Category: Debt
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Debt: Bitcoin Is Not A Return To Stateless Money, It Is the First
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I just finished reading Religion: The First 5,000 Years by anthropologist David Graeber. The book takes a look at the history of money and debt and how they relate to societal structures from a lens that departs significantly from the conventional wisdom of economic thinking. Conventional wisdom paints a picture…
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How Strategic Bitcoin Reserves Could Help Offset US Debt, CEO Explains
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The US elections were one of the most defining events for the cryptocurrency space in 2024. Specifically, the re-election of Donald Trump revived Bitcoin and the entire cryptocurrency market after an uninspiring second and third quarter. One of the promises made by President-elect Trump in the run-up to the polls…
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KMT-Hansa Announces Debt Conversion | Financial Post
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Article content TORONTO, Dec. 04, 2024 (GLOBE NEWSWIRE) — KMT-Hansa Corp.institution“) would like to announce that it has agreed to settle (collectively,”)Debt settlement“) with a total debt of $940,024.92 to four (4) independent creditors. Debt settlement consists of: Article content The bonds bear interest at the rate of 7% per…
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Dave Ramsey Says Those Predicting The ‘Economic End Of The World’ Over The National Debt Have Been Consistently Wrong
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Dave Ramsey says those who predicted the “economic apocalypse” due to the national debt were consistently wrong Dave Ramsey has seen it all when it comes to forecasts about the economy. And when it comes to the national debt, it’s clear: People have been sounding the alarm about the “economic…
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How the Treasury can get Kenya out of debt distress
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Treasury Minister John Mbadi is working under extremely precarious conditions. As he seeks to simplify Kenya’s financial landscape, he should not lose sight of the fact that any reference to the rejected 2024/2025 Finance Bill may anger Generation Z who thwarted its implementation in June this year. However, the country…
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Fraser Institute News Release: 7-in-10 provinces had combined government debt burdens that exceeded the size of their entire economies in 2022, curbing economic growth
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Article content VANCOUVER, British Columbia, Nov. 07, 2024 (GLOBE NEWSWIRE) — Combined federal and provincial government debt in seven provinces exceeds the value of all goods and services produced in those provinces through 2022, dampening economic growth and living standards, according to a report. A new study published by the…
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Fraser Institute News Release: 7-in-10 provinces had combined government debt burdens that exceeded the size of their entire economies in 2022, curbing economic growth
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Article content VANCOUVER, British Columbia, Nov. 07, 2024 (GLOBE NEWSWIRE) — Combined federal and provincial government debt in seven provinces exceeds the value of all goods and services produced in those provinces through 2022, dampening economic growth and living standards, according to a report. A new study published by the…
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Stocks might ‘go nowhere’ for the rest of this year amid Fed uncertainty and US debt concerns, market vet says
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Bloomberg Creative/Getty, Drew Angerer/Getty, Tyler Lu/PI Ed Yardeni says the S&P 500 may remain flat for the rest of the year. The market expert believes there will be no further Fed rate cuts until 2025 as the economy remains strong. He added that US government debt will also continue to…
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A 38-year-old with $38,000 in student debt tells other generations, ‘I highly recommend finding a way to avoid taking out loans’
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Millions of Americans have begun paying off their debts Federal student loans And again last October, with monthly payments averaging hundreds of dollars a month. Borrowers had to start cutting expenses, taking on additional work, and looking for options to reduce their monthly payments. Megan McClelland, 38, said last year…
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Rachel Reeves to introduce new debt rule, unlocking £50bn for UK investment
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Chancellor Rachel Reeves has announced a major shift in the UK’s fiscal policy framework, confirming plans to introduce a new rule for “investment” debt in next week’s Budget. This change is expected to free up more than £50 billion of borrowing capacity, allocated for long-term capital investment projects, while maintaining…
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Debt crisis: World’s $100 trillion timebomb keeps ticking
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Even before global finance ministers head to Washington over the next few days, the International Monetary Fund has urged them in advance to tighten their belts. Two weeks before a US election that will likely define a new era, and with the latest global inflation crisis drawing to a close,…
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Exclusive-Maldives picks Centerview as debt adviser amid financing crunch By Reuters
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Written by Karen Strohecker LONDON (Reuters) – The Maldives has chosen U.S.-based Centerview Partners as its debt adviser as the country struggles to avert a financial crisis, two sources familiar with the situation said. Fears have grown in recent months that the island nation could become the first country to…
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Senegal’s dollar bonds fall after audit reveals larger debt and deficit By Reuters
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Written by Duncan Miriri NAIROBI (Reuters) – Senegal’s dollar sovereign bonds fell on Friday after a government review revealed larger debt and deficit numbers than the previous administration announced, TradeWeb data showed. Recently elected President Basseru Diomai Faye, who ordered the audit, blamed the previous government for publishing false figures,…
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Kenya eyes UAE-backed Sh193bn debt as IMF delays
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Kenya has turned to $1.5 billion (Sh193.8 billion) in UAE-backed bonds in the wake of faltering IMF financing to plug the country’s financing shortfall as UAE royals seek wider influence in Africa. . The UAE will guarantee the bonds while Kenya expands the scope of financing available after the withdrawal…
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Donald Trump Says Crypto Could Help Pay Off $35 Trillion U.S. Debt
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Donald Trump has increasingly embraced Bitcoin and cryptocurrencies during his 2024 presidential campaign. Recently, when asked about the future of cryptocurrencies, Trump responded that he believes “cryptocurrencies have a great future” and floated the idea of using them to pay off the $35 trillion US national debt. BREAKING: ?? Donald…
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Donald Trump Says Crypto Could Help Pay Off $35 Trillion U.S. Debt
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Donald Trump has increasingly embraced Bitcoin and cryptocurrencies during his 2024 presidential campaign. Recently, when asked about the future of cryptocurrencies, Trump responded that he believes “cryptocurrencies have a great future” and floated the idea of using them to pay off the $35 trillion US national debt. BREAKING: ?? Donald…
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Investors are betting on Wizz Air taking a bigger hit than its rivals amid price wars, debt and engine issues
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With travel expectations weakening as consumers hold back on spending, sellers are betting that one budget airline will fare worse than its European peers. The shares offered for trading, which indicate short interest, represent 13% of Wizz Air Holdings Plc’s shares available for trading, according to the latest data from…
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Crypto Millionaire Loses $43 Million In Trading Bet, Rakes Up $132 Million In Debt
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The cryptocurrency industry is known for its volatility and high-risk trading, which can turn disastrous if not managed properly, even for highly experienced crypto traders. One such loss is the case of millionaire James Fickell, who suffered a huge loss in 2011. Bold bet on Ethereum He inflicted heavy losses…
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UK debt could triple to 300% of GDP within 50 years, OBR warns
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The Office for Budget Responsibility has warned that UK public debt could rise to 300% of GDP over the next half-century, due to rising costs linked to climate change and an ageing population. In its latest report on long-term fiscal risks, the independent watchdog warned that current policy choices and…
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Roots Corporation Q2 2024 sales dip, debt reduction on track By Investing.com
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Roots Corporation (ROOT), a prominent lifestyle brand, reported a slight decrease in sales for the second quarter of 2024 during its Analyst Conference Call on September 13, 2024. Despite the sales dip, the company successfully reduced its net debt and maintained stable adjusted EBITDA losses. CEO Meghan Roach highlighted the…