The federal government was warned as early as 2012 that unscrupulous providers were rorting the vocational education loans scheme and that there were no safeguards to protect against the abuse of vulnerable students, blowing the scheme out from $325 million to $3 billion in less than three years. It was not until 2015 that the…
Financial watchdogs described the nations fiscal debt as alarming and warned structural problems must be addressed as it unveiled the state of Italy’s tax agencies. The IMF published a report this week titled Italy: Enhancing Governance and Effectiveness of the Fiscal Agencies, as part of the Funds Capacity Development function, which aims to help countries…
LAS VEGAS, July 21, 2016 (GLOBE NEWSWIRE) — Defense Technologies International Corp (OTCQB:DTII) (The Company), a developer of security technologies, announces debt restructuring and consolidation in preparations to move towards production. On July 18, 2016, the Company closed agreements to buy-out and restructure two convertible note holders (EMA and Crown Bridge) holding an aggregate of $130,000…
ATHENS, Greece – U.S. Treasury Secretary Jacob Lew stressed Thursday the importance of making Greece’s debt sustainable, praising the country’s progress in reforming its economy as part of its bailouts but urging it to keep implementing the necessary measures. … Read the full article at: http://www.kelownadailycourier.ca/news/world_news/article_6724ab03-578f-5f2a-83ba-f5f4b8f7b8d5.html
ATHENS, Greece (AP) U.S. Treasury Secretary Jacob Lew stressed Thursday the importance of making Greece’s debt sustainable, praising the country’s progress in reforming its economy as part of its international bailouts but urging it to continue implementing the necessary measures. … Read the full article at: http://www.appeal-democrat.com/news/regional_news/europe/us-treasury-chief-stresses-need-for-greek-debt-relief/article_e96deb52-7ae5-5bcc-a969-df153c057a72.html
RHODE ISLANDRhode Islanders struggling to pay off college loans will soon have new options through the Rhode Island Student Loan Authority to refinance and consolidate debt to get lower interest rates. Governor Gina Raimondo on Wednesday signed into law legislation that gives the quasi-state agency the power to issue bonds and buy and invest in…
An article in the Financial Times makes a case for the current turmoil in Turkey being of benefit to Greece. U.S. Treasury Secretary Jack Lew has said that Greeces creditors should let Greece restructure its debt so that the country can play a role as an anchor of regional stability in…
A new employee benefit loan scheme (EBL) that promotes workers financial wellbeing and acts as an alternative to high-interest payday lenders, is expanding into the Liverpool city region. Following a full trial of its EBL scheme in East Lancashire, FairQuid has targeted Merseyside for the first stage of its roll-out programme. And it has teamed…
Murray Energy Corp [MUYEY.UL], one of the largest privately held U.S. coal miners, is working with investment banks to renegotiate terms of its credit agreements in a bid to stave off bankruptcy, people familiar with the talks said on Monday. The talks underscore the industry’s challenges as governments have curbed the use of coal at…
Jul 19, 2016 1:19 pm ET The White House just released a big report on student debt that contains all the familiar horrors about for-profit schools, indebted dropouts and students defaulting on their loans. But it has an interesting conclusion: That growing stack of $1.3 trillion in st… Read the full article at: http://blogs.wsj.com/economics/2016/07/19/student-debt-helps-not-harms-the-u-s-economy-white-house-says/