Debt Topics

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

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  • 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...
    Sep 17, 2012 | Story
  • 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...
    Nov 15, 2012 | Story
  • Amys_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...

    Nov 15, 2012 | Columns & Articles
  • 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...
    Jul 03, 2013 | 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...
    Nov 08, 2013 | Story