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The article offers information on the Durban High Court's decision to deny Tongaat Hulett's business rescue practitioners' request to appeal a judgment requiring the company to pay outstanding levies to the sugar industry.

The article discusses the legal battles faced by Adam Neumann, founder of real estate company WeWork. Topics covered include the 1.9 billion U.S. dollars in losses reported by WeWork in 2018, the company's culture of tyrannical partying, and the bailout package offered to Neumann by Japanese investor SoftBank.

The article discusses the state of the U.S. banking industry amidst the collapse of Silicon Valley Bank (SVB). Also cited are the losses posted by the bank due partly to its long-dated bonds, which accounted for around 50% of its assets, how SVB's bankruptcy triggered cash withdrawals in other banks, and the key role played by the Federal Reserve (Fed) in ensuring the liquidity of banks.

The article offers information on Tongaat Hulett's business rescue plan being approved by its creditors, with Vision Consortium set to take over the business by acquiring R8 billion debt through a partial debt-for-equity swap.

The article highlights the significance for farmers in South Africa to have a business rescue plan in order to protect their enterprise amidst the collapse of state services and infrastructure. Cited are the challenges facing farmers in the country, how the government is dealing with the problems, and short-term and long-term plans to help farmers protect their business.

The article profiles U.S. Senator Elizabeth Warren, focusing on her efforts to reform the U.S. financial industry. Topics include the legislation she has proposed that would have the U.S. government lower the interest rate for student loans to 0.75%, the rate the Federal Reserve offers to banks; Warren's previous work as the chairperson of the U.S. Congressional Oversight Panel investigating the 2009 government bailouts; and the disproportionate effect of the 2008 global financial crisis on racial minorities, the working poor, and the less-educated.

The article discusses the updates in the banking industry of Switzerland, particularly the failure of Credit Suisse and its bailout by the Union Bank of Switzerland (UBS). Also cited are the effects of the bankruptcy to investors like the Saudi National Bank, and the anger voiced out by Credit Suisse's non-institutional shareholders on the bank's demise.

The article discusses American Atheists (AA) launches investigation into U.S. president Donald Trump administration's secretive church bailouts. Topics include churches and other houses of worship enjoy a peculiar privilege among tax-exempt charities and nonprofits in the US; and AA has submitted multiple Freedom of Information Act (FOIA) requests to the Small Business Administration.

The article discusses the political campaign of the millionaire investor, U.S. Republican, and presidential candidate for the 2012 U.S. election, Mitt Romney, with a focus on Romney's opposition to the U.S. government bailout of the automobile industry in 2009. Topics include hedge funds which profited from the automobile bailout, including Elliott Management, directed by Paul Singer; Singer's contributions to Romney's campaign; and Singer's investments in distressed firms and debt-laden countries, known as vulture investing. The financial history of the automobile company Delphi Automotive is also examined. INSET: Mr. Singer and Mr. Ryan.

The article discusses federal flood insurance program, subsidizing rich costal homeowners. Topics include natural calamities in the year 2021 cost insurers heavily including fifteen billion dollars worth of damage by the winter storm Uri alone; the Federal Emergency Management Agency will implement a new pricing system in effort to make premiums fairer to the damages as insurance companies face heavy losses; National Flood Insurance Program required bailouts to keep up with the current claims.

The article offers information on Canada's response to the COVID-19 pandemic. Topics discussed include information on prime minster Justin Trudeau's bailout packages flow to consumer markets, the oil and gas industry, and mortgage banks; use of spaces for sanctuary from the streets and for access to running water; and use of hotel rooms to people who are homeless and living in single-room-occupancy (SRO) hotels.

The article presents excerpts from the book "Better, Stronger, Faster" by Daniel Gross on the subject of the recovery of the U.S. economy after the global recession in 2008. Topics include economic conditions in the U.S. since the lows of March 2009, the doubling of the stock market, record corporate profits and exports, government bailouts of corporations, and the financial restructuring of U.S. companies to create profitable business models. Also discussed are foreign direct investments (FDI) in the U.S., U.S. exports and tourism, and unemployment rates.

The article looks at criticisms of the first term of U.S. President Barack Obama from both sides of the political spectrum. The author argues that conservatives have portrayed Obama as much more liberal than his record on issues such as taxes and foreign policy, and do not acknowledge that he averted an economic depression with the stimulus package and the bank and auto industry bailouts. He also asserts that many of liberals' complaints are not realistic about what can be accomplished in a divided political climate and do not focus enough on his successes such as gay rights, appointing two women to the Supreme Court, and taking an important step towards universal health care. It is suggested that Obama is a long-term planner who values pragmatism over ideology.

The article discusses mortgage crises in euro-zone countries such as Spain and Ireland where collapsed housing markets have caused foreclosures to rise sharply. Spain and Ireland are among nations that do not permit homeowners to engage in "strategic defaults" that rid them of debt. It is noted that bailouts in the euro zone have largely benefited banks rather than homeowners.

The article discusses how the relationship between U.S. President Barack Obama and Jamie Dimon, chief executive officer (CEO) of finance company JP Morgan Chase, has changed. The author notes that Dimon was not invited to a state dinner that was held as Obama promoted financial reform legislation and comments that despite his liberal views, Dimon has criticized the Obama administration's policies. Dimon's views on public issues, such as government bailouts to American banks during the financial crisis, are noted. The opposition of banking CEOs to government reforms on derivatives and the administration's efforts to recoup bailout money and prevent proprietary trading from banks are noted.

In this article the authors express their opinion on how U.S. President Barack Obama should respond to populist anger from members of both the Democratic and the Republican Parties. They suggest that the popular opinion on topics including bank bailouts, stock market manipulation, and payroll taxes might offer the best perspective on appropriate solutions.

The article presents a speech by Cato Institute's Executive Vice President David Boaz, "Freedom in Crisis: The Beginning of the Renaissance of the Free-Market Movement?," which was delivered at Cato University in Rancho Bernardo, California on July 30, 2009. Topics include freedom, capitalism, and bailouts.

In this article the author discusses the bank bailout measures undertaken by the U.S. government in response to the global financial crisis of 2008-09. The central focus of the article is explaining the features of the program in home economics terms, creating a fictional middle class couple who were recipients of government money.

The author discusses the banking industry in the U.S. in 2009 and says that even though large banks caused the 2008 and 2009 global financial crisis, they have recovered quickly in 2009, while ordinary people continue to face foreclosure and unemployment. The author claims that government handled the crisis poorly by giving large bailouts to failed banks and making taxpayers pay for it. This strategy has allowed banks like Goldman Sachs and JPMorgan Chase to continue growing without any consequences.

The author discusses the importance of fixing the U.S. Federal Reserve (Fed) in order to improve the U.S. financial system. The article discusses the futility of the U.S. banking system bailout, and how politically unpopular this type of expenditure is. The author discusses how the Fed was affected by years of deregulation, and describes the necessary steps that will allow the Fed to regain its power to control the credit system and right the financial crisis.

The author suggests that the U.S. clear up its banking crisis by nationalizing its banking system, and defines that crisis as one caused by behavior that has left most banks on the verge of bankruptcy. The author suggests that banks should pay for the bailout costs they've imposed on U.S. citizens, and that while the banks should be saved from bankruptcy, the bankers and shareholders should not.

The article discusses the career of U.S. Congressman Barney Frank, and how the U.S. bailout plan may redeem his reputation and career. Although known for being outspoken and blunt, Frank's contributions during the bailout plan hearings were praised by both political parties. The article offers a history of Frank's career, the publicity brought on by his sex scandal, and considers how Frank's work on the financial crisis may rebuild his reputation.

EXcerpts are presented of remarks made by U.S. Senator Richard Shelby during floor debate on the bailout legislation for the financial services industry on October 1, 2008.

The article discusses the life of U.S. Treasury Secretary Henry Paulson. Paulson, who was the former chief executive officer (CEO) of Goldman Sachs, was appointed Secretary of the Treasury in 2006 by President George W. Bush. Topics include an in-depth examination of Paulson's tenure as Treasury Secretary, a brief history of his life in the private business sector, and comments on the bailout.

The author discusses the U.S. government's need to demand a rigorous Green New Deal in the event of a new financial crisis bailout request by Wall Street as of 2019. Topics covered include the government's missed opportunity during the 2008 financial crisis, and the need for future bailout recipients to be subjected to strict carbon audits on their projects. Also noted is its application if the transportation sector push for affordable public transit networks.

The article presents the discussion on exploring the reasons behind Lebanon's luxury revival amidst economic despair. Topics include prompted a desperate search for financial support such as attempts to secure a $3 billion bailout from the International Monetary Fund; and entrepreneurs seeing the opportunities in Lebanon's luxury sector, capitalizing on the demand for high-end services.

The article discusses the impasse between indebted Arab states (Egypt, Lebanon and Tunisia) and the international monetary fund (IMF) regarding bailout talks. Topics include the challenges they face, such as high debt, dwindling reserves and economic dysfunction; the countries' delays in finalizing agreements with the IMF; and economic problems and the limitations of IMF programs in the region.

Reports that workers can no longer count on company-funded retirements. How companies which could not keep up with their promised pensions to retired workers turned their plans over to the federal Pension Benefit Guaranty Corp which only covers standard pension benefits; Other huge companies that have handed over their plans to the PBGC which has announced it faces a future $23.5 billion shortfall; Termination of many pension plans by struggling companies which has resulted in only about 20% of workers earning a pension; How the corporate shift to 401(K)s means lower payments to retirees; Possibility of a government bailout like that done for the savings and loan industry; History of pensions in the United States and what went wrong; Which group will suffer the most. INSET: CORPORATE HONCHOS TAKE CARE OF THEIR OWN FIRST.

The article reports that Pakistan suffers from an economic crisis of severe magnitude due to a lack of foreign exchange reserves, rocketing inflation, and the after-effects of monsoon flooding. Topics include political dysfunction and corruption in the country are affecting the government's response to financial crises; and bailout program agreed upon with the International Monetary Fund in 2019 with default on its sovereign debt without the fund's help in economic and environmental crises.

Describes the bailout of the hedge fund Long-Term Capital Management (LTCM) by the New York Federal Reserve. Disastrous investments made by LTCM and their scope; Impact of the bailout on investors and markets; Questions raised by the bailout; Evidence for the impact of the Asian financial crisis on the United States; Role of LCTM Chairman John W. Meriwether; LCTM's history and investment strategy; Concerns about future bailouts; More. INSETS: OK, so what's a derivative? by James M. Pethokoukis;Wall Street becomes Mean Street, by F.V..

The article forecasts an emerging era of macroeconomics that promises to tackle problems like climate change and aging, but poses dangers like financial chaos, broken central banks and out-of-control spending. It attributes inflation growth to government stimulus, bail touts and interest rates hike and cautions against a system of financing that relies less on banks and more on fluid market and technology. It discusses the influence of excess savings in depressing underlying real interest rate.

The article focuses on the shortage of finance faced by colleges in Great Britain. It mentions that the Department for Education has been asked for emergency financial support. It mentions that per-student funding for 16- to 18-year-olds has not increased and new insolvency regime being introduced, that one-off bailouts could soon become a thing of the past.

The article examines the financial crisis affecting global economy in 2008. Analyses on the responses by governments and financial institutions and the economic impact, is provided. Also emphasized is China's responsibility to enhance its financial sector by extensive reforms and the conclusion of the bailout programs in the economic and political union European Union (EU) for crisis-mired Greece.

The article discusses the stock exchange crash at Dow Jones Industrial Average on 28 October 1997. As compared to 1929 crisis, when stocks lost nearly 25 percent in back-to-back crashes, this time the market recovered nearly two-thirds of its losses the next day. It was hard to work up much nervousness in a world of government bailouts and indulgent central banks, crashes never turn into panics or depressions. Instead of a rout running its course, regulators say soothing things and corporations announce big plans to buy their own stock to support its price. It's no wonder investors expect surreal, sustained returns. When the market falls, what else is there to do but buy with both hands?

The article presents economic updates in China, particularly on how the government infrastructure projects across the country are causing debt problems, particularly in far-flung provinces, due to factors like the coronavirus pandemic. It cites the case of Guiyang province, which is already having issues in paying its debt and is seeking a central-government bail-out. Also cited is how state-controlled firms and policy banks could help address the issues.

The IMF demanded that Pakistan renegotiate terms of its already outstanding debt with China, but China has so far refused. The IMF team was supposed to visit Pakistan in December to negotiate the bailout package, but only arrived in January and imposed conditions that Pakistan's prime minister described as "beyond imagination". Pakistan has increased taxes on goods, slashed fuel subsidies and hiked interest rates to meet the demands made by the International Monetary Fund (IMF), after the country requested an emergency financial bailout. [Extracted from the article]

The article discusses the actions of the U.S. Department of the Treasury and the U.S. Federal Reserve during the 2008 U.S. financial crisis. Topics include the relation of Treasury Department investment in the mortgage lending firms Fannie Mae and Freddie Mac, the legality of the use of the Exchange Stabilization Fund and the Troubled Asset Relief Program (TARP), and public opinion about government responses to financial crises.

The article discusses the impact of the coronavirus epidemic on calls for government bailouts across industries. Topics discussed include views of U.S. President Donald Trump on the impact of the disease on economy and his reelection campaign; demand for leisure travel and views of Matt Stoller, research director of the American Economic Liberties Project, on nationalization.

In this article, part of a special series in the magazine devoted to the issue of inequality in the United States and what can be done about it, the author cites the turmoil in the housing market as the primary cause of the financial crisis in the United States. He examines a number of issues including the large banking and financial services industry bailouts provided by the government, the $1 trillion in demand created by the expansion of the housing market, and the inadequacy of the stimulus plan introduced by the administration of U.S. president Barack Obama.

In this article the author comments on efforts to reform the banking and financial services industry undertaken by U.S. president Barack Obama. The author is of the opinion that the measures enacted by the U.S. congress do not amount to reform and imposed little financial change. Examined are a number of provisions of the legislation including the formation of the Consumer Financial Protection Agency, the weakening of stronger regulation of derivative securities, and the fact that U.S. tax payers are still liable for bank bailouts.

The article examines how the U.S. response to the economic recession may actually facilitate greater economic problems in the future. While the U.S. Federal Reserve System managed to successfully rescue the majority of banks through financial bailouts, the author urges that this methodology will exacerbate the long-term pattern of financial irresponsibility among banks. The role of Federal Reserve Chairman Ben Bernanke is discussed.

In this article the author discusses the survey conducted by the U.S. government to determine the credit- worthiness of banks receiving public bailout funds in response to the 2009 financial crisis. Several questions surrounding this issue are addressed including the reaction of Ben Bernanke, the chairman of the Federal Reserve, and the amount of money required to support a number of major banks.

In this article the author considers an aspect of the economic crisis afflicting the U.S. automobile industry, current in May 2009. Central to the article is an examination of efforts by the administration of U.S. president Barack Obama to aid the industry through government support and bailouts. Also considered is the impact the collapse of the industry would have on the U.S. working class.

The author discusses the challenges for U.S. President Barack Obama during the U.S. financial crisis. Consumers' lack of access to credit is discussed. The author explains that banks are still not lending despite the fiscal stimulus and bank bailouts. The speed of the American political system to address the financial crisis is examined. The author comments on the need to rescue the American model to restore America's credibility and influence.

The author discusses how U.S. President Franklin D. Roosevelt handled the 1932 financial crisis and the importance that U.S. President-elect Barack Obama act decisively to handle the crisis facing him in 2009. The author discusses the two crises and how Roosevelt restarted the banking system and instituted the U.S. Civilian Conservation Corps. The author states that Obama must bail out the bankers with a bold economic recovery package, and be able to work with the U.S. Congress.

The article discusses actions taken by U.S. Congressional conservatives to prevent Democrat-led initiatives. Congressmen such as Roy Blunt threatened to occupy the U.S. House floor until U.S. Speaker Nancy Pelosi agreed to vote on off-shore petroleum drilling. Conservative Representatives led a revolt that stopped Senator Dianne Feinstein's immigrant amnesty bill. The bank bailout plan of 2008 is discussed. The article compares the 2008 U.S. conservatives with those of the 1930s New Deal era.

The author suggests that allowing the U.S. automakers General Motors, Chrysler, and Ford to go bankrupt would be unwise, and that a bailout program with systemic reforms could be the best option. These reforms could include a New Deal-type jobs program, infrastructure projects, and the creation of a universal healthcare system. The author states that a automaker bankruptcy should not be used to demean the United Automobile Workers of America or labor unions themselves.

The article announces that the work of economist Hyman Minsky has come back into vogue because of the U.S. financial crisis. Minsky was a post-Keynesian economist who explained financial crises as being caused by free-market capitalism and economists like Milton Friedman who were anti-regulation. Minsky wrote that nonregulated markets produced instability, that investors will take on great risks until the markets crash, and that bailouts are ineffective over time.

The article discusses the way that the voter registration organization ACORN has been blamed for voter fraud, banking industry irresponsibility, and the 2008 U.S. financial crisis. The author states that the "Wall Street Journal" accused ACORN of promoting the Community Reinvestment Act which helped usher in the subprime loans scandal, and of trying to create a trust fund from the U.S. bailout bill.