Debt crisis: Developing countries’ external debt hits record $11.4 trillion

Soaring interest payments are squeezing budgets, forcing governments to choose between repaying creditors and funding essential services. https://datawrapper.dwcdn.net/zQqap/full.png” alt=””> Developing countries are sinking deeper into a debt-driven development crisis. Their external debt – money owed to foreign creditors – has quadrupled in two decades to a record $11.4 trillion in 2023, equivalent to 99% of…

David Stern denied NBA conspiracy that Michael Jordan’s retirement was actually a ban for ‘compulsive’ gambling

Michael Jordan’s love of gambling is the stuff of legend. The six-time NBA champion was fiercely competitive and had a win-at-all costs mentality, both on and off the court. 7 Jordan is widely considered the greatest basketball player everCredit: Getty However, MJ always maintained that he had a “competition problem” rather than a gambling problem.…

Simple Solutions Can Help States Better Handle Debt Cases

This article is the second of a three-part series looking at issues surrounding debt lawsuits in state courts. State courts should offer a path to resolution for the millions of Americans sued for debt each year. Too often, however, consumers involved in litigation must deal with inadequate information, confusing processes, and outdated, ineffective policies that…