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COMING TODAY! Fourth Stimulus Check Update Today 2021: + Student Loan Forgiveness + Daily News - YouTube
Channel: Ron Yates
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the news is not letting up and neither
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are we all in today's fourth stimulus
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check update and daily news report
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facebook and stocks are out and sheba e
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new coin is in what's the future of
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crypto like and should you be looking
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into getting some coin for yourself the
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student loan forgiveness program just
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got a huge overhaul find out if you're
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any closer to getting those student
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loans wiped out once and for all and the
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best news yet we're getting a debt
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ceiling raise mitch mcconnell finally
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caved in and gave democrats somewhat of
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a small victory how small are we talking
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here and better question what's the real
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deal behind the change in plans my
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stimulus sense is definitely tingling
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here so stay tuned for all of it but
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before everything just want to send a
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quick hi to everybody who's watching
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right now this is the ron yates channel
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we cover all things stimulus stocks us
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economy and making money you name it we
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got it here on our channel and just
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about anything that's about making money
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though sound pretty good then hit the
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subscribe button and tap the
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notification bell the news does not stop
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and neither do i and hey i just want to
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thank you guys for hitting the like
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button already the earlier the better i
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always say and speaking of let's get
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right into the stimulus update already
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made your headline today facebook is
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taking down a peg thanks to
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whistleblower and facebook former
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employee francis haugen now it's
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honestly downright scary now it's
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honestly very scary to things that she's
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revealing about facebook and about mark
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zuckerberg and what they're doing to our
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kids here take a look do you know we've
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talked about particularly children
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teenage girls in
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specifically but what other examples do
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you know about where facebook or
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instagram
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knew its decisions would be harmful uh
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to its users but still proceeded uh with
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the with the uh plan
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and executed those harmful uh
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that harmful behavior
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facebook's internal research is aware
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that there are a variety of problems
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facing children on instagram that are um
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they know that severe harm is happening
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to children for example in the case of
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bullying
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uh facebook knows that instagram
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dramatically changes the experience of
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high school so when we were in high
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school when i was in high school uh most
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kids you looked at me and changed your
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words
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sorry
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um the when i was in high school you
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know or most kids have positive home
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lives like it doesn't matter how bad it
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is at school
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kids can go home and reset for 16 hours
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kids kids who are bullied on instagram
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the bullying follows them home it
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follows them into their bedrooms the
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last thing they see before they go to
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bed at night is someone being cruel to
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them or the first thing they see in the
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morning is someone being cruel to them
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kids are learning that their own friends
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like people who they care about them are
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cruel to them
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like think about how that's going to
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impact their domestic relationships when
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they become 20-somethings or
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30-somethings to believe that people who
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care about you are mean to you
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um facebook knows that parents today
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because they didn't experience these
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things they never experienced this
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addictive experience with a piece of
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technology they give their children bad
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advice they say things like why don't
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you just stop using it
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and so that facebook's own research is
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aware that children express feelings of
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loneliness and struggling with these
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things because they can't even get
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support from their own parents
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i don't understand how facebook can know
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all these things and not
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escalate it to someone like congress for
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help and support in navigating these
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problems and just in case you thought
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adults were safe think again they're
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getting us hooked too guys so let me
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miss halgen just ask you we've learned
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from the information that you've
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provided that facebook conducts what's
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called engagement based ranking
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which you've described is very dangerous
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could you talk more about why engagement
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based ranking is dangerous and do you
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think congress
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should seek to pass legislation like the
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filter bubble transparency act that
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would give users the ability to avoid
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engagement based ranking altogether
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facebook is going to say
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you don't want to give up engagement
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based ranking you're not going to like
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facebook as much if we're not picking
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out the content for you
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that's that's just not true there are a
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lot of facebook likes to present things
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as false choices like you have to choose
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between having lots of spam like let's
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say imagine we ordered our feeds by time
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like on imessage or on um there are
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other forms of social media that are
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chronologically based
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they're going to say you're going to get
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spam you're getting spammed like you're
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not going to enjoy your feed
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the reality is that those experiences
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have a lot of permutations there are
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ways that we can make those experiences
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where computers don't regulate what we
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see
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we together socially regulate what we
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see
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but they don't want us to have that
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conversation because facebook knows that
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when they pick out their the content
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that we focus on using computers we
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spend more time on their platform they
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make more money
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the dangers of engagement based ranking
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are that facebook knows
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that content that elicits an extreme
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reaction from you is more likely to get
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a click a comment or reshare
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and it's interesting because those
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clicks and comments and reshares aren't
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even necessarily for your benefit it's
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because they know that other people will
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produce more content if they get the
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likes and comments and reshares they
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prioritize content in your feed so you
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will give little hints of dopamine to
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your friends so they will create more
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content and they have run experiments on
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people produce their side experiments
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where they have confirmed this
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some other findings to come out from all
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of this instagram made body issues worse
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for one in three teenage girls and the
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platform chose not to share the
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information facebook was also facing a
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lawsuit from some of its shareholders
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over suspicious claims that the company
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made a 5 billion payment to the u.s
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federal trade commission to resolve the
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cambridge analytica data scandal to
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protect zuckerberg this scandal showed
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how facebook helped certain authorities
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manipulate the american people in the
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2016 election the company's own internal
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research showed that it was causing
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conflicts across the world including
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ethnic violence in myanmar and ethiopia
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and if you stack all this up we have a
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very dangerous platform on our hands
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potentially how many of you guys use
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facebook nowadays how about your kids
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let me know what you think about
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facebook down below i ain't gonna lie
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i'm on facebook all day every day but
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drop a quick comment down below but
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let's be safe out there guys especially
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in the deep dark web of the internet now
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aside from that it's also very good to
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take a look at how this is going to
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affect our money because that's after
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all what we're all here for right right
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with all the legal problems plus the six
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hour long outage last monday facebook
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share price fell four point nine percent
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that is their worst drop since their
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five percent fall back in november 2020.
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we're also feeling the heat in the
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general stock market right now the
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nasdaq index which has facebook as one
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of its main money makers it saw a big
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drop of as much as 1.2 percent this week
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maybe that's why some investors are
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switching over to crypto have you guys
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heard of the crypto coin shiba inu it's
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now rocketed to the 20th place among all
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cryptocurrencies after a 216 percent
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increase this past week now of course we
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have the doge father elon musk to thank
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for that elon musk tweeted late sunday
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night about his shibu inu dog floki
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fruck puppy that followed a tweet in
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june that said my shibu inu will be
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named floki and one last month that read
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floki has arrived now for some reason or
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another this drove crypto traders crazy
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pumping them up to put in some major
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coin into shiba inu now with crazy
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returns like 213
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stock market investors are starting to
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look twice into the possibility of
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crypto experts are predicting that
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bitcoin the coin that basically started
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all the crypto is definitely going to go
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places from here on now of course
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bitcoin and crypto in general are both
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still in their very early stages meaning
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we're not sure where they're going yet
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one expert says what i expect from
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bitcoin are ups and downs short term and
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growth long term another one says i
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think it's more likely that bitcoin goes
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to seventy five thousand dollars than
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twenty five thousand dollars so who
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should we really believe here really the
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best person to trust here is yourself i
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always say invest with caution and
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definitely look into whatever you're
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buying before you buy it of course
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experts recommend keeping your crypto
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investments to less than five percent of
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your portfolio to begin with here's an
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interesting take on the whole thing here
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i'll just let this one speak for itself
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guys you should watch out for our stock
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market update video coming soon we'll
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talk more about the stock market crash
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and what you can do to take advantage of
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it subscribe to the channel now and hit
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that notification bell already that way
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you don't miss it now for some good old
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stimulus news first off the student loan
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forgiveness program just got a huge
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overhaul that'll hopefully give half a
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million people a better chance at
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getting their student loan debt wiped
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out says here the u.s department of
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education on wednesday began to change
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its public service loan forgiveness
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program in a makeover it says will
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result in 22 000 borrowers being
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relieved of having to pay off their
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loans totaling 1.74 billion dollars over
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the course of a year another 27 000
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borrowers could see their loans totaling
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2.82 billion dollars become eligible for
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forgiveness on the twitter page of u.s
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department of education it says today
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edie announced an overhaul to the public
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loan forgiveness program very cool to
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see that for anyone who's got student
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loans right now it says here pslf began
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in 2007 with the goal of rewarding those
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students who work in public service
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sectors including local and federal
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government agencies and non-profit 501c3
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organizations borrowers can submit their
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loans for forgiveness to the department
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of education after making 120 qualifying
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payments which is the equivalent of 10
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years of monthly payments however since
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2008 people who have submitted have had
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their requests denied at a rate of 98.8
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this is ridiculous now they're making
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all these changes to make it easier to
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qualify and actually get approved for
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your student loan forgiveness through
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their program like giving out waivers
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counting military years of service and a
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simpler app process all good stuff now
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overall the department of education is
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estimating that more than 550 000
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borrowers who've previously consolidated
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loans will see two years added to their
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progress toward having their loans
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actually forgiven now if you don't quite
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qualify here there are some other
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options that you can consider such as
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student loan refinancing getting a lower
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interest rate plus monthly payments
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there's also income driven repayment
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plans in order to get a lower monthly
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payment now of course we're still
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crossing our fingers for that fifty
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thousand dollar major student loan
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forgiveness signed off by president
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biden there's also the house resolution
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to end poverty from house
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representatives prominent jayapal and
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barbara lee now this includes cancelling
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all unpayable debt that covers student
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loans along with mortgages and rent that
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was due during the pandemic as well as
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stimulus checks via cash assistance
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programs a minimum wage increase
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expanded unemployment insurance
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affordable and public housing and free
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education that's a long laundry list of
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stuff there look forward to more updates
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on that in my future videos have you
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guys checked out our student loan
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forgiveness playlist on our channel yet
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you can check that out on our playlist
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section right after this video and don't
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forget to share this video with your
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friends and your loved ones who are
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still paying off their student loans
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right now just one click of that share
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button could definitely help those guys
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out now if student loans are not a
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problem for you then good for you we
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also have some other seamless good news
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senate minority leader mitch mcconnell
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just caved and they're giving us a debt
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ceiling increase finally just shortly
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before they were going to vote on it
[663]
last wednesday mitch mcconnell came the
[665]
schumer and the democrats with an offer
[667]
to raise the debt limit for two months a
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lot of lawmakers are breathing a sigh of
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relief here senator tammy baldwin said
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in terms of a temporary lifting of the
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debt ceiling we view that as a victory a
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temporary victory with more work to do
[679]
senator elizabeth warren said mcconnell
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caved and now we're going to spend our
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time doing child care health care and
[686]
fighting climate change republican
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senator lisa murkowski celebrated saying
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it was going to give us a way out of the
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woods which is what we want overall this
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gives democrats something that they want
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a way to avoid using the time-consuming
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and cumbersome budget reconciliation
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process to extend the nation's borrowing
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authority but it will also require
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democrats to say that they are raising
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the debt limit by a specific dollar
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amount something that republicans will
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undoubtedly use in campaign ads next
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year and it sets up another debt ceiling
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fight after thanksgiving so this is
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totally temporary but at least we can
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kind of move forward a little bit now
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the question is the number that they're
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going to settle with republicans had
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offered around 300 billion dollars as
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the increase while democrats were
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pushing for a larger number we're
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definitely going to look into this some
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more later this week so definitely stay
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tuned guys very exciting stuff here more
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exciting is what's not being said here
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which is the possibility of more
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stimulus thanks to talk of abolishing
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the filibuster some are saying mitch
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mcconnell cave because democrats are
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considering removing the filibuster
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altogether this is the rule that
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requires 60 votes to break the
[747]
filibuster and pass a bill democrats had
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also begun discussing a possible carve
[752]
out from the senate filibuster to raise
[754]
the debt ceiling and get around
[755]
republicans maybe when he heard that
[757]
mcconnell realized the potential power
[759]
that this could actually give to
[760]
democrats to pass more stimulus for the
[762]
people including possibly a fourth
[765]
stimulus check in fact some are saying
[767]
that this whole debt ceiling issue is
[768]
giving democrats ammunition against the
[771]
filibuster president biden gave people
[772]
hope on the idea that he told reporters
[775]
at the white house that it was a real
[777]
possibility that democrats could create
[779]
an exception to the rule and allow the
[781]
debt ceiling to be raised with a simple
[783]
majority his exact words were it's not
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right and it's dangerous blocking the
[788]
debt legislation through a filibuster
[789]
let's keep an eye on this one guys now
[791]
another item on our stimulus watch list
[793]
the reconciliation package that the
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democrats are teeing up senate budget
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chair and our stimulus hero bernie
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sanders is really getting tired of
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talking about moderate senators joe
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manchin and kirsten cinema gumming up
[804]
the works he called them out this week
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and said that they should be more
[807]
specific about what they want in a fight
[809]
over a sweeping social spending plan but
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here's a clip senator manchin has been
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extremely critical of the three and a
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half trillion dollar proposal that
[818]
many of us
[820]
support in fact nine out of 11 members
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of the budget committee support
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but the time is long overdue for him to
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tell us with specificity
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not generalities but beyond generalities
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with specificity
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what he wants
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and what he does not want and to explain
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that to the people of west virginia and
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america look it's um it's very easy to
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use
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vague phraseology and even even when you
[847]
talk about one and a half trillion as i
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understand it
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senator manchin says he believes
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in medicare negotiating prescription
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drugs okay good great
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in the house bill
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that will save us
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700 billion dollars
[864]
now senator manchin says that he only
[866]
wants to spend 1.5 trillion is that in
[870]
addition
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to the 700 which would ready to take you
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up to 2.2 i don't know the answer
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he also made a very similar demand to
[877]
cinema he said senator cinema's position
[880]
is that she does not negotiate publicly
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i don't know what that means don't know
[884]
where she's coming from he added that he
[885]
would make the same requests of cinema
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if he's making that of mansion tell us
[889]
what you want he went on to mention all
[891]
of the good stimulus that he could be
[892]
talking about here paid leaves tax
[895]
credits medicare expansion the senator
[897]
manchin really believe that seniors are
[899]
not entitled to digest their food and
[901]
they're not entitled to hear and see
[903]
properly is that really too much to ask
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sanders also makes a little bit of sense
[907]
here when he points out how come these
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two people are dictating the terms when
[910]
all other 48 lawmakers are already set
[913]
on it it's wrong it's really not playing
[915]
fair that one or two people think that
[916]
they should be able to stop what 48
[918]
members of the democratic caucus wants
[920]
what the american people want what the
[922]
president of the united states wants two
[924]
people do not have a right to sabotage
[926]
what 48 want what do you think guys
[928]
should we be seeing stimulus already at
[930]
this point i definitely think so drop us
[932]
a comment down below if you think so too
[934]
more seamless news coming up in future
[935]
updates that was your fourth stimulus
[937]
check update and news report facebook
[939]
and stocks are out and sheba e new coin
[941]
is in we cover the future of crypto the
[944]
major student loan forgiveness program
[946]
overhaul and best news yet a debt
[948]
ceiling raise mitch mcconnell caving and
[950]
the possibility of more stimulus to come
[952]
let me know if you have other siblings
[953]
programs that you want us to cover here
[955]
on our channel i'm all ears guys drop
[957]
your comments and your questions down
[958]
below but before i go i just want to say
[960]
thank you guys again for dropping by and
[962]
hitting that like button appreciate the
[963]
love and i'll see you guys on the next
[964]
one take care
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