In short: The way child support is calculated has been criticised for not factoring in the growing cost of living and additional expenses for education, medical and children with special needs. About one third of all parents in the scheme — or about 218,000 — have a debt, and collectively they owe $1.7 billion in unpaid child…
The rapid normalisation of Generative AI (GenAI) technology, and its integration into ERP platforms through systems such as SAP’s Business Technology Platform and Joule AI assistant (Chatbot), has created an opportunity to proactively address technical debt, modernise business processes and move them to the cloud. Marketed as an ‘AI… Read the original article here
Philanthropists and foundations like the one I work for take a lot of calculated risks. We invest in research, advocacy, strategic communications, technical assistance, and many other activities, hoping they will help us advance our strategic priorities. We evaluate our efforts whenever we can, but many defy measurement — assessing the impact of our work…
COLUMBUS, Ohio – A new national study provides the best evidence to date that generous unemployment insurance benefits during the COVID-19 pandemic helped reduce reliance on high-cost credit use. Researchers found that lower-income residents of states with more generous benefits were significantly less likely than those living in less-generous states to take out new…
The Australian Taxation Office received “clear advice” from the government’s chief legal adviser before launching a campaign to resurrect historical debts that caused widespread confusion and distress. Meanwhile, the federal government has distanced itself from the tax initiative, arguing that decisions and processes related to the debts were a matter for the ATO. A recent…
Changes to student debt — which could save the average graduate $1,200 a year — have moved a step closer. The bill was introduced to parliament on Thursday but has been referred to an inquiry, scheduled to report back on 30 September. That means the legislation will not return to parliament until October at the…
Student loan debt is front of mind for one Chicago attorney Chicago Tribune Read the original article here
Hong Kong | Officials from some of China’s most indebted provinces and cities have met leading state bankers in Beijing in recent days as they step up efforts to renegotiate debt payments on billions of dollars in liabilities that threaten to constrain growth in the world’s second-biggest economy. China’s local governments accumulated enormous liabilities over…
On 1 June last year, indexation was applied on my then HECS-HELP debt of $87,722 at 7.10 per cent. This resulted in a $6,228 debit being applied to my HECS-HELP account. If the same indexation rate is applied this financial year, my HECS-HELP debt will increase again, to $94,863. HELP indeed! I’m not the only…
Students and recent graduates saddled with ballooning debts and those partaking in placements for subjects like teaching and nursing are in line for relief in the upcoming federal budget. Speaking to reporters in Canberra, Treasurer Jim Chalmers hinted at measures designed to ease education costs at a time of heightened inflationary pressures. “Whether HECS relief,…