The International Monetary Fund and the World Bank have established a new approach to what they view as a pervasive liquidity crisis in many low-income countries and some emerging markets. According to this assessment, many countries are simply facing a short-term liquidity problem led by a concentration of debt service payments at a moment when…
As the festive season approaches, many of us struggle to manage our finances, and for some, particularly those already facing difficulties, Christmas can lead to an even deeper spiral into debt. Since 1996, Christians Against Poverty (CAP) has been helping people break free from debt. The charity was founded in Bradford by John Kirkby, who…
The past several years have seen an explosion of gambling in Virginia, and it is poised to become a billion-dollar industry here next year. There are new legislative proposals to further expand gambling, like allowing Virginia residents to bet on local sports teams, legalizing so-called skill games, and building more casinos. Concurrently, spending on advertisements…
A new report from a commission established by The Lancet Public Health reveals for the first time the global scale of the problem of gambling and its consequences, which are growing rapidly across the world. The Lancet shows harms of gambling are much more extensive than previously thought, with about 80 million people worldwide suffering from gambling disorder, and…
“The women were not known to each other,” Crown prosecutor Kristie Churchill said. In a victim impact statement read out by Churchill, Luo’s father, Luo Bo, wrote of the pain of losing his daughter on the other side of the world from where their family lived in a remote mountainous village in China. “Having to…
It has been half a year since the government announced changes to student debt rules to build hype for the federal budget, but the legislation only became law on Tuesday night. The changes will mean some people will get a credit on their loans, while others may end up with a refund in their bank…
Table of Contents Table of Contents Ask the Chatbot a Question Student loan debt is frequently in the news as politicians debate solutions to the rising costs of college that lead to sometimes crippling amounts of debt. For those with outstanding student loans, such debt can be discharged in two ways: forgiveness and bankruptcy. As…
Deep and energising collaboration The deal has been warmly welcomed by senior executives at Standard Chartered and raised hope for future transactions of this type. Marisa Drew, Standard Chartered CSO, said: “This announcement is the result of months of deep and energising collaboration between the Government of The Bahamas, Inter-American Development Bank, The Nature Conservancy,…
Bruno Mars has had a wild career in the music business that has spanned two whole decades now. The 39-year-old has had multiple singles dominate various charts across the world, including songs like Talking to the Moon, which went viral on social media. Besides his heavenly voice that we love streaming on repeat, the pop…
Summary Africa remains at the epicentre of the global debt crisis, with existing debt frameworks insufficient for addressing the complexities faced by African countries. There is a real need to reduce debt burdens, especially for countries facing vulnerabilities like climate change. There is a need for comprehensive reforms in global financial and…