Earlier today, in its latest attempt to restore confidence in its brand and business model after suffering a historic stock price collapse, Glencore - whose CDS recently blew out to a level implying a 50% probability of default - released...Show More Summary
Perhaps the most dangerous thing about where the world seems to be headed now that central bankers have not only lost credibility in the minds of investors, but in their own minds as well, is that it’s not entirely clear what will happen to society if credit suddenly dries up. Show More Summary
Question: Dear Steve, I started going to International Academy of Design and Technology in 2008 and was really excited to go for my Bachelors degree. I wanted a better life for my son and me. I asked all the usual questions; what's the...Show More Summary
All the money will be funneled toward entitlement spending and interest on the debt, said freshman congressman David Brat.
A few months ago at the height of the Greek debt crisis, I wrote that the lesson of history is that the EU is a survivor, i.e. European integration wasn't going to collapse no matter what the outcome. The Eurozone countries would find a way to keep Greece inside or else the country would leave the Eurozone willingly or unwillingly. Show More Summary
The Fed's Household Debt Service ratio through Q2 2015 was released yesterday: Household Debt Service and Financial Obligations Ratios. I used to track this quarterly back in 2005 and 2006 to point out that households were taking onShow More Summary
It’s a sad time for American Apparel as they begin to file for bankruptcy due to a massive drop in sales and an abundance of reoccurring debt. The basics brand known for its huge teenage following has been finding it hard … The post American Apparel Officially Files For Bankruptcy appeared first on Highsnobiety.
Carly Fiorina is not happy with the Washington Post article about the 2010 campaign debts she left unpaid for years, including a debt to the widow of a pollster who died while working for Fiorina. Apparently Fiorina thinks all she needs...Show More Summary
During an appearance on Monday’s Kelly File on Fox News, Republican presidential candidate Carly Fiorina hit back at the Washington Post and MSNBC for accusing her of failing to pay back outstanding debt from her 2010 Senate campaign. Show More Summary
The US Federal government has hit its statutory debt ceiling. Interestingly, the Federal debt level has remained constant for a while (since the US hit the debt ceiling). The post Pay Me My Money Down: US Debt Ceiling, Zero Treasury Yields and Kabuki Theater appeared first on The Wall Street Examiner. Show More Summary
A law degree is a huge investment. At the University of Pennsylvania, the sticker price for a three-year J.D. is $240,000 and the average debt carried by graduates is $130,000. But according to a new guide to law schools put out by Princeton Review, the New York-based test prep and [...]
The Indian steelmaker’s net debt of $9 bln is three times its market value. Its European business, acquired in 2007, is suffering from cheap Chinese imports. Yet last year’s timely refinancing and support from its parent means Tata Steel can avoid the fate of British rival SSI.
Katter pushes for state-owned bank to help farmers as drought covers over 80% of state.
After filing a gooey piece on Hillary Clinton, Monday’s NBC Nightly News also gave airtime to the Republican field, but only in the context of attacking 2016 candidate Carly Fiorina over campaign debt she recently finished paying off from her failed 2010 Senate campaign (despite the fact that she’s far from the first to have debt).
“We're talking about hundreds of billions of dollars that could be potentially defaulted on if commodity prices remain weak. Whereas we all remember that Lehman Brothers defaulted on about $360 billion of debt and preferred stock and that triggered a massive collapse..."
“There are no deadlines that never come due, no debts ever paid.” This is the mantra exhibited on a small sign in the back of the taxi driver’s car in Night Fare. This silent, tattooed hulk of a driver cruises the Parisian streets at night like some wandering samurai on a mission. One night he […]
Nearly a year after firing embattled CEO Dov Charney, American Apparel on Monday filed for Chapter 11 bankruptcy protection. The filing followed a deal with most secured creditors that will reduce the clothing company's debt from $300 million to no more than $135 million, which will lower interest expenses by $20 million a year. Show More Summary
Carly Fiorina's 2010 Senate campaign had a big problem with money. As our colleague Robert Samuels reported, it took years for Fiorina to settle about $500,000 worth of invoices after she lost the race in California -- despite reimbursing herself nearly $1.3 million she lent the campaign. Fiorina didn't pay the widow of her pollster at […]
Broad Equity Market Tone: Advance/Decline Line: Substantially Higher Sector Performance: Almost Every Sector Rising Volume: Around Average Market Leading Stocks: Outperforming Equity Investor Angst: Volatility(VIX) 19.41 -7.31% Euro/Yen...Show More Summary
LUXEMBOURG (Reuters) - Greece must complete the first review of agreed reforms, including the governance of its financial sector, before European creditors can pump in more money to recapitalize Greek banks, the chairman of euro zone finance ministers said. Show More Summary