Protesters surround Tony Finau at charity event over alleged millions in debt
Tony Finau was surrounded by protesters at a charity golf event in Utah on Monday, demanding that he pay off debts that are said to be “in the millions of dollars.” Participants camped out for 2 1/2 hours outside Oak Ridge Country Club for Finau’s annual golf tournament and clinic. According to the Deseret News. […]
National Debt Reaches $35 Trillion For First Time In US History
The national debt surpassed $35 trillion for the first time in U.S. history on Monday as exorbitant federal spending continues under President Joe Biden. Since Biden took office, the national debt has Increased That’s an increase of more than $7 trillion to date, up from $27.7 trillion on January 20, 2021. Over $35 trillion As […]
America’s Future Clouded By Illegal Immigration, Uncontrolled Debt
Estimated Reading Time: 3 minutes Americans are feeling growing unease about the accumulating dysfunctions afflicting us which seem to elude governmental solutions. The combination of weak leadership and irresolute voters has led to diminished standing internationally, inflation, rising crime rates, energy shortages, the hollowing out of once-great cities, and persistent racial disparities. Yet the greatest […]
Student loan debt has increased by 430% since 2003 – here’s how to lower your debt
Over the past 20 years, student loan debt has increased by 430%. (iStock ) The national debt has grown substantially over the past two decades, but never more so than in student loan debt, which has increased 430% since 2003. Kaplan Group ResearchAlthough student loan debt has stabilized in recent years, levels remain alarmingly high. […]
Money, Debt, and Bitcoins
Estimated Reading Time: 8 minutes Suppose soaring inflation caused our money to be of so little value that it was no longer acceptable for business purposes. It should be obvious that a modern economy cannot function purely on barter trade. What would we do? This has happened in many countries. Usually, they turn to doing […]
Goldman Sachs’ profit more than doubled in the second quarter, bolstered by higher fees from debt underwriting
Anastasia Amoroso, chief investment strategist at iCapital, talks to “Making Money” about what could be the catalyst for a stock market selloff. Goldman Sachs’ profits more than doubled in the second quarter, thanks to higher debt-underwriting fees and strong performance in its bond-trading business. The bank reported Monday profit of $3.04 billion, or $8.62 per […]
Tuition Loan Debt Is Corporatism at Its Worst
Estimated Reading Time: 3 minutes The left accuses the right of fascism, the right accuses the left of socialism, and both engage in corporatism. Corporatism is the organization of the body politic and the economy by interest groups, such as farmers, corporations, banks, media, labor unions, educators, government agencies, and professional guilds. It’s difficult to […]
Poll Finds Americans Worried About National Debt
Americans are worried about the national debt, according to the results of a new poll. Americans have the national debt crisis as one of their top concerns along with war, inflation, and crime. Those polled think the overspending has a direct impact on their personal security and also has an impact on the security of […]
Chicago pension debt climbs to $37.2 billion – Chicago Tribune
Chicago’s pension debt topped $37 billion last year, but city leaders on a special task force convened by Mayor Brandon Johnson more than a year ago to address the problem have focused on one area: how to ensure that benefits to certain pensioners are at least as good as Social Security. City debt rises to […]
Many Americans don’t approve of how student loan debt is being handled by Biden
Many borrowers want forgiveness but don’t approve of the way student loans have been handled in recent years. (iStock) Student loan debt has been a hot topic this election season. As the fight over the pros and cons of debt forgiveness rages on, many borrowers have been vocal about their opinions on debt forgiveness. Currently, […]