Waiting for Musk
As Elon Musk prepares to test his Starship rocket for the first time since an April takeoff ended
2023-11-13 18:19