Beware, new student loan borrowers: Interest rates are about to jump
• Student loan interest rates reset every May. This year, they’re on the rise.
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• Student loan interest rates reset every May. This year, they’re on the rise.
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• The annual inflation rate likely eased somewhat in April, but not enough to meaningfully reduce the burden on lower-income Americans.
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• U.S. GDP growth likely slowed sharply in the first few months of the year, but the economy may be sturdier than it looks.
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• Florida lawmakers have wrapped up this year’s legislative session by approving a record $112.1 billion state budget for the 2022-2023 fiscal year. That’s more than ten percent higher than the current budget. Economic analyst Dr. Hank Fishkind offers his review of the upcoming state budget, starting with two issues he says he wishes lawmakers would have addressed that are affecting the state: condo safety precautions and property taxes.
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• The FAA could soon award a launch license to private space company Astra paving the way for the company’s maiden launch from Florida’s Space Coast. The launch, which could happen as early as Saturday, marks the start to what could be a very busy year for new rockets leaving the planet from Florida and boosting the state’s economy.
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• Misinformation spread over social media caused crowds to gather outside the Extended Stay in Maitland earlier this week to protest quote “undocumented workers” living there. In reality, these workers were legally employed by Dewar Nurseries on H2-A visas, a temporary visa for agricultural laborers to the US.
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• In his State of the State speech kicking off the legislative session, Governor Ron DeSantis touted Florida’s booming economy and slammed the federal government on inflation and other issues.
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