Biden’s student debt plan is cautious – and compassionate

Hard cases make bad laws. Recently Highlighted PBS NewsHour pitiful cases Americans suffocating under college debt whose plight – if it becomes dominant in the loan forgiveness debate – will produce terrible legislation. (As usual, I speak for myself, not for Boston University, my employer.) Scott Rennie borrowed to earn …

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Summary, bad bank to boost credit

The Union budget for fiscal year 22 proposed to recapitalize public sector banks (PSBs) to ₹20,000 crore and set up a bad bank to remove toxic assets, two decisions that should improve the flow of credit. Friday’s economic study suggested a clean-up of bank balance sheets as well as a …

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