International
Students in America Lament Loan Burden

Americans are currently lamenting about the student loan burden which some students are kicking against.
If the United States Supreme Court had not overruled President Joe Biden’s programme to cancel billions of dollars in student debt, Satra D. Taylor, who borrowed $40,000 to complete her studies, could have seen that amount reduced by half.
Now the 27-year-old – who used the loan to study at the University of Michigan, supplementing a scholarship and other financial aid – is back on the hook for the whole sum.
“We created this unjust, inequitable, expensive, higher education system and so we need to redress it,” she told AFP, standing before the high court.
Biden’s forgiveness programme was meant to lift more than $400 billion in student debt weighing down the lives of millions of lower and middle-income Americans.
Certain borrowers would have been eligible to receive $20,000 in cancellations, while the vast majority were eligible for $10,000.
But the court overruled the programme Friday, stating that given the large sum, the president had overstepped his powers.
“Any American who wants to pursue higher education should be able to do so,” Taylor said.
“We have students now who have not acquired the generational wealth to pay for their cost of college, it needs to be debt-free,” added Taylor, who works for the youth advocacy group Young Invincibles.
Taylor said she was not surprised given the Supreme Court’s conservative majority, which on Thursday banned the use of affirmative action in university admission policies.
Taylor, who is African American, said the loan forgiveness decision was a setback for Black and Latino students who “would have disproportionately benefitted from this relief.”
“This is absolutely not only a social justice issue, but also a racial equity issue.”
– ‘Future generations’ –
Mina Schultz, 37, who borrowed approximately $65,000 for her studies, emphasized the impact student debt has on the entire economy.
When the pandemic hit and student loan repayments were frozen, it was “a blessing,” she told AFP from outside the Supreme Court.
People were “able to contribute more to the economy” by spending money elsewhere, whether on food as prices surged due to inflation or on things like rent, the George Washington University graduate said.
Schultz would have benefited from $10,000 in debt cancellation, which “would have been really helpful.”
That sort of money “is a huge deal to a lot of people,” said Schultz, who will be forking over some $340 per month when payments resume in several months.
Enjoying a seemingly debt-free life during the repayment pause, she was able to move out of her studio apartment and into a one-bedroom unit.
Nearby, Shanna Hayes, 34, could not contain her emotion as she spoke before several cameras: Her debt, originally $130,000, now exceeds $150,000 due to compounding interest that has accrued over the past 11 years.
“I ask you to remember that the student debt crisis impacts our grandparents, parents… children and future generations,” she told the reporters.
AFP
International
Russian missing plane found in Forest – No Survivors
Amur’s regional governor Vasily Orlov said five children were among those on board and declared three days of mourning.

Russian officials say 48 people were killed when an Angara Airlines plane went down in a dense forest in the far-eastern Amur region.
The Antonov An-24 plane, carrying 42 passengers and six crew, had left Blagoveshchensk close to the Chinese border and vanished from radar screens as it approached Tynda airport, officials said.
A Russian civil aviation helicopter then spotted burning fuselage from the plane on a remote hillside about 16km (10 miles) from Tynda.
Amur’s regional governor Vasily Orlov said five children were among those on board and declared three days of mourning.
Orlov said that according to preliminary data, there were 43 passengers, including five children, and six crew members on board the plane operated by a Siberian airline.
International
EU ready to hit US with 21-billion-euro tariff list
He said the goal should be “zero tariffs” and an open market among Canada, the United States, Mexico and Europe.

MILAN (Reuters) -The European Union has already prepared a list of tariffs worth 21 billion euros ($24.52 billion) on U.S. goods if the two sides fail to reach a trade deal, Italy’s Foreign Minister Antonio Tajani said in a newspaper interview on Monday.
President Donald Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the EU starting on Aug. 1, after weeks of negotiations with major U.S. trading partners failed to reach a comprehensive deal.
Tajani also told daily Il Messaggero that to help the euro zone economy the European Central Bank should consider a new “quantitative easing” bond-buying-programme, and more interest rate cuts.
The European Union said on Sunday it would extend its suspension of countermeasures to U.S. tariffs until early August and continue to press for a negotiated settlement.
Tajani said the 21-billion-euro package of tariffs the EU has already prepared could be followed by a second set if a deal with the U.S proves impossible.
He added, however, that he was confident that progress could be made in negotiations.
“Tariffs hurt every one, starting with the United States,” he said. “If stock markets fall that puts at risk the pensions and the savings of the Americans.”
He said the goal should be “zero tariffs” and an open market among Canada, the United States, Mexico and Europe.
International
Senegal scraps Akon’s $6bn Wakanda-inspired city project
Akon will retain just 8 hectares of the original land allocation, which will be absorbed into the broader development.

• Akon
The government of Senegal has cancelled Akon’s $6 billion plan to build a futuristic “Akon City” on the country’s Atlantic coast, after years of inaction and missed payments by the Senegalese-American singer.
Bloomberg reports that the project, first announced in 2020, was pitched as a tech-driven smart city inspired by Marvel’s Wakanda and promised to transform the quiet village of Mbodiène into a modern hub powered by solar energy and Akon’s own cryptocurrency.
But five years later, the Senegalese government has reclaimed most of the 136 acres of land initially allocated to the singer, after construction failed to begin and financial commitments were not met.
“That project no longer exists,” Serigne Mamadou Mboup, head of Sapco-Senegal, the state agency responsible for developing coastal and tourism zones, told L’Agence de presse sénégalaise.”
Bloomberg reports on Wednesday that SAPCO said it would now pursue a scaled-down, state-backed tourism project in the same area, with a budget of 665 billion CFA francs (about $1.2 billion), largely sourced from private investors.
Akon will retain just 8 hectares of the original land allocation, which will be absorbed into the broader development.
Despite the setback, officials say the revised plan could generate up to 15,000 jobs in its first phase, offering long-awaited economic hope for Mbodiène residents.
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