Saturday, July 13, 2013

Zimmerman found not guilty

SANFORD, Fla. >> Neighborhood watch volunteer George Zimmerman was cleared of all charges today in the shooting of Trayvon Martin, the unarmed black teenager whose killing unleashed furious debate across the U.S. over racial profiling, self-defense and equal justice.

Zimmerman, 29, blinked and barely smiled when the verdict was announced. He could have been convicted of second-degree murder or manslaughter. But the jury of six women, all but one of them white, reached a verdict of not guilty.

Martin's mother and father were not in the courtroom when the verdict was read; supporters of his family who had gathered outside yelled "No! No!" upon learning of the not-guilty verdict.
The teen's father, Tracy, reacted on Twitter: "Even though I am broken hearted my faith is unshattered I WILL ALWAYS LOVE MY BABY TRAY."

Trayvon Martin's brother, Jahvaris Fulton, said simply: "Et tu America?" — a reference to the Latin phrase "Et tu, Brute?" known as an expression of betrayal.

The jurors considered nearly three weeks of often wildly conflicting testimony over who was the aggressor on the rainy night the 17-year-old was shot while walking through the gated townhouse community where he was staying and where Zimmerman lived. None of the witnesses who were called had a clear view of their encounter.

Defense attorneys said the case was classic self-defense, claiming Martin knocked Zimmerman down and was slamming the older man's head against the concrete sidewalk when Zimmerman fired his gun.

Prosecutors called Zimmerman a liar and portrayed him was a "wannabe cop" vigilante who had grown frustrated by break-ins in his neighborhood committed primarily by young black men. Zimmerman assumed Martin was up to no good and took the law into his own hands, prosecutors said.

Monday, July 01, 2013

student loan rates double

Borrowing costs for lower-income students shot up on Monday, jumping from 3.4% to 6.8% on subsidized Stafford loans from the federal government. For the average borrower, that means an additional $761 for every loan they take out through the program, according to Mark Kantrowitz, a financial aid expert and publisher of Edvisors Network.

Neither party is thrilled about the outcome. But in contrast to last year’s student loan fight, when both presidential candidates took to the bully pulpit on the issue, there seems to be little sense of urgency coming from Congress or the White House, despite the absence of any clear resolution.

Here’s why: First, the rate hikes only affect new loans that are taken out, not existing ones. Most students don’t start taking out loans until August or September for the coming school year, and only about 26% of all federal student loans are taken out through the subsidized Stafford program, which requires proof of financial need. What’s more, Congress could pass a retroactive fix to lower the rates for the loans that are taken out at the 6.8% rate, according to Senate Democratic aides.

So while the optics of doubled rates aren’t great, Congress still has some time to come up with a solution before they actually hit students’ pocketbooks. And that took the political pressure off legislators who failed to come to a deal last week and simply packed their bags for the July 4 recess.