Pope Francis called for debt
relief for the poor countries of the South of the globe and the
universal abolition of the death penalty in his message for
World Peace Day 2025, which takes place on January 1.
“I would like once more to propose a concrete gesture that can
help foster the culture of life, namely the elimination of the
death penalty in all nations,” the Argentine pontiff said in the
message, which the Vatican released on Thursday. “This penalty
not only compromises the inviolability of life but eliminates
every human hope of forgiveness and rehabilitation”.
…
Insolvency Guardian Media Centre
Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Thai PM pledges more economic stimulus, debt relief measures Daijiworld.com
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Company behind 120-unit QT development faces liquidation BusinessDesk
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UN Chief Says Debt Relief Tools Far From Adequate U.S. News & World Report
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Norwegian Hydrogen Fuel Cell Company TECO 2030 Goes Bankrupt Amid Capital Shortfalls FuelCellsWorks
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IBBI has proposed a Creditor-Led Resolution Process, or CLRP, as a new approach to address challenges in corporate insolvency
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The Insolvency and Bankruptcy Board of India (IBBI), recognising the growing need for an out-of-court resolution mechanism within the existing insolvency framework, has proposed a Creditor-Led Resolution Process (CLRP) as an alternative model for resolving corporate distress. The proposed framework gained its fundamental elements from various sources i.e., the RBI Framework 2019 and other existing ‘out-of-court’ creditor-led processes in India, international models of ‘out-of-court’ insolvency resolution, and practical insights from the implementation of the Corporate Insolvency Resolution Process…
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By contributor By Associated Press Reporter
Pope Francis has called on wealthy countries and institutions to substantially reduce, if not outright cancel, debt as a matter of justice on the occasion of the Vatican’s 2025 Jubilee Year.
In a message for world peace, Francis referred to St John Paul II’s admonition in Jubilee Year 2000 that debt “threatens the future of many nations”.
He noted that many countries “are in no condition to repay the amount they owe”, and called for a new financial framework “lest this prove merely an isolated act of charity that simply reboots the vicious cycle of financing and indebtedness”.
A new framework should be based on “solidarity and harmony between…
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While states have cheered the new tax revenue from sports gambling, some new studies have linked the burgeoning industry to lower consumer credit scores, higher credit card debt and less household savings.
With access on their cellphones, gamblers can bet more often and easily than in traditional casinos, heightening concerns about problem gambling and the financial fallout for sports fans. The rate of gambling problems among sports bettors is at least twice as high as it is for other gamblers, according to the National Council on Problem Gambling.
Legal sports gambling is more widespread than ever. Missouri voters in November became the latest to approve it, making it legal in 39 states and the…
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Once one of Hollywood’s richest actors, Feldman lost his wealth due to addiction and gambling. Today, his net worth is $550,000, and he’s unemployed, deep in debt, and without acting opportunities.
Corey Feldman Net Worth in 2024
| Net Worth | $2 Million |
| Annual Income | $170,000 |
| Peak Net Worth | $19 Million |
| Film Salary | $1 million per movie |
| TV Salary | $14,000 per episode |
How did he lose his Wealth?
In the 1980s, Feldman was one of the highest-paid child actors, earning over $2 million. However, his parents stole all of that money, so he never got to use any of it.
Feldman also tried music and released some successful albums. He then invested in media but lost over $1 million, which further reduced his net worth.
Gambling Losses
Already in debt,…
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Australian small businesses need help with managing and understanding their business debt, according to research from AVA Advisory.
AVA Advisory revealed a significant portion of Australian small businesses needed assistance when managing and dealing with their business debt.
Research from the debt restricting businesses highlighted 38 per cent of SMEs acknowledged their need for financial or business advice against the backdrop of rising inflation and economic challenges.
Along with the acknowledgement that advice was needed, it also highlighted demand for it, as respondents said they wanted better advice to navigate their current debt challenges.
However, 62 per cent…
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Pope Francis called for the
debt relief for the poor countries of the South of the globe and
the universal abolition of the death penalty in his message for
World Peace Day 2025, which takes place on January 1.
“I would like once more to propose a concrete gesture that can
help foster the culture of life, namely the elimination of the
death penalty in all nations,” the Argentine pontiff said in the
message, which the Vatican released on Thursday. “This penalty
not only compromises the inviolability of life but eliminates
every human hope of forgiveness and rehabilitation”.
…
Read the original article here
Pope Francis called for debt
relief for the poor countries of the South of the globe and the
universal abolition of the death penalty in his message for
World Peace Day 2025, which takes place on January 1.
“I would like once more to propose a concrete gesture that can
help foster the culture of life, namely the elimination of the
death penalty in all nations,” the Argentine pontiff said in the
message, which the Vatican released on Thursday. “This penalty
not only compromises the inviolability of life but eliminates
every human hope of forgiveness and rehabilitation”.
…