Elizabeth Warren: In Their Vote Against Student Loan Reform, the GOP Has Sided With the Billionaires | The Nation
Read More Student loan debt dragging on young households Currently, undergraduates pay 3.86 percent on their debt and graduate students pay 5.41 percent. Those rates came about as part of a bipartisan deal reached last year that ties interest rates to the financial markets. "We have $1.2 trillion in outstanding student loan debt, and what we know about that debt that's outstanding is that it is crushing individuals, and it is now acting as a drag on the economy," Warren said. "Young people are not buying homes, they're not starting small businesses, they're not buying cars, they're not making the purchases we would expect them to make to move this economy forward." Read More Who willand won'tbenefit from student loan aid The bill would be financed by the so-called "Buffett Rule," inspired by billionaire Warren Buffett, which would raise taxes on millionaires by imposing a minimum effective tax rate. It's expected to face fierce opposition by Republicans.
Sen. Warren: Students should not be financing government
Senator Elizabeth Warren (D-Mass.), provides insight on where tuition is rising fastest, and shares her story of graduating from a commuter college that cost $50 per semester.
Warren admits it will take more than lowering interest rates to help beleaguered college students facing high tuition. She also thinks colleges need to do their part. For-profit colleges are covering 10 percent of all students, "sucking down" 25 percent of student loans and are responsible for about 48 percent of all student loan defaults, she said. And it's the taxpayers and students on the hook for those loansnot the college.
Puedes ver la version sin traducir en http://www.cnbc.com/id/101748061
Senate Republicans Block Student Loan Bill - ABC News
The bill, authored by Sen. Elizabeth Warren, D-Mass., failed to clear a procedural hurdle that would have brought it up for consideration in the face of Republican opposition. It went down by a vote of 56 to 38. It would have affected an estimated 40 million people begin paying a lower interest rate on their loans, but never would have won GOP support because of the way it was paid for: a minimum tax of 30 percent on Americans earning between $1 and $2 million each year. "Today is a really good day for billionaires. For the 40 million people dealing with student loan debt it wasn't such a good day," Warren said after the vote. "This raises the fundamental question, who does Washington work for? Does it work for those who can hire armies of lobbyists to make sure that every single loophole in the tax code is protected for them? Or does it work for young people who are trying to get started in life?" But Republicans called the bill a "political stunt" that would do nothing to help future students. "The Senate Democrats' bill really isn't about students at all, its really all about Senate Democrats, because Senate Democrats don't actually want a solution for their students, they want an issue to campaign on to save their own hides this November," said Senate Minority Leader Mitch McConnell, R-Ky.
Puedes ver la version sin traducir en http://www.cbsnews.com/news/senate-republicans-block-consideration-of-student-loan-bill/
Google's Payday Loan Algorithm 3.0 Rolling Out Now
Last night we reported that Google is going to be launching PayDay Loan 3.0 and Googles Matt Cutts posted on Twitter moments ago that it is now rolling out. Cutts, Googles head of search quality said, its rolling out now! To catch you up, PayDay Loan 2.0 launched a few weeks ago around May 17th and 18th. That specifically targeted very spammy sites in the porn, pills and casino markets. Payday 3.0 specifically targets spammy queries, versus spammy sites. What exactly that means is not 100% clear. But the types of queries this targets includes terms like [payday loans], [casinos], [viagra] and other forms of highly spammy queries. Here is Matts tweet: @BtotheMcG it's rolling out now! Matt Cutts (@mattcutts) June 12, 2014 The first PayDay Loan algorithm was release on June 11, 2013 . Related Topics: Channel: SEO | Google: Penalties | Google: SEO | Top News Sponsored About The Author: Barry Schwartz is Search Engine Land's News Editor and owns RustyBrick , a NY based web consulting firm. He also runs Search Engine Roundtable , a popular search blog on very advanced SEM topics. Barry's personal blog is named Cartoon Barry and he can befollowedon Twitter here .
Puedes ver la version sin traducir en http://searchengineland.com/googles-payday-loan-algorithm-3-0-rolling-now-193954
The bill would have been paid for with the so-called Buffett Rule, which sets minimum tax rates for people making over $1 million. "With this vote we show the American people who we work for in the United States Senate: billionaires or students," said Warren. "A vote on this legislation is a vote to give millions of young people a fair shot at building their future." Republicans said the bill wouldn't have done anything to lower education costs or reduce borrowing, and they accused Democrats of playing politics by highlighting an issue that was bound to fail. "The Senate Democrats' bill isn't really about students at all. It's really all about Senate Democrats," said Minority Leader Mitch McConnell, R-Ky. "They want an issue to campaign on to save their own hides this November." Student loan debt has topped $1 trillion and emerged as a drag on the economy and on middle-class families across the country, making it a ripe target for politicians ahead of midterm elections where Democrats risk losing their Senate majority. Wednesday's vote followed two days where President Barack Obama highlighted the issue from the White House, announcing executive action to let more borrowers to cap their monthly payments at 10 percent of their income and answering questions about the issue on the social networking site Tumblr. "There are too many politicians in Washington who don't have the right priorities," Obama told high school graduates in Worcester, Massachusetts, as he chided Republicans for rejecting the student loan bill. "We need to straighten them out. And maybe they forgot where they came from and who invested in them along the way." The Obama administration said Warren's bill could have helped some 25 million borrowers save $2,000 each over the lifetime of their loans. It would have allowed people with older loans at higher interest rates refinance to rates below 4 percent offered today under a deal reached a year ago in Congress.
Puedes ver la version sin traducir en http://abcnews.go.com/Politics/wireStory/senate-democrats-push-student-loan-bill-24083344
Senate Republicans block consideration of student loan bill - CBS News
McConnell referred to the bill as a "tax increase bill styled as a student loan bill," and encouraged Republicans to filibuster to stop it. 58 senators, 3 of them Republicans, voted for the bill while only 38 voted against it, but it was still not enough to overcome the filibuster. An outraged Elizabeth Warren told Chris Hayes last night that the choice should have been simple. Do you stand with the billionaires, protecting every single tax break that they get? Every loophole, every subsidy? Or do you stand with the students? The people who went out there, played by the rules and tried to get an education and are trying to start their lives," she demanded. Now, McConnell better watch his seat: Warren says shell be going to Kentucky to campaign for Alison Lundergan Grimes, McConnell's Democratic opponent in this falls election, who Warren said has been in favor of the student loan bill and would be likely to bring about the positive change that McConnell is trying to resist. Hannah Harris Green
Puedes ver la version sin traducir en http://www.thenation.com/blog/180215/elizabeth-warren-their-vote-against-student-loan-reform-gop-has-sided-billionaires