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“Russia scrambles to avoid default with debt payments: report” Russia reportedly made a pair of overdue debt payments in US dollars on Friday – a move that came as the Kremlin scrambles to avoid what would be its first default on foreign obligations since World War I. Russia’s Finance Ministry said it made a $564.8…
“Biden’s bribe to the affluent: student loan forgiveness” The rich get richer, the old saying goes. And President Joe Biden wants to keep it that way. Case in point: The White House has announced a major move on student debt, canceling it for almost 40,000 borrowers and bringing 3.6 million closer to forgiveness. Yet student-debt relief…
“Russia on verge of default after making payments in rubles, Moody’s warns” A leading credit agency warned Friday that Russia is on the verge of defaulting on its debt obligations — the latest sign that escalating Western sanctions over the Ukraine war could do lasting damage to the Russian economy. Russia violated the terms of…
“With student-loan freeze, Biden subsidizes rich lefties” In yet another silly bid to win lefties’ love, Team Biden is extending the freeze on student-loan payments — which is mainly a gift to the well-off. Progressives want President Joe Biden to nullify all student debt, which even if he had the power would cost taxpayers $1.6…
“Student loan forgiveness proves Democrats are party of the rich” If you want an indication of how completely the Democrats have been transformed from the workingmen’s party to the party of affluent professionals, consider how intensely progressives are pressuring President Biden to extend — for the sixth time — the freeze on college-loan repayments. …
“#AMC CEO Adam Aron says he will try to refinance expensive debt” AMC Entertainment boss Adam Aron said Monday that he wants to refinance some of the movie theater chain’s expensive debt as it weathers the effects of the COVID-19 pandemic. “In 2020 and early 2021, AMC took on debt at high interest rates to…
“#Execs of bankrupt Chinese conglomerate arrested in crackdown” Chinese police have arrested the top two executives and co-founders of HNA Group, a bankrupt conglomerate that crumbled earlier this year after racking up nearly $90 billion in debt, the company announced Friday. The arrests come amid a broader crackdown by Chinese authorities targeting debt-laden companies that…
“#Education Department to cancel $1.1B of debt for ITT Tech students” The US Department of Education is canceling more than $1.1 billion in student debt for 115,000 borrowers who attended the now-defunct ITT Technical Institute, once one of the nation’s largest for-profit college chains by revenue. The Education Department announced Thursday that the move is based…
“#More students chasing graduate degrees isn’t good for society” Between 1980 and 2017, the share of adults with at least a four-year college degree doubled, from 17 percent to 34 percent. The Great Recession intensified the trend; from 2010 to 2019, the percentage of people 25 and older with a bachelor’s degree or higher increased by…
“#Why student loan debt is trapping more Americans than ever” In August of 2018, Lisa, a 54-year-old single mother of two, met with a lawyer to discuss her student loans. As a working psychologist, she’d not just been to undergraduate college — Fairleigh Dickinson University in New Jersey — but also to Widener University in…