Saudi Arabia is seeking to open up its government bond market to retail investors as part of sweeping reforms intended to develop a savings culture. Officials said last week that the countrys government sukuk, or Islamic bonds, would be sold in chunks of SR1,000 ($267), rather than the typical SR1m, in a move that finance…
Back in July 2005, the G8 summit at the Gleneagles hotel in Scotland announced a package of aid and debt relief for the worlds poorest countries. The event marked the high point of international development cooperation and was supposed to put the finances of low-income nations on a permanent sustainable footing. For a while, optimism…
Yes, interest rates are low. But that doesnt mean debt doesnt matter. By William Gale, byWilliam Gale Despite a strong economy, the U.S. budget deficit recently rose by nearly40percent year over year, largely because of the tax cuts passed in 2017 and the spending deal approved in 2018. Federal debt the accumulation of…
We told you yesterday about Elizabeth Warrens new plan to make two- and four-year public colleges free for students and cancel up to $50,000 in student loan debt for millions of Americans. The proposal generated a wide range of responses, including questions about the structure and fairness of the student debt forgiveness. While experts who…
Student debt in the US is worth a whopping $1.5 trillion. Graduates are so burdened with debt, according to reports, that they arent buying homes or getting married. Even grandparents are burdened by student loans, having borrowed on their grandkids behalf. It is no wonder, then, that US presidential candidate Elizabeth Warren has promised to…
Do you have crippling debt? Are you thinking about declaring bankruptcy? Bankruptcy stays on your credit report for 7 to 10 years and has a detrimentaleffect on your credit scorefor even longer. Individuals can file for bankruptcy in two ways chapter 7 or Chapter 13. Each method has different qualifications and ramifications. And once someone…
Heres my guide to the order you should repay your debts. Really awful debt This is the tooth decay of debt. Sure, the ads are cute but if you calculate the interest rate on pay day loans or convenient loans when youre caught short, such as Nimble, you could be paying interest as high as…
In January of 2013, Netflix Chief Content Officer Ted Sarandos astutely laid Netflixs content strategy on the table for all to see. The goal is to become HBO faster than HBO can become us, Sarandos said. He also added that Netflix, in stark opposition to networks that cant help but micromanage every single aspect of…
Netflix is raising another $2 billion in debt to fund its content spending and other expenses, the company announced this morning. The news comes ahead of the launches of new streaming service competitors from Disney, Apple, and AT&Ts WarnerMedia. It also follows Netflixs offer of another $2 billion in debt back in October 2018. The…
CALGARY (660 NEWS) Would you want to go back to work at age 70 after youve already retired? A debt help expert says many Canadians need to take a hard look at their mortgage and consumer debt before they retire. Laurie Campbell, CEO of Credit Canada says for many seniors outliving their savings is a…