There are now more poor people in Europe and the U.S. than there are in China, according to a Credit Suisse report. The report bases its finding on percentages of the world’s total population. It […]
Tag: Debt
Saudi Arabia Delays Payments To Contractors As Government Tries To Preserve Cash
As oil prices continue to slump, Saudi Arabia has been forced to delay payments to its government contractors. For the first time since 2009, the government has been pushed into a deficit – and it […]
Saudi Arabia Forced To Borrow Funds As Low Oil Prices Impact Economy
Saudi Arabia has opened sales of sovereign bonds for the first time in eight years in order to maintain its public spending levels as a result of low oil prices. In the past year the […]
Puerto Rico Entering Financial Death Spiral
While the world’s attention has been focused on Greece’s financial crisis, Puerto Rico’s is entering what its Governor has called a financial “death spiral”. The news comes almost exactly around the time we predicted back […]
Class Of 2015 Holds The Title Of Most Heavily Indebted Graduating Class Ever
Spring is a time of transition, from cold to warm, rainy to sunny and student to employee. For many of the class of 2015 that transition can’t come fast enough. College graduates this year are […]