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Debt Account
China’s Belt and Road “Hidden Debt” Exceeds $ 385 billion, New Study Finds
China's Belt and Road Initiative has left dozens of low- and middle-income countries struggling with “hidden debts” totaling $ 385 billion. New research suggests that the financial liabilities of many countries linked to President Xi…
Four shredded puzzle pieces and a few weeks for Democrats to put them together
WASHINGTON - In a pivotal week, at a pivotal time for President Biden's national agenda, Congress Democrats attempt to put together a jigsaw puzzle of four jagged pieces that may or may not fit together.Getting them to work as a whole is…
Debts pile up for NFL kicker-turned-owner
CINCINNATI - Blue Tide Partners is drowning in red ink.The residential real estate company, owned in part by former Cincinnati Bengals placekicker Doug Pelfrey, lost a $ 39.9 million foreclosure judgment in Hamilton County Common Plea Court…
How China plans to avoid financial crisis Evergrande
"The government can put them under surveillance and put pressure on them through their employers or relatives so that they do not create problems," said Minxin Pei, professor of government at Claremont McKenna College, who writes a study on…
Black farmers expect billions in promised debt relief
There was a time when black farms thrived.Just two generations out of slavery, by 1910, black farmers had amassed over 16 million acres of land and made up about 14% of farmers. The fruits of their labors have nourished much of America.…
Anonymous reader pays Saint-Dominique cancer patient’s debt
Linda Burks owed more than $ 4,000 for her breast cancer treatment at St. Dominic, a not-for-profit church hospital in Jackson who hired a debt collector to sue her. Burks works as a full-time receptionist with Medicare who has started…
Sample surveys show an increase in household debt in six years from 2012
Indebted households in India reported higher debt levels between the two rounds of the national sample survey conducted six years apart, with indebted urban families reporting an average debt of 5.37 lakh at the end of June 2018, compared!-->!-->…
One in five uses the mob’s income to pay off their debt
Image source: Getty Images
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America’s debt ceiling is a disaster, though fiscal rules can help
Sep 25, 2021IONCE again for this most bizarre economic spectacle, a debt ceiling showdown in America. In the name of fiscal responsibility, the world's largest economy flirts with an act of shameless irresponsibility: a sovereign default.…
Evergrande stock soars even as debt deadline approaches
Evergrande is expected to pay $ 83.5 million in interest on a dollar-denominated bond, according to data from Refinitiv. It is not yet clear whether the company will make this payment, and it had not commented on the closing of markets in…