Truthout
Debt
Capitalism Breeds Reckless Consumption and Starves the Public Sphere
Our culture systemically devalues things that have no price, such as caring for others and political participation.
Prop. 51 vs. a State-Owned Bank: How California Can Save $10 Billion on a $9 Billion Loan
There is a much cheaper way to fund this $9 billion school debt.
The Criminalization of Poverty: Woman Describes Fines and Arrests After $1.07 Check Bounces
In Sherwood, Arkansas a former resident describes what happened after a check for a $1.07 loaf of bread bounced.
Lawmakers to Question Executive of New Jersey’s Controversial Student Loan Agency
A ProPublica and New York Times investigation has prompted a state Senate hearing on aggressive collection practices.
How New Jersey Has Embraced “State-Sanctioned Loan-Sharking” to Students
New Jersey has the country's largest state-based student loan program. It's also incredibly unforgiving.
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In Bill, Lawmakers Propose New Limits for Seizing Workers’ Pay Over Old Debts
A bill could put new limits on what debt collectors access to paychecks and bank accounts.
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You’re Overdrafted, They’re Overpaid
Banks are taking advantage of Americans desperately trying to juggle their finances, and that squeezing is really paying off — at the top.
Brexit and the Derivatives Time Bomb
A $500 trillion derivatives time bomb poised atop a $100 trillion mountain of debt is not a stable situation.
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The Punishment Paradigm: Two New Books Take on Prison, Race and History
Two works by young scholars of color bring fresh perspectives to the history of mass incarceration and the rise of debtors' prisons.
Senate Clears Way for Puerto Rico Bill: “The Ultimate Neocolonialism“
Legislation that would allow the government of Puerto Rico to restructure its debt cleared the final major hurdle before a critical deadline.