(Repeats for wider distribution) By Emily Flitter Donald Trump, who often says he only likes winners, tells one grand tale of loss: In 1990, he nearly went bankrupt and was forced to ask dozens of banks to whom he owed money to change the terms on their loans and forgive some of his debts. It…
DetailsWith the S&P 500 index close to record highs and U.S. Treasury yields near record lows, world markets increasingly resemble the ball-on-top-of-a-hill diagram used to illustrate an unstable state in popular science books. Roll to the left for a cataclysmic stock market collapse; roll right for resurgent global growth, soaring equity prices and a crash in…
DetailsIndia recently passed a new bankruptcy code that promises tougher action against corporate defaulters. But, as lawyers tell Ranajit Dam, having it implemented quickly and easily might be a challenge. With reporting by Manoj Kumar of Reuters According to the World Banks Ease of Doing Business Rankings 2016, India ranks 130 out of 189 economies,…
Details11:40 18/07/2016 MOSCOW, July 18 (RAPSI) The Moscow Commercial Court has declared Lenur Islyamov, alleged organizer of food blockade of Crimea, bankrupt, Islyamovs representative told RAPSI on Monday. On March 16, the court introduced a procedure for restructuring of Islyamovs debt upon the application of Sberbank of Russia. According to the banks representative, the businessmans…
DetailsFor many young Australians, their annual tax return is an opportunity for extra spending, while some prefer to use their returns to pay off their HECS-HELP debt. Given this is a popular use of tax refund, it is worth tackling the question: Is it better to pay off your university debt as quickly as possible…
DetailsIllinois health insurer announces liquidation as Obamacare co-ops collapse By Kristina Betinis 18 July 2016 Last week Illinois Land of Lincoln Health insurance co-op announced plans to liquidate, affecting health insurance for more than 49,000 people in the state. This is the sixteenth liquidation of an insurance co-op established in 2013 as part of…
DetailsLast June, as dusk fell outside Tony Schwartzs sprawling house, on a leafy back road in Riverdale, New York, he pulled out his laptop and caught up with the days big news: Donald J. Trump had declared his candidacy for President. As Schwartz watched a video of the speech, he began to feel personally implicated.…
DetailsIllinois health insurer announces liquidation as Obamacare co-ops collapse By Kristina Betinis 18 July 2016 Last week Illinois Land of Lincoln Health insurance co-op announced plans to liquidate, affecting health insurance for more than 49,000 people in the state. This is the sixteenth liquidation of an insurance co-op established in 2013 as part of…
DetailsTK | 18 July 2016 Olomouc, North Moravia, July 17 (CTK) – The Czech corruption police investigate the financial management of the OKD black-coal mining company, which was declared insolvent in May and has debts worth billions of crowns, CTK has found in the insolvency register.Detectives from the Squad for Uncovering…
DetailsRelated Story: Massive solar-powered glasshouse in NSW set to employ refugees An ambitious project to build Australia’s largest glasshouse is now in doubt, with the business put into voluntary administration. Maria’s Farm Veggies at Williamtown, north of Newcastle, was to include a glasshouse covering 16 hectares, producing 15,000 tonnes of vegetables…
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