Fri.May 10, 2024

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Decoding America’s escalating debt crisis

Due

The United States is currently in the throes of a staggering $34 trillion debt crisis, which has economists, policymakers, and the general public engaged in heated debates. The country’s debt-to-Gross Domestic Product (GDP) ratio is at an all-time high, a situation attributed mainly to unprecedented money printing. This has led to inflation and a looming social security crisis, with the government admitting that it may not be able to fully pay social security starting in 2034.

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Recognizing Our Military Spouses - Happy 2024 MilSpouse Appreciation Day!

Accounting Department

Our AccountingDepartment.com family is proud of its vibrant and diverse “cast of characters”—we span the country with our team members coming from all backgrounds and personalities. Included among our team are some amazing Military Spouses whose hard work, dedication, and contributions are part of what makes our family so strong—and theirs as well.

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Quarterly Focus: Global Debt Collection Strategy & Opportunities in Poland and France; Updates on Major Players

Reorg Blog

The post Quarterly Focus: Global Debt Collection Strategy & Opportunities in Poland and France; Updates on Major Players appeared first on Reorg.

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The U.S. banking industry wins battle in $8 credit card fee war

Due

The U.S. court system has delayed the rule to cap credit card late fees at a maximum of 8 dollars monthly, a win for major banking institutions. The legislation, a crucial step in protecting consumer interests, was championed by the Consumer Financial Protection Bureau (CFPS) and, unfortunately, was stalled in federal court on Friday, May 11. Credit card late fee cap stalled The injunction , halts the implementation of a regulation that would have gone into effect Tuesday, May 14.

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Financial reporting made easy for NGOs

Plooto

Thames Valley Family Health Team (TVFHT) provides primary health care to more than 160,000 patients through a network of 120 physicians. As the team grew, managing its accounts became more onerous. The organization’s small accounting team input data manually to process, pay and track invoices — an approach that became unmanageable as the number of invoices tripled and then quadrupled over a two-year period.

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Deciphering the truth about online earning

Due

In our increasingly digital world, the appeal of making money online has never been stronger. The internet is awash with tales of young entrepreneurs who boast about earning staggering sums from the comfort of their own homes or even while globetrotting. One such story that made the rounds was of a 21-year-old who claimed to rake in $45,000 a month through Amazon Associates.

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Understanding the Financials of Venturing into a Livestock Business

Due

Retirement opens opportunities to transition into a new career or business you are passionate about. Many retirees consider venturing into agriculture and livestock, believing farm life can be a relaxing and fulfilling experience compared to a conventional nine-to-five in the urban jungle. As with any business venture you may undertake — do your due diligence.

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FTX Plan Provides 125% GUC Recovery Plus Postpetition Interest; Debtors Still Finalizing Major Governmental Settlements

Reorg Blog

The post FTX Plan Provides 125% GUC Recovery Plus Postpetition Interest; Debtors Still Finalizing Major Governmental Settlements appeared first on Reorg.

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BP is eyeing a $1bn buyout of Tesla charging facilities

Due

Oil giant BP is investigating the Supercharger facilities and staff that are in limbo after Tesla’s mass cuts. Tesla, the electric vehicle manufacturer, founded by billionaire Elon Musk, recently made the decision to axe a substantial amount of the company headcount in a cost-cutting exercise, a move that has significant implications for the industry.

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FTX Plan Provides 125% GUC Recovery Plus Postpetition Interest; Debtors Still Finalizing Major Governmental Settlements

Reorg Blog

The post FTX Plan Provides 125% GUC Recovery Plus Postpetition Interest; Debtors Still Finalizing Major Governmental Settlements appeared first on Reorg.

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Quarterly Focus: Global Debt Collection Strategy & Opportunities in Poland and France; Updates on Major Players

Reorg Blog

The post Quarterly Focus: Global Debt Collection Strategy & Opportunities in Poland and France; Updates on Major Players appeared first on Reorg.