| How to radically boost entrepreneurship right now |
| | Good morning,
Just talking about student loan debt cancelation gives Skyler Pearson chills, and makes her want to cry.
When Pearson launched Portland, Oregon-based indoor farming startup Nexgarden in 2017, she had no idea how much her nearly $50,000 of student loan debt would tighten her operational budget and limit her access to capital. So when President Biden took office, Pearson's mind went straight to one of his campaign promises: student debt cancelation. Indeed, Biden and other top Democrats have quickly made student loan debt forgiveness a top priority.
The president has advocated forgiving $10,000 of debt per borrower, while Senate Majority Leader Chuck Schumer (D-N.Y.) and Sen. Elizabeth Warren (D-Mass.) have pushed for a more aggressive $50,000 per borrower. The state of entrepreneurship hangs in the balance, especially as the U.S. manages its post-Covid economic recovery. Small business traditionally plays an outsized role in job creation following recessions, and the country's record $1.7 trillion in student loan debt, spread across roughly 45 million people, threatens to limit legions of young and middle-aged dreamers from taking the entrepreneurial leap.
Economists and small-business policy advocates agree: A federal debt cancelation policy could boost entrepreneurship rates and unshackle debt-ridden entrepreneurs to pursue more aggressive growth plans. But which is better: $10,000 or $50,000? It's more complex than you'd think.
Read our story to learn the unintended consequences of forgiving too much or not enough debt--and where the ideal number for the sake of entrepreneurship falls. |
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Sickr posted: " A slew of new trademarks have been issues in Japan by both development studios Konami and Marvelous. Marvelous filed a new trademark for Deadcraft in the land of the rising sun on 17th February 2021 and Konami has issued trademarks for Jaseiken Necro" A slew of new trademarks have been issues in Japan by both development studios Konami and Marvelous. Marvelous filed a new trademark for Deadcraft in the land of the rising sun on 17th February 2021 and Konami has issued trademarks for Jaseiken Necromancer, Pitch Clash and finally the popular Momotaro Dentetsu franchise. Hopefully we will hear […] Read more of this post
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Sickr posted: " Many video games companies are now using online presentations to showcase upcoming games for various formats and it now seems as though publisher and developer Bandai Namco is joining the fray. The long-running video game company has recently filed a" Many video games companies are now using online presentations to showcase upcoming games for various formats and it now seems as though publisher and developer Bandai Namco is joining the fray. The long-running video game company has recently filed a new trademark for something called Bandai Namco Next, which sounds like the ideal name for […] Read more of this post
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ssf1991 posted: " Take on a colossal Tetrimino challenge with Mario in Tetris® 99 with a special Super Mario 3D World + Bowser's Fury themed MAXIMUS CUP!This coming weekend's Tetris 99 20th MAXIMUS CUP event allows you to earn an in-game theme based on the Super Mari" Take on a colossal Tetrimino challenge with Mario in Tetris® 99 with a special Super Mario 3D World + Bowser's Fury themed MAXIMUS CUP! This coming weekend's Tetris 99 20th MAXIMUS CUP event allows you to earn an in-game theme based on the Super Mario 3D World + Bowser's Fury game. Demonstrate your fur-midable puzzle […] Read more of this post
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ssf1991 posted: " This month is the 4th anniversary of the Nintendo Switch. But, Nintendo is apparently still not done with the Wii U just yet. For the first time in 2 and a half years, Nintendo has released a firmware update for the Wii U. This means that your consol" This month is the 4th anniversary of the Nintendo Switch. But, Nintendo is apparently still not done with the Wii U just yet. For the first time in 2 and a half years, Nintendo has released a firmware update for the Wii U. This means that your console, if you still use it, can be […] Read more of this post
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ssf1991 posted: " Progress on The Binding of Isaac: Repentance has is still ongoing. The upcoming DLC to The Binding of Isaac: Rebirth had been announced years ago, and there have been weekly blog posts from the dev team showcasing the DLC's various additions. Repenta" Progress on The Binding of Isaac: Repentance has is still ongoing. The upcoming DLC to The Binding of Isaac: Rebirth had been announced years ago, and there have been weekly blog posts from the dev team showcasing the DLC's various additions. Repentance's main addition is content from the Antibirth mod, but other stuff is also […] Read more of this post
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