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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: debt

debt stories: 103 news summaries

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Obama Willing to Help Bail Clinton Out of $20M Debt

Peace offering from victorious Dem could help come November, too

Jun 5, 08 12:42 PM CDT
(Newser) - Barack Obama might ask his supporters to help Hillary Clinton pay off her campaign debt, Bloomberg reports. Clinton has accrued more than $20 million, $11.4 million of which she personally contributed. Under a campaign-finance law (co-sponsored by John McCain) she has until August's Democratic convention to raise money to... More »

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Barack Obama • Hillary Clinton • debt • campaign funds • campaign fundraising • campaign

Quick-Fix Cash Schemes Find More Takers

Reverse mortgages, insurance buyouts   among risky moves

Jun 2, 08 10:21 AM CDT
(Newser) - Big banks aren’t the only ones struggling to find the cash to keep going. Americans are feeling the pinch, and grabbing cash anywhere they can find it, the Wall Street Journal reports. Credit-card debts remains high, but more are turning to options that bring a quick infusion of cash... More »

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personal finance • debt • 401k • consumer debt • life insurance • cash flow • reverse mortgage

Rebate Checks Go to Gas, Food, Looming Debt

Extravagant spending sprees at the mall?
Not so much

Jun 1, 08 9:44 AM CDT
(Newser) - Rather than the gluttonous splurge on flat-screen TVs and foreign vacations that Uncle Sam had envisioned, most Americans are plunking their rebate checks down on exorbitant gas and food costs--and their mounting debt. “The initial sense is that people are not running out the malls,” one economist told... More »

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debt • recession • consumer spending • spending • gas prices • food prices • economic stimulus package • tax rebate

Analysis

 6 Routes Off Into the Sunset 

Politico scribe sets out possible paths for Clinton between now and Aug.

May 12, 08 1:50 PM CDT
(Newser) - With Hillary Clinton’s chances of beating her rival all but shot, Ben Smith, on Politico, runs down the graceful and non-graceful ways to exit:
  • Never say die: If Clinton can stomach shrinking coffers and departing supporters, she can bide time until the convention, ensuring that lightning hasn’t
... More »

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Nancy Pelosi • Barack Obama • Hillary Clinton • Al Gore • Charles Schumer • Harry Reid • New York • debt

analysis

 Maybe She's
 Looking
 to Bargain 

Help with campaign debt among the possibilities

May 9, 08 4:58 PM CDT
(Newser) - Hillary Clinton’s tactics have been especially divisive in the last few days, and Katharine Q. Seelye writes in the Times that maybe she’s “veering into dangerous territory” to force her rival to bargain. Some suggestions on what she wants from him: More »

MORE ABOUT:
Hillary Clinton • debt • Michigan primary • Florida primary

Fritzl Owes Millions, Further Clouding Kids' Future

Family living in clinic won't see funds from his property

May 4, 08 9:22 AM CDT
(Newser) - Dungeon dad Josef Fritzl is millions of euros in debt, adding to the challenge of his daughter’s recovery from years of sexual abuse and imprisonment, and the children's painful adaptation to the outside world, the Guardian reports. Now in a clinic near their old home, the family’s recuperation... More »

MORE ABOUT:
rape • sexual abuse • debt • recovery • incest • Josef Fritzl • Elisabeth Fritzl

Celebrity Foreclosure:
Canseco's Out at Home

Former baseball star forced to move into smaller home

May 1, 08 9:09 PM CDT
(Newser) - It can happen to the rich and famous, too: Jose Canseco's mansion is in foreclosure, and he's had to move into more modest digs, Inside Edition reports. Canseco owed more than $2.5 million on the California property his neighbors called the "hotel." He made $30 million in... More »

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foreclosure • mortgage • debt • Jose Canseco • Washington Mutual • mortgage loans • mortgage debt • mortgage lender • subprime crisis • mortgage defaults

Restaurants Hungry for Economic Recovery

Rising food costs, tight credit cut into profits

Apr 24, 08 1:04 PM CDT
(Newser) - Rising costs, tightening credit, and trimmed consumer spending are giving restaurateurs indigestion as they struggle with a slowdown the industry says is its worst in decades, reports the Wall Street Journal. A spate of bankruptcy filings and woeful earnings reports have chains slowing expansion and cutting amenities. With a... More »

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McDonald's • debt • restaurant • food prices • restaurateurs • Bakers Square

Surprise Rate Hike Will Soon Rattle US Borrowers

Yardstick London interest rate jumps

Apr 19, 08 5:04 AM CDT
(Newser) - A surprise hike in a widely used interest rate is expected to soon send many US borrowers reeling, the Wall Street Journal warns. The London interbank offered rate, a yardstick for financial instruments including resettable mortgages, jumped sharply yesterday. The increase, a signal that banks are becoming more cautious about... More »

MORE ABOUT:
debt • mortgage rates • interest rate • banking • British Bankers Association

 Eurotunnel Boasts First Profit 

Debt-plagued cross-Channel rail company sees light at the end of the tunnel

Apr 8, 08 7:19 AM CDT
(Newser) - Eurotunnel is in the black for the first time since the France-England tunnel opened in 1994, the BBC reports. The company says it has turned the corner after many troubled years, helped by a sweeping debt restructuring plan and the opening of a new high-speed rail link on the British... More »

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London • debt • Paris • train • Eurostar • Channel Tunnel • Eurotunnel

 Clinton Ends Feb. $8.7M in Debt 

Aides explain much of it as paperwork matter

Apr 1, 08 11:06 AM CDT
(Newser) - Hillary Clinton had $8.7 million in debt at the end of February, including roughly $300,000 in unpaid health insurance invoices for her staff and $3,100 from her own high school alma mater, where she held a campaign event. Barack Obama notched only $625,058 in debt, reports... More »

MORE ABOUT:
Barack Obama • Hillary Clinton • campaign finance • Pennsylvania • debt • campaign contributions • Democratic nomination • political donations • alma mater

More Afghan Families Using Girls to Pay Debt

Farmers hit by crop woes give daughters
as 'opium brides'

Mar 30, 08 6:24 PM CDT
(Newser) - Besieged by debt, more Afghan farmers are paying lenders by handing over their girls as "loan brides," Newsweek reports. Often taken from their families forever, the girls—some younger than 5 years old—are commonly beaten or pushed to suicide by their fate. "My heart is still... More »

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Afghanistan • War on Drugs • drugs • marriage • debt • opium • poppies • arranged marriage • dowry

Credit Crunch Ups Price of College Loans

Federal, private lenders will raise rates, increase rejections

Mar 3, 08 2:40 PM CST
(Newser) - Even as college costs soar, the credit crunch is about to make student loans more expensive—and tougher to come by. Fees for federally guaranteed loans, which offer below-market rates, are expected to rise, and some states have dropped out of the program. At least a dozen private firms have... More »

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education • debt • college • university • credit crisis • subprime crisis • college costs • student debt • federal loans • Stafford loan

Feds Ponder Rescue Plans as Housing Slump Worsens

More than 10% of homeowners are 'upside down' on mortgages

Feb 22, 08 12:05 PM CST
(Newser) - With one in 10 US homeowners owing more on their homes than they’re worth, the highest proportion of negative-equity loans since the Depression, the government is weighing plans that would apply the brakes to the rapidly accelerating housing market collapse, the New York Times reports. Possibilities include federal loan... More »

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subprime mortgages • debt • mortgage debt • Federal government • housing crisis • subprime crisis • negative equity

Americans
Drive Cycle
of Auto Debt

New cars tempt buyers into larger, longer loans that outlast the vehicle

Dec 31, 07 9:25 AM CST
(Newser) - More and more Americans are entering a cycle of larger, longer, and far riskier auto loans, raising the possibility of a debt crisis similar to the one that has hit the housing market. The Los Angeles Times explores the increasing trend of trading in a used car for a new... More »

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Detroit • debt • credit • credit crisis • auto loans

Americans Falling Behind on Credit Cards

Amount overdue on
US accounts surged
26% in October

Dec 23, 07 10:35 PM CST
(Newser) - It’s already looking like an iffy New Year for many credit-card holders: the number of Americans falling behind on their payments spiked sharply this year and analysts don’t expect 2008 to be much brighter. The value of credit card accounts at least 30 days late surged 26% in... More »

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Bank of America • Federal Reserve • subprime mortgages • debt • credit card • Capital One • job market • default • Discover • home equity loans • refinanced mortgages • JPMorgan Chase

Gen Xers Aren't Saving
for Retirement

Too many still living paycheck
to paycheck, one expert warns

Nov 10, 07 7:42 AM CST
(Newser) - Aging Gen Xers are too saddled with costs and debt to save for retirement, MSNBC reports. In fact, 62% of Gen Xers—those born roughly from 1965 to 1980—said they still live paycheck to paycheck, according to a Charles Schwab survey. And they’re headed for trouble: The fund... More »

MORE ABOUT:
education • retirement • mortgage • debt • Generation X • Social Security • savings

Plastic May Pose Next Big Threat to Economy

Experts expect credit card trouble to track mortgage woes

Aug 26, 07 4:54 PM CDT
(Newser) - The subprime mortgage crisis may spark another financial disaster: bad credit card debt. When rates hit 50-year lows, many owners borrowed against their homes to pay off high-interest credit cards. Now, with rates increasing, many may not be able to pay down both their mortgages and their credit cards, the... More »

MORE ABOUT:
subprime mortgages • money • loans • debt • finance • home loans • credit card • credit crisis

Monthly Foreclosures Climb Again

Figures jump 93% over 2006; 1 in every 693 households in default

Aug 22, 07 2:34 AM CDT
(Newser) - Foreclosure numbers were up big again in July, rising 9% from June’s figures and a whopping 93% from a year ago, an unwelcome sign for already reeling credit markets. Foreclosures rose in 43 states, but California, Florida, Michigan, Ohio and Georgia accounted for over half of the the activity,... More »

MORE ABOUT:
housing market • subprime mortgages • foreclosure • debt • home loans • credit market • borrowers • mortgage defaults

Corporate Buyers Muscle In on Private Equity Deals

Credit squeeze puts business-as-usual on hold

Jul 31, 07 6:40 AM CDT
(Newser) - Corporations have the upper hand over private equity firms in acquisitions for the first time in years because of chaos in the debt markets, the Wall Street Journal reports. Private equity firms are stalled until the credit situation stabilizes and they can sell off some of their debt. Corporate buyers... More »

MORE ABOUT:
private equity • Time Warner • Comcast • debt • Virgin Media • Ford • acquisition • Cadbury Schweppes • Ingersoll Rand

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