Starting in July 2026, significant changes to student-loan repayment, enacted in President Trump’s spending legislation, will begin. These changes involve replacing existing income-driven repayment plans with a standard repayment plan and a new Repayment Assistance Plan (RAP), which will offer income-based payments and forgiveness after 30 years. The legislation also introduces new borrowing caps for graduate and professional students, while eliminating the Grad PLUS program. Additionally, the SAVE plan will be phased out, potentially impacting millions of borrowers, and eligibility for income-based repayment plans is being expanded.
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In 2026, Donald Trump’s presidency, marked by accumulating power and wealth, saw the targeting of Imran Ahmed, a green card holder, for his work combating misinformation. Ahmed’s potential deportation reflects Trump’s broader ambitions to reshape the definition of American belonging and limit free speech. This aligns with a larger effort to replace federal employees with Trump loyalists and challenge established legal frameworks, particularly regarding citizenship. While facing some resistance, Trump’s actions threaten to redefine the rights of legal immigrants and potentially alter the very fabric of American identity, all while appeasing powerful figures like Elon Musk.
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Kevin Spacey is set to face civil sexual assault allegations in London’s High Court in 2026, stemming from his time as artistic director of the Old Vic theatre. Three individuals are suing the actor, claiming assault between 2000 and 2013, with a potential trial date set for October 12, 2026, though the format is yet to be determined. Spacey, who has denied all allegations and was acquitted of criminal charges in 2023, faces claims including multiple instances of assault and resulting psychiatric damage. Following an interview where Spacey discussed his current living situation, he clarified on Instagram that he is not homeless in the traditional sense, but is living in hotels and Airbnbs.
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In a significant move, Germany is poised to increase its financial aid to Ukraine by approximately $3.45 billion in 2026, according to government sources cited by Reuters. This additional funding, supported by the finance and defense ministries and endorsed by Chancellor Friedrich Merz, will bolster Ukraine’s defense capabilities with artillery, drones, armored vehicles, and replacements for Patriot air defense systems. The funds will be added during final adjustments to the 2026 federal budget, building upon the existing $9.78 billion already allocated for Ukraine. As Europe’s largest military donor, Germany’s continued commitment aims to provide ongoing support against Russia’s aggression.
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Italy is considering a 50% increase to the annual levy on foreign income for wealthy new residents. This tax, currently set at €200,000, exempts individuals from taxes on overseas earnings for 15 years. The proposed increase to €300,000 is part of the country’s 2026 budget plan, which is slated for approval by the cabinet soon.
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The Norwegian government unveiled its draft state budget for 2026, prioritizing security and emergency preparedness. The budget includes NOK 70 billion (€6 billion) earmarked for military support to Ukraine, reflecting a continued commitment to the Nansen Support Programme. An additional NOK 4.2 billion (€360 million) will be allocated to bolster the armed forces as part of a long-term plan. This commitment follows previous allocations, including approximately NOK 7 billion (€595 million) for air defense and contributions to the PURL mechanism for supplying American weapons.
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John Q. Hosedrinker