Category: Uncategorized

How to Manage and Stabilize Your Household Finances With a Single Income Stream

Here’s how to live and properly talk with your partner about subsisting on one household income. October 18, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Phil Town discusses how to save money for your goals when you only have one source of income. Town recommends…

DeVos Fined $100,000 for Failure to Forgive Student Debt

(Bloomberg) — U.S. Secretary of Education Betsy DeVos was hit with a $100,000 fine for violating a judge’s order to stop debt collection efforts against former students at bankrupt Corinthian Colleges Inc.Despite the order, the department went as far as seizing the students’ tax refunds and wages.U.S. Magistrate Judge Sallie Kim in San Francisco issued…

What Will Be Missing at Next Month’s Climate Talks

The world order was further roiled this week when a Evo Morales stepped down as Bolivia’s leader amidst a military-led coup. Jeanine Áñez Chavez, a right-wing senator, usurped the presidency on Monday. And though she vowed to hold elections, it’s under her leadership that Bolivia will enter next month’s climate negotiations in Madrid.In the grand…

What Happens To New Cars That Don’t Sell? The Truth Is Huge Discounts

You won’t believe how much money you could save beating the dealerships at their own game … Once new cars leave the factory, they belong to the dealer, and dealers usually have no choice but to keep them until they sell. Dealerships are franchises. They buy cars from the manufacturer and then, ideally, sell them…

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NY Fed Q3 Report: “Home Financial Obligation Continues to Climb Up in Third Quarter as Home Mortgage and Auto Loan Originations Grow”

From the NY Fed: Household Debt Continues to Climb in Third Quarter as Mortgage and Auto Loan Originations Grow he Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit, which shows that total household debt increased by $92 billion (0.7%) to $13.95 trillion in…

China pushes back against criticism of its Belt and Road lending

By David LawderRIYADH, Oct 29 (Reuters) – The head of the China-led Asian Infrastructure Investment Bank pushed back on Tuesday against U.S. assertions that China’s Belt and Road lending has unfairly saddled poor countries with unsustainable debt.Jin Liqun, AIIB’s president, said during an investment conference panel discussion that debt problems associated with China’s massive infrastructure…

Mark Sanford suspends 2020 governmental project

(CNN)Mark Sanford, the former South Carolina governor and congressman who two months ago launched a longshot primary challenge to President Donald Trump, suspended his candidacy Tuesday, his spokesperson Sarah Allred confirmed. Sanford — who emerged as a v…

Report: WeWork Delaying Mass Layoffs Because It Can’t Afford Severance

Photo: Mark Lennihan (AP)WeWork, the company that is either a transformative way of life or a dangerously overleveraged real estate company posing as a cultish tech firm, is planning on laying off thousands of employees…. Just as soon as it can scrape up the cash for severance costs, anyhow.Earlier on Monday, reports indicated that WeWork…

How SoftBank made WeWork an offer it had to accept

For months, WeWork’s co-founder Adam Neumann was being courted by Wall Street’s top investment bankers in anticipation of one of this year’s most high-profile initial public offerings.By October, with the IPO abandoned and his office-space sharing company bleeding cash, Neumann found himself late on a Sunday evening pleading with WeWork’s largest lender for a $5…

A man who inherited a 6-figure trust fund at 20 and wound up in debt anyway shares the advice he’d give his younger self

Brandon Neth inherited about $123,000 from his late father and grandfather when he was 20.He used part of the money to pay for school and spent the rest on cars, TVs, clothes, restaurants, and gambling. By the time he graduated from college, he was nearly $25,000 in debt and out of inheritance money.Neth said that…