A sudden medical emergency doesnt just wreak chaos on a persons life. For many people, it takes a dangerous toll on their financial security. One in five U.S. residents have delinquent medical debt on their credit reports, according to the Consumer Financial Protection Bureau. In the Philadelphia region, more than 1.1 million people owe a…
On the outside, Richard Brent was a thief and a user. He stole and used meth and heroin, acted tough and aggressive, all of which got him a 90-day sentence to Los Angeles Countys Mens Central Jail. But for Dr. Lauren Wolchok, his physician on the inside, Brent is neither criminal nor inmate. For her, he…
All the happy talk about impending debt relief and a clean exit from Greeces third bailout obscures an uglier truth: the countrys debt bondage is being extended to 2060. Worse, by ossifying Greeces insolvency, while pretending to have overcome it, Europes establishment is demonstrating its refusal to fix the eurozones flaws. ATHENS Greeces never-ending…
A simultaneous attack on another prayer hall killed 88 members of Ahmadiyya community, a religious minority group subject to discrimination and persecution. When the Red Cross’ 14,000 Australian volunteers start their annual fund-raising appeal this March, about one in seven will be Ahmadis, nearly all refugees like Mr Ahmed, who want to thank Australia. As well, a…
Im not a spendthrift by nature, but I am spontaneous and not naturally inclined to strict budgets and plans. With such a low income, it didnt take much indulgence for me to spend beyond my means. Within six months I had more than $2000 in debt and was paying hefty interest charges every month. It…
Image for representation Access to easy loans, credit cards and a stable income while empowering can also lull you into a false sense of financial security. It may lead you to a borrowing overdrive to fulfil long-held desires. You could end up in a situation where your monthly expenses and loan instalments add up to…
In my early 20s, fresh out of university and in my first professional job, I acquired several credit cards. I took out a Visa card from my bank for little more reason than the vague notion that it was part of being an adult, useful for emergencies and to establish a credit rating. It seemed…
Paulin Basinga is the Country Director of Bill and Melinda Gates Foundation in Nigeria, a major international donor supporting development in several sectors in the country. As the head of the operations of the Foundation in Nigeria, Mr. Basinga works in close collaboration with government at the federal and state levels, and development…
VICTORIA The island nation of Seychelles designated some of its fragile coastal areas for protection from commercial fishing, oil exploration and development this week, in return for a novel deal relieving it of part of its sovereign debt. The Indian Ocean nation, rich in underwater reefs and postcard-perfect beaches, defaulted on its debt in 2008…
The Seychelles is building two gigantic marine conservation areas to help save turtles, dolphins, and other sea animals. It has done so in exchange for a large chunk of its national debt being paid off. The deal is the first debt swap agreement of its kind. The Seychelles is stepping up its efforts to protect…