*President Joe Biden plans to cancel a minimum of $10,000 for student borrowers, as this debt crisis has disproportionately impacted Black borrowers, saddling them with the most student loan debt.
However, Robert F. Smith, America’s wealthiest Black man, isn’t waiting on the federal government to address the debt crisis among Black graduates.
LOS ANGELES — The quarterly UCLA Anderson Forecast anticipates positive economic news on the horizon.
After the COVID-19 pandemic reached the U.S., the Anderson Forecast’s March report was followed by two downward revisions, and the June and September releases charted the pandemic’s impact on the California and national economies. The December forecast offers hope of a robust recovery from the current recession, based on the assumption that mass vaccinations would clear a path toward a new, productive normalcy for many industries.