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Worries arise that loan to Saint Augustine's University could threaten school's future

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www.youtube.com – ABC11 – 2024-11-20 17:21:21


SUMMARY: St. Augustine’s University faces significant financial struggles, with millions in debt raising alarms among community members regarding its partnership with Gothic Ventures. Concerns center on the 24% interest loan agreement, which includes a 2% management fee and collateralizes campus properties. Critics fear that failure to repay could lead to the university’s closure. Gothic Ventures, noting the university’s financial challenges, expressed a willingness to discuss modifying the loan terms. Opponents demand changes like lowering the interest rate to 9% or enabling debt transfer to alleviate the strain on the historically Black college and secure its future.

A group of leaders are worried about a $7 million loan given to Saint Augustine’s University. The group includes religious leaders, social justice advocates and SAU alumni. Together, they spent Wednesday raising awareness about the loan and pushing for a solution to the school’s financial challenges.

Story: https://abc11.com/post/saint-augustines-university-despite-financial-accreditation-struggles-leaders-join-forces-push-save-hbcu/15563919/
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News from the South - North Carolina News Feed

Snow coats North Carolina beaches | North Carolina

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www.thecentersquare.com – By Alan Wooten | The Center Square – 2025-01-22 07:09:00

SUMMARY: A rare winter storm brought significant snowfall to North Carolina beaches on January 21, 2025, covering much of the 301-mile coastline. Snow accumulation was particularly notable, with the National Weather Service reporting up to 8 inches in the Outer Banks and around 5-6 inches in Wilmington. Areas like Hatteras Island received about an inch, while Morehead City measured 5.8 inches. This unusual weather pattern saw heavier snow near the ocean and lesser amounts inland, causing dangerous travel conditions. Nationally, over 2,300 flights were canceled, and snowplows were deployed in Florida, marking the first significant snowfall in New Orleans in over a decade.

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News from the South - North Carolina News Feed

North Carolina sues President Trump over birthright citizenship

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www.youtube.com – WRAL – 2025-01-22 03:54:07


SUMMARY: In response to a new executive order from the Trump Administration aiming to ban Birthright citizenship, North Carolina has initiated a lawsuit. Attorney General Jeff Jackson argues the order violates the 14th Amendment, which guarantees citizenship to anyone born in the U.S. Trump’s order seeks to restrict this by denying citizenship to children born to undocumented or temporarily visa-holding parents. Jackson insists this reinterpretation lacks constitutional backing. This legal challenge is part of a broader effort to toughen immigration policies, reflecting ongoing political divides, with 18 Democratic states joining the lawsuit to oppose the executive order.

North Carolina is joining the list of states suing the Trump administration over an executive order targeting birthright citizenship. State Attorney General Jeff Jackson sued over President Trump’s executive order that would stop children of undocumented immigrants– and even some legal immigrants–from receiving citizenship just because they are born in the U.S. WRAL State Government Reporter Will Doran explains what this executive order would change and the lawsuit to stop it.

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Trump to visit western North Carolina on Friday • NC Newsline

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ncnewsline.com – Christine Zhu – 2025-01-21 18:17:00

SUMMARY: President Donald Trump will visit western North Carolina on Friday, his first trip since returning to the White House. During his inaugural address, he criticized the government’s response to Hurricane Helene, which devastated the state in September, causing over 100 deaths and $50 billion in damages. Trump won North Carolina in 2024 and campaigned heavily in the state. He had previously visited in October, criticizing President Biden and FEMA for their handling of the storm. While details of the trip are unclear, Trump is also expected to visit California to address the wildfires. Governor Josh Stein expressed interest in meeting Trump.

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