She said right now it's not an issue, but it could be as the state works to pay off the unfunded portion of the pension fund, which was $2.6 billion at end of this fiscal year, ending June 30.
New data show that the average payday loan in Utah now charges 527.69 annual percentage rate (APR) interest, up from 484.76 percent last year. In comparison, academics say the New York Mafia charged 250 percent in the 1960s.
GE had $114 billion in debt at the end of the third quarter, 3.7 times its equity and more than four times the industry average debt-to-equity ratio of 0.77, Refinitiv data shows. High debt levels can increase a company’s risk of default.
Prime Minister Shinzo Abe called on Monday for a new public works spending program to stimulate the economy amid growing concerns about global risks.
But if we take just that average and add it to the projected deficits, the US government deficit will be (drumroll, please) approximately $1.4 trillion per year for the next five years, which will mean $29 trillion total debt by 2024. And that’s without a recession. Throw in a recession, and we’ll get to $30 trillion long before then.
An epic bond-buying spree by Japan's central bank means it's now sitting on assets worth more than the country's entire economy….The US Federal Reserve's total assets are about one fifth of the size of US GDP, and the European Central Bank's are around 40% of the eurozone economy.
The analysis, obtained by LA School Report, was conducted by Houlihan and Lockey Financial Advisors at the district’s request. It stated that the school system will be insolvent by 2021-22, when it will have a $419 million deficit. By 2022-23, the deficit is projected to be $880 million.
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