Trump says he will call Swedish prime minister about locked up rapper A$AP Rocky after call from Kanye West

President Donald Trump on Friday said he will call the Swedish prime minister “to see what we can do about” rapper A$AP Rocky, who is incarcerated in Sweden. The president said he decided to make that call to Prime Minister Stefan Lofven following a conversation with hip hop star Kanye West. “I will be calling the very talented Prime Minister of Sweden to see what we can do about helping A$AP Rocky. A$AP Rocky, whose real name is Rakim Mayers, has been detained in Sweden since early July. A mont


President Donald Trump on Friday said he will call the Swedish prime minister “to see what we can do about” rapper A$AP Rocky, who is incarcerated in Sweden. The president said he decided to make that call to Prime Minister Stefan Lofven following a conversation with hip hop star Kanye West. “I will be calling the very talented Prime Minister of Sweden to see what we can do about helping A$AP Rocky. A$AP Rocky, whose real name is Rakim Mayers, has been detained in Sweden since early July. A mont
Trump says he will call Swedish prime minister about locked up rapper A$AP Rocky after call from Kanye West Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: kevin breuninger
Keywords: news, cnbc, companies, visited, rapper, locked, minister, aap, york, times, rocky, west, prime, kanye, trump, swedish


Trump says he will call Swedish prime minister about locked up rapper A$AP Rocky after call from Kanye West

President Donald Trump on Friday said he will call the Swedish prime minister “to see what we can do about” rapper A$AP Rocky, who is incarcerated in Sweden.

The president said he decided to make that call to Prime Minister Stefan Lofven following a conversation with hip hop star Kanye West.

“I will be calling the very talented Prime Minister of Sweden to see what we can do about helping A$AP Rocky. So many people would like to see this quickly resolved!” Trump tweeted.

A$AP Rocky, whose real name is Rakim Mayers, has been detained in Sweden since early July. He is accused of assaulting a man in Stockholm.

The New York Times, citing an unnamed source familiar with the situation, reported that West asked his wife, Kim Kardashian West, to ask Trump’s senior advisor and son-in-law Jared Kushner to help A$AP Rocky’s cause. Kushner raised the issue with Trump, who directed Secretary of State Mike Pompeo to work with Swedish authorities to ensure the rapper’s conditions were fair, the Times reported.

Trump and West have spoken highly of each other since the early days of the Trump presidency. In December 2016, Kanye visited the then-president elect at Trump Tower in New York City. “We’ve been friends for a long time,” Trump told reporters.

In April 2018, West tweeted, “You don’t have to agree with trump but the mob can’t make me not love him. We are both dragon energy. ”

Trump responded: “Thank you Kanye, very cool! ”

A month later, Kim Kardashian West visited the White House to discuss prison reform and advocate for a pardon for nonviolent drug offender Alice Marie Johnson. Trump commuted Johnson’s sentence in June.


Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: kevin breuninger
Keywords: news, cnbc, companies, visited, rapper, locked, minister, aap, york, times, rocky, west, prime, kanye, trump, swedish


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Elon Musk’s brain-machine start-up plans human trials in 2020

Elon Musk’s ambitious brain-computer start-up Neuralink is looking to start trials on humans next year. “It will take a long time, and you’ll see it coming,” Musk said at Tuesday’s event. Musk believes the technology could eventually assist in cognitive capabilities like speech and sight, according to the New York Times. The New York Times reported that it saw a demonstration of a computer receiving information from a rat in a company lab. At Tuesday’s event Musk also talked about work with monk


Elon Musk’s ambitious brain-computer start-up Neuralink is looking to start trials on humans next year. “It will take a long time, and you’ll see it coming,” Musk said at Tuesday’s event. Musk believes the technology could eventually assist in cognitive capabilities like speech and sight, according to the New York Times. The New York Times reported that it saw a demonstration of a computer receiving information from a rat in a company lab. At Tuesday’s event Musk also talked about work with monk
Elon Musk’s brain-machine start-up plans human trials in 2020 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: jordan novet
Keywords: news, cnbc, companies, times, event, elon, neuralink, musks, 2020, musk, startup, brainmachine, trials, brain, tuesdays, talked, human, york, plans, technology


Elon Musk's brain-machine start-up plans human trials in 2020

Elon Musk’s ambitious brain-computer start-up Neuralink is looking to start trials on humans next year. Musk talked about the project at an event in San Francisco that was streamed live — with an eye toward recruiting more talent — late on Tuesday.

Neuralink aligns with a broader trend of technology minds seeking to merge their approaches with the world of in healthcare. Facebook has previously devoted resources to exploring computer systems that people could communicate with simply by thinking.

The start-up envisions drilling holes into the brain with a custom machine to embed thin threads that connect to a tiny processor, which can then be connected to a smartphone over Bluetooth. Over time it would like to make the installation process as simple as laser-eye surgery.

The company is seeking U.S. Food and Drug Administration approval to begin clinical trials as soon as next year, Bloomberg said, and Musk said the start-up wants to have its first human patient equipped with the technology before the end of 2020.

“It will take a long time, and you’ll see it coming,” Musk said at Tuesday’s event. He said in the future there could be an “app store” for different programs that could tap the technology.

Neuralink has operated in relative secrecy ever since Musk, the CEO of Tesla and a co-founder of PayPal, laid out the ideas for the start-up in an lengthy article on Tim Urban’s blog “Wait But Why” in 2017.

“We are aiming to bring something to market that helps with certain severe brain injuries (stroke, cancer lesion, congenital) in about four years,” Musk told Urban.

Musk believes the technology could eventually assist in cognitive capabilities like speech and sight, according to the New York Times. Applications include helping people control computers with their brain activity or restoring the ability to speak, Philip Sabes, senior scientist at Neuralink, said at Tuesday’s event.

Musk said people could communicate with one another using the technology through a kind of telepathy.

He has a larger ambition, though. He said on Tuesday that he hopes to “help secure humanity’s future as a civilization relative to AI,” or artificial intelligence.

Last year, one media outlet reported that Neuralink had been looking to conduct tests on animals. The New York Times reported that it saw a demonstration of a computer receiving information from a rat in a company lab. And a new paper attributed to Neuralink and Musk describes some of the rat research.

“All animal procedures were performed in accordance with the National Research Council’s Guide for the Care and Use of Laboratory Animals and were approved by the Neuralink Institutional Animal Care and Use Committee,” the paper states.

At Tuesday’s event Musk also talked about work with monkeys.

“A monkey has been able to control the computer with his brain,” he said.

Last year he talked up the project during an appearance on the “Joe Rogan Experience” podcast. “I think we’ll have something interesting to announce in a few months … that’s better than anyone thinks is possible,” he said.

Musk, a co-founder of Neuralink, has invested $100 million in the company, the New York Times said.

WATCH: Mind-reading technology will allow us to control devices with our thoughts


Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: jordan novet
Keywords: news, cnbc, companies, times, event, elon, neuralink, musks, 2020, musk, startup, brainmachine, trials, brain, tuesdays, talked, human, york, plans, technology


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Prosecutors say Jeffrey Epstein’s suspicious passport — his photo, different name — used multiple times in ’80s

Courtroom sketch showing Jeffrey Epstein at his bail hearing in New York on July 15th, 2019. An expired passport found in a locked safe in accused child sex trafficker Jeffrey Epstein’s Manhattan mansion — which featured Epstein’s photo but a different name — was used multiple times in the 1980s, prosecutors said Wednesday. Epstein’s lawyers had said in a court filing Tuesday that prosecutors had offered “nothing to suggest — and certainly no evidence — that Epstein ever used” that passport, whi


Courtroom sketch showing Jeffrey Epstein at his bail hearing in New York on July 15th, 2019. An expired passport found in a locked safe in accused child sex trafficker Jeffrey Epstein’s Manhattan mansion — which featured Epstein’s photo but a different name — was used multiple times in the 1980s, prosecutors said Wednesday. Epstein’s lawyers had said in a court filing Tuesday that prosecutors had offered “nothing to suggest — and certainly no evidence — that Epstein ever used” that passport, whi
Prosecutors say Jeffrey Epstein’s suspicious passport — his photo, different name — used multiple times in ’80s Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: kevin breuninger dan mangan, kevin breuninger, dan mangan
Keywords: news, cnbc, companies, times, different, lawyers, stamps, jeffrey, suspicious, multiple, epsteins, say, passport, prosecutors, united, used, defendant, epstein


Prosecutors say Jeffrey Epstein's suspicious passport — his photo, different name — used multiple times in '80s

Courtroom sketch showing Jeffrey Epstein at his bail hearing in New York on July 15th, 2019.

An expired passport found in a locked safe in accused child sex trafficker Jeffrey Epstein’s Manhattan mansion — which featured Epstein’s photo but a different name — was used multiple times in the 1980s, prosecutors said Wednesday.

Epstein’s lawyers had said in a court filing Tuesday that prosecutors had offered “nothing to suggest — and certainly no evidence — that Epstein ever used” that passport, which was issued by Austria.

Epstein, a 66-year-old wealthy financier, is a former friend of Presidents Donald Trump and Bill Clinton.

On Wednesday afternoon, the prosecutors responded, saying, “In fact, the passport contains numerous ingress and egress stamps, including stamps that reflect use of the passport to enter France, Spain, the United Kingdom, and Saudi Arabia in the 1980s.”

The prosecutors also noted that Epstein’s lawyers did “not address how the defendant obtained the foreign passport.”

“More concerning,” they wrote, “the defendant has still not disclosed to the Court whether he is a citizen or legal permanent resident of a country other than the United States.”


Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: kevin breuninger dan mangan, kevin breuninger, dan mangan
Keywords: news, cnbc, companies, times, different, lawyers, stamps, jeffrey, suspicious, multiple, epsteins, say, passport, prosecutors, united, used, defendant, epstein


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Starbucks will stop selling newspapers in its cafes

Starbucks will stop selling newspapers at its cafes Sept. 1. Starbucks will still carry those products, but the removal of their shelves mean fewer packaged coffee beans and snacks will be sold. The New York Post first reported the coffee chain’s plans to stop selling newspapers at its roughly 8,600 company-owned stores in the U.S.”We are always looking at what we offer our customers in our stores and making adjustments to our portfolio based on changing customer behavior,” Starbucks spokeswoman


Starbucks will stop selling newspapers at its cafes Sept. 1. Starbucks will still carry those products, but the removal of their shelves mean fewer packaged coffee beans and snacks will be sold. The New York Post first reported the coffee chain’s plans to stop selling newspapers at its roughly 8,600 company-owned stores in the U.S.”We are always looking at what we offer our customers in our stores and making adjustments to our portfolio based on changing customer behavior,” Starbucks spokeswoman
Starbucks will stop selling newspapers in its cafes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-12  Authors: amelia lucas
Keywords: news, cnbc, companies, snacks, starbucks, times, selling, newspapers, stop, weekday, cafes, stores, coffee, york


Starbucks will stop selling newspapers in its cafes

Starbucks will stop selling newspapers at its cafes Sept. 1.

In addition to removing newspaper stands that carry copies of The New York Times, The Wall Street Journal and USA Today, the company plans to remove shelving fixtures that display whole bean coffee and grab-and-go snacks. Starbucks will still carry those products, but the removal of their shelves mean fewer packaged coffee beans and snacks will be sold.

The New York Post first reported the coffee chain’s plans to stop selling newspapers at its roughly 8,600 company-owned stores in the U.S.

“We are always looking at what we offer our customers in our stores and making adjustments to our portfolio based on changing customer behavior,” Starbucks spokeswoman Sanja Gould said in a statement.

As the media landscape changes, more customers are reading their news online. The Pew Research Center estimates that weekday circulation of print newspapers fell 12% last year, while weekday digital circulation jumped 6%. Both the Times and the Journal reported that their own digital readership increased by more than 20% in 2018.


Company: cnbc, Activity: cnbc, Date: 2019-07-12  Authors: amelia lucas
Keywords: news, cnbc, companies, snacks, starbucks, times, selling, newspapers, stop, weekday, cafes, stores, coffee, york


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This top-performing retail stock has gone parabolic, warns technician

“It looks like a parabolic chart starting to form on both a weekly and a daily basis,” Johnson said on CNBC’s “Trading Nation ” on Thursday. Walmart, another top-performing retail stock, looks set to continue its rise, Johnson adds. Walmart has another fan in Mark Tepper, president of Strategic Wealth Partners, who says the stock deserves a far higher multiple. “With Walmart, I think you’re getting a little bit of Amazon and a little bit of Costco, at a fraction of the multiple.” Walmart trades


“It looks like a parabolic chart starting to form on both a weekly and a daily basis,” Johnson said on CNBC’s “Trading Nation ” on Thursday. Walmart, another top-performing retail stock, looks set to continue its rise, Johnson adds. Walmart has another fan in Mark Tepper, president of Strategic Wealth Partners, who says the stock deserves a far higher multiple. “With Walmart, I think you’re getting a little bit of Amazon and a little bit of Costco, at a fraction of the multiple.” Walmart trades
This top-performing retail stock has gone parabolic, warns technician Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-12  Authors: keris lahiff
Keywords: news, cnbc, companies, gone, times, theyre, parabolic, topperforming, stock, looks, retail, costco, warns, walmart, johnson, wealth, technician, youre, amazon


This top-performing retail stock has gone parabolic, warns technician

Costco is ringing up massive gains this year.

The big-box retailer has surged 36% in 2019, on track for its best annual performance since 1988 and one of the best performers on the XLP consumer staples ETF.

Watch out for a top here, Piper Jaffray chief market technician Craig Johnson says.

“It looks like a parabolic chart starting to form on both a weekly and a daily basis,” Johnson said on CNBC’s “Trading Nation ” on Thursday. “I’m not going to be chasing this stock in here, but I’d be waiting for this stock to pull back and reset back toward the rising 40-week moving average. So, take some profits in Costco at this point.”

The stock would need to fall 16% to reach its 40-week moving average at around $232. It last traded at that level in March.

Walmart, another top-performing retail stock, looks set to continue its rise, Johnson adds.

“It’s a constructive-looking chart. It’s now starting to break out to new highs,” said Johnson. “We would be a buyer of this breakout. It looks like there is more room for this stock to go. … There’s probably a move up to about $125.”

The retailer could rally another 10% before hitting that $125 level. It would mark another record for the stock.

Walmart has another fan in Mark Tepper, president of Strategic Wealth Partners, who says the stock deserves a far higher multiple.

“You have a company that should be valued more like Amazon and less like Kroger, because they’re really committed to beefing up their digital presence, and they’re doing that by investing in technology, they’re making acquisitions like Jet.com, they’re doing all this stuff so that they can battle Amazon, ” he said.

Walmart reported a 37% sales increase in its U.S. ecommerce segment in the first quarter, though that slowed from 63% in the same quarter a year earlier.

Tepper says a slowing economy should also fuel strong topline growth for the company.

“When you’re late cycle, it’s not unusual to expect consumers to begin to trade down, meaning Target shoppers will become Walmart shoppers,” said Tepper. “With Walmart, I think you’re getting a little bit of Amazon and a little bit of Costco, at a fraction of the multiple.”

Walmart trades at 23 times forward earnings compared with Costco’s 32 times and Amazon’s 60 times multiple.

Disclosure: Strategic Wealth Partners holds Walmart.

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2019-07-12  Authors: keris lahiff
Keywords: news, cnbc, companies, gone, times, theyre, parabolic, topperforming, stock, looks, retail, costco, warns, walmart, johnson, wealth, technician, youre, amazon


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Billionaire James Dyson reportedly buys $54 million penthouse in Singapore

The Wallich Residence is located within the Tanjong Pagar Centre (second from right), Singapore’s tallest building. British technology firm founder James Dyson and his wife have bought a luxury penthouse in Singapore for a record 73.8 million Singapore dollars ($54.2 million), according to The Business Times newspaper on Wednesday. The privately held company Dyson founded is known for selling $400 hair dryers and sleekly designed vacuum cleaners. The Business Times did not specify its sources, b


The Wallich Residence is located within the Tanjong Pagar Centre (second from right), Singapore’s tallest building. British technology firm founder James Dyson and his wife have bought a luxury penthouse in Singapore for a record 73.8 million Singapore dollars ($54.2 million), according to The Business Times newspaper on Wednesday. The privately held company Dyson founded is known for selling $400 hair dryers and sleekly designed vacuum cleaners. The Business Times did not specify its sources, b
Billionaire James Dyson reportedly buys $54 million penthouse in Singapore Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: huileng tan
Keywords: news, cnbc, companies, 54, james, wife, reportedly, million, singapore, dyson, wednesdaythe, buys, newspaper, business, penthouse, billionaire, records, times, wire


Billionaire James Dyson reportedly buys $54 million penthouse in Singapore

The Wallich Residence is located within the Tanjong Pagar Centre (second from right), Singapore’s tallest building.

British technology firm founder James Dyson and his wife have bought a luxury penthouse in Singapore for a record 73.8 million Singapore dollars ($54.2 million), according to The Business Times newspaper on Wednesday.

The privately held company Dyson founded is known for selling $400 hair dryers and sleekly designed vacuum cleaners.

The Business Times did not specify its sources, but local newspaper The Straits Times said it had reviewed documents revealing the purchase.

Official title records seen by Reuters show billionaire Dyson and his wife became tenants of the 99-year leasehold property on June 20. The records did not state the price paid, the wire said.


Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: huileng tan
Keywords: news, cnbc, companies, 54, james, wife, reportedly, million, singapore, dyson, wednesdaythe, buys, newspaper, business, penthouse, billionaire, records, times, wire


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How social media companies are prepping for the 2020 elections

How social media companies are prepping for the 2020 elections11 Hours AgoAs the 2020 election draws closer, social media companies are making changes to their policies to fix mistakes pointed out during the previous election cycle. Alex Kantrowitz, senior technology reporter at BuzzFeed News, and Ed Lee, media reporter for the New York Times, join CNBC’s “Squawk Box” to discuss.


How social media companies are prepping for the 2020 elections11 Hours AgoAs the 2020 election draws closer, social media companies are making changes to their policies to fix mistakes pointed out during the previous election cycle. Alex Kantrowitz, senior technology reporter at BuzzFeed News, and Ed Lee, media reporter for the New York Times, join CNBC’s “Squawk Box” to discuss.
How social media companies are prepping for the 2020 elections Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-05
Keywords: news, cnbc, companies, times, york, squawk, reporter, 2020, election, elections, prepping, social, companies, technology, media


How social media companies are prepping for the 2020 elections

How social media companies are prepping for the 2020 elections

11 Hours Ago

As the 2020 election draws closer, social media companies are making changes to their policies to fix mistakes pointed out during the previous election cycle. Alex Kantrowitz, senior technology reporter at BuzzFeed News, and Ed Lee, media reporter for the New York Times, join CNBC’s “Squawk Box” to discuss.


Company: cnbc, Activity: cnbc, Date: 2019-07-05
Keywords: news, cnbc, companies, times, york, squawk, reporter, 2020, election, elections, prepping, social, companies, technology, media


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NBA star Kevin Durant sells $12 million Malibu beach house before move to Nets—take a look inside

NBA Golden States Warriors star Kevin Durant announced on Sunday that he was signing with the Brooklyn Nets with a four-year contract worth up to $164 million, according to ESPN. And on June 25, Durant sold his $12.15 million Malibu, California beach house, according to Architectural Digest, just months after it was listed in April for $13.49 million (or $70,000 a month to lease). Durant reportedly paid $12.05 million for the house over a year ago. Take a look inside the three-level beach house


NBA Golden States Warriors star Kevin Durant announced on Sunday that he was signing with the Brooklyn Nets with a four-year contract worth up to $164 million, according to ESPN. And on June 25, Durant sold his $12.15 million Malibu, California beach house, according to Architectural Digest, just months after it was listed in April for $13.49 million (or $70,000 a month to lease). Durant reportedly paid $12.05 million for the house over a year ago. Take a look inside the three-level beach house
NBA star Kevin Durant sells $12 million Malibu beach house before move to Nets—take a look inside Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-02  Authors: jimmy im
Keywords: news, cnbc, companies, star, durant, beach, according, worth, malibu, house, warriors, times, kevin, nba, look, states, sells, inside, netstake, threelevel, million


NBA star Kevin Durant sells $12 million Malibu beach house before move to Nets—take a look inside

NBA Golden States Warriors star Kevin Durant announced on Sunday that he was signing with the Brooklyn Nets with a four-year contract worth up to $164 million, according to ESPN.

And on June 25, Durant sold his $12.15 million Malibu, California beach house, according to Architectural Digest, just months after it was listed in April for $13.49 million (or $70,000 a month to lease). Durant reportedly paid $12.05 million for the house over a year ago.

Take a look inside the three-level beach house via the Instagram slideshows embedded below.

The 3,423-square-foot, four-bedroom and six-bathroom home is located on Broad Beach, according to Los Angeles Times.


Company: cnbc, Activity: cnbc, Date: 2019-07-02  Authors: jimmy im
Keywords: news, cnbc, companies, star, durant, beach, according, worth, malibu, house, warriors, times, kevin, nba, look, states, sells, inside, netstake, threelevel, million


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Meet the 18-year-old who helped wipe out $6.7 million in medical debt

To help connect her donated dollars with those in need, Zames coordinated with the nonprofit RIP Medical Debt. The organization locates unpaid medical debt and then uses charitable donations to forgive old, outstanding debts for pennies on the dollar. That enabled RIP Medical Debt to purchase and abolish $6.7 million in old medical debt from Onondaga, Madison and Oneida counties near Syracuse, New York. How RIP Medical Debt worksIn the U.S., approximately 79 million people have unpaid medical bi


To help connect her donated dollars with those in need, Zames coordinated with the nonprofit RIP Medical Debt. The organization locates unpaid medical debt and then uses charitable donations to forgive old, outstanding debts for pennies on the dollar. That enabled RIP Medical Debt to purchase and abolish $6.7 million in old medical debt from Onondaga, Madison and Oneida counties near Syracuse, New York. How RIP Medical Debt worksIn the U.S., approximately 79 million people have unpaid medical bi
Meet the 18-year-old who helped wipe out $6.7 million in medical debt Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-01  Authors: megan leonhardt
Keywords: news, cnbc, companies, 18yearold, campaign, meet, zames, project, rip, debt, times, helped, medical, school, wipe, eraser, 67, million


Meet the 18-year-old who helped wipe out $6.7 million in medical debt

A wave of letters sealed in canary yellow envelopes will descend upon Syracuse, New York, and the surrounding region in just a few weeks. They contain good news for the recipients: Thanks to the efforts of a local high school senior, their medical debt has been wiped out. While some high school seniors were slacking off during their final months of school, Talia Zames, 18, launched a campaign to raise $15,000 in an effort to pay off old medical debt from those in her own community. To help connect her donated dollars with those in need, Zames coordinated with the nonprofit RIP Medical Debt. The organization locates unpaid medical debt and then uses charitable donations to forgive old, outstanding debts for pennies on the dollar. In 2016, the nonprofit gained national prominence after “Last Week Tonight with John Oliver” worked with RIP to wipe out $15 million worth of medical debt for approximately 9,000 people, a stunt that John Oliver claimed was the biggest giveaway on television. Zames’ months-long “Project Eraser” campaign did not quite hit Oliver’s level, but she did surpass her initial goal, raising $20,000 in total. That enabled RIP Medical Debt to purchase and abolish $6.7 million in old medical debt from Onondaga, Madison and Oneida counties near Syracuse, New York. The recipients will be receiving letters in the mail from RIP around July 12. “People care. If you’re willing to put yourself out there and make those speeches, make those [social media] posts and talk to anyone you can, people can see how passionate you are…and they’re going to want to help you,” Zames tells CNBC Make It.

How the project got started

It was Zames’s grandmother who actually sparked the idea for a campaign. In December, she read a New York Times article that profiled two women in Ithaca, New York, who raised enough to wipe out $1.5 million in medical debt. “That’s when I first heard about RIP,” Zames says. “I started looking into it and realized I could start my own campaign to raise money to erase local debt.” The issue hit home for the teen. Seven years ago, her family experienced how much a trip to the emergency room could cost when one of her younger sisters, just 5 years old at the time, was rushed to the hospital. The medical bills for the visit totaled over $150,000, Zames details in a video she created to support the fundraiser. Her parents had medical insurance, but the deductible and related bills still totaled about $30,000, Zames says. Her family was able to pay off the bills over the course of the next year, but others are not so fortunate. Over half a million families say medical bills were a major factor in their decision to file for bankruptcy, according to recent academic research that analyzed bankruptcies from 2013 to 2016. Zames reached out to RIP Medical Debt and, with the organization’s help, started building out a fundraising game plan. “I’m a planner,” Zames says. “I needed to have it all laid out, so I sat down and listed all the possible things I could think of to raise $15,000.” A little more than a month after she heard first heard about RIP Debt in the New York Times, Zames launched her own campaign in mid-January 2019. The goal was to raise $15,000 to abolish about $1 million in medical debt.

Talia Zames, 18, her mother and younger sisters during the kickoff of the Project Eraser fundraiser.

How RIP Medical Debt works

In the U.S., approximately 79 million people have unpaid medical bills or debt problems, according to the health nonprofit the Commonwealth Fund. And in many cases, that debt is not held by the hospital or doctor’s office that the patient originally visited. Instead, that debt is typically bought and sold several times over — some debts have changed hands upwards of four times. When debt is sold multiple times, it’s usually sold at a discount because it can be increasingly difficult for the collection agency to get paid. That represents an opportunity for RIP, which was founded in 2014 by two former debt collectors who wanted to work on a project to forgive debt, rather than collect on it. RIP is able to swoop in and offer to buy up the debt at a deep discount with donations from individuals like Zames. Typically, a $1 donation can be used to buy $100 in medical debt. In Zames’ case, RIP found that the debt was pretty old in the counties she wanted to target, so they hoped to leverage the donations to wipe out a bit more than average. The nonprofit, working in partnership with TransUnion, focuses on identifying, verifying and buying up the medical debt of those who are in the most dire need. Typically, it aims to wipe out debt for individuals who are earning less than two times the federal poverty level, which varies by state and household size, but is around $25,750 for a family of four. RIP also focuses on wiping out debt for those who are facing financial hardship or insolvency. Over the course of five years, RIP has raised enough money to wipe out $675 million of medical debt for over 200,000 people. And that debt forgiveness is tax-free for the recipients, Daniel Lempert, a spokesman for RIP, tells CNBC Make It.

Raising money and awareness

With the help of RIP, Zames spent several hours in January setting up a fundraising website, creating social media pages and shooting a video for Project Eraser. She and her mom even created a bunch of Project Eraser T-shirts with iron-on decals to help spread the word. But the teen also went beyond the online appeals: Zames wanted to get her classmates, teachers and school faculty involved with the project as well. She attends Christian Brothers Academy in Syracuse, which is a private school with a dress code. But each month, students are allowed to dress down if they donate to a charitable cause. Zames capitalized on this, giving a speech to her entire school about Project Eraser and how medical debt affects so many Americans. “Before I started the campaign, I didn’t understand medical bills and medical debt, so I just wanted my fellow classmates, and even my teachers, to understand what I was doing,” Zames says.

People care. If you’re willing to put yourself out there and make those speeches, make those [social media] posts and talk to anyone you can, people can see how passionate you are…and they’re going to want to help you. Talia Zames

Her initiative paid off. The school raised $2,300 for Project Eraser, which was one of the largest single-source donations of her entire campaign. It was so successful, she gave another speech at her local synagogue, and even helped her younger sister give a similar presentation at her elementary school. At the end of February, Zames coordinated with her favorite restaurant, Panera, to host a community fundraiser night. For every person who ordered food or drinks at Panera on that night and mentioned Project Eraser, the restaurant donated a portion of the sale to Zames’ cause. The event raised about $200, but more importantly to Zames, it allowed her friends and those who couldn’t afford to donate directly to her campaign to participate by simply ordering a meal. “I got to have dinner with friends and erase medical debt at the same time,” she says. Zames, who is heading to the Rochester Institute of Technology this fall, says her biggest takeaway from the project is the impact a single person, even a teenager, can make. “At first I was really terrified [about hitting such a big goal]; I had a lot of learning to do, a lot of trial-and-error,” she says. But the success she experienced with her first activist project has her already eyeing more opportunities. “I could definitely see myself getting more involved in the future,” Zames says. Don’t miss: Nearly 25% of Americans are going into debt trying to pay for necessities like food Like this story? Subscribe to CNBC Make It on YouTube!


Company: cnbc, Activity: cnbc, Date: 2019-07-01  Authors: megan leonhardt
Keywords: news, cnbc, companies, 18yearold, campaign, meet, zames, project, rip, debt, times, helped, medical, school, wipe, eraser, 67, million


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83% of non-homeowners say student loans are the reason they can’t afford to buy

And for many, student loan debt might be to blame. In its 2019 Home Affordability Report, home co-investment company Unison found that 83% of non-homeowners said student debt is the reason they can’t afford to buy a home right now. “Student loans are the fastest growing source of debt for U.S. households,” Lulic says. “Since 2007, student loan debt has grown three times faster than auto loans and 150 times faster than mortgages. ” But for the 2017-2018 school year, that average had risen to $9,9


And for many, student loan debt might be to blame. In its 2019 Home Affordability Report, home co-investment company Unison found that 83% of non-homeowners said student debt is the reason they can’t afford to buy a home right now. “Student loans are the fastest growing source of debt for U.S. households,” Lulic says. “Since 2007, student loan debt has grown three times faster than auto loans and 150 times faster than mortgages. ” But for the 2017-2018 school year, that average had risen to $9,9
83% of non-homeowners say student loans are the reason they can’t afford to buy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-28  Authors: emmie martin
Keywords: news, cnbc, companies, nonhomeowners, 83, loan, times, afford, school, cant, buy, say, increase, reason, lulic, student, faster, debt, loans, report


83% of non-homeowners say student loans are the reason they can't afford to buy

Fewer young people are buying houses than their parents and grandparents did at the same age. And for many, student loan debt might be to blame.

In its 2019 Home Affordability Report, home co-investment company Unison found that 83% of non-homeowners said student debt is the reason they can’t afford to buy a home right now. Generally, they’re delaying buying a house by around seven years because of it, the report found.

That’s especially true for millennials: “A recent study by the Federal Reserve found that every $1,000 increase in student loan debt causes a 1 to 2 percentage point drop in the homeownership rate for student loan borrowers during their late twenties and early thirties, ” Miron Lulic, founder and CEO of financial comparison site SuperMoney, tells CNBC Make It.

It’s not surprising, given the rising cost of higher education. “Student loans are the fastest growing source of debt for U.S. households,” Lulic says. “Since 2007, student loan debt has grown three times faster than auto loans and 150 times faster than mortgages. ”

For the 1987-1988 school year, students at public four-year institutions paid an average of $3,190 in tuition, according to College Board’s “Trends in College Pricing 2017” report. But for the 2017-2018 school year, that average had risen to $9,970 — a nearly 213% increase.


Company: cnbc, Activity: cnbc, Date: 2019-06-28  Authors: emmie martin
Keywords: news, cnbc, companies, nonhomeowners, 83, loan, times, afford, school, cant, buy, say, increase, reason, lulic, student, faster, debt, loans, report


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