From the Blogosphere

Vitaliy N. Katsenelson: Japan: Land of the Rising Debt Investors are scared of the sovereign debt crisis unfolding in Europe. However, they are ignoring a more likely and significantly larger debt catastrophe that is about to hit the second-largest economy in the world -- Japan.

» CNN map shows Minnesota's debt burden CNN map shows Minnesota's debt burden. by Charley Shaw Published: July 30,2010. Time posted: 12:27 pm. Tags: debt. CNN is reporting that state's are borrowing more money these days. And they have assembled a map of the nation's debt ...

Max Keiser: France Tries to Reduce Debt by Increasing Debt To reduce debt, France has announced the sale of State assets. Paradoxically, these sales will achieve the opposite effect and increase the overall indebtedness of France.

Oksana Grigorieva Taking on Debt to Fund War with Mel Gibson | TMZ.com Sources close to Oksana Grigorieva say she's going broke trying to battle Mel Gibson -- and, in fact, TMZ has learned Oksana's already had to take out a…

No More Credit Card Debt, Now We Need a New Budget I've had thousands of dollars in credit card debt since 1997. I remember applying for a job in March of 2001 which I calculated would help me erase my credit card debt in about twelve months. I didn't get that job. Nobody got that job, ...

RealClearPolitics - The 'Tipping Point' of American Debt The non-partisan Congressional Budget Office reported: "Growing budget deficits will cause debt to rise to unsupportable levels ... there is no identifiable tipping point of debt relative to GDP indicating that a crisis is likely or ...

Moody's Frowns On Iceland–Sovereign Debt Problems Still Menace ... Moody's and S&P have had a habit of downgrading sovereign paper in nations such as Greece, Spain, and Portugal long after it was clear to the capital markets that their prospects to pay their obligations were distressed.

New Restrictions for Debt Settlement Firms - DealBook Blog ... The Federal Trade Commission on Thursday announced restrictions on companies that purport to help borrowers get rid of crippling amounts of debt. The effort aims to address complaints about lenders that charge huge fees but fail to ...

New Rule Cracks Down On Debt Settlement Industry NEW YORK — Companies that promise to reduce or eliminate credit card balances and other debt for customers will no longer be allowed to charge an upfront fee. The Federal Trade Commission said Thursday that the new restrictions are a ...

The Premier League of Debt | BNET Despite booming sales returns, insolvencies and debt plague UK football clubs and star players earn more every year. Is football's bubble about to bur.

Questions and Answers

Open Question: Do you find anything morally wrong with this situation? Note: The question is not about me. A is a 49 yr old man A and T have been good friends for over 20 years. T was in financial trouble recently and A helped him and paid his debts for him without expecting anything in return. But T offered his 16 yr old daughter, L's, hand in marriage to A. A thought about it but declined because she was too young. When A saw L again, she said "Thank you so much for your kindness to my family. I would like to be your wife if you will have me" A was happy to accept her A and L were then engaged. A asked L several times if she was happy to marry him and she said yes. He specifically asked her if she was being pressured by her parents, she said no, it was entirely her choice. A asked L how she felt about the age difference , she said "age doesn't matter to me... i only see you as a person... not your age" A was very impressed with L's maturity and character A said to L "I want you to be free.. I will give you a divorce if you are unhappy at anytime in the marriage" A and L were...

Open Question: Who was the autistic man that made millions off of the crisis, because he saw it coming? He was looking at all the money being put into credit, and saw that banks were getting rid of bad debts that wouldnt be paid... so he bet against the market, and got millions??/

Open Question: Too much debt and not enough work .I can't pay credit card bills ...what should i do?

Open Question: Do Conservatives get the idea that it's "easy" to become a professor? Certainly not all, but many here think it's a fairly easy and simple process to go to college, get a Bachelor's, then get a Ph.D., then get hired by a major University, then get published, and get published again, then produce original research and then get tenure. Two people I know become college professors. One in English, the other in Mathematics. They both worked very hard to get to that position and incurred a good bit of debt doing so. But, they do this work because it is their passion, and they couldn't bear the thought of sitting in a cubicle or office all day.

Open Question: What do i do with a degree in Music Performance? I am currently majoring in Music Education at the University of North Texas but i am considering changing schools and majors. Schools because UNT really only does classical and jazz for music performance. And im changing majors because i want to sing and write my own songs. But what do i do with that degree? What happens to the people that don't get the million dollar recording contracts?? What happens if 6 months after graduation im on the street, broke, with no job and 1000's of dollars in debt??? HELP!!!!!

Open Question: I need brutal honesty: Did I get dumped for being poor? My boyfriend of almost a year recently gave me the "I don't want a relationship right now" line. He's a good person; we started out as friends first. He's a couple years younger than me (I'm 30; he's 28) and very accomplished; he has a masters in chemical engineering and has a great job--one of the youngest people with his title in his field. He comes from a very different financial background than me. He never had to work a day before finishing his education, as his parents are very wealthy. Most of his friends are doctors and other professional types born with silver spoons in their mouths. Some of his friends (especially female ones) did not trust me because I drive an old car and I work in humble jobs and live in a tiny apartment. He was honest enough to tell me this. I think his mother felt the same way. I know he's not seeing anyone else. But he started acting strangely when he found out I have a large student loan I'm still paying for. He knows I work hard and admires my work ethic. I've gone...

Open Question: MacroECONOMICS QUESTIONS!! PLEASE HELP!? 1. When the government runs a deficit, it will: A. buy bonds to finance the deficit. B. sell bonds to finance the deficit. C. reduce the money supply to finance the deficit. D. raise taxes immediately. 2. Deficits may be desirable in the short run if they: A. help to stabilize the economy when the economy falls below potential output. B. increase savings necessary for future investment and growth. C. increase savings necessary for future consumption and demand. D. help to stabilize the economy when the economy is above potential output. 3. A passive deficit is the portion of the deficit that exists when: A. the economy is at potential income. B. the economy is beneath potential income. C. inflation is not fully anticipated. D. inflation is fully anticipated. 4. If a passive surplus exists, the economy must be: A. at potential income. B. above potential income. C. below potential income. D. experiencing deflation. 5. Economists generally are: A. more concerned about structural deficits than passive deficits. B....

Open Question: Is forgiving or reducing a past debt valid consideration? For basic law

Open Question: Is the meager unemployment insurance aid that a job-seeker receives REALLY a discincentive to seek work? When I was unemployed, the benefit only covered about 35% of my bills, and didn't even come close to covering what COBRA would have cost me...I was ungodly stressed and suicidal, had no access to health care, and was watching everything that I'd worked 36 years for circle the drain, with nothing to look forward to in life but debt... I'll respect your answers, but being on unemployment insurance was actually an INCENTIVE for me to seek full-time employment... Cactus Jack: I should be grateful? I PAID INTO that system for 36 years, you jackhole. Plus, it's really a yes/no type of question... Apologies if that was satire, Cactus Jack...if it wasn't, you can re-apply the "jackhole" label...

Open Question: credit card debt help Is there a legit one? By only our fault we are credit card poor. I would like to know if there are any reputable credit card debit reliefs that are legit. I see on ads about help to help ease credit card debt but I am skeptical about it. I want one that is legit and does not mess my life up after that.

Open Question: How much debt is enough for America to wake up and understand Liberals are ruining America? http://www.washingtonpost.com/wp-dyn/content/article/2010/07/23/AR2010072304101.html?hpid=topnews

Open Question: Credit report mixed up with my twin brother? I have a twin brother - same date of birth, first name begins with the same letter, and social security # is different by only one digit. I have pulled my own credit report in the past and never had any problems. Now that I am trying to apply for a mortgage, the lender has pulled my credit report. It shows my social security # but it lists my brother's name and all of his debts and his credit score. My credit is much better than his and I would never qualify for a loan with it showing his debts on my file. How can I go about correcting this and why would this happen in the first place?

Open Question: Does anyone KNOW for a fact whether or not Wells Fargo checks credit for phone banker employees? I got hired at Wells Fargo a week ago as a phone banker contingent on my background check. They are supposed to get back to me tomorrow or Tuesday and I have just been stressing because I have TERRIBLE credit. When I was younger I racked up some credit card debt I haven't been able to get under control that has gone to collections and I also owe Bank of America a couple hundred dollars. ANYWAYS, the facts are, I have extremely bad credit and if they do a credit check as part of my background check I probably wont get the job. I would just like a head up from someone who KNOWS FOR A FACT whether or not WELLS FARGO does a credit check on PHONE BANKERS (NO OTHER POSITIONS..I KNOW THEY CHECK FOR TELLERS AND POSITIONS ACTUALLY IN THEIR BANKING LOCATIONS, I HOWEVER WILL BE WORKING IN A CALL CENTER) anyways, please only answer if you really KNOW what you are talking about please and thank you!!!

Open Question: My best friend owes me money? A while ago I lent my best friend some money (and I'm talking quite a bit), I've never had this back as of yet and it doesn't look like I will ever get it back despite her promises. I really don't want to fall out with her over it but at the same time I don't want to have the p*ss taken out of me. This is also coupled with the fact she has quite a few personal problems at the minute and I don't want to upset her any further. Would I be better off writing off this debt and learning from my mistake?

Open Question: Wasn't Ronald Reagan the Best President EVER?? Ronald Reagan granted amnesty to all illegal immigrants who entered the United States prior to January 1, 1982, and had lived in the country continuously. Unemployment peaked at 10.8% percent in December 1982—higher than any time since the Great Depression Reagan cut the budgets of non-military programs including Medicaid, food stamps, federal education programs and the EPA. His administration attempted to purge many people with alleged disabilities from the Social Security disability rolls. In order to cover newly spawned federal budget deficits, the United States borrowed heavily both domestically and abroad, raising the national debt from $700 billion to $3 trillion. During Reagan's presidency Taxes were raised every year from 1981 to 1987. But the Rich top tier tax bracket rates were lowered from 70% to 28% His start in politics occurred during his work for ENERGY Giant General Electric as a spokesman. Reagan opposed certain civil rights legislation, saying "If an individual wants to discriminate...

General Info

Debt - Wikipedia, the free encyclopedia Debt is that which is owed; usually referencing assets owed, but the term can also cover moral obligations and other interactions not requiring money. ...

debt: West's Encyclopedia of American Law (Full Article) from ... debt n. Something owed, such as money, goods, or services. An obligation or liability to pay or render something to someone else

Debt | Define Debt at Dictionary.com Debt definition at Dictionary.com, a free online dictionary with pronunciation, synonyms and translation. Look it up now!

debt - definition of debt by the Free Online Dictionary ... Translations of debt. debt synonyms, debt antonyms. Information about debt in the free online English dictionary and encyclopedia. debt consolidation, debt ...

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Bond (finance) - Wikipedia, the free encyclopedia In finance, a bond is a debt security, in which the authorized issuer owes the holders a debt and, depending on the terms of the bond, is obliged ...

debt Definition Debt can be represented by a loan note, bond, mortgage or other form stating repayment... Debt can be represented by a loan note, bond, mortgage or other form stating ...

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Debt How to Get Out of Debt, Stay Out of Debt, and Live Prosperously ... The Debt-to-Income Ratio: How Much House Can You Afford? Data Mining and Credit Profiling: How Lenders Lure ...

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