Tag: California

Apple pledges $2.5 billion to help California resolve the housing shortage

Marivic Cabural Summers
Apple CEO Tim Cook discusses company's land in San Jose for affordable housing

Apple Inc (NASDAQ: AAPL) announced that it is committing $2.5 billion to help California resolve the housing shortage, which is impacting Californians in many ways. Californians are struggling to find affordable housing. As a result, some are forced to make the difficult decision to leave and move to another state where it is cheaper to rent or buy a home. Others end up living in their vehicles or worse in shelters. On Monday, Apple noted that “nearly 30,000 people left San Francisco between April and June this year and the…

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AB 1313: This new California law eliminates schools’ counterproductive debt collection practices

Marivic Cabural Summers
California State Seal

One of the problems confronting young Americans is their outstanding student loan debt, which oftentimes serves as a hindrance to their success. At present, More than 44 million Americans have outstanding student loan debt totaling over $1.5 trillion. Therefore, the United States has a student debt crisis. California Governor Gavin Newson recently signed into law legislation that would help alleviate the crisis by ensuring students can pursue educational and career opportunities. The state’s newly-approved law, AB 1313, the Educational Debt Collection Practices Act, prohibits private and public postsecondary schools’ existing…

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