It hurts more to be unemployed now than the last time the jobless rate hit 10 percent. Americans have more than triple the debt they had in 1982, and less than half the savings. They spend 10 weeks longer off the job. And a bigger share of them have no… Unemployment – Business – Financial Services – Financial Planning – Debt Consolidation
Wise supervisors commit to $42M in consolidation debt (Kingsport Times-News)
WISE — The Wise County Board of Supervisors broke a deadlock over funding for high school consolidation on Thursday with a $42 million commitment to the county school division’s consolidation plan.
Consultant: Wise could shoulder $50M in debt with no tax hike (Kingsport Times-News)
WISE — An independent financial consultant on Thursday said Wise County could take on from $35 million to over $50 million in debt for school projects without increasing taxes, confirmation of a previous debt management scenario provided to the Board of Supervisors by the county’s finance administrator, David Cox.
S&P sees little Malaysia budget consolidation (Business Times (Malaysia))
Malaysia will not take any major action to rein in its surging budget deficit next year due to risks to economic growth in this export dependent Southeast Asian country, credit ratings agency Standard & Poor’s said.
Debt Settlement Part of the Healing Process For A Sustainable Economic Recovery, New Academic Study Says (Business Wire via Yahoo! Finance)
DALLAS—-Credit Solutions endorses a recently published academic white paper that says Debt Settlement offers “the most immediate form of debt relief available to consumers in today’s tenuous economy” – and may even improve the odds for a sustainable economic recovery.
No Money For High Schools’ Consolidation (Bristol Herald Courier)
In a split vote Wednesday, the Wise County Board of Supervisors killed a proposal to commit money to the consolidation of six high schools into three new ones.
Wise supervisors to discuss debt for school consolidation (Kingsport Times-News)
WISE — The Wise County Board of Supervisors will reconvene in a recessed session at 5 p.m. Wednesday to discuss the county’s debt management policy in relation to the county school division’s high school consolidation plan.
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