Illinois’ public school districts are roughly $20 billion in debt, a staggering figure fueled in part by decades of special deals in Springfield that have given districts exemptions so they can keep borrowing beyond limits set by law. Today, that debt exceeds long-term school borrowing in most other states. It equates to about $10,000 for…
German finance minister Wolfgang Schäuble has ruled out debt relief for Greece, rebuffing a key demand of the International Monetary Fund even as he warned that the current bailout would fall apart without the IMFs participation. The intervention on the sidelines of the IMFs spring meetings in Washington highlighted growing tensions between the IMF and…
Shutterstock photo WASHINGTONChina is planning a debt-for-equity swap program that could provide large companies mired in overcapacity a way to reduce their debt burdens, the country’s top central banker said on Thursday. The deepening slowdown in the world’s second-largest economy has heightened the need for Chinese authorities to come up with ways to…
April 14, 2016 11:59 a.m. ET WASHINGTONChina is planning a debt-for-equity swap program that could provide large companies mired in overcapacity a way to reduce their debt burdens, the countrys top central banker said on Thursday. The deepening slowdown in the worlds second-largest economy has heightened the need for Chinese authorities to come up with…
PUBLISHED: April 14, 2016 1:00 pm AS of last week, some debt-stricken Islanders have been able to apply for a Debt Remission Order, which will allow their debts to be frozen for a 12-month moratorium period and then be written off, if they are still unable to pay them. The new order, which is similar…
Clean Power Published on April 13th, 2016 | by Glenn Meyers April 13th, 2016 by Glenn Meyers Originally published on Planetsave. Almost one year ago in its annual report, troubled Chinese solar panel manufacturer Yingli Green Energy told its investors the company was facing troubled times: Facts and circumstances…
Clean Power Published on April 13th, 2016 | by Glenn Meyers April 13th, 2016 by Glenn Meyers Originally published on Planetsave. Almost one year ago in its annual report, troubled Chinese solar panel manufacturer Yingli Green Energy told its investors the company was facing troubled times: Facts and circumstances…
Louis CK is broke. Horace and Pete his self-financed TV show distributed with minimum fanfare on his own website has not done the numbers he expected. As CK told Howard Stern this week, his plan to spend two million dollars of his own money on the first four episodes, before financing the remaining six with…
The execution chamber at the state prison in Draper, Utah, is seen after Ronnie Lee Gardner was executed by a firing squad in this June 18, 2010, file photo. Pope Francis urged additional support in abolishing the death penalty worldwide and eradicating the external debt of developing countries.(CNS photo/Trent Nelson-Salt Lake Tribune pool via Reuters)…
Apr 12, 2016 7:04 pm ET Klaus Regling, the managing director of the European Stability Mechanism, the eurozone bailout fund, spoke to The Wall Street Journal about a range of issues, including ongoing negotiations between Greece and its international creditors and potential ways to relieve the countrys debt … Read the full article at: http://blogs.wsj.com/brussels/2016/04/12/eurozone-bailout-fund-chief-discusses-greeces-bailout-negotiations-debt-relief/