The Signal

Serving the College since 1885

Tuesday August 16th

Matthew Kaufman


The social network agreed to Musk’s offer of $54.20 per share, according to the New York Times. The deal comes after Musk had announced on April 4 that he had purchased a 9.2% stake in the company, becoming its largest shareholder(Image created by Lauren Schweighardt/Graphic Designer).
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Elon Musk Reaches Deal to Buy Twitter for More Than $40 Billion

 Twitter agreed to be sold to Elon Musk for $44 billion, following weeks of back-and-forth between the company and the billionaire. The social network agreed to Musk’s offer of $54.20 per share, according to the New York Times. The deal comes after Musk had announced on April 4 that he had purchased a 9.2% stake in the company, becoming its largest shareholder. Twitter had originally offered Musk a seat on the board, but he turned it down, saying that the position would not allow him to bring the changes he thought were necessary.

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According to Reuters, the plan consists of a four-tier alert system that moves from green to red. It begins with public announcements about conserving water, moving on to lessening water pressure and ending with rotating water cuts that could last up to 24 hours(Image created by Lauren Schweighardt/Graphic Designer).
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Santiago, Chile announces plan to ration water due to 13 year drought

Santiago, Chile has announced a new water rationing system as the country enters its 13th year of a harsh drought. The capital city is home to six million people. “A city can't live without water,” said Claudio Orrego, the governor of the Santiago metropolitan region. “And we're in an unprecedented situation in Santiago's 491-year history where we have to prepare for there to not be enough water for everyone who lives here.”

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While prices have decreased slightly over the past few weeks, the N.J Division of Consumer Affairs has received 92 complaints of price gouging at gas stations in the last month, according to NJ.com(Image created by Lauren Schweighardt/Graphic Designer).
News

Reports of gas price gouging increase, but higher cost has many factors

Gas prices have skyrocketed following Russia’s invasion of Ukraine, with the average price in New Jersey being $4.15 a gallon as of April 3. While prices have decreased slightly over the past few weeks, the N.J Division of Consumer Affairs has received 92 complaints of price gouging at gas stations in the last month, according to NJ.com. The agency said that amount of complaints is more than it has received in the past two years combined, with 39 in 2021 and 15 in 2020. 

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The bill is named after Emmett Till, the 14-year-old Black teenager from Mississippi who was murdered in 1955. According to the New York Times, it makes lynching, defined as the harming or killing of an individual by a group for intimidation purposes, punishable by up to 30 years in prison(Image created by Lauren Schweighardt/Graphic Designer).
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Federal hate crime bill passed and signed by President Biden

Congress has approved a bill making lynching a federal hate crime, following more than 200 previous attempts over more than 100 years, sending the legislation to be signed into law by President Biden. The bill passed the senate on March 7 with unanimous consent, meaning there was no formal vote on the legislation but no senators objected to its passage, according to the Wall Street Journal. It had previously passed the House with a vote of 422-3, with Rep. Andrew Clyde (R-Ga.), Rep. Thomas Massie (R-Ky.) and Rep. Chip Roy (R-Texas) opposing the measure.

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The states allege that Navient, which services 25% of student loans in the U.S., worked with for-profit schools to issue loans to students who could not afford them(Image created by Lauren Schweighardt).
News

Student Loan Firm Navient Reaches Settlement to Cancel $1.7 Billion in Debt

Student loan provider Navient agreed in a settlement to wipe out $1.7 billion of debt and provide $95 million in restitution, following allegations from 39 states that it issued predatory and unfair loans to people who could not afford them. The agreement came on Jan. 13. Affected borrowers, totaling over 66,000, will have their loans cleared as a result of the settlement. 350,000 federal borrowers will also receive checks of $260 in restitution, according to the AP.

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