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The Countries with the Most Monstrous Business Debts: US in 22nd Place Despite Massive Spike During the Pandemic

The debt of US nonfinancial businesses had already surged in recent years, but when the Pandemic hit, businesses went on a borrowing binge as the Fed has repressed interest rates to record lows even for...

Sunken barges to plug dike in Germany’s flood zone

Authorities in Germany’s flooded Elbe river basin plan to plug a broken dike by sinking two barges in the gap. Federal and regional governments are arguing over how to finance 8 billion euros in flood...