Students pulling a heavy ball representing the total outstanding student debt in the U.S. at over $1.5 trillion.
PAUL J. RICHARDS/AFP via Getty Images
President-elect Joe Biden promised to forgive some part of student debt. An ethicist considers what's fair.
Yes, the bank would effectively pay you to borrow money. But negative interest rates won’t please savers, nor will they meet the big challenges of economic recovery.
Massive borrowing to fund NZ’s economic recovery due to COVID-19 cannot be written off without the risk of worsening the crisis it was designed to meet.
South Africa’s finance minister Tito Mboweni says the IMF loan will limit the country’s economic vulnerabilities which have been exacerbated by COVID-19.
Gallo Images/Brenton Geach
The IMF loan does not impose any conditions over and above what is in South African law on how the funds can be used; it only seems to expect the country to implement policies already announced.
A little cash can be costly.
AP Photo/Sid Hastings
Use of installment loans has grown dramatically in recent years – all without the regulatory scrutiny that tamped down on abuses in the payday loan market.
The Privacy Act gives you the right to find out what’s in your credit report and change any incorrect information in your report.
Checking your credit report is a good way to ensure that incorrect information is not listed against you, and can protect you against identity theft.
Public Service Loan Forgiveness can be difficult to get if you don’t know the rules.
A higher education professor explains the complex rules behind Public Service Loan Forgiveness, a program meant to provide debt relief to student loan borrowers who went into public service jobs.
The financial system is awash with money, which is why interest rates have been so low for so long.
It’s been 10 years since the U.S. signed into law a scheme to print money, essentially, and save the financial sector amid the sub-prime mortgage meltdown. Did it work? And who’s truly benefitted?
Waffle making with rented waffle maker from the Library of things.
Sebastian Wood/Library of Things
Why keep buying and chucking when you can rent and return?
Fed Chair Janet Yellen speaks at a press conference following the rate-hike decision.
AP Photo/Susan Walsh
The Federal Reserve lifted rates for the second time this year and expects to do so once more, suggesting it’s fairly confident the economic recovery will continue. Is it overconfident?
if you like to drink (or sell) German beer, higher rates are a wonderful thing.
Matthias Schrader/AP Photo
While borrowers may not be thrilled by the Federal Reserve’s decision to raise rates, many of us have plenty of reason to celebrate.
Nelson Mandela with his predecessor FW de Klerk. Tough questions are being raised about the compromises Mandela made for South Africa’s transition to democracy.
South Africa’s transition into democracy involved compromises that left white privilege intact and black poverty undiminished. Here are a dozen of Mandela’s economic deals that need to be undone.
Many people aspire to live a middle class life. Once they attain it, sustaining it is a big challenge.
Reaching middle class status and sustaining it into retirement is a major challenge. The key is to live within your means.
Credit rating agencies often elicit criticism when they downgrade countries.
Credit rating agencies have come in for a lot of flack. But the bottom line is that to attract investors with deep pockets countries can’t avoid having a credit rating. And a good one at that.
For everyone, there are things to like and not like in higher interest rates.
Thumbs via www.shutterstock.com
The Federal Reserve is expected to raise rates for the first time in nine years next week. What does it mean for you?
The Fed building in New York: just a nice facade?
Market speculation on whether the Fed will raise rates is reaching fever pitch, but the central bank no longer has the pull it once did.
The sour face means the Fed must be about to raise rates.
Whenever speculation grew louder that the Federal Reserve would lift its target interest rate this year, stocks took a dive. Here’s why.
Fed Chair Janet Yellen’s rates balancing act would be easier if the government got in the game.
The more important question is when the federal government will get in the game and help support the economy.
Ed to Ed.
Ed Miliband is trying to wrestle back the political initiative in Manchester. The leader of the opposition must avoid becoming mired in deeply complex constitutional questions of devolution at his party’s…
Low-income individuals often focus on immediate expenses, making future expenses more difficult to meet. A Princeton University…