Chinese loans have shorter repayment terms and higher interest rates than bilateral loans from Paris Club nations or loans from international organizations like the World Bank or the International Monetary Fund. This is the list of Countries that are most in debt to China.
American’s capacity for denial is truly a thing to behold. For at least 27 months, it should have been obvious that we were headed for a grave crisis. Not only that: the crisis was already here in March 2020.
Californians who meet the requirements ought to have already received their stimulus payments. Here's the final stimulus checks in California explained.
Will Malaysia go bankrupt like Sri Lanka? Tengku Zafrul Tengku Abdul Aziz, the finance minister of Malaysia, responded to suggestions that due to government debt, the nation would experience financial devastation similar to that of Sri Lanka.
A counterfeit $1 million note was sold for a whopping PKR 100 million to a trader in cash-strapped Pakistan’s Muzaffargarh district.
House Speaker Nancy Pelosi wondered aloud how Republicans could vote against Mother Earth. West Virginia Senator Joe Manchin possibly wondered how Republicans could vote against his so-called "Inflation Reduction Act (IRA)." In reality, Pelosi was closer to describing the contents of the IRA than was Manchin.
First it was baby formula, now there's a tampon shortage. Tampon prices are up 10% due to the rising price of oil affecting the cost of plastic and higher cotton prices due to mask manufacturing and the war in Ukraine. A whole lot of fertilizer comes out of Ukraine and Russia. So does neon, which is used to make semiconductor chips. The chip shortage is shutting down car plants.
This is the argument for more money printing, and perhaps unlimited money printing, recently advanced by Professor Mariana Mazzucato on prime-time BBC.
AT&T has crashed as Americans can't afford to pay their phone bills. Peers Verizon and T-Mobile were also affected by this, which sent their shares lower despite second-quarter results that exceeded expectations.
Banks borrowed a combined $164.8 billion from two Federal Reserve backstop facilities in the most recent week, a sign of escalated funding strains in the aftermath of Silicon Valley Bank’s failure.
