Collectors have tried all kinds of tactics to get Shawn Andersen to pay off the $28,000 student loan he defaulted on in 2009 as he struggled to find work during the Great Recession. Theyve sent letters to his mothers home and called him to suggest rehabilitation plans he cant afford. One tried to track him…
Last Modified: Thu, Apr 07 2016. 09 10 AM IST A litigation by United Breweries Holdings over the quality of a jet engine may determine how much lenders can claw back from Vijay Mallya New Delhi/Mumbai: The suspense surrounding Indias battle with bad loans and defaulters is getting deeper. A litigation over the quality…
Labor says the government’s proposal to de-regulate university fees will result in a cost blowout. How will the Government cope with the increasing student debt? THE government and Labor are blaming each other for ballooning student loan debts but are united in avoiding discussion of one sensitive response the raiding of dead students assets. It…
Glencore Plcs $2.5 billion agriculture deal is another milestone to solving Chief Executive Officer Ivan Glasenbergs biggest problem last year — reducing a mountain of debt. Canadas biggest pension fund will buy a 40 percent stake in the agriculture business and Glencore said it may sell an additional 20 percent, which could be worth $1.25 billion…
Image via Center for Individual Freedom YouTube channel According to Sunlight Foundations Political Ad Sleuth tool, a 501(c)(4) dark money group called the Center for Individual Freedom (CFIF) has purchased at least $200,000 in ads in the Washington, D.C., market, an attempt to influence lawmakers crafting economic legislation to assist Puerto Rico’s dire financial situation.…
Alexandra Bosanac | April 6, 2016 It was an otherwise unremarkable day in mid-February when nascent computer scientist Evan Maynard received some tremendous news. In a meeting with his boss, Maynard, who will graduate from St. Marys University this spring, learned that the company where he had been working part-time for nearly a year wanted to help…
April 5, 2016 2:41 p.m. ET BERLINInternational Monetary Fund Managing Director Christine Lagarde said Tuesday the Washington-based lender is determined to help Greece but the country needs to implement substantial reforms to make this possible. Speaking at a joint news conference with German Chancellor Angela Merkel and other heads of the worlds leading economic organizations,…
The signatures are barely legible, the mark of a man slowly sinking under enormous gambling debts. He made them out before he went on the run after murdering his childrens nanny. Lucan, ironically dubbed Lucky by friends because he barely ever won, signed the 11 cheques drawn on his account with Queens bankers Coutts &…
Having banks and local governments deleverage and trim overcapacity are part and parcel with central government efforts to maintain stable growth by nurturing the supply side of the economy. But even as this is happening, the housing market has been flooded with new loans in recent months, exposing the economy to new risks. The central…
German Chancellor Angela Merkel and IMF Managing Director Christine Lagarde agreed that the Fund will participate in monitoring Greeces bailout program but disagreed on a debt haircut. The two women met in Berlin on Tuesday during a conference of global economic leaders. Merkel said that a debt haircut for Greece was not possible as long…