My sons owe me so much money I’m broke. How do I get them to repay me?
Bintel says it will take a tough mother to wrangle these schnorrers
debt
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Fast Forward Jewish Billionaire Revealed As Large Holder Of Puerto Rican Debt
Making a profit by purchasing cheap debt and selling it for a higher price is not illegal; indeed, Boston billionaire Seth Klarman has made much of his fortune that way. But it can be unpopular, especially when the indebted party is struggling. Klarman’s hedge fund, The Baupost Group, holds $911 million in Puerto Rico’s debt,…
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Breaking News Hadassah Retains Control of Jerusalem Hospital Under Debt Recovery Deal
The Hadassah Medical Organization in Jerusalem signed an agreement with the Israeli government on a debt recovery plan. Under the terms of the agreement signed last week, the Hadassah Women’s Zionist Organization will retain control of the hospital and appoint five members of a restructured nine-member board, the organization said in a statement about the…
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Breaking News Qatar Offers Palestinian Authority $150M in Debt Relief
Qatar has agreed to provide $150 million in debt relief to the Palestinian Authority, U.S. Secretary of State John Kerry said on Monday as he announced that Israeli-Palestinian peace talks are intensifying. Speaking after he briefed Arab states about the direct peace negotiations, which resumed on July 29 with a goal of reaching an agreement…
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News Yeshiva U.’s Credit Rating Downgraded by Moody’s as $380M Sex Abuse Suit Looms
For the third time in two years, Moody’s, the credit ratings service, has downgraded Yeshiva University’s debt, citing the school’s deep operating deficits, weak cash flow and uncertainty about a pending $380 million lawsuit filed against it. Just a few years ago, Moody’s gave Y.U. a healthy Aa3 credit rating. Moody’s latest report, released October…
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Opinion Abandoning Education, the Great Equalizer
As we all know, America is the quintessential Land of Opportunity. It turns out, however, that what we know is wrong — very wrong. As Nobel laureate Joseph Stiglitz wrote in The New York Times in mid-February, the gap between the American promise and the American reality “could hardly be wider.” That is a sobering…
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Breaking News Treasury Says No to $1T Platinum Coin Plan
So much for the $1 trillion platinum coin idea. The U.S. Treasury Department said on Saturday it will not produce platinum coins as a way of generating $1 trillion in revenue and avoiding a battle in Congress over raising the U.S. debt ceiling. The idea of creating $1 trillion by minting platinum coins has gained…
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Breaking News White House Cool to $1T Platinum Coin Plan
The White House on Wednesday sees little profit in the notion of minting $1 trillion platinum coin as an escape hatch to avoid a debt default if Congress balks at raising the U.S. debt limit. With another standoff with Congress over raising the debt ceiling looming as early as mid-February, a petition on the White…
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