March 20, 2021

sees

Nebraska grandmother sees all of her nearly $90,000 in student loans discharged

A grandmother who had nearly $90,000 in student debt had her loans cancelled by a bankruptcy court in Nebraska, adding to an emerging trend of student loan borrowers successfully finding relief through personal bankruptcy.

“Most of my clients are surprised to hear that they can get their student loans discharged,” the debtor’s lawyer, Lea Wroblewski, an attorney and the director of the debt and finance unit at Legal Aid Nebraska, told Yahoo Finance.

Jamie Mudd attended college in California and earned associate’s degrees in culinary arts and medical science, incurring debts from 26 federally-backed education loans between 2006 and 2015

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Fed sees ‘considerable’ risk of ongoing U.S. business failures

WASHINGTON (Reuters) – The risks of ongoing business failures in the United States “remain considerable” even as the economy emerges from the coronavirus pandemic, the Federal Reserve said on Friday in its semi-annual monetary policy report to Congress.

FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo

Business borrowing “now stands near historic highs,” the U.S. central bank said in the report. Even though large cash balances, low interest rates, and renewed economic growth may dampen problems in the near term, “insolvency risks at small and medium-sized firms, as

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Hemp industry sees big money in hemp flower. Police aren’t on board.

Legalizing hemp flower could open the door to a new market for Hoosier farmers and bring millions of dollars in revenue to Indiana. But prosecutors and police are worried doing so would take away one of their crucial tools for enforcing the state’s marijuana laws. 

Hemp and marijuana come from the same cannabis plant and differ only by their level of THC, the chemical that makes marijuana users high. If a cannabis plant has 0.3% THC or lower, it’s legally considered hemp. Any higher, it’s marijuana. Otherwise, the two plants look and smell exactly the same. 

That’s a problem for

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Netherlands’ Wopke Hoekstra sees tremendous growth potential in summer

LONDON — European countries could experience a “tremendous acceleration of growth” in the summer, as vaccinations are stepped up, Dutch Finance Minister Wopke Hoekstra told CNBC.

European economies are wrestling against one of the deepest shocks in history. The coronavirus pandemic has halted much of Europe’s economic activity and the Covid-19 vaccine rollout has been bumpy. Euro zone member states contracted by almost 7% in 2020 and strict social restrictions are still in place, clouding the prospects for 2021.

The European Commission, the EU’s executive arm, turned more negative on the economic recovery, cutting its GDP forecast for the year

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