Banks have recovered only 13% of a staggering amount of loans worth more than Rs 10 lakh crore loans written off in the last five … Banks Recover only 13% of Rs 10 Lakh Crore Loans Written off in Last 5 YearsRead more
Debt
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1 in 3 of World’s Poorest Countries Spend More on Debt Repayments Than Education
A report published this week by Save the Children revealed that 1 in 3 of the world’s poorest nations spend more on paying off debt … 1 in 3 of World’s Poorest Countries Spend More on Debt Repayments Than EducationRead more
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The Origin of Student Debt
With the vociferous debate over President Joe Biden’s announcement that the federal government will cancel a portion of outstanding student debt, it’s important to understand … The Origin of Student DebtRead more
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When America became a deficit country the Bretton Woods ended
[youtube https://www.youtube.com/watch?v=j7sW5lfIh-k&rel=0&feature=relmfu] Yanis Varoufakis
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88% of Over 9,000 Punjab Farmers Who Died by Suicide in 18 Years Were Debt-Ridden
As many as 9,291 farmers died by suicide between 2000 and 2018 in six districts of Punjab, a Panjab Agriculture University (PAU) study published in … 88% of Over 9,000 Punjab Farmers Who Died by Suicide in 18 Years Were Debt-RiddenRead more
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Billions Stolen From Black Families by Predatory Lending
[youtube https://www.youtube.com/watch?v=GlwcAx9aVTM&rel=0&feature=relmfu] Bill Black
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A college debt history lesson no one tells
That nostalgic time of year for newly minted college grads and their professors has now concluded. I admit to being affected by the academic robes … A college debt history lesson no one tellsRead more
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Cancelling the debts is the way to prevent economic crisis
[youtube https://www.youtube.com/watch?v=od2N2b51rV4&rel=0&feature=relmfu] Michael Hudson
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Average debt of farm households up 57% in five years till 2018
The average outstanding loan per agricultural household increased 57.7 per cent to Rs 74,121 in 2018 compared with Rs 47,000 five years ago in 2013, … Average debt of farm households up 57% in five years till 2018Read more