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Australians face rising credit card debt after festive overspending; experts suggest debt consolidation loans to regain financial control. Thousands of
The Alliance for Gambling Reform has seized on the worsening losses to call for full implementation of the 31 recommendations of the parliamentary inquiry into gambling advertisements.
That inquiry, chaired by the late Labor MP Peta Murphy, recommended a total ban on gambling ads, a ban on inducements, a levy on gambling companies and a new national regulator.
(Bloomberg) — A key bondholder group of Country Garden Holdings Co., one of China’s most closely watched developers ensnared in the broader property crisis, isn’t on board with restructuring terms unveiled Thursday, people familiar with the matter said.
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The new proposals by Country Garden aren’t supported by the so-called ad hoc group, which holds more than 30% of the developer’s outstanding $10.4 billion of notes, according to the people.
Discussions with the builder, which started in November, slowed down in the final week of December due to disagreement over restructuring terms including on topics such as the conversion prices of mandatory conversion bonds and debt payment dates, the people…
Australians face rising credit card debt after festive overspending; experts suggest debt consolidation loans to regain financial control.
Thousands of Australians who had planned to cut back on their spending over the summer due to the ongoing cost-of-living crisis have found themselves overspending during the festive season, leaving their finances in disarray.
According to brokerage Bell Partners Finance, a recent study from comparison site Finder revealed that 8 per cent of Australians – equivalent to 1.7 million people – are now facing growing credit card debt heading into 2025. The national credit card debt is estimated to total $2.7 billion.
Bell Partners Finance managing director Mark Stevenson said…
Lower credit scores, increased bankruptcies, more debt sent to collections, and more incidents of domestic violence tied to local team losses.
That’s what Minnesotans would be inviting if the Legislature legalizes sports betting, according to authors of recent studies on wagers, who appeared at a hearing of the Senate Finance committee Wednesday.
In 2018, a Supreme Court ruling repealed a law that had long banned sports betting nationwide, except in Nevada. Since then, 38 states and the District of Columbia have legalized the sports wagers, and a growing number of consumers are placing bets using mobile apps.
Marat Lerner stole $2.5 million from financially distressed clients, funneling funds into luxury purchases while leaving victims bankrupt and facing foreclosure.
Marat Lerner, the former president of a Brooklyn-based debt relief services company, was sentenced to prison for 11 years and three months on Tuesday for conspiracy to commit wire fraud and wire fraud.
The victims, many of whom are Brooklyn residents from the Eastern European community, were clients of the Lerner Group, a company that offered debt relief services, including mortgage modifications, according to a press release.
United States District Judge Nicholas G. Garaufis handed down the sentence in federal court in Brooklyn, ordering Lerner to forfeit…
Shocked young man sitting on sofa at home with phone in hands and looking worriedly at screen. Lost … [+] money in online games, betting, bankruptcy, fraud.
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We are in the middle of what I like to call “peak sports.” At the time this will be posted, Major League Baseball and the WNBA will have just crowned their champions all while we are in the thick of the popular college and professional football seasons. At the same time, the NBA and NHL are now starting to play games.
Along with America’s love affair with sports, another related industry has reached a new high. The legal sports betting industry in the United States has experienced significant growth in the last 5 years. Gross gaming revenue from sports betting in the…
Sally Sara: A wave of business insolvencies is sweeping through the nation’s economy at a level not seen for more than a decade. ASIC expects more than 10,000 companies will enter administration by the end of this financial year as inflation dogs the economy. Some businesses are being squeezed between rising wages and costs and flattened consumer spending and a growing number aren’t coping. John Daly reports.
Jon Daly: Behind each failed business is often an owner picking up the pieces. Wayne Owens ran his Perth-based commercial building company for three decades. It went into voluntary administration last year.
Wayne Owens : I’m still dealing with this on a daily basis, the way it has impacted on my life, to be the happy person I used to…
According to a study conducted by the Halle Institute for Economic Research (IWH), the economic challenges of 2024 led to a surge in insolvencies, reflecting the struggles of Europe’s largest economy to regain its footing in the post-pandemic era.
Record-Breaking Numbers: A Snapshot of Economic Stress
In the final quarter of 2024, 4,215 companies declared bankruptcy, marking a 36% increase compared to the same period in 2023. This wave of insolvencies resulted in nearly 38,000 job losses—a level not seen…
Shohei Ohtani was the story of the 2024 MLB offseason. How could it be anything else? Ohtani, a two-way sensation, hit free agency after putting up MVP-worthy numbers as a hitter and Cy Young-caliber numbers as a pitcher.
After weeks of rumors and rumblings, Ohtani’s next destination was finally decided. After spending six years with the Angels, the Japanese star moved across town, joining the Dodgers on a monstrous 10-year, $700 million contract with Los Angeles.
Before Ohtani could even suit up in his first official game as a Dodger, he was back in the headlines — this time, for his potential involvement in a gambling scandal.
Ohtani was swept up in controversy during spring training. It was…
In January, 1986 Dayton bookie Richard “The Skin Man” Skinner secretly recorded a conversation with Cincinnati Reds legend Pete Rose about Rose’s gambling debt to Skinner.
Dayton Daily News reporter Wes Hills obtained the recording in 2002 from U.S. District Court in Dayton after it was seized during a raid of Skinner’s home several years earlier. The Dayton Daily News reported on the tape at the time, and now has made an edited version available online.
