Federal Court Temporarily Stops Biden from Canceling Student Loan Debt

A court granted an administrative stay against canceling any debt under President Joe Biden’s federal student loan forgiveness program Friday.

The Eighth Circuit Court of Appeals made the order at plaintiffs’ request over Nebraska, Missouri, Arkansas, Iowa, Kansas and South Carolina’s lawsuit, which argues the Biden administration’s mass debt cancellation effort is unconstitutional. The court set the stay to expire when it rules on an injunction against the cancellation policy, giving the administration until Monday at 5 p.m. CT to respond.

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Commentary: The Left’s Power of Intimidation

Ayn Rand’s 1957 novel, Atlas Shrugged, contains a message of hope for all who look to the invincible juggernaut of state power. She writes, “The great oak tree had stood on a hill over the Hudson . . . for hundreds of years . . . it was a thing that nothing could change or threaten . . . One night, lightning struck the oak tree . . . The trunk was only an empty shell; its heart had rotted away long ago; there was nothing inside-just a thin gray dust that was being dispersed by the whim of the faintest wind.”

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Georgia’s Kemp Receives B Grade for Fiscal and Tax Policies

The Cato Institute gave Georgia Gov. Brian Kemp a B on its 2022 Fiscal Policy Report Card of governors, citing his tax cuts as a reason for the grade.

The libertarian think tank also gave Kemp, a Republican, a B on its 2020 report card. The analysis grades governors on their fiscal policies from a limited-government viewpoint; the higher the grade, the more a governor has cut taxes and spending.

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Poll: Over Half of Americans Not Confident in Elections

A recent poll shows that, two years after a controversial presidential election with widespread allegations of voter fraud, over half of Americans still do not have confidence in the way elections are carried out in the United States.

As reported by the Associated Press, the poll by the AP and NORC Center for Public Affairs Research shows that 52 percent of American voters say that American democracy is not working well; by contrast, just 9 percent of voters think democracy in America is working “extremely well” or “very well.” Prior to the 2020 election, only about 40 percent of Americans were confident that their votes would be counted fairly and accurately.

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Fauci, Top Biden Officials Forced to Give Depositions in COVID-19 Censorship Case

Chief Medical Advisor to the President Dr. Anthony Fauci will be deposed alongside nine other federal officials as part of an ongoing lawsuit brought by a pair of Republican state attorneys general alleging that the federal government colluded with social media companies to suppress protected free speech about COVID-19, according to a court order granting the deposition request.

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College Won’t Place Student Teachers at School That Prohibits Critical Race Theory

A California university said it will stop sending student teachers to a school district that banned the teaching of Critical Race Theory (CRT), according to a statement from the school district.

California State University Fullerton will not be placing new student teachers at Placentia-Yorba Linda Unified School District in Sacramento, California, because they believe the school district cannot best train the education students who are trained in social justice, tenets of CRT and gender theories, according to an Oct. 17 statement by the school district. The Placentia-Yorba Linda Unified School Board approved a resolution in April that prohibits teaching CRT, or the teaching that one race is superior to another.

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Musk Plans to Cut 75 Percent of Twitter’s Workforce Following Takeover

Tesla CEO Elon Musk has told potential investors that he will cut roughly three-quarters of Twitter’s workforce once he secures control of the company. 

The firm currently employs roughly 7,500 people. Documents the Washington Post obtained indicate that Musk plans to operate the platform with approximately 2,000 employees. Musk’s purchase of Twitter could reportedly close as soon as next week.

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Commentary: The Nonsense of Stakeholder Capitalism

From Harvard to Hong Kong, stakeholder capitalism is gaining popularity at elite business schools worldwide. Followers of this trendy concept believe that a corporation, instead of primarily operating to benefit shareholders, should work to benefit all interested parties — or “stakeholders” — including suppliers, local communities, and governments. Stakeholder capitalism largely overlaps with efforts to advance so-called “environmental, social, and governance” (ESG) outcomes — a vaguely defined trio of left-wing priorities.

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Migrant Encounters at the Southern Border Shatter Previous Records

Customs and Border Protection (CBP) reported over 220,000 migrant encounters along the southern border in September, outpacing every other September on record, according to new agency statistics revealed Friday.

The agency clocked roughly 2.3 million migrant encounters for fiscal year 2022, shattering the previous record, and took over 2.7 million enforcement actions nationally in fiscal year 2022, up more than 41% over fiscal year 2021, according to its data. CBP said 19% of the September southern border encounters involved people encountered at least one other time in the past 12 months.

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