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Global Debt Jumped to Record $237 Trillion Last Year

By Global debt rose to a record $237 trillion in the fourth quarter of 2017, more than $70 trillion higher from a decade earlier, according to an analysis by the Institute of International Finance. Among mature markets, household debt as a percentage of GDP hit all-time highs in Belgium, Canada, France, Luxembourg, Norway, Sweden and…

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Senior FARC Member ‘Santrich’ Arrested in Colombia

Colombian authorities arrested the former guerrilla leader known as “Jesus Santrich” following a raid on his home in Bogota. Santrich was one of the negotiators of the Revolutionary Armed Forces of Colombia, or FARC, in its peace talks with the government in Havana, and demobilized last year. He had been set to enter congress in…

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CBO Sees Benefits of Republican Tax Cuts Peaking in 2022

By Republican tax cuts will boost U.S. growth by about 0.7 percent on average through 2028, with the economic benefits peaking in 2022, according to the Congressional Budget Office. “By lowering the corporate income tax rate, the act gives businesses incentives to increase investment, and by lowering individual income tax rates through 2025, it gives…

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