First Taxi Medallion Owners Receive $700000 in Debt Relief, as $500 Million in Total Relief Expecte – nyc.gov

September 18, 2021 NEW YORKMayor Bill de Blasio today announced New York Citys $65 million Medallion Relief Program (MRP), which could result in $500 million of debt forgiveness for thousands of drivers, has delivered nearly $700,000 in relief for the first three owners to fully restructure their loans. The Taxi and Limousine Commission (TLC) is…

Mitch McConnell Prefers Calamitous Debt Default to Helping Democrats – New York Magazine

The hammer-headed Senate Minority Leader says hes not bluffing. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images In trying to adequately describe the current stalemate in Washington over the necessary chore of avoiding a calamitous default on the nations public debt, I have struggled with several metaphors. Are Mitch McConnell and his Democratic opponents two…

China property giant Evergrande admits debt crisis as protesters besiege HQ – The Guardian

Property giant China Evergrande Group has said that it cannot sell properties and other assets fast enough to service its massive $300bn debts, and that its cashflow was under tremendous pressure. Only hours after angry investors besieged its Shenzhen headquarters and the company denied it was set for bankruptcy, Evergrande issued a statement to the…