A Psychiatrist Tried to Quit Gambling. Betting Apps Kept Her Hooked. – The Wall Street Journal
A Psychiatrist Tried to Quit Gambling. Betting Apps Kept Her Hooked. The Wall Street Journal Read the original article here
Rise in ‘deeply concerning’ complaints about banks not helping people in financial hardship
In short: Complaints about how banks handle financial distress rose 25 per cent last year, the Australian Financial Complaints Authority (AFCA) said. More than half of the complaints were about a lender’s failure to respond to a request for help — a breach of national codes. What’s next? The Australian Securities and Investments Commission (ASIC) is conducting…
Geelong man issues warning against online sport gambling after his addiction saw him land in jail
In short: Mark Stockwell was sentenced to a jail term after he was caught skimming money from his employer to pay off gambling debts. Stockwell is warning others against the dangers of gambling on sports via online betting agencies. What’s next? Various organisations are pushing for gambling reform as Australia is revealed as the world’s biggest…
How do we protect students from ballooning HELP debts? A fixed maximum indexation rate would help
The indexation of student debt is arguably the federal government’s biggest political problem when it comes to universities. Last June, student debt balances increased by 7.1%, the highest rate in decades. While HELP loans do not attract interest, they are indexed to inflation as measured by the Consumer Price Index (CPI). When inflation remained low,…
Chinese man fakes kidnapping to get out of Singapore gambling debt
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails A Chinese man has been charged in Singapore for allegedly faking his own kidnapping to free himself of gambling debt. Liu Changjian, 33, staged his own kidnapping and…
Debt concerns grow as development aid shifts from grants to loans
In 2022, Official Development Assistance loans rose by 11% to $61 billion, while grants fell by 8% to $109 billion – a shift that could increase developing country debt burdens. Global Official Development Assistance (ODA) surged 22% to a record $287 billion in 2022. Despite this overall increase, aid specifically targeted at developing regions declined…
Bruno Mars needs to lay off the slots: Source – NewsNation Now
Bruno Mars needs to lay off the slots: Source NewsNation Now Read the original article here
Biden is cancelling millions of student debts. Here’s what to expect from Albanese
So weighed down have Americans become by student debt, and so potent a political issue has it become in the US, that President Joe Biden plans to waive interest or write off money owing by 30 million of them. He is doing it bit by bit, in the face of resistance from the US Supreme Court. He has…
Bruno Mars allegedly owes $50 million in gambling debt
Bruno Mars allegedly owes $50 million in gambling debt Bruno Mars, the “24K Magic” singer has allegedly piled up over $50 million in gambling dept at MGM. A source disclosed to News Nation the reason for his long-term residency at the outlet, “He owed millions to the MGM,”. In 2016 the singer announced a multi-year…
HECS debt expected to grow more than 4pc as high indexation continues
In short: HECS-HELP debts are forecast to rise between 4.2 and 4.8 per cent this year, the second-highest rise in a decade. After a 7.1 per cent increase last year, students have told the ABC they worry they cannot keep up with the repayments. What’s next? There are calls to reform the way HECS debts are…