Joliet Man Charged With Aggravated Assault and Attempted Robbery After Parking Lot Attack Over Unpaid Debt

JOLIET, Ill. — Authorities have charged 66-year-old Lamarris Creal from Joliet’s east side in a recent assault and attempted robbery that occurred in a local parking lot. The incident, which unfolded at Highland Liquors on East Cass Street, involved the serious assault of a 69-year-old man. Creal was arrested by the Will County Sheriff’s Office … Read more

Hammer-Wielding Attacker Jailed After Violent Demand for Drug Debt Payment

Midleton, Ireland — A violent incident that saw a teenager harassed and assaulted over a purported drug debt has culminated in a prison sentence for one of the assailants. Tarran Troy, a man in his early twenties from Lauriston Park, Midleton, Co Cork, has been sentenced to three and a half years in jail after … Read more

Fatal Shooting on Lloyd St Tied to Gang Debt Dispute, Court Documents Reveal

Bakersfield, Calif. — A recent fatal shooting on Lloyd Street in Bakersfield, California, is believed to have been the result of unresolved gang-related debts, according to newly released court documents. The victim, whose identity has not been disclosed, was reportedly embroiled in financial disputes tied to gang activities, which detectives suspect led to this tragic … Read more

Friendship Turned Fatal: Hyderabad man murdered by friends over unpaid debt

Hyderabad, India: In a tragic incident, a 28-year-old man lost his life after being attacked by his two friends near Khilwat Ground in Hussaini Alam. The victim, Masood Ali, was allegedly murdered by Mirja Ali and Shaheed following a dispute over a loan of 16,000 rupees. The suspects reportedly used knives and boulders in the … Read more

Massive Debt Explosion and Neoliberal Policy Impact Explored by Political Economists

DENVER, COLORADO – Political economists Radhika Desai and Michael Hudson engage in a detailed discussion about the significant escalation of debt in the United States and around the world, shedding light on how neoliberal economics fosters extensive bubbles based on speculation and asset-price inflation. In their latest Geopolitical Economy Hour episode, Desai and Hudson delve … Read more

U.S. Government’s Credit Rating Downgraded: No Shock Here

A congressional watchdog had repeatedly cautioned lawmakers about the nation’s spending and debt levels. Recently, Fitch Ratings, a major credit rating agency, downgraded the United States government’s credit rating from AAA to AA+. This decision was based on several factors, including the high national Debt, ongoing deficits, and a perceived “erosion of governance” in the … Read more