Aug 31, 2019

DeVos finalizes student debt restrictions

Betsy DeVos in the U.S. House of Representatives on July 24. Photo: Tom Williams/CQ Roll Call

Education Secretary Betsy DeVos finalized her effort on Friday to make canceling student debt harder for federal loan borrowers if colleges defraud those students, Politico reports.

The big picture: The fight over DeVos's proposal to qualify the Obama-era rule has stretched on for almost the full length of Trump's presidency. 19 attorneys general sued DeVos over the plan in 2017. Her proposal is estimated to save taxpayers $11 billion over the next 10 years.

  • DeVos has emphasized that preventing fraud in higher education is a key reason for the rule.
  • In the 2017 lawsuit, Massachusetts Attorney General Maura Healey argued that DeVos's rule "sided with for-profit school executives against students."

The bottom line: Loan forgiveness will be cut by almost $500 million annually under the new standard, the Department of Education estimates.

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43 mins ago - Technology

Civil rights leaders blast Facebook after meeting with Zuckerberg

Screenshot of an image some Facebook employees used as part of their virtual walkout on Monday.

A trio of civil rights leaders issued a blistering statement Monday following a meeting with Facebook CEO Mark Zuckerberg and other top executives to discuss the social network's decision to leave up comments from President Trump they say amount to calls for violence and voter suppression.

Why it matters: While Twitter has flagged two of the president's Tweets, one for being potentially misleading about mail-in ballot procedures and another for glorifying violence, Facebook has left those and other posts up, with CEO Mark Zuckerberg saying he doesn't want to be the "arbiter of truth."

Updates: George Floyd protests nationwide

Police officers wearing riot gear push back demonstrators outside of the White House on Monday. Photo: Jose Luis Magana/AFP via Getty Images

Protests over the death of George Floyd and other police-related killings of black people continued for a seventh day across the U.S., with President Trump threatening on Monday to deploy the military if the unrest continues.

The latest: Baltimore Police Department tweeted late Monday, "BPD has activated the Maryland State Police to assist with moderate crowds in the downtown area. Officers have observed members in the crowd setting off illegal fireworks and throwing objects near peaceful protestors and officers."

2 hours ago - Technology

Cisco, Sony postpone events amid continued protests

Screenshot: Axios (via YouTube)

Cisco said Monday night that it is postponing the online version of Cisco Live, its major customer event, amid the ongoing protests that have followed the killing of George Floyd.

Why it matters: Cisco joins Sony, Electronic Arts and Google in delaying tech events planned for this week.