Mastercard is shaking things up in the world of payments. They're teaming up with Fiserv to add a new type of digital money, called FIUSD, to their payment system. This means users might soon be able to pick from cash, credit, or this new digital money when they pay for something. The goal? To give people more choices, especially younger folks who love tech and diffe...
The Republican Party in the Senate has a new plan. It wants to change how students pay back their loans. Some experts think this could lead to big problems. They worry that many students might struggle to pay back their loans. This could even cause a huge increase in loan defaults. The Senate Committee on Health, Education, Labor and Pensions proposed this change. I...
The Department of Education is shelling out over $7 million monthly to employees who are currently not working. This situation has been ongoing for the past three months, costing the department over $21 million. This financial burden stems from a series of layoffs that occurred in March, which saw nearly half of the department's workforce let go. Approximately 1, 300...
The political landscape has seen a significant shift regarding winter fuel payments. The Labour Party has finally made a decisive move to reverse their earlier decision. This change affects millions of pensioners who rely on these payments to heat their homes during the cold months. The controversy began nearly a year ago. It started with a surprising announcement f...
College sports are on the brink of a significant transformation. The NCAA has cleared the way for schools to pay their athletes directly. This change comes from a legal agreement that was approved in court. It's a big deal because it marks a shift in how college athletes are compensated. The journey to this point has been long. The fight for athlete compens...
The world of college sports is changing fast. Now, athletes can earn money from their name, image, and likeness. This is a big deal. It means athletes can get paid for endorsements, social media posts, and other deals. But with this new money comes new problems. Schools need to figure out how to make sure these deals are fair and legal. This is where the Colleg...
The House Republicans have introduced a significant change to federal student loan repayment plans. This new plan, part of a larger spending and tax package called the "One Big Beautiful Bill Act, " proposes a repayment timeline that could stretch up to 30 years. This is a big jump from the current repayment plans, which typically range from 10 to 25 years. This chan...
The SAVE plan, which was designed to ease the financial burden on millions of federal student loan borrowers, has been discontinued. This means that those who were benefiting from this income-driven repayment plan will soon face higher monthly payments. The pause on payments is expected to last until at least December of this year, but some experts predict it could e...
Community health workers (CHWs) are the backbone of achieving universal health coverage. They play a crucial role in reaching the Sustainable Development Goals. To keep them motivated and effective, paying them fairly is key. The World Health Organization and groups like the Community Health Impact Coalition stress the importance of this. In Zanzibar, many groups us...
A significant financial challenge is looming for many developing nations. By 2025, these countries will face a massive debt repayment to China. This debt comes mostly from loans given out during the peak of China's Belt and Road Initiative, which started in 2013. The initiative aimed to connect Asia, Africa, and the Americas through infrastructure projects like ports...