Labour urged to lead global debt relief effort as cost of repayments soars

Campaigners are urging Labour to lead the charge for global debt relief in 2025, as new analysis shows lower-income countries spent 15% of their revenue on repayments this year – the highest level for three decades. Calculations by the charity Debt Justice …

Short-term pvt external debt dips to $10.52b in October

Corporate external borrowing continues to fall amid economic slowdown with the stock of short-term overseas debt having dropped to $10.52 billion in October last. Officials and money-market analysts termed such continuous decline in private-sector foreign …

We must support President Trump’s efforts to cut our debt

Congressman Daniel Webster Every year since being elected, I have rolled back my salary, personally returning a check to the U.S. Treasury to set an example and help pay down our national debt. Families across America are grappling with inflation, the …

Our national debt is beyond comprehension

How massive is a trillion dollars? Consider this comparison from ThoughtCo — if you earn $45,000 a year, it would take you: – 22 years to amass $1 million dollars – 22 thousand years to amass $1 billion dollars – 22 million years to amass $1 trillion …

US debt ceiling crisis shows limits of Trump's control over Congress

Palestine and Global Crisis: Why Genocide?  Why Now?

“Genocides are never declared in advance,” warned Adila Hassim of the South African legal team in her opening statements before the International Court of Justice (ICJ), convened in January 2024 to hear the charge against Israel for the Crime of Genocide, …

B'dos closes debt-for-climate loan, says CIBC

Bar­ba­dos has com­plet­ed an un­prece­dent­ed debt-for-cli­mate op­er­a­tion to fi­nance wa­ter and sewage projects re­silient to cli­mate change. In a news re­lease, CIBC Caribbean said through sup­port from its in­ter­na­tion­al fund­ing part­ners, …

Ecuador’s debt for nature swap: Innovative bond restructuring – lessons for Sri Lanka

The Galapagos debt-for-nature swap highlights the importance of environmental conservation and sustainable economic growth  Sri Lanka unilaterally defaulted on its external debt in April 2022, exposing its long-standing economic and financial …

America’s Unsolvable Spending Crisis: Brace for Impact

Last week brought another balance-the-budget charade to the American people, ending with another fiscal SNAFU – Situation Normal, All…yeah, you know.  It’s a form of glorious national codependency where the American people blame Washington for the …

Zohran Mamdani is Running on Bold Solutions to New York’s Cost-of-Living Crisis

Late on a frigid Saturday afternoon in December, ­Assemblymember Zohran Mamdani climbed up on a bench and looked over a crowd of around 20 protesters. Midtown’s empty glass office towers rose high above him. To his side was a statue of an early-20th- …