The Biden administration announced plans this week to reduce the student loan burden for millions of people in the U.S. WSJ’s Gabriel T. Rubin explains how the plan involves retooling an existing program that has enrolled millions of people but provided few with relief.

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How Biden Plans to Tackle Student Debt

The most important stories about money, business and power. Hosted by Kate Linebaugh and Ryan Knutson, with Jessica Mendoza. The Journal is a co-production of Spotify and The Wall Street Journal.

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WSJ’s Julie Wernau wanted to test a hypothesis: are there more mentally ill homeless people now, compared to before the pandemic? That question led her to Rob Dart. Once a successful lawyer, in 2022 he went into a downward spiral, which his family has not been able to stop despite their best efforts.



Further Reading:

- A Lawyer Abandoned Family and Career to Follow the Voices in His Head 

- A Lawyer’s Slide Into Psychosis Was Captured in a WSJ Profile. He Tells Us His Story. 



Further Listening:

- America's Maternal Mental Health Crisis 

- Evicted on Wood Street: California's Housing Crisis 



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A Lawyer Says He Doesn't Need Help for Psychosis. His Family Disagrees.

Starbucks has a problem: Sales at U.S. stores have fallen sharply and now the company is looking to China, its second biggest market, to boost its revenue. But as WSJ’s Spencer Jakab explains, increased competition there is making that a tall order. 



Further Reading: 

-Starbucks Is Running Out of Americans to Drink Its Expensive Coffee 

-The Furious Race for the Future of Coffee



Further Listening: 

-The Underdog Coffee Bean That’s Making a Comeback 

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Can Chinese Customers Rescue Starbucks?

London and Dubai's international airports have become conduits for billions of dollars of illicit funds, potentially linked to corruption, drug trafficking and other crimes. WSJ's Margot Patrick explains how couriers in one money-laundering operation transported millions in dirty money on flights.



Further Reading:

- Billions in Dirty Money Flies Under the Radar at World’s Busiest Airports 



Further Listening: 

- How The Government Tied One Couple to Billions in Stolen Bitcoin 



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The Suitcases Full of Cash Flowing Through Airports

Tesla announced last week that it’s laying off the team responsible for the biggest electric-vehicle charging network in the U.S. The move comes as consumer demand for EVs is dwindling. WSJ’s Jennifer Hiller reports on how the layoffs shocked the industry and how the change will impact efforts to build out a national EV charging network.



Further Reading:

-Tesla Is Pulling Back From EV Charging, and People Are Freaking Out 

-As Electric-Vehicle Shoppers Hesitate, Hybrid Sales Surge 



Further Listening:

-Money, Drugs, Elon Musk and Tesla’s Board 

-How China’s BYD Overtook Tesla 

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Why Is Tesla Pulling Back on EV Charging?

Walmart is offering higher pay, bonuses and more stock options this year to retain and attract managers. WSJ’s Sarah Nassauer spent a day with one manager, Nichole Hart, to understand why the job is commanding such a high salary these days, and why Hart logs about 20,000 steps a day.



Further Reading:

- A Day in the Life of a Walmart Manager Who Makes $240,000 a Year 

- Walmart Takes On Trader Joe’s and Whole Foods With New Premium Brand 

Further Listening:

- What Walmart’s Aisles Say About the American Consumer 



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How Biden Plans to Tackle Student Debt

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