Tag Archives: interest rates

Roy Exum: No to teacher bonuses

Early voting in the 2022 Hamilton County primary begins in a month, so is county commissioner candidate Tucker McClendon right to offer a bonus for teachers and school workers in this moment ? I’m for the teachers and I’m not accusing anyone of anything, but Tucker is the outgoing school …

Read More »

Biden, the worst president of all time? Let’s find out

Kakistocracy: name, government by the worst people; a form of government in which the worst people are in power. The old saying goes that even a blind squirrel finds a nut once in a while. So you might think that over the course of a 50-year political career, the odds …

Read More »

Sri Lanka monitors exchange rate, appropriate current level: BC Governor

ECONOMYNEXT – Sri Lanka’s central bank may make changes to the exchange rate in the future if necessary, but the current level is appropriate, Central Bank Governor Nivard Cabraal said amid calls to float the currency and to stop reserve sales for imports. The Sri Lankan rupee is pegged to …

Read More »

Sri Lankan companies to sell dollar shares on stock exchange

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange (CSE) will soon allow listed companies to sell shares denominated in foreign currencies as long as they have foreign currency earnings under rules approved by the regulator. The new CSE decision, which was approved by regulator Securities and Exchange Commission (SEC) last week, …

Read More »

Alarming Inflation Both At Home And Abroad As Russia-Ukraine Crisis Drives Up Oil PricesNews

Whether it’s dining out or filling up cars at the pump, the cost of living is rising and it’s a global trend. Consumer prices in the United States jumped 7.5% in January from a year earlier, their biggest increase in 40 years. The President of the European Commission expects price …

Read More »

Covid’s effect on job numbers could leave Washington in the dark.

Jerome H. Powell, the chairman of the Federal Reserve, compared setting monetary policy to stumbling in an unlit room: You walk out the door carefully to avoid making a painful mistake. The analogy is likely to ring particularly true after Omicron’s scrambled jobs report for January, as the virus clouds …

Read More »

New Zealand inflation rate at highest in over 30 years

Annual inflation is the highest since June 1990, with housing and transport being the main contributors. According to Stats NZ, new build home prices are up 16% from 2020, rents are also up 3.8% overall and fuel is up 30%. Kiwis said they are noticing the price hike. “My weekly …

Read More »

IMF expects slowdowns in the United States and China to dampen growth

Slowdowns in the world’s two largest economies – the United States and China – are likely to be larger than expected this year, dragging down output across all continents and reducing global growth, a new report warned on Tuesday. . “The global economy enters 2022 in a weaker position than …

Read More »

How important is inflation for investors?

Getty Images TL; DR: Inflation has a direct effect on consumer spending, which also affects consumer inventories. Inflation is impacting the economy as a whole, but certain industries like consumer goods and supply chain, in particular, are currently being affected. Understanding inflation for investors can be essential for your portfolio, …

Read More »

Why It Can Be Very Hard For You To Save Money This Year

If you’ve made a New Year’s resolution to boost your savings account in 2022, you are not alone. In a recent Fidelity survey, 43% of people considering a financial resolution said saving more money was one of their goals. Americans’ the savings are gone over the past two years. The …

Read More »

The 60/40 investment mix is ​​dead – or is it?

Subscribe: Apple podcasts | Google podcasts | Spotify | Amazon Music | RadioPublic | Stapler | RSS When I wrote my first book, “Life or debt”, More than 20 years ago, I had a simple solution to invest your savings for the long term. This was to subtract your age …

Read More »

Stock Futures Stable After Dow, S&P 500 Closes At Record

U.S. stock index futures were little changed in overnight trading on Wednesday after the S&P 500 and Dow Jones Industrial Average closed at new highs. Futures contracts linked to the Dow Jones Industrial Average edged up, while S&P 500 futures were unchanged. Futures on the Nasdaq 100 were slightly lower. …

Read More »

Western economies self-destruct with inflation, debt and taxes – OpEd – Eurasia Review

By Nikola Kedhi * Although reluctantly, current central bank governors and respected economists have stepped up their warnings that inflation is here to stay. However, while it has taken a considerable time for officials to admit the inflationary threat, despite the signs and warnings, they fail to name the root …

Read More »

Home sales rebound, while prices are expected to continue to rise

The number of real estate deals closed in November was up 24.3% from October, according to the latest data from HM Revenue & Customs (HMRC). The data shows that there were 96,290 residential transactions, on a seasonally adjusted basis, a significant increase from the previous month. But that was down …

Read More »

During COVID-19, trans people in India came together to keep each other alive

By Sohini Chatterjee: Doctoral Candidate in Gender, Sexuality and Women’s Studies, Western University Toronto, December 19 (The Conversation) Trans people in India without caste and class privileges have been made vulnerable during the pandemic. The tough and strict public health regulations put in place by the Indian government during the …

Read More »

Japanese want some inflation

Soaring prices are haunting consumers and baffling economic planners in the United States and other countries, but not in Japan, where triggering inflation has proven to be an elusive goal. As the Federal Reserve and most other central banks shift into a fight against inflation, the Bank of Japan said …

Read More »

Why you shouldn’t worry about the rupee falling to 20-month low

Headline inflation is also well above the 4% mark, so as soon as the RBI is reassured about growth, it should start targeting the inflation front, according to Suvodeep Rakshit, Senior Economist, Kotak Institutional Equities. Edited excerpts: The rupee is at its lowest for almost 20 months. Yes, this is …

Read More »

Opinion: It’s time for the Bank of Canada to make a tough choice

Breadcrumb Links PF comment The domestic political mood is too fragile to risk a sudden downturn, and the Bank must be careful not to lose public support again Author of the article: David Laidler, Financial Post Special Release date : 07 Dec 2021 • 31 minutes ago • 4 minutes …

Read More »

More Sri Lankans switch to hawala as money printing drives parallel exchange rates

ECONOMYNEXT – Sri Lankan migrant worker Sampath * is now determined to send his salary from Dubai to his family via hawala, a traditional net settlement system that has facilitated trade for centuries. “Last week I found out that my friends were getting an extra 10 rupees for every dirham …

Read More »

The government is limited to fighting inflation

BY MELISHA YAFOI The high cost of living in Papua New Guinea will not be avoided, as there is little the government can do to prevent it, according to Peter Burnie, PwC tax partner. Mr Burnie was answering the questions in this document about tax changes and this can influence …

Read More »

Why junk bond yields aren’t so absurd

The European Central Bank is worried about bad credit – it thinks there is too much gossip. In his financial stability review, earlier this month, the bank wrote: “Signs of exuberance are increasingly visible in certain segments of the financial markets as real yields decline and the search for yield …

Read More »

The temperamental exuberance of the markets flat like a pancake | Nasdaq

Markets closed regular trading flat on Monday, after a morning high that saw investors react to a stronger-than-expected Empire State inquiry, and eagerly awaiting the $ 1.2 trillion chant Bill on infrastructure enacted by President Biden, which is happening as of this writing. The Dow Jones and the Nasdaq were …

Read More »

Sticky small savings interest rates protect against financial instability

Inflation returns in conversations about Indian politics. In this context, two recent observations in RBI publications are relevant. The central bank pointed out that the growth of small savings deposits has consistently exceeded bank deposits since 2018. In addition, the GoI has left interest rates on small savings instruments (SSIs) …

Read More »

High inflation anxiety creeps into Fed: Expert

At the end of a two-day meeting on Wednesday, the Federal Open Market Committee (FOMC) reiterated that inflation remains high, largely reflecting factors that are expected to be transient. But he made an addition to his last political statement on Wednesday that did not exist in the statement released after …

Read More »

Investors look to U.S. inflation metrics, view bond swings as downside looms

Federal Reserve Chairman Jerome Powell testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, USA , September 28, 2021. Kevin Dietsch / Pool via REUTERS / File Photo NEW YORK, Nov. 2 (Reuters) – Investors …

Read More »

Where to get the best rates on your savings amid rising inflation

Consumers are likely taking a sticker shock, as new government data shows annual inflation is rising at the fastest rate in more than 30 years. So-called headline inflation, including food and energy prices, rose at an annual rate of 4.4% in September, the fastest since 1991. With higher prices likely …

Read More »

Why the Bank of England looks unusually hawkish

23 October 2021 TIL BANK OF ENGLAND is an outlier. Investors expect interest rates to rise before the end of the year, then to 1% by August 2022, faster than the European Central Bank or the Federal Reserve (see graph). It might even start doing so before it completes its …

Read More »

naira devaluation: the problems arise | THIS DAY

Yemi Osinbajo Obinna Chima The perennial debate on the devaluation of the naira was reignited on Monday, during the two-day retreat on the mid-term ministerial performance review, chaired by President Muhammadu Buhari, when the vice-president, Prof Yemi Osinbajo openly advised the Central Bank of Nigeria (CBN) to adjust the naira …

Read More »

TSLA stock outperforms the market and its fellow tech giants

Ain’t life in the fast lane these days for You’re here (NASDAQ:TSLA). Nor is it a rescue offer for the truck. But as we’ll see, the improvements off and on the price chart make TSLA stock worth the parking capital today. Source: Ivan Marc / Shutterstock.com Apparently distant nervousness linked …

Read More »

3 unstoppable growth stocks that will survive economic turmoil

Macroeconomic trends have rocked Wall Street in recent weeks, with investors concerned about the debt ceiling and talking about rising interest rates. These are legitimate concerns that should not be dismissed. If things don’t play out in the script, entire swathes of the economy, including high values ​​like tech stocks, …

Read More »

Who is driving the parallel market rates up?

By Dr Tim Rainhard Over the past 18 months, Zimbabwe’s economy has rebounded, helped by better performance in the agriculture and mining sectors, an improvement in the balance of payments and the position of the external sector, as well as the introduction of ‘an auction system that improved access to …

Read More »

2 best Toronto Stock Exchange stocks to buy now for 2022

The market rally in 2021 has pushed many of the Toronto Stock Exchange’s top stocks to new all-time highs. Investors are now wondering which major stocks might still be undervalued and which would be good to buy for the economic recovery expected in 2022. TD TD (TSX: TD) (NYSE: TD) …

Read More »

The price of this household item is plummeting – 24/7 Wall St.

Special report September 28, 2021 3:00 p.m. Concerns about inflation have grown in recent months as federal stimulus payments have increased the ability of consumers to spend more than they have been doing since long before the recession caused by COVID-19. This was compounded by the difficulties of low-wage industries …

Read More »

Opinion: Inflation is not over yet. Here’s when we should finally see lower prices

Total Consumer price index (CPI) rose 5.3% year-on-year in August after reaching 5.4% year-on-year two months earlier. The core index, which excludes the volatile components of food and energy, rose 4% year-on-year in August after peaking at 4.5% in June. Importantly, the month-to-month rates of increase for each of these …

Read More »

With rising inflation, how can you best protect your investments?

The accelerating pace of inflation is one of the main economic trends for 2021. The Consumer Price Index or CPI, the government’s main indicator of inflation, has hovered around an annual rate of 5% in recent months, well above the 1.4% rate of the last year and the 50-year average …

Read More »

Interest rate – Taurus

At its board meeting on September 7, the RBA announced that a cash rate hike before 2024 was unlikely. The rationale for the decision was inflation in the 2-3% range, which the RBA does not expect to happen until 2024. On the economic front, the bank is seeing a slowdown …

Read More »

Too much inflation? Just increase the inflation target – OpEd – Eurasia Review

By Ryan McMaken * In late August, Fed Chairman Jerome Powell suggested that the Federal Reserve would start to decline before the end of the year, an admission that price inflation exceeded the target of 2%. Nonetheless, the Fed took no immediate action the following month. This week, Powell again …

Read More »

Fed to unveil new projections with investors on alert

U.S. Federal Reserve officials to reveal when and how often they think the economy will need an interest rate hike over the next three years when they release new forecasts at their policy meeting Wednesday, with investors on alert for a faster pace of tightening. The dot plot, published quarterly, …

Read More »

UK retailing falters after fourth consecutive monthly decline

Updates on the economic impact of the coronavirus Sign up for myFT Daily Digest to be the first to know about news about the economic impact of the coronavirus. Coronavirus Business Update is changing! Starting Monday, the new ‘Road to Recovery’ newsletter will continue to provide the latest reports from …

Read More »

Global debt is skyrocketing – and we need to talk about it

Updates on the global economy Sign up for myFT Daily Digest to be the first to know about global economic news. This month, the thorny topic of debt is belatedly returning to the political radar in Washington. Treasury Secretary Janet Yellen last week warned that the U.S. government will run …

Read More »

Interest rate caps hurt consumers – Washington Times

ANALYSIS / OPINION: On July 29, the Senate Banking Committee held a hearing titled “Protect Americans from Debt Traps by Extending the Army’s 36% Interest Rate Cap to All.” “ The title is a paragon of political rhetoric. It is also completely misleading. Who could be against protecting Americans from …

Read More »

Why is the United States paranoid about China’s growing role in Africa?

“The Chinese are outsmarting the United States in some African countries,” AFRICOM commander General Stephen Townsend said. Associated press in April. He said the Chinese “were looking for a place where they could rearm and repair warships …” Deborah Brautigam, director of the China Africa Research Initiative at the Johns …

Read More »

Argentina’s central bank will use “all its strength” to tame foreign exchange markets, source says

BUENOS AIRES, July 19 (Reuters) – Argentina’s central bank will use “all its might” to streamline runaway demand for dollars and tame the country’s volatile parallel currency markets, which have heated up due to tight capital controls, a banking source told Reuters. Monday. Earlier this month, the bank tightened the …

Read More »

Biggest U.S. banks crush earnings estimates as economy picks up

WASHINGTON, July 14 (Reuters) – America’s four largest consumer banks this week released successful second quarter results after pandemic loan losses did not materialize and the US economy began to recover life. Wells Fargo & Co (WFC.N), Bank of America Corp (BAC.N), Citigroup Inc (CN) and JPMorgan Chase & Co …

Read More »

Year in Review: Australia – The Bull

Most recently, in June, I celebrated the 18the anniversary of the Fidelity Australian Equities Fund. I have always managed the Evolution rather than Revolution Fund, and it has served us extremely well, especially during crises like the COVID-19 pandemic. While the impact of the coronavirus on people’s lives has been …

Read More »

Navigating Dangerous Legal Waters | Above the law

The US economy is, not to be too technical, in a strange place. A number of traditional economic indicators all point in the direction of continued bullish growth. Others are bearish or downright scary. If you’re looking for good news, consider the Dow Jones is up over 13% year-to-date, while …

Read More »

Bank of Israel keeps rates unchanged, says COVID still poses “risk” to economy

The Bank of Israel said on Monday it was leaving its key rate unchanged at a record 0.1%, saying the central bank would continue to conduct “very accommodative monetary policy” for an extended period. The Bank of Israel has also released updates to its macroeconomic forecasts for 2021 and 2022, …

Read More »

5 smart money moves before the Fed starts raising interest rates again

5 smart money moves before the Fed starts raising interest rates again Federal Reserve Chairman Jerome Powell (pictured) and his colleagues have said the central bank will keep its benchmark interest rate close to zero for now, despite the gains the US economy has made in recent months. But rates …

Read More »

Ford, Micron, Didi and Walgreens: 5 things to know

Here are five things you need to know for Thursday, July 1: 1. – Stock Futures Flicker As S&P 500 Closes Strong First Half Equity futures wobbled Thursday as Wall Street entered the third quarter ahead of the release of the US jobs report for indications of the economy recovering. …

Read More »

ASX avoids COVID gloom to cap record year

Mining and Telstra helped support the index, while big banks and CSL biotech lost some heat. The session closed a ninth consecutive monthly gain for the stock market, with 11 of the past 12 months ending higher as investors continue to invest in stocks, supported by an unprecedented river of …

Read More »

The naira falls at the official counter as the external reserve falls to its lowest level in 4 years

Wednesday 23 June 2021: The exchange rate between the naira and the US dollar closed at 411.50 N / $ 1 at the official counter for investors and exporters. The naira depreciated against the US dollar on Wednesday to close at N411.50 per dollar against N410 / $ 1 recorded …

Read More »

Pound grows as economy reopens – live updates

Oour deputy economic editor Tim wallace reports on the latest PMI survey: According to the IHS Markit Purchasing Managers Index (PMI), companies are raising prices at an all-time high as a supply shortage combined with soaring demand outstrips their ability to serve customers. The cost of materials and components is …

Read More »

Team Biden’s leftist bid to beat successful big corporations

Four years ago, while a student at Yale Law School, Lina Khan wrote an article about the supposed evils of Amazon, the ubiquitous and user-friendly online retailer. Now, at just 32, she heads the Federal Trade Commission, one of America’s largest tech regulators. Since becoming attorney general for the District …

Read More »

What is the fair value of gold? Markets reevaluate prices as inflation expectations change

(Kitco News) Gold space has felt the ground shift under its feet this week as the precious metal shed $ 100 on the Federal Reserve’s surprisingly hawkish stance. Investors are now busy trying to reassess the fair value of gold, with August Comex gold futures trading last at $ 1,771.10, …

Read More »

Inflation becomes a political threat to spendthrift Democrats

Voters start to blame President BidenJoe BidenObama: Ensuring Democracy “Keeps Running Efficiently” Keeps Me From “Sleeping At Night” New Jersey landlords banned from questioning potential tenants about criminal records Night Defense: The Pentagon withdraws Middle East air defense assets | Democrats introduce resolution apologizing to LGBT community for discrimination | …

Read More »

You can trade options and futures on the federal funds rate

Interest rates have been the focus of concern lately, particularly the effect of US Federal Reserve actions on stock prices. I thought this would be a good time to explain how Fed Funds Futures and Options in the CME Group (CME) job. Like all listed futures and options, they can …

Read More »

Behind the Fed’s confidence in inflation, some anxiety is setting in

The Federal Reserve sticks to its story. The factors that pushed annual core inflation to an almost 30-year high of 3.8% in May are largely “transient,” he said Wednesday. President Jerome Powell reiterated this point several times during his press conference: “We expect these high inflation numbers… will start to …

Read More »

Bank of England gears up to act against ‘on fire’ UK property market

Admittedly, the latest mortgage figures do not yet seem too worrying. Mortgage loans and liabilities are growing rapidly – the former increased by more than 25% in the first quarter compared to the previous year and the latter by 15%. These are the fastest growth rates since 2007, just before …

Read More »

When Americans took to the streets because of inflation

By Jon Hilsenrath In the fall of 1966, a wave of protests swept across the United States, drawing the attention of Washington politicians, corporate executives and newspaper editors. But these Americans were not expressing their anger at the Vietnam War or racial discrimination. The protests were against rising food prices, …

Read More »

Is this bull market in equities just too good to last?

Equity markets started June on a positive note and, so far at least, ignore the fact that June is traditionally the weakest month of the year. Global stocks rose 0.7% in local currency last week and are now about 1% above their peak a month ago. The good performance was …

Read More »

Yen down 6% versus dollar ignores global trade recovery

As the global economic recovery from the coronavirus accelerates, Japan appears to be standing still as its currency retreats. The yen has already fallen nearly 6% against the dollar this year, the worst performance among the Group of 10 currencies, as global markets brace for an interest rate hike almost …

Read More »

Make no mistake, the risk of inflation is real: Mervyn King

Price stability is when people stop talking about inflation and their decisions reflect real economic factors. It had been a long time since inflation was a topic of discussion but, especially in the United States, it has returned to the public debate. In several advanced economies, it is easy to …

Read More »

The ECB is not about to falter at the first sign of recovery: ecological week

Subscribe to the New Economy Daily newsletter, follow us @economy and subscribe to our podcast. European Central Bank officials will debate whether to extend their high pace of emergency bond purchases this week, a judgment that rests on the fragility they determine for the economy’s recovery. Confidence has been the …

Read More »

Analysis: Fed’s accommodative approach to inflation complicates BOJ debt reduction plans

TOKYO (Reuters) – The recent pledge by the U.S. Federal Reserve to keep interest rates low despite rampant inflation has created new headaches for the Bank of Japan, which is trying to quietly wean the economy from its massive stimulus measures. FILE PHOTO: A one hundred US dollar bill and …

Read More »

Economists sound the first alarm bells on inflation

He is now worried. “Financial markets are going to have to get used to the return of troublesome problems which, until recently, seemed long dead,” he wrote in May. Central bankers have not had to deal with an inflation problem in their careers. After averaging around 10% per year in …

Read More »

Turkey sees robust exports, base effect driving strong second quarter growth

Turkey expects the economy to maintain its growing trend as it expects strong expansion in the second quarter, a government report said on Tuesday. The economy is expected to register double-digit gross domestic product (GDP) growth in the April-June period, boosted by strong exports and the so-called base effect, the …

Read More »

The Fed’s Taper Talk is a preemptive strike against inflation fears

Subscribe to the New Economy Daily newsletter, follow us @economy and subscribe to our podcast. Inflation readings are hotter than expected by Federal Reserve officials and could accelerate as they debate scaling back on their massive bond-buying campaign. Fed vice-chairmen Randal Quarles and Richard Clarida both said this week that …

Read More »

The days of record high fixed mortgages are over, if the outlook for the Reserve Bank is good

Fixed mortgage interest rates have already bottomed out in the near future, if the Reserve Bank’s outlook on Wednesday materializes. The Reserve Bank left the official treasury rate (OCR) at 0.25% as expected, but signaled that the OCR would start rising at the end of next year and reach 1.75% …

Read More »

Analysis – Global liquidity is shrinking and that’s not a bad thing

By Tommy Wilkes and Ritvik Carvalho LONDON (Reuters) – After a year of record cash injections, the world’s major central banks are starting to ease off the stimulus, forcing economies and financial markets to start walking on their own again. Not everyone is appalled by this prospect. Since March 2020, …

Read More »

Sorts of inflation – 4 major varieties + associated phrases

There are 4 major kinds of inflation: creeping, galloping, hyperinflation, and strolling. Learn on to be taught extra about these varieties and different associated phrases. When the costs of products and providers go up, we discuss inflation. That is why you used to pay $ 2 for a gallon of …

Read More »

Why are some people so upset about student debt cancellation?

Mandatory Credit: Photo by Andrew Harnik/AP/Shutterstock (10989518c) Former Vice President Joe Biden, Democratic presidential candidate, waits to surprise Mildred Madison, 94, during a virtual Zoom show with Oprah Winfrey at the Queen Theater in Wilmington, Del. Madison traveled 300 miles from the Chicago to Detroit area to make sure her …

Read More »

How Financial Advisors Can Help With Debt

Financial advisers can be of great help in controlling debt. They are experts at helping their clients prepare their finances for today and for the future. They can provide several services, such as investment management, tax return preparation and estate planning. Planning a budget Manager debt is a key part …

Read More »

Hours of Buenos Aires | As IMF negotiations bog down, Argentina bonds dip to 30 cents

Six months after Argentina emerged from default, its new bonds have fallen to just 30 cents on the dollar. The depressed price is, in fairness, in part the result of the basic mechanics of the securities – they carry artificially low interest rates and a generous grace period – but …

Read More »

The Best Way To Spend Your $ 1,200 Stimulus Check, According To Financial Advisors

Federal government set to send millions of adult checks starting this week as part of massive $ 2.2 trillion stimulus bill aimed at supporting an economy reeling from the epidemic coronavirus. As Americans waited for their money, #stimulusdeposit appeared on social media. Once people receive their stimulus money, they will …

Read More »

Almost half of Canadians plan to take

CALGARY, Alta., Sep 16, 2020 (GLOBE NEWSWIRE) – In recent months, various financial assistance measures from government, banks and businesses have helped cushion the financial blow of the pandemic for many Canadian households. As these measures evolve or end, the pandemic continues to impact household incomes for many. A new …

Read More »

Yellow Cab Drivers Rally Near New York City Hall, Calling For Taxi Medallion Debt Relief – CBS New York

NEW YORK (CBSNew York) – The New York City Comptroller supports a proposed plan to taxi medallion debt relief. Dozens of yellow cab drivers gathered near city hall on Thursday. READ MORE: Fox and Shesterkin Power Rangers to win Kraken The proposal – made by the New York Taxi Workers …

Read More »

Why Ethiopia’s debt talks should be of great concern to other African countries

Countries looking to renegotiate their debt are deadlocked: G20 insists governments should treat the private sector the same, and rating agencies say they could declare governments in default if it is private sector debts. Defaulting would increase government borrowing costs and discourage investors. Low and downgraded There are fears of …

Read More »

Debt Management Plan 2020 | Debt Relief Options

This year’s unique financial challenges call for creative solutions. When it comes to growing debts, you need a debt management plan. These can provide a clear path to financial freedom. If you’re overwhelmed with high interest and struggling to make timely payments, it might be time to explore the benefits …

Read More »

Millennial Money: 3 debt strategies for an uneven recovery

The past year has fractured our world in countless ways. Now, as people seek to pick up the pieces, those who manage the debt must be held accountable for their position in our uneven economic recovery. In this so-called K-shaped recovery, part of the population rebounds quickly while another has …

Read More »

Climate change and COVID threaten to sink small island nations

Small island nations are at an impasse. Under the onslaught of climate change, they must spend big to protect their communities from rising sea levels and dangerous storms. But a major source of income, international tourism, has dried up due to the coronavirus pandemic. So now they cry out to …

Read More »

A long, uneven and uncertain rise – IMF blog

Through Gita Gopinath ??, ??, Spanish, French, ??, Portuguese, сский The COVID-19 pandemic continues to spread with more than a million tragically lost lives so far. Living with the novel coronavirus has been a challenge like no other, but the world is adapting. With the easing of containment measures and …

Read More »

Indiana AG secures nearly $ 10 million in debt relief from former ITT Tech students

INDIANA (WPTA21) – The Indiana attorney general’s office has secured a settlement of nearly $ 10 million in debt relief from 1,354 former students of the ITT Technical Institute in Indiana. The settlement was reached in partnership with 46 other states, the District of Columbia and the Federal Bureau of …

Read More »

Debt Management Tips For Debt Relief

Scottsdale, Arizona – When we talk about things like debt, it can seem overwhelming – especially since we know there are a lot of things we need to consider before we get full debt relief. However, as with any problem, solutions come when we properly assess our problems. When it …

Read More »

What to do when you can’t pay

People are often ashamed of their medical debt, seeing it as their moral obligation to pay their bills and their personal failure when they cannot afford it. What if you can’t pay your hospital bills? What if you had accumulated medical debt and have no way of paying it when …

Read More »

MNP consumer debt index hits lowest ever

Impact of the pandemic: Declining financial confidence and increasing concerns about debt among Canadians Four in ten are not convinced that they can cover their living expenses this year without taking on more debt (+4). Four in ten are concerned about their current debt (+1). They are less likely to …

Read More »

Georgetown Funding Won’t Pay Your Debts

Georgetown funding Personal finance and debt consolidation offers are bait and they won’t pay off your debts. Georgetown funding started flooding the market with mail-in debt consolidation and credit card relief offers with the website My Georgetown funding. The problem is, the terms and conditions are confusing, if not suspect, …

Read More »

Virginia AG settles down with Student Debt Relief Company | Goodwin

On March 3, the Attorney General of Virginia ad that the state has reached a settlement with a student debt relief company for alleged violations of the Virginia Consumer Protection Act (VCPA). Simultaneous filing complaint alleged that from February 2015 to August 2018, the company misled nearly 2,200 student borrowers …

Read More »

Buenos Aires Hours | Guzmán confirms 99% of external debt restructured in swap

Economy Minister Martín Guzmán revealed on Monday that 93.55% of bondholders under Argentina’s $ 66 billion foreign debt restructuring deal have accepted the government’s terms, activating collective action clauses to bring overall acceptance to 99%. The Minister, speaking at an event at the Casa Rosada Bicentennial Museum, announced the news …

Read More »

California Attorney General Xavier Becerra Secures $ 10.5 Million Settlement Against Curacao Retailer For Illegally Abusing Southern California Consumers

March 10, 2021 – SACRAMENTO – California Attorney General Xavier Becerra on Tuesday announced a partial settlement of $ 10.5 million against Curacao, resolving multiple allegations that the retail chain has deceived and illegally taken advantage of its largely Latin American customer base. Curacao owns and operates nine department stores …

Read More »