Financial Crisis

Puerto Rico gov defies board, rejects reform, pension cuts

Apr 2, 2018

The powers of a federal control board overseeing Puerto Rico's finances could soon be tested as the U.S. territory's governor defies its calls to implement more austerity measures amid an 11-year recession

Trump's call for tariffs creating anxiety in the farm belt

Mar 31, 2018

There is growing unease in Iowa over President Donald Trump's plan to impose tariffs on a range of Chinese goods

Barclays to pay $2 billion to US to settle mortgage suit

Mar 29, 2018

Barclays to pay $2 billion to settle fraud claims over its sale of residential mortgage-backed securities

Germany cuts debt load as bad bank burden shrinks

Mar 29, 2018

Germany has cut its debt load thanks to a strong economy and the diminishing burden of bailing out banks during the financial crisis

US tech worker helps fellow Venezuelans flee economic mayhem

Mar 29, 2018

Busy tech worker in U.S. finds the time and money to help fellow Venezuelans flee economic mayhem

Board orders pension cuts, studies Puerto Rico wage increase

Mar 28, 2018

Federal control board demands pension cuts, considers raising minimum wage in Puerto Rico

Venezuela's famous youth orchestra faces tough times

Mar 27, 2018

Venezuela's famed youth orchestra network is facing one of the toughest periods in its history, following the death of its charismatic founder, Jose Antonio Abreu

Court halts embargo of Puerto Rico Catholic church accounts

Mar 27, 2018

An appeals court has temporarily halted a judge's ruling that ordered Puerto Rican authorities to embargo the accounts of the island's Roman Catholic Church to ensure the payment of $4.7 million in teacher pensions

Brazil struggles to care for Venezuela's indigenous Warao

Mar 27, 2018

Cultural and linguistic differences, along with acute health issues, are making it difficult for Brazil to care for indigenous Warao coming from Venezuela amid a deepening crisis there

Comptroller: Wall Street average bonus topped $184K in 2017

Mar 26, 2018

New York state's top elected fiscal officer says the average bonus paid to securities industry employees in New York City rose by 17 percent last year as Wall Street profits soared for a second consecutive year

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