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Today’s federal budget could be one of the very few that end up being watershed moments in Canadian fiscal history.
There have been a handful of such moments: the creation of income tax during the First World War; the massive deficits incurred during the Second World War; the budgets of the late 1960s that put in place federal funding for national health care; and the 1995 budget from a Liberal government that finally tackled two decades of fiscal deterioration.
Luckily, Dang s boyfriend helped her cover the bill and her dog is healthy today, but it was a situation she vowed to never be in again. I didn t want to have to put myself or my family at risk again, having to decide if I could afford something that they needed or not, she told Insider.
While Dang s debt pay-down journey may be unique, it isn t unusual. Student loan debt the majority of what Dang owed is at an all-time high, with 45 million borrowers collectively owing nearly $1.7 trillion in student loan debt. Consumer debt in general in the United States continues to be an astounding number, currently sitting just under $4.2 trillion with the average American owing over $90,000 between a mortgage, personal loans, auto loans, credit card balances, and student loans.
JSPL stock to outperform peers amid falling debt and rising steel demand
Steel prices in India have risen rapidly and are trade nearly 50% higher year-on-year at Rs 58,000-Rs 60,000 per tonne or $800 per tonne while global prices are above $1,000 per tonne.
Synopsis
The sale of Oman assets is likely to reduce the debt by Rs 5,400 crore. This together with strong internal accruals owing to higher steel prices and sales volume may result in Rs 22,000 crore of debt for FY21 compared with Rs 35,900 crore in the previous fiscal year.
ET Intelligence Group: The stock of Jindal Steel and Power (JSPL) has outperformed peers including Tata Steel and SAIL over the past month following a sustained trend in global steel demand. This is expected to continue given the completion of the sale of its steel assets in Oman, is expected to strengthen its balance sheet further by reducing debt and improving cash flow.
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Jon Super/The Associated Press
A bid by some of the biggest soccer teams in Europe to form a super league is facing a fierce backlash from fans, governing bodies, presidents and prime ministers, who have vowed to block the proposal.
“We are going to look at everything that we can do with the football authorities to make sure that this doesn’t go ahead in the way that it’s currently being proposed,” British Prime Minister Boris Johnson said Monday. “I don’t think that it’s good news for fans; I don’t think it’s good news for football in this country.”