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Keyword: debts

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  • Mass Delusion among Greece’s Far Left: Victorious Syriza wants Greece to skip out on its debts.

    01/26/2015 7:44:07 AM PST · by SeekAndFind · 36 replies
    National Review ^ | 01/26/2015 | Tom Rogan
    In Greece, the far-left Syriza party has won a stunning victory. Under the leadership of charismatic populist Alexis Tsipras, it has claimed around 150 parliamentary seats and defeated the governing centrist New Democracy party. Across Europe, leftists are elated. They see this as a historic turning point, the moment when they can put a stop to the austerity-through-spending-cuts approach. And to some degree, they’re right. There’s no question that voters have rewarded a far-left party for its far-left platform. Just consider what Syriza proposes: significant increases in government spending, a rise in the minimum wage and in pensions, and a...
  • One in 10 Americans’ paychecks get docked to pay off debts

    09/19/2014 9:53:00 AM PDT · by george76 · 16 replies
    Market Watch ^ | Sept 16, 2014 | Priya Anand
    One in 10 Americans between the ages of 35 and 44 had money seized from a paycheck and sent off to pay a debt last year ... the average household’s balance at about $6,802. And one in three Americans is dogged by collections, or debts more than 180 days past due, for credit card balances, child-support, medical or utility bills. For most people, garnished wages went toward child support (41.5%). After student and consumer loans (35.4%), workers’ pay was also docked to pay off tax debts (18.3%) and bankruptcies (4.9%).
  • Social Security, Treasury target taxpayers for their parents’ decades-old debts

    04/11/2014 12:34:11 AM PDT · by Behind Liberal Lines · 118 replies
    Washington Post | 4.10.13 | Marc Fisher
    The Washington Post reports that hundreds of thousands of taxpayers who are expecting refunds this month are instead getting letters informing them that because of a debt they never knew about — often a debt incurred by their parents — the government has confiscated their check.
  • Shakedown: Treasury seizing tax refunds from adult children to pay parents' Social Security debts

    04/11/2014 12:33:11 PM PDT · by SeekAndFind · 60 replies
    Hotair ^ | 04/11/2014 | AllahPundit
    When I say “debts,” I don’t mean loans that the parents willingly sought from SSA. It would be bad enough to hold a kid responsible for that (since when are children responsible for their parents’ obligations?), but at least it would have been voluntarily incurred by mom/dad. The “debts” here are overpayments of Social Security benefits, the product of SSA’s own errors. The parents who received them might not have even realized they were getting money they weren’t supposed to have. And now, somehow, it’s junior’s problem.But wait. It gets worse. When [Mary] Grice was 4, back in 1960, her...
  • Local courts reviving 'debtors' prison' for overdue fines, fees

    12/25/2013 1:17:13 PM PST · by ColdOne · 50 replies ^ | 12/25/13 | Kelley Beaucar Vlahos
    Critics are calling the practice the new "debtors' prison" -- referring to the jails that flourished in the U.S. and Western Europe over 150 years ago. Before the time of bankruptcy laws and social safety nets, poor folks and ruined business owners were locked up until their debts were paid off. Reforms eventually outlawed the practice. But groups like the Brennan Center for Justice and the American Civil Liberties Union say it's been reborn in local courts which may not be aware it's against the law to send indigent people to jail over unpaid fines and fees -- or they...
  • As economy flails, debtors' prisons thrive

    04/04/2013 6:47:18 PM PDT · by 2ndDivisionVet · 54 replies
    CBS News' Money Watch ^ | April 4, 2013 | Alain Sherter
    Thousands of Americans are sent to jail not for committing a crime, but because they can't afford to pay for traffic tickets, medical bills and court fees. If that sounds like a debtors' prison, a legal relic which was abolished in this country in the 1830s, that's because it is. And courts and judges in states across the land are violating the Constitution by incarcerating people for being unable to pay such debts. Ask Jack Dawley, 55, an unemployed man in Ohio who between 2007 and 2012 spent a total of 16 days in jail in a Huron County lock-up...
  • San Bernardino, California, files for bankruptcy with over $1 billion in debts

    08/01/2012 8:47:11 PM PDT · by tcrlaf · 59 replies
    Rueters ^ | 8-1-12 | Tim Reid
    San Bernardino filed for bankruptcy protection on Wednesday citing more than $1 billion of debts and making it the third California city to seek protection from creditors. The city of about 210,000 residents 65 miles east of Los Angeles declared a fiscal crisis last month after a report said local government had tapped out its reserves and projected spending would top revenue by $45 million in the fiscal year that began on July 1. The filing, made in the United States Bankruptcy Court, Central California District, states that the city has "more than $1 billion" in liabilities, and estimated that...
  • President Obama Denounces Republican 'Wild Debts': I'm Not an Over-Spender

    05/23/2012 7:14:21 PM PDT · by NormsRevenge · 51 replies
    Yahoo ^ | 5/23/12 | Devin Dwyer | ABC OTUS News
    COLORADO SPRINGS, Colo. - At a fundraiser for his re-election campaign in Denver tonight, President Obama set out to upend conventional Republican wisdom that his administration has been defined by excessive government spending. "I'm running to pay down our debt in a way that's balanced and responsible. After inheriting a $1 trillion deficit, I signed $2 trillion of spending cuts into law," he told a crowd of donors at the Hyatt Regency. "My opponent won't admit it, but it's starting to appear in places, like real liberal outlets, like the Wall Street Journal: Since I've been president, federal spending has...
  • Parents don't have to pay dead son's debts

    01/07/2012 6:39:09 PM PST · by rawhide · 16 replies ^ | Steve McLinden
    Dear Real Estate Adviser, My friends' son committed suicide, leaving a huge financial mess. He owned his own home, which will go to them once it clears probate (he was single, no children). My friends have their own home and cannot afford to maintain a second. They will have to sell it, but the son's house is seriously underwater. What options do they have? -- Tessa
  • SUPER FAILURE: Deficit Committee Certain To Announce Failure Tomorrow

    11/20/2011 7:14:06 AM PST · by blam · 46 replies
    TBI ^ | 11-20-2011 | Zeke Miller
    SUPER FAILURE: Deficit Committee Certain To Announce Failure Tomorrow Zeke Miller Nov. 20, 2011, 8:33 AM It's over. After months of posturing and secret negotiations, the super committee has failed at its task of reaching $1.2 trillion in deficit cuts. Via POLITICO's Mike Allen: The official deadline for action by the Joint Select Committee on Deficit Reduction is Wednesday, the day before Thanksgiving. The real deadline is Monday night, since any plan has to be posted for 48 hours before it's voted on. So conversations this weekend revolved around how to shut this turkey down. Aides expect some "Hail Mary"...
  • Rick Santelli - Rant: economy, banks, housing, politics, too big to fail

    10/24/2011 12:42:33 PM PDT · by STARWISE · 5 replies
    CNBC/You Tube ^ | 10-21-11
    Another Sentelli hammer-nail rant of truth .. Rick Santelli Highest Wage Earners in DC, What Does That Tell US?
  • LA Times: China demands U.S. 'live within its means'

    08/06/2011 4:21:42 AM PDT · by Oldeconomybuyer · 64 replies
    Los Angeles Times ^ | August 6, 2011 | By David Pierson
    The largest foreign holder of U.S. treasuries responds to the S&P downgrading by calling for decreases in U.S. military outlays and social spending. Beijing — China called on the United States to "cure its addiction to debts" and "learn to live within its means" in a searing commentary published Saturday by the official New China News Agency in response to Standard & Poor's historic downgrading of the U.S. government's credit rating a day earlier. China, the largest foreign holder of U.S. federal debt, blamed "short-sighted political wrangling in Washington" for creating the current financial morass that now threatens to undermine...
  • Wisconsin makes good on Minnesota tax debt

    07/14/2011 1:58:58 PM PDT · by afraidfortherepublic · 13 replies
    Superior Telegram ^ | 7-13-11 | Shelley Nelson,
    Wisconsin paid off its $60 million debt owed to Minnesota under the former tax reciprocity agreement between the states, Gov. Scott Walker announced today. The debt was left unpaid by the previous Wisconsin administration after former Minnesota Gov. Tim Pawlenty ended the agreement in 2009. The agreement had allowed workers living in one state and working in the other to pay income taxes to their home state, saving taxpayers the burden of filing two tax state returns. “It was a huge disappointment for both Minnesota and Wisconsin taxpayers when former Minnesota Gov. Pawlenty ended reciprocity last year,” said Sen. Bob...
  • The Floating Dollar as a Threat to Property Rights

    03/12/2011 7:12:36 PM PST · by Tolerance Sucks Rocks · 17 replies
    Imprimis (Hillsdale College) ^ | February 16, 2011 | Seth Lipsky
    The following is adapted from a speech delivered on February 16, 2011, at a Hillsdale College National Leadership Seminar in Phoenix, Arizona. TO BEGIN, consider one of the most important measures of property, the kilogram. It’s a measure of mass or, for non-scientific purposes, weight. According to the papers last week, a global scramble is under way to define this most basic unit after it was discovered that the standard kilogram—a cylinder of platinum and iridium that is maintained by the International Bureau of Weights and Measures—has been losing mass. You may think that this is impossible. Of all the...
  • Mounting State Debts Stoke Fears of a Looming Crisis

    12/04/2010 9:23:34 PM PST · by Nachum · 21 replies
    New York Times ^ | 12/4/10 | Michael Cooper and Mary Williams Walsh
    The State of Illinois is still paying off billions in bills that it got from schools and social service providers last year. Arizona recently stopped paying for certain organ transplants for people in its Medicaid program. States are releasing prisoners early, more to cut expenses than to reward good behavior. And in Newark, the city laid off 13 percent of its police officers last week. While next year could be even worse, there are bigger, longer-term risks, financial analysts say. Their fear is that even when the economy recovers, the shortfalls will not disappear
  • [HELOCs] Home Equity Lines of Credit, the Next Looming Disaster?

    09/07/2010 10:46:33 PM PDT · by Lorianne · 21 replies
    Real Estate Channel ^ | 07 September 2010 | Keith Jurow
    Madness of HELOC Lending During the Bubble Years Aided by the seemingly limitless desire of banks to lend money, homeowners opened an incredible number of HELOCs during the bubble years of 2004-2006. Nowhere was the madness of HELOC borrowing more astounding than in California. During the two key years of 2004 and 2005, a total of 1.43 million HELOCs were originated in California just for the purchase of homes according to figures received from CoreLogic. Wait a minute, you say. That's more than the total number of homes sold in California during these years. Correct. A total of 1.25 million...
  • The U.S. Isn't Greece, and That's a Problem (Why Greece's Scenario doesn't hold for USA)

    08/18/2010 3:54:42 AM PDT · by SeekAndFind · 4 replies
    Real Clear Markets ^ | 08/18/2010 | Rich Danker
    The dollar's domination of the world's monetary system has tremendous consequences for the U.S. economy and fiscal policy. Yet leading officials and commentators in Washington repeatedly overlook this effect when grappling with economic news. "Deficit fears don't appear to bother the bond market," was the headline on the front page of the Washington Post in June. The article implied that our creditors are naive for accepting low returns on Treasury bonds because America is running the risk of being hit with a debt crisis similar to what happened in Greece, whose government came close to defaulting on its obligations last...
  • Report: Duchess of York may face bankruptcy

    08/08/2010 4:20:30 PM PDT · by rightwingintelligentsia · 45 replies
    MSNBC ^ | August 7, 2010
    LONDON — The Duchess of York's debts have reached 5 million pounds, or nearly $8 million, and her only option may be the first voluntary bankruptcy of a royal, The Sunday Telegraph of London reported. At least one senior financial adviser to Buckingham Palace recommended the action despite the acute embarrassment it would cause for her ex-husband, Prince Andrew, and Queen Elizabeth, The Telegraph said. The queen is said to be “deeply concerned” by the debts, which are more than twice as large as previously thought, the newspaper said. Even Prime Minister David Cameron has been briefed on the issue...
  • The $5 trillion rollover

    06/30/2010 7:21:13 AM PDT · by TigerLikesRooster · 12 replies
    Reuters ^ | 06/29/10
    The $5 trillion rollover Jun 29, 2010 13:30 EDT Banks around the world must refinance more than $5 trillion of debts in the coming three years, a massive rollover that poses threats to financial stability and growth. The need to replace these debts, which are medium and long term, will place pressure on bank profit spreads and in turn may either prompt deleveraging, where banks sell assets that they can no longer economically finance, or simply lead to a bout of credit rationing, where borrowers must pay more to borrow, thus crimping investment and economic growth. For banks in the...
  • Learning How to Fight the (Debt) Collector

    04/26/2010 3:49:38 PM PDT · by jerry557 · 94 replies · 2,093+ views
    Among debt collectors, Steven Katz is known as a “credit terrorist.” For years, he has run what he calls the Steven Katz School of Bill Collector Education, otherwise known as the “credit terrorist training camp.” Mr. Katz, a 58-year-old accountant in suburban Tucson, spends his free time schooling debtors on the finer points of consumer protection law to help them turn the tables on debt collectors. On occasion, he thumbs his own nose at them too. “How many times can I sue you? Let me count the ways,” he wrote under his pseudonym, Dr. Tax, in a March posting on...
  • Andy Stern's debts

    04/23/2010 9:24:27 AM PDT · by Nachum · 14 replies · 1,003+ views
    wash. times ^ | 4/23/10 | F. Vincent Vernuccio
    <p>Purple may be the official color of the Service Employees International Union (SEIU), but Andy Stern is leaving the union deep in the red. Last week, he surprised the labor community by announcing his resignation as president of SEIU. Mr. Stern has claimed victories in helping pass health care legislation and getting President Obama elected, but his impact within his own organization shows gaping budget deficits and massive underfunding of pensions.</p>
  • No mercy for debtors (How long must a college grad work to repay his college debts ?)

    03/02/2010 8:53:22 PM PST · by SeekAndFind · 89 replies · 1,561+ views
    Republican American ^ | 03/02/2010 | Prof. Mark Hendrickson, Grove City College
    You may have seen the recent story about the 41-year-old doctor who graduated from medical school in 2003 with student-loan indebtedness of $250,000 that has swelled to more than $555,000. She is now scheduled to pay $990 per month until she is 70. Ouch! This is an extreme example of a widespread problem. Only 40 percent of the $730 billion of outstanding student loans actively are being repaid. This isn't healthy for financial institutions or for many young Americans. It's easy to say those who borrow to pursue their post-secondary education bear the primary responsibility. The first rule of survival...
  • The Federal Budget is NOT like a Household Budget: Here's Why

    02/11/2010 8:51:59 AM PST · by SeekAndFind · 45 replies · 850+ views
    Naked Capitalism ^ | 02/11/2010 | L. Randall Wray, a Professor of Economics at the University of Missouri-Kansas City
    Whenever a demagogue wants to whip up hysteria about federal budget deficits, he or she invariably begins with an analogy to a household’s budget: “No household can continually spend more than its income, and neither can the federal government”. On the surface that, might appear sensible; dig deeper and it makes no sense at all. A sovereign government bears no obvious resemblance to a household. Let us enumerate some relevant differences. 1. The US federal government is 221 years old, if we date its birth to the adoption of the Constitution. Arguably, that is about as good a date as...
  • Vanishing Debts? Paul Krugman Asserts that Our Deficit Hysteria is Just Like Iraqi WMD Hype

    02/05/2010 3:59:30 PM PST · by SeekAndFind · 31 replies · 663+ views
    Newsbusters ^ | 02/05/2010 | Tim Graham
    New York Times columnist Paul Krugman played media critic on Friday, asserting that the media have gone from sensible to sensationalistic on the long-term federal budget deficit forecasts. The most notable part came when he insisted that the media’s presentation of a deficit threat is a lot like the threat of Iraqi weapons of mass destruction (and will be just as damaging). Isn't this a little odd in an article titled "Fiscal Scare Tactics"? Or was Krugman being self-referential? And is this a great analogy, since the Iraqi WMD ended up missing, and the trillion-dollar deficits have hardly vanished? Krugman...
  • Eric Sprott: "Dead Government Walking"

    11/03/2009 3:43:48 PM PST · by blam · 13 replies · 1,018+ views
    The Business Insider ^ | 11-03-2009 | Joe Weisenthal
    Eric Sprott: "Dead Government Walking" Joe WeisenthalNov. 3, 2009, 12:48 PM If you're looking for something to cheer you up, don't read the latest letter from ultra-bear Eric Sprott (via Market Folly). Basically he argues, a US default is coming sooner, rather than later, and that there's just no hope of averting this. The projected US deficit from 2009 to 2019 is now slated to be almost $9 trillion dollars.3 How on earth does anyone expect them to raise this capital? As we stated in a previous article, in order to satisfy US capital requirements, all existing investors would have...
  • Dannii Minogue reveals she stripped off for Playboy to pay her debts (Aw Poor Girl)

    10/29/2009 6:03:59 AM PDT · by bogusname · 31 replies · 26,578+ views
    Daily Mail ^ | October 29, 2009 | Ben Todd
    Dannii Minogue has revealed how she was forced to pose nude for Playboy to pay off her crippling debts. The X Factor judge, 38, stripped off for the front page cover shoot in 1995 after the breakdown of her marriage to actor Julian McMahon. She owed more than Ł150,000 and was too proud to turn to her older sister Kylie for help. 'My parents didn't want me to do it. My dad was saying, "Doing this is forever - you can never, ever change it," she said during an emotional interview with Piers Morgan. 'Kylie knew why I was doing...
  • William Jefferson RAT-La reports $7 million in debts (Billy Jeff to be sentenced Oct 30)

    09/18/2009 3:59:41 PM PDT · by Libloather · 10 replies · 707+ views
    NOLA ^ | 9/12/09 | Michelle Krupa
    Jefferson reports $7 million in debts$5.7 million is legal debt from case By Michelle Krupa Saturday, September 12, 2009 Convicted former U.S. Rep. William Jefferson reported in a bankruptcy court filing Friday that he and his wife have more than $7.1 million in debt, including $5.7 million owed to the law firm that represented him against federal corruption charges. The Jeffersons reported about $2 million in assets, most of it comprised of family homes in New Orleans and Washington, and a parcel of farmland in East Carroll Parish. Still, the couple reported that their monthly household income continues to outpace...

    04/13/2009 7:10:43 AM PDT · by bilhosty · 4 replies · 514+ views
    www.uexpress. ^ | 04/09/2009 | Georgie Anne Geyer
    After dinner, when there was little to do, particularly in many of the smaller towns, I would sit on my straw mattresses and read "The Art of War" by Sun Tzu, the great Chinese military strategist of the third and fourth centuries B.C. In sharp contrast to the strategists of the West, who believed in the all-out destruction of the enemy's cities and people, the discreet and thoughtful Sun Tzu urged extensive use of deception, of psychological war and of nonviolent methods of "warfare." "What is of extreme importance in war," he wrote, "is to attack the enemy's strategy." And...
  • Bad Bank Can Solve Our Problems Subsidizing institutions that hold toxic assets only prolongs pain

    01/27/2009 8:47:41 AM PST · by AncientAirs · 12 replies · 481+ views
    WSJ ^ | January 22, 2009 | David Roche
    The banks must be forced to disclose their "toxic" assets.... In effect, this function can be executed by the setting up of a "bad bank," as the Swedes did in the early 1990s. The bad bank clears the toxic assets off the books of banking systems by buying them at market prices and forcing write downs by the banks. A good bad bank forces banks to write down their bad assets and cleanse their balance sheets with those made insolvent being recapitalized, nationalized or liquidated by the state. But it is equally possible to use a bad bank to buy...
  • The 4 Horsemen have Arrived(Debts, Derivatives, Deficits, and Dollar)

    10/31/2008 1:12:09 AM PDT · by TigerLikesRooster · 10 replies · 426+ views
    Cornerstone ^ | Oct., 2008 | John Riley
  • Rendell seeks loan for highway, bridge work

    03/28/2008 8:59:28 AM PDT · by Tolerance Sucks Rocks · 6 replies · 421+ views
    The Pittsburgh Post-Gazette ^ | March 27, 2008 | Tom Barnes
    HARRISBURG -- With a section of a Pittsburgh bridge dropping 8 inches and an Interstate 95 support pillar cracking in Philadelphia, Gov. Ed Rendell is turning up the heat under the Legislature to provide infrastructure repair funds more quickly. Mr. Rendell sent a letter to all 253 legislators yesterday urging quick passage of a $240 million "supplemental debt authorization." His program of borrowing would enable state officials to fast-track repairs on some of the state's 6,000 bridges classified as structurally deficient, along with fixing ailing highways, repairing "state-owned, high-hazard dams" and beginning flood mitigation projects. Also yesterday, Mr. Rendell called...
  • ANALYSIS-Russians may stop paying debts if oil bonanza ends

    10/12/2006 12:11:37 AM PDT · by familyop · 13 replies · 606+ views
    Reuters ^ | 11OCT06 | Gleb Bryanski
    MOSCOW, Oct 11 (Reuters) - Russian banks could be saddled with millions of dollars in bad loans if a drop in oil prices hits the incomes of middle class Russians who have been gorging on a glut of consumer credit. The spot price of Urals , Russia's export blend, has fallen from a peak of $73.65 per barrel in July to $55.12 on Wednesday, and analysts predict a sizable fallout for Russia. "My two major concerns about the Russian economy are the 2008 election and bad loans," said Tim Ash, analyst at Bear Stearns, referring to the vote to elect...
  • Newly Bankrupt Raking In Piles of Credit Offers

    12/11/2005 8:51:43 PM PST · by A. Pole · 22 replies · 763+ views
    The New York Times ^ | December 11, 2005 | Timothy Egan
    TACOMA, Wash., Dec. 9 - As one of more than two million Americans who rushed to a courthouse this year to file for bankruptcy before a tough new law took effect, Laura Fogle is glad for her chance at a fresh start. A nurse and single mother of two, she blames her use of credit cards after cancer surgery for falling into deep debt. Ms. Fogle is broke, and may not seem to be the kind of person to whom banks would want to offer credit cards. But she said she had no sooner filed for bankruptcy, and sworn off...
  • Global/USA Crash Lurking?

    10/07/2005 10:49:13 AM PDT · by thinking4me · 23 replies · 1,131+ views ^ | 10/07/05 | comstockfunds
    (10/07) A High-Risk Market ...... Even before the twin hurricanes the consumer savings rate had turned negative, household debt was at record highs and home owners were using soaring home prices as huge ATM machines yielding hundreds of billions of dollars in cash. With housing prices starting to soften, energy prices still high and real wages under pressure, consumers’ ability to spend seems severely restricted in the period ahead. These trends have been further exacerbated by the two hurricanes that have created negative domino effects throughout the economy. So far consumers have felt the impact of higher gasoline prices, but...
  • Italy wonders if it is time to cut and run

    08/09/2005 2:05:50 AM PDT · by ScaniaBoy · 13 replies · 866+ views
    The Times ^ | August 08, 2005 | Anatole Kaletsky
    FOR those who are too young to remember, Divorce, Italian Style was a 1962 movie in which Marcello Mastroianni plays a Sicilian nobleman married to an ugly, bullying and financially ruinous harridan, from whom he wants desperately to disengage. Unfortunately, he has no legal way to do this since the Italian legal system made no provisions for divorce. His only recourse, therefore, is to kill his wife. This film is, of course, a perfect allegory for the Italian and European economies 40 years later. Italy today is under the thumb of an ugly, oppressive and financially ruinous harridan called the...
  • BIS warns on domestic and international debt (global crises)

    06/28/2005 10:14:21 AM PDT · by thinking4me · 2 replies · 1,421+ views
    FTimes ^ | 6/27/05 | By Chris Giles in London
    BIS warns on domestic and international debt By Chris Giles in London Published: June 27 2005 20:26 | Last updated: June 27 2005 20:26 Growing domestic and international debt has created the conditions for global economic and financial crises, the Bank for International Settlements warned on Monday. The Basel-based organisation's annual report said no one could predict if and when such international economic imbalances would unravel but “time might well be running out”. The warning by the world's oldest international financial institution the central bankers' bank was designed to puncture the complacency prevalent among economic policymakers after 2004's global growth,...
  • Strategic and Economic Blunders Litter Zoellick's Record

    02/15/2005 8:42:11 AM PST · by Willie Green · 11 replies · 625+ views
    AmericanEconomicAlert ^ | Monday, February 14, 2005 | Alan Tonelson
    For education and discussion only. Not for commercial use. The Senate Foreign Relations Committee's hearings on U.S. Trade Representative Robert Zoellick's nomination to be Deputy Secretary of State could be a milestone discussion of America's strategy in the war on terrorism. This opportunity will be lost, however, if Committee members don't start thinking seriously about the real relationships between economics and national security – supposedly Zoellick's specialty but in fact an emerging American diplomatic fiasco. Superficially, Zoellick does, as widely observed, boast impressive qualifications to serve as the nation's second-ranking diplomat. Thanks to a series of senior positions he has...

    08/16/2002 7:39:49 AM PDT · by Merchant Seaman · 735 replies · 30,137+ views
    Annoyed Reader
    The purpose of's multiple message boards is to limit the topics for each board to particular topics. Posting the same message on all the boards defeats the purpose of multiple-boards for special topics. It is very annoying to see the same message on every bulletin board. PLEASE! DO THE READERS A FAVOR. STOP CROSS-POSTING YOUR MESSAGES!
  • Federal Budget Deficit balloons to $326.6 billion so far in 2004

    07/13/2004 5:47:58 PM PDT · by Willie Green · 24 replies · 717+ views
    Centre Daily Times ^ | Tuesday, July 13, 2004 | JEANNINE AVERSA -- Associated Press
    WASHINGTON - The government's deficit ballooned to $326.6 billion in the first nine months of the 2004 budget year, according to a snapshot of U.S. balance sheets released Tuesday. That's more than 20 percent larger than the $269.7 billion shortfall for the corresponding period last year. For the current budget year which began Oct. 1, this spending has totaled $1.73 trillion, 6.4 percent more than the same period a year ago. Revenues came to $1.40 trillion, 3.5 percent more than the previous year. So far this year, the biggest spending categories are programs from the Health and Human Services Department,...
  • China to forgive Iraq debts

    02/05/2004 10:30:30 AM PST · by knighthawk · 33 replies · 219+ views
    BBC Monitoring ^ | February 05 2004 | Xinhua
    Beijing, 5 February: Chinese Foreign Ministry spokeswoman Zhang Qiyue reiterated that China has decided to forgive debts from Iraq here Thursday [5 February] at the regular press conference. The size of the debts to be forgiven is now being calculated and studied, Zhang added. As a developing country, China fully understands difficulties of the reconstruction and the humanitarian situation in Iraq, she explained, expressing her hope that the Iraqi people can quickly step on the road of stable and peaceful development. She stressed China attaches importance to the reconstruction in Iraq and expected the international community to strengthen cooperation in...
  • France pledges pursuit of amnesty for Iraq's debts

    12/15/2003 6:50:26 PM PST · by yonif · 9 replies · 264+ views
    ADN ^ | December 15, 2003 | Associated Press
    <p>PARIS (December 15, 3:50 p.m. AST) - France said Monday it will work with other nations to cancel billions of dollars in Iraqi debt and that Saddam Hussein's capture will open the way toward mending relations with Washington. Foreign Minister Dominique de Villepin of France, one of the most persuasive and persistent critics of the U.S. decision to wage war in Iraq, said he hopes the capture will allow the international community to "regain its unity."</p>
  • How Much Money Iraq Owes to Others

    04/12/2003 1:55:41 AM PDT · by TigerLikesRooster · 13 replies · 225+ views
    Dona-A Ilbo ^ | 04/11/03 | Koo Ja-Ryong, Koh Ki-Jung
    Iraq's Overall Financial Obligations Kuwait $97 billion Russia $64 billion Jordan $16.295 billion Saudi Arabia $14 billion Britain $8 billion Germany $6 billion Japan $5 billion France $4 billion S. Korea $1.2684 billion ...... Total $384.4684 billion Note: The figures here includes foreign debts, Gulf War compensation claims, and pending contracts. Source: Center for Strategic and International Studies(U.S.) and The Ministry of Construction and Traffic(S. Korea)
  • Iraq Promises to Pay Moscow Debt If UN Sanctions Lifted

    07/21/2002 5:16:35 PM PDT · by knighthawk · 6 replies · 187+ views
    Tehran Times ^ | July 22 2002
    MOSCOW -- Baghdad's ambassador to Moscow said Friday that Iraq would pay off its massive Soviet-era debt if the United Nations lifts the crippling sanctions on his country. "We are the only country which is leading negotiations on paying off (Soviet-era) debts," Ambassador Abbas Khalaf told Echo Moscow radio. "But of course under current conditions of sanctions against Iraq, paying off the debts is impossible," he said. Iraq was a Soviet benefactor that incurred nearly eight billion dollars in debts, and still sees Moscow as a key ally amid threats from Washington of a possible military assault aimed at unseating...