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Kanye West says he’s $53 million in personal debt

Plus, Kanye reveals the inspiration behind his new album's title.

The Physics of Energy and the Economy

Our Finite World: "One of the issues in today’s economy is that promises of future energy flows extend far beyond what is formally called debt. These promises include shareholder dividends and payments under government programs such as Social Security and Medicare. Show More Summary

Japanator Live: Learn how to overcome debts with Recettear

Watch live video from Japanator on www.twitch.tv [The stream starts at 9:00 p.m. Central Standard Time.] If there's one thing that can cripple many video game heroes, it's having them miss out on paying a huge bill. The debt's damage...Show More Summary

Russian Church Asked To Repay Debt In Prayers Instead Of Money

An Orthodox Church in Russia has been asked by a court, in a ruling first of its kind, that it can settle its debt to an engineering firm by saying prayers instead of money. The Nizhegorodsky Regional Court ruled that the local Russian Orthodox Church diocese can repay 258,000 rubles ($3,244) it owes for the... Show More Summary

Memo to GOP budget chairmen: National debt will explode under your presidential candidates

Among the lesser-known facts of the Obama presidency is this: inflation-adjusted federal spending is lower now than when Barack Obama first took the oath of office. Nevertheless, after seven years of flat-spending and declining deficits,...Show More Summary

Is This Debt's Last Rattle?

Submitted by Raul Ilargi Meijer via The Automatic Earth blog, What we see happening today is why we called our news overview the “Debt Rattle” 8 years ago. The last gasps of a broken system ravished by the very much cancer-like progress of debt. Show More Summary

Edward Altman: Risk in High Yield Market at 2007 Levels; Not Isolated to Energy

Edward Altman, Professor of Finance at New York University's Stern School of Business and a leading authority on the high yield and distressed debt market, says to expect more defaults this year and next with the average health of companies issuing high yield...

Rebooting Europe: Closer fiscal cooperation needed

There are certain conditions needed to make a common currency across diverse economies a success and the Eurozone is clearly not satisfying them. This column argues that institutions and policies in place six years after the debt crisis have mitigated the risks of another Great Recession. Show More Summary

529 College Saving Plans: Where Are The Plans With Lowest Expense Ratios?

As the tuition costs atpublic and private colleges rise,students are graduating with pinching debt burden. Class of 2015, graduated withan average loan debt of $ 35,000 vs $28,950, the year before, according to governmentdata analyzedby Mark Kantrowitz, publisher at Edvisors. That's a 21% hike. As a parent, you could lift [...]

Raymond James Analyst Is Out With A Major Bearish Call

From Robin Landry of Raymond James Since the last update the market has fallen to test the 1810 area as seen on the attached chart. The news and various indicators I use are getting more bearish. The world is drowning in debt and the central banks are showing themselves to be powerless to turn the economies of their respective countries around. Show More Summary

Stocks Rising into Afternoon on Less Eurozone/Emerging Markets/US High-Yield Debt Angst, Yen Weakness, Oil Bounce, Commodity/Bank Sector Strength

Broad Equity Market Tone: Advance/Decline Line: Substantially Higher Sector Performance: Al m ost Every Sector Rising Volume: Slightly A bove Average Market Leading Stocks: Performing In Line Equity Investor Angst: Volatility(VIX) 26.04...Show More Summary

Baby Boomers Are Drowning In Loans: Debt Of Average 67-Year-Old Soared 169% In Past 12 Years

For those who follow the monthly consumer credit report released by the Fed there was nothing surprising in today's release of the latest Household Debt and Credit Report by the New York Fed. It reports that total household debt rose...Show More Summary

How €3.5 Trillion In NIRP Debt Made Europe's Credit Market "Most Vulnerable Since Lehman"

Earlier today, we discussed how after 8 long years spent wandering punch drunk through a dream-like Keynesian wonderland where all financial assets rise inexorably, the world finally woke up last month with a terrible hangover only to...Show More Summary

A California man used investor money to pay off his gambling debts

FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. Unregistered broker used client money to pay gambling debts (Financial Advisor) Gregory Ruehle, an unregistered...Show More Summary

In Debt: Decision May Prolong Dearth of Bankruptcy Cases in New York

Rather than opt to file cases in New York instead of Delaware, where fees are being questioned, lawyers will simply raise their rates.

Distressed Debt: Energy Co. Alta Mesa Lines Up Third-Lien Leveraged Loan Via Debt Swap

Alta Mesa joined the growing list of embattled energy credits seeking relief through a distressed uptier exchange, choosing the third-lien leveragedloan route to entice holders of its unsecured debt to relinquish at a significant discount to par. The company said late Thursday that it is offering to swap out its $450 [...]

The Welfare State Has Doomed Us to Ever Increasing Debt

The federal government is taking in more money than ever. But it will never be enough. The CBO estimates that the national debt will reach $30 trillion in 10 years,

Argentine debt talks to continue: mediator

NEW YORK (Reuters) - Argentina's ongoing sovereign debt settlement talks will continue despite no resolution between the government and four remaining major holdout creditors, court-appointed mediator Daniel Pollack said in a statement on Friday. Show More Summary

Friday Morning Constitutional: Visa Buys Chunk Of Square

Leather-themed parklet gets green light, fallen window washer speaks, Caltrans' $50 million debt. [ more › ]

Ukraine Refutes Reports on Receiving Debt Restructure Appeals From Berlin

Ukraine's Finance Ministry has not received any appeals from Germany regarding the submission of new proposals to Russia on the restructuring of Kiev's $3-billion debt, Finance Minister Natalie Jaresko said Friday.

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