The Atlantic - The Wall Street Journal ran a post over the weekend about a new credit crunch among low income borrowers, noting it is now 'payback time.' What they didn't go into is that their primary interviewee is drowning not on expensive cars loans but student loans. This former student's debt is far from extraordinary. It is, in fact, tragically ordinary, as student loans have become the 21st century version of indentured servitude. Read more.
Airbus on Tuesday unveiled plans to shed 15,000 jobs within a year, including 900 already earmarked in Germany, saying its future was at stake after the coronavirus outbreak paralysed air travel. Read more.