That’s the portion of earnings college graduates typically devote to paying off student loans in their first year out of school. That number comes from the Hamilton Project, which has just released new data on income and loan payments in the years after college. It found different fields see very different paths to repayment. The New York Times’ Upshot is hosting the Hamilton Project’s new debt calculator.
Beleaguered TV-streaming company Aereo announced Friday it would file for Chapter 11 reorganization. When asked about his company’s lasting impact, CEO and founder of Aereo Chet Kenojia said: “I think we struck a chord in a lot of people’s hearts that there was something arcane about how television was distributed and watched.”
That’s the window Comcast gives customers waiting for a visit from a technician, though it’s not clear how consistently they arrive in that time frame. The company says that their new app, expected out next year, will alert subscribers when service is 30 minutes away. The Verge notes the company might have bigger problems though, as reported in the four-part “Comcast Confessions” series.
The portion of sapphire in the world that Apple has used in its iPhone screens and camera lenses. The company built a $1 billion facility in Arizona for supplier GT Advanced Technologies to produce the material. But GT imploded not long after, finally filing for bankruptcy last month. The Wall Street Journal takes a deep dive into just what went wrong, and the “promise and peril” of supplying iPhone parts.
Research shows that granting legal status to immigrants increases wages by 6 percent, creating spillover benefits for many. That’s especially good news for cities like Detroit, where immigration is viewed as one of the few tools available to bring the city’s economy back from the brink.
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