According to American media, President Joe Biden has just announced that the majority of Americans with student debt will have at least $10,000 of their loan canceled. The program is available to any citizens of the United States who have federal student debt and make less than $125,000 annually. President Joe Biden posted on Twitter, “In line with my campaign pledge, my administration is introducing... 

The rabbis of the Agudath Israel of America—the major orthodox Jewish community organization—have issued a Jewish legal ruling warning Jews not to take out loans with America’s largest mortgage lender, Quicken Loans, because it is owned by Jews and Jews are only allowed to charge non-Jews interest. According to a report in the Jewish Telegraphic Agency, Agudath Israel of America, issued the... 

Senior White House adviser Jared Kushner didn’t include his ownership in a real-estate finance company that makes him business partners with George Soros when filing financial disclosure forms, the Wall Street Journal reported Tuesday. Kushner also failed to disclose loans totaling $1 billion from more than 20 lenders, the Journal reported. The Real Deal, a New York real estate news site, reported... 

World Bank Group headquarters building in Washington DC, USA. The World Bank says developing countries are increasingly seeking credit from the international financial institution at an alarming scale. Demands for World Bank loans have reached levels not seen outside of financial crises as developing countries struggle with a weak global economy, said the monetary organization prior to its biannual... 

Banks made an additional 1.28 trillion yuan worth of loans to China in June. Things are not looking for for China. It seems like Beijing has averted a crisis as far as their stock markets are concerned with some heavy-handed intervention. But their corporate debt has already reached $ 16.1 trillion and is still rising. Their corporate debt is currently at 160% of their GDP and that is twice as much... 

The photo shows Greek Prime Minister Antonis Samaras attending the third round of the presidential election in the Greek parliament in the capital, Athens, on December 29, 2014. The Greek parliament has failed to elect the country’s new president, paving the way for snap elections that might bring a radical leftist party to power. On Monday, Greek lawmakers failed for the third consecutive time to... 

A stunning Ministry of Finance (MoF) report released today on the global impact of the recently implemented Affordable Care Act (ACA) [otherwise known as Obamacare] in the United States is warning that this new law is now in a “death spiral” which could, by February 2014, collapse the entire world’s economic system as the US Federal Reserve would not be able to bail out its European Union (EU)... 

Brazil’s executive director at the IMF Paulo Nogueira Batista Latin American countries have refused to endorse a recent move by the International Monetary Fund (IMF) to release 1.7 billion euros ($2.29 billion) of rescue loans to Greece. Paulo Nogueira Batista, who represents Brazil and 10 other Latin American countries on the IMF executive board, revealed on Wednesday that the group refused... 

In June of 2012, Eric Bloom, former chief executive, and Charles Mosely, head trader of Sentinel Management Group (SMG) were indicted for stealing $500 million in customer secured funds. Both Mosely and Bloom were accused of “exposing” customer segregated funds “to a portfolio of highly risky derivatives.” These customer funds were used to “back up personal investments” which were part... 

Millions of Americans may lose homes for debt. Millions of Americans are at risk of losing their homes due to mortgage debt. The finding is by a group of experts from the International Monetary Fund, haning prepared an analytical report on the prospects of the global economy. “About 2.5 million owners of apartments and homes in the U.S. have lost their homes. Other 1,500,000 have systematically... 

The charismatic Marine Le Pen has campaigned hard against free trade and the European Union, and has pushed the party’s traditional tough line on crime and immigration. Marine Le Pen said she would balance France’s books if elected president by leaving the euro, slashing immigration, taxing imports and tapping the central bank for cheap loans instead of the debt markets. The National Front leader,...