What did we learn today? We learned that the repeated pleadings of the TBAC (starting in May and continuing throughout the year) for a Taper, did not fall on deaf ears, and the Fed finally became aware that it is monetizing US debt at too feverish a pace resulting in an acute lack of liquidity in the bond market. Show More Summary
When it comes to paying down Japan's massive debt, Prime Minister Shinzo Abe's approach probably won't win many friends among fiscal hawks.
Governor Chris Christie's deals to assure the pensions of public workers have put New Jersey's economy in such danger of overspending that Moody's Investor Service lowered the state's economic outlook to "negative" this week. The foreboding...Show More Summary
Andrew Barr has announced he’s going to use Public Private Partnerships to fund his grand plans: The Government has released a new procurement framework to help engage the private sector to help deliver major infrastructure projects. These performance driven contracts will help ensure major projects are completed on time and on budget. PPPs typically include a capital [...]
Casey Anthony, who in 2011 was acquitted of murder in the death of her 2-year-old daughter, will not have to pay most of her $792,000 debt, a bankruptcy judge ruled Tuesday. Anthony filed for bankruptcy in Florida earlier claiming $1,000 in assets, the Associated Press reports, and facing massive debts comprising mostly legal bills. Show More Summary
The Federal government is now in the business of abusing children, and business is good. Think about what Mr. Obama, Harry Reid, and Nancy Pelosi are asking of our children. They are saddling them with $17 trillion in immediate debt and over $100 trillion in long term liabilities. Show More Summary
Casey Anthony won't have to pay back most of the $792,000 she owes in legal fees and other debts related to the death of her daughter Caylee — yesterday, a Florida bankruptcy judge discharged the bulk of Anthony's obligations. She claimed only $1,000 in assets. Read more...
The Financial Times notes a Big rise in subordinated debt issuance by EU banksBanks have taken advantage of yield-chasing investors to issue $90.7bn of subordinated debt for the year to date, a 41 per cent increase compared to the same period in 2012. Show More Summary
If being sick doesn't kill you, the medical bills might. Imagine getting better and being bankrupted for it. Facing the prospect of financially devastating medical bills is a reality many Americans know isn't going away. But a newly announced partnership between B.C. Show More Summary
Famed director Nick Cassavetes is going after one of his buddies... suing him for a $72,000 check that bounced all over L.A -- and sources tell us it's a big fat gambling debt.The director of "The Notebook" is suing L.A. business mogul Kevin…
WASHINGTON (Reuters) - Even as a touch of bipartisan bonhomie settles over Washington with the passage of a budget compromise, conservatives in Congress are planning their next attempt to rein in government spending when the U.S. bumps up against its b...
PrivacyStar released a version of its Android app today aimed at making it easier for users to avoid calls from aggressive telemarketers and debt collectors. The previous PrivacyStar app already provided real-time caller ID, as well as call and text blocking. Show More Summary
George Zimmerman could have a gold mine on his hands -- selling artwork to climb out of massive debt -- and no one's happier than the lawyer who defended him at his murder trial -- who's still waiting to be paid... TMZ has learned.Zimmerman is on…
Things are looking up for Casey Anthony. A bankruptcy judge discharged nearly all her debt on Tuesday, to the tune of almost $800,000, RadarOnline.com is reporting. Anthony filed for … READ ON
First it was House Budget Committee Chairman Paul Ryan saying that Republicans will insist on yet another debt-limit hostage crisis: We don't want 'nothing' out of the debt limit. We’re going to decide what it is we can accomplish out...Show More Summary
( TAMPA, Fla.) — A bankruptcy judge has ruled that Casey Anthony won’t have to pay most of her debts. Judge K. Rodney May signed an order Tuesday discharging Anthony of most of what she owes except for taxes and debts related to student loans or criminal fines, if she has them. Show More Summary
Say bye-bye to the Back Room, discount shoppers. Loehmann's, the nearly 100-year-old seller of discount designer clothing, this week filed for bankruptcy protection for the third time. Claiming $100 million in debt, the Bronx-based retailer...Show More Summary
Politico is either a payola or public relations outlet, but news isn't what they're delivering. Politico's Morning Money, brought to you by Pete Peterson and his Fix the Debt cronies. read more
Jonathan Chait threads his way through the muddy thinking of Republican leaders. Remember: there aren’t supposed to be any barriers to a debt ceiling deal. Well…here it comes… Mitch McConnell, too, says he “can’t imagine” passing a clean debt-ceiling hike. Are the Republicans really going to try this again?” Chait,DailyIntel This is yet another dead-end [...]
Central bankers in Canada and Sweden are grappling with the same issues: weak inflation and high household debt. Their response so far has differed.