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Disclaimer: Please note that I am not a financial professional. My videos are my personal experiences and not intended to be used for financial advice.
The Public Interest South Africa organisation is concerned about the worsening municipal debt crisis, which is now affecting Eskom’s financial situation. Recent reports show that many municipalities are failing to meet their debt obligations. Chairperson of Public Interest SA, Tebogo Khaas, spoke to eNCA. #TheSouthAfricanMorning #eNCA #DStv403
Younger Americans face a financial crisis. Their growing debt burden has far outpaced that of older generations, and it’s only getting worse. Generation Z is being hit the hardest, thanks to lower income and the rising cost of everything from food to housing. Bloomberg takes a look at the roots of this problem, and whether anything can be done.
00:00 – 00:54 Introduction to a growing debt problem
00:55 – 03:44 Income and inflation
03:45 – 05:42 Housing costs
05:43 – 07:48 Education and tuition costs
07:49 – 10:37 Doom spending
10:38 – 11:30 What does the future hold for young people?
Read more: How Gen Z Ended Up in So Much Debt ???? https://www.bloomberg.com/news/features/2024-10-31/why-gen-z-is-sinking-deeper-into-debt-explained
Young Americans today face a serious debt crisis. And it’s making the American Dream seem more like an illusion.
Both Gen Zers and younger millennials were hit by a nasty one-two punch — the Covid-19 pandemic and then the worst inflation in decades — at critical points in their financial journeys. Now, those aged 18 to 29 are carrying $1.12 trillion of debt, according to the Federal Reserve Bank of New York. While that only makes up 6.3% of the total $17.8 trillion in US consumer debt, it’s still a huge burden to carry at an early point in their financial development.
Such an enormous debt burden has contributed to financial pessimism among young adults that’s changing how they work and spend money, key shifts that may have implications for not just their future finances, but also the broader US economy.
#Debt #Economy #Business
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This report from India’s Insolvency and Bankruptcy Board of India (IBBI) examines the potential for mediation as a dispute resolution mechanism in corporate insolvency cases under the country’s Insolvency and Bankruptcy Code (IBC). The authors, an expert committee appointed by the IBBI, consider the effectiveness of mediation in different stages of the corporate insolvency resolution process (CIRP), including pre-commencement, post-commencement, and liquidation stages. The report compares India’s current legal landscape with various international jurisdictions, including the United States, the European Union, Italy, France, Spain, the United Kingdom, Romania, Greece, Japan, Singapore, and Germany, in order to understand the benefits and challenges associated with mediation in insolvency cases. They provide specific recommendations for the implementation of a mediation framework within the IBC, emphasizing the need for a phased approach, a robust operational framework, qualified mediators, and cost-effectiveness. The report also underscores the importance of preserving the core objectives of the IBC, including timeliness, value maximization, and the balancing of stakeholder interests.
