The Show Notes: Student Loan Bailouts, Ron DeSantis Candidates, & A ‘Tsunami of Shutoffs'
Welcome! Joe Biden is expected to announce a $10,000 student loan forgiveness program today.
The bill will cost Americans $300 billion according to Penn Wharton Budget Model.
The cost per taxpayer will be about $2,000.
Here’s what Nancy Pelosi said about the idea just last year:
Best takes:
More of this:
Here’s the fastest election day summary on the net: ✅ Nadler, ✅ Maloney, ✅ Crist, ✅ Ryan. Go deeper with CNN.
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Big Win For Ron DeSantis
Florida Governor Ron DeSantis endorsed 30 candidates for school boards across the state in yesterday’s election. A shocking 25 of the DeSantis-backed candidates won including three in Sarasota County that flipped the local board in favor of conservatives. Charlie Crist won the Democratic nomination to take on DeSantis in the fall.
Fun fact: Florida’s GOP agriculture commissioner primary had more votes than the Democratic primary for governor.
California to Ban the Sale of New Gasoline Cars
In a shocking move that is expected to be announced on Thursday, California is preparing to ban the sale of gas-powered cars. The California Air Resources Board will require all new cars sold in the state by 2035 to be free of fossil fuel emissions. Full paid story: The New York Times. Full free story: DSYRN
A ‘Tsunami of Shutoffs’: 20 Million US Homes Are Behind on Energy Bills
This is from Bloomberg: (paywall)
“The Nice household is one of some 20 million across the country—about 1 in 6 American homes—that have fallen behind on their utility bills. It is, according to the National Energy Assistance Directors Association (Neada), the worst crisis the group has ever documented. Underpinning those numbers is a blistering surge in electricity prices, propelled by the soaring cost of natural gas.”
Your Car‘s Subscription
Automakers are beginning to force owners to buy a subscription to access all of their vehicle’s features. BMW is charging owners of new vehicles $18/month to access the heated seat feature. Here’s more from The New York Post:
“But it’s not just BMW: industry watchers and consumer advocates warn that the nickel-and-diming threatens to become standard as automakers chase a recurring revenue model pioneered by Elon Musk’s Tesla.
General Motors recently started requiring buyers of Buick, GMC, and Cadillac Escalade vehicles to pay $1,500 for the mandatory “option” of buying three years of OnStar service, which includes features like voice control and the ability to unlock vehicles from a mobile app. OnStar had previously been optional since GM introduced it in 1996.
Toyota, meanwhile, started charging $8 a month to remotely start vehicles using a key fob — a feature that had previously been free. Volkswagen, Porsche and Audi lately have explored similar subscriptions.”
The rest of the news:
Despite ‘concerning’ transgender study, UW kept quiet because of positive coverage - MyNorthWest
Watch: CNN Tells Viewers Monkeypox Is Not Sexually-Transmitted - ZeroHedge
Home prices fell for the first time in 3 years last month – and it was the biggest decline since 2011 - CNBC
24% of Alabama students cancel college plans because of COVID, report ss - AL
Is CNN’s Pivot to the Center a Smart Business Move or the Dumbest Idea Ever? - The Wrap
U.S. airstrikes target militia-controlled areas in east Syria - Politico
Census Errors Hurt Red States, Helped Blue States - NewsBusters
Judge in Texas blocks Biden administration emergency abortion guidance - NBC
Joe Manchin is the least popular figure in latest NBC News poll - NBC
Rep. Marjorie Taylor Greene says she was ‘swatted’ last night - NY Post
Tiny Homes for Las Vegas Homeless Demolished Over Code Violations - Reason
Tweets that caught my eye: