- published: 23 Feb 2011
- views: 8069
A debt generally refers to something owed by one party, the borrower or debtor, to a second party, the lender or creditor. The lender or creditor can be a bank, credit card company, payday loan provider, or an individual. One country can also lend money to another country. Debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest. The term can also be used metaphorically to cover moral obligations and other interactions not based on economic value. For example, in Western cultures, a person who has been helped by a second person is sometimes said to owe a "debt of gratitude" to the second person.
Interest is the fee charged by the creditor to the debtor. Interest is generally calculated as a percentage of the principal sum per year, which percentage is known as an interest rate, and is generally paid periodically at intervals, such as monthly or semi-annually.
Many conventions on how interest is calculated exist – see day count convention for some – while a standard convention is the annual percentage rate (APR), widely used and required by regulation in the United States and United Kingdom, though there are different forms of APR.
Coordinates: 18°12′N 66°30′W / 18.2°N 66.5°W / 18.2; -66.5
Puerto Rico (English /ˌpɔːrtə ˈriːkoʊ/ or /ˌpwɛərtə ˈriːkoʊ/;Spanish: [ˈpweɾto ˈriko], locally also [ˈpwelto ˈχiko; ˈʀ̥iko]), officially the Commonwealth of Puerto Rico (Spanish: Estado Libre Asociado de Puerto Rico, literally the "Free Associated State of Puerto Rico"), is a United States territory located in the northeastern Caribbean. Puerto Rico is an archipelago that includes the main island of Puerto Rico and a number of smaller islands. The capital and largest city is San Juan. The territory does not observe daylight saving time, and its official languages are Spanish, which is predominant, and English. The island's population is approximately 3.4 million.
Puerto Rico's rich history, tropical climate, diverse natural scenery, renowned traditional cuisine and attractive tax incentives make it a popular destination for visitors from around the world. Its location in the Caribbean, combined with centuries of colonization and subsequent migration, has made Puerto Rican culture a distinct melting pot of Amerindian, Spanish, African, and North American influences.
China, officially the People's Republic of China (PRC), is a sovereign state in East Asia. It is the world's most populous country, with a population of over 1.35 billion. The PRC is a one-party state governed by the Communist Party, with its seat of government in the capital city of Beijing. It exercises jurisdiction over 22 provinces; five autonomous regions; four direct-controlled municipalities (Beijing, Tianjin, Shanghai and Chongqing); two mostly self-governing special administrative regions (Hong Kong and Macau); and claims sovereignty over Taiwan.
Covering approximately 9.6 million square kilometers, China is the world's second-largest country by land area, and either the third or fourth-largest by total area, depending on the method of measurement. China's landscape is vast and diverse, ranging from forest steppes and the Gobi and Taklamakan deserts in the arid north to subtropical forests in the wetter south. The Himalaya, Karakoram, Pamir and Tian Shan mountain ranges separate China from South and Central Asia. The Yangtze and Yellow Rivers, the third- and sixth-longest in the world, run from the Tibetan Plateau to the densely populated eastern seaboard. China's coastline along the Pacific Ocean is 14,500 kilometres (9,000 mi) long, and is bounded by the Bohai, Yellow, East and South China Seas.
Coordinates: 40°N 100°W / 40°N 100°W / 40; -100
The United States of America (USA), commonly referred to as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major territories and various possessions. The 48 contiguous states and Washington, D.C., are in central North America between Canada and Mexico. The state of Alaska is in the northwestern part of North America and the state of Hawaii is an archipelago in the mid-Pacific. The territories are scattered about the Pacific Ocean and the Caribbean Sea. At 3.8 million square miles (9.842 million km2) and with over 320 million people, the country is the world's third or fourth-largest by total area and the third most populous. It is one of the world's most ethnically diverse and multicultural nations, the product of large-scale immigration from many countries. The geography and climate of the United States are also extremely diverse, and the country is home to a wide variety of wildlife.
The Federal Reserve System—also known as the Federal Reserve or simply as the Fed—is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907. Over time, the roles and responsibilities of the Federal Reserve System have expanded, and its structure has evolved. Events such as the Great Depression in the 1930s were major factors leading to changes in the system.
The U.S. Congress established three key objectives for monetary policy in the Federal Reserve Act: maximizing employment, stabilizing prices, and moderating long-term interest rates. The first two objectives are sometimes referred to as the Federal Reserve's dual mandate. Its duties have expanded over the years, and as of 2009 also include supervising and regulating banks, maintaining the stability of the financial system and providing financial services to depository institutions, the U.S. government, and foreign official institutions. The Fed conducts research into the economy and releases numerous publications, such as the Beige Book.
Something fishy about this bondholder debt...
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Josh Sigurdson talks with author and economic analyst John Sneisen regarding the massive buy-up of mortgage bond debt by the Federal Reserve. According to Reuters, "The Federal Reserve bought $7.029 billion of agency mortgage-backed securities in the week from Sep. 28 to Oct. 4, compared with $6.937 billion purchased the previous week..." On top of all of this, the Fed is selling none of this debt! Of course in 2006 and 2007, mortgage backed secrities were huge. As were collateralized debt obligations and credit default swaps. This vast manipulation of the markets based in debt and derivatives lead to the massive housing bubble burst/crash in 2007. We are now seeing a huge return of mortgage backed securities as the Federal Reserve continues to print vast amounts of worthless fiat cu...
Visit the Transact hub to learn more: http://bit.ly/2rhZMe0 Unprecedented bond defaults have economists worried about the levels of Chinese debt. If the borrowing binge ends, it could hobble economic growth in the region for years. But it is not just China that is at risk. James Kynge, emerging markets editor, tells us why China’s addiction to cheap credit could shake the global economy. Watch China’s corporate debt addiction: bond defaults spell trouble on FT.com: http://bit.ly/2sqeezw
China owes the United States nearly ONE TRILLION DOLLARS from bonds they sold to U.S. citizens and banks, decades ago! It's time for the President and Congress to demand for a settlement with China the same way the British did years ago. Sovereign debt is never forgiven despite a shift in politics or governments. Please forward this to friends and family. A U.S. stimulus would occur in taxes and with new capital that leads to a wonderful 'multiplier effect.'
Professor L. Randall Wray quoting Abba Lerner in defense of Functional Finance. People who say "(sovereign) government debt is a burden to future generations!" don't understand what the government debt is. When the government "borrows," it sells bonds to the private sector. Individuals and organizations in the private sector hold these bonds as assets, which pay them interest. To the people holding them, they are very desireable: they pay interest and come with no risk, because the government can always pay back the principle because it issues it's own currency. We're paying the debt all the time: when the bonds mature (which happens every day of the week), the government credits the amount of the bond back to the holder's bank account, and then sells another bond to somebody else. Our b...
Debt has a direct impact on the return you can expect to get from a share says Tim Bennett. In this short video he highlights why.
China has a dirty little secret they don't want anyone to know about. It's this: China owes the United States more money than we owe them. But for political reasons, both governments are ignoring the 100 ton elephant in the room--or shall we say dragon in the room? Most people are aware of China recently surpassing the United States as the world's largest economy, owning a major portion of the US national debt, and the trade surplus it enjoys with America. But what most people don’t know is China owes Americans hundreds of billions of dollars in bond payments! Some brief history: It was American citizens and the US government who made possible China’s recent rise to power with its growing economic and military influence, by buying Chinese government-issued bonds to develop China’s infra...
https://theintercept.com/2017/09/28/puerto-rico-rejects-loan-offers-accusing-hedge-funds-of-trying-to-profit-off-hurricanes/ The PREPA (Puerto Rico Electric Power Authority) Bondholder Group made the offer on Wednesday, which included $1 billion in new loans, and a swap of $1 billion in existing bonds for another $850 million bond. These new bonds would have jumped to the front of the line for repayment, and between that increased value and interest payments after the first two years, the bondholders would have likely come out ahead on the deal, despite a nominal $150 million in debt relief. Indeed, the offer was worse in terms of debt relief than one the bondholder group made in April, well before hurricanes destroyed much of the island’s critical infrastructure. Puerto Rico’s Fiscal A...
Directed and edited by Marcus Howard. On December 23rd 2014 €500 Million of Irish money was destroyed yet there was hardly a mention on mainstream media. This was the sale of the first bond in the new Promissory Note deal hatched by Michael Noonan. What started in 2009/10 Ireland was forced to put a noose around the people of over €30 Billion so the Eurosystem could lend to a busted bank to redeem speculators on secondary markets according to Peter Mathews. In 2010 the then Fianna Fáil-Green Party coalition Government issued notes carrying massive Central Bank funding of Anglo Irish Bank (€25.3 Billion) and Irish Nationwide (€5.3 Billion) even though those banks were known to be insolvent yet that money was drawn down from the EU's Emergency Liquidity Assistance Fund with the full knowle...
Troika (EU, ECB & IMF) representatives, and Barbara Nolan, head of the European Commission representation in Ireland, held a press conference on the latest bailout review this afternoon. Participants: Klaus Masuch, head of EU Countries Division at the European Central Bank Istvan Szekely, director of economic and financial affairs at the European Commission Craig Beaumont, mission chief for Ireland at the IMF. Barbara Nolan, head of the European Commission representation in Ireland. Early in the conference, Istvan Szekely said: "I'm impressed by the depth of the discussion in Ireland and the understanding of complex, economic financial-sector issues, which is revealed by looking into the Irish place, looking into the discussion. But also when I come from the airport with the taxi driver ...
April 1 (Bloomberg) -- Philip Lane, professor of international macroeconomics at the University of Dublin's Trinity College, talks about the European sovereign debt crisis and the outlook for Irish government bonds. He speaks with Francine Lacqua on Bloomberg Television's "On The Move."
What is DEBT RESTRUCTURING? What does DEBT RESTRUCTURING mean? DEBT RESTRUCTURING meaning - DEBT RESTRUCTURING definition - DEBT RESTRUCTURING explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Debt restructuring is a process that allows a private or public company, or a sovereign entity facing cash flow problems and financial distress to reduce and renegotiate its delinquent debts in order to improve or restore liquidity so that it can continue its operations. Replacement of old debt by new debt when not under financial distress is called "refinancing". Out-of-court restructurings, also known as workouts, are increasingly becoming a global reality. A debt restructuring, which involves a reduction of debt and an extension ...
용선료 협상 '순항' 현대상선, 오늘 채무재조정 시도 Financially troubled Hyundai Merchant Marine is holding an assembly of bondholders as it looks to consolidate a huge debt. Korea's second-largest shipping company met with its bondholders at Hyundai Group's head office from 11 a.m. today, and is scheduled to meet again later today and on Wednesday. The debt in question amounts to some six-hundred-75 million U.S. dollars. Along with a debt recast, the shipper is faced with a charter rate cut and inclusion into a global shipping alliance in order to survive. According to its main creditor on Monday, Hyundai Merchant Marine has made some progress in its efforts to cut its charter rates. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Face...
Nigeria's federal government said it will help pay states' creditors, including bondholders. This despite the finance ministry announcing that it will defer their debt obligations for the month of March as the regions struggle to pay civil servants. The International Monetary Fund forecasts growth in 2016 might recede to 2.3 percent. Nigeria may need to significantly increase borrowing to fund its budget and is in discussion with China, the World Bank and the African Development Bank, in addition to planning a number of renminbi-denominated bonds. The government's plan to widen the tax base and accelerate non-oil revenue to 87 percent this year is unlikely given the country's floundering economy and capital controls"
Trump’s comments about Defaulting on our debt should rattle bondholders.
The White House has already walked back President Trump's suggestion of debt relief for Puerto Rico, threatening more draconian austerity. We speak to doctoral student Sarah Molinari and Efrain Elias, of SEIU Local 1 and Vamos4PR Visit http://therealnews.com for more stories and help support our work by donating at http://therealnews.com/donate.
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Difference between Equity share/stock and debt bond explained with Example and Graphs. Clearly explains the terminologies like Issuer, Bond issuer, debt issuer, borrower, bond holder, investor, lender. Both work counter parties to each other. Viewer can easily understand the financial instruments and their differences. Explains Equity as part of accounting equation. Useful for understanding the concept who are preparing in MBA (Education), CFA (Chartered Financial Analyst), Financial Risk Management. ----------------------------------------------------------------------------------------------------------- Like, Share, Subscribe and comment. For more videos go to : https://goo.gl/aFV97a
Richard Boyd Barrett TD, People Before Profit Alliance's speech on Technical Group motion on Bond Payment, Tuesday 26th November 2013.
Did you know: 80% of the bailout money went to European Union banks that were Greek bondholders, and not the Greek economy. The Syriza party and its leader Alex Tsipras won last month's general election in Greece with a pledge to write off half of Greece's debt New Finance Minister Yanis Varoufakis said "too much time, hopes, lives" had been wasted by Greece's forced austerity program. Stefan Molyneux discussed the Greece debt crisis, the role of the banks in creating this mess, the possibility of an outright default, the danger of derivatives, the destruction of the euro and how a Greece default could set off a global economic meltdown. Freedomain Radio is 100% funded by viewers like you. Please support the show by signing up for a monthly subscription or making a one time donation a...
Fixed income investors may not have the same legal recourse to engage issuers as shareholders, but they do have significant influence over issuer disclosure and risk management practice that relate directly to risk adjusted returns available to them and their ability to analyse investment opportunities. This session will explore: What is the rationale for fixed income investors to engage? How can fixed income investors ensure engagement is effective and efficient? Is collaborative bondholder engagement a realistic prospect for PRI signatories? Mariska Douwens-Zonneveld, Senior Fund Manager Credits, MN James Fisher, Partner, Reed Smith Alex Struc, Head of ESG Portfolio Management, PIMCO Marayka Ward, Senior Credit Manager, QIC Moderated by My-Linh Ngo, Head of ESG Investment Risk, BlueB...
We offer the most comprehensive and easy to understand video lectures for CFA and FRM Programs. To know more about our video lecture series, visit us at www.fintreeindia.com This Video lecture was recorded by Mr. Utkarsh Jain, during his live CFA Level I Classes in Pune (India). This video lecture covers following key area's: 1. basic features of a fixed-income security. 2. Basic features of a fixed income security include the issuer, maturity date, par value, coupon rate, coupon frequency, and currency. 3. Issuers include corporations, governments, quasi-government entities, and supranational entities. 4. Bonds with original maturities of one year or less are money market securities. Bonds with original maturities of more than one year are capital market securities. 5. Par value is th...
In this episode of the Keiser Report, Max Keiser and Stacy Herbert, discuss gutter oil and gutter debt providing the same toxic function. They also ask whether if snooker table sized properties are being sold in London then should World Snooker champion, Ronnie O'Sullivan, head the British economy? In the second half, Max interviews journalist and anti-bondholder bailout activist, Diarmuid O'Flynn about taking a stance against bailing out unsecured bondholders in Ireland. FOLLOW Max Keiser on Twitter: http://twitter.com/maxkeiser WATCH all Keiser Report shows here: http://www.youtube.com/playlist?list=PL768A33676917AE90 (E1-E200) http://www.youtube.com/playlist?list=PLC3F29DDAA1BABFCF (E201-E400) http://www.youtube.com/playlist?list=PLPszygYHA9K2ZtV_1KphSugBB7iZqbFyz (E401-current) RT ...
Savings and loan crisis in which 747 institutions failed and had to be rescued with $160 billion in taxpayer dollars. About the book: https://www.amazon.com/gp/product/0684191520/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0684191520&linkCode=as2&tag=tra0c7-20&linkId=855500cf58a25ae05a0b91070e61e0f3 Reagan's "elimination of loopholes" in the tax code included the elimination of the "passive loss" provisions that subsidized rental housing. Because this was removed retroactively, it bankrupted many real estate developments which used this tax break as a premise, which in turn bankrupted 747 Savings and Loans, many of whom were operating more or less as banks, thus requiring the Federal Deposit Insurance Corporation to cover their debts and losses with tax payer money. This wit...
A mortgage-backed security (MBS) is a type of asset-backed security that is secured by a mortgage or collection of mortgages. About the book: https://www.amazon.com/gp/product/0990976300/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0990976300&linkCode=as2&tag=tra0c7-20&linkId=59d18b8225ed6599b8b8050a523b67cc The mortgages are sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that investors can buy. The mortgages of an MBS may be residential or commercial, depending on whether it is an Agency MBS or a Non-Agency MBS; in the United States they may be issued by structures set up by government-sponsored enterprises like Fannie Mae or Freddie Mac, or they can be "private-label", issued by struc...
corporate bond, indenture, bond indenture, covenant, restrictive covenant, clause, trustee, issuer, bond issuer, bondholder, transfer agent, bearer bond, coupon clipping, registered bond, term bond, serial bond, mortgage bond, equipment trust certificate, debenture, subordinated debt, subordinated bond, senior debt, senior bond, junior debt, junior bond, secured, unsecured, convertible bond, conversion ratio, stock warrant, warrant bond, callability, call provision, call bond, call price, call premium, refinancing, sinking fund, sinking fund provision,
Today's Playlist: https://www.youtube.com/watch?v=lpxwuoVFvAU&list=PLKLDGZDpj8C2y9lPRxhj5qF177ymPXIdB Articles: http://www.zerohedge.com/news/2017-03-12/eric-peters-if-china-and-world-bank-are-right-were-headed-depression http://dollarcollapse.com/inflation/2016-debt-binge-produces-2017-inflation/ Donate to support the show: https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=ABQYA6588KZ3N Bitcoin Donation: 151w21QWRTAdKKXh8aKFmn6hBNvTman9V7 QR Code: https://www.realistnews.net/QRCode.png http://www.jmbullion.com/?utm_source=realist-news&utm_medium=display&utm_campaign=Realist-News (Recommended for Silver and Gold Purchases.) http://www.realistnews.net
Argentina on brink of default over bond battle Subscribe to journeyman for more: http://www.youtube.com/subscription_center?add_user=journeymanpictures For download and more information visit: http://www.journeyman.tv/?lid=9592 Argentina's 12-year battle with US bondholders has reached a critical phase, veering towards a second default. This report explores the fragile state of the nation the last time it defaulted, in 2002. Chaos has hit the streets of Buenos Aires. Pots, pans and casserole lids are struck by angry protestors as they struggle to make themselves heard. "We are sick and tired of them stealing our money and lying to us," shouts Gilda Morales, an unemployed teacher." " Give me back the money I have earned and saved," shouts another. Outside the Italian embassy, disgruntle...
Every week Max Keiser looks at all the scandal behind the financial news headlines. This week Max Keiser and co-host Stacy Herbert discuss the Fed, the Treasury and the Holy Troika and whether or not the Pope should beatify Jon Corzine, the CEO of MF Global who "lost" hundreds of millions in client funds. In the second half of the show, Max Keiser interviews economist and professor Constantin Gurdgiev about Anglo Irish unsecured bondholders and the global debt crisis. KR on FB: http://www.facebook.com/KeiserReport
A panel of senior investment figures discuss macro and thematic risks to determine which they see as most threatening. Examples include risks from geopolitical developments, Chinese debt and stranded assets. The audience votes on their own choices both before and after the panel, allowing us to see if the speakers' comments have changed their minds. David Adkins, Head of Investment Strategy, Lloyds Banking Group Elizabeth Fernando, Head of Equities, USS Simon Lee, Head of M&S Pension Trust; Chief Investment Officer, Marks and Spencer Lucy Macdonald, Chief Investment Officer, Global Equities, Allianz Global Investors Chaired by Mark Cobley, Investment Editor, Financial News
Jason Burack of Wall St for Main St interviewed returning guest, best selling author of Currency Wars, The Death of Money, The New Case for Gold & The Road to Ruin, Jim Rickards http://www.jamesrickardsproject.com/. Jim is also editor of the financial newsletter, Strategic Intelligence. Follow Jim's comments closely on Twitter: @JamesGRickards During this 30+ minute interview, Jason starts off by asking Jim who is capable of buying $100 billion or more of US Treasuries that the Federal Reserve wants to sell? (Because not all of us can borrow that kind of money easily) Jim thinks the Fed will just let some short and medium term US government bonds expire and that no more buyers will be necessary but he doesn't think the Fed can sell $1 trillion in assets off its balance sheet without c...
- What are bonds and their key features? - What are the risks of bond investing? - How can bond investors get timely information? - What is mis-selling? - What can bondholders do when an issuer defaults?
Fundamental Analysis-How To Check Quality Of Stock Tools Used 1.OPM- Operating Profit Margin,operating profit margin is a measure of profitability.It indicates how much of each rupee of revenue is left over after both costs of goods sold and operating expense are considered. 2.ROCE- Return on Capital Employed Return on capital is also a profitability ratio.It measures the return that an investment generates for capital contributors,i.e. bondholders and stockholders. Return on capital indicates how effective,a company is at turning capital into profits. 3.D/E Ratio- The debt-to-equity ratio is a measure of the relationship between the capital contributed by creditors and the capital contributed by shareholders.It also shows the extent to which shareholders' equity can fulfill a company'...
https://www.unpri.org/about/advisory-committees#bondholder-engagement Corporate engagement to discover and sometimes influence a company’s long term strategy to ESG is gaining currency amongst institutional investors on a global scale. However, ESG engagement remains less common among fixed income investors, whose contractual rights are largely limited to attending bond road shows and seeking to influence the terms formalised within a bond covenant. As important lenders of capital, fixed income investors can exert significant influence over issuers’ disclosure and risk management practices that directly relate to the accuracy of their investment analysis and overall risk adjusted returns. Similarly, companies are increasingly attuned to their creditors’ interests despite their limited le...
Follow us @ http://twitter.com/laurenlyster http://twitter.com/coveringdelta As Greek debt talks continue to painfully drag on, new EU statistics speak to the success of debt crisis policy prescriptions in counties forced to seek bailouts...THET DEBT, rose in Greece, Portugal and Ireland in Q3 of 2011. So when is this giant elephant in the room going to be confronted? Are politicians and economist alike at all interested in confronting a reality where debt levels are now cursing any hopes for future growth? And the cover of New York magazine shows a wall street banker holding his recently "emasculated" genitalia. Is this for real? Are we really to believe that Wall Street has been emasculated? How about we see some of these financial criminals face charges for their roles and maybe go...
State And Municipal Debt: The Coming Crisis? Part II - House Oversight Committee - 2011-03-15 - House Committee on Oversight and Government Reform. Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs. Witnesses: Senator Dan Liljenquist, Utah State Senator; Robert Kurtter, Managing Director for U.S. State and Regional Ratings, Moody's Investors Service, Inc.; Robin Prunty, Team Leader for State Ratings, Standard and Poor's Public Finance Ratings Group; Dr. Andrew Biggs, Resident Scholar, Public Policy Research, American Enterprise Institute; Dr. Dean Baker, Co-Director, Center for Economic and Policy Research.
See follow up video!! - http://bit.ly/Kagjkk (Ben Gilroy Halts Receivers) TV3.ie - The Morning Show - 24th (today's show - Ben Gilroy is on) On the 20 February 2012 the deputy Sheriff arrived at another Irish family's home to repossess it and give the keys to the bank in Co Laois. Thus putting another Irish family onto the streets. People from http://DefendOurHomesLeague.ie http://peopleforeconomicjustice.com/ http://UnitedLeftAlliance.org http://AntiEvictionTaskForce.com and everyone else that was there. Ben Gilroy from "PeopleForEconomicJustice.com" questions the sheriff outside the gates to the house and does an interview at the end of the video. Who is Ben Gilroy? (https://peopleforeconomicjustice.com/about-people-for-economic-justice/) We would like to applaud both the Sheriff an...
We think of Greece as the most indebted Euro country. In fact Ireland is in as bad a financial situation and still at risk of going bankrupt - the only difference, the Irish didn't go straight out and burn the banks. And neither were they allowed to right off a significant chunk of their debt. This shocking investigation details the full story, from out of control criminal lending practises to brutal austerity measures. At it's core it asks why the ordinary Irish citizen is now responsible for it all? Leading up to the global financial crisis, the entrepreneurs of Ireland were having a field day. Money was being borrowed, investment projects approved and the economy was booming. But as world financial markets reeled from the collapse of Lehman Brothers the Irish government made the catac...
The top story: On Friday, Puerto Rico failed to pay nearly a billion dollars of general obligation debt to bondholders. Ameera David has details. Then, Boom Bust’s Bianca Facchinei reports on Atlantic City, which is also trying to avoid bankruptcy. Nearly 1,000 employees at the Trump Taj Mahal in the city went on strike. RT correspondent Marina Portnaya reports on the situation in Puerto Rico, where the territory still faces debt default despite a rescue law passed in DC. Afterwards, Tyrel Ventura and Tabetha Wallace of RT’s Watching The Hawks explain how major superstars are upset with platforms like YouTube, because, they say. the video sharing site monetizes their songs -- often without reimbursing the artists. After the break, Ameera talks about the pros and cons for Trade due to Brex...
This is a FREE service for anyone who may find themselves in Debt and are looking at their options. We are ordinary people in extra ordinary circumstances.Debt Options is a movement conceived in 2010 and acted upon in late 2012. It was founded on the principle that since 2008, we, real ordinary people of Ireland, have watched our country brought to its knees due to a GAMBLE of the banks. Watched the sell out of OUR resources by our politicians and the lies and omitions by the media and press about our place in the world crises. The sense of hopelessness has brought hundreds to a very dark place and with no hope in sight many have taken their lives and thousands more can see no light!We the' Irish People' HAVE options. Supported by our amazing and exclusive CONSTITUTION we have a RIGHT to b...