UCI News

The New York Times, Aug. 25, 2022
DealBook Newsletter – Investors face billions in hidden costs
Retail investors using some of the most popular brokers and investing apps may be spending billions of dollars annually on invisible costs, new research shows. A team of finance professors, led by [Professor] Christopher Schwarz of the University of California, Irvine, executed 85,000 trades — using their own money — from December to June through five retail brokers: E-Trade, Fidelity, Interactive Brokers, Robinhood and TD Ameritrade. [Subscription required, campus-wide access provided by UCI Libraries. Sign-up here: https://guides.lib.uci.edu/nytimes]

Los Angeles Times, Aug. 24, 2022
Student loan forgiveness: Here’s who’s eligible and for how much in California
Relief is coming soon to millions of Californians burdened by student loan debt. For many, though, the debt forgiveness offered by the Biden administration will just lighten the load, rather than remove it entirely. “High levels of debt burden mortgage young people’s minds, redline our schools, and discourage capable, hardworking people from getting advanced training and giving back to society,” said Jeanne Scheper, a debt-forgiveness advocate and author who chairs the Department of Gender and Sexuality Studies at UC Irvine. “Debt is not a personal failure but is a result of persistent structures of inequality.” [Subscription required, you can request an electronic copy of the article by sending an email to communications@uci.edu.]

KPCC – AirTalk, Aug. 24, 2022 (Audio)
President Biden Announces Long-Awaited Student Loan Forgiveness Plan. How Will It Impact You?
President Joe Biden on Wednesday announced his long-awaited plan to deliver on a campaign promise to provide $10,000 in student debt cancellation for millions of Americans — and up to $10,000 more for those with the greatest financial need — along with new measures to lower the burden of repayment for their remaining federal student debt. … Today on AirTalk, Jim Tankersley, White House correspondent for the New York Times who focuses on economic policy, and Dalié Jiménez, professor of law and director of the Student Loan Law Initiative at UC Irvine, join Larry to discuss the latest.

Bloomberg, Aug. 25, 2022
Cities Brace for This Season’s Colliding Climate Disasters
“In cascading events, the sequence, timing and order of events really matter,”  says Amir AghaKouchak, a professor of environmental and civil engineering at the University of California, Irvine. He adds that some events can take place over years, making it harder for scientists to model or predict their risks. … The upcoming challenge is to turn science into policy, says AghaKouchak. “I think cities and states need to spend more resources on planning for future extreme scenarios, exploring potential grey swan events,” he said.

DownBeat, Aug. 23, 2022
The Future Is JoVia Armstrong
JoVia Armstrong specializes in creating sonic universes. That ingenuity goes beyond her gifts as a drummer, percussionist and composer as evidenced by her debut album, The Antidote Suite (Black Earth Music), an engrossing, Afrofuturist voyage centered on healing. … In late May, she was preparing for the oral defense of her doctorate dissertation, “Black Space: Composing Meditative Music Through the Black Lens to Combat Unconscious Bias,” at the University of California Irvine. There, she was a doctoral degree candidate in the Integrated Composition Improvisation and Technology program.

Previously “In the News”