For 30+ years, Western countries have been papering over the decline in living standards by issuing debt. In its simplest rendering, sovereign nations spent more than they could collect in taxes, so they issued debt (borrowed money) to fund their various welfare schemes. Show More Summary
Troubled by consumer complaints and loopholes in state laws, federal regulators are putting together the first-ever rules on payday loans aimed at helping cash-strapped borrowers avoid falling into a cycle of high-rate debt. Continue reading ? The post Federal regulators plan payday loan rules to protect borrowers appeared first on PBS NewsHour.
Working during college is a great way to reduce your student loan debt while still in school, not to mention beef up your resume a bit. Check out these options for part-time jobs that pair well with a student’s schedule: Paid internships: If you’re lucky enough to score a paid internship, go for it. Show More Summary
Caesars' debt decisions led to its current financial meltdown. Is MGM taking that same path now?
``Six decades ago, an agreement to cancel half of postwar Germany's debt helped foster a prolonged period of prosperity in the war-torn continent. The new government in Athens says Greece -- and Europe -- now need a similar deal.''
``Nearly half of U.S. households -- 47 percent -- say they spend all of their income, go into debt or dip into savings to meet their annual expenses, according to an analysis of Fed survey data released Thursday by the Pew Charitable Trusts... Show More Summary
The U.S. national debt recently topped $18 trillion, and deficits may start to climb again by 2018. What does it mean for the U.S. economy?
Syriza has triumphed in Greece's election. The coalition has formed a government and all eyes are turning to the major showdown that's coming. The party is demanding a major bondholder "haircut." This is effectively a form of gentle default. Show More Summary
Buried in debt, Centinela hospital of Inglewood was on the verge of bankruptcy in 2007. It had lost $50 million in four years, and local officials worried that it might close — following the path of several other South Los Angeles hospitals.
If Germany wants Greece to pay its debts, maybe Germany should pay Greece the reparations for World War II it owes the country.
This is Peter Hitchens’ Mail on Sunday column Would we cope with misery as well as the Greeks? If our great fat cushion of state-backed jobs, welfare payments, tax credits and easy loans were whipped away one morning, how would...
Syriza, the Greek left, has the potential to be a rare game changer for the world. In flipping the bird to the Banksters, Greece may join Iceland in freeing it’s people from decades of austerity, generations long debt burden and negative interference by those whose only interest is to exploit your people/natural resources. The Danes [...]
The victory of the reformist coalition Syriza in the Greek parliamentary elections marks the beginning of a new period for the class struggle in Greece. Since 2010 the Greek people has fought against the unfair debt imposed by the imperialists, especially France and Germany, the EU and the International Monetary Fundo (IMF) in return [...]
Here are four of the best ways to pay off debt.
Berlin said the demands of Alexis Tsipras's new far-Left Greek government for some of its debts to be written off were 'divorced from reality'. But Greek finance minister Yanis Varoufakis replied that the government would no longer engage...Show More Summary
Russian businesses owe tens of billions of dollars in foreign-denominated debt that is growing prohibitively expensive due to a plunging ruble.
Northern European leaders urge Greece to honor the commitments of its bailout program.
Supporters wave flags at a rally for the Coalition of the Radical Left or Syriza Party in Greece (Valencia Plaza) The newly elected government in Greece wants the EU to cancel more than half of the country’s debt. German Chancellor … Continue reading ?
The German chancellor says she wants to keep Athens in the eurozone, but that EU lenders have already made substantial concessions on the terms of the bailout.
One of the pitfalls that many first-time (and even long-time) credit card users run into is racking up a balance that can't be paid off in one month. This might happen when you've had an unexpected financial emergency and things are tight one month, or because you ended up getting in over your head...