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WELL, THAT WON’T DO MUCH TO BOOST THAT ANEMIC GROWTH: The Coming Tax Increase. “The debt held by t…

WELL, THAT WON’T DO MUCH TO BOOST THAT ANEMIC GROWTH: The Coming Tax Increase. “The debt held by the public has approximately doubled since President Obama took office and is now equal to 74% of gross domestic product. It is true that with the right policy mix, economic growth—stuck at just over 2% during the […]

7 Simple Mistakes That Can Put Even Smart People Deep in Credit Card Debt

I ran up $28,710 in credit card debt by not being careful. Here's what I did wrong. @MindaZetlin

In Russia, debt collectors may sexually assault you or burn your children to get you to pay up

13 hours agoHumor / odd : Boing Boing

And you thought debt collection tactics in the United States were bad. “They have stripped and sexually abused a woman, severely burned a toddler by firebombing a house and broken a woman’s pinkie as a warning.” (more…)

Willie Nelson, Who Saved His Career & His House With The IRS Tapes, Turns 83

Happy birthday, Willie Nelson! The country legend - who once found himself in massive trouble with the IRS - turns 83 this week. How did he pay off his tax debt? He made music, of course.

6 crucial tips to help you crowdfund responsibly for someone else

It's hard to talk about financial struggles in the digital age without talking about crowdfunding. Whether it’s raising money to support your new invention or for more personal needs, like hospital bills and college debt, crowdfunding...Show More Summary

Lazear:America’s Coming Tax Increase

Wall Street Journal op-ed: America’s Coming Tax Increase (data here), by Edward P. Lazear (Stanford): The debt held by the public has approximately doubled since President Obama took office and is now equal to 74% of gross domestic product. It is true that with the right policy mix, economic growth—stuck...

Funny Pictures – April 30, 2016

18 hours agoHumor / odd : Off Stuff Magazine

Secret Message. via Co-workers. via Where will you be when debt hits? via My father-in-law accidentally left his pedometer in his pants pocket and it went through the wash. via Why I run. via Level 99 crazy cat lady. via Stay safe out there! via My ex sent me a postcard. via May this man […]

CREDIT SUISSE: Don't worry, China is no Lehman Brothers in the making

China's debt boom is back on. The question is whether it ends in a bang or a whimper. The world's second largest economy added 2.34 trillion yuan ($362 billion) of new debt in March, far exceeding the median forecast of 1.4 trillionShow More Summary

Taking the Student Debt Challenge

Repaying your student loans can be a serious challenge. In fact, around 20% of federal direct student loan borrowers in repayment are at risk of defaulting or are already in default. There are lots of options out there to make repaying easier, but they can be confusing and hard to find. Not to mention the student debt help scams out there.

US Treasury Secretary to Discuss Puerto Rico Debt Crisis

US Treasury Secretary Jacob Lew will travel to Los Angeles, California next week to discuss the urgent financial situation in Puerto Rico, the US Department of the Treasury said in a statement.

Puerto Rico government bank reaches debt deal with some credit unions

By Nick Brown SAN JUAN (Reuters) - Puerto Rico’s Government Development Bank said it has reached a deal with credit unions to avoid defaulting on about $33 million of debt due on Monday. The GDB, Puerto Rico’s primary fiscal agent, said...Show More Summary

Zywicki on Debt

(April 29, 2016 06:50 PM, by David Henderson) The headlines are alarming. The New York Times panicked that Americans are "Running in Debt" and just a few years later warned that Americans were "Borrowing Trouble." Business Week asked, "Is the Country Swamped with Debt?" and U.S. News and... (1 COMMENTS)

How Student Debt Disproportionately Affects Low-Income Black Students

According to a new study, not only are the odds of student loan indebtedness twice as high for low-to-moderate income black students as they are for low-to-moderate income white students, but low-income black students have nearly $8,000 more in student debt than their white counterparts.

For Nebraska’s Poor, Get Sick And Get Sued

Cheap court fees and looser rules make suing over medical debts as small as $60 easy. Every year Nebraska collection agencies file lawsuits by the tens of thousands. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

Weekly Legal Education Roundup

Above the Law, Are Average Student Loan Debt Figures Misleading? Above the Law, Are Law Schools Just Liberal Indoctrination Factories? Above the Law, New York’s February Bar Exam Results Reveal Worst Pass Rates In More Than A Decade Eric Adams (Alberta), The Dean Who Went to Law School: Crossing Borders...

Student Loan Debt Reaches $1.3 Trillion, President Obama Expands Repayment Options

The White House recently unveiled a new website that specifically caters to educational or student loans payments. The effort is part of a series of initiatives put forth to improve the way the government collects these fees. According to reports, government agencies are now working to provide 43 million Americans, who have $1.3 trillion in... Show More Summary

Seadrill Makes First Step Toward Refinancing

By Stephen Treloar and Mikael Holter (Bloomberg) — Seadrill Ltd., the offshore driller with the biggest debt load, reached a deal with its banks to extend its three nearest credit lines and amend covenants as it seeks to ease its burden amid a drop in the demand for offshore rigs. Show More Summary

In Praise of Email Debt Forgiveness Day

We live in an age of Days. On the internet, invented occasions proliferate, some inviting awareness, others memorializing events that never interested us in the first place. The most important will get Google doodles, and even the dopiest sometimes merit recognition on Wikipedia. Show More Summary

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