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Here's how $50,000 in student debt becomes nearly $100,000

Here's how $50,000 in student debt becomes nearly $100,000

Finance
How much people borrow to attend college can become just a small share of what they wind up owing. Currently, fewer than a quarter of student loan borrowers are repaying their principal, or the amount they originally took out, according to recent remarks made by Education Secretary Betsy DeVos at a conference on financial aid. That's because their monthly payments are just going to the interest accumulating on their debt or they're not paying anything right now. In the meantime, their debt is likely growing. ...
Canada becomes second country to legalise recreational marijuana

Canada becomes second country to legalise recreational marijuana

World
The first recreational cannabis to be legally bought in Canada was purchased at midnight on Wednesday (02:30 GMT) on the eastern island of Newfoundland amid queues of hundreds of people. Canada has become the second country after Uruguay to legalise possession and use of recreational cannabis. Medical marijuana has been legal in the country since 2001. But concerns remain, including about the readiness for police forces to tackle drug impaired driving. Information has been sent to 15m households about the new laws and there are public awareness campaigns. Ian Power, from the town of St John's began queuing at 20:00 local time so he could "make history". Newfoundland is half an hour ahead of the next province to the west."It's bee...
California becomes 1st state to restrict restaurants on handing out plastic straws

California becomes 1st state to restrict restaurants on handing out plastic straws

Technology
California has become the first state in the nation to pass a law that will ban restaurants from automatically giving out plastic straws to help protect the environment. “Plastic has helped advance innovation in our society, but our infatuation with single-use convenience has led to disastrous consequences,” Gov. Jerry Brown said in a statement upon signing the bill Thursday. “Ocean plastic is estimated to kill millions of marine animals every year." The law, which will go into effect Jan. 1, applies only to full-service, dine-in restaurants, not fast-food establishments or other businesses. It sets a fine of $ 25 per day for restaurants that violate the rule, with the total not to exceed $ 300 annually. The initiative is the first of its kind, officials said. ...
Apple becomes first trillion dollar US company

Apple becomes first trillion dollar US company

Technology
During the day, the share price of the iPhone maker jumped by 2.8% to $ 207.05, passing the $ 1tn (£762bn) mark in New York trading.Its stock has soared 9% since Tuesday when Apple's third-quarter earnings exceeded Wall Street's expectations.The company, which was started in a garage in Palo Alto by Steve Jobs and Steve Wozniak in 1976, has transformed the way people communicate with its ubiquitous iPhone. When the iPhone was introduced in 2007 it kicked off a smartphone revolution, leaving the giants of the mobile phone industry Nokia and Blackberry struggling for survival.Alphabet, the parent of Google, scrambled to provide its Android software to power mobile phones, making sure Apple didn't steal a huge march on rivals.That helped Samsung to become the world's biggest mobile pho...
Financial fruit: Apple becomes 1st trillion-dollar company

Financial fruit: Apple becomes 1st trillion-dollar company

Technology
Apple is the world's first publicly traded company to be valued at $ 1 trillion, the financial fruit of stylish technology that has redefined what we expect from our gadgets. The milestone reached Thursday marks the latest triumph of a trend-setting company that two mavericks named Steve started in a Silicon Valley garage 42 years ago. Apple's shares gained $ 5.89 to close at $ 207.39, leaving the company's market value a notch above $ 1 trillion — around $ 1,001,679,220,000, according to FactSet. Apple sits atop a U.S. stock market that has become dominated by technology-centered companies: Amazon, Google's parent Alphabet, Microsoft and Facebook round out the top five in market value. The achievement seemed unimaginable in 1997 when Apple teetered on the edge of bankruptcy, with ...