Making a profit by purchasing cheap debt and selling it for a higher price is not illegal; indeed, Boston billionaire Seth Klarman has made much of his fortune that way.
The Hadassah Medical Organization in Jerusalem signed an agreement with the Israeli government on a debt recovery plan.
Qatar has agreed to provide $150 million in debt relief to the Palestinian Authority, U.S. Secretary of State John Kerry said in Paris after talks with Qatari Foreign Minister Khaled al-Attiyah.
Yeshiva U.’s credit rating was slashed by a major agency for the third time in two years. Analysts called the $380 million sex abuse lawsuit a ‘significant fiscal’ issue.
Social mobility is at a standstill in America. The problem is that we are not committed enough to educating our children, argues Leonard Fein.
So much for the $1 trillion platinum coin idea.
The White House on Wednesday sees little profit in the notion of minting $1 trillion platinum coin as an escape hatch to avoid a debt default if Congress balks at raising the U.S. debt limit.
If you had to flip a coin over whether Congress will raise the debt ceiling, here’s the ultimate one - a freshly minted trillion-dollar platinum coin.