Demand for oil and natural gas will stay resilient for decades, driven by population growth and industrialization in

By David Shepardson WASHINGTON (Reuters) -U.S. Transportation Secretary Pete Buttigieg said Tuesday there are concerns about the interaction between Tesla's

SAN FRANCISCO--(BUSINESS WIRE)--Sep 14, 2023--

China will impose tighter standards on voluntary carbon credits as it revives its long-stalled offsets market. New China

The US Supreme Court has struck down President Joe Biden’s plan to cancel student loan debts for millions of Americans, reversing his campaign-trail promise as borrowers prepare to resume payments this summer. Chief Justice John Roberts delivered the 6-3 decision from the court’s conservative majority. The ruling, which stems from a pair of cases challenging the Biden administration and the US Department of Education, argues that the president does not have authority to implement sweeping relief, and that Congress never authorised the administration to do so. Within 30 minutes on the last day of its term, the court upended protections for LGBT+ people and blocked the president from a long-held promise to cancel student loan balances amid a ballooning debt crisis impacting millions of Americans. Under the plan unveiled last year, millions of people who took out federally backed student loans would be eligible for up to $20,000 in relief. Borrowers earning up to $125,000, or $250,000 for married couples, would be eligible for up to $10,000 of their federal student loans to be wiped out. Those borrowers would be eligible to receive up to $20,000 in relief if they received Pell grants. Roughly 43 million federal student loan borrowers would be eligible for that relief, including 20 million people who stand to have their debts canceled completely, according to the White House. Roughly 16 million already submitted their applications and received approval for debt cancellation last year, according to the Biden administration. The long-anticipated plan for debt cancellation was met almost immediately with litigation threats from conservative legal groups and Republican officials, arguing that the executive branch does not have authority to broadly cancel such debt. Six GOP-led states sued the Biden administration to stop the plan altogether, and a federal appeals court temporarily blocked any such relief as the legal challenges played out. Since March 2020, with congressional passage of the Cares Act, monthly payments on student loan debt have been frozen with interest rates set at zero per cent. That Covid-19-pandemic era moratorium, first enacted under Donald Trump and extended several times, was paused a final time late last year – until the Education Department is allowed to cancel debts under the Biden plan, or until the litigation is resolved, but no later than 30 June. Payments would then resume 60 days later. The amount of debt taken out to support student loans for higher education costs has surged within the last decade, alongside growing tuition costs, increased private university enrollment, stagnant wages and GOP-led governments stripping investments in higher education and aid, putting the burden of college costs largely on students and their families. The crisis has exploded to a total balance of nearly $2 trillion, mostly wrapped up in federal loans. Millions of Americans also continue to tackle accrued interest without being able to chip away at their principal balances, even years after graduating, or have been forced to leave their colleges or universities without obtaining a degree at all while still facing loan repayments. Borrowers also have been trapped by predatory lending schemes with for-profit institutions and sky-high interest rates that have made it impossible for many borrowers to make any progress toward paying off their debt, with interest adding to balances that exceed the original loan. One analysis from the Education Department found that nearly 90 per cent of student loan relief would support people earning less than $75,000 per year. The median income of households with student loan balances is $76,400, while 7 per cent of borrowers are below the poverty line. That debt burden also falls disproportionately on Black borrowers and women. Black college graduates have an average of $52,000 in student loan debt and owe an average of $25,000 more than white graduates, according to the Education Data Initiative. Four years after graduating, Black student loan borrowers owe an average of 188 per cent more than white graduates. Women borrowers hold roughly two-thirds of all student loan debt, according to the American Association of University Women. Mr Biden’s announcement fulfilled a campaign-trail pledge to wipe out $10,000 in student loan debt per borrower if elected, though debt relief advocates and progressive lawmakers have urged him to cancel all debts and reject means-testing barriers in broad relief measures. In November 2020, the president called on Congress to “immediately” provide some relief for millions of borrowers saddled by growing debt. “[Student debt is] holding people up,” he said at the time. “They’re in real trouble. They’re having to make choices between paying their student loan and paying the rent.” This is a developing story Read More Supreme Court allows Colorado designer to deny LGBT+ customers in ruling on last day of Pride Month Biden condemns Supreme Court striking down affirmative action: ‘This is not a normal court’ Justice Ketanji Brown Jackson delivers searing civil rights lesson in dissent to affirmative action ruling

Sean Strickland calls Andrew Tate a 'piece of s**t', keep reading to know what happened

Nasa has discovered “diverse organic matter” on the surface of Mars, which could change our understanding of the red planet and the search for life in the universe. The Perseverance rover made the discovery in the Jezero Crater on Mars and a number of different explanations for the existence of the material have been posited. The materials could have been formed when water and dust interacted, or was dropped onto the planet by dust or meteors. Authors of the new study also refused to rule out that the materials are “biotic”, or came about due to the existence of life on the surface. Sign up to our free Indy100 weekly newsletter The findings could have a big impact on the continued search for alien life, with research into the organic matter on the surface telling us more about the existence of carbon sources on Mars. The Jezero crater has been explored by The Scanning Habitable Environments with Raman and Luminescence for Organics and Chemicals (Sherloc) instrument on the rover since February 2021. The crater is the site of an ancient lake basin and all 10 target sites explored within it came back with signs of organic molecules. Even if the materials are not biological in origin, research into them could be crucial in the search for alien life, according to the researchers. “Not all organics are biological in origin. Observing spatial relationships between minerals and organics is necessary when evaluating organic origins and potential biosignatures. Everything we know of life on Earth is limited to what is preserved in the rock-mineral record. On Earth, biosignatures are found in certain minerals and some minerals are better at preserving organics than others,” said Ashley E Murphy, a researcher at the Planetary Science Institute and co-author on the new paper. “Mars may have had a similar early geologic history to Earth so we use our knowledge of life as we know it on Earth for where to look for potential evidence of past life on Mars. Mapping organics allows for a better understanding of if the Martian carbon cycle is similar to or different from Earth, and the potential of Mars to host life.” Writing in the Nature journal, the authors said: “Our findings suggest there may be a diversity of aromatic molecules prevalent on the Martian surface, and these materials persist despite exposure to surface conditions. “These potential organic molecules are largely found within minerals linked to aqueous processes, indicating that these processes may have had a key role in organic synthesis, transport or preservation.” The findings are published in a new article, ‘Diverse organic-mineral associations in Jezero crater, Mars’, in Nature. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

(Reuters) -Videogame publisher Electronic Arts Inc beat fourth-quarter booking estimates on Tuesday as the latest installments in its "FIFA" and

After falling in love with the game, The Mountain Goats singer John Darnielle has created a unique set of cards for collectible tabletop and digital trading card game ‘Magic: The Gathering’.

German online fashion retailer Zalando SE is fighting the European Union’s decision to add it to a list

Tech giant Baidu launched China's first public artificial intelligence chatbot on Thursday, with ERNIE trained to censor highly sensitive topics for the ruling Communist Party...

Residents and US military bases across Guam were warned to brace for a devastating impact from Typhoon Mawar