Evolution of the external debt of developing countries between 2000 and 2019
Part 1
An update of the three part series “A new trap of indebtedness of the South to the North” published in September-October 2020.
At the end of the 1990s and the early years of the new millennium, developing countries (DC) were emerging from an unprecedented debt crisis, the “lost decades of development”, which had started in 1982 with Mexico defaulting. Between 1980 and 1999 there had been at least 280 debt restructuring operations.
At the time, faced with the sheer size of the crisis and popular pressure, creditors launched emergency financing or debt relief initiatives. Since 1982, those measures have essentially guaranteed the debt would still be paid for creditors not to be affected by a general suspension of debt payment as had happened in the 1930s.
Texas-Based Anti-Vaccine Group Got Federal Bailout Money
The pandemic hit the country hard in 2020 and the government tried to get money to businesses that needed it. Instead, we heard about major corporations getting the small business loans and Joel Osteen s megachurch getting millions of dollars. Now we re hearing about some anti-vaxxers groups getting a bunch of federal money during the pandemic.
At a minimum, it’s a mixed message from the government. Those individuals who are hesitant are going to be looking to various pieces of information to help them make this decision.and if one of the key pieces of information coming out is the government funding anti-vaccine groups, it could send a signal to these individuals that maybe they shouldn t be vaccinating.
Student Loan Burden Weighs Down a Generation
Student Loan Burden Weighs Down a Generation
Looking to Biden Administration for Relief Share this story Published January 19th, 2021 at 6:00 AM Above image credit: The cost of college is increasing nearly eight times as fast as wages, making it more difficult to repay student loans. (Photo | Unsplash)
When Michael Wolfe was in high school, his economics teacher told him to follow his dreams and go to college to get a film production degree.
Wolfe still regards this as some of the worst advice he’s ever received.
At age 25, Wolfe is in $92,000 of student debt after just three years at Chapman University in Orange, California. His student loans have become a ball and chain.
Posted by: KHTS Articles in News Articles January 18, 2021 - 11:32 am
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Are you looking to opt for a mortgage but are unsure about the details regarding the process? In this article, we are going to talk about all the vital aspects regarding this topic in order to help you understand mortgage better.
What Is A Mortgage Exactly?
Basically, a mortgage is a type of loan that is used in order to purchase a home, and the property further acts as security for the loan itself. Mortgages tend to be for large sums of money, and they are usually paid off over 25 or 30 years. Now, when it comes to signing up for a mortgage, you are agreeing to make regular payments until you pay your mortgage off.
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Bank of America shares slid in early trading as the bank’s fourth-quarter earnings results topped analysts’ expectations but came in well below the year-earlier figure.
The quarterly profit for the bank totaled $5.5 billion, down from $7 billion in the year-ago quarter. Earnings per share were 59 cents a share, beating Wall Street’s expectations of 55 cents. Bank of America’s (ticker: BAC) revenue came in at $20.1 billion, short of the $20.6 billion forecast by analysts surveyed by FactSet, and 10% below the last three months of 2019.
Bank of America shares were down 2.5% in premarket trading but had been up more than 1%.