IMF Executive Board Approves Immediate Debt Relief for 25 Countries

(Justin Deschamps) The International Monetary Fund recently stated it would institute a coronavirus relief policy, totaling $500 million for debt relief. The relief is in the form of a grant, specifically to be used by nations that are having difficulty in paying their IMF debt obligations. This sounds good on the surface, but I would argue it is a token gesture that offers only short term help without addressing the grander issue of economic fallout due to the global pandemic. 

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Billionaire Who Promised To Pay Off College Students’ Debt Is Tackling Their Parents’ Debt, Too

(Mandy Froelich) Good news! In May of this year, multi-billionaire and philanthropist Robert F. Smith.pledged to pay off the student loan debt of an entire graduating class. Now, he’s intent on paying off the debt of the students’ parents, as well!

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18 Facts on the US National Debt That Are Almost Too Hard to Believe

(Mitchell Nemeth) At around $22.5 trillion, the United States national debt sits at 106 percent of Gross Domestic Product (GDP). There is no disputing that this gigantic debt will someday become due and payable. However, there is hesitation among the political class as to what must be done to pay down and eliminate this debt.

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We Have Spent $32 Million Per Hour on War Since 2001

(Stephanie Savell) This March marked the 16th anniversary of the U.S.-led invasion of Iraq. In 2003, President George W. Bush and his advisers based their case for war on the idea that Saddam Hussein, then dictator of Iraq, possessed weapons of mass destruction — weapons that have never been found. Nevertheless, all these years later, Bush’s “Global War on Terror” continues — in Iraq and in many other countries.

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