RECORD STUDENT LOAN MELTDOWN
America’s student debt time bomb just got worse: federal loan defaults have surged to a record, with more than 9 million borrowers now severely behind, up from 5.3 million last June, as the post-pandemic safety net runs out and the pain returns. Roughly one in five federal borrowers is in default, more than $230 billion is now caught in the mess, and the consequences are brutal — wrecked credit, frozen aid, and eventually wage or Social Security garnishment — while nearly 1 million more borrowers are teetering on the edge.
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Today’s Birthday
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James Buchanan "Diamond Jim" Brady (1856)August 12, 2026
Financier and philanthropist "Diamond Jim" Brady exemplified the American Dream. He started out as a bellboy and messenger before getting a job with the New York Central Railroad and then working his way up through the industry, eventually amassing a fortune selling railroad supplies. With his newfound wealth, he indulged in his two greatest weaknesses: food—one restaurant owner reportedly called him "the best 25 customers I ever had"—and jewels. What was supposedly a typical meal for Brady?
Financier and philanthropist "Diamond Jim" Brady exemplified the American Dream. He started out as a bellboy and messenger before getting a job with the New York Central Railroad and then working his way up through the industry, eventually amassing a fortune selling railroad supplies. With his newfound wealth, he indulged in his two greatest weaknesses: food—one restaurant owner reportedly called him "the best 25 customers I ever had"—and jewels. What was supposedly a typical meal for Brady?Today’s Holiday
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Queen's Birthday (Thailand)August 12, 2026
The Queen's Birthday is a nationwide celebration in Thailand of the birthday of Her Majesty Queen Sirikit (b. 1932). Throughout the country, buildings are decorated to honor the queen, but the most splendid are in Bangkok, where buildings and streets are brilliant with colored lights.
The Queen's Birthday is a nationwide celebration in ARTICLE OF THE DAY
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Lake MalawiAugust 12, 2026
The third largest lake in Africa and ninth largest in the world, Lake Malawi is bounded on the west and south by Malawi, on the east by Mozambique, and on the north by Tanzania. Also known as Lake Nyasa—so named by Scottish missionary David Livingstone in 1859—it is approximately 360 miles (580 km) long with an average width of 25 miles (40 km). Fed by 14 rivers, it is home to more than 200 recorded species of fish—making it one of the most species-diverse lakes in the world. How deep is it?
The third largest lake in Africa and ninth largest in the world, Lake Malawi is bounded on the west and south by Malawi, on the east by Mozambique, and on the north by Tanzania. Also known as Lake Nyasa—so named by Scottish missionary David Livingstone in 1859—it is approximately 360 miles (580 km) long with an average width of 25 miles (40 km). Fed by 14 rivers, it is home to more than 200 recorded species of fish—making it one of the most species-diverse lakes in the world. How deep is it?
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