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The Biden administration will forgive $6.1 billion in debt of art students

The U.S. Government announced on Wednesday that it will forgive more than 6.1 billion dollars in debt of about 317,000 students of the Art Institute, a large network of private schools spread throughout the country that had to close due to several crises.

The announcement of the Department of Education indicated that the benefit will be for students who enrolled in any of the headquarters of the Institute of Art between January 1, 2004 and October 16, 2017, just before the network of design schools lost its accreditation and began their problems to maintain its activity, which ceased in 2023.

“The Department determined that that institute and the owning company Education Management Corporation made false statements to potential students about employment possibilities, salaries and services in that period,” the statement said.

In October 2017, the company sold the remaining headquarters and all the still existing properties of the Art Institute, under a different owner, ceased operations in September 2023.

“For more than a decade, hundreds of thousands of hopeful students took loans to attend the Institute of Art and received little in return,” said the Secretary of Education, Miguel Carmona.

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“We have to continue protecting borrowers from predatory institutions, and work for an education system that is affordable for students and taxpayers who pay taxes,” the official added.

Today’s announcement comes when the presidential election is less than 29 weeks away and Joe Biden’s government faces a wave of protests in universities against the support that the United States gives to Israel in its war in Gaza.

In June 2023, in a decision supported by the six conservative magistrates, the Supreme Court of Justice ruled that Biden’s Executive had exceeded his powers with a plan for the cancellation of about $400 billion in student debt.

That plan would have benefited more than 43 million people, according to the Government’s calculations. Since then, Biden has approved measures that have been canceling or reducing the debts of different segments of the indebted population.

Through adjustments in debt relief programs, the Department of Education has eliminated debts for a total of almost 160 billion dollars incurred in the university education of 4.6 million people, according to the official statement.

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International

Trump criticizes Panama Canal fees and demands U.S. control over strategic waterway

U.S. President-elect Donald Trump criticized what he described as unfair fees imposed on American ships passing through the Panama Canal and threatened to demand that Washington take back control of the strategic waterway.

“Our Navy and commerce have been threatened in a very unjust and reckless way. The rates that Panama charges are ridiculous,” Trump wrote on his Truth Social platform.

The president-elect also denounced the growing influence of China in the canal, a situation he called concerning as U.S. businesses depend on the waterway to transport goods between the Atlantic and Pacific Oceans.

“This complete scam against our country will end immediately,” he stated.

The Panama Canal, completed by the United States in 1914, was handed over to Panama under the 1977 treaty signed by Democratic President Jimmy Carter. Panama took full control of the commercial passage in 1999.

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“It was exclusively for Panama to manage, not China or anyone else,” Trump said. “We would never allow it to fall into the wrong hands!”

“If Panama cannot guarantee a ‘safe, efficient, and reliable’ operation of the canal, we will demand that the Panama Canal be returned to us in its entirety, without a doubt,” the Republican added.

Panamanian authorities did not immediately respond to Trump’s statements. While he will assume office on January 20, Trump has been exerting his political influence in the final days of President Joe Biden’s administration.

Five percent of global maritime trade passes through the Panama Canal, which allows vessels traveling from Asia to the U.S. East Coast to avoid the long and dangerous route around the southern tip of South America.

The countries that use the Panama Canal the most are the United States, China, Japan, and South Korea.

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In October, the Panama Canal Authority reported earnings of nearly $5 billion in the last fiscal year.

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International

Putin vows retaliation following drone attack on luxury building in Kazan

Russian President Vladimir Putin promised more “destruction” in Ukraine on Sunday, in response to a drone strike that hit a residential building in the city of Kazan, located in central Russia, on Saturday.

Russia accused Ukraine of launching a “massive” drone attack, which struck a luxury apartment block in Kazan, about 1,000 kilometers from the border.

Videos shared on Russian social media show drones hitting a high-rise glass building. No casualties have been reported as a result of the attack.

In his statements, Putin addressed the local leader of Tatarstan, the region where Kazan is located, during a virtual ceremony marking the opening of a road.

The attack in Kazan is the latest in a series of increasingly frequent bombings in this nearly three-year-old conflict. Ukraine has not commented on the attack.

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Putin had previously threatened to strike the center of Kyiv with a hypersonic ballistic missile in response to Ukrainian attacks on Russian territory.

The Russian Ministry of Defense stated that the recent Russian strikes on Ukrainian energy facilities were retaliation for Ukraine’s use of Western-supplied missiles to target Russian territory.

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International

Small plane crashes in Gramado, Brazil, killing nine people

At least nine people were killed on Sunday after a small aircraft crashed in a commercial area of the tourist city of Gramado, in the southern Brazilian state of Rio Grande do Sul, authorities confirmed.

“There are nine confirmed deaths according to Civil Defense services, and there are no survivors from the plane,” said Cléber dos Santos Lima, director of the Interior Police Department of the Civil Police of the state, in a statement to AFP.

Authorities have not yet confirmed the exact number of passengers and crew aboard the aircraft, a turbo-prop Piper Cheyenne 400. However, Civil Defense had previously stated that “preliminarily, the plane was carrying ten people.”

The plane crashed on Sunday morning “into the chimney of a building, then onto the second floor of a house, and finally fell onto a furniture store,” according to a statement from the Rio Grande do Sul Public Security Secretariat.

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