Mon Best Of http://monbestof.com/ Wed, 28 Sep 2022 18:24:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://monbestof.com/wp-content/uploads/2021/04/cropped-pp-32x32.png Mon Best Of http://monbestof.com/ 32 32 L’emprunteur poursuit pour arrêter le renflouement injuste et illégal du prêt étudiant de Biden https://monbestof.com/lemprunteur-poursuit-pour-arreter-le-renflouement-injuste-et-illegal-du-pret-etudiant-de-biden/ Wed, 28 Sep 2022 18:24:00 +0000 https://monbestof.com/lemprunteur-poursuit-pour-arreter-le-renflouement-injuste-et-illegal-du-pret-etudiant-de-biden/

PL’argument juridique le plus courant contre le plan de sauvetage des prêts étudiants de l’administration Biden est probablement que le ministère fédéral de l’Éducation n’a tout simplement pas le pouvoir de l’accomplir.

C’est un argument central dans un nouveau
procès
déposée par la Pacific Legal Foundation au nom d’un employé dont la dette étudiante est touchée par le plan de sauvetage.

Mis à part les questions d’injustice, les arguments juridiques ont toujours été convaincants. Le défi a été de trouver un plaignant qui subira une blessure légalement reconnue nécessaire pour entrer en cour.

La Pacific Legal Foundation a trouvé tout un groupe de plaignants.

Le client de l’organisation, Frank Garrison, a remboursé sa dette d’études grâce à la remise des prêts de la fonction publique, un programme qui annulera sa dette restante après avoir effectué 120 paiements éligibles. Il est à peu près à mi-chemin. Il utilise également le programme de remboursement en fonction du revenu, qui plafonne son paiement mensuel en fonction de son revenu discrétionnaire.

Divers problèmes avec
ces programmes fédéraux
et
remise de dette en général
ont été décrites
autre part
mais ici, ces programmes signifient que Garrison aurait vu son solde de prêt annulé après environ 60 mois supplémentaires, avec des paiements modestes en cours de route.

Désormais, le renflouement du prêt annulerait automatiquement 20 000 $ de la dette de Garrison, le soumettant à l’impôt sur le revenu de l’Indiana, tout en ne faisant rien pour améliorer son paiement mensuel en raison de sa participation au remboursement basé sur le revenu. Il devra environ 1 000 $ à l’Indiana simplement parce que le ministère américain de l’Éducation modifie les règles.

Étant donné que plusieurs États traitent la remise de prêt de la même manière, il y a des gens dans tous ces États dans le même bateau. Il y a probablement beaucoup d’emprunteurs, parmi les 8 millions d’emprunteurs éligibles au programme de remise de prêt de la fonction publique à l’échelle nationale, qui utilisent également le programme de remboursement basé sur le revenu dans ces États.

C’est suffisant pour que Garrison et les autres se présentent au tribunal. Le point clé de la loi HEROES est que les emprunteurs «ne sont pas placés dans une situation financière plus défavorable» par rapport à leurs prêts étudiants en raison d’une guerre ou d’une autre urgence nationale, mais le ministère de l’Éducation cause, et non répare, un préjudice économique aux personnes. comme Garnison.

Cela signifie que plusieurs arguments supplémentaires sont également présentés au tribunal :

  • La loi HEROES, sur laquelle le ministère de l’Éducation s’appuie pour le renflouement, viole le principe constitutionnel de séparation des pouvoirs, ainsi que la doctrine de non-délégation. Cela signifie que le Congrès ne peut pas céder son pouvoir législatif à l’exécutif. La loi vise à donner au secrétaire à l’éducation le pouvoir de modifier ou d’amender la loi concernant les exigences de remboursement, sous réserve uniquement des conditions énoncées dans le reste de la loi HEROES, en violation de ces principes constitutionnels fondamentaux.
  • Même si la loi HEROES était constitutionnelle, elle ne donne pas au ministère de l’Éducation le pouvoir d’annuler le remboursement des prêts étudiants dans ce cas. D’une part, la loi HEROES exige que l’annulation soit «nécessaire» et ciblée sur un préjudice économique qui est «un résultat direct d’une… urgence nationale». Mais ce n’est pas. Les emprunteurs étudiants ne sont pas, selon le demandeur (citant la loi), “directement des” personnes concernées “qui” ont subi des difficultés économiques directes en conséquence directe d’une guerre ou d’une autre opération militaire ou d’une urgence nationale “. Et l’annulation massive de les dettes ne sont “pas “nécessaires” pour atténuer les dommages économiques de la pandémie”.
  • La décision radicale du ministère de l’Éducation inclut de nombreuses personnes qui ne sont pas plus mal loties à cause de la pandémie (et probablement beaucoup qui sont mieux loties, selon les entreprises pour lesquelles elles travaillent). Et pour ceux qui sont moins bien lotis aujourd’hui que lorsque l’urgence pandémique a été déclarée il y a des années, ils ne sont peut-être pas plus mal lotis «par rapport à leurs prêts étudiants fédéraux» ou en raison de la pandémie en premier lieu.
  • Même si la loi HEROES n’était pas seulement constitutionnelle mais aussi capable d’attirer une telle variété d’emprunteurs, l’annulation est si importante sur le plan économique et politique qu’elle viole la «doctrine des questions majeures». La Cour suprême des États-Unis a récemment utilisé cette doctrine dans, par exemple, West Virginia v. EPA, qui a empêché l’Environmental Protection Agency de découvrir (à tort) un énorme pouvoir réglementaire dans une partie accessoire du droit de l’environnement.

Le ministère de l’Éducation fait la même erreur ici.

“La
doctrine des grandes questions,
» note le plaignant, « nécessite une autorisation claire du Congrès d’une telle action économiquement et politiquement significative, ce qui fait ici défaut. … Sans source d’autorité valable, le secrétaire [of Education] ‘littéralement n’a pas le pouvoir d’agir’ » (citant un cas différent).

Le Congrès n’a donné aucune idée que des centaines de milliards de dollars dans un renflouement massif des prêts étaient dans la loi HEROES, car ce n’est pas le cas.

Globalement, la loi HEROES n’a jamais été conçue pour une annulation massive de l’obligation de rembourser les prêts étudiants. En outre, les seuils de revenu du plan de sauvetage, ses montants de secours sans lien avec l’urgence pandémique et sa disposition arbitraire de doubler le montant de secours si l’emprunteur avait déjà reçu une subvention Pell (il y a même des décennies), comme je l’ai
écrit ailleurs
montrent en outre l’abus de pouvoir du ministère de l’Éducation – s’il a été correctement délégué un tel pouvoir en premier lieu.

Cet article est initialement paru dans le Signal quotidien et est reproduit avec l’aimable autorisation de la Heritage Foundation.

]]>
Gilt yields plunge after Bank of England steps in to buy at ‘any scale necessary’ https://monbestof.com/gilt-yields-plunge-after-bank-of-england-steps-in-to-buy-at-any-scale-necessary/ Wed, 28 Sep 2022 13:53:00 +0000 https://monbestof.com/gilt-yields-plunge-after-bank-of-england-steps-in-to-buy-at-any-scale-necessary/

By Jamie Chisholm

Yields on UK gilts fell to their highest level in 14 years after the Bank of England said it would buy bonds on “any scale necessary” to restore orderly market conditions.

The yield on the benchmark 10-year gilt, which moves in the opposite direction to prices, fell 49 basis points to 4.03%, after falling below 4% at one point.

Earlier on Wednesday, the yield had risen to 4.6%, up more than 120 basis points in just four trading days, as investors dumped government bonds in response to what they saw as a budget dangerously prodigal of the new chancellor Kwasi Kwarteng.

Kwarteng’s proposal for £45billion in debt-financed tax cuts at a time when inflation was at a nearly 40-year high of 9.9% has been lambasted by the International Monetary Fund.

After further selling on Wednesday, which took the 30-year gilt yield above 5% for the first time in decades, the Bank of England stepped in to calm markets. The 30-year yield slipped 108 basis points to 3.91%, bringing it back below the level before Kwarteng announced the tax cuts.

“The Bank is monitoring financial market developments very closely in light of the significant revaluation of UK and global financial assets,” the BoE said in a statement.

“This revaluation has become more significant over the past day – and it particularly affects UK long-term government debt… In line with its objective of financial stability, the Bank of England stands ready to restore market functioning and reduce the risks of contagion to credit conditions for UK households and businesses,” he added.

Reports emerged on Wednesday that recent sharp declines in gilts and the pound had left some British pension funds facing margin calls of up to £100 million ($107 million) each. In addition, a number of UK banks suspended mortgage offers after bond market volatility left them struggling to price home loans.

The BoE said it would buy long-term UK government bonds to restore order and “purchases will be made on the scale necessary to achieve that result.” It was suspending its planned gilt sales as part of its quantitative tightening program.

“The decision to intervene in the gilt market reveals that the BoE has no intention of raising the discount rate to the level of 6% currently set by the markets,” said Samuel Tombs, economist British Chief at Pantheon Macroeconomics.

“Short rates at this level would mean that many households and businesses would simply not be able to maintain their monthly loan repayments, and pension funds would be unable to meet their obligations, threatening financial stability,” he said. -he adds.

The 2-year Treasury yield fell 34 basis points to 4.27%, even though the central bank is not buying short-term securities.

The Treasury said it had “fully compensated” the BoE’s decision and stressed that although the Chancellor of the Exchequer “is committed to the independence of the Bank of England… The government will continue to work closely with the Bank to support its financial stability and inflation.” Goals.”

“Remarkable, necessary and deeply disturbing”

Krishna Guha, strategist at Evercore ISI, said the BoE’s decision to postpone QT before it starts and launch a new QE program “is remarkable, necessary and deeply worrying.”

“Remarkable because it lays bare the seriousness of the risks to financial stability that are emerging with the unchecked bond market backlash against the UK’s reckless fiscal plans. Necessary because it is the central bank’s job to ensure the market functioning in the central systemically important government debt market, and is proving effective in early trading,” he said.

“Deeply worrying as it leaves past QT plans in disarray, has an uncertain exit and will raise further concerns about the central bank’s independence in carrying out its monetary responsibilities,” Guha added.

The pound initially rebounded but was trading at $1.0683 “We expect the pound to bear the brunt of any further deterioration in foreign investors’ willingness to lend to the UK; the MPC will let it slide to reluctantly,” Pantheon’s Tombs said.

The FTSE 100 rallied on the news but remained down 0.6% on the day. Insurers including Aviva and Legal & General suffered heavy losses.

US stocks opened higher, with the S&P 500 up 0.3% in early trading.

— Steve Goldstein contributed to this report

-Jamie Chisholm

 

(END) Dow Jones Newswire

09-28-22 0953ET

Copyright (c) 2022 Dow Jones & Company, Inc.

]]>
DND Fantasy Football Movie Theater | News, Sports, Jobs https://monbestof.com/dnd-fantasy-football-movie-theater-news-sports-jobs/ Wed, 28 Sep 2022 05:47:42 +0000 https://monbestof.com/dnd-fantasy-football-movie-theater-news-sports-jobs/

Although barely in Week 3 of the MDN Fantasy Football League, Employee of the Year (1-2) pulled off a move this weekend that will alter not just his foreseeable fate, but the rest of his life: his first win of the season.

Organizing a masterclass in multitasking, he also took the time to get married.

Getting balanced production from his starters, Joe Burrow led the team for Employee of the Year in scoring 23 points as his team posted a total of 115.30 points.

Undefeated through the first two weeks of play, The J2XPerience (2-1) decided to generously forego traditional wedding gifts of tableware and appliances and award Employee of the Year the kind of gift that one person just can’t put a price tag on by offering a meager team total of 78.36 points to take their first loss of the season.

Rainbow’s Rad Team (2-1) also recorded their first loss of the year, as they ran into a buzzsaw in the form of LundZilla (2-1).

Led by a stellar 40.42 performance by Raven quarterback Lamar Jackson, LundZilla scored below his 138.45 PPG average in the game, while posting 121.62 points in the win.

A 27.6-point effort from Jalen Hurts wasn’t enough for Rainbow’s Rad team as the rest of the team fell short in the contest, leading to the 121.62-97.30 scuffle.

Still looking for their first win of the season, THE Chicago Bears (0-3) extend their slide into the abyss of fantasy after surgically dismantling Mr. Seal Your Girl (2-1) in a 113.60-92.58 battle .

Perfectly demonstrating the lopsided matchups in this game, the fact that Mr. Seal quarterback Josh Allen scored almost as many points (26.7) on his own as the Chicago Bears’ top two scorers in the team combined (Ezekiel Elliott and Davante Adams, 28.7).

Moving to 2-1 on the season, FoodsLibrarys would claim a 119.88-93.04 victory over MSP Dream Team, taking them down to 1-2 on the year.

Running backs powered the FoodsLibrarys offense, with Derrick Henry (25.3) and Saquon Barkley (22.6) combining for just under half of the team’s total points.

Conversely, wide receivers wouldn’t get the MSP Dream Team win no matter how hard they tried, as CeeDee Lamb (22.7) and Tee Higgins (14.3) led the team in production.

Finally, in the biggest blowout of the week, Fightin’ Insurrectionists (2-1) beat Light the Lamp (1-2) 115.06-77.14 for a nearly 40-point win.

Receiving yards would pave the way for victory for the Fightin’ Insurrectionists, as Mark Andrews, Cooper Kupp, Diontae Johnson and Drake London led the team in scoring with a combined 76.1 points.

Lackluster production from the generally reliable Tom Brady (14.74) and Austin Eckler (13.3) contributed heavily to Light the Lamp’s loss, while Bengals kicker Evan McPherson added 10 points on the board for the team.



Today’s breaking news and more to your inbox






]]>
High R&D is not necessarily the reason drugs are so expensive https://monbestof.com/high-rd-is-not-necessarily-the-reason-drugs-are-so-expensive/ Tue, 27 Sep 2022 16:49:28 +0000 https://monbestof.com/high-rd-is-not-necessarily-the-reason-drugs-are-so-expensive/

In the first known study of its kind, an international team of researchers assessed whether high research and development (R&D) costs explain high drug prices in the United States.

“There is a presumption that high R&D costs justify high drug prices. If this were true, then we would see a positive association between the two measures,” said first author Olivier Wouters, PhD, assistant professor at the London School of Economics and Political Sciences.

But in a published article in Open JAMA NetworkWouters, in collaboration with colleagues at the Skaggs School of Pharmacy and Pharmaceutical Sciences at the University of California, San Diego, found no such association for 60 new drugs approved by the United States Food and Drug Administration. from 2009 to 2018.

The researchers compared data on R&D costs with drug prices. They found no relationship between what pharmaceutical companies spend on R&D and what they charge for new drugs. The authors also assessed whether a product’s therapeutic value was associated with its price, but found no association there either.

“Our results prove that pharmaceutical companies do not set prices based on their R&D expenditures or the quality of a drug. Instead, they charge what the market will bear,” said lead author Inmaculada Hernandez, PharmD, PhD, associate professor at the Skaggs School of Pharmacy and Pharmaceutical Sciences.

The pharmaceutical industry spent $83 billion on R&D in 2019, according to the Congressional Budget Office. It is estimated that companies spend between 1 and 3 billion dollars on average to bring a new product to market. In 2019, the US drug market generated more than $490 billion in revenue, accounting for nearly half of the global pharmaceutical market, according to database firm Statista.

Americans are spending more on prescription drugs per inhabitant than citizens of any other country. In 2019, that was over $1,200 per person. A 2021 Rand Corporation study found that drug prices in the United States were 2.56 times higher than those in 32 comparable countries. A Kaiser Family Foundation health tracking poll released earlier this year found that eight in 10 adults said the cost of prescribed drugs was unreasonable.

Congressional lawmakers have introduced numerous proposals in recent years aimed at putting downward pressure on drug prices. Pharmaceutical companies and trade groups have opposed these reforms, arguing that high drug prices are needed to recoup R&D investments.

“If this argument is…used to justify high prices and oppose measures to reduce prescription drug costs, pharmaceutical companies should provide additional data to support their claims that high drug prices are needed to recoup R&D investments,” Hernandez said.

– This press release originally appeared on the University of California – San Diego website

]]>
Miller’s Sub-70 first round puts Buffs second at Red Sky https://monbestof.com/millers-sub-70-first-round-puts-buffs-second-at-red-sky/ Tue, 27 Sep 2022 03:29:30 +0000 https://monbestof.com/millers-sub-70-first-round-puts-buffs-second-at-red-sky/

WOLCOTT, Col. – Freshman at the University of Colorado Morgan Miller had struck his woods and his irons well all autumn.

On Monday, his putter joined the party.

Miller fired Colorado’s first round in the ’60s in the young fall season, leading the Buffaloes to a tie for second after the first round of the Golfweek Red Sky Classic at Red Sky Golf Club on Monday.

Miller got off to a slow start and recorded seven birdies in an 11-hole streak to finish at 3-under par, 69, and is in fourth place after 18 holes. Pepperdine’s Lauren Gomez is the first-round leader at 5 under, 67. Washington State’s Darcy Habgood and Mercer’s Tracy Rodriguez are tied for second at 4 under, 68.

“(Morgan) threw his putter,” the Colorado head coach said. Anne-Kelly said. “We’ve started to putt a few times. She hits the ball well, but just doesn’t take advantage of birdie opportunities. She started doing that today.”

The Buffaloes finished at 1 under, 287 on the day on the 6,367-yard, par 72 course, tying Fresno State and just two strokes off the lead. Pepperdine is the leader after the first round with a 3 under, 285. Xavier is third, one stroke behind Colorado and Fresno State while Kennesaw State, Delaware and Mercer are tied for fifth at 289.

All in all, Colorado has had a roller coaster ride. The Buffaloes started slow, but behind Miller they held the lead at the 3-under turn. Colorado stumbled on the first holes of the back nine, playing No. 10-14 at 7-over collectively to drop back into the pack. But the Buffaloes rallied, playing the last four holes at 6 under to get back in the running.

“Everyone showed a lot of heart and fighting today,” Kelly said. “No 10 is a difficult par 3, 11 is not easy and 12 had a very difficult hole location. But we can improve there. We talked a bit after the round and hopefully that we’ll find a way to play these holes a little bit better.”

Miller struggled early, finding himself 3 on the first five holes, but a birdie at No. 6 par 4 from 359 yards started his impressive run in the red. After a par at No. 7, she birdied the next three, including back-to-back par 3s at No. 9 and 10 to get back to 1 under.

“The practice rounds yesterday I was really feeling the greens. I knew it would be a good course for me. It took a few holes today to start but when I emptied one on (par 4 ) six, it was really just started to roll well My speed was great all day and matched my line.

Miller’s only hiccup on the back nine was a par-4 bogey from 372 yards at No. 14. She rebounded well with back-to-back birdies at Nos. 15 and 16 for her under-70 collegiate first round.

“Coach pulled me aside (before) No. 6 and just said ‘we’re starting over from here, it doesn’t matter if it’s in the past,'” Miller said. “So I just had to think about the team rather than myself. That’s what helped my mentality a lot, it was more about doing it for the team.”

Transfer graduate Haylin Harris made his Colorado debut in style with a 2-under, 70. Harris, who joined the Michigan State Buffaloes, shot 3-under the back nine with birdies at Nos. 12, 15 and 17 to enter in a seven-way tie for fifth place.


Second year Nathalie Vo is tied for 27e place after shooting a 1-over, 73. She had a fantastic start with birdies on three of her first five holes to get to 3-under. Vo had a tough three-bogey streak in four holes at the back but got a birdie return shot at No. 16 to level his best round of the season.


Second year Lauren Gooding is tied 56e at 3-over with a 75 in the first round. Like Vo, Gooding started well, sitting at 1 under after nine, but like the rest of the Buffs, fell on the first part of the back. Gooding fell to 5 of 14 but rallied with back-to-back birdies at Nos. 15 and 16 to make it 3 out.


“A lot of mental toughness today,” Kelly said. “Lauren played a good solid front nine after a rough start and then she just had a lot of bad breaks. She was a bit unlucky but to her credit she never played and played really solid golf. “


First-year student Makenzie Cooper finished Colorado’s first round, tied for 84e at 7, 79.


Colorado will start in Tuesday’s second-round final matchups with Pepperdine, Fresno State and Xavier starting at 11:40 a.m.



 















































INDIVIDUAL BUFFALO
Rank Last name Score
4. Morgan Miller 69
T5. Haylin Harris 70
T27. Nathalie Vo 73
T56 Lauren Gooding 75
T84. Makenzie Cooper 79
TOP 5 INDIVIDUALS
Rank Last name Score
1. Lauren Gomez, Pepperdine 67
T2. Darcy Habgood, WA 68
T2. Tracy Rodriguez, Mercer 68
4. Morgan MillerColorado 69
T5. Haylin HarrisColorado 70
T5. Harriet Lynch, Fresno State 70
T5. Leigha Devine, Rutgers 70
T5. Sophie Bert, East Tennessee State 70
T5. Christina Carroll, Delaware 70
T5. Carol Pyon, Mercer 70
T5. Anna Watson, Eastern Michigan 70
TEAM SCORES
Rank Crew Score
1. Pepperdine 285
T2. Colorado 287
T2. Fresno State 287
4. xavier 288
T5. Kennesaw State 289
T5. Delaware 289
T5. Mercier 289
8. washington state 290
9. Eastern Tennessee State 291
T10. small stone 293
T10. Eastern Michigan 293
12. Rutgers 294
13. Northern Arizona 295
T14. New Mexico State 296
T14. Central Arkansas 296
16. Word embodied 301
17. Idaho 304
18. Northern Colorado 306
19. Southern Illinois 310
20. Evansville 323

]]>
ASEAN mulls next steps for rebel junta https://monbestof.com/asean-mulls-next-steps-for-rebel-junta/ Mon, 26 Sep 2022 01:36:28 +0000 https://monbestof.com/asean-mulls-next-steps-for-rebel-junta/