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

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

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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