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A wave of borrowers faces 90 days to exit the SAVE repayment plan, with many still in affect while debt continues to accrue. News outlets report high balances and slow progress toward forgiveness, raising concerns about retirement plans and financial security.
Major tech firms have announced widespread workforce reductions while reporting record AI spending and rising head counts at heavy AI adopters. Oracle, Microsoft, Meta and others have cut roles and cited AI-driven change even as studies from Ramp/Revelio, SignalFire and Draup show engineering hires and entry-level roles growing at AI‑intensive firms and job listings shifting toward judgment and AI-tool fluency.
Governor Kathy Hochul has signed an executive order imposing a one-year statewide moratorium on new hyperscale data centres that use 50 megawatts or more, directing regulators to complete an environmental impact review and consider rules to make developers pay for power, contribute to grid upgrades and lose tax breaks. The move has drawn praise from community and environmental groups and rebuke from industry and national conservatives.
Carmine Agnello has begun a 15‑month prison term for a COVID‑era fraud. A judge had postponed surrender to allow a kidney transplant for his mother, Victoria Gotti, but no concrete schedule has emerged. The court ordered self‑surrender to proceed by Sept. 18, 2026, as medical timelines remain uncertain.
Lawrence Mayor Brian DePena has been charged with wire fraud and money laundering after allegedly obtaining a $1.5 million COVID-19 loan for his tire business and diverting funds to cover mortgages and his campaign. He appeared in federal court and was released under conditions; prosecutors say the fraud raised concerns about public trust.
A Turkish-born baker in San Francisco has poured his life savings into BaklavaStory, only to confront mounting financial pressures. He has invested about $300,000 to launch the business and now faces sustainability questions as costs rise and demand remains uncertain.