U.S. student debt is estimated at about $1,5 trillion.
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Student loan defaults have risen sharply, and the number-one reason is deceptive and misleading practices by for-profit institutions.
Credit cards sometimes charge exceptionally high interest rates.
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The lawmakers have proposed capping interest rates on consumer loans at 15%, but doing so may hurt some of the people it’s aiming to protect.
Canadian medical students graduate with up to $200,000 in debt, and burnout rates are high.
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A ‘learn local’ strategy, along with increased residency positions and the return of a rotating internship could go a long way towards improving Canada’s system of medical training.
It is expected that the two presidential candidates – incumbent Joko “Jokowi” Widodo and challenger Prabowo Subianto – will talk about the country’s debts during the final election debate as the issue has become one of the most debated topics.
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Debt is not that bad if a country uses it to drive growth and development.
Canadians, like many other people around the world, are stressing about money and have amassed a lot of credit-card debt.
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People are stressed out about money, with most of us struggling to make ends meet due to abusing credits cards and amassing consumer debt. Some tips on how to change your spending behaviour.
Canadian bank notes are seen in this 2017 photo. Ottawa finances deficit spending by borrowing money. Twenty per cent of the money is borrowed from the Bank of Canada. In other words, the government borrows that money from itself.
THE CANADIAN PRESS/Adrian Wyld
Critics complain that government debt saddles future generations with a financial burden. The critics are wrong.
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New research reveals how austerity pushed poor families into debt to pay for basic needs like food, rent and hot water.
Millennials carry more student loan debt than previous generations.
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Millennials are more financially conservative than their high debt balances might suggest.
This is what a 5-megawatt, lithium-ion energy storage system looks like.
Pacific Northwest National Laboratory
Energy storage could prove an inexpensive way for power companies to handle heat waves and other times when consumers use more electricity than usual.
Does a few more trillion make a difference?
AP Photo/Manuel Balce Ceneta
Although US debt may be at eye-popping levels, an economist explains why it shouldn’t keep you up at night.
A hallowed chamber for an important address.
AP Photo/J. Scott Applewhite
As Trump prepares to deliver his delayed State of the Union address, here’s what four economists had to say about the state of the union.
Food donated for TSA workers who continue to work without pay.
AP Photo/Keith Srakocic
As people say thanks to those who are turning up for work without being paid, an expert explains what true gratitude really means.
The spectacular view of the tourist town of Pokhara, one of the places that could be connected by a trans-Himalaya rail line.
Author provided
Sri Lanka has become the cautionary tale when it comes to Belt and Road investment with China. Can Nepal avoid a similar fate?
A KFC in Harare, like many other shops, has shut down as a result of Zimbabwe’s financial crisis .
EPA-EFE/AARON UFUMELI
Emmerson Mnangagwa’s administration is struggling to overcome the national economic destruction wreaked on Zimbabwe over two decades under Robert Mugabe.
Research among Canadians shows employment to be a critical social determinant of health, partly because those who earn higher wages have more access to safe housing, nutritious foods, social services and medical care.
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No longer can young people invest in their education and work their way into secure employment. The health impacts of this job insecurity are profound.
The financial system is awash with money, which is why interest rates have been so low for so long.
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It’s been 10 years since the U.S. signed into law a scheme to print money, essentially, and save the financial sector amid the sub-prime mortgage meltdown. Did it work? And who’s truly benefitted?
Elon Musk changed his mind about privatizing Tesla.
AP Photo/Paul Sakuma
The history of leveraged buyouts suggest Musk was smart to heed the advice of investors and nip his plan to take Tesla private in the bud.
Shadow minister for finance Jim Chalmers, speaking on Q&A.
ABC/Q&A
Was shadow minister for finance Jim Chalmers correct when he said that under the current Coalition government, net debt had doubled? We asked the experts.
Kenya’s debt levels are rising at an alarming rate.
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Kenya’s heavy debt burden is worrisome and could damage its economy in the long-term.
Some of the damage cause by Hurricane Maria, months after it hit.
Reuters/Carlos Garcia Rawlins
While the hurricanes last year dealt devastating blows to Puerto Rico, its challenges predate the storms and continue on today. They also offer new opportunities.