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
Kenya Gives Foreign Traders 90 Days to Formalise Status Amid Xenophobia Fears
The Kenyan government has given foreign nationals operating businesses in the country 90 days to regularise their immigration status, work permits, business registrations and licences, following remarks by President William Ruto that triggered panic in immigrant communities and fears of xenophobic violence.
State House Spokesperson Hussein Mohamed announced the “orderly regularisation exercise” on Tuesday, saying relevant government agencies would work with foreign embassies to facilitate compliance. “Every person conducting business in Kenya is required to comply with applicable immigration, work-permit, registration and licensing requirements,” Mohamed said. Requirements will be administered “fairly, consistently and without discrimination” during the period. After the 90 days, the rules will be enforced “firmly and strictly in accordance with the law and due process.”
The move comes after Ruto’s comments last week that foreigners should not operate as hawkers or run small shops, which were widely seen as responding to complaints from Kenyan traders about competition in the informal sector. The remarks sparked anxiety, particularly among Burundian nationals who dominate street vending in parts of Nairobi. Hundreds queued at the Burundi embassy seeking travel documents amid concerns of a crackdown and possible attacks similar to recent xenophobic violence in South Africa. There were reports of at least one shop attack and instances of harassment or intimidation.
Mohamed explicitly warned that no individual or group has authority to harass, intimidate, threaten or interfere with foreign nationals or their businesses, stressing that enforcement is the sole responsibility of authorised state agencies. “Legitimate concerns about economic opportunity can never justify discrimination, excuse lawlessness or sanction violence,” the statement said. Kenya would remain “an open, secure and welcoming country” while protecting opportunities for its citizens, especially in the micro and small-enterprise sector.
Citizens of East African Community countries are eligible for free work permits, though many have not completed formal registration. The government has also directed that the Local Content Bill currently before Parliament be expanded to create a clearer framework identifying activities that may be reserved for Kenyans while protecting the rights of foreigners lawfully entitled to work, invest or trade.
The 90-day window is intended to allow an orderly process rather than immediate closures, offering temporary relief to affected communities while signalling stricter future enforcement.
International
Global media leader Annecchino dies at 55
Widely recognised as a transformative figure in global media, he was known for his strategic vision, entrepreneurial drive and ability to steer major organisations through periods of sweeping change.
|•Raffaele Annecchino
Raffaele Annecchino, the former President and CEO of Paramount International has died at the age of 55.
Widely recognised as a transformative figure in global media, he was known for his strategic vision, entrepreneurial drive and ability to steer major organisations through periods of sweeping change.
His career spanned more than 25 years at Paramount and ViacomCBS, starting in a commercial role in Madrid before rising to lead the company’s international operations across Europe, the Middle East, Africa, Latin America and Asia.
As CEO of Paramount International, Annecchino oversaw the company’s pivot from broadcast to digital, spearheading the international rollout of Paramount+, the global expansion of Pluto TV, and the creation of the SkyShowtime joint venture with Comcast.
He also built long-standing partnerships with major industry players, including Sky, Canal+, MultiChoice and Viaplay, and helped grow networks such as MTV, Nickelodeon, BET and Channel 5 in the UK, while backing production hubs across Africa, Asia, Europe and Latin America.
International
Meet The highest paid world leader
Lawrence Wong will see an increase of 1.4 million Singapore dollars ($1.1m; £818,000) in his annual pay package. He has said he will donate this pay increase to charity over the next five years.
•Lawrence Wong / BBC
Singapore’s government says it will raise the annual salaries of its ministers and other office holders, including its prime minister who is the highest paid political leader in the world.
Lawrence Wong will see an increase of 1.4 million Singapore dollars ($1.1m; £818,000) in his annual pay package. He has said he will donate this pay increase to charity over the next five years.
Wong said that raising the pay of ministers was necessary to attract better talent.
The government has previously argued that paying ministers high salaries deters corruption.
But the move has attracted criticism in Singapore where there is deep concern about job security and the rising cost of living.
Even before his pay raise kicks in, Wong is still by far the highest paid world leader.
He currently receives an annual salary of S$2.2m and will now see his pay go up by more than 60% to S$3.6m ($2.8m).
Next is Hong Kong chief executive John Lee, who earns about $719,000, followed by Switzerland’s president Guy Parmelin with $606,000.
US president Donald Trump earns $400,000 a year, while British PM Andy Burnham takes in $230,000.
On Tuesday, Wong acknowledged that Singapore ministers’ salaries have attracted scrutiny given that they were much more than what most citizens earn. The median monthly income in the country is S$5,775.
(BBC)
-
Business3 days agoNAFDAC Goes After Chinese Logistics Firms Over Products Counterfeiting
-
International2 days agoKenya gives foreign workers 90 days to formalise status or leave
-
Sports3 days agoFalconets lose World Cup opener to Spain
-
Business3 days agoAfter South Africa, Kenya Cracks Down on Foreign Traders, Retailers
-
Entertainment3 days agoIkenga becomes highest-grossing Igbo film of all time
-
Politics3 days ago2027: Tompolo flags – off campaign for Tinubu with 34 Campaign Vehicles
-
News2 days agoAbia ranks top in BudgIT 2026 report
-
International3 days agoFive killed as Amazon cargo plane crashes at Miami airport
