Trump Taps Palantir to Compile Data on Americans; Palantir at the Heart of Iran - New World Next Week; Six Million Student Loan Borrowers On Track To Have Wages Garnished
Trump Taps Palantir to Compile Data on Americans
“The Trump administration has expanded Palantir’s work with the government, spreading the company’s technology — which could easily merge data on Americans — throughout agencies.
In March, President Trump signed an executive order calling for the federal government to share data across agencies, raising questions over whether he might compile a master list of personal information on Americans that could give him untold surveillance power.
Mr. Trump has not publicly talked about the effort since. But behind the scenes, officials have quietly put technological building blocks into place to enable his plan. In particular, they have turned to one company: Palantir, the data analysis and technology firm.
The Trump administration has expanded Palantir’s work across the federal government in recent months. The company has received more than $113 million in federal government spending since Mr. Trump took office, according to public records, including additional funds from existing contracts as well as new contracts with the Department of Homeland Security and the Pentagon. (This does not include a $795 million contract that the Department of Defense awarded the company last week, which has not been spent.)
Representatives of Palantir are also speaking to at least two other agencies — the Social Security Administration and the Internal Revenue Service — about buying its technology, according to six government officials and Palantir employees with knowledge of the discussions.
The push has put a key Palantir product called Foundry into at least four federal agencies, including D.H.S. and the Health and Human Services Department. Widely adopting Foundry, which organizes and analyzes data, paves the way for Mr. Trump to easily merge information from different agencies, the government officials said.
Creating detailed portraits of Americans based on government data is not just a pipe dream. The Trump administration has already sought access to hundreds of data points on citizens and others through government databases, including their bank account numbers, the amount of their student debt, their medical claims and any disability status.
Mr. Trump could potentially use such information to advance his political agenda by policing immigrants and punishing critics, Democratic lawmakers and critics have said. Privacy advocates, student unions and labor rights organizations have filed lawsuits to block data access, questioning whether the government could weaponize people’s personal information.
Palantir’s selection as a chief vendor for the project was driven by Elon Musk’s Department of Government Efficiency, according to the government officials. At least three DOGE members formerly worked at Palantir, while two others had worked at companies funded by Peter Thiel, an investor and a founder of Palantir.
Some current and former Palantir employees have been unnerved by the work. The company risks becoming the face of Mr. Trump’s political agenda, four employees said, and could be vulnerable if data on Americans is breached or hacked. Several tried to distance the company from the efforts, saying any decisions about a merged database of personal information rest with Mr. Trump and not the firm.”
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Palantir at the Heart of Iran - New World Next Week
“This week on New World Next Week: It turns out Palantir was at the heart of the IAEA's program for checking Iran's nuclear compliance; GM crops are causing a rise in pesticide use in complete contradiction to the GM propaganda; and the pharmaceutical-industrial complex are going to start their own pharma recommendation committee!”
[“International Atomic Energy Agency (IAEA) seeks to promote the peaceful use of nuclear energy, and to inhibit its use for any military purpose, including nuclear weapons.” - JRD]
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Six Million Student Loan Borrowers On Track To Have Wages Garnished
“It’s 2 million now with another 4 million projected. And jobs are harder to find.”
“The Wall Street Journal reports Nearly Two Million Student-Loan Borrowers Are at Risk of Docked Pay This Summer
Roughly six million federal student-loan borrowers are 90 days or more past due after a pandemic-era reprieve ended, according to TransUnion. The credit-reporting company estimates that about a third of them, or nearly two million borrowers, could move into default in July and start having their pay docked by the government. That’s up from the 1.2 million that TransUnion had estimated in early May.
An additional one million borrowers are on track to default by August, followed by another two million in September. Borrowers fall into default when they are 270 days past due.
Wage garnishment is also set to restart this summer. Until past due payments are paid in full or the default status is resolved, borrowers could see up to 15% of their wages automatically deducted from their paychecks.
Borrowers who have been newly reported as delinquent since then on their student loans have seen an average 60-point drop in their credit scores, according to TransUnion. Nine percent of borrowers who fell into delinquency were current on their payments by April, according to TransUnion.
The Education Department has been urging borrowers to resume payments and emphasizing the consequences. Roughly 43 million borrowers owe more than $1.6 trillion in student-loan debt.
More than nine million of them are expected to see their credit scores drop this year, according to data from the New York Fed released in March.
This is no small deal. Millions of zoomers and millennials are spending every penny right now and struggling.
Now come wage garnishment up to 15 percent.
And those graduating now are struggling with a much tougher job market.”
“Gen Z College Grads Hit the Job Market at the Worst Possible Time”
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