The OPEC+ alliance plans to cut oil production by two-million barrels per day. They reached the agreement in Vienna today. The U.S. national debt has reached a record high according to a new report this week. The National debt has increased by over 30-percent since the pandemic started. Arizona’s Democratic gubernatorial candidate is declining to…
OPEC+ to Cut Crude Output by 2M Barrels Per Day; AZ Gubernatorial Candidate Declines to Debate | NTD News Today
US Debt Tops $31 Trillion for First Time Ever on Biden Admin Spending Spree
The national debt of the United States has surpassed $31 trillion for the first time in history, according to Treasury Department data published on Oct. 4. Data showed that the total national debt was $31.123 trillion as of Oct. 3, after passing the $30 trillion mark just nine months ago in late January. President Joe Biden and Congress increased government…
3 Steps to Lower the Cost of Your Debt
Does the thought of dealing with your debt make you want to go back to bed? More than 1 in 5 Americans (22 percent) are likely to put off creating a debt payoff plan, according to a June 2022 survey from NerdWallet conducted online by The Harris Poll. That’s a lot of procrastination, and it’s…
How to Help Loved Ones Deal With Debt
Juan Pinon, an electrical engineer in McAllen, Texas, struggled with credit card debt for years. It wasn’t until he confided in his sister that he began to turn things around. “It just so happened that one day I opened up to my sister, and she confessed to me that she had debt issues and was…
The Pain and Pleasure Principle
I don’t care much for pain. In fact, I’ll do almost anything to avoid it. I also know that pain can be a good thing. The human nervous system triggers a sensation of pain to stop us from doing something that might cause a severe injury and to let us know that something may be…
Personal Finance for Newbies
Managing your personal finances involves managing both short- and long-term aspects of your finances. It also refers to an industry that offers products and services to help individuals manage their finances and investments. But, if you’re new to personal finance, all that may not mean much to you. So, let’s explain why personal finance is…
How to Manage Debt in Retirement
If not carefully managed, debt can shackle a retiree, but if carefully managed, debt can also be a powerful financial tool. You can make it work in your favor throughout retirement. However, if you want to make the most of debt advantages, and minimize debt advantages, you need to understand exactly how debt works, and…
Are You Making Mistakes While Trying to Get Out of Debt?
One of the best things you can do for yourself is to get out of debt. Besides feeling greater freedom without a constant financial burden hanging over your head, you also have the liberty to buy some things you have always wanted. Getting out of debt is not always easy, but it will be even…
Debt—and Why the Fed Is Trapped
September 19, 2022
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Commentary The massive debt levels provide the single most significant risk and challenge to the Federal Reserve. It is also why the Fed is desperate to return inflation to low levels, even if it means weaker economic growth. Such was a point previously made by Jerome Powell: “We need to act now, forthrightly, strongly as…
Zambia’s Bondholders Slam IMF Debt Relief Targets as ‘Arbitrary’
LONDON—Zambia’s international bondholders have criticized the International Monetary Fund’s debt restructuring framework as “arbitrary” and for excluding the country’s domestic debt. Zambia has been in default for almost two years and an IMF Debt Sustainability Analysis published last week called for its debt-service-to-exports ratio to be cut to a 140 percent “threshold” from 153 percent…
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