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Gov. Jim Justice Faces Heavy Business Debts as He Seeks Senate Seat

The New York Times: Banking

The Justice companies have long had a reputation for not paying their debts. But that may be catching up to them.

Debt 145
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Can Ghana’s Debt Trap of Crisis and Bailouts Be Stopped?

The New York Times: Banking

The government of Ghana is essentially bankrupt, and has turned to the International Monetary Fund for its 17th financial rescue since 1957.

Debt 145
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A $1 Trillion Borrowing Binge Looms After Debt Limit Standoff

The New York Times: Banking

The government has avoided default, but the effects of the debt-ceiling brinkmanship may still ripple across the economy.

Debt 96
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Africa’s Debt Crisis Has ‘Catastrophic Implications’ for the World

The New York Times: Banking

Crushing obligations to foreign creditors that have few precedents have sapped numerous African nations of growth and stoked social instability.

Debt 145
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How China’s Property Crisis Is Testing Its Too-Big-to-Fail Banks

The New York Times: Banking

Banks hold enormous amounts of real estate debt, and regulators are nervous. But a fast-moving crisis is unlikely because the government has extensive control of the system.

Bank 135
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Stocks Rally and Bond Yields Slide as Fed Signals Rate Cuts in 2024

The New York Times: Banking

The Fed’s rate increases since March 2022 have sent shock waves through financial markets, raising borrowing costs on things like mortgages and government debt and weighing on the stock market.

Stock 143
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Africa Needs Its Debts Paused So It Can Prepare for Climate Catastrophe

The New York Times: Banking

Instead of receiving funds to address the climate crisis, Africa is borrowing money at a cost up to eight times higher than the rich world to rebuild.

Debt 144