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An activist holds a sign thanking US President Joe Biden for cancelling student debt, during a rally in front of the White House in Washington, DC, on August 25, 2022. STEFANI REYNOLDS/AFP via Getty Images Biden recently announced up to $ 20,000 in student-loan forgiveness for some federal borrowers. While 8 million will receive relief […]
Where most see peril, a hardy few see profits
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 […]
Hundreds of thousands of Canadians are going into debt across the country to pay for prescription medication, according to a study from the University of British Columbia.
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 […]
A Brazilian judge has ordered the seizure of national football icon Ronaldinho’s passport as part of a case involving a $ 2 million unpaid fine after investigators found just $ 7 in the star’s bank account, according to reports. The former Barcelona and AC Milan ace, 38, was handed an 8.5 million real (US$ 2.2 […]
Banks are more exposed to public debt, but also better shielded from losses
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 […]
Banks are more exposed to public debt, but also better shielded from losses
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: […]
