Forbes called this explosive loan situation, a “perfect storm…of heavier debt loads, higher payments, and an unforgiving economy.”
Original article: https://mises.org/mises-wire/student-loans-new-sheriff-town
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Forbes called this explosive loan situation, a “perfect storm…of heavier debt loads, higher payments, and an unforgiving economy.”
Original article: https://mises.org/mises-wire/student-loans-new-sheriff-town
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Americans hit the roads and airports for Memorial Day weekend. Trump targets international student at Harvard. DC double murder investigation. CBS News Correspondent Steve Kathan has today's World News Roundup.
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Sales of existing homes fell in April to about 4 million a year. For comparison, almost 7 million existing homes were sold each year from 2020 to 2022. The reasons? Home prices are high, mortgage rates are high, and there's lots of economic uncertainty. And later in the program: A proposed law could help people who lost homes in this year's Los Angeles wildfires avoid "vulture capitalists."
From the BBC World Service: Japan's inflation rate is heating up, hitting its fastest pace in more than two years: 3.5% in April. That could mean higher interest rates for the first time in years. It's a big shift for a country used to falling prices and a major challenge for the government and central bank. Plus: flooding in Australia, a raised retirement age in Denmark and cash use in Sweden.
Plus: Major U.S. banks explore whether to team up to issue a joint stablecoin. And Chinese automaker BYD outsells Tesla in Europe for the first time ever. Kate Bullivant hosts.
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A.M. Edition for May 23. While the court said President Trump can remove independent agency leaders, the ruling found the Federal Reserve is unique, providing some relieft o investors. Plus, major U.S. banks are exploring whether to team up to issue a joint stablecoin. And as BYD beats out Tesla in European sales for the first time ever, we look at how China has been building up its high-tech industries with WSJ’s Brian Spegele. Azhar Sukri hosts.
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