Almost half of older working Australians expect to retire with credit card, mortgage and bill debt after helping their children. REST Industry Super research shows the “sandwich generation” are being squeezed financially by their children and parents. The survey of 1048 Australians aged over 35 found one in four expected to retire with credit card…
Treasurer Scott Morrison has laid the foundations for more of that good debt in the federal budget next Tuesday and less of that bad stuff. Good is good and bad is bad, right? If only economics, budget management and politics were so simple. Unfortunately for Scott Morrison’s good/bad debt distinction, some recurrent spending can be…
SAN JUAN, Puerto Rico U.S. President Donald Trump said on Thursday that he is opposed to a push to help Puerto Rico resolve its $70 billion debt load as the U.S. territory faces looming austerity measures amid a deep economic crisis. Continue Reading Below Trump issued a Twitter blast aimed at efforts to help the…
The loan is worth 22 million euros. The World Bank Executive Board approved on Friday a 22 million euro loan and a 350 million euro guarantee to Croatia for the modernization and restructuring of the road sector, reports tportal.hr on April 29, 2017. The project of restructuring and modernization of the road sector aims to…
The Treasurer, Scott Morrison, strayed into some rather silly territory this week in a speech seeking to lay down a new set of markers for the budget, divvying up government debt into “good” and “bad” debt. In a small way, it’s nice to have a concession at last – that government debt is not always…
Leading economists have expressed unease about a budget change that would allow the government to all but eliminate the deficit within two years while borrowing to help build projects including a rail link to Sydney’s second airport and a rail line from Melbourne to Brisbane. The change, unveiled by Treasurer Scott Morrison on Thursday, will prioritise a…
U.S. President Donald Trump said on Thursday that he is opposed to a push to help Puerto Rico resolve its $70 billion debt load as the U.S. territory faces looming austerity measures amid a deep economic crisis. Trump issued a Twitter blast aimed at efforts to help the island cover its Medicaid costs an issue…
European Commission President Jean-Claude Juncker urged euro zone countries to draw up more debt relief measures for Greece next month, saying Athens needed help after making huge progress in its economic reforms.Euro zone finance ministers will meet in Brussels on May 22 to discuss progress made in talks to conclude Greeces crucial bailout review which…
SAN JUAN, Puerto Rico (AP) U.S. President Donald Trump said on Thursday that he is opposed to a push to help Puerto Rico resolve its $70 billion debt load as the U.S. territory faces looming austerity measures amid a deep economic crisis. Trump issued a Twitter blast aimed at efforts to help the island cover…
The Turnbull government will help fund inland rail and is almost certain to build, own and operate the $6 billion second Sydney airport, after Treasurer Scott Morrison paved the way for an infrastructure splurge by changing the way debt will be classified in the budget. Prime Minister Malcolm Turnbull all but confirmed that so-called “good…