Cash-Strapped Shoppers Enter the Used-Car Market on the Losing End 

– Low-income car buyers often end up paying more—as much as two to three times more—for the exact same vehicle than buyers in more favorable financial situations who have a stable job and healthy credit. Cash or credit, it doesn’t matter. This is a brutal reality that used-car dealers see every day. – The reason has […]

Trump calls on May to join Afghan troop surge… but what can cash-strapped Britain contribute?

British troops could once again march into the ‘graveyard of empires’ as US President Donald Trump packs on the pressure for a coalition surge in Afghanistan – despite a yawning black hole in Britain’s defense budget. Prime Minister Theresa May is under pressure to follow the White House U-turn on ending ‘the good war’ in […]

A Chinese court froze $182 million in assets linked to the chairman of cash-strapped LeEco

REUTERS/Jason Lee Unpaid loan payments prompted a Chinese court to freeze $ 182 million in assets tied to LeEco chairman Jia Yueting. The Shanghai High People’s Court took the action last week, clamping down on the assets linked to a loan for the LeEco phone company, Le Mobile, The New York Times reported on Tuesday. The […]

Cash-strapped police relax monitoring of sex offender to focus on ‘high-risk’ criminals

British police forces are to scale back on their monitoring of sex offenders, including rapists, to focus on higher-risk criminals, the National Police Chiefs’ Council has said. Under the new scheme, the risk sex offenders pose to the public will be reassessed, and thorough measures originally designed to stop them from reoffending, such as annual […]

Cash-strapped electric-car startup Faraday Future is bringing in a BMW veteran to get its finances in order

Faraday Future Faraday Future, the struggling tech startup that seeks to build autonomous, electric vehicles is bringing on a Deutsche Bank and BMW veteran to, among other things, help the company sort out its finances. Faraday announced Stefan Krause’s hiring in a press release this week. Krause will serve as global chief financial officer for […]