It depends on how Ferrari does in the future—if demand stays high, the price will go up.

The thing is, we don’t really know what would happen if Ferrari went bankrupt or what the demand for their cars would look like. But honestly, I think Ferrari would still be Ferrari. It’s a pretty iconic supercar brand, so even if they go under, there’d probably still be strong demand for their cars. In fact, I’d guess the prices would actually go up—once the factory’s gone, you can’t just order a new one anymore.

It all comes down to one thing: demand. Even if the factory shuts down, if the car wasn’t popular to begin with, I doubt anyone’s going to pay a premium for it. But if it was in demand, that’s a whole different story….

Published on April 16, 2025

District 9 Councilmember Announces Medical Debt Relief Program for San Antonians

SAN ANTONIO (April 16, 2025) — Today, District 9 Councilmember John Courage announced a groundbreaking partnership between the City of San Antonio and Undue Medical Debt, a national 501(c)(3) nonprofit dedicated to erasing burdensome medical debt for those who need it most. Through this initiative, around 45,000 debtors in San Antonio will see some or all of their medical debt disappear – to the tune of roughly $60 million.

Medical debt is a growing concern nationwide—and right here at home. Texas leads the nation in medical debt among the 20 largest counties in the U.S.—and Bexar…

The Technical University of Kenya (TUK) has officially been declared financially insolvent by the National Assembly, as fresh revelations expose deep-rooted mismanagement and a staggering Sh12 billion debt burden that has crippled the institution.

This comes amid shocking disclosures that no employee at TUK has received a full salary since 2013, the same year the institution received its charter and full university status.

…

Today the Albanese Government has passed legislation through the House of Representatives to cut the student debt of more than three million Australians.

The legislation will wipe around $3 billion in student debt from workers and students across the country.

The Universities Accord (Student Support and Other Measures) Bill 2024 which caps the HELP indexation rate at the lower of either the Consumer Price Index (CPI) or the Wage Price Index (WPI) with effect from 1 June 2023 will now move to the Senate.

The Government will backdate this relief to all HELP, VET Student Loan, Australian Apprenticeship Support Loan and other student support loan accounts that were indexed on 1 June last year.

This will benefit all Australians with a…

For many countries, climate change is likely to lower growth and increase the frequency of natural disasters. This will strain public finances from both the revenue and expenditure sides, which will in turn lead to fears of defaults and thus raise government borrowing costs, adding more strain (Dibley et al, 2021; Zenios, 2022). How likely is it that these feedback loops will lead some countries to default? Which countries are particularly at risk?

One way to answer these questions is to overlay climate scenarios onto debt sustainability analysis, which is used to assess how well-equipped sovereigns are to meet their liabilities. Calcaterra et al (2025) developed a model to do just this and here we show results from the…

Illinois has some of the highest property taxes in the country. Chapter 9 would allow local governments to address the root cause.

“Bankruptcy” is a scary word, but it is a real option for cities in half the states in the country.

There are 24 states that authorize local governments to discharge their debts through Chapter 9 bankruptcy. With many cities suffering under the burden of unsustainable pension promises and reliant on federal funds that won’t be available in the future, Illinois should consider becoming the 25th. Here’s why.

Illinoisans’ property taxes are some of the highest in the country, and a leading complaint for people who want to leave the state. Those property taxes pay for…