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03 Mar 2010 10:20

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World: What we know about Greece: Gyros, philosophy, Sparta!, huge debt

  • €4.8
    billion     will be cut from the country’s huge deficit using a mix of taxes and spending cuts (the third this year)
  • €200
    billion     the size of Greece’s deficit, which is 125 percent of their entire annual economic output source
Posted by Ernie Smith • 0 Comments • Permalink

21 Feb 2010 10:58

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Biz: College students will have a (necessarily) harder time getting credit

  • $1,879 amount of credit card debt the average college student had in the heady days of 1998
  • $3,173 amount of credit card debt the average college student had in 2008, which is a huge increase source
  • » So, what changes? A law that takes effect Monday will regulate the credit industry at large, but with the largest effect on adults under 21. They won’t be able to get credit without a parent’s signature and proof of other assets. The new policy will help limit high amounts of debt for college students, but may also hurt them, as many often use the credit to pay for necessities.
Posted by Ernie Smith • 0 Comments • Permalink

25 Dec 2009 11:04

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World: Japan’s equivalent of Obama lays out a huge budget

  • ¥92.3 trillion for 2010; that’s a lot of ramen source
Posted by Ernie Smith • 0 Comments • Permalink

21 Dec 2009 10:56

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Biz: Dubai should really consider a debt-consolidation program

  • $40 billion in overcharging really big credit cards source
Posted by Ernie Smith • 0 Comments • Permalink

20 Dec 2009 21:26

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U.S.: Smokin’ hot topic in California: Legalizing pot to leverage taxes

  • 56% of Californians support legalizing marijuana to help pay off the state’s debt
  • 680,000+ people have reportedly signed a petition for a November ballot proposal source
Posted by Ernie Smith • 0 Comments • Permalink

26 Nov 2009 09:59

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World: Happy Thanksgiving! Dubai may default on its massive debt

  • $59 billion in liabilities owed to various creditors source
Posted by Ernie Smith • 0 Comments • Permalink

18 Nov 2009 09:41

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U.S.: Surprisingly, the government’s “improper payments” aren’t bailout funds

  • $98 billion in unnecessary spending, big or small, in 2008 source
Posted by Ernie Smith • 0 Comments • Permalink
 

16 Nov 2009 09:57

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Biz, U.S.: General Motors has much less debt than it did before

  • July 9 General Motors, just before they came out of the other end of bankruptcy, had $94.7 billion in debt owed,
  • Nov. 16 After its first full quarter out of bankruptcy, GM had $17 billion in debt – $6.7 billion owed to the U.S. government. source
Posted by Ernie Smith • 0 Comments • Permalink

01 Nov 2009 21:16

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Biz: Holy CIT! A massive lender files an equally massive bankruptcy

  • $71 billion the amount in assets CIT Group had when it filed today; it’s the fifth-largest bankruptcy in U.S. history
  • $64.9 billion the amount in debts the lender, which focuses on small businesses, has; it’s trying to cut $10 billion in debt source
Posted by Ernie Smith • 0 Comments • Permalink

08 Sep 2009 09:01

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Culture: Celebrity photog Annie Leibovitz could lose her photos today

  • $24 million debt to repay, by today, or her images aren’t hers source
Posted by Ernie Smith • 0 Comments • Permalink
 
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