Tag: Debt
Oil-rich Kuwait faces looming debt crisis
When Kuwait emerged from a months-long coronavirus lockdown, hundreds of Kuwaitis flocked to reopened stores, the lines clogging malls, snaking through hallways and spilling onto sidewalks. But unlike much of …
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Zimbabwe’s odious debts
Civil society organisations have called for an audit of Zimbabwe’s national debt, as inequality and poverty grasp the economy. This comes at a time the World Bank projects further GDP …
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The debt crisis looming for poor countries
A growing number of poor countries, some already in humanitarian crisis, will soon have to choose between servicing their lenders or helping their most vulnerable citizens, as the World Bank …
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A large consideration
The UK is in hock to a discordant tune of trillions. Who should pay the piper? Alex Tziamalis writes. Consider debt. The UK owes nearly £2 trillion and now, with …
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Shorn of the debt
Peter Manley describes the horrors of walking dead companies and the dangers in killing them off. The Coronavirus pandemic has put much of the world’s economy on financial life support, …
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Coronavirus may trigger debt emergency across Africa, new study finds
Many African countries could default on debt payments due to increasing repayment costs, precipitated by weak currencies, a ripple effect of the pandemic. But it may also spark digitalization across …
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Revenge Capitalism
From the publisher: Capitalism is in a profound state of crisis. Beyond the mere dispassionate cruelty of ‘ordinary’ structural violence, it appears today as a global system bent on reckless …
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Split: Class Divides Uncovered
From the publisher: In 1990, John Major hailed ‘the classless society’; in 1997, New Labour announced that ‘we’re all middle class now’, yet we live in an age where food …
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US: Fighting coronavirus-induced debt with two trillion-dollar supercoins?
Nations are going through trying times, and they have to get creative in the fight against the coronavirus pandemic. In the United States, Democratic Congresswoman Rashida Tlaib is among those who …
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