Americans credit card debt has just hit a disturbing record of $1.02 trillion according to the federal reserve.
Buzz60
Paying off debt in the new year is a common resolution. But resolving to do something and actually doing it are two different things.
Taking a smart approach to building good habits, however, can help you master your debt in the coming year.
Jon Bailey, professor emeritus in the psychology department at Florida State University, suggests applying some principles of behavioral psychology to help you create sustainable habits.
Our general approach is really from th…
Read the full article at: https://www.usatoday.com/story/money/personalfinance/2017/12/17/how-actually-keep-your-new-years-debt-resolutions/942250001/
As online shopping tightens its grip on our credit cards (hello, Black Friday), and international high street brands, with their bargain-price, covetable clothing, become more accessible than ever before, local labels are feeling the pinch.
Case in point: today Lover has gone into voluntary administration.
Ferrier Hodgson partners Morgan Kelly and Ryan Eagle have been appointed voluntary administrators of the beloved local label, Fashion Journal reports, and have called for immediate expressions of interest in the sale.
…
Read the full article at: https://www.marieclaire.com.au/lover-fashion-label-voluntary-administration
Administrators have said Dover-based ship repairers Burgess Marine went under because a major customer failed to pay up.
The company, which did everything from upgrading superyachts to repairing warships, has made 102 people redundant.
Although based in Channel View Road the company has four other sites across the South Coast all of which have been closed.
Others in Avonmouth, Lowestoft and Poole have been sold, saving 45 jobs.
Administrator Danny Dartnaill, BDO business restructuring partner, said: Regrettably, difficult trading conditions and a shortfall in the companys working capital position – contributed to by a failure to secure the final payment due in regard to a recent major refit project – significantly affected the…
Read the full article at: http://www.kentlive.news/news/kent-news/major-customers-failure-pay-been-938405
This weeks question to South Florida CEOs who are on the Miami Herald CEO Roundtable: You have a valued employee who has gotten so deeply in debt that it is affecting his/her work. How do you handle it?
===
…
Read the full article at: http://www.miamiherald.com/news/business/biz-monday/article189914174.html
Israel’s trade union federation Histadrut has called for a nationwide general strike on Sunday to protest planned massive layoffs at Teva Pharmaceutical Industries, the world’s largest generic drug producer and Israel’s largest company.
The strike will hit airports, ports, banks and government offices across the country, which are set to remain closed until noon.
On Thursday, Teva announced plans to layoff 14,000 employees around the world over the next two years, although unions fear the company’s Israeli workers will bear the brunt.
The job losses come as the company announced a restructuring to cope with nearly $US35 billion in debt after acquiring Allergan’s generics business for $US40.5 billion in 2015.
Based in Petah Tikva, 10km e…
Read the full article at: http://www.news.com.au/finance/business/breaking-news/general-strike-in-israel-over-layoffs/news-story/e708f4461767f86580495a9ca531da00
It is ironical that while the 2017 Forbes India List says that the combined net worth of Indias 100 wealthiest stood at a whopping $479 billion, top corporate borrower groups in India are unable to repay loans and make timely interest payments.
Tackling NPAs
The government has taken the high moral ground to deal with the menace of non-performing assets or NPAs that have brought many public sector banks on the verge of bankruptcy. It sounded the bugle for errant promoters with its ordinance of November 23 amending the Insolvency and Bankruptcy Code (IBC) 2016. Many are of the view that if the errant promoter is disqualified from the bidding process it will lead to further losses for banks.
However, the ordinance is not likely to either eli…
Read the full article at: http://www.thehindu.com/todays-paper/tp-opinion/changed-priorities/article21765044.ece
Israel’s trade union federation Histadrut has called for a nationwide general strike on Sunday to protest planned massive layoffs at Teva Pharmaceutical Industries, the world’s largest generic drug producer and Israel’s largest company.
The strike will hit airports, ports, banks and government offices across the country, which are set to remain closed until noon.
On Thursday, Teva announced plans to layoff 14,000 employees around the world over the next two years, although unions fear the company’s Israeli workers will bear the brunt.
The job losses come as the company announced a restructuring to cope with nearly $US35 billion in debt after acquiring Allergan’s generics business for $US40.5 billion in 2015.
Based in Petah Tikva, 10km e…
Read the full article at: https://finance.nine.com.au/2017/12/17/15/10/general-strike-in-israel-over-layoffs