HARARE, Zimbabwe (AP) — Zimbabwe on Friday launched a new currency to replace its previous one that in recent months has been battered by depreciation, and in some instances rejection by the population. Authorities hope the new measure will halt a currency crisis underlining the country’s yearslong economic troubles. Reserve Bank of Zimbabwe Gov. John Mushayavanhu said the new currency …
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Interest on the federal debt is exploding much faster than the government predicted. It turns out Congress and the executive branch are as bad at projecting the future as they are at saving money. Yet much more alarming than the mathematical deficiencies of government is the rate at which America is running out of time to solve its debt crisis. …
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Ethiopia’s biggest bank says it has recouped nearly 80% of the cash it lost during what it says was a glitch in its system that allowed customers to take out more money than they had in their accounts. Abe Sano, president of the Commercial Bank of Ethiopia, told reporters Tuesday that around $14 million was withdrawn or digitally transferred during …
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One of the most vulnerable moments in life is feeling like your bank account has been hacked. Then, realizing that it is actually compromised is definitely a heart-sinking moment. Unfortunately, hacking is a harsh reality of our digital age, so know you are not alone. While it can cause you to feel a wave of negative emotions, there are steps …
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Thelending institutionsaretaking advantage of senior citizens by squeezingtheir cash flowandpenalizingtheir kids by overchargingthem. Adults over 65 years old account for more than 17% oftheU.S. population, or closeto58 million.They enjoy a higher level of credit score at an average of 750 as comparedtomillennials (age of about 26to41) averaging a 687 scoreandGen X (age 42toabout 57) averaging 706. TheFICO score disparity indicates …
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