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Personal Finance, Predictions, Opinions, & Comments

“Americans racked up $1,300 in holiday debt on average: How to get back on track in the new year”

“Use cash, not credit… Pick a debt repayment strategy…Consolidate balances…Make a post-holiday budget…” https://grow.acorns.com/2020-holiday-debt/ Those are the 4 tips. The link goes into further detail. Click the link if you want to know more. I have something important I want… Continue Reading…

Personal Finance

“How to achieve financial freedom and pay off debt, according to a financial expert who paid off $87,000”

“Debt can be overwhelming, especially if it’s in the double or triple-digits. Just ask Tiffany “The Budgetnista” Aliche who had around $300,000 in debt after the last recession… “Focus on that credit card debt. That’s the one that’s costing you… Continue Reading…

Business, Economy

“Companies are taking on another $1 trillion in debt”

“Powered by ultra-low interest rates, corporate borrowing was already at an-all time high before the pandemic. Now, as cash-strapped companies frantically try to shore up their balance sheets, debts are expected to get even bigger. What’s happening: Corporate debt is poised to soar… Continue Reading…

Banking

“Federal Debt Tops $26 Trillion for First Time; Jumps $2 Trillion in Just 63 Days”

“The debt of the federal government topped $26 trillion for the first time on Tuesday, when it climbed from $25,960,547,920,986.11 to $26,003,751,512,344.91, according to data released today by the Treasury Department. The federal debt had topped $24 trillion for the first… Continue Reading…

Business

“Apple borrows $8.5 billion, joins record corporate debt borrowing spree”

“The iPhone maker on Monday borrowed $8.5 billion with a four-part bond deal, adding its name to the roster of U.S. investment-grade companies borrowing a record amount of debt in the corporate bond market during the pandemic… The Apple bonds… Continue Reading…

Economy

“Record government and corporate debt risks ‘tipping point’ after pandemic passes”

“The United States is embarking on a rapid-fire experiment in borrowing without precedent, as the government and corporations take on trillions of dollars of debt to offset the economic damage from the coronavirus pandemic. The federal government is on its… Continue Reading…

Banking, Economy

“Distressed Debt Balloons to Almost $1 Trillion, Nears 2008 Peak”

“The amount of distressed debt in the U.S. has quadrupled in less than a week to nearly $1 trillion, reaching levels not seen since 2008 as the collapse of oil prices and fallout from the coronavirus shutters entire industries across… Continue Reading…

Economy

“Had Enough? Californians Turn Down Higher Taxes, Debt”

“Everyone knows that living in California comes with a price: Its residents pay some of the nation’s highest taxes on the money they earn, the gas they pump and the clothes they wear. But for the moment, at least, it appears voters… Continue Reading…

Economy

“Federal Taxes and Spending Set Records Through February”

“During the October-February period, the government spent a record $1,991,272,000,000 while it collected a record $1,366,750,000,000 in taxes… Thus, while running up records in taxing and spending for the first five months of the fiscal year, the federal government also… Continue Reading…

Business

“To Reduce Debt, Cumulus Considers Selling 250 Tower Sites.”

“CEO Mary Berner said last week the company is “considering strategic alternatives” for the Cumulus tower portfolio, which includes more than 250 sites across 32 states. Even though a radio station can’t operate without a tower, Berner, like other executives,… Continue Reading…