Evening Headlines Bloomberg: China’s Credit Party Winds Down in Headwind for Economic Growth. Chinese companies’ borrowing costs have never been so low. That’s little consolation to firms cutting debt rather than investing amid a slowing economy. Show More Summary
GUEST: No one would have given Elon Musk the money to start a “normal” car company. And yet, Musk went ahead, improvised, vaulted over one obstacle after another and created an iconic electric car company. In doing so, Musk incurred a deeply rooted Improvisation Debt, one he must now pay back in order to free himself […]
Every quarter, as part of its Flows of Funds statement, the Fed releases a detailed breakdown of America's assets and liabilities, of which the most interesting section is the one dealing with US household wealth and debt, and most importantly, their net worth. Show More Summary
One in five Americans of working age with health insurance struggled to pay their medical bills in the past year, according to a survey by the Kaiser Family Foundation and The New York Times. Among the uninsured, medical debt is an even...Show More Summary
Kangaroo bonds are so hot right now.
Student loan debt is creating serious challenges for twenty- and thirty-somethings launching their entrepreneurial careers.
With China's cities drowning in debt, one megalopolis is getting its books in order by selling off trained dolphins, Australian iron ore, and life insurance companies.
WASHINGTON ? The Federal Election Commission won’t let Newt Gingrich off the hook for his costly 2012 campaign for president. The former speaker of the House and runner-up for Donald Trump’s VP made his deadbeat intentions official on Aug. Show More Summary
Just as governments are cutting back on issuing new debt, the corporate sector has taken up the role of being the largest source of new debt in the United States. This shift in debt issuance is readily apparent in Chart 1.
Country's economy has shrunk by about 25 percent since the debt crisis broke out in 2009
More worrying is what S&P also said: that debt coming due over the next 12 months is 755pc of Britain's external receipts and large sums have to be rolled over continuously. This is the highest for all 131 rated states, thanks to London's role as a global financial hub. Show More Summary
The college class of 2016 will graduate with an average of $37,000 in student loan debt. Yet $2.7 billion in free federal student aid goes unclaimed every year. TODAY financial editor Jean Chatzky offers simple strategies to help students reduce those monthly payments.
President Obama is set to leave a massive near $20 trillion debt crisis for his successor - be that Hillary Clinton or Donald Trump. The U.S. national debt reached $19.5 trillion last week and has been increasing by roughly $1 trillion a year during his Presidency and during the so called "recovery" as the U.S. Show More Summary
Link for teaser title: http://www.wisebread.com/the-best-0-balance-transfer-credit-cards?utm_source=wis... Get out of debt and transfer your balance to one of the best balance...
As the cost of a college education continues to climb, more and more students are taking on student debt. Collectively, as a country, we currently owe nearly $1.4 trillion in student loans. That balance is growing at a rate of $2,726.27 every second. Fortunately, there's a tax break available to help ease some of the pain of paying it back.
The goal of relieving students saddled with onerous debt and a subpar education can be at odds with reducing the cost to taxpayers who are likely to be stuck with the bill.
According to the US Treasury, on Thursday, August 25, total US public debt hit an all time high of $19.5 trillion. This means that US debt under president Obama has nearly doubled from $10.6 trillion to $19.5 trillion: there is a good...Show More Summary
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. It is back to work, in my case after escaping to the Outer Hebrides, where the people were a lot friendlier than the weather and where...
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When fashion designers look to Asia for inspiration, from Coco Chanel to Raf Simons.