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Почему рубль недооценен ВДВОЕ? #экономика #финансы #деньги #инвестиции #аналитика



Экономические показатели редко отражают то, что люди чувствуют в повседневной жизни. Именно поэтому инвесторы и аналитики часто ищут альтернативные способы оценки реальной стоимости денег и активов.

Иногда самый простой индикатор оказывается полезнее сложных моделей. Он позволяет увидеть разницу между официальными цифрами и тем, как экономика выглядит на практике.

#экономика #финансы #инвестиции #деньги #валюта #рынки

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The Landlord’s Roadmap to Successfully Scaling From One Rental to Multiple (Without Hiring)


This article is presented by Avail.

It’s common to want more than one rental property. You close on the first one; it cash flows a couple hundred dollars a month after the mortgage and the reserves, and the plan writes itself. So you buy another, then another, until you’re at 10 doors and you’ve stopped trading hours for dollars.

So you buy door two. The problem is, the more rentals you own, the easier it is to keep telling yourself you can hold the whole operation in your head. What worked for one or two units won’t be sustainable for three or more. You know when rent hits, which tenant texts you about the water heater, which one you haven’t heard from in three years, and you know both lease dates. Nothing is written down, and for a while, it feels like it doesn’t need to be, because you are the system.

Door three is where it breaks. It isn’t a bad tenant or a dead HVAC. It’s a Tuesday where you’re answering a maintenance text in a parking lot and trying to remember whether unit two ever sent back the renewal you emailed nine days ago.

Run the math, and you can see it coming. Self-managing takes eight to 12 hours per month per unit in a normal month, plus another 15 to 25 hours every time somebody moves out. Three doors with one turnover means north of 300 hours a year.

Say those doors gross $1,500 each. That’s $54,000 annually, and the property management you’re avoiding would have run you about $5,400 of it. Put another way: you’re working 300 hours a year at roughly $18 an hour just to keep a fee you could eliminate with about an afternoon of setup. The goal here isn’t to talk you into hiring a property manager. It’s to get those hours down so self-managing actually pencils out.

That’s the actual decision at door three: whether the hours come down.

Most landlords bring the hours down themselves. Indeed, 91% of landlords run 10 or fewer units, and only about 17% of individually owned rentals use a property manager.

So this is the road almost everybody takes. The problem is, almost nobody takes it in the right order.

Automate What Happens on a Calendar Before You Automate What Happens on a Surprise

Here’s the mistake I see constantly: Somebody decides to finally get organized, and the first thing they do is build a gorgeous listing template for a unit that isn’t even vacant. It feels productive but does nothing.

Build order should follow frequency, not excitement. Rent gets paid 12 times a year per door, forever. A listing happens once every two or three years. Start with the calendar stuff.

1. Rent collection (do this before you buy door two)

Online rent with Autopay, a feature that automatically withdraws rent from your tenant’s account each month, so payment happens whether they remember to log in or not, is the single highest-leverage thing on this list, and it takes an afternoon to set up. Units on Autopay hit a 99% on-time payment rate. Manual payment is at 87%. That 12-point gap is the difference between running a business and a collections department.

Turn on automatic late fees so the policy is a system instead of a conversation. The lease states the fee, the software applies it, and you never have to be the guy deciding whether to be nice this month (or explaining to tenant A why you were nice to tenant B). In Avail, that’s two toggles.

Encourage your tenants to turn on CreditBoost ($3.95/month), which reports their on-time payments to TransUnion. It’s a small setting with an outsized effect: landlords who have tenants report rent to the bureaus see roughly a 13% bump in on-time payment, because now your tenant has their own reason to pay you on time.

2. Maintenance intake

You need one channel where requests land with a photo, timestamp, and paper trail. Text messages are where maintenance requests go to die, somewhere between a DoorDash confirmation and your mom’s text.

Avail’s maintenance tracking is built for exactly this. Tenants submit through the portal with photos, every ticket carries a status, and the repair cost drops onto your accounting dashboard instead of into a shoebox you’ll open in April. You can auto-forward tickets straight to your plumber. Just don’t let the forward replace your reply to the tenant: more on that below.

3. Screening criteria, written down

Before you screen your next applicant, put your standards on paper:

  • Income multiple
  • Credit floor
  • What eviction history disqualifies
  • Pet policy
  • Smoking

Do it while there’s no actual human in front of you, because the second there’s one plus a vacant unit, your standards get soft. An eviction runs $3,500 to $10,000 once you count legal fees, lost rent, and turnover; turnover alone costs small landlords $1,000 to $2,500 per unit, and the national average time to re-rent is 46 days. Being picky is cheaper than being fast. It is not even close.

Written criteria applied identically to every applicant is also your fair-housing defense, and that matters more with every door you add.

Then get the criteria off the page and into the application itself. Avail runs credit, criminal, and eviction reports through TransUnion as a soft pull, so applying doesn’t ding anybody’s credit score, and Unlimited Plus lets you add custom questions to the application so your standards get asked the same way every single time.

4. Lease and documents

You need one state-specific template and digital signatures, stored somewhere other than in your email inbox.

The reason this sits at No. 4 instead of No. 1 is that leases feel important, so people overinvest in them early. At three doors, you’ll sign maybe two a year. Get a solid lawyer-reviewed template, stop redlining it every time, and move on.

Avail’s templates are state-specific and attorney-reviewed, e-signing is free, and renewals run on an automated flow, so with an Unlimited Plus plan, you can clone and reuse a lease instead of rebuilding one from scratch every 12 months.

5. Listing and marketing

I know it feels like it should be first, but it’s the thing you use least. When you do need it, Avail pushes one listing out to 18+ sites and even offers a rent price analysis so you’re not guessing at the number. It means 10 minutes of work, twice a decade.

What You Never Automate

This is what people get wrong once they finally do get organized, and it’s the part that actually costs money. Here are the things to never automate.

The first human response to a maintenance request

As I mentioned above, don’t let the auto-forward to your plumber replace this. Industry data shows that tenants who get a response within 24 hours renew at 86%. Tenants who wait 72 hours or more renew at 51%. That’s a 35-point swing, larger than any other operational variable tracked, including rent level. And the wild part is that resolution time barely moved the number at all. It was all about the reply.

So automate the intake, never the reply. “Got it, calling the plumber this afternoon” costs you nine seconds and buys you a lease renewal. An auto-response confirming that your request has been received buys you nothing.

The final screening decision

Let the software pull credit, criminal, and eviction reports. You make the call. The report is data. The yes is yours.

The renewal conversation. Start talking to your tenants about renewal 60 to 90 days out, in your own words, from you. Tenants can tell the difference between a person and a template, and the one time you want them to feel like a person is the month they’re deciding whether to stay.

What To Do This Month

If you own one door and are shopping for the second one, do these four tasks before you close:

  • Put autopay and automatic late fees on.
  • Move maintenance to one trackable channel, and tell your tenant it’s the only one you check.
  • Write screening criteria into a document you refuse to reopen during a vacancy.
  • Have your lease on a state-specific template with digital signing.

All four run on Avail, and the core plan is free for unlimited units. Unlimited Plus is $9 per unit a month if you want next-business-day rent deposits, waived ACH fees, and a customizable lease. At three doors, that’s $324 a year against the $5,400 you were trying not to hand a property manager.

Build it at one door, because whatever you’re doing manually at one door, you’ll be doing four times as often at three. And the version of you standing in a parking lot answering a maintenance text is not going to have time to build it then.

Sign up for Avail for free today and start scaling without adding hours.

KKR to acquire minority stake in BookMyShow, the company behind Coldplay and Ed Sheeran’s India concerts


Investment firm KKR has agreed to acquire a minority stake in BookMyShow, the Indian ticketing and live entertainment company.

The deal gives KKR a position in the business whose live division, BookMyShow Live, has staged concerts in India by Coldplay, Ed Sheeran, Travis Scott, Guns N’ Roses and Post Malone.

KKR will make the investment through funds it manages, under definitive agreements signed on Wednesday (August 19).

Financial terms of the KKR investment were not disclosed, and the transaction is subject to regulatory approvals.

Founded in 2007, BookMyShow is owned and operated by Bigtree Entertainment Pvt. Ltd. and says it operates across more than 700 towns and cities in India.

Its ticketing platform covers over 7,000 cinema screens, while BookMyShow Live handles talent and IP acquisition, production, promotion and audience development for concerts, theatricals and sports.

Past BookMyShow Live properties include Lollapalooza India, U2‘s The Joshua Tree Tour, the NBA‘s debut games in India, Disney‘s Aladdin and Cirque du Soleil BAZZAR.

“We believe BookMyShow will play an important role in advancing India’s ambition to become a global entertainment hub and a premier destination for leading artists and acts from around the world.

Akshay Tanna, KKR

Akshay Tanna, Partner and Head of India Private Equity at KKR, said: “BookMyShow has been a pioneer in delivering high-quality entertainment experiences in India.

“We are pleased to support BookMyShow as it continues to lead the next phase of growth in India’s out-of-home entertainment sector.

“We believe BookMyShow will play an important role in advancing India’s ambition to become a global entertainment hub and a premier destination for leading artists and acts from around the world.

“We look forward to combining our deep local knowledge with our global investment experience and network to support BookMyShow in its next stage of transformation and further elevate the world-class experiences it delivers to audiences across India.”

“The timing of this investment is particularly exciting, as we have significantly expanded our presence across the live entertainment landscape and are seeing the opportunity for India‘s entertainment economy grow like never before.

Ashish Hemrajani, BookMyShow

Ashish Hemrajani, Founder and CEO of BookMyShow, said: “We are delighted to welcome KKR as an investor in BookMyShow.

“Their global perspective, deep expertise and strong understanding of consumer businesses will be invaluable as we enter the next phase of our journey.

“The timing of this investment is particularly exciting, as we have significantly expanded our presence across the live entertainment landscape and are seeing the opportunity for India‘s entertainment economy grow like never before.

“We are also grateful to our longstanding investors Network18 (part of Reliance Industries Limited), Accel Partners, Elevation Capital, Stripes Group, and TPG for their continued support.”

The investment adds to KKR‘s presence in live entertainment and music.

In 2024, the firm acquired European festivals company Superstruct in a deal valued at around $1.4 billion.

Alongside Dundee Partners, KKR also established music-rights platform Chord Music Partners by acquiring a catalog from Kobalt for $1.1 billion in 2021.

KKR sold its stake in Chord to a consortium led by Dundee in 2024 – a transaction that also saw Universal Music Group acquire a 25.8% stake in Chord.

Other entertainment/media investments from KKR in recent years have included ByteDance, Epic Games, PlayOnSports, OverDrive, and Simon & Schuster.

BookMyShow sits at the center of an India live-events market that grew 44% year-on-year in 2025, according to a recent FICCI-EY report.

The company co-promoted Travis Scott’s India shows with Live Nation, which drew more than 125,000 fans across two dates, MBW reported.

Beyond India, BookMyShow says it operates in Singapore, Indonesia, Malaysia, the UAE and Sri Lanka.

Avendus Capital served as exclusive financial advisor to BookMyShow on the deal, with Trilegal acting as legal advisor.Music Business Worldwide

Comptroller Gould Discusses Digital Asset Innovation, GENIUS Next Steps


This post was originally published on OCC.gov

WASHINGTON—Comptroller of the Currency Jonathan V. Gould today discussed the Office of the Comptroller of the Currency’s (OCC) work under the leadership of President Donald J. Trump and U.S. Secretary of the Treasury Scott Bessent to support the Administration’s efforts to grow the economy and lead the global digital currency revolution, in a Fireside Chat at the Wyoming Blockchain Symposium in Jackson Hole, Wyoming.

Excerpts from Comptroller Gould’s discussion are below. His full discussion can be found here.

On de novo chartering and digital assets

Since President Trump took office, so over the last 18 or so months, we have received 40 applications for new bank charters in this country. Over half of those bank charters in the business plans for those bank charters involve some form of digital asset activity. So that’s 23 out of 40. That’s an eightfold increase from the four years of the Biden administration. So that tells you about where the puck is going. We are now seeing when we look out further, when I look out further to the pipeline of potential applicants for bank charters, it is becoming ordinary course to involve and integrate payment stablecoins, etc. in the business plans that we are now seeing presented to the OCC for consideration.

On the GENIUS Act

We were working on the rule even before the President actually signed the bill into law. We will have a final rule out by November, so we are working with great speed here.

We are witnessing the birth of a new industry in the form of payment stablecoins.

Looking ahead

We’re very excited about the prospect of stablecoins and our role in that regulatory and supervisory landscape. It actually brings us back to our original mission back in the 1860s when we were created, which is ensuring that the reserve assets backing then national bank issued notes were of the same level of quality. That’s exactly analogous to what Congress has tasked us with doing with respect to payment stablecoins.

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Fortune 500 companies got billions in tariff refunds. Here’s who’s giving customers a cut



Some of America’s biggest companies are receiving hundreds of millions of dollars in tariff refunds, or booking even larger financial benefits. However, many consumers are wondering if those refunds will find their way back into their wallets. 

After the Supreme Court ruled that the International Emergency Economic Powers Act did not give the president authority to impose tariffs, major Fortune 500 companies, including Amazon and Target, have received hundreds of millions of dollars in tariff refunds. Some have pledged to issue refunds to consumers who bore increased costs thanks to the tariffs, while others have stayed mum on the subject. 

The Trump administration said as of July 31, it certified $100 billion in tariff refunds, including interest, out of the $166 billion it collected. 

Companies that received cash

Amazon, ranking No.1 on the Fortune 500, stands out as one of the largest companies to have already collected refunds. The e-commerce giant said “we received approximately $640 million of tariff refunds under the International Emergency Economic Powers Act (“IEEPA”),” during the second quarter of 2026, according to its SEC filing. The amount represented the “significant majority of refunds” it expects to receive. Amazon has said it may offer refunds to only a limited number of customers impacted by the tariffs.

Target received almost a billion dollars in refunds during the second quarter, it said on Wednesday. The department store received $994 million in tariff refunds, adding $752 million to net earnings for a total of $1.88 billion and $1.65 to earnings per share. 

Target CFO Jim Lee confirmed the company will not issue refunds as a result of the company’s IEEPA refunds, but will use the money towards bringing lower prices. “We have, and we will continue to, invest in price to ensure our guests are getting tremendous value each and every time they visit us at Target,” Lee told Modern Retail.

Nike has also recovered most of what it was owed. The sportswear company said it expected to recover $986 million. According to its filing, Nike had received $302 million as of May 31, and recorded another $684 million as “outstanding IEEPA tariff receivable.” Nike has remained quiet on whether consumers will see any refunds, even as consumers sue the company for not refunding tariff-related costs.

FedEx is a different case—the company and its competitor UPS have begun returning refunds to consumers earlier this month. The delivery company said its reported cash balance included approximately $800 million in IEEPA tariff refunds, but that money was being held for refunds to customers, according to its filing. FedEx previously sued the federal government seeking a full refund of tariffs it had paid.

Received refunds, but unclear how much

The results are mixed for automakers. Ford reported a $1.3 billion one-time tariff benefit reflecting tariffs it paid between March 2025 and February 2026, per its filing, even as the company sued the Trump administration over refunds. Similarly, General Motors separately recorded a $500 million favorable adjustment tied to previously charged tariffs, which GM said it believed were refundable in its filing. Neither disclosure, however, confirms that the full amount had already been received in cash. Stellantis, the maker of Jeep and Ram, received a tariff refund of €400 million (about $467 million).

Other companies have reported large financial benefits without making clear how much has actually been received.

Apple reported a boost from tariff refunds, disclosing that the refunds added approximately two percentage points to its fiscal third-quarter gross margin and contributed 11 cents to diluted earnings per share. Apple said it will invest its tariff refund into domestic manufacturing. 

For other major companies, the tariff refund situation is unclear after they sued the Trump administration for refunds. 

Costco said it would issue tariff refunds to consumers after being hit with four class action lawsuits alleging the company passed on the tariffs costs and raised prices. Kohl’s, which paid about $190 million in tariffs, applied for roughly $140 million in refunds but said in its latest quarterly filing that it had not received any payments. Home Depot said in its May quarterly filing that it received an “immaterial amount” after the quarter ended, and its Aug. 18 earnings release said its guidance “includes IEEPA tariff refunds, which are expected to partially offset unplanned fuel, energy, and other product input costs.” Other companies that also sued the Trump administration include Revlon, J. Crew, and Bumble Bee Foods. 

Walmart said in a May disclosure that its financial guidance did not assume any impact from tariff refunds, saying it won’t offer refunds to consumers but that it will put that money toward lowering prices. Tesla was similarly cautious in its latest quarterly filing, stating that it may be eligible for refunds of previously paid tariffs, but that the recoverability and timing remained uncertain. The company previously sued the Trump administration over its China tariffs in 2020. 

Better sues Garg as founder renews comeback efforts



Vishal Garg isn’t backing down from the company he founded.

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The ex-CEO of Better Home & Finance is formally soliciting shareholder support for his comeback bid, after the lender cried foul over his initial attempts to rally shareholders. The company sued Garg Tuesday in federal court for alleged violations of securities laws, as the fallout from his departure continues. 

Garg left his CEO post Aug. 3, in a move Better initially described as a mutual agreement before characterizing it as a firing. It replaced him with interim Daniel Lewis, a former hedge fund boss. While the board, Garg and Lewis commended the transition in a press release that day, Garg and Lewis have since publicly criticized each other over the ex-CEO’s prior performance, and the new CEO’s leadership as the company’s stock dips.

Better’s lawsuit accuses Garg of misleading shareholders regarding the majority support he alleged to have in his initial bid to return to the CEO post. In an amended Securities and Exchange Commission filing Tuesday, Garg acknowledged an “administrative error” regarding the pledged amount of shareholder support he professed, because of information provided by “the Company’s in-house Securities and Regulatory Counsel.”

Garg however also filed for a formal solicitation of shareholders. He recognized the lawsuit in his filing and called the allegations without merit, pledging to defend against the accusations.

The dispute

The former CEO began his comeback attempt last week, retaining high-profile counsel and issuing demands to Better’s board of directors. His attorneys said Garg held signed declarations from investors representing a majority of the company’s shareholders, who supported his multi-layered return plan. 

Garg proposed replacing Lewis with himself and removing most of the company’s directors. He pledged to work for a $1 salary until the company became profitable, and to embark on an independent search for a long-term CEO. The new plan also includes a $30 million stock buyback and a $5 million personal investment as part of a 10b5-1 stock plan. 

Better balked at those demands and accused Garg of miscommunicating the amount of shareholder support he secured, noting different numbers he quoted in a television interview and a text message to a shareholder. The lender also suggested Garg bypassed SEC rules in quickly assembling his shareholder group without proper disclosures. 

The lawsuit asked a judge to force Garg to file accurate SEC filings regarding his group, and to cease improper solicitation of shareholders.

New developments

This week Garg filed amended disclosures, revealing that he and his affiliated entities own 13.7% of the company’s voting stock, which they’re using to launch the formal solicitation. In addition to seeking to reshape leadership, seeks to repeal bylaws passed after August 2023 to prevent current directors from halting his return attempt.

Garg also described a detailed timeline of events following his departure, including rising concerns from employees, investors and business partners over the company’s immediate stock decline. The ex-CEO told board members he would return to work alongside Lewis, who doesn’t have fintech and AI experience, and they in turn allegedly invited Garg to demonstrate a majority of shareholder support, leading to the latest developments.

The ex-CEO also criticized Better’s post-departure conduct. That included criticizing its handling of a joint signing off of a recent earnings statement, and stating that directors acknowledged factual inaccuracies in Better’s first press release in response to Garg’s comeback efforts. 

Adding to his social media critiques, Garg wrote that Lewis is reputedly running Better from his chateau in the south of France for the remainder of the summer, in contrast to Garg’s on-the-ground management efforts. 

Better’s stock fell drastically after Garg’s removal, from a height of $27.30 per share on the afternoon of his final day, to $17.27 per share the following trading session. The stock has since sputtered, but ticked up in early trading Wednesday to $13.35 per share. 



Is Your Organizational Culture Too Nice?


We recently wrote about the need for leaders to be less “nice” and more “good”: to reduce their focus on making people feel comfortable and instead lean in on the hard conversations and decisions needed to strengthen organizational performance. From our experience, those leaders who overcome their fear of hurting or disappointing others and begin to put results first can better ensure the ongoing success of their organizations as a whole.



4 Crore Loss in Crypto #hafizahmedpodcast #duckybhai #viralshorts #crypto



In this special Eid edition of the Hafiz Ahmed Podcast, we feature the one and only Ducky Bhai, Pakistan’s top YouTuber and digital content creator. This exclusive discussion covers a variety of exciting topics, including Eid celebrations, social media earnings, and the booming world of cryptocurrency. Ducky Bhai shares insights into how influencers can make money online, the ups and downs of content creation, and the potential of digital investments.

Additionally, the podcast delves into the much-talked-about Rajab Butt and Sham Idrees controversy, where Ducky Bhai shares his candid views on the ongoing drama in the YouTube community. From lighthearted Eid moments to serious discussions about online feuds, this episode is packed with entertainment, valuable insights, and behind-the-scenes stories you won’t want to miss!

#hafizahmedpodcast #duckybhai #youtuber #podcast

Hafiz Ahmed is an Amazon Best Seller, E-Commerce Expert, and Entrepreneur. He educates his followers through his videos by sharing his personal and professional experiences in Pakistan and throughout the world. He also holds seminars both worldwide and locally to help Pakistanis overcome unemployment, which is the country’s most serious problem.

In today’s fast-paced world, it is critical for businesses to have an efficient marketing plan that gives a favorable return on investment and raises brand awareness
He established the Virtual Assistant Mentorship program to continue training and supporting virtual assistants while also assisting them in finding new employment and projects.
You are welcome to observe that Hafiz Ahmed appears on practically all of Pakistan’s main TV channels as an E-Commerce expert and analyst. Please follow Hafiz Ahmed’s official YouTube channel to receive frequent updates on E-Commerce and other current problems.
To get in touch with Hafiz Ahmed please email at info@hafizahmed.pk or What’s app @ +92 345 4466282.
Follow Hafiz Ahmed on Facebook;

#amazon #HafizAhmed #onlineEarning

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Federal Guidance Bans Race-Based School Discipline: What Families Should Know Now


The U.S. Department of Education issued a Dear Colleague Letter on August 18, 2026 telling every school that receives federal money (preschool through graduate school) that considering a student’s race when handing out discipline violates Title VI of the Civil Rights Act of 1964 and the Constitution, except in circumstances the letter calls “rare and exceedingly narrow.”

Assistant Secretary for Civil Rights Kimberly M. Richey signed the 20-page document. Alongside it, the Office for Civil Rights opened Title VI investigations into two districts: Fayetteville, Arkansas, and Milwaukee, Wisconsin. The letter is the follow-through on a final rule published July 24, 2026 that stripped “disparate impact” provisions out of the Department’s Title VI regulations amidst the ongoing fight over how much of the Department of Education survives at all.

“Disparate Impact” is the legal theory that a rule can be discriminatory because of its outcomes, even when the rule itself never mentions race and nobody intended to discriminate. It is now gone from the Department’s discipline enforcement. Intentional discrimination remains illegal and the office that investigates it is itself the subject of a congressional fight over which agency should oversee it.

Why It Matters

About 49.6 million students attend U.S. public schools, according to the National Center for Education Statistics. When it comes to discipline issues, their suspension and expulsion records follow them into college applications, scholarship decisions, and sometimes juvenile court.

This letter changes the federal standard those decisions get measured against which is why it belongs in the same conversation as the transfer of civil rights oversight out of the Education Department.

Parents are going to see two very different headlines about the same PDF this week, and both will be technically accurate.

What The Letter Actually Says

The change in direction boils down to four points:

  • Statistics alone no longer prove a violation. A district whose suspension numbers skew by race is not, on that basis, in violation of Title VI. Proving a violation now requires evidence of intent or of a student being treated differently because of race.
  • Neutral codes of conduct are protected. Mandatory-punishment policies, and discretionary categories like “classroom disruption,” “disrespect,” and “insubordination,” are lawful as long as they are applied evenly and were not adopted because of race.
  • Adjusting policy to close a racial gap is itself flagged as discrimination. The letter draws a fine line: designing discipline rules to be fair to everyone is fine, but reviewing your racial discipline data and changing decisions because of what it shows is not.
  • The guidance carries no force of law. Footnote 1 and footnote 124 both say so plainly: it “does not determine anyone’s rights or obligations or have direct legal consequences.” This signals how OCR intends to investigate, nothing more.

The Department of Education backs its position with teacher survey data from the Fordham Institute:

  • 86% of classroom teachers call suspensions useful for signaling to parents that an infraction was serious
  • 84% for removing disruptive students so others can learn
  • 79% for keeping schools safe

The letter also highlights a chart showing reported firearms in schools falling to 283 in 2019–20 before climbing to 718 in 2022–23, and attributes the swing to the policy shifts of each administration. That is a correlation the letter presents as cause, and it is fair to read it skeptically.

What Critics Say

Sixty civil rights and education organizations (among them the Legal Defense Fund, the Lawyers’ Committee for Civil Rights Under Law, the National Women’s Law Center, and the Education Law Center) condemned the underlying rule in July, writing that it “has no basis in law or morality” and would “clear the way for discrimination that too often deprives students of equal educational opportunity.”

Their main objection: intent is extremely hard to prove, so removing the statistical route leaves families with a right that exists on paper and is difficult to enforce. Rep. Bobby Scott, in a statement, said the change would “drag America back to the Jim Crow era.”

The rule was finalized without a public comment period, which is a separate procedural complaint several groups raised and a likely basis for litigation, much like the challenges that have reached federal courts over other Education Department actions.

What This Means For Your Family, In Simple Terms

Nothing changes at your child’s school tomorrow. Codes of conduct are written by school boards under state law, and this letter does not rewrite them. If your district built race-conscious review steps into its discipline process (some did, under pressure from prior federal guidance) those steps are now legal exposure, and you may see them disappear. If your district never did, you likely will not notice anything.

If you believe your child was punished differently because of race, you can still file an OCR complaint, because racial discrimination in discipline is still illegal.

What changed is the evidence: pointing at district-wide numbers is no longer enough on its own. You need the comparison of a similarly situated student of a different race who committed a similar offense and got a different consequence. Keep the paperwork. Request the incident reports and the discipline records in writing.

This Dear Colleague Letter is about Title VI only. Discipline protections for students with disabilities under IDEA and Section 504, and due process rights under state law, are untouched by it.

If a headline suggests your child lost civil rights protections, that overstates what the document does. If a headline suggests the change is purely technical, that understates the practical difficulty critics are describing. The honest read sits between them, which is also true of most coverage of what dismantling the Education Department would actually look like.

How This Connects

The College Investor has tracked the Department’s restructuring closely, from the executive order directing its wind-down to an inspector general finding that staff cuts of roughly 40% gutted oversight capacity.

Enforcement standards matter less when the office enforcing them has fewer investigators, which is why Senate efforts to block the office transfers are worth watching alongside the guidance itself.

For families weighing a switch to private school over discipline or safety concerns, the 529 rules for K-12 tuition may be helpful depending on your state. So could the new Education Freedom Tax Credit.

Editor: Colin Graves

The post Federal Guidance Bans Race-Based School Discipline: What Families Should Know Now appeared first on The College Investor.

Save $50 on JetBlue Flights with Citi Cards, Must Spend $400+


Citi Merchant Offer for JetBlue Flights

Citi is targeting select cardholders with a new offer that can save you $50 on JetBlue flights.

Citi Merchant Offers are similar to Amex Offers and Chase Offers. With these offers, Citi credit cardholders can unlock additional savings and benefits when making purchases with select merchants. These offers often include discounts, cashback rewards, or special promotions tailored to cardholders’ spending habits and preferences. Let’s see the details of this latest JetBlue Citi Merchant Offer.

Offer Details

  • Purchase any JetBlue flight valued at $400 or more and receive $50 back.
  • May be redeemed 1 time(s) by September 30, 2026.
  • Find your Citi Merchant Offers here.

jetblue citi offer 2026

Important Terms

  • Offers cannot be combined or stacked with other offers.
  • If a merchant processes your online order in separate transactions, you may only earn an award on the first processed transaction if it meets all other offer criteria. 

Guru’s Wrap-up

With this JetBlue offer from Citi you can save $50 when you spend $400 or more on flights. This is a good offer for paid flight or paying fees, as it gets you up to a 12.5% discount. The transaction must take place before the expiration date, but the actual flight can be at a later time.

You can take advantage of this offer by simply using your Citi credit cards for eligible transactions. Just make sure you enroll in the offer first, before making a purchase. You can enroll multiple Citi credit cards for this same offer, as long as the offer shows up in that account.