Africa's vast potential in the global fight against climate change is at risk due to the heavy burden of debt and lack of international investment, Kenyan President William Ruto said Thursday. On a state visit to Washington, Ruto highlighted how Kenya already generates some 90 percent of energy from renewables and said the rest of Africa had "massive" potential in the green economy, both through natural resources including forest "sinks" that counteract carbon emissions and a young workforce....
The crisis of student debt has reached proportions never before seen in the United States. Collectively, students owed $1.6 trillion in federal student loans at the end of 2023. However, that total is slightly lower than it was two years prior, thanks to some proactive actions from the Biden administration. The administration has pursued a More
Government debt that has swelled nearly 50% is capturing increasing worry both on Wall Street and in Washington.
Carers asked to repay sums as high as £20k say officials did not share eligibility information between departmentsCarers put through the wringer of carer’s allowance overpayments raise the same question time and again: they weren’t aware they had infringed benefit rules but welfare officials were. Why were they not told, rather than overpayments being allowed to run on for months, landing them with debts of thousands of pounds?For thousands of carers who unwittingly breached carer’s allowance...
Stubbornly high inflation and interest rates are taking an increasing toll in California as the state experiences rising unemployment and slowing wage gains. And those feeling it the hardest: the largest and perhaps most budget-minded generation of them all. Millennials, those roughly 28 to 43 years old, are generally thought to be more averse to debt and better savers than earlier cohorts such as Gen X (44 to 59 years old) and baby boomers (60 to 78). But new data from the California Policy Lab...
According to documents filed this week in federal bankruptcy court in Florida, embattled former NFL wide receiver Antonio Brown owes millions of dollars and has almost no assets. Brown, a seven-time Pro Bowler who earned over $80 million during his football career, announced on Tuesday through a post on social media that he had filed […]
Government plan to fix ‘fiasco’ doesn’t go far enough for those who have already paid debts put on hold before 2017, Andrew Wilkie saysFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastA federal government plan to unwind a “callous” tax campaign designed to extract historical debts does not go far enough and should include compensation for those who were unfairly pressured into making payments, critics of the scheme...
Chris Hemsworth is singing his wife's praises. The "Thor" actor was honored
Chris Hemsworth is singing his wife's praises. The "Thor" actor was honored with a star on the Hollywood Walk of Fame Thursday and gave wife Elsa Pataky a special shout-out during his acceptance speech. "I want to say thank you to my beautiful wife, who has been here for my entire career basically by my side, endlessly encouraging and supportive," he said. "And it doesn't get lost on me that she put aside her own dreams in order to support mine and, again, [I am] forever in your debt. "The fact...
Consumers are increasingly struggling to pay their credit card bills, raising concerns about severe delinquencies spiraling and sapping consumer spending. The share of credit card debt that’s more than 90 days overdue rose to 10.7% during the first quarter, a 14-year high, according to the Federal Reserve Bank of New York’s report on first-quarter household […]
The true extent of the amount owed by a young NHS worker in the city was only discovered by her parents after the situation had spiralled out of control. It left her feeling shameful and withdrawn, the family told the YEP. It comes as a stark new report revealed that 60 per cent of people seeking help with debt are having to borrow money just to pay household bills, and 15 per cent are skipping meals. The findings, from charity Christians Against Poverty, came as experts argued the situation in...
Credit cards can be handy, but they can also get you in debt quickly. A recent report shows Generation Z, those born between 1995 and 2011, struggling even harder than their older counterparts to pay off the plastic.