ATLANTIC CITY, NJ (AP) As a senior in high school, Nick was blessed with a deadly and accurate jump shot from long three-point range, something he was quick to cash in on. He and his gym buddies not far from the Jersey Shore would compete to see who could make the most baskets, at $5 or $10 a pop. “It gave a different dynamic to the day, a certain level of excitement,” Nick said. “I didn’t know how far she would keep going.” Before long, he was betting staggering amounts…
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Global debt nears record high as rate hikes trigger ‘adjustment crisis’ says top trade body
The IIF said the combination of such high debt levels and rising interest rates has caused the cost of servicing that debt to rise, triggering concerns about leverage in the financial system. “At nearly $305 trillion, global debt is now $45 trillion above its pre-pandemic level and is expected to continue to increase rapidly,” the IIF said. HIROSHIMA, JAPAN – MAY 17 : People walk under a banner promoting the Group of 7 (G7) summit at a shopping street on May 17, 2023 in Hiroshima, Japan. The G7 summit will…
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