‘Zombie debt’: Homeowners face foreclosure on old mortgages – Maryland Daily Record | Vette Leader

Rose Prophete sits outside on the steps of her brick townhouse on July 28, 2022, in the Brooklyn borough of New York. Prophete, a hospital technician who immigrated from Haiti in February 2000, was blindsided with a foreclosure action on the home she worked three jobs to buy. (AP Photo/Bebeto Matthews) Rose Prophete thought the … Read more

Italy has $127 billion debt problem that can’t be easily solved – Yahoo Finance | Vette Leader

(Bloomberg) – While much of Europe Inc.’s government-backed loans are shrinking due to the pandemic, Italian companies are still sitting on mountains of such loans, complicating government efforts to help them weather the latest crisis: rising energy costs. Most read by Bloomberg Italian companies had a record 123.2 billion euros ($127 billion) of government-backed Covid-era … Read more

S&P rating a ‘shot in the arm’, says governance reformer – EyeWitness News | Vette Leader

NASSAU, BAHAMAS – The confirmation of the country’s credit rating of B+ coupled with a stable outlook from rating agency Standard and Poor’s (S&P) is a major “shot in the arm” for the Bahamas, according to a governance reformer. Hubert Edwards, head of the Organization for Good Governance’s Economic Development Committee, said that against the … Read more

Why Business Survival Requires Brand New Management – Forbes | Vette Leader

Business process management and workflow automation diagram getty Most of today’s large corporations suffer from a deadly disease. The disease is not Covid. It’s much more deadly, in part because its symptoms are often invisible to those affected. It destroys productivity, hampers innovation, demoralizes workers, and leads to steady decline. The disease – left untreated … Read more

We believe TravelSky Technology (HKG:696) can easily manage its debt – Simply Wall St | Vette Leader

Howard Marks put it nicely when he said that instead of worrying about stock price volatility, “the possibility of permanent loss is the risk I worry about … and every practical investor I know is concerned about.” , worrying.” It’s only natural to consider a company’s balance sheet when examining how risky it is, since … Read more

4 ways to limit your holiday debt – The Epoch Times | Vette Leader

There’s a magical feeling in the air this time of year, but that magic costs money. Every year there is increasing pressure to spend more to create the perfect vacation. This season of high expenses can leave you with debt that stays close. According to NerdWallet’s 2022 Holiday Shopping Report, 31 percent of 2021 U.S. … Read more

Zimbabwe’s external debt is now $14.4 billion – Bulawayo24 News | Vette Leader

DEBT Zimbabwe’s total public and state-guaranteed (PPG) debt is estimated at ZW$2.2 trillion for domestic debt and US$14 billion for external debt (including US$3.1 billion in blocked funds) as of the end of September 2022 as the country plans to convene a high-level meeting with its creditors in the first quarter of 2023. Lacking fiscal … Read more