China has a debt problem, and if it continues to place short-term growth goals ahead of managing longer-term financial stability risks, it runs the risk of suffering a sharp growth slowdown, or worse. Thats the latest assessment from the International Monetary Fund (IMF) who describes Chinas current credit growth trajectory as dangerous given the precedent…
You’ve seen them. Those sensational online profiles of people who accomplished massive goals that most of us can only dream of in a ridiculous amount of time. How This 30-Year Old Quit His Job and Became a Millionaire or How This Millennial Bought a Home in NYC on a $30k salary or How This Couple…
China’s consumers spend too little and its corporate sector spends too much. That’s the blunt message from the latest country report from the International Monetary Fund, which highlights a series of worrying, if not new, imbalances across the Chinese economy. In six charts the IMF lays out its case for why Beijing needs to act…
The Reserve Bank has warned construction activity could begin to decline as the number of residential building approvals falls from its peak in 2016. The message, released in the minutes of the central bank’s August meeting on Tuesday, comes a week after BIS Oxford Economics forecast a 31 per cent fall in the level of dwellings being…
The Department of Human Services signed three contracts with the CSIRO’s Data61 this year to help fix problems with its controversial Centrelink robo-debt data matching and debt notice program. CSIRO digital chief Dr Dave Williams had briefly indicated during June budget estimates that the science and research organisation was helping DHS look at “methodologies of…
By Andrew Housser For most of the United States, August is the month when students and parents prepare to go back to school. With Aug. 17 designated as Get Smart About Credit Day, this month is a good time for learners of all ages to hone their credit and debt knowledge. This quiz can help…
Nobody likes to declare bankruptcy or state that he/she is unable to pay off a debt. Unfortunately, in a time when investment is becoming more and more important to make for a secure future, a lot of Americans have ended up getting themselves indebted beyond usual repair. This is what gave rise to Accredited Debt…
ARMED with a plastic sharpened toothbrush, an 18-year-old man robbed a Maryborough corner store in a bid to repay a drug debt. Nathanael William Pooler threatened two employees working at Foodworks on Churchill St with the home-made tool, before taking off with cash. Nathanael William Pooler was charged with armed robbery, after threatening staff in…
Campaigners have long warned of the problem and it is now official: Britain has a growing debt problem at levels not seen since the global financial crisis almost a decade ago. Borrowing through credit cards, overdrafts and car loans – unsecured consumer credit – and other forms of financing has topped £200bn, confirming grim predictions…
MURRAY, KY - It’s move-in day at Murray State University. Freshman Clay Glenn is already $10,000 in debt and he hasn’t even unpacked yet. “I’m paying for everything,” says Clay. “I took student loans out because I figured it would be worth it to get the college experience. I know that I’m already in debt…