Page 32 - Debt Trap News Today

Cash-strapped and struggling to care for his two disabled children, Mohammad Sabha took out a loan. Now he fears ending up in a Jordanian prison because he can't repay it.

Montenegro is rich with gorgeous coastlines and sweeping mountain ranges. The small Balkan country with a population of 600,000 has become a geopolitical flashpoint, as Europe, China, Russia, and the United States all actively attempt to influence its political and economic future. While Russia maintains its deep historical ties to the region as a whole, China looks to maximize investment opportunities, while the U.S. hopes to retain its military ally on the Adriatic coast.  As Russia and the ...

How Punjabs Dalit Labourers Are Trapped to Live a Bonded Life A survey revealed that big peasants, who were among the top lenders to the labourers, gave them loans in the garb of paying low daily wages. A labourer drinks water while harvesting wheat crop at a field in Jhanpur village of the northern Indian state of Punjab April 18, 2012. Photo: Reuters/Ajay Verma Rights9 hours ago Mansa, Patiala (Punjab): A narrow dirt road alongside a filthy pond enters Neelam’s one room house at Aklia...

While once hegemonic, the Western model of development cannot claim to be morally superior in today’s multipolar world.

China continues to boost leverage over vulnerable countries as part of its debt-trap diplomacy Beijing China is boosting its leverage over financially vulnerable countries and ensnaring some in sovereignty-eroding debt traps by extending loans with strings attached. The latest to fall prey to Chinas debt-trap diplomacy is Laos, which recently signed a 25-year concession agreement allowing a majority Chinese-owned company to control its national power grid, including electricity exports to neigh...

Analysis On April 21, the Australian government intervened to cancel the state of Victoria’s controversial Belt and Road ...

China defends its US$944 million loan to Montenegro for motorway project Sum is less than 25 per cent of Balkan nation’s total debt, and relatively high cost of project due to ‘unfavourable geological conditions’, Chinese embassy in Podgorica says EU said earlier it would not pay off Montenegro’s debts

M. Champa Irangani is in no mood to celebrate ‘Avurudu’, or New Year, the biggest annual festival that Sri Lanka’s majority Sinhalese community observes mid-April, while Tamils celebrate the Tamil New Year around the same time. “The New Year will dawn only the day our debts are cancelled. Until then we cannot celebrate. Surely not, when so many women have died by suicide under the pressure of microfinance loans,” she says, seated with dozens of affected women who have been observing ...

7th Ave and West 34th in Manhattan before sunset The so-called Enlightenment placed man at the center of the universe, edging aside the “God-centered” worldview once prevalent among Western elites. Then came the Industrial Revolution, spawning the age of “Economic Man.” Matters of consequence came to be viewed primarily through the prism of economic impact. That is something that both Karl Marx and the robber barons of the Gilded Age had in common – a purely economic worldview. Econ...

Toronto, ON, April 8, 2021 — After several months of going through a second wave of the COVID-19 pandemic, there are signs that Canadians are starting to feel more positive towards their personal finances. Now in its sixteenth wave, the MNP Consumer Debt Index, conducted quarterly by Ipsos, tracks Canadians’ attitudes about their debt situation and their ability to meet their monthly payment obligations. The Index currently stands at 96 points, up seven points over December 2020, offering a...