#financial-crisis

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#education

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The San Francisco Unified School District faces severe financial challenges, prompting candidates to propose urgent changes to improve education and enrollment.

Covid money boosted Chicago's schools. Now it's gone, and the city is in crisis.

Chicago Public Schools faces a financial crisis after relying on one-time federal funding for staffing, now lacking a clear plan to maintain operations.

The Guardian view on raising university fees: help for poorer students must be prioritised | Editorial

The increase in tuition fees for English students is a necessary response to the financial crisis facing universities.
Labour acknowledges the pressure on students amid rising tuition and is lowering fees for foundation year courses.

Editorial: San Jose school districts struggle to stay afloat - San Jose Spotlight

High cost of living in Santa Clara County leads to drastic declines in school enrollment, creating financial crises in local districts.

Money vs Currency | HackerNoon

The greatest wealth transfer in history is anticipated as financial systems crisis deepen; education on money and economics is crucial.

SFUSD officials say they'll again delay school closure announcement - until after election

San Francisco school district delays school closure announcement again, raising transparency concerns and signaling ongoing leadership challenges amidst financial instability.

7

The San Francisco Unified School District faces severe financial challenges, prompting candidates to propose urgent changes to improve education and enrollment.

Covid money boosted Chicago's schools. Now it's gone, and the city is in crisis.

Chicago Public Schools faces a financial crisis after relying on one-time federal funding for staffing, now lacking a clear plan to maintain operations.

The Guardian view on raising university fees: help for poorer students must be prioritised | Editorial

The increase in tuition fees for English students is a necessary response to the financial crisis facing universities.
Labour acknowledges the pressure on students amid rising tuition and is lowering fees for foundation year courses.

Editorial: San Jose school districts struggle to stay afloat - San Jose Spotlight

High cost of living in Santa Clara County leads to drastic declines in school enrollment, creating financial crises in local districts.

Money vs Currency | HackerNoon

The greatest wealth transfer in history is anticipated as financial systems crisis deepen; education on money and economics is crucial.

SFUSD officials say they'll again delay school closure announcement - until after election

San Francisco school district delays school closure announcement again, raising transparency concerns and signaling ongoing leadership challenges amidst financial instability.
moreeducation

Good Riddance, Martin Gruenberg

Martin Gruenberg's resignation from the FDIC is seen as a pivotal moment for the Bitcoin and crypto industry, paving the way for potential regulatory improvements.

Lyon's financial straits could see former West Ham and Nottingham Forest stars put up for sale

Lyon faces a potential relegation and transfer ban due to 400 million euros in debt, necessitating player sales to stabilize finances.
#oakland

Oakland accidentally published a report saying the city could face bankruptcy

Oakland faces a $93 million budget shortfall and must take immediate action to avoid insolvency.

Oakland officials to look at possible budget cuts in light of new report; could be $100M in the red

Oakland may face a nearly $100 million deficit by next summer due to potential budget cuts.

Bombshell report that warned of Oakland facing bankruptcy is deleted, replaced

Oakland is facing a significant financial crisis, with officials warning that a bankruptcy may be imminent if spending cuts are not implemented.

Oakland accidentally published a report saying the city could face bankruptcy

Oakland faces a $93 million budget shortfall and must take immediate action to avoid insolvency.

Oakland officials to look at possible budget cuts in light of new report; could be $100M in the red

Oakland may face a nearly $100 million deficit by next summer due to potential budget cuts.

Bombshell report that warned of Oakland facing bankruptcy is deleted, replaced

Oakland is facing a significant financial crisis, with officials warning that a bankruptcy may be imminent if spending cuts are not implemented.
moreoakland
#rudy-giuliani

Rudy Giuliani Now Reduced to Fighting to Keep His Refrigerator as He Battles Defamation Judgment and His Former Lawyers

Giuliani's legal troubles stem from his support of Trump's false election claims, leading to significant personal and professional consequences.

Ruby Freeman And Shaye Moss Win Right To Collect Giuliani's Unpaid Legal Bills From Trump Campaign

Rudy Giuliani faces severe financial repercussions due to false claims about poll workers that led to a record defamation judgment and ongoing collection actions.

Rudy Giuliani Now Reduced to Fighting to Keep His Refrigerator as He Battles Defamation Judgment and His Former Lawyers

Giuliani's legal troubles stem from his support of Trump's false election claims, leading to significant personal and professional consequences.

Ruby Freeman And Shaye Moss Win Right To Collect Giuliani's Unpaid Legal Bills From Trump Campaign

Rudy Giuliani faces severe financial repercussions due to false claims about poll workers that led to a record defamation judgment and ongoing collection actions.
morerudy-giuliani
from New York Post
5 days ago

NY Archdiocese lays off workers to pay for Catholic Church sex abuse scandal - and more may have to go

The Archdiocese of New York is laying off staff to address financial strains from the sex-abuse scandal, with potential further cuts anticipated.
#local-government

One in four English councils may seek bankruptcy bailout in next two years'

One in four English councils may go bankrupt without government bailout due to severe funding gaps affecting public services.

The streetlights going out over Britain tell a brutal story: austerity isn't over it's getting worse | John Harris

Local austerity is increasing as councils face financial pressures and cut essential services, impacting communities across the country.

New council leader warns of bankruptcy threat

Bristol council faces urgent financial challenges that could lead to bankruptcy without government intervention.

Library closure plan slammed as 'cost cutting exercise'

Enfield Council plans library closures to save costs amidst significant financial challenges, sparking debate over the effectiveness of their fiscal management.

One in four English councils may seek bankruptcy bailout in next two years'

One in four English councils may go bankrupt without government bailout due to severe funding gaps affecting public services.

The streetlights going out over Britain tell a brutal story: austerity isn't over it's getting worse | John Harris

Local austerity is increasing as councils face financial pressures and cut essential services, impacting communities across the country.

New council leader warns of bankruptcy threat

Bristol council faces urgent financial challenges that could lead to bankruptcy without government intervention.

Library closure plan slammed as 'cost cutting exercise'

Enfield Council plans library closures to save costs amidst significant financial challenges, sparking debate over the effectiveness of their fiscal management.
morelocal-government
#lebanon

Former Lebanese central bank governor charged with embezzling $42m in ongoing corruption probe

Lebanon has charged its former central bank governor with embezzlement, highlighting ongoing issues of corruption and financial mismanagement in the country.

Lebanon's former central bank governor detained in corruption probe

Former central bank governor Riad Salameh was detained amid corruption allegations linked to Lebanon's financial crisis and his controversial tenure.

Here's how it feels': how a Lebanese businessman lost everything in five years of turmoil and war

Ibrahim Abdallah's return to Lebanon from Dubai exemplifies the harsh realities faced by many during financial and political crises.

Former Lebanese central bank governor charged with embezzling $42m in ongoing corruption probe

Lebanon has charged its former central bank governor with embezzlement, highlighting ongoing issues of corruption and financial mismanagement in the country.

Lebanon's former central bank governor detained in corruption probe

Former central bank governor Riad Salameh was detained amid corruption allegations linked to Lebanon's financial crisis and his controversial tenure.

Here's how it feels': how a Lebanese businessman lost everything in five years of turmoil and war

Ibrahim Abdallah's return to Lebanon from Dubai exemplifies the harsh realities faced by many during financial and political crises.
morelebanon
#housing-market

Credit data shows no housing crash

The current housing market is stable and not at risk of crashing as it was in 2008.

Home prices almost never go down

Home prices in the U.S. have generally risen over the past 75 years with very few exceptions.

Credit data shows no housing crash

The current housing market is stable and not at risk of crashing as it was in 2008.

Home prices almost never go down

Home prices in the U.S. have generally risen over the past 75 years with very few exceptions.
morehousing-market

Natwest buys back 1bn in shares from Treasury as government stake drops to 11%

NatWest's buyback reduces government ownership to over 11%, indicating steady progress towards full privatisation.

Government expected to help UK hospices hit by national insurance rise

The hospice sector is at financial risk due to national insurance and wage increases, prompting government consideration of financial aid.

This Could Be the Next "Big Short" Trade

The rising auto loan delinquencies, especially among subprime borrowers, may lead to serious economic ramifications akin to the 2008 financial crisis.

Publican secures 50m debt deal from High Court

John Gaffney's €54.6 million debt is largely written off, allowing him to keep his home under personal insolvency legislation.
#inverness-caledonian-thistle

Caley Thistle administrators receive 20 takeover inquiries

Inverness Caledonian Thistle has received significant interest with 20 inquiries for potential buyers amid its financial struggles.

Ferguson working for free to help save Caley Thistle

Duncan Ferguson is voluntarily working for free to help avoid administration for Inverness Caledonian Thistle during a financial crisis.

Troubled Inverness in talks with potential investor

Inverness Caledonian Thistle is negotiating with an investor to avoid administration, seeking to raise 200,000 through crowdfunding.

'15-point deduction would more than certainly relegate us'

Inverness Caledonian Thistle faces a severe financial crisis that could lead to administration and a 15-point penalty, complicating their bid for survival.

Inverness Caley Thistle goes into administration

Inverness Caledonian Thistle is in administration, risking relegation and job losses as it seeks new ownership to survive.

Caley Thistle administrators receive 20 takeover inquiries

Inverness Caledonian Thistle has received significant interest with 20 inquiries for potential buyers amid its financial struggles.

Ferguson working for free to help save Caley Thistle

Duncan Ferguson is voluntarily working for free to help avoid administration for Inverness Caledonian Thistle during a financial crisis.

Troubled Inverness in talks with potential investor

Inverness Caledonian Thistle is negotiating with an investor to avoid administration, seeking to raise 200,000 through crowdfunding.

'15-point deduction would more than certainly relegate us'

Inverness Caledonian Thistle faces a severe financial crisis that could lead to administration and a 15-point penalty, complicating their bid for survival.

Inverness Caley Thistle goes into administration

Inverness Caledonian Thistle is in administration, risking relegation and job losses as it seeks new ownership to survive.
moreinverness-caledonian-thistle
#higher-education

Starmer increases university tuition fees for first time in eight years

The Independent champions accessible journalism while reporting on critical issues like education reform and financial crises in universities.

English universities offer to curb foreign students if they can raise tuition fees

Universities propose managed growth of overseas students in exchange for higher tuition fees and government support to address financial challenges.

Universities are not just businesses, but an investment in future generations

UK universities are in a financial crisis due to inflation, frozen fees, and government policies treating education as a private business.

UK university departments on the brink as higher-education funding crisis deepens

The University of Hull's chemistry department faces closure due to insufficient student enrollment and funding issues.

Bankrupt and ravaged by student mental illness, Britain's universities are badly in need of reform | Simon Jenkins

Britain's universities face a financial crisis with increasing deficits, declining foreign student enrollment, and a troubling mental health situation among students.

University fees in England to rise next autumn for first time in eight years

University tuition fees in England will increase for the first time in eight years, potentially reaching 9,500 in October 2025.

Starmer increases university tuition fees for first time in eight years

The Independent champions accessible journalism while reporting on critical issues like education reform and financial crises in universities.

English universities offer to curb foreign students if they can raise tuition fees

Universities propose managed growth of overseas students in exchange for higher tuition fees and government support to address financial challenges.

Universities are not just businesses, but an investment in future generations

UK universities are in a financial crisis due to inflation, frozen fees, and government policies treating education as a private business.

UK university departments on the brink as higher-education funding crisis deepens

The University of Hull's chemistry department faces closure due to insufficient student enrollment and funding issues.

Bankrupt and ravaged by student mental illness, Britain's universities are badly in need of reform | Simon Jenkins

Britain's universities face a financial crisis with increasing deficits, declining foreign student enrollment, and a troubling mental health situation among students.

University fees in England to rise next autumn for first time in eight years

University tuition fees in England will increase for the first time in eight years, potentially reaching 9,500 in October 2025.
morehigher-education
#healthcare

CEO of Miami hospitals ignores subpoena from Congress. What happens now?

Dr. Ralph de la Torre may face contempt charges for ignoring a subpoena from Congress regarding Steward Health's financial issues.

'Like it was abandoned.' Can new owner help fix the problems at this Hialeah hospital?

Palmetto General Hospital faces significant operational challenges due to financial mismanagement and staff shortages, raising doubts about its future viability.

CEO of Miami hospitals ignores subpoena from Congress. What happens now?

Dr. Ralph de la Torre may face contempt charges for ignoring a subpoena from Congress regarding Steward Health's financial issues.

'Like it was abandoned.' Can new owner help fix the problems at this Hialeah hospital?

Palmetto General Hospital faces significant operational challenges due to financial mismanagement and staff shortages, raising doubts about its future viability.
morehealthcare

Amid financial crisis, candidates run for Portola Valley council

Portola Valley is facing a financial crisis and needs new council members to address issues like housing and budget management.

Gen X believes retirement will require a paycheck just as big or bigger than today's

Generation X faces a retirement savings crisis, lacking adequate funds and planning as they approach their 60s.

Great white hope of EU capital market plans a bust, think tank says

Reviving securitisation could risk taxpayer money without effectively increasing lending, as per Finance Watch's report.
#presidential-impact

Does the American economy care who is president? DW 10/21/2024

U.S. economy influenced by global events and presidential decisions, showing leadership alone can't dictate economic outcomes.

Obama, Trump, Biden: Presidential impact on the US economy DW 10/21/2024

Global events and demographics drive the economy more than presidential policies alone.

Does the American economy care who is president? DW 10/21/2024

U.S. economy influenced by global events and presidential decisions, showing leadership alone can't dictate economic outcomes.

Obama, Trump, Biden: Presidential impact on the US economy DW 10/21/2024

Global events and demographics drive the economy more than presidential policies alone.
morepresidential-impact

Girl Scout membership fees are jumping from $25 to $65 per year

Girl Scouts' membership fees will increase by 160% over two years to combat significant financial losses.

Incoming BART board director Barnali Ghosh: Trains should be 'reliable, frequent, clean and safe'

BART Director-elect Barnali Ghosh is tasked with addressing significant financial challenges facing the transit agency. New revenue sources are critical for sustainability.

'I fear I'll never see most of my money again': Scale of struggling Solar 21 investor exposure put at 370m

Solar 21 owes €370 million to 4,000 investors, raising concerns about repayment.
Investors fear losing substantial financial contributions, impacting personal inheritances.
#kamala-harris

How Beau Biden Set the Stage For Kamala Harris' Stunning Political Rise

Kamala Harris and Beau Biden's partnership was pivotal in tackling predatory banking practices during the 2008 financial crisis.

How Ohio Cities Showed Kamala Harris the Way Forward on Medical Debt

Medical debt affects 41% of working-age Americans, significantly impacting financial stability.
Kamala Harris has a plan for federal medical debt forgiveness, highlighting its necessity.

How Beau Biden Set the Stage For Kamala Harris' Stunning Political Rise

Kamala Harris and Beau Biden's partnership was pivotal in tackling predatory banking practices during the 2008 financial crisis.

How Ohio Cities Showed Kamala Harris the Way Forward on Medical Debt

Medical debt affects 41% of working-age Americans, significantly impacting financial stability.
Kamala Harris has a plan for federal medical debt forgiveness, highlighting its necessity.
morekamala-harris
#northvolt

Northvolt unit files for bankruptcy as expansion plans halt

Northvolt AB is seeking bankruptcy protection to deal with a serious liquidity crisis affecting its expansion plans.

Northvolt confirms layoffs of more than 400 white-collar workers

Northvolt is experiencing significant layoffs due to financial pressures and market competition, impacting over 300 white-collar workers across various locations.

OPINION: Sweden needs to reconsider 'three-month deadline' for laid-off non-EU workers

Northvolt's layoffs highlight the urgency of protecting work permit holders amid the company's financial struggles.

Northvolt unit files for bankruptcy as expansion plans halt

Northvolt AB is seeking bankruptcy protection to deal with a serious liquidity crisis affecting its expansion plans.

Northvolt confirms layoffs of more than 400 white-collar workers

Northvolt is experiencing significant layoffs due to financial pressures and market competition, impacting over 300 white-collar workers across various locations.

OPINION: Sweden needs to reconsider 'three-month deadline' for laid-off non-EU workers

Northvolt's layoffs highlight the urgency of protecting work permit holders amid the company's financial struggles.
morenorthvolt
#boeing

Boeing shores up finances even as striking workers rally

Boeing seeks to raise liquidity amid financial struggles through stock and debt offerings, but analysts express skepticism about short-term solutions.

Boeing Freezes Hiring as Crisis Deepens

Boeing faces multiple crises, including a significant strike and ongoing scrutiny over safety practices, threatening its recovery and financial stability.

Boeing to cut 17,000 jobs amid worker strike and crisis over plane safety

Boeing is cutting 17,000 jobs to realign with financial realities amid strikes and safety crises.

Boeing shores up finances even as striking workers rally

Boeing seeks to raise liquidity amid financial struggles through stock and debt offerings, but analysts express skepticism about short-term solutions.

Boeing Freezes Hiring as Crisis Deepens

Boeing faces multiple crises, including a significant strike and ongoing scrutiny over safety practices, threatening its recovery and financial stability.

Boeing to cut 17,000 jobs amid worker strike and crisis over plane safety

Boeing is cutting 17,000 jobs to realign with financial realities amid strikes and safety crises.
moreboeing

Popular Shanahan's on the Green announces shock 'temporary' closure

Shanahan's restaurant is facing severe financial issues, with frozen bank accounts and challenges stemming from the pandemic and ongoing construction work.
from Business Insider
1 month ago

Global government borrowing is set to top $100 trillion - and shows no signs of slowing down

Global public debt is projected to exceed $100 trillion, raising risks of a financial crisis.
Key factors include political uncertainty, spending pressures, and resistance to tax increases.
#legal-issues

Sean Combs' once-lucrative business empire is drying up. Here's where it stands.

Sean Combs' business empire has suffered drastically due to serious accusations, leading to diminished income streams and potential loss of assets.

Dozens of condo buyers who lost millions in Kapoor's Miami Beach project seek judge's help

The legal troubles surrounding URBIN LLC jeopardize the investments of home buyers, leading to significant financial distress for many individuals like the Carmona couple.

Sean Combs' once-lucrative business empire is drying up. Here's where it stands.

Sean Combs' business empire has suffered drastically due to serious accusations, leading to diminished income streams and potential loss of assets.

Dozens of condo buyers who lost millions in Kapoor's Miami Beach project seek judge's help

The legal troubles surrounding URBIN LLC jeopardize the investments of home buyers, leading to significant financial distress for many individuals like the Carmona couple.
morelegal-issues

Antisemitism festers in blue states, board of ed in revolt and other commentary

Antisemitism is notably increasing in blue states post-October 7 attack, contrasting with more controlled situations in red states.
The Chicago Board of Education's complete resignation reflects deeper financial irresponsibilities in the city's administration.
from english.elpais.com
1 month ago

Manipulation, greed and power: The untold story of Opus Dei

Opus Dei poses a threat to its members and society, as revealed by Gareth Gore's investigation in his book Opus.
#community-impact

After Marcus Foster Education Institute crisis, Oakland nonprofits are sharing cautionary tales about fiscal sponsorship

The Marcus Foster Education Institute is facing significant operational challenges and trust issues after a financial crisis.

'We can't deliver services like libraries without adequate government funding'

The authority struggles financially and faces possible library closures due to inadequate government funding.

After Marcus Foster Education Institute crisis, Oakland nonprofits are sharing cautionary tales about fiscal sponsorship

The Marcus Foster Education Institute is facing significant operational challenges and trust issues after a financial crisis.

'We can't deliver services like libraries without adequate government funding'

The authority struggles financially and faces possible library closures due to inadequate government funding.
morecommunity-impact
from www.npr.org
1 month ago

It's harder to pay and travel for abortion care, but support funds are struggling

Abortion funds are facing a financial crisis as demand for assistance grows, outpacing available resources.

Two weeks to save Inverness Caley Thistle, says club

ICTFC plans to raise £200,000 in two weeks to avoid administration as debts grow with looming insolvency risks.
#debt-restructuring

Longtime China bull Ray Dalio says Beijing now has to chose between 'beautiful deleveraging' and economic malaise

Chinese equities are experiencing significant growth due to recent government stimulus aimed at reviving the economy and stabilizing the property market.

Thames Water trying to stay afloat by rewriting loan deals, says source

Thames Water is negotiating with lenders to avoid financial collapse as it faces £15 billion in debt and dwindling cash reserves.

Longtime China bull Ray Dalio says Beijing now has to chose between 'beautiful deleveraging' and economic malaise

Chinese equities are experiencing significant growth due to recent government stimulus aimed at reviving the economy and stabilizing the property market.

Thames Water trying to stay afloat by rewriting loan deals, says source

Thames Water is negotiating with lenders to avoid financial collapse as it faces £15 billion in debt and dwindling cash reserves.
moredebt-restructuring

Talks Between European Banks May Kick-Start More Cross-Border Deals

UniCredit's acquisition of a stake in Commerzbank may lead to a significant cross-border banking deal in Europe, amid political challenges.

A key US consumer indicator has dipped to 'crisis levels,' SocGen says

The US personal savings rate has fallen below 3%, signaling potential economic weakness and a warning for investors.

The Fed Must Have Confident Consumers

The Federal Reserve prioritizes maintaining consumer confidence to prevent economic chaos.
#dundalk-fc

Daniel McDonnell: Inside the 48 hours that brought Dundalk back from the brink

Dundalk FC's potential liquidation represents a critical crisis in Irish football history, raising urgent concerns among stakeholders.

Dundalk admit 'next 24 hours is a critical time for the club' as they battle for survival

Dundalk FC faces a critical financial crisis that could threaten its future and impact the league significantly.

Deal to save Dundalk almost complete as Brian Ainscough weighs up two live options

Dundalk FC is in a crisis, seeking new investment amidst significant debts, with John Temple's group showing renewed interest in a takeover.

Daniel McDonnell: Inside the 48 hours that brought Dundalk back from the brink

Dundalk FC's potential liquidation represents a critical crisis in Irish football history, raising urgent concerns among stakeholders.

Dundalk admit 'next 24 hours is a critical time for the club' as they battle for survival

Dundalk FC faces a critical financial crisis that could threaten its future and impact the league significantly.

Deal to save Dundalk almost complete as Brian Ainscough weighs up two live options

Dundalk FC is in a crisis, seeking new investment amidst significant debts, with John Temple's group showing renewed interest in a takeover.
moredundalk-fc

After losing his job 15 years ago, a single dad started flipping cellphones on eBay. He turned the hustle into a six-figure monthly reselling business and plans to retire at 40.

Single dad Richard S. turned to reselling electronics on eBay after losing his job in 2008, later pivoting to clothing for greater profits.

As Sri Lanka votes, a $2.9bn IMF loan looms large

The upcoming presidential election in Sri Lanka focuses on economic recovery and responses to austerity measures imposed by the IMF.

Today in History: September 19, state funeral of Queen Elizabeth II

The state funeral of Queen Elizabeth II on September 19, 2022, symbolized global respect and acknowledgment of her lifelong service.

Sunsundegui has initiated pre-bankruptcy proceedings

Sunsundegui has initiated pre-bankruptcy proceedings due to severe liquidity issues and significant debt.

Dundalk takeover deal complete as troubled club is rescued - for this season at least

Dundalk's takeover by John Temple averts imminent liquidation, ensuring player wages are covered and exploring future club viability.

Why America is a Nation of Growing Inequality and Diminishing Returns | Entrepreneur

America is facing a necessary economic correction with rising financial distress among higher-income earners and millennials prevailing.

Looming Insurance Crisis Threatens Taxis and Ubers in New York City

American Transit Insurance Company's insolvency poses a risk to NYC's taxi and ride-share industry, threatening service levels and financial stability for drivers and passengers.
from www.mercurynews.com
2 months ago

Today in History: September 15, 4 young girls killed in Birmingham church bombing

The 16th Street Baptist Church bombing marked a pivotal moment in the civil rights movement, underlining racial violence in America.

La Pena Cultural Center is facing a financial crisis

La Pena Cultural Center's 50th anniversary highlights its vital role in preserving Chilean culture amid financial hardships.
#investment

Brian Moynihan isn't pressing Warren Buffett on his sale of Bank of America shares

Buffett's investment in BofA not only supported the bank post-crisis but also yielded significant returns, up 446% since his 2011 buy.

'Big Short' investor Steve Eisman explains why he refuses to predict another financial crisis

Steve Eisman believes a financial crisis is not imminent and discourages constant doomsday predictions regarding the economy.

Brian Moynihan isn't pressing Warren Buffett on his sale of Bank of America shares

Buffett's investment in BofA not only supported the bank post-crisis but also yielded significant returns, up 446% since his 2011 buy.

'Big Short' investor Steve Eisman explains why he refuses to predict another financial crisis

Steve Eisman believes a financial crisis is not imminent and discourages constant doomsday predictions regarding the economy.
moreinvestment

Swedish Connect Bus cancels order for 47 Ebusco e-buses amid delivery delays

Connect Bus is switching suppliers due to Ebusco's delivery delays and is seeking compensation.
Ebusco faces financial distress with increased losses and concerns about potential insolvency.

Oakland author takes unflinching look at student debt crisis, but offers solutions

Ryann Liebenthal's work highlights critical flaws in student loan forgiveness programs, revealing systemic barriers that leave many graduates deeply in debt.

Choppy waters ahead for the art market

Sotheby's experienced an 88% drop in core earnings, reflecting a wider trend of declining auction sales in the art market.

Councils in England draining reserves to stay afloat, leaders say

Many local authorities are draining financial reserves to maintain services amidst rising costs and inflation, facing potential bankruptcy.

The Surprising Origins and Politics of Equality

The response to the 2008 financial crisis ignited a significant awareness and critique of inequality in the United States.

California College of the Arts contemplates major changes amid $20m deficit

CCA faces a $20 million budget deficit and plummeting enrollment, leading to discussions of layoffs and realigning course offerings to boost numbers.

Postal Service Overhaul Runs Into Challenges

The U.S. Postal Service's financial recovery plan has faltered, resulting in significant losses and service issues.

Home Office criticised over woefully' understated Tory asylum budgets

The Home Office has been accused of under-reporting asylum costs, revealing a hidden financial crisis inherited by the new Labour government.
#fare-evasion

Why the M.T.A. Is Worried About Fare Evaders on Buses

Fare evasion on city buses is rising sharply, with 48% of riders skipping fares in early 2024, significantly impacting M.T.A. revenue.

Why the M.T.A. Is Worried About Fare Evaders on Buses

Fare evasion on city buses has surged to 48% in early 2024, significantly impacting the M.T.A.'s financial stability.

Why the M.T.A. Is Worried About Fare Evaders on Buses

Fare evasion on city buses is rising sharply, with 48% of riders skipping fares in early 2024, significantly impacting M.T.A. revenue.

Why the M.T.A. Is Worried About Fare Evaders on Buses

Fare evasion on city buses has surged to 48% in early 2024, significantly impacting the M.T.A.'s financial stability.
morefare-evasion

As He Realized His Mistake, Elon Musk Begged Twitter Staff to Turn Off the New Feature He'd Pushed For

Musk's verification scheme led to chaos, impersonation, and advertiser abandonment, exacerbating Twitter's financial difficulties.

I Couldn't Afford to Retire in the U.S. so I Moved to Spain at 70 Years Old - How I Did It

The author discovered a fulfilling life in Madrid after searching for an affordable retirement destination.

Birmingham MPs call for council cuts to be halted over financial data concerns

Concerns raised over Birmingham Council's drastic cuts due to potentially overstated financial crisis, prompting calls for review and public inquiry.
#surat

How Russia's war in Ukraine triggered suicides in India DW 08/21/2024

The war in Ukraine has drastically impacted Surat's diamond industry, resulting in job losses and rising suicide rates among workers.

How Russia's war in Ukraine led to suicides in India DW 08/21/2024

The Ukraine war has led to a financial crisis in Surat, India, significantly impacting its vital diamond industry.

How Russia's war in Ukraine triggered suicides in India DW 08/21/2024

The war in Ukraine has drastically impacted Surat's diamond industry, resulting in job losses and rising suicide rates among workers.

How Russia's war in Ukraine led to suicides in India DW 08/21/2024

The Ukraine war has led to a financial crisis in Surat, India, significantly impacting its vital diamond industry.
moresurat

Canadian export agency hit by big losses after lending to Thames Water'

EDC is facing substantial losses after lending to debt-ridden Thames Water, as financial struggles intensify within the utility.
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