Category Archives: debt

Puerto Rico utility ignored advice on repair deal

via Puerto Rico utility ignored advice on repair deal | Fox News “The law firm, Greenberg Traurig, recommended that the state-run power authority be allowed to terminate the deal within 10 days for any breach by the company, Whitefish Energy … Continue reading

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Venezuela Defaults – Blames It on Trump | Socialists Don’t Understand Money

Venezuela’s grand gathering with creditors Monday lasted all of 30 minutes and didn’t produce anything of substance. To make matters worse, S&P Global Ratings declared the country in default while Fitch Ratings cited missed payments by the state oil company. … Continue reading

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Venezuelans weary of exit plan for country’s crisis

With his country spiraling into a desperate financial crisis, Venezuela’s president has proposed restructuring its massive debt, leaving international investors wondering Friday whether they’ll be paid and some residents expressing doubt the socialist leader can improve their lives. President Nicolas … Continue reading

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Educated Into A Complete Idiot | Algebra/Geometry Perpetuate White Privilege

Prof: Algebra, geometry perpetuate white privilege Buckminster Fuller was famous for many things, but my favorite soundbite is ‘you never learn less’. Surely even a failure results in learning what not to do. I believed this for many years until … Continue reading

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Unfunded Debt 15 Times Higher in Democratic Run States

States with liberal one-party control have average liability of $22,214 per taxpayer vs. $1,473 in red states Source: Study: Unfunded Debt 15 Times Higher in Democratic-Run States | LifeZette “States with divided power are in the middle, with an average … Continue reading

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California’s public colleges to no longer require students to know math or read | Behold, The CA. Dark Age

Source: California’s public colleges to no longer require students to know math or read | Behind The Black “The new protocol, which will go into effect in fall 2018, “facilitates equitable opportunity for first-year students to succeed through existing and … Continue reading

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Chicago Public Schools to pay $850 million in interest on $500 million loan | Debt Madness

Educators need a lesson on financial planning. Compounding debt is a solution for anything. It’s the path to becoming Detroit. Source: Chicago Public Schools to pay $850 million in interest on $500 million loan “In July, Chicago Public Schools borrowed … Continue reading

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