Gold is up more than 40% in the past year, from under $2,400 an ounce to over $3,400. Meanwhile, the national debt is approaching $37 trillion.

That’s helped revive an idea long dismissed as fringe: revaluing the government’s gold reserves to raise cash. It sounds far-fetched. But a new research note from the Federal Reserve suggests it may not be as out there as it seems.

On August 1, the Federal Reserve published a research note called “Official Reserve Revaluations: The International Experience.” It outlines how five countries used gains on their official gold holdings to raise funds. It…

Claire’s Stores Canada Corp. is considering liquidating its shops as it begins seeking reprieve from creditors, including landlords who have locked out the business.

In an application filed with the Ontario Superior Court on Wednesday, the accessories and cosmetics retailer said it needs creditor protection to “provide the breathing space necessary to determine and pursue next steps, which at present is likely to consist of an orderly liquidation and wind-down of its operations.”

The company runs about 120 stores across Canada but also sells merchandise for teens and tweens in…

Claire’s Stores Canada Corp. is considering liquidating its shops as it begins seeking reprieve from creditors, including landlords who have locked out the business.

In an application filed with the Ontario Superior Court on Wednesday, the accessories and cosmetics retailer said it needs creditor protection to “provide the breathing space necessary to determine and pursue next steps, which at present is likely to consist of an orderly liquidation and wind-down of its operations.”

The company runs about 120 stores across Canada but also sells merchandise for…

Ebuyer, the U.K.’s second-biggest PC retailer, is reportedly ending its operations. Reports have circulated that its staff were unexpectedly sent home early, and Overclock3D has also confirmed that Urban Logistics Acquisitions 6 Limited, the organization from which Ebuyer leases its premises, filed a Winding Up Petition against it on August 1. This is an application to the courts to have a company that is unable to pay its debts closed and compulsorily liquidated. This is the latest in a series of challenges that the company is facing, after an alleged potential buyer lost interest in the company and canceled negotiations.

The company was founded in 2000 and was owned by The West Retail Group from 2004 until the end of the pandemic in…

A few years ago, California’s state government and its cities were flush with cash as the feds dumped $600 billion in stimulus funds into the state. Like all good parties, this one couldn’t go on forever. As the spigot closed, inflation spiked (gee, maybe there’s a connection?) and the economy slowed, the state budget went from a whopping surplus to stubborn deficits. Cities struggle to balance their budgets.

Media attention has focused on the travails of big cities such as Los Angeles, but smaller cities might be the canaries in the coal mine. Enter the city of Orange. Last year, the city faced a $19 million deficit—quite astounding for a city with revenues of around $145 million. Like most big-spending officials, the…

Gambling is a phenomenon. A phone buzz will likely be a betting app notification, while your social media feed is flooded with betting ads. There’s a thin line between enjoying a gambling experience and falling into gambling addiction with all these distractions around.

It’s why jurisdictions like the UK regulate gambling sites to avoid rising cases of problem gambling. However, ardent gamblers are finding ways around this loophole through the non GamStop casinos that operate outside the UK’s jurisdiction. Hence, it becomes a personal initiative to regulate one’s gambling habits to avoid falling into addiction.

Understanding Gambling Risks Associated

Gambling seems harmless, fun to pass the time, and to test your luck….

You don’t have permission to access “http://www.business-standard.com/industry/news/ibbi-calls-for-discussions-in-coc-meeting-on-29a-eligibility-under-ibc-125080601885_1.html” on this server.

Reference #18.529c3e17.1754500709.135a806c

https://errors.edgesuite.net/18.529c3e17.1754500709.135a806c

SPAL have been officially declared bankrupt today as the club disappears from Italian football.

After victory a few months ago in a Serie C relegation playoff, the former Serie A side failed to register for the new season back in June and now, after a judicial hearing, the club have been declared bankrupt.

Advertisement

Gazzetta are reporting that despite ‘numerous attempts to find concrete solutions that could ensure the continuity of the sporting and corporate project’, no solution was found and now the club ceases to exist.

FERRARA, ITALY – JULY 26: General view of the stadium prior the Serie A match between SPAL and Torino FC at Stadio Paolo Mazza on July 26, 2020 in Ferrara, Italy. (Photo by Gabriele Maltinti/Getty Images)

What…

SPAL have been officially declared bankrupt today as the club disappears from Italian football.

After victory a few months ago in a Serie C relegation playoff, the former Serie A side failed to register for the new season back in June and now, after a judicial hearing, the club have been declared bankrupt.

Advertisement

Gazzetta are reporting that despite ‘numerous attempts to find concrete solutions that could ensure the continuity of the sporting and corporate project’, no solution was found and now the club ceases to exist.

FERRARA, ITALY – JULY 26: General view of the stadium prior the Serie A match between SPAL and Torino FC at Stadio Paolo Mazza on July 26, 2020 in Ferrara, Italy. (Photo by Gabriele Maltinti/Getty Images)

What…