By Giles Parkinson on 3 October 2017 The Clean Energy Finance Corporation (CEFC) says it has agreed to provide all the debt finance needs for what will be Victorias largest solar farm in a bid to accelerate the project, which it says will help bring stability and diversity to the states energy supply. The CEFC…
NEWARK — U.S. Sen. Robert Menendez held two contentious discussions with Medicare representatives – including one that included former Senate Majority Leader Harry Reid and former Health and Human Services Secretary Kathleen Sebelius – to press for a reimbursement policy change that would benefit his friend, a wealthy Florida ophthalmologist, a former top Medicare official testified…
Construction of light rail in Addis Ababa, Ethiopia. Development funding in low-income countries must be balanced with repayment capacity (photo: Yannick Tylle/Newscom) Understanding Debt: A Better Tool for Low-Income Countries October 2, 2017 …
Valeant Pharmaceuticals International Inc. VRX, +1.50% said Monday it is planning to issue $1 billion of bonds due 2025 and will use the proceeds to help fund the repurchase of existing notes.…
THOUSAND OAKS, Calif., Oct. 2, 2017 /PRNewswire/ — The new and Innovative LoanGifting SaaS Fin Tech solution was created to help overcome the estimated $1.5 trillion student loan debt epidemic. As per the Federal Reserve Bank of New York, the average default rate on student loan debt is 11.2 percent. More specifically, it is estimated that…
Following two horrible, climate-change-driven hurricanes Irma and Maria, Puerto Rico is facing a humanitarian crisis. Millions of people are without clean water, electricity, walls on some of their houses, passable roads, and many of the basic essentials we take for granted in advanced developed countries. We were given a peek at this type of climate-change-caused…
While Wall Street vultures circle amid an ongoing humanitarian crisis and try to entice Puerto Rico with “relief” offers in the form of more debt, advocates for economic justice are demanding immediate debt relief and federal stimulus spending to rebuild the island’s devastated infrastructure. “Puerto Rico needs immediate humanitarian assistance before many more lives are…
The hurricane-caused devastation in Roseau, capital of Dominica. Photo: Wikimedia Commons We have lost all that money can buy and replace, said Roosevelt Skerrit, the prime minister of Dominica, where 98 per cent of the buildings are damaged. Dominica is already heavily indebted, and the IMF ranked the island as at high risk of a…
A third of young people feel more anxious now than this time last year, according to a study that found the prospect of Britain leaving the European Union, money worries and the cost of housing have magnified doubts about future prospects. The rise in anxiety sits alongside figures showing that around half of young people…
Puerto Rico, facing absolute devastation after Hurricane Maria barreled through last week, desperately needs immediate funding to restore critical infrastructure, particularly its hobbled electric grid. The entire island home to over 3.5 million American citizens, roughly equivalent to the state of Connecticut lost power, and satellite imagery shows how little electricity has come back. This…