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CNBC

5 ways to get smart and avoid drowning in dumb debt
CNBC
Nearly half of respondents in a recent Northwestern Mutual survey were carrying at least $25,000 in debt. Despite heavy debt loads, those surveyed still spent about 40 percent of income on non-essential expenses. How to get out of debt? Drop the shame ...

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The Mercury News

Golden State Warriors contest $40 million in Oracle Arena debt
The Mercury News
If an arbitrator rules in the team's favor, the arena's operator, the publicly run Coliseum authority, could be responsible for the remaining debt when the Warriors leave. The team intends to play in an arena it is building in San Francisco beginning ...

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Common Dreams

Despite Puerto Rico Disaster, Vulture Firms Relentlessly Seeking Billions in Debt Payments
Common Dreams
In the segment, In These Times executive editor Jessica Stites said that although there are many debt holders, it's these vulture firms that are "fighting tooth and nail in court to try to get this money back"—and, along with the federal government ...
Debt restructuring must be part of hurricane aid to Puerto Rico | OpinionPhilly.com

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Portugal to Cut Debt, Boost Potential Growth
New York Times
LISBON — Portugal hopes to cut its total debt to 120 percent of gross domestic product by 2019 from 130 percent last year, Finance Minister Mario Centeno told Reuters, a change that could help boost the country's creditworthiness. Portugal's total ...

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My daughter earned millions at Google, but her boyfriend has student debt — should she get a prenup?
MarketWatch
And then there was the stepmother who fretted about her stepchildren's student debt and how that might impact her retirement and her husband's credit score. He had co-signed on that debt and she was concerned that, if these stepchildren died, her ...

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BBC News

Financial regulator warns of growing debt among young people
BBC News
The chief executive of the Financial Conduct Authority has warned of a "pronounced" build up of debt among young people. In an interview with the BBC, Andrew Bailey said the young were having to borrow for basic living costs. The regulator also said he ...
Young people are borrowing to cover basic living costs, warns City ...The Guardian

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Cash-Strapped Cuba Makes Debt Payment to Major Creditors: Diplomats
U.S. News & World Report
HAVANA (Reuters) - Cuba paid the second installment on a renegotiated $2.6 billion in debt to 14 wealthy creditor nations this week, diplomats from a number of the countries said, as some creditors prepare to swap debt for an equity stake in local ...

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New York Times

Why Investors Can't Get Enough of Tajikistan's Debt
New York Times
So, while government officials from those countries dutifully attended their meetings at I.M.F. headquarters last week, submitting to the usual lectures about keeping their spending in check, their bigger priority was pitching their debts to major ...



The Desert Sun

Backstage at a gay Palm Springs hot spot: Crippling debt, sabotage and a feud between owners
The Desert Sun
But the tea dance alone, apparently, was not enough to sustain Oscar's. By the end of last summer, the restaurant had amounted more than $150,000 of debt and was facing eviction. The owners – Schmitz and his silent partner Gene Switzer – were looking ...



Business Insider

Exclusive: Baupost's Klarman resists calls to wipe out Puerto Rico debt
Business Insider
BOSTON (Reuters) - Billionaire investor Seth Klarman on Wednesday resisted calls for Puerto Rico's debt to be wiped out and said the island's residents will be better off in the long run if obligations are honored. Klarman comments came in an email to ...

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