Fed Says College Students Have More Debt than Previous Generations (tags)
A study released from the Federal Reserve Board notes that 70 percent of college students are graduating with more than $37,000 in debt.
Representative Doggett and Senator Whitehouse Introduce Legislation to Close Tax Havens (tags)
Representative Lloyd Doggett (D-TX) and Senator Sheldon Whitehouse (D-RI) introduced versions of the Stop Tax Haven Abuse Act in the House and Senate.
G20 Focuses on Paris Attacks and Economic Stability (tags)
G20 Calls on Congress to Pass IMF Voting Reform
G7 Raises Alarm on Shadow Banking System (tags)
Jubilee USA Network, G7 Summit, Global Stability
FIFA Scandal Highlights Corruption in Global Financial System ;US Banks Named Too (tags)
FIFA, Money Laundering,World Cup, Jubilee USA Network
G7 Finance Ministers Focus on Growth in Face of High Debt (tags)
Washington DC - G7 finance ministers gather in Dresden, Germany, to discuss promoting "sustainable growth" in the face of growing global debt. US Treasury Secretary Jacob Lew is among the ministers gathering. The meeting takes place amid debt crises in the Eurozone and the developing world. The ministers meet after the International Monetary Fund (IMF) reported slow economic growth and increased debt burdens during the IMF/World Bank Spring Meetings. "It's impossible to experience sustainable growth, when wealthy and poor countries are struggling with unsustainable debts," stated Eric LeCompte, Executive Director of Jubilee USA Network, who is in Dresden for the meetings. The finance ministers gathered in Dresden include Joe Oliver of Canada, Michel Sapin of France, Wolfgang Schäuble of Germany, Pier Carlo Padoan of Italy, Taro Aso of Japan, George Osborne of the United Kingdom and Jacob Lew of the United States. Jubilee USA joined Jubilee Germany in Dresden for several G7 outreach events organized on the growing debt crisis.
IMF Reviews International Financial Crises Solutions (tags)
As the IMF reviews solutions to international financial crises, religious and development groups urge reforms to protect the poor.
Supreme Court Hears Argentina Predatory Hedge Fund Discovery Case (tags)
High Court Decision to Hear Broader Landmark Debt Case Pending
Pope Francis Concern for Poor Drives Review of Vatican Bank (tags)
Jubilee USA Executive Director Releases Statement on Pope’s Focus on Corruption and Illicit Capital Flight Impacts on Poor
Argentina Payment Plan Would Protect Poor Hedge Fund Holdout - NML Capital - has Until Apr (tags)
Debt Relief Still Failing (tags)
Despite the fact that thousands die daily as a result of international debt, a leaked IMF and World Bank report shows that they will refuse to provide significantly deeper and broader debt cancellation for impoverished nations at their Annual meetings this September.