By Associated Press Published: 04:52 +10:00, 10 July 2017 | Updated: 04:57 +10:00, 10 July 2017 e-mail RIO DE JANEIRO (AP) – The IOC has balked at helping Rio Olympic organizers pay a debt estimated at $35-40 million. The executive board of the International Olympic Committee, meeting Sunday in Lausanne, Switzerland, says it needs “more…
Debt Settlement and Bankruptcy are starting to gain traction in the people’s financial thoughts and discussion all because of the current debt level the country has. This is the reason why National Debt Relief recently came out with an article published May 22, 2017 and titled “Debt Settlement or Bankruptcy?” to help people differentiate one…
As charities, consumer groups and the Bank of England worry about the threat of a growing bubble of unmanageable consumer debt, the tills at high street shops have been pinpointed as one source of the growing problem. It is here where store cards are sold to consumers, with their sky-high interest rates which can typically…
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Photo Courtesy: Rob Schumacher- USA TODAY Sports Brazilian organizers are seeking help from the International Olympic Committee (IOC) in the form of financial assistance to settle millions of dollars in loans. In an article that appeared in the The New York Times from the Associated Press, creditors are reportedly still owed 130 million reals, or $40 million, from the Olympic…
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It’s been a year since the Rio Olympics, and while the party is long over, the bill is coming due. Rio Olympics organizers have asked the IOC for assistance in settling $40 million in debt with creditors, according to the Associated Press. The AP reports Brazilian Olympic Committee President Carlos Nuzman plans to meet IOC officials next…
AP Published 11:53 a.m. ET July 5, 2017 | Updated 8:12 p.m. ET July 5, 2017 CLOSE A federal prosecutor looking into last year’s Rio de Janeiro Olympics says that many of the venues ”are white elephants” that were built with ”no planning.” Time_Sports A general view of fireworks during the closing ceremonies for the…
Almost a year after the Rio de Janeiro Olympics, Brazilian organizers are asking for help from the International Olympic Committee (IOC) to satisfy creditors who are still owed about 130 million reals (US$40 million). Mario Andrada, a spokesman for the Rio organising committee, said Brazilian Olympic Committee President Carlos Nuzman will meet officials next week…