A general view shows the Standard Gauge Railway train constructed by the Chinese Communications Construction Company and financed by Chinese government.
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The fear that borrowers’ strategic assets are at risk from Chinese banks continues to fail the test of evidence.
Ghana’s economy is in dire straits.
Ghana’s economy is in its most precarious state in decades.
A Puerto Rican man passes buildings for lease in San Juan, Puerto Rico, on May 16, 2017.
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Puerto Rico has reached an agreement to partially settle its historic bankruptcy crisis. But public cuts to education and health care are unlikely to ease, creating ongoing challenges for Puerto Ricans
Student loan borrowers save a collective of $7.1 billion per month thanks to the loan pause.
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Student loan forgiveness doesn’t benefit the economy the way some advocates believe it would, an economist argues.
Parents who borrow for their children’s college education say finances control their lives.
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Student loan debt can hurt borrowers, but the pain is even greater when the borrower is taking out a student loan for their child, new research shows.
The number of New Zealanders with ‘negative net wealth’ is large and growing – reflecting widening economic inequality that remains an urgent political priority.
Visitors take photos near a model of the doll Younghee featured in ‘Squid Game,’ displayed at the Olympic park in Seoul, South Korea, on Oct. 26, 2021.
(AP Photo/Lee Jin-man)
Squid Game alludes to anti-worker violence that has permeated South Korean labour history, and reminds viewers of the need to overcome real inequalities.
The commentary made by the hit show may seem absurd, but it’s uncomfortably close to the truth.
In the hit Korean Netflix show ‘Squid Game,’ players are required to sign dubiously ethical contracts as their lives are assigned monetary value.
The show is violent fantasy emerging from the desperation experienced by those in crippling debt.
The unanticipated popularity of the Korean show ‘Squid Game’ highlights our relationship to debt and capitalism, but the contradictions extend beyond the show itself.
Instead of blaming young people for eating too many avocado toast breakfasts, we need a better understanding of the economy and society they are growing up in.
Would a default mean an end to the dollar’s position as the go-to trading currency?
AP Photo/Jacquelyn Martin
An economist explains why defaulting on the national debt would result in economic crisis.
Currently, the total outstanding federal student loan debt is $1.7 trillion.
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As federal student loan debt continues to rise, a number of scholars discuss how debt affects the nation’s college students, graduates and the economy as a whole.
Nigeria’s economy is struggling to recover from fluctuating oil price, inflation and impact of COVID-19 pandemic.
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To non-economists, the World Bank ranking Nigeria fifth on the list of its top ten debtor countries is alarming. A deeper analysis shows there is no cause for concern.
Already the Biden administration has forgiven nearly $3 billion of student loan debt from 113,000 borrowers.
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Student loan debt has long been considered a drag on the economy. But will canceling it actually do much to spur spending? An economist weighs in.
Workers sort coffee beans at a coffee estate in Ruiru, a suburb on the outskirts of Nairobi.
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Kenya needs to address spending inefficiencies to attain the goals outlined in the budget.
Keeping what is not rightfully one’s own reveals a lack of integrity and kindness.
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Charles Schwab mistakenly transferred over $1.2 million to the account of a woman who then kept the money. Did she have a moral obligation to return it? An expert says the answer is not that simple.
A child plays in a street in the port village of Paquitequete near Pemba, northern Mozambique. The region suffered decades of neglect, and major gas projects have failed to deliver local benefits.
Photo by Alfredo Zuniga/AFP via Getty Images
The development strategy based on foreign investment in natural resources projects has not delivered economic growth or security. What’s needed is an inclusive vision based on local realities.
People visit fruit section of a grocery store on Guadeloupe, an island group in the southern Caribbean Sea.
Debt relief would improve Caribbean states’ response to global crises.
How quickly people recover financially from the COVID-19 crisis,or lose the gains they made, may depend on their level of financial literacy.
Teaching financial literacy requires more than adding financial literacy to kids’ school curriculum. It also means offering teachers professional development to ensure they’re equipped.
Beware of zombie companies.
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Plus a new technique to protect birds from predators – using fake smells. Listen to episode 10 of The Conversation Weekly podcast.