A multi-state group of attorneys general on Friday sent a letter to Congress urging President Joe Biden to cancel up to $50,000 in federal student loan debt.
Woman found dead as officials arrive to seize property
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AAA A 52-year-old woman was found dead in a room of her house in Puttur on Thursday when bank officials and police went to seize the property as part of loan recovery proceedings. The Puttur Town police identified the deceased as Prarthana Prabhu.
Superintendent of Police B.M. Laxmi Prasad said Prarthana’s husband, Raghuveer Prabhu, had taken a loan from Canara Bank and had failed to repay it for 10 years. The total outstanding amount was ₹37 crore.
On January 17, the court in Mangaluru passed an order for seizure of the house of Mr. Prabhu, which stands off the Harady Railway Station road. A court commissioner was appointed and the court directed the district police to provide security for the court commissioner for completing the proceedings. The court-appointed commissioner went to the house along with bank officials and policemen of Thursday morning. Mr. Prabhu’s children told t
Private Equity Firms Are Piling On Debt to Pay Dividends
Dividend recaps, a kind of borrowing long condemned for loading up companies with debt for the benefit of their private equity owners, has surged.
Using borrowed money, the Blackstone Group of New York got about $200 million in dividends out of a company it controls, in a transaction called a dividend recapitalization.Credit.Bloomberg
Feb. 19, 2021
The initial public offering of Apria Healthcare last week was a $170 million boon to Blackstone Group, the private equity firm that is Apria’s majority owner.
But as lucrative as that payday was, it wasn’t as good as the one Blackstone extracted from the company just a few weeks earlier: about $200 million in dividends, paid with borrowed cash.
| UPDATED: 08:27, Tue, Feb 23, 2021
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The coronavirus pandemic has forced countries around the world to take unprecedented economic measures. Perhaps the most significant came last year when the EU agreed to a COVID-19 recovery fund, which was given the green-light to roll out last month. The package means that the 27-member states will now share collective debt.
Evening Update: Canada’s current COVID-19 restrictions won’t prevent ‘intense’ third wave of COVID-19, Tam warns Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Good evening, let’s start with today’s top coronavirus stories:
An intense third wave of the COVID-19 pandemic is a possibility this spring based on current health measures across Canada, the country’s Chief Public Health Officer warned Friday.
New federal modelling says the status quo won’t be enough to contain faster-spreading variants of the disease, Dr. Theresa Tam said at a media briefing in Ottawa.