Debt Topics

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Democracy Now! stories, posts and pages that relate to Debt

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  • Greeks-vote-no_use
    Greek voters have overwhelmingly turned down the terms of an international bailout in a historic rejection of austerity. With a margin of 61 to 39 percent, Greeks voted no to further budget cuts and tax hikes in exchange for a rescue package from European creditors. Polls had indicated a narrow vote, but the "no" side swept districts across the country. Thousands of people flocked to Athens’ Syntagma Square Sunday night in...
    July 06, 2015 | Story
  • Padilla-statement
    Puerto Rico could be on the verge of following Greece in defaulting on its debt. Puerto Rico’s government and the Puerto Rico Electric Power Authority say they will miss today’s deadline for more than $1 billion in payments on a debt of more than $73 billion. This comes as Puerto Rico’s unemployment is more than twice the U.S. national rate, and its poverty level is nearly double that of the poorest U.S. state. Meanwhile,...
    July 01, 2015 | Story
  • G7-leaders-obama-merkel-cameron-bavaria-germany-1
    As leaders of the seven wealthy democracies known as the Group of Seven hold talks in a secluded castle in Germany, thousands of protesters have been met with 20,000 police in the largest security operation in the history of Bavaria. Issues on the G7 agenda include climate change, a $10.4 billion bailout package for Greece, and more austerity measures. We are joined by three guests: Gawain Kripke of Oxfam America, which just published the new...
    June 08, 2015 | Story
  • De_blasio
    Tuesday’s election signaled a political sea change in New York City as voters chose a candidate who repeatedly emphasized his progressive vision. The city’s public advocate, Bill de Blasio, crushed Republican Joe Lhota in the mayoral race to replace billionaire mayor Mike Bloomberg. De Blasio is set to become the first Democrat to lead the city in two decades. During his campaign, de Blasio’s signature message focused on what...
    November 08, 2013 | Story
  • Student-loan
    The interest rate for federally subsidized student loans has doubled to 6.8 percent after Congress failed to reach a deal to avoid the hike. A proposal by Democratic Senator Elizabeth Warren to lower student loan interest rates to 0.75 percent — the same rate given to big banks on government loans — also faltered before the deadline. Lawmakers will still have a chance to come to an agreement before the next school year, but...
    July 03, 2013 | Story
  • Column_default
    By Amy Goodman with Denis Moynihan

    Amaia Engana didn’t wait to be evicted from her home. On Nov. 9, in the town of Barakaldo, a suburb of Bilbao in Spain’s Basque Country, officials from the local judiciary were on their way to serve her eviction papers. Amaia stood on a chair and threw herself out of her fifth-floor apartment window, dying instantly on impact on the sidewalk below. She was the second person in two weeks in Spain to commit...

    November 15, 2012 | Columns & Articles
  • Rolling_jubalee_opt_1
    An offshoot of Occupy Wall Street has launched a new movement called "Rolling Jubilee" to buy distressed debt from financial firms, often for pennies on the dollar, and then canceling it so that borrowers do not have to repay. The people who incurred the debt in the first place then get a certified letter informing them they are off the hook. Typically, financial institutions sell debt for pennies on the dollar to third parties who...
    November 15, 2012 | Story
  • Discussion
    The Occupy Wall Street movement is largely credited for reframing the national dialogue on economic inequality and popularizing the phrase, "We are the 99 percent." We host a roundtable with Frances Fox Piven, an author and professor at City University of New York who has studied social movements for decades; Nathan Schneider, editor of the blog Waging Nonviolence, which has extensively covered the Occupy movement; and Suzanne...
    September 17, 2012 | Story
  • Button-simpson
    Earlier this week, former Sen. Alan Simpson, who co-chaired President Obama’s bipartisan deficit commission, attacked New York Times columnist Paul Krugman, saying his work "borders on hysteria." We ask Krugman to respond to Simpson, who has advocated for slashing spending despite the economic downturn. "We’re witnessing a gigantic experiment in the kinds of policies that people like Simpson want," Krugman says....
    May 17, 2012 | Story
  • Student_debt_protest
    Today marks what activists are calling 1T Day, the day U.S. student debt reaches $1 trillion. A coalition of groups from Occupy Wall Street plan to gather on college campuses and communities around the country to protest record-high college costs and call for an extension of low-interest rates on federally subsidized Stafford loans. In a bid to court the youth vote, President Obama weighed in on student debt on Tuesday with a speech at the...
    April 25, 2012 | Story