Posts Tagged ‘default’

Rand Paul Slams Alarmist Default Rhetoric, Outlines Fiscal Reform Plan

Senator Rand Paul has slammed ‘doomsday’ talk regarding the debt ceiling and a potential default, saying that such rhetoric is “completely dishonest.” Appearing on Fox Business with Larry Kudlow, Paul noted that such alarmism will “worry the markets, and is bad for the country and bad for all of us,” further explaining that “There is […]

Djokovic Declared US Open Champion By Default After All The Other Players Die Of Heart Attacks

NEW YORK CITY, NY — Serbian tennis star Novak Djokovic has been declared the champion of the 2022 US Open, as all the other contestants have died suddenly of mysterious heart attacks. US Open Chair Patrick Galbraith made the announcement this morning as the last player was carted away in an ambulance. “Welp, I guess […]

Djokovic Declared US Open Champion By Default After All The Other Players Die Of Heart Attacks

NEW YORK CITY, NY — Serbian tennis star Novak Djokovic has been declared the champion of the 2022 US Open, as all the other contestants have died suddenly of mysterious heart attacks. US Open Chair Patrick Galbraith made the announcement this morning as the last player was carted away in an ambulance. “Welp, I guess […]

Microsoft Windows keylogger enabled by default – disable it now!

Many Windows 10 users are unknowingly sending the contents of every keystroke they make to Microsoft due to an enabled-by-default keylogger. This function has been around since the beginning of Windows 10, and is a prime example of why you should never go through the default install process on any Operating System. Windows 10 privacy has […]

Flood-Hit Pakistan Saved From Default as IMF Approves Revival of Bailout Funds

The International Monetary Fund (IMF) board on Monday approved the revival of a bailout loan program for Pakistan, whose economy has been worsened by monsoon floods. The IMF’s approval will allow an immediate disbursement of $1.1 billion to Pakistan. Finance Minister Miftah Ismail took to Twitter to express his gratitude for Prime Minister Shehbaz Sharif’s […]

U.S. Stops Russian Bond Payments, Raising Risk of Default

The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at U.S. banks, in a move meant to ratchet up pressure on Moscow and eat into its holdings of dollars. Under sanctions put in place after Russia invaded Ukraine on Feb. 24, […]

Education Sec’y Cardona: Students in School, Full-Time Should Be ‘Default’ But ‘Short-Term Closures Might Be Needed’ at Times

On Thursday’s broadcast of CNN’s “AC360,” Education Secretary Miguel Cardona stated that hybrid schooling “is probably the most disruptive” model and the “default model should be full-time, five days a week, in-person,” but there may be times where due to an “increase in cases, in spread, and inadequate staffing that short-term closures might be needed.” […]

China-Based Developer Says Bond Default Triggers Earlier Repayment Deadlines, Pulls Dividend

Men work at the construction site of a highrise building in Beijing, China, on Oct. 18, 2021. (Thomas Peter/Reuters) Chinese developer Modern Land (China) said on Monday a default on a bond repayment last week has pulled forward repayment dates for a further $321 million worth of notes, and the company withdrew an interim dividend […]

U.S. Fed warns of “severe damage” over debt default

U.S. Fed warns of “severe damage” over debt default – Tehran%20Times TEHRAN – The chairman of the U.S. Federal Reserve called on lawmakers to raise the nation’s borrowing limit urgently on Wednesday, warning that failure to pay government debts would do “severe damage” to the economy. “It’s just very important that the debt ceiling be […]

McWhorter: Black People Don’t Default to Thinking We’re ‘Pathetic’ Like ‘White Fragility’ – Kendi ‘Is Not the General Black View’

On Friday’s broadcast of HBO’s “Real Time,” Columbia University Professor and author John McWhorter objected to books like “White Fragility” by Robin DiAngelo and “How to be an Antiracist” by Ibram X. Kendi being pushed “as the black view” when they aren’t. McWhorter argued that “White Fragility” makes black people look like “silly babies” and it’s […]

Default Liberal Meets Stiff Resistance to Her Narrative


Nearly 40% Of Student Loan Borrowers To Default By 2023

Over three years ago, when the full extent of the student debt crisis was becoming apparent, the Treasury Borrowing Advisory Committee released a startling analysis  and long-term forecast which showed two things: i) up to a third of all student loans are likely to end up unrepaid… … and ii) the total amount […]

Almost 5 million Americans default on their student loans

     Student loan defaults hit nearly five million in the third quarter, a doubling from four years ago, The Wall Street Journal reported, or about 13 percent of outstanding loans. While the overall U.S. economy has enjoyed steady growth and notched its quickest pace in three years, according to Reuters, there has been a sharp […]

Hartford Could Default On Its Debt As Soon As Next Month, Moody’s Says

Moody’s latest warning about Hartford Connecticut is its most dire yet. In a report issued Thursday, the ratings agency’s analysts said Hartford, Connecticut’s once-proud capital city, could default on its debt as soon as next month, forcing the capital of the country’s wealthiest state (on a per capita basis) into bankruptcy. If […]

THIS DAY 80 YEARS AGO: FDR’s Evil Executive Order Required Citizens to Turn in All Gold to the Government by May 1, 1933

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Terrifying volcanic eruptions viewed from space

     The sheer destructive force alone makes volcanic eruptions both a terrifying and wondrous thing to behold. And this gallery allows you to appreciate such sights from probably the best vantage point — from space.                                                        Source Article from

Man Harassed and Fined For Planting Vegetables in His Own Yard

A family in Sugar Creek, Missouri grew the beautiful vegetable garden in the photo above. They’ve been given four days to tear out the entire garden or face a fine. Why? Because it is in their front yard, and city officials and a few neighbors don’t like it. Nathan Athans said […]

It’s a start: Seattle votes big money out of politics – Koch brothers big losers

“Seattle voters won big tonight. Seattle leads the nation, first on $15/hour and now on campaign finance reform.” Much to the detriment of Washington State’s biggest corporate donors like Microsoft and Starbucks, and to the chagrin of Seattle’s newspaper of record, Seattle voters have elected to have publicly-financed elections, and to severely limit the influence […]

What really happened at Gravity Payments with its $70,000 minimum wage

     Before Dan Price caused a media firestorm by establishing a $70,000 minimum wage at his Seattle company, Gravity Payments, before Hollywood agents, reality-show producers, and book publishers began throwing elbows for a piece of the hip, 31-year-old entrepreneur with the shoulder-length hair and Brad Pitt looks, before Rush Limbaugh called him a socialist and […]

Suntech announces default, search for financing

Suntech Power Holdings Ltd.’s announcement was a severe setback for a company lauded by China’s communist government as a leader of efforts to make this country a center of the renewable energy industry. Its founder, Shi Zhengrong, became one of the industry’s most prominent entrepreneurs and a billionaire, only to see most of his fortune […]

German push for Greek default risks EMU-wide ‘snowball’

Ambrose Evans-Pritchard London Telegraph October 11, 2011 Germany is pushing behind the scenes for a “hard” default in Greece with losses of up to 60pc for banks and pension funds, risking a chain-reaction across southern Europe unless credible defences are established first. Officials in Berlin told The Telegraph it is “more likely than not” that investors […]

Can Countries Default On Their Debts?

Washington’s Blog Sept 26, 2011 Countries Routinely Default Many people – including economists – are are confused about whether or not countries can default. One of the world’s leading economic historians – Harvard professor Niall Ferguson – says: The economists are ill qualified to analyse the current economic situation since they lack the overview of historians […]

Greek default talk gathers pace

  Reuters September 23, 2011 Talk of a possible Greek default gained pace on Friday while a pledge by the world’s major economies to prevent Europe’s debt crisis from undermining banks and the global economy failed to lift financial markets for long. Greek Finance Minister Evangelos Venizelos was quoted by two newspapers as saying an […]

EU officials expect Greece to default but stay in eurozone

Bruno Waterfield,London Telegraph Sept 22, 2011 There is a growing consensus among EU diplomats and officials that Greece will default while remaining inside the eurozone. Intense talks are taking place in Berlin, Paris, Frankfurt and Brussels about how to manage a Greek default in the short to medium term. “It is not now but a […]

Greece must default and quit the euro

  Costas Lapavitsas Guardian September 20, 2011 Greece is facing an economic and social disaster, the result of its so-called rescue by the “troika” of the EU, the International Monetary Fund and the European Central Bank. Greece must change course to avoid a grim future for its people: it must default on its debt and exit […]

Greek Default Could Tip US Into Recession

John MelloyCNBC Sept 20, 2011 Despite being more than 5,000 miles from Washington D.C., a default in Athens could trip up the global banking system just enough to tip the U.S. into a recession, investors and economists said. “Due to financial trading relationships and off-balance sheet exposure to European banks, the U.S. banking system will […]

Roubini: Greece Should Default, Leave The Euro

  Business Insider Sept 19, 2011 Dr. Doom has given up hope for Greece. In an FT piece, he says it’s time for Greece to default and abandon the euro. The basic idea — which he outlined in a research piece a piece on Friday — is that Greece under the euro will lead to […]

Is September 20 Greek Default Day?

Peter TchirTF Market Advisors Sept 18, 2011 Is September 20 Greek Default Day? If Greece is going to default, September 20th seems to be as good a day as any. Actually, it is far better than most to be GD-Day. Two big bonds, the 4.5% of 2037 and the 4.6% of 2040 both have coupon […]

Massive default is best way to fix the economy

  Brett ArendsMarketWatch September 13, 2011 You want to fix this economic crisis? You want to put people back to work? You want to light a fire under the economy? There’s a way to do it. Fast. And relatively simple. But you’re not going to like it. You’re not going to like it at all. Default. […]

German minister raises ‘orderly default’ for Greece

Jonathan Sibun London Telegraph Sept 12, 2011 Germany has stepped up its rhetoric against Greece, warning that the debt-laden country could default on its debts in a move that highlights the growing divisions at the heart of Europe. Philipp Roesler, Germany’s economy minister, said an “orderly default” for Greece could no longer be ruled out […]

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