News

2020

September

29

• Millennials increasingly believe their student debt wasn’t worth their education. Millennials are the generation most likely to believe that taking out student loans wasn’t worth attending college

• How rich Americans avoid taxes. Wealthy Americans are the largest source of underreported income, according to IRS data analyzed by researchers. The top 1% of American taxpayers account for about 34% of misreported income, according to a study published in the National

• Stimulus payment deadlines you can’t afford to miss. Key dates to watch are Sept. 30 for federal benefit recipients who didn’t receive payments for eligible dependent children and Oct. 30 for non-filers

• How to predict merit aid in a strange college application season. Students may have no test scores, altered grades and compromised extracurricular activities. So how will colleges dole out the discounts?

28

• Black parents see college degree as a key to success. Black parents feel it’s very important that their children earn a college degree. But a degree doesn’t necessarily confer the same advantages it does for Whites, nor is it as easy

• Ransomware attacks take on new urgency. Attacks against small towns, big cities and the contractors who run their voting systems have federal officials fearing that hackers will try to sow chaos around the election.

25

• Pay cuts become permanent for many Americans during pandemic. The majority of U.S. workers who took a pay cut as COVID-19 brought the economy to a halt are still earning less than they were before, a Pew study found.

• Nearly 9 million people didn’t get stimulus payments. In a newly released report, the Government Accountability Office recommends that the Treasury Department and the IRS do more to help track down an estimated 8.7 million people who are eligible but have not yet filed

24

• US government needs to save Main Street, not just Wall Street. The next administration must fight the economic crisis that the pandemic has highlighted and accelerated. That means the country must develop the infrastructure to save Main Street families and businesses as quickly and effectively as

• California to phase out sales of gas-powered cars by 2035. California, the world’s fifth-largest economy and the state that created U.S. car culture, will stop selling gasoline-powered automobiles within 15 years, Gov. Gavin Newsom (D) announced. Facing a record-breaking wildfire season as well

• A single-shot vaccine from Johnson & Johnson will be tested on 60,000. The first coronavirus vaccine that aims to protect people with a single shot has entered the final stages of testing.  The experimental vaccine being developed by Johnson & Johnson is the fourth vaccine to

• College enrollment takes a hit this fall amid coronavirus. Enrollment among undergraduates is down 2.5 percent this year across all types of institutions, while the head count of graduate students is up 3.9 percent.  Community colleges reported the steepest declines at 8 percent, continuing a downward

• Time to get off the fence about refinancing your mortgage. Consider this: A new 0.5 percent “adverse market fee” will be added to many refi loans starting December 1. Since it typically takes 40 to 60 days for the loan to close, some lenders are already factoring

23

• Ten tips for finding rental car deals. For many Americans, embarking on road trips has been a way to keep traveling during the pandemic. And if you’re not a car owner, now may be a good time to rent one.

• Elon Musk promises to make a $25,000 Tesla (in 3 years). Tesla is working on cheaper, more powerful batteries for its electric cars, but many of the required innovations are still works in progress, its chief executive, Elon Musk, said Tuesday at a much anticipated presentation

• Entra en vigor regla de carga pública que impide residencia para indocumentados que piden ayuda del gobierno. Los Servicios de Ciudadanía e Inmigración (USCIS) pueden reanudar la implementación de la carga pública para indocumentados que busquen la residencia en todo el país,

22

• ‘Tsunami’ of hotel closures is coming. The Luxe Rodeo Drive is the first L.A.-area luxury hotel to go out of business because of the pandemic. An unusually high loan delinquency rate may mean more hotel closures are likely to

• Here’s why many scientists think the coronavirus is airborne. The Centers for Disease Control and Prevention removed language Monday from its website that said the novel coronavirus spreads via airborne transmission, the latest example of the agency backtracking from its own guidance.

• As school begins, mothers working retail feel extra burden. As the pandemic wears on and school begins across the country, women working in retail say they are being forced to choose between keeping their jobs and making sure their children can keep up with

21

• Nursing homes need aid; what are industries' responsibilities?. A special panel seeks more money for testing, personal protective equipment, registered nurses, infection control training and staff salary increases, but the panel is silent on nursing homes' own responsibilities.