Business - Page 3

FASFA’s New Earnings Warning to Students

By Lexx Thornton While the FAFSA focuses on aid, the data collected by the Department of Education (DoE) sends a critical signal: students must scrutinize post-graduation earning potential.  Choosing a school where graduates consistently face high debt relative to low earnings is a financial trap.  The DoE emphasizes the debt-to-earnings ratio, which compares a graduate’s average loan burden to their typical income two to four years post-graduation. If median annual earnings are barely higher than the median student loan balance, the return on investment is insufficient, leading to financial instability.  Before accepting an aid package, be your own financial counselor: 

Democrats Move to Block Trumps $1 Coins from Treasury Department Mint

By Anders Hagstrom Democratic senators are introducing legislation that would block the Treasury Department from minting $1 coins with President Donald Trump’s likeness on them.  Sen. Jeff Merkley, D-Ore., and Catherine Cortez Masto, D-Nev., are set to introduce the legislation on Tuesday, according to a report from Punchbowl News. Dubbed the Change Corruption Act, the bill would prohibit the federal government from minting currency that bears “the likeness of a living or sitting president.”  The Treasury has prominently featured Trump coin designs on its website. The coin would be part of a push to commemorate the 250th anniversary of America’s

Employees Charged with Stealing Over $700K in COVID Unemployment Benefits

Written By Lexx Thornton Eleven additional Los Angeles County employees have been charged with felony grand theft for fraudulently claiming unemployment benefits between 2020 and 2023, despite being employed full-time during that time.  A total of 24 Los Angeles County employees allegedly submitted fraudulent unemployment insurance claims to the California Employment Development Department (EDD) between 2020 and 2023, totaling $741,518, according to the Los Angeles County District Attorney’s Office.  These employees falsely claimed to be unemployed and earning zero income, despite still being employed by the county and earning at least $3,000 a month, which made them ineligible for benefits,

New Florida Law Requires Licensed Health Care Facilities, Providers, and Practitioners to Promptly Refund Patient Overpayments

Written By Lexx Thornton Effective January 1, 2026, a new Florida law (CS/CS/SB 1808) requires licensed health care facilities, providers, and practitioners (each, a “Licensed Provider”) to refund any overpayment made by a patient no later than 30 days after the Licensed Provider determines that the patient made an overpayment.   For Licensed Providers who are licensed by AHCA, a violation of the requirement to timely refund a patient’s overpayment is subject to an administrative fine of up to $500 per violation. Under pre-existing law (section 408.813, Florida Statutes), each day of violation constitutes a separate violation and is subject to

$11M Southwest Airlines Fine Waived By DOT

Written By Lexx Thornton The U.S. Department of Transportation announced it will waive the remaining $11 million in fines Southwest Airlines owed as part of a record $140 million penalty over its operational meltdown during holiday travel in 2022.  “Instead of a payment of an $11 million civil penalty to the government, this order provides Southwest with an $11 million credit for significantly improving its on-time performance and completion factor through its $112.4 million investment in its Network Operations Control (NOC),” the DOT said in an updated order this week.  The DOT said waiving the installment will incentivize airlines to

Ohio CASH Bill Could Bring Back Mandatory Cash Payments

By Rachel Wolf  People in Ohio could soon be shopping like it’s 1999 if legislators pass the Currency Access to Spend Here (CASH) bill, which would require businesses and government offices to accept cash for payments up to $500. The bill would require businesses and government entities to provide at least one point-of-sale location that accepts cash. Additionally, it bans them from charging those using cash for a transaction a higher price than those using other payment methods.  “It’s simple, cash is the basis for business in America. Our taxpayers should always have the ability to use cash in their

Bayou Classic Showcases HBCU Spirit and Rising Entrepreneurs”

Bayou Classic is filling New Orleans with energy and tradition, and before the big band showdown, the spotlight was on rising HBCU entrepreneurs. NEW ORLEANS — Tens of thousands of fans are flooding into New Orleans for Bayou Classic weekend — a celebration known for its rivalry, tradition, and world-class marching bands. But before Southern and Grambling take center field, this year’s events also spotlighted the next generation of HBCU entrepreneurs and the small businesses that thrive during the annual festivities. Students compete in inaugural Bayou Business Bowl Friday morning at the Hyatt Regency, the inaugural Bayou Business Bowl brought

Shonda Rhimes Donates $1.5M to Preserve Emmett Till Barn

Written By Lexx Thornton In a monumental act of philanthropy aimed at preserving one of the most painful yet pivotal sites in American Civil Rights history, television producer and writer Shonda Rhimes has donated $1.5 million to the Emmett Till Interpretive Center (ETIC). This transformative gift enabled the ETIC to successfully purchase and protect the Mississippi barn where 14-year-old Emmett Till was brutally tortured and murdered in 1955.  The acquisition of the barn, located outside of Drew, Mississippi, ensures that this sacred ground will be permanently preserved as a memorial site, preventing it from being exploited by private speculators or

Airbus Cuts 2025 Jet Deliveries but Keeps Profit Outlook

By Dimitri Rhodes and Tim Hepher  Airbus cut its full-year commercial delivery target by 4% to around 790 jets on Wednesday but maintained its financial goals, sending its shares bouncing higher as the European planemaker cleared the air over its latest industrial setback.  The decision to act came a day after CEO Guillaume Faury confirmed “weak” November deliveries due to a fuselage quality problem and told Reuters that Airbus would decide on the impact for the rest of the year “in the hours and days” to come.  Airbus shares rose more than 3%, after falling nearly 7% over the past

Why High Earners Still Drown in Debt—and How to Break Free”

Written By Lexx Thornton It’s often assumed that a high income guarantees financial security. However, a surprising 62% of Americans earning over $300,000 annually struggle with credit card debt. This reveals that financial health is about managing spending, not just the size of the paycheck.   The primary culprits are lifestyle creep and the ease of high-limit credit access:  Lifestyle Creep: As income rises, non-essential spending (e.g., luxury cars, large homes, high-end travel) grows with it, often outpacing earnings. The desire to maintain a high standard of living or “keep up” justifies excessive costs.  The Credit Trap: High earners easily secure

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