Dental hygienist Liz and truck driver Will are engaged in a destructive spending game. Control freak Liz handles all the finances while keeping Will on a tight leash, yet still spends a lavish amount on clothes for herself, their baby and their dog. In retaliation, Will takes out costly cash advances. They’ve refinanced their home several times to hide debt in their mortgage to the point they now owe more than the house is worth. Getting this couple back on track means reigning in the spending, finding ways to re-build equity in their home and getting rid of the resentment between them. Gail finds way to get them fighting their debt rather than each other. –
–
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Country defaults have been in the news lately, but what actually happens when a government can no longer pay off their debts? We dive into this strange topic in today’s video.

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in 2013 China announced the BELT & ROAD INITIATIVE which was designed to provide new Land & Sea Connections from China to the Rest of the World. This Initiative was designed to help EMERGING & DEVELOPING COUNTRIES to improve ROAD, RAIL, AIR & SEA Infrastructure and to Build POWER PLANTS. China has advanced $1.3 TRILLION in Loans to HIGH RISK Countries and the majority of those loan are now in DEFAULT. In this video I provide details of the investments made by China, the outstanding loans by SECTOR & COUNTRY and the amount of debt now in DEFAULT.

For specific details please check out the CHAPTER list below.

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Chapters:
0:00 Intro
3:01 BELT & ROAD INITIATIVE
3:46 SECTOR EXPOSURE
6:21 COUNTRY EXPOSURE
10:27 CREDIT RISK
13:22 DISTRESSED LOANS
15:56 DEBT RESTRUCTURING
17:31 CASHFLOW
19:51 RUSSIA
22:31 SUMMARY & CONCLUSION

#china
#Belt&Road
#globalrecession
#globalfinancialcrisis
#russia
#Evergrande
#China
#Recession
#Zhenro
#Bonds

After a year of unsuccessfully trying to conceive naturally, Jaclyn and Richard racked up thousands in fertility treatment costs on credit before becoming pregnant with their son Mac. Their debt piled up when Jaclyn’s maternity leave reduced her regular monthly take-home pay by 55%, but Richard still plans to become a stay at home Dad. Neither Jaclyn or Richard are willing to give anything up to make ends meet. Host Gail Vaz-Oxlade breaks the difficult truth: if they don’t stop encouraging each others’ reckless spending and instead start working together to manage their finances, this couple’s future may be filled with a big debt instead of the big family they’ve always wanted. –
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Student debt relief recipients are “hardworking, middle class, working class folks,” Sen. Elizabeth Warren says. In response to comments deriding President Biden’s student loan forgiveness plan made by some Republicans, Warren tells Joy Reid, “I’ve just had it with this idea that these are somehow the slackers in America.”
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On August 24, President Biden announced the cancellation of $10,000 in federal student loan debt for most borrowers. But student loan accounts for less than 10% of household debt in America, which reached $16.15 trillion during the second quarter of 2022. And debt is likely to grow even further due to soaring inflation. 43% of Americans are expected to add even more debt within the next six months. So why are so many Americans in debt today and what impact does it have on the U.S. economy?

Policy plays a vital role in keeping household debt in check. Experts say outdated procedures such as wage garnishment, in which an individual’s earnings are withheld for the payment of a debt, are in dire need of a policy update. A survey found that about 7% of workers in America had their wages garnished, according to the most recent study in 2016.

The government can also play a potential role in reducing certain kinds of borrowings, such as medical debt that is currently held by roughly 23 million Americans.

Watch the video to find out more about why household debt is rising in America.

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Why Americans Are Drowning In Debt

Rep. Carlos Gimenez, R-Fla., responds to reports that President Biden will forgive $300 billion of student debt. #FoxNews

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Former U.S. Sen. Judd Gregg (R-N.H.) and former U.S. Sen. Heidi Heitkamp (D-N.D.) join CNBC’s ‘Squawk Box’ to discuss the Biden administration’s plan to cancel more student loan debt and whether it’s a good idea or an additional tax burden. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

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Happy Transfer Tuesday! What are your thoughts on $10K of Student Loan debt being canceled?

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Welcome to Sunday International Live Service with Emmanuel Makandiwa.