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Executive SummaryAfrican leaders face a difficult challenge: fostering development by accumulating debt for future generations to carry, or raising taxes
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WASHINGTON — Republican and Democratic members of a House education panel agreed Wednesday that K-12 schools need a stronger focus on improving academic outcomes for students — but they had vastly different views on the direction the nation’s schools should take.
The nearly three-hour hearing, which is the first held by the Education and Workforce Committee in the 119th Congress, covered topics such as…
A petition for court supervision of the liquidation of a Cayman-based online cryptocurrency casino start-up that raised US$8.3 million has been lodged after it was alleged a founder had “misappropriated” most of its assets.
The Grand Court in Cayman was told by the joint voluntary liquidators that Zero Edge Corp. had liabilities of US$829,591 and estimated assets of about US$107,000 and that Richard Kim, a founder and ex-director of the company, could not be contacted.
The writ from George Town liquidators Arkus Advisory said, “In late June 2024, it was discovered that [Kim] had allegedly misappropriated the majority of the company’s funds and assets.”
It added that the company and some investors referred the matter…
SANTA ANA, Calif. (AP) — The former interpreter for baseball star Shohei Ohtani is set to be sentenced for bank and tax fraud after he stole nearly $17 million from the Los Angeles Dodgers player’s bank account.
Ippei Mizhuara was supposed to bridge the language gap between the Japanese pitcher — who previously played for the Los Angeles Angels of Anaheim — and his English-speaking teammates and fans. Instead, Mizuhara exploited the language barrier to isolate Ohtani and profit from his proximity to the two-way player ’s power.
Mizuhara pleaded guilty last year to federal charges after he was accused of siphoning money out of Ohtani’s bank account to cover sports gambling bets and debts in a case that has stoked an international…
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WASHINGTON — Republican and Democratic members of a House education panel agreed Wednesday that K-12 schools need a stronger focus on improving academic outcomes for students — but they had vastly different views on the direction the nation’s schools should take.
The nearly three-hour hearing, which is the first held by the Education and Workforce Committee in the 119th Congress, covered topics such as…
A NSW home builder has entered administration with soon to be property owners fearing their houses may never be finished.
Clarke Homes, which formerly traded as Hotondo Homes, has been placed into administration following a meeting with creditors held on Wednesday.
Documents reveal the company owes employees wages and salaries, annual leave, personal leave, and superannuation.
Clarke Homes owes more than 100 creditors in excess of $3.1 million.
Jason Porter and Joshua-Lee Robb of SV Partners have been appointed as administrators.
“We have been working with the Company to obtain all the Company’s books and records including information on customer projects,” the pair said in a statement to clients.
African leaders face a difficult challenge: fostering development by accumulating debt for future generations to carry, or raising taxes and facing widespread discontent, protests and even risks of democratic instability. Making tangible improvements to their citizens’ lives requires significant investment in infrastructure, health care, education and economic competitiveness, but public resources are constrained by substantial debt-servicing burdens and limited capacity to tax. African citizens want change and African leaders struggle to deliver, overburdened by interest and debt (re)payments.
We propose a path out of the growing debt crisis through a five-pillar plan: a New Debt Deal for Africa. This plan substitutes…
In a letter seen by the BBC, the DWP told Ms Buckley: “I confirm our decision to waive the outstanding balance of £4,810.17 – therefore this money no longer has to be paid back.
“The Secretary of State has exercised their discretion not to recover any further monies and no further action to recover the remaining balance of the overpayment will be taken.”
The DWP’s u-turn came was a relief for Ms Buckley, who described the last 18 months as “nerve-wracking”.
“I can now celebrate my 60th birthday in style,” she said.
“I thought it [her universal credit payment] was wrong and the money I was getting was too high, but they wouldn’t listen to me and just said it was correct.
“There were times where I considered just paying it [the debt] and…
SINGAPORE – An adviser probing the alleged accounting fraud at Indonesian agritech company eFishery recommended that investors make a decision on whether to liquidate or restructure the firm as soon as this month, in light of the rapid unraveling of the high-profile start-up, according to a document reviewed by Bloomberg News.
In a few weeks, shareholders should vote on whether to wind down, restructure, or sell the company entirely or partially, according to a letter of engagement from FTI Consulting Singapore, the adviser hired by eFishery’s board. Meanwhile, a trade union organised by staff is pushing for the company to cancel mass job-cut plans and resume its business.
The adviser will first conduct an independent review to assess…
A recent Westpac survey of 1,093 customers highlighted a concerning trend, with 24% indicating that holiday expenses might cause financial strain, and 14% considering taking on debt to cover upcoming costs.
The findings underscored the challenges faced by many as they enter the new year, dealing with the aftermath of holiday expenditures coupled with regular financial obligations.
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Sarah Hearn, Westpac NZ’s general manager of product, sustainability, and marketing, explained that the consolidation loan is designed to simplify customers’ financial commitments.
