Background: The National Retail Federation said it expects holiday retail sales to rise between 3.8% and 4.2% over 2018 to a total of $727.9 billion to $730.7 billion. Despite being worried about debt, consumers will still spend an average of $1,679 on gifts this year, 75% more than last year, Experian found. Advice: Budget your […]
Background: In 2017 Bumble Bee was fined for price fixing. Fine was $25 million The Fishy Cartel: Chicken of the Sea and Star-Kist Still owe $17 million Outcome: Taiwan company FCF Fishery bought for $925 million FCF is Bumble Bee’s largest creditor Eventually you get caught when you do something “fishy”. Always stay honest. Something […]
Background: Approximately $1.5 trillion owed as of June 2019 Far exceeds auto loans and credit card debts Currently non-dischargeable Been increasing $70 billion to $100 billion per year since 2006 Bureau of census indicates about 17.6% of American adults have student loans Pending in Congress: May 9, 2019, the Student Borrower Bankruptcy Relief Act of […]
