Student Loan Debt CRUSHING Millennials, And The Economy

THE WALL STREET JOURNAL IS REPORTING THAT FOR THE FIRST TIME MORE THAN HALF OF THE STATES IN THE US ARE REQUIRING STUDENTS TO PAY MORE INTUITION FOR STATE SCHOOLS AND UNIVERSITIES COMPARED TO WHAT THE GOVERNMENT IS CONTRIBUTING TO THEIR TUITION. THESE AGAIN ARE GOVERNMENT-FUNDED, THEY ARE NOT PRIVATE SCHOOLS. HOWEVER HISTORICALLY THE GOVERNMENT […]

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Puerto Rico’s Financial Future Now in the Hands of a Single Judge Overseeing Massive Bankruptcy

AMY GOODMAN: I’m Amy Goodman, on the road in Chicago. Juan González is in New York. JUAN GONZÁLEZ: We go now to Puerto Rico, which filed for a form of bankruptcy protection last week, seeking to restructure $123 billion in debt and pension obligations, in the largest local government insolvency in U.S. history. The move […]

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Why China’s US Debt Holdings Are Its ‘Nuclear Option’ In Trump’s Trade War

So the U.S. China trade dispute is essentially about fairness. The U.S. has long complained that they’re not treated fairly by the Chinese that it costs too much to send American products into China. And along with that the US does not charge enough for Chinese products that come into the US. Now this has […]

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Goldman Sachs Tells Trump Admin That Americans Are Paying 100% Of His China Tariffs

Donald Trump’s trade war is being paid for by both American corporations and American consumers. And that’s not just our opinion. That’s not just based on a couple of studies. Nope. That’s actually coming from some of the biggest banks in this country, including Goldman Sachs, who earlier this week, uh, let people know by […]

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UK Household Debt has Reached Unsustainable Levels

G. Wilpert: Welcome to the Real News Network. I’m Gregory Wilpert joining you from Quito, Ecuador. UK households are spending more than their income at an unprecedented rate. Record-busting levels of privately held debt are also accompanied with stagnant or even falling real wages in the UK. The situation is so bad that members of […]

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Student Loan Forgiveness: Can The US Erase Student Debt?

Americans owe $1.57 trillion in student debt. That might be a hard number to wrap your head around. What it comes out to is $20,000 to $25,000 for the typical borrower, but of course that’s not evenly distributed. I have $69,812, $47,000, $350,000. More than 600,000 people carry higher burdens of $200,000 or more. Even […]

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