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Corporate Social Responsibility
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Companies are solving America s problems instead of the government
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Congresswoman Ayanna Pressley
When the American Association of University Professors and the American Federation of Teachers recently launched a campaign to hold the nation’s colleges and universities more accountable for how they treat workers, the groups’ leaders had an ambitious goal in mind.
“It’s time to go big,” said Irene Mulvey, president of the association of professors.
At a time when unions representing faculty and staff are calling out some colleges and universities for laying off workers without dipping more deeply into their budget reserves, or for spending money on things such as renovating a football stadium, the associations are pushing the federal government to impose more strict requirements on colleges and universities that receive federal funds.
Until fairly recently, student debt cancellation was considered to be a fringe idea that, while popular among the Occupy Wall Street crowd and on the left, was a mainstream nonstarter. That’s begun to change.
The Covid-19 pandemic and resulting economic downturn have pushed the issue even further to the forefront. The CARES Act and then President Donald Trump put a pause on federal student loan payments during the pandemic that expires at the end of January. But with the coronavirus crisis worse than ever, there is a growing chorus of activists, politicians, and voters calling for student debt cancellation as a form of economic stimulus. That chorus is pushing Democrats and, namely, President-elect Joe Biden to go big on student debt, using federal action to wipe out some or even all of what borrowers owe.
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