Source Image: Getty In 2022, low- and middle-income countries spent a record US$443.5 billion on external public debt servicing, diverting funds from crucial sectors like health, education, and environmental conservation. Projections indicate a 10 percent increase in debt servicing expenses for all developing countries in 2023–24, with low-income countries facing nearly a 40 percent rise.…
The latest research released by the Moneysmart website, which is run by the Australian Securities and Investments Commission, found 47 per cent of adults with debt, the equivalent of 5.8 million people, have struggled to pay the bills in the past 12 months. Read the original article here
$100 million in medical debt eliminated for N.J. residents $100 million in medical debt eliminated for N.J. residents 00:35 TRENTON, N.J. (CBS) — Thousands of New Jersey families can breathe a little easier after Gov. Phil Murphy announced his administration will eliminate some, if not all, of certain families’ medical debt. Murphy’s administration will relieve…
Transnet is saddled with 130 billion rand ($7.30 billion) in debt and has struggled to provide adequate freight rail and port services due to equipment shortages and maintenance backlogs after years of under-investment. Last December, South Africa’s government said it had handed Transnet a 47 billion rand guarantee facility to help the company meet “immediate liquidity matters such as…
Carteret County restaurant raising funds to help with student lunch debts WNCT Read the original article here
China Sino-Ocean’s offshore debt revamp plan gets 30% creditor support, sources say Reuters Read the original article here
MGM Resorts has refuted a report that Bruno Mars caught a grenade in the shape of a US$50 million (RM236 million) gambling debt with them. According to earlier reports, Mars, who was set to enter his ninth year performing at a residency in Las Vegas, was in the midst of paying off a gambling debt…
Whenever March Madness takes place, it’s a sure bet that people will be wagering on the college basketball games leading up to the championship known as the Final Four. From office pools to online betting platforms to taking a crack at picking the perfect bracket, the allure of predicting game outcomes and potentially winning big…
Watching the Philadelphia 76ers vs. Oklahoma City Thunder game on TNT last Tuesday, one thing stood out to me beyond superstar Joel Embiid’s return to the court after two months on the sidelines: you cannot get away from gambling. Before the game, the TNT pregame show crew gave the audience a five-leg parlay (a bet…
Last week there was good news for struggling students and recent graduates saddled with sizeable student debts. The prime minister, Anthony Albanese, in an outing on FM Radio, acknowledged there was “a range of areas where we need to do much better with the younger generation … and Hecs [the Higher Education Contribution Scheme] is…