Posted on September 26, 2010 by
The substantial drop in credit card debt in the United Statessince early 2009 has been widely attributed to newly frugalconsumers. But analysts say that a significant portion of thedecline is actually the result of financial institutions’ writingoff billions of dollars in credit card debt as losses.
Continue ReadingPosted on May 27, 2010 by
The United States’ huge national debt — now topping $13 trillion — is becoming a major threat to U.S. security and leadership in the world, Secretary of State Hillary Clinton said on Thursday.
Continue ReadingPosted on January 20, 2010 by
Manchester United’s total debt has risen to $1.17 billion.
Continue ReadingPosted on December 18, 2009 by
The United States, they unanimously said, is facing “a debt -driven crisis — something previously viewed as almost unfathomable in the world’s largest economy.” Under the impact of the worst economic calamity since the Great Depression, …
Continue ReadingPosted on December 17, 2009 by
DUBAI, United Arab Emirates — Dubai’s ability to host big-money events in tennis, golf and horse racing is coming under scrutiny as the emirate struggles with massive debt.
Continue ReadingPosted on November 30, 2009 by
Asian markets rallied on Monday, but Europe reversed opening gains, as investors digested moves by the United Arab Emirates central bank to soothe worries over Dubai’s debt crisis.
Continue ReadingPosted on November 26, 2009 by
DUBAI, United Arab Emirates — Just a year after the global downturn derailed Dubai’s explosive growth, the city is now so swamped in debt that it’s asking for a six-month reprieve on paying its bills — causing a drop on world markets Thursday and raising questions about Dubai’s reputation as a magnet for international investment.
Continue ReadingPosted on October 15, 2009 by
WASHINGTON — In the often murky waters of the debt collection industry, United Recovery Systems in Houston is considered a “whale hunter.”
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