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Debt Crisis

Treasury Secretary Jack Lew Urges Congress To Act On Puerto Rico

Reuters | Igor Bobic | Posted 01.20.2016 | Politics

SAN JUAN, Jan 20 (Reuters) - U.S. Treasury Secretary Jack Lew on Wednesday said that while the Obama administration was ready to do all it could to he...

House Sets Timeline To Help Puerto Rico Handle Fiscal Crisis

The Huffington Post | Laura Barron-Lopez | Posted 12.18.2015 | Politics

WASHINGTON -- Democrats' efforts to include debt restructuring powers for Puerto Rico in the House's massive omnibus spending bill on Friday fell sho...

Virtual Bankruptcy for Puerto Rico

Lynn M. LoPucki | Posted 12.08.2015 | Politics
Lynn M. LoPucki

The virtual Chapter 9 strategy would generate enough leverage over creditors for Puerto Rico to deal with its debt crisis. The risk is that it would generate too much. Without an actual Chapter 9 to limit the Puerto Rican government, that government could design a procedure even more to its benefit.

Cancel Nepal's Debt to Pave the Way for Recovery

Duncan Maru | Posted 09.21.2015 | Impact
Duncan Maru

The United Nations' Millennium Development Goals are coming to an end this year, only to be speedily replaced with the Sustainable Development Goals.

4 Reasons Independence Is The Right Path For Puerto Rico

Maru Gonzalez | Posted 07.31.2015 | Politics
Maru Gonzalez

Although a variety of suggestions have been proposed to save the island from default, here are four reasons a clearly articulated, multi-year transition to independence is the only long-term viable solution for Puerto Rico.

The Puerto Rico Debt Crisis, Explained

Robert Rosenkranz | Posted 07.28.2015 | Politics
Robert Rosenkranz

Puerto Rico is on its way to one of the largest debt defaults in history, right up there with Greece and Argentina. Economic stagnation, or contraction, is not merely a result of an economic cycle but of major long term problems that make the island uncompetitive. But is there a way out?

This Greek Bakery Has The Perfect Reaction To The Country's Debt Crisis

HuffPost Greece | Eline Gordts | Posted 07.20.2015 | World

A small bakery in the Greek capital of Athens has made headlines around the world with its own very imaginative reaction to the country's debt c...

A Glimpse of the German Vision for Greece and Europe

Peter Alexander Meyers | Posted 07.13.2015 | Politics
Peter Alexander Meyers

A joke circulating has a Greek passport officer asking a German woman at the border, "Name?" She replies "Merkel, Angela." The passport officer cont...

Live Updates On The Crisis In Greece

Posted 07.10.2015 | World

Greece on Thursday submitted a new proposal to its creditors that would see harsh austerity measures in exchange for bailout funds and a willingness t...

The Unbearable Solitude of the Greek Prime Minister

Justine Frangouli-Argyris | Posted 07.09.2015 | Politics
Justine Frangouli-Argyris

The Prime Minister's insistence on staging this "nonsense" referendum, in response to a non-existent question, has left him frightfully alone, with a rapidly deteriorating economic situation and another expensive invoice he cannot pay.

Who Knows What's Next For Greece? Google, Hopefully

The Huffington Post | Alexandra Ma | Posted 07.06.2015 | Technology

Moments after the Greeks rejected an austerity deal from the EU, they took all of their unanswered questions to Google.

Thousands Of Greeks Rally In Athens Ahead Of Crucial Referendum

AP | Posted 07.03.2015 | World

By Michele Kambas and Lefteris Papadimas ATHENS, July 3 (Reuters) - Tens of thousands of Greeks took to the streets on Friday in rival rallies that...

Live Updates On The Crisis In Greece

Posted 07.02.2015 | World

Greece failed to meet a deadline to repay a debt of 1.6 billion euros to the International Monetary Fund on Tuesday, the same day that the cash-strapp...

10 Things You Need To Know About Greece's Week Of Crisis

The Huffington Post | Eline Gordts & Charlotte Alfred | Posted 07.01.2015 | World

It's only Wednesday and it has already been a dramatic week in Greece. As Tuesday's deadline for an IMF debt repayment and a new bailout deal came and...

Howard Fineman

From Greece To France To China, Nationalism Is Back In A Big Way | Howard Fineman | Posted 07.01.2015 | World

WASHINGTON -- In China, a military parade this year will commemorate not the triumph of communism, but, rather, the 70th anniversary of Japan's surren...

Greece's Latest Offer In Bailout Talks Raises Hopes For Agreement

AP | Posted 06.22.2015 | World

BRUSSELS (AP) — Greece has finally offered economic reforms that creditors consider potentially acceptable, giving Prime Minister Alexis Tsipras a c...

Student Loan Debt Crisis in America

Rep. Charles Rangel | Posted 04.07.2015 | Politics
Rep. Charles Rangel

Because of the student loan debt crisis, millennials are increasingly delaying investments in houses, not buying cars, and putting off starting a family, which cripples our consumer-driven economy. And perhaps most troubling, they are avoiding graduate and professional school programs.

The World Financial Cup

Robert Kuttner | Posted 09.12.2014 | Politics
Robert Kuttner

Germany represents everything that's wrong with the world financial system. Argentina is the epic case of countries whose economies are screwed by policies championed by Germany -- and unfortunately by the United States as well.

Greece at the Helm of the EU, an Irony in the Making

Justine Frangouli-Argyris | Posted 03.08.2014 | World
Justine Frangouli-Argyris

It is ironic that Greece, in the throes of its debt crisis, is preparing to assume the presidency of the European Union officially as of January 8. Pa...

Occupy's Rolling Jubilee Keeps Rolling -- and the Band Plays On

Jerry Ashton | Posted 02.03.2014 | New York
Jerry Ashton

Occupy Wall Street's "Strike Debt" (SD) working group and its "Rolling Jubilee" (RJ) operation is partying like the music will never end. And, if the...

GOP Debt Ceiling Truthers Want You To Listen To Them, Not The Experts. What Could Go Wrong?

The Huffington Post | Nick Wing & Shadee Ashtari | Posted 10.16.2013 | Politics

There's still hope that catastrophe could be averted as a deal to raise the debt ceiling gains traction in Congress, even among Republicans who have a...

Debt Crises Killed 900,000 Jobs: Study

The Huffington Post | Mark Gongloff | Posted 10.15.2013 | Business

For the past few years, the Republican approach to governance has been to cause a series of Breaking-Bad-like cliffhangers, with ever-more destructive...

Debt Crisis: National and International (Ki Tavo, Deuteronomy 26:1-29:8)

Rabbi Shmuly Yanklowitz | Posted 10.20.2013 | Religion
Rabbi Shmuly Yanklowitz

Excessive mortgage debt, student loan debt, medical debt and more have placed untenable burdens upon millions. As we learn from our Torah portion, a cursed society is one in which factions are trapped in merciless power dynamics as debtors.

Oppressive Mortgages and Student Debts? Check Bible and Quran

Rabbi Arthur Waskow | Posted 09.15.2013 | Religion
Rabbi Arthur Waskow

What if the American people proclaimed through action that after seven years of payment, the first $180,000 owed on owner-occupied home mortgages are annulled, released?

GDP Bag of Tricks

Michael Pento | Posted 06.30.2013 | Business
Michael Pento

It all comes down to this, the U.S. government will not be able to service its debt once interest rates normalize, and that will be the sad truth regardless of what voodoo tricks Washington uses to report GDP.