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Keyword: debt

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  • Could the Yellow Vests collapse the world’s debt-based economy and deal a death blow to globalism?

    01/17/2019 6:32:48 AM PST · by SleeperCatcher · 15 replies
    The National Sentinel ^ | 1/17/19 | J. D. Heyes
    After U.S. markets peaked in September nearly two years after Donald Trump’s victory came with the promise (and delivery) of pro-growth policies, investors got a scare in December when several factors combined with interest rate hikes by the Federal Reserve to drive down indexes. The Dow Jones, Nasdaq, and the S&P 500 all finished the year lower than they were in September. Worse, there are predictions that 2019 could hit markets harder. Bank of America just polled 234 panelists who manage more than $645 billion in investments where they think global growth is heading over the next 12 months, and...
  • Can Hollywood’s Biggest Media Companies Avoid Getting Crushed by Debt?

    01/15/2019 8:53:20 AM PST · by C19fan · 4 replies
    Variety ^ | January 15, 2019 | Cynthia Littleton and Brent Lang
    Randall Stephenson, AT&T’s chairman-CEO, summoned all of his folksy Oklahoma earnestness as he made an enthusiastic pitch to Wall Street analysts about the telephone company’s bold efforts to transform itself into a multimedia powerhouse. It was late November, less than six months after AT&T had wrapped up its $85 billion acquisition of Time Warner. But before Stephenson could wax poetic about his plans to revitalize HBO, Warner Bros. or other newly acquired AT&T subsidiaries, he felt compelled to address the elephant in the room. “If you hear nothing else this afternoon, I want you to hear me on this,” Stephenson...
  • How to Stop China's Debt-Trap March to World Domination: China effectively owns the major sea ports

    01/13/2019 10:11:51 AM PST · by SeekAndFind · 39 replies
    Townhall ^ | 01/13/2019 | George Mullen
    For those with their eyes open, China's long-term strategy to achieve worldwide domination is obvious. It is a basic strategy that has been used for millennia to subjugate others. It goes as follows: provide loans that are beyond the ability of a distressed or unsophisticated borrower to ever pay back; and when the borrower inevitably falls behind in the required debt-service payments, foreclose and seize the borrower's desirable assets and/or extract wanted concessions. It's called "debt-trapping." Predators have long used this strategy to turn poor people into indentured servants; payday lenders to get worker's paychecks; monopolies to crush competitors; mafiosos...
  • In Alabama city, residents are taking out personal loans just to get by

    01/11/2019 11:10:35 AM PST · by 11th_VA · 40 replies
    Market Watch ^ | Jan 11, 2019 12:20 p.m. ET
    ... That heavy reliance on federal spending has Huntsville residents wondering what will come next. Jack Lyons, a lifelong space geek who thought he’d hit the jackpot when he got a job as a contractor working on massive rocket test stands for NASA, is spending the furlough on his small side business making props for marching bands. A solid Republican voter until 2016, when he couldn’t bring himself to vote for Trump, he’s frustrated and saddened by what’s going on in Washington. “They’re trying to use people as bargaining chips, and it just isn’t right,” Lyons said. Unlike civil service...
  • Deutsche Bank to close almost 200 branches

    07/18/2016 5:50:13 PM PDT · by Olog-hai · 9 replies ^ | 18 Jul 2016 09:04 GMT+02:00 | (DPA/The Local)
    Germany’s largest lender is set to shut over a quarter of its branches across the country as the company goes through a major restructuring process. The closures are set to take place over the next few months, with 188 of Deutsche Bank’s 723 branches nationwide due to close their doors. […] After recording colossal losses of around €7 billion in 2015, the Frankfurt lender is desperately seeking ways to cut costs. […] The bank said it hopes to redirect funds to digital banking, in which it hopes to invest €750 million by 2020. …
  • Putting America's finances in order: It's Pretty Clear That Neither Party is Fiscally Responsible

    01/09/2019 7:35:27 AM PST · by SeekAndFind · 34 replies
    Washington Times ^ | 01/09/2018 | David M. Walker
    Twenty years ago, I was fortunate to become U.S. comptroller general. At that time, the federal government was in surplus and yet, having previously served as one of two public trustees for Social Security and Medicare, I knew that the federal government faced rising deficits and debt/GDP levels in the future due to known demographic trends and rising health care costs. Three fiscally irresponsible actions happened in 2003. First, the federal government passed a second round of tax cuts that were debt financed. Second, the USA invaded Iraq and charged it to the national credit card. Finally, the federal government...
  • Democrats Unveil Changes To House Rules On Debt Ceiling, Ethics

    01/02/2019 4:11:33 PM PST · by blueyon · 25 replies ^ | 1/02/19 | Susan Davis
    Top Democrats announced late Sunday a series of changes to House rules that could eliminate causes of major instability during the previous eight years of Republican rule in Congress. "We are proposing historic changes that will modernize Congress, restore regular order and bring integrity back to this institution," said incoming House Rules Chairman James McGovern, D-Mass., in a statement explaining the changes. Romney Promises To Speak Out Against Trump On Matters Of 'Significance' Politics After Romney Says Trump Has 'Caused Dismay Around The World' Trump Hits Back When a new Congress convenes every two years, the majority party must approve...
  • Now Kenya gets to pay the China piper; China to seize major assets because of inability to pay debt

    12/28/2018 7:43:34 AM PST · by SeekAndFind · 33 replies
    American Thinker ^ | 12/28/2018 | Monica Showalter
    All that good P.R. China got for its "one belt, one road" infrastructure-building in third world countries - so much more constructive than America's military spending, see - is starting to look like something entirely different now that Kenya is about to fall to China and its very humorless bill collectors. Here's what Taiwan News is reporting. China may be preparing to seize some major assets in the African nation of Kenya, as a result of debt-trap diplomacy. African media reports that Kenya may soon be forced to relinquish control of its largest and most lucrative port in Mombasa to...
  • China's African debt-trap: Beijing prepares to seize Kenya's port of Mombasa

    12/28/2018 6:35:41 AM PST · by ptsal · 20 replies
    Taiwan News ^ | 2018 Dec 27 | Duncan DeAeth
    China may be preparing to seize some major assets in the African nation of Kenya, as a result of debt-trap diplomacy. African media reports that Kenya may soon be forced to relinquish control of its largest and most lucrative port in Mombasa to Chinese control. Other assets related to the inland shipment of goods from the port, including the Inland Container Depot in Nairobi, and the Standard Gauge Railway (SGR), may also be compromised in the event of a Chinese port takeover. Kenya has reportedly taken extremely large loans from the Communist government for the development of some major highways,...
  • Dow rallies 1,000 points, logging its biggest single-day point gain ever

    12/26/2018 12:19:40 PM PST · by Candor7 · 164 replies
    CNBC ^ | 26 Dec. 2018 | Fred Imbert & Eustance Huang
    Stocks rose sharply in volatile trading on Wednesday as surges in retail and energy shares helped Wall Street regain the steep losses suffered in the previous session. The Dow Jones Industrial Average traded 657 points higher as of 3:05 p.m. ET, while the S&P 500 gained 3.05 percent. The Nasdaq Composite outperformed, rising 3.96 percent. Both the S&P 500 and Nasdaq were on track for their biggest one-day gains since Aug. 26, 2015 and erased Monday's losses. The Dow also recovered all of its losses from Monday.
  • Kansas City Royals pitching prospect Brady Singer pays off parents' debt for Christmas

    12/26/2018 11:45:07 AM PST · by NohSpinZone · 13 replies
    Fox News ^ | 12/26/18 | Liam Quinn
    An MLB pitching prospect has given his parents a major league Christmas present. Brady Singer, a right-hander considered the Kansas City Royals’ top prospect, used his signing bonus to pay off his parents’ debt and bank loans. The 22-year-old was drafted by the Royals with the 18th pick in the 2018 Draft, and joined the team on a $4.25M signing bonus, according to
  • U.S. Holiday Retail Sales Are Strongest in Years, Early Data Show

    12/25/2018 5:11:34 PM PST · by springwater13 · 53 replies
    Shoppers delivered the strongest holiday sales increase for U.S. retailers in six years, according to early data. Total U.S. retail sales, excluding automobiles, rose 5.1% between Nov. 1 and Dec. 24 from a year earlier, according to Mastercard SpendingPulse, which tracks both online and in-store spending with all forms of payment. The figures suggest a stock-market swoon and partial government shutdown haven’t curbed consumer confidence and spending. “Wall Street is running around like a chicken with its head cut off, while Mr. and Mrs. Main Street are happy with their jobs, enjoying their best wage increases in a decade,” said...
  • American Fertility Headed to All-Time Low

    12/21/2018 8:28:58 AM PST · by Kaslin · 86 replies ^ | December 21, 2018 | Mihael Barone
    In 1957, 4.3 million babies were born in the United States. In 2017, 60 years later, the number was 3,853,472. That's an 11 percent decline, in a nation whose population has nearly doubled over those six decades. And though there are a few days left in 2018, the number for this year is sure to be lower. That's the dominant finding from the thorough -- and alarming -- report "Declining Fertility in America" by Lyman Stone of the American Enterprise Institute and the Institute for Family Studies. In recent years, demographic journalists have focused on slivers of the population --...
  • A chat about student loans for Freepers with secondary education.

    12/18/2018 10:35:06 AM PST · by Baynative · 70 replies
    Curiosity ^ | 12/18/18 | Baynative
    I am curious about the growing conversation over the repayment or forgiveness of the $1.3 TRILLION (and growing) student loan debt. Like everyone I knew who didn't have full scholarship, I worked my way through college and I don't remember ever meeting anyone who had a student loan.
  • Trump shrugs off future debt crisis: ‘I won’t be here’

    12/05/2018 8:09:09 PM PST · by E. Pluribus Unum · 129 replies
    Washington Examiner ^ | December 05, 2018 02:28 PM | Caitlin Yilek
    President Trump is dismissing the importance of paying down the national debt, saying he won’t be in office to take blame for the nation's fiscal crisis when it becomes even more unsustainable, according to a report Wednesday. The national debt sits at $21 trillion and counting. As a candidate, when the national debt was $19 trillion, Trump promised to erase the entire debt “over a period of eight years.” Senior administration officials showed Trump charts and graphics in early 2017 that illustrated a “hockey stick” spike in the debt in the coming years. Trump said the data showed the national...
  • Student delinquencies up as U.S. household debt hits another record

    11/16/2018 9:47:48 AM PST · by Oldeconomybuyer · 38 replies
    Reuters ^ | November 16, 2018 | by Jonathan Spicer
    The total debt shouldered by Americans has hit another record high, rising to $13.5 trillion in the last quarter, while an unusual jump in student-loan delinquencies could provide another signal that the U.S. economic expansion is growing old. Flows of student debt into serious delinquency - of 90 or more days - rose to 9.1 percent in the third quarter from 8.6 percent in the previous quarter, the Federal Reserve Bank of New York reported on Friday. That propelled the biggest jump in the overall U.S. delinquency rate in seven years. Total household debt, driven by a $9.1 trillion in...
  • Debt ceiling will be set to record high of $22 trillion, fund government to just summer

    11/09/2018 10:32:36 AM PST · by Leaning Right · 19 replies
    .Washington Examiner ^ | November 08, 2018 | Paul Bedard
    The federal government is set to reinstate its borrowing limit, and a new analysis indicates that it will be a record-high $22 trillion — and then, it won’t provide enough money to fund the government past summer. The shocking number, however, is only slightly higher than the current actual debt of some $21 trillion.
  • China Debt Bomb Ready to Explode

    10/30/2018 7:11:04 PM PDT · by SeekAndFind · 41 replies
    The Daily Reckoning ^ | 10/30/2018 | James Rickards
    The great Chinese growth slowdown has been proceeding in stages for the past two years. The reason is simple. Much of China’s “growth” (about 25% of the total) has consisted of wasted infrastructure investment in ghost cities and white elephant transportation infrastructure. That investment was financed with debt that now cannot be repaid. This was fine for creating short-term jobs and providing business to cement, glass and steel vendors, but it was not a sustainable model since the infrastructure either was not used at all or did not generate sufficient revenue. China’s future success depends on high-value-added technology and increased...
  • These Americans fled the country to escape their giant student debt

    10/27/2018 4:44:26 PM PDT · by Simon Green · 128 replies
    CNBC ^ | 10/27/18 | Annie Nova
    Chad Haag considered living in a cave to escape his student debt. He had a friend doing it. But after some plotting, he settled on what he considered a less risky plan. This year, he relocated to a jungle in India. "I've put America behind me," Haag, 29, said. He now lives in a concrete house in the village of Uchakkada for $50 a month. His backyard is filled with coconut trees and chickens. "I saw four elephants just yesterday," he said, adding that he hopes to never set foot in a Walmart again. His debt is currently on its...
  • When The U.S. Goes Bankrupt, Here’s Who Gets Out With The Least Pain

    10/25/2018 12:08:14 PM PDT · by SeekAndFind · 74 replies
    The Federalist ^ | 10/25/2018 | Lewis M. Andrews
    According to a recent estimate, the combined pension hole of all U.S. states and cities is now equal to the world’s fourth-largest economy, Germany. Also, Medicare has no money in eight years. By Lewis M. Andrews The problem of a government overcommitted to entitlement spending is one of the most predictable crises in American history. Neither of the two largest federal entitlement programs are on sound footing, according to their own trustees. The most recent report on Social Security predicts insolvency in just 16 years. For Medicare, researchers are predicting just eight more years of runway––three years earlier than previously...