Category Archives: debt

How a train through paradise turned into a $9 billion debacle | Green High Speed Rail Fantasy

In a project that has tallied one of America’s biggest cost overruns, Honolulu officials rushed construction of an elevated railroad before finishing key steps such as a check of native burial grounds, racking up huge delays and ballooning expenses. A … Continue reading

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Chinese Build Ecuadorian Dam Has 7,648 Cracks and Doesn’t Work | 90$ Billion In Debt to China

As early as 2014, technicians noticed cracks in the Chinese-made stainless steel equipment. That December, 13 workers were killed when a tunnel flooded and collapsed. A senior engineer sent records to Mr. Correa, the president, asking to brief him on … Continue reading

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Abe Lincoln’s library faces so much debt that it’s considering selling his stuff — including his hat and gloves  | Go Fund Me to Help

The Abraham Lincoln Presidential Library Foundation, which supports Lincoln’s museum in Springfield, Ill., has found itself $9.7 million in debt on a loan it took out 11 years ago to purchase a collection of rare artifacts from a private collector. … Continue reading

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Hospitals scrap surgeries, Venezuelans forgo showers as taps run dry | Oil Rich and Broken

CARACAS (Reuters) – At one of Caracas’ biggest public hospitals, most bathrooms are closed. Patients fill jugs from a tiny tap on the ground floor that sometimes has a trickle of water. Operations are postponed or canceled. Water cuts are … Continue reading

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The Truth About Illinois Pensions In One Stunning Chart | Democrat Promises That Can’t Be Kept

In 1987, pension promises made to active workers and retirees in the state’s five state-run pension plans totaled just $18 billion. By 2016, they had ballooned to $208 billion. That’s a cumulative 1,067 percent increase. Contrast that to the state’s … Continue reading

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Feds Launch Review Of Teachers’ Grant Program That The Obama Administration Did Not Fix

  After two years of fighting (started before Trump), McCollum says she’d given up hope. And many teachers who reached out to NPR said the same…. It’s a financial nightmare for public school teachers around the country: Federal grants they … Continue reading

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‘Do you fear me?’: Venezuelan Socialist Maduro vows to gatecrash regional summit

Peru’s center-right government this week said Maduro would not be welcome at the Summit of the Americas in April, reinforcing his growing diplomatic isolation during a crackdown on dissent and a brutal economic crisis in Venezuela. “Do you fear me? … Continue reading

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