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US Consumer Defaults Are Soaring

``... one of the findings of the survey is that stressed middle-income consumers have an average income 22% below non-stressed peers but debt levels 10% to 40% higher. Findings show that these higher debt levels are a result of higher...Show More Summary

How to pay no taxes at all! (if you're Apple, Google or Facebook)

10 hours agoHumor / odd : Boing Boing

https://www.youtube.com/watch?v=Pn10cEm8X_E In only 7 minutes, Australian comedy show The Undercurrent explains exactly how companies like Apple, Google and Facebook use offshore registration, transfer payments, debt loading and taxShow More Summary

The USA Debt Time-bomb Tocking, Ticking, Tock, Tick...

``Even more dangerous than the enormous rise in US National Debt since 2000, to levels today of over $19 trillion or 108% of GDP, is the alarming rise since 2007 in US debt of corporations, excluding banks. As of the second quarter of...Show More Summary

US Oil, Gas Industry Debt Elevates Risk in Banking Industry

The US Federal Deposit Insurance Corporation said that debt owed by oil and gas producers has elevated risk levels in the US Shared National Credit (SNC) portfolio, raising fears of an increase in problem loans.

Clean Up Behind Yourself, DNC -- Don't Forget To Abolish The Medical Debt Of Philadelphia's Poorest!

Uninvited and from seemingly out of nowhere, a team of "Goodwill Vigilantes" has given every DNC attendee a golden opportunity to leave behind themselves more than simply memories of Philadelphia -- a legacy of paid medical debt. There...Show More Summary

The Average Full-Time College Student Spends 2.76 Hours Per Day On Education-Related Activity

Heritage Foundation, Big Debt, Little Study: What Taxpayers Should Know About College Students’ Time Use: Full-Time College Is Typically a Part-Time Endeavor Based on data from the Bureau of Labor Statistics’s American Time Use Survey from 2003–2014, during the academic year, the average full-time college student spent only 2.76 hours...

The Three Key Challenges of International Debt Collection

Right now, there is a debate raging in the United States about whether or not debt collectors should be limited in the interest rates that they are allowed to charge. The debate was ignited by a 2015 court case that was heard by the U.S. Show More Summary

Get Ready For America's New $29 Trillion Debt

Submitted by Simon Black via SovereignMan.com, According to Jacques Necker, everything was just fine. The year was 1781, and Necker, France’s finance minister, had just published a report called Compte Rendu au Roi, an accounting ofShow More Summary

Indian Couple Hacked to Death Over 22 Cent Debt

The couple, from India's lowest Dalit caste, were killed with an axe

Apple reaps $7 billion after finalizing latest bond sale

Apple has completed an anticipated five-part bond sale, raising $7 billion in debt with the help of banks including Goldman Sachs, Merrill Lynch, J.P. Morgan, and Deutsche Bank.

Strong Rules Needed On Abusive Debt Collection Practices

I have been hounded for months by a company attempting to collect money for a gym membership that I canceled more than 15 years ago. I was paying $150 a year for the membership before I correctly canceled the membership in writing. That “fitness center” was bought by a national chain that is known for […]

When charter schools go horribly wrong

They can leave your child struggling to catch up: In spring 2014 with about a month left in the school year, StudentFirst was in debt by more than $600,000 and shut its doors, giving only a week’s notice. Rochelle scrambled to get her...Show More Summary

Nobel-winning economist Joseph Stiglitz calls Apple's tax strategy a "fraud"

yesterdayHumor / odd : Boing Boing

2001 Nobel laureate in economics Joseph Stiglitz has a long history of being on the right side of history. For example: pricing the Iraq war at $3T; raising the alarm about sovereign wealth funds acquiring US debt; nailing the double-standard...Show More Summary

Invest Or Pay Down Debt?

Should you invest in the market or pay down debt? Everyone has different circumstances, but there are some common variables to examine, including: Expected return on investments Credit: MIGUEL MEDINA/AFP/Getty Images Number of yearsShow More Summary

IMF Studies Sovereign Debt Restructurings, Admits Its Policy Was Responsible For Greek Depression

It appears causing an economic depression and significantly deteriorating life expectancy in Greece is not enough for the IMF. In a paper published this month, the IMF seeks to study the relationship between GDP and sovereign debt restructuring using data from 1970-2010. Show More Summary

Third Avenue Reportedly Explores Sale of Troubled Debt Fund’s Assets

Deep-value focused Third Avenue Focused Credit Fund (TFCVX) ran into some, shall we say, liquidity trouble last fall, when the group announced the liquidation of the fund, which then had nearly $800 million in assets. There was a catch: the refusal to grant redemptions to avoid fire-sale prices for fund holdings. Current investors received a cash […]

5 things debt collectors will no longer be able to do to you

The CFPB's proposals will change the rules of engagement that are now a source of much consumer anguish

Farrah Abraham’s Bankruptcy Nightmare: ‘Teen Mom’s Dad Was $115K In Debt!

Farrah Abraham may claim to be more successful than multi-millionaire Kim Kardashian, but her family has a history of financial crisis. In 2011, two years after the Teen Mom OG‘s… READ ON

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