Rainbows United failed to pay more than $2.3 million in federal withholding taxes over the past two years, and the resulting debt appears to be at the heart of the Chapter 11 bankruptcy the nonprofit filed late Thursday.
Japanese Bonds May Rise as Deflation Boosts Demand for Debt (Bloomberg)
July 31 (Bloomberg) — Japan’s bonds may rise, paring this week’s loss, as a government report today is expected to show deepening deflation that would boost the purchasing power of the fixed payments from debt.
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