A little over a year ago, 30-year-old Clare Seal was 27,000 in debt, and in denial. Ten years of living month to month, two pregnancies and a Pinterest-perfect wedding had caused her to lose her grip on her familys finances and avoiding the issue was easier than asking for help. Calls from the bank were…
Businesses are also enjoying deferrals on almost 300,000 loans while a range of state government fees, charges and payroll tax have been paused or waived. Loading Once this support ends, many businesses are expected to discover they cannot continue or will have to shed staff to remain viable. The government is looking at measures to…
Before rushing into another round of borrowing, developing countries should consider another option that has long been staring them in the face. By taking the steps needed to connect untapped sources of wealth to the global economy, the developing world can finally start to accumulate capital instead of liabilities. LIMA Faced with the effects of…
SAN JOSE, Calif., June 23, 2020 /PRNewswire/ –Of late, it seems that several debt consolidation advertisements surface just about every time I log on promising substantial savings if I consolidate all my debt onto a single loan. With the amount of debt in America staggeringly high, it’s not surprising that many people may consider this…
THE FOUR-LANE, 62-km toll road being built between Masiaka, a business hub in Sierra Leone, and Freetown, the countrys capital, promises shorter journey times, fewer accidents and smoother drives. It is nonetheless controversial. Awarded to China Railway Seventh Group, the project added over $160m to the countrys foreign debt, according to the China-Africa Research Initiative…
Photograph by Bayete Ross Smith/EHRP and The Guardian Every day at 7pm, New Yorkers have cheered, applauded and banged pots and pans for frontline workers. One of those they have cheered for is Shana-Kay Henry, a physician assistant in the city, who, like thousands of others, is praised as a hero for her brave caretaking…
Aussie spending has been turbulent in 2020, with the devastating effects of the bushfires into the outbreak of COVID-19. In fact, according to Deloitte Access Economics latest quarterly Retail Forecasts subscriber report (Q2, 2020), retail spending has been a rollercoaster so far this year. The report revealed that after the surge in spending growth in…
Stranded commuters wait for transportation at a bus terminal during a protest by taxi operators over the government’s financial relief for the taxi industry, amid the coronavirus disease (COVID-19) lockdown, in Soweto, South Africa, June 22, 2020. REUTERS/Siphiwe Sibeko The international community quickly agreed this spring that the COVID-19 pandemic and its economic damage necessitated…
Watching scientists, politicians and journalists struggle to compare national death rates from the coronavirus pandemic, I had an acute case of dj vu. Though the virus may be novel, the confusion generated by inconsistent data standards is anything but. Its something Ive observed closely for many years in studying public sector debt. Such league table…
Private sector participation will be essential to ensuring the success of a debt relief initiative launched by the Group of 20 major economies for the world’s poorest countries, the chief economist of the International Monetary Fund said on Monday. The G20’s offer to suspend official bilateral debt service payments by the poorest countries would likely…