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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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Consumer Guy: Debt is a vampire
Coeur d'Alene Press
Everyone knows that being in debt can suck the happiness out of your life. Debt will destroy your attitude, your relationships, and your personality. The kind of debt I'm talking about is “stupid debt.” Stupid debt sneaks up on you when “easy credit ...



CNNMoney

More debt helps China keep its economy humming
CNNMoney
During his speech to the party congress Wednesday, Xi stressed the importance of cutting high levels of debt in the financial system and reforming inefficient state-owned enterprises. But economists have expressed doubts about the president's ...
China: the cost of debt-fueled growthDeutsche Welle

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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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Teva Bulls Are Too Early: Debt Downgrade On The Way - Teva ...
Seeking Alpha
Teva's long sell off has seen a lot of buyers calling the bottom along the way. Given ratings agency commentary, along with recent cuts to guidance and ...

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Laden With Student Debt
Planadviser.com
At year-end 2016, Americans held a record $1.3 trillion in outstanding federal student loans, according to a report from the Federal Reserve Bank of New York. These loans now represent the biggest chunk of consumer debt in the country outside of ...

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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 ...



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 ...

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Reuters

Exclusive: Baupost's Klarman resists calls to wipe out Puerto Rico debt
Reuters
“In the case of Puerto Rico, expunging the debt would almost certainly eliminate any ability the Commonwealth would have to borrow money in the future at reasonable rates, which will be critical to the island's rebuilding efforts,” Klarman wrote in the ...


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