Global debt hits all-time high of $184,000,000,000,000

The world’s debt currently exceeds $ 86,000 per person on average, according to the International Monetary Fund (IMF). The US, China, and Japan are the top three global borrowers, accounting for more than half of the global debt. The IMF has calculated that their share of debt exceeds that of output. It stated that the […]

‘Great Gatsby’ Bollywood star spends $500k to relieve 1,400 farmers of debt

Bollywood superstar Amitabh Bachchan has dipped into his own funds to pay off the debts of almost 1,400 farmers whose livelihoods were rocked by a prolonged period of drought. Read more The veteran actor, who is undeniably one of the most popular Indian artists having starred in almost 190 films in his 50-year-career, has cancelled […]

The fate of Italy’s banks is still tied to public debt

IN ITALY’S BUDGET drama, the action is shifting away from Rome. Last month its populist government said it would run a fiscal deficit of 2.4% of GDP in 2019—wider than euro-zone rules permit, and than markets had expected. Cue a sharp rise in borrowing costs, to more than three percentage points above those in Germany […]

Contending With Debt: 244 Midterm Candidates Are in the Red

In her historic campaign to become the first female African-American governor in the United States, Stacey Abrams has captured the hearts of progressives who have long dreamed of turning the red clay of Georgia a liberal blue. But this spring, the Yale Law grad and entrepreneur had to confront what could be her Achilles’ heel: […]