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Month: January 2024

Miccosukee-led plan could finally end new oil drilling efforts in the Everglades

Miccosukee-led plan could finally end new oil drilling efforts in the Everglades

Miles below Big Cypress National Preserve, land of elegant cypress trees festooned with air plants, there is oil.

Not a ton of it, but enough to spark a small domestic drilling industry that continues today, decades after the land became the nation’s first national preserve and the federal government bought it all up.

The environmental effects of the drilling, ranging from thousands of gallons of spilled oil to threats to the local water supply, have long prompted buyout offers from the state and federal government.

But a new plan, hatched by the Miccosukee tribe and a nonprofit, might mean the end of future prospecting and drilling on hundreds of thousands of acres of land within Big Cypress, a crucial part of Florida’s Everglades.

The deal, which has been quietly in the works for nearly two years, includes an inked agreement with the politically powerful family that holds all the rights to hunt for oil and gas within the preserve’s boundaries. And this time, the Miccosukee feel like success is in sight. read more

Your student loans could be fully canceled. See if you qualify under the SAVE plan

Your student loans could be fully canceled. See if you qualify under the SAVE plan

Henry Savage | The Philadelphia Inquirer (TNS)

Remember the fuss about student loan payments starting back up, with new repayment programs rolling out to offset the challenges? Well, a new benefit rolling out in February promises some relief: full debt cancellation.

In October 2023, 43 million federal student loan borrowers were required to start repaying their monthly loan bills. It marked over three years since the federal government paused student loan payments as part of economic coronavirus protections. At one point in 2022, the Biden-Harris administration proposed a one-time debt cancellation to cancel up to $20,000 in federal student loan debt for eligible borrowers, but the Supreme Court blocked it in June 2023.

Since then, a federal repayment plan (formerly called REPAYE) was revamped with even stronger protections, like avoiding ballooning interest rates. But, perhaps even more important, it also included a provision that could still cancel student loan debt over time, even immediate cancellation for some. read more

Credit card debt weighing on you? Some small steps can pay off

Credit card debt weighing on you? Some small steps can pay off

By Melissa Lambarena | NerdWallet

Credit card debt is an unfortunate reality for many today. Americans owe over $1 trillion in credit card debt, according to recent data from the Federal Reserve Bank of New York. And with steep interest rates and a high cost of living, the end of the road with debt can seem far away.

If you’ve been attacking debt with little progress, some small strategic steps can potentially shorten the journey.

Here’s what you can do to start digging your way out.

Understand your goals — and get motivated

Get clear on why you want to tackle debt and the opportunities that open up without it, says Gabbi Cerezo, a certified financial planner and accredited financial counselor.

Write down the reason and post it somewhere visible as a daily reminder, she says. It can also help to tape a note to your credit card, too.

Before diving right into the numbers — what you owe, and to whom — Cerezo also recommends looking to social media for inspiration.

“By getting familiar with how other people have overcome the burden of credit card debt and seeing all the methods that there are out there, it starts to become more of a possibility in your mind,” she says. read more