https://www.youtube.com/watch?v=zaseJWqyG_U
Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts
Sunday, September 20, 2026
Saturday, August 1, 2026
The student loans of 450K defrauded borrowers are being erased : NPR
Connor likens this case, about schools defrauding borrowers, to the historic settlement against Big Tobacco. Like cigarettes, she says, these student loans to predatory schools are "toxic products."…
Thursday, July 30, 2026
More Americans are going bankrupt. What does that mean? : NPR
Experts say this shows that a growing number of Americans have reached the point where the pressure of their debt has overcome the stigma of bankruptcy.
"It's telling us that consumers are having a harder time coping with their financial obligations," said Sasha Indarte, a professor of finance at the University of Pennsylvania's Wharton School...
https://www.npr.org/2026/07/29/nx-s1-5896065/personal-bankruptcy-rates-rising
Monday, July 27, 2026
Sunday, July 26, 2026
Wednesday, July 22, 2026
Jim McGovern Destroys Republicans Over Trump's Debt Explosion In A Fiery speech
Representative Jim McGovern launched a fierce attack on Republicans and former President Donald Trump, questioning whether the policies justified claims of an emergency. McGovern criticized soaring national debt, tax cuts benefiting billionaires, and the broader economic priorities of the Republican Party. Watch the full speech as the Democratic lawmaker challenges Trump's record and sparks another heated political showdown on Capitol Hill.
Wednesday, July 8, 2026
Watchdog warns of risks to patients as private equity’s stake in US healthcare grows
One of the most heavily scrutinized practices of healthcare investors, including in the case of Steward, is the sale-leaseback. In a sale-leaseback, a healthcare provider (often a hospital) sells the property to an REIT. The property is then leased back to the hospital. Sale-leasebacks provide a cash infusion to both partners in the venture, investors and the healthcare business, but have been criticized for saddling hospitals – many of which were built on the public dime – with added expenses…
https://www.theguardian.com/us-news/2026/jul/06/us-private-equity-healthcare-joint-ventures
Saturday, May 30, 2026
Why the U.S. cattle herd is at a 75-year low — and what it means for beef prices : NPR
A number of factors have been pushing livestock numbers down, including rising costs, drought, international competition and increased consolidation in the cattle industry. Now, there are fewer American farmers and ranchers than there were even a few years ago, according to Bill Bullard, CEO of the cattle and sheep producers group R-CALF USA. "We have likewise lost the cows that they once maintained," he said. "So we have seen our herd shrink at an alarming rate for the past several decades."…
https://www.npr.org/2026/05/29/nx-s1-5719511/beef-cattle-herd-food-prices
Friday, August 15, 2025
Understanding the impact on the economy of tariffs and BBB tax cuts fit the wealthy
The recent 30 Year Treasury Auction was a disaster for the Trump administration. This is one of the primary funding mechanisms for the federal government and a signal of global faith in the U.S. economy. Demand for U.S. Treasuries was weaker than expected pushing yields uncomfortably high and increasing the cost of servicing the ballooning deficit. Trump’s tariff war is already showing up in inflation data with the worst yet to come. Everything is coming to a head to expose the fallacy of trickle down tax cuts and tariffs as a way to grow the economy and balance the budget. The market has spoken and it’s a bad sign of what’s to come as the administration runs out of runway to get the economy off the ground.
Monday, May 26, 2025
The Dave Ramsey Takedown (Dan McClellan; Data Over Dogma podcast, episode #102)
Ladies and gentlemen, welcome to the big fight! In the red corner: personal finance guru and guy who makes millions by making poorer people feel bad about their debt, Dave "how's your retirement fund looking?" Ramsey. And in the blue corner: with a much lighter pocketbook but much heavier t-shirt collection, Dan "alright let's see it" McClellan.
What could a Bible scholarship show possibly have to say about a personal finance guy, you might ask. Well, Mr. Ramsey styles himself a Christian personal finance guy, and in that capacity makes some pretty interesting claims. So, while we are not qualified to check him on his finance advice, when he veers into our lane, he's fair game. And boy, did that guy veer!
Then, the Deuteronomist abides. There may be some ten dollar words ahead (words that Dan Beecher may or may not be able to pronounce), but don't let that fool you: the Deuteronomistic history is actually fascinating.
Interview:
What could a Bible scholarship show possibly have to say about a personal finance guy, you might ask. Well, Mr. Ramsey styles himself a Christian personal finance guy, and in that capacity makes some pretty interesting claims. So, while we are not qualified to check him on his finance advice, when he veers into our lane, he's fair game. And boy, did that guy veer!
Then, the Deuteronomist abides. There may be some ten dollar words ahead (words that Dan Beecher may or may not be able to pronounce), but don't let that fool you: the Deuteronomistic history is actually fascinating.
Interview:
Monday, March 10, 2025
Friday, October 11, 2024
In a Rambling Speech, Trump Offers Gripes and Yet Another Tax Cut - The New York Times
Even before this latest proposal, aimed at promoting car sales, an analysis found that the former president's economic agenda could add $15 trillion to the nation's debt over a decade...
Wednesday, August 7, 2024
Trump’s fusillade of falsehoods on debt and taxes - The Washington Post
Even before covid, the deficit had worsened under Trump. But such rhetoric is in keeping with his effort to suggest the economy was booming before the pandemic — when in fact it was beginning to stumble. In all of 2019, manufacturing was in a mild recession, with some large manufacturers blaming Trump's trade wars for slumping sales...
Wednesday, July 31, 2024
Student loan borrowers who owe over $200,000 become more common
"There are quite a number of people who owe the federal government over $2 million in federal student loans," Johnson said...
Wednesday, June 5, 2024
Navient Will Cancel Private Student Loans. Most Don’t Know About It. - The New York Times
More than a million borrowers who were defrauded by for-profit schools have had billions of dollars in federal student loans eliminated through a government aid program. But people with private loans have generally been excluded from any relief — until recently.
Navient, a large owner of private student loan debt, has created, but not publicized, a program that allows borrowers to apply to have their loans forgiven...
Friday, February 2, 2024
Monday, September 4, 2023
U.S. debt is growing as possible government shutdown looms - The Washington Post
"Unlike House Republicans, President Biden takes reducing the deficit seriously — and he will continue calling out Republicans for their hypocrisy on the debt," White House spokesman Michael Kikukawa said in a statement. The statement also emphasized that Biden's budget proposals would reduce the deficit by trillions of dollars through higher taxes on the rich and corporations.
Still, Republicans are likely to also continue insisting that they are more responsible fiscal stewards. But GOP leaders are pushing to extend roughly $3.3 trillion in tax cuts, including breaks for large businesses and a reduction in the estate tax paid only by a small minority of wealthy families...
Saturday, December 31, 2022
Republicans could cause US to default on its debt, top Democrat warns
John Yarmuth, outgoing House budget committee chair, sounds alarm about GOP going into 'blow-it-up mode' on Capitol Hill…
Tuesday, December 6, 2022
Trump Had Hidden $19.8 Million Loan From North Korea-Linked Company As President: Report | HuffPost Latest News
The debt would have sparked conflict of interest concerns over an American president's indebtedness to a foreign operation vulnerable to influence by North Korea's rogue government. Trump often gushed about his close relationship with North Korean leader Kim Jong Un...
Tuesday, October 25, 2022
Texas Newspaper Calls Out Trump For Stiffing El Paso For Old Rally Expenses | HuffPost Latest News
As for El Paso, the campaign still owes the police department alone more than $381,000. A Trump campaign spokesperson told ABC last year, two years after the rally:
"We are reviewing" the bill.
The city hired a collection firm to go after Trump in 2020, but so far hasn't recovered anything, the Chronicle reported Saturday.
"It shows a lack of concern for the community and the taxpaying voters of El Paso," city council Rep. Alexsandra Annello told the El Paso Times last year...
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