Tag Archives: debt

The New York Times ‘No Victory Dance’: Veterans of Afghan War Feel Torn Over Pullout Was it worth it? After two decades of midnight watches and gut-twisting patrols down bomb-riddled roads, after all the deaths and bloodshed and lost years, that was the one inescapable question on Wednesday among many of the 800,000 Americans who have served in Afghanistan since 2001. “There’s no easy answer, no victory dance, no ‘we were right and they were wrong,’” said Jason Dempsey, 49, who… Source link

Biden is canceling another $1.3B in student loan debt. Who qualifies? The Biden administration has announced plans for another wave of student debt forgiveness, this time involving more than $1.3 billion in federal student loan debt held by more than 230,000 people. In many cases, their loan balances were previously wiped out by the government, but then came back — like zombies — because the borrowers had failed to keep officials updated about their incomes. The administration says it’s… Source link

Axios Rethinking government bailouts amid airline industry crisis The trouble with government bailouts is you never really know whether they were necessary, and that’s likely to be the case with the U.S. airline industry, too.Why it matters: One year into the pandemic, it’s not clear whether the $54 billion the U.S. Treasury used to prop up airlines during the pandemic was the right move, or just an expensive gift to a politically favored industry.Stay on top of the latest market trends and… Source link

The New York Times U.S. Rushes to Expand Vaccine Eligibility in a ‘Race Against Time’ CHICAGO — Officials in at least 18 states have committed in recent days to opening coronavirus vaccine appointments to all adults in March or April, part of a fast-moving expansion as states race to meet President Joe Biden’s goal of universal eligibility by May 1. In Ohio, all adults will be allowed to seek shots starting March 29. In Connecticut, April 5. In Alaska and Mississippi, all adults are… Source link

The external fund manager backed by Berkshire Hathaway’s Charlie Munger, Li Lu, makes no bones about it when he says ‘The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.’ It’s only natural to consider a company’s balance sheet when you examine how risky it is, since debt is often involved when a business collapses. We can see that Yandex N.V. (NASDAQ:YNDX) does use debt in its business. But is this debt a concern to… Source link

Senate Democrats cited a provision in the new stimulus bill to again call on Biden to cancel $50,000 in student loan debt through an executive order — despite the president previously stating that he would not do so. “Student loan debt is crushing millions of Americans,” Senators Elizabeth Warren (D-MA) told reporters on Monday. “President Biden has an opportunity to fix that with the stroke of a pen. This bill helps pave the way to cancel $50,000 in student loan debt.” The recently-passed… Source link

(Bloomberg) — American Airlines Group Inc. is kicking off a $7.5 billion sale of bonds and leveraged loans backstopped by its frequent-flyer program, capitalizing on low borrowing costs to repay U.S. government loans that have helped it navigate the pandemic. The carrier is marketing two $2.5 billion series of notes maturing in 2026 and 2029, and a term loan credit facility of the same amount due in 2028, according to a news release. The new debt, which is secured against the company’s… Source link

In a heartfelt moment speaking about racial disparities related to student debt, Representative Ayanna Pressley (D-MA) recently revealed that she defaulted on her student loans at one point. “Like 85% of Black students, I had to borrow; and like so many of those students, I also defaulted on those loans,” Pressley said during a press conference organized by the American Federation of Teachers. “We know that Black and Brown students are five times more likely to default for those loans, than… Source link

Bloomberg A Crypto Kid Had a $23,000-a-Month Condo. Then the Feds Came (Bloomberg) — Stefan Qin was just 19 when he claimed to have the secret to cryptocurrency trading.Buoyed with youthful confidence, Qin, a self-proclaimed math prodigy from Australia, dropped out of college in 2016 to start a hedge fund in New York he called Virgil Capital. He told potential clients he had developed an algorithm called Tenjin to monitor cryptocurrency exchanges around the world to seize on price… Source link

Benzinga 6 Reasons Why You Should Not Buy A Home Owning a home might be the epitome of the American dream, but it’s not engraved in stone! So, if you’ve been toying with the idea of giving up homeownership, then, by all means, go for it. However, given that homeownership is perceived as the hallmark of wealth, giving it up is set to bring you a lot of controversies. Individuals in your circle might even criticize. But regardless of what the greater population thinks, here are good reasons… Source link