br00t4c, to random
@br00t4c@mastodon.social avatar
br00t4c, to random
@br00t4c@mastodon.social avatar

Biden's Student Loan Forgiveness Efforts Don't Go Far Enough, the Debt Collective Says

#biden #debt

https://www.teenvogue.com/story/biden-student-loan-forgiveness-2024

br00t4c, to random
@br00t4c@mastodon.social avatar

Australian federal Labor government budget includes paltry student debt "relief"

#australian #debt

https://www.wsws.org/en/articles/2024/05/16/zpar-m16.html

jonpsp, to uk
@jonpsp@mstdn.social avatar

'For years this has been described by water companies and politicians as a problem of “Victorian” sewers.' 'In fact, modern sewers are the problem. Very little of the British sewer system – less than 1 per cent, in some areas – is Victorian, and it is not the Victorian sections that are responsible for the most spills.'

https://www.newstatesman.com/environment/2024/05/great-stink-britain-pollution-crisis-sewage-thames-water

jonpsp,
@jonpsp@mstdn.social avatar

'Privatisation was a con from the start: the Thatcher government had restricted the amounts that regional water boards could borrow...'

https://www.newstatesman.com/environment/2024/05/great-stink-britain-pollution-crisis-sewage-thames-water

'The £78bn that has been distributed to shareholders since privatisation has been extracted entirely from the public. The £96bn the industry says is needed to fix the system by 2030 will also come from the public.'

Nonilex, to chicago
@Nonilex@masto.ai avatar

May Owe $100 Million From Tax Breaks, Audit Shows

A previously unknown focus of an audit is a dubious accounting maneuver that effectively meant taking the same write-offs twice on his skyscraper.


https://www.nytimes.com/2024/05/11/us/trump-taxes-audit-chicago.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=c-cb

Nonilex,
@Nonilex@masto.ai avatar

The first write-off came on Trump’s return for 2008. With sales lagging far behind projections, he claimed that his investment in the condo-hotel tower met the tax code definition of “worthless,” because his on the project meant he would never see a profit. That move resulted in reporting losses as high as $651 million for the year, The Times & ProPublica found.


https://www.propublica.org/article/trump-irs-audit-chicago-hotel-taxes

br00t4c, to random
@br00t4c@mastodon.social avatar
br00t4c, to random
@br00t4c@mastodon.social avatar
br00t4c, to random
@br00t4c@mastodon.social avatar

'Girl I got 10k in debt': Bank of America customer says she'll be charged a monthly fee if she doesn't have $10,000 in her checking account thanks to new rule

https://www.dailydot.com/news/bank-of-america-10k-checking-balance-rule/

br00t4c, to random
@br00t4c@mastodon.social avatar
br00t4c, to Fashion
@br00t4c@mastodon.social avatar
ChrisMayLA6, to Health
@ChrisMayLA6@zirk.us avatar

While accurate data is hard to assemble, it now looks like around 8-10% of people who are 'self-paying' for private medical treatment are borrowing the money.

As the Tory defunding strategy has pushed more people into the arms of private healthcare so their chums in financial services are also starting to garner some more business.

That desperate people are being forced into indebtedness to pay for treatment is a sad confirmation of the Tory's strategy of wrecking the NHS.

#health #debt

br00t4c, to medical
@br00t4c@mastodon.social avatar

Higher interest rates make government debt unviable as an economic solution | Kenneth Rogoff

#debt #policy

https://www.theguardian.com/business/2024/may/02/higher-interest-rates-government-debt-us-inflation

br00t4c, to ukteachers
@br00t4c@mastodon.social avatar

Rent, debt, food, petrol: The mighty task of tackling cost of living, by the numbers

#debt #education

https://www.crikey.com.au/2024/05/02/jim-chalmers-budget-cost-of-living-petrol-groceries-help-debt-rent/

br00t4c, to geopolitics
@br00t4c@mastodon.social avatar
thejapantimes, to business
@thejapantimes@mastodon.social avatar

Japan's debt has grown to more than 250% of the nation’s economy, more than any of its peers, according to data from the IMF. https://www.japantimes.co.jp/business/2024/04/30/economy/japan-debt-dilemma/

br00t4c, to random
@br00t4c@mastodon.social avatar
br00t4c, to random
@br00t4c@mastodon.social avatar

▶ How payday loans become a debt spiral #shorts

#debt

https://www.youtube.com/watch?v=ieXXGJCT6uw

YusufToropov, to college
@YusufToropov@toot.community avatar
br00t4c, to geopolitics
@br00t4c@mastodon.social avatar

Higher for longer interest rates hit the global economy

#debt #global

https://www.wsws.org/en/articles/2024/04/26/nola-a26.html

br00t4c, to random
@br00t4c@mastodon.social avatar

How far are parents willing to go? Nearly 60% of Canadians would go into debt to pay for their children's education

#canadian #debt

https://nowtoronto.com/news/nearly-60-of-canadians-would-go-into-debt-to-pay-for-their-childrens-education/

br00t4c, to random
@br00t4c@mastodon.social avatar

Hecs/Help debt to rise by 4.8% in June as indexation lifts average loan by more than $1,200

#debt #greens

https://www.theguardian.com/australia-news/2024/apr/24/australia-hecs-debt-fee-help-loans-rising-indexation-cpi

skepticsbookoflists, to random
@skepticsbookoflists@c.im avatar

Guy: The debt is a fiction! We should just cancel the debt!

Me: So you just cancel the $2 trillion Americans have invested in savings bonds and the government debt their pension funds have invested in?

Guy: Yeah. We do that by giving them cash for their bonds.

Me: So what you're saying is the government just repays its debt...


#Debt

br00t4c, to random
@br00t4c@mastodon.social avatar
thejapantimes, to business
@thejapantimes@mastodon.social avatar

An International Monetary Fund economist has recommended Japan phase out its measures to reduce the impact of the COVID-19 pandemic and its energy subsidies to achieve fiscal consolidation. https://www.japantimes.co.jp/business/2024/04/19/economy/imf-on-japan-fiscal-consolidation/

br00t4c, to random
@br00t4c@mastodon.social avatar

Rising gold price a sign of emerging financial crisis

#debt #financial

https://www.wsws.org/en/articles/2024/04/19/wnzw-a19.html

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