Morning Brew Daily Biden's Plan to Help With Student Loans Launches & US Homes are Shrinking
Aug 23, 2023
Biden's new plan aims to ease the burden of student loans, focusing on income-driven repayment options. Meanwhile, the housing market faces an intriguing trend as homes become pricier yet smaller, with multi-bedroom layouts rising in popularity. UPS drivers celebrate a new contract after a successful strike, while IKEA stakes its claim in San Francisco. Additionally, a cargo ship powered by wind sets sail, showcasing innovative shipping solutions amidst climate concerns, and the Weather Channel enhances its technology to remain America's trusted source for forecasts.
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SAVE Plan for Student Loans
- The Biden administration launched the new SAVE plan to help student loan borrowers.
- This plan will cut some borrowers' monthly payments in half and eliminate others' entirely.
Threads Web Launch
- Meta launched a web version of Threads after a significant drop in daily active users.
- This is a crucial step to win back users who prefer desktop access.
UPS Strike Averted
- UPS workers ratified a new contract with significant pay raises, averaging $175,000 annually for experienced drivers.
- This sets a new standard for labor negotiations, with the Teamsters president calling it a national template.