Rand Paul Has More Than $300,000 in Unpaid Bills From Failed Presidential Bid 

Hannah Gold · 07/31/16 03:40PM

The Lexington Herald-Leader reported on Saturday that the Republican Senator from Kentucky, Rand Paul, has yet to pay off $301,108 in debt accrued during his failed presidential bid, according to his most recent Federal Elections Commission filing, on June 30. Poor Rand only has $2,558 in cash on hand to balance his debts, at present.

How Scared Should You Be of a Chinese Financial Meltdown? 

Hamilton Nolan · 06/06/16 03:55PM

You may be a busy person, but it is important to keep up-to-date on the most current threats to the stability of the global economy, which could plunge us all into poverty and despair. Speaking of that, is China poised for a disaster of hideous proportions?

Payday Loans to Be Marginally Less Terrible

Hamilton Nolan · 06/02/16 08:45AM

A new proposed rule that would ever so slightly curb the excesses of the payday loan industry is an exciting thing: the government, which represents us, acting against awful exploitative money vampires. The system works, a little bit!

A Legitimate Way to Get Out of Your Student Loans

Hamilton Nolan · 01/20/16 09:18AM

There are millions of onetime college students in America who owe huge sums of money for student loans that bought them an education that turned out to have little market value. Now, there may be a ray of hope for their financial future.

Hudson Hongo · 08/11/15 10:15PM

After 23 hours of talks, Greece and its international creditors reached a tentative agreement for an 85 billion euro bailout on Tuesday, Reuters reports. “There remains work to be done with details,” cautioned Finland’s Finance Minister. “We must take one step at a time. Agreement is a big word.”

Austerity Is Coming For Your Kids

Hamilton Nolan · 07/28/15 09:33AM

Puerto Rico is facing an unsustainable level of debt. Its lenders, guardians of financial probity that they are, have come up with a solution: close schools.

Moral Hazard and Its Victims

Hamilton Nolan · 07/13/15 11:25AM

After all of the boisterous noise about rejecting austerity, Greece has finally agreed to the outlines of a bailout to address its debt crisis: more austerity. Its future is grim(mer). At times like this, it is useful to ask which side has the morality, and which has only the hazards.

All Debt Is Negotiable

Hamilton Nolan · 07/06/15 01:00PM

Now that Greece’s citizens have overwhelmingly rejected the idea of continued financial austerity, the rest of Europe—particularly Germany—must decide whether to continue to hound the broke-ass Greeks to repay their debts. And Germany’s own moral superiority is far murkier than Germans might think.

Time For the Next Global Financial Panic? Maybe!

Hamilton Nolan · 06/29/15 08:33AM

Though is not technically in the business of sophisticated financial analysis of the global economy, we must report to you this morning that it may be time to panic.

The Student Debt Situation Is Very Bad, Obviously

Hamilton Nolan · 02/18/15 09:47AM

Student debt, like global warming, is one of those rare categories of news in which the latest news is always worse, never better. How are the very latest numbers? Bad!