marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
loans
05/05/2022
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By Ramon Tomey
“Buy now, pay later” schemes touted by influencers burying Gen Z deeper in debt
Social media influencers on TikTok have been touting “buy now, pay later” (BNPL) schemes for the supposed convenience when it comes to purchasing products and services. However, these installment schemes only serve to bury Generation Z deeper in debt. BNPL apps such as Klarna, Sezzle, Zip, Afterpay and Affirm present themselves as easier and more […]
09/13/2021
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By Nolan Barton
PPP loans to supposed farms flowed into shoreline front operations instead
Dozens of Paycheck Protection Program (PPP) loans to supposed farms flowed into the shoreline communities of Ocean County, New Jersey last year. “Ritter Wheat Club” and “Deely Nuts,” supposedly a wheat farm and a tree nut farm, each got $20,833, the maximum amount available for sole proprietorships. “Tomato Cramber” up the coast in Brielle got […]
05/02/2021
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By Arsenio Toledo
“Clean energy” PACE loans putting borrowers at risk of losing their homes due to high fees and interest rates
During the height of the Great Recession in 2009, then-Vice President Joe Biden touted an alternative financing program known as Property Assessed Clean Energy (PACE). The problem with this program was that it has made thousands of homeowners across the country pay so much more than what they initially agreed to. PACE can provide homeowners […]
07/01/2020
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By Ralph Flores
Trump signs law relaxing small business loan rules, but many are still left behind
Not long ago, President Donald Trump signed the Paycheck Protection Program Flexibility Act into law, which eases some of the policies of the Paycheck Protection Program under the coronavirus relief bill. The overhaul comes as a relief for small businesses, as many are still trying to claw their way out of the economic crisis from the Wuhan coronavirus […]
05/12/2020
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By Ralph Flores
Moody’s warns new coronavirus wave will plunge US economy into depression
The U.S. economy is currently in a precarious situation, and what states will do next can either make it or break it. According to Mark Zandi, the chief economist of global financial intelligence firm Moody’s Analytics, many states are taking a huge risk by reopening from the lockdown. A new outbreak, he warns, can tank the economy […]
04/23/2020
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By Ralph Flores
New CARES Act only cares about big corporations – local restaurants walk away with NOTHING
The coronavirus (COVID-19) may have currently infected over 830,000 Americans and caused 45,638 deaths, but that won’t stop corporations from making sure they come out on top – even if it means taking money meant for smaller businesses. Case in point: Big restaurant chains like Shake Shack, Potbelly and Ruth’s Chris Steak House walk away with tens […]
04/21/2020
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By JD Heyes
Can you say “fraud?” Large companies stepping in to take coronavirus relief loans meant for SMALL businesses
The biggest problem with showering the country with money under the guise of trying to provide ‘relief’ for people, whether it’s the economic crisis of 2009 or the Wuhan coronavirus (COVID-19) pandemic, is that such helicoptering of money rarely comes off as efficient. What’s more, when there are literally trillions of dollars up for grabs, […]
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