How Student Loan Forgiveness Changed Graduates’ Paths

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Spread the loveTweet The program has not yet cost the government anything; the first class of beneficiaries is on track to have any remaining debt erased beginning in October. But…


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Here’s How a Chinese Tech Firm Borrowed $2.1 Billion in a Hurry

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Spread the loveTweet Economists worry that Chinese companies are borrowing too much money outside the scrutiny of regulators and planting too many potential debt bombs in the corners of China’s…


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Profits From Store-Branded Credit Cards Hide Depth of Retailers’ Troubles

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Spread the loveTweet The reliance on profits from store cards is stark at some retailers. At Macy’s, the money from branded credit cards accounted for 39 percent of the company’s…


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Puerto Rico Declares a Form of Bankruptcy

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Spread the loveTweet Photo Protestors in San Juan, P.R., on Monday. The island has roughly $73 billion of bond debt, and nearly $50 billion of unfunded pension obligations to restructure.…


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Debt Crisis Shakes Chinese Town, Pointing to Wider Problems

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Spread the loveTweetThe Chinese government has begun an urgent effort to discourage companies from guaranteeing one another’s bank debts, ordering local banking regulators across the country to file comprehensive reports…


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