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The $1.6tn US student debt nightmare 

Student debt in the US is crippling millions of Americans. Last year the amount students owed came to a total of $1.6tn - that's 8 per cent of the country's national income. This week we hear from one of the 45m students paying back debts to the government. FT Money Show presenter Lucy Warwick-Ching talks to FT reporter Alice Kantor about why university is so expensive in the US compared to the UK and whether there is anything that can be done about it.

 

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UK Budget, coronavirus planning and crashing stockmarkets

It's been a week of shock and awe for UK investors. Wednesday started with an emergency interest rate cut from the BoE. New chancellor Rishi Sunak then delivered a Budget full of emergency "first aid" measures to help workers, the self employed and small businesses survive the crisis - and some very unexpected news for wealthy pension savers. And in the meantime - stock markets around the world continue to experience deep falls as central banks work out how to respond to the coronavirus.

 

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Learning about money and rich people's problems

Claer Barrett and Lucy Warwick-Ching discuss covert and overt ways to interest children in learning about money, and columnist James Max reveals that his biggest problem during the lockdown has been keeping his house clean without his regular cleaner. 

 

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Former Zambian finance ministers and officials push for IMF deal

President urged to secure rescue deal as economy ‘on verge of collapse’




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Know The Beginning Well, by KY Amoako

An attempt to solve Africa’s poverty riddle




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Abba Kyari, chief of staff to the president of Nigeria, 1952-2020

A self-effacing intellectual who rose to the very centre of power




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Tanzania hiding true number of Covid deaths, opposition says

Secret burials, overflowing hospitals and dead MPs, as president takes refuge in home village




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South Africa’s mass screening helps stem the coronavirus tide

Use of community health workers to identify cases draws heavily on experience battling tuberculosis and HIV




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Millennial v Boomer: young generation wants radical feedback

Newer employees like their appraisals upfront and often




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Millennial v Boomer: Young staff like to share, up to a point

One says employees want to be untethered while the other believes they dream of buying a home




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Millennial v Boomer: young workers and EU

Debate: One says youthful staff want to remain in the EU, the other fears apathy




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Millennial v Boomer: Are tears a crying shame for CEOs?

Debating about whether it is ever OK to become emotional in the office




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Jancis Robinson’s stunning white wines for the festive season

From a delicate Muscadet to a powerful Meursault, 26 wines of excellent value




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Jancis Robinson on the new wave of Spanish wines

There is a new-found confidence in what Spain, and Spain alone, can offer




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Jancis Robinson on Anderson Valley, California

It was only when champagne producer Louis Roederer arrived in the early 1980s that this hippy hideout was put on the international wine map




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The definition of natural wine

‘To qualify as a Vin Méthode Nature, a wine has to be made from hand-picked organic grapes’




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Jancis Robinson on the rise of Romanian wine

Producers have made impressive progress in a country where consumption per capita is heroic




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Trump now says task force will continue ‘indefinitely’

White House group will shift to ‘safety and opening up our country again’




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Most Americans trust governors over Trump on reopening, poll shows

FT-Peterson survey finds 71% back states as support slips for president’s economic stewardship




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Cineworld joins AMC in banning films from Universal Studios

Second largest cinema chain sides with rival in spat over movie release




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UK minister seeks ways to extend bailout to owner-directors 

About 2m businesspeople thought to be ineligible for existing coronavirus support schemes




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My general election money manifesto

The next government should meddle less and encourage more of us to save




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Pensions tax relief: is time running out? 

New chancellor Rishi Sunak would be wise to avoid slashing pension perks 




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Budget 2020: Coronavirus grants pensions Budget immunity 

But why didn’t the chancellor go the whole hog and scrap the tax taper altogether?




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Nicola Benedetti: ‘Classical music is like a novel, not a tweet’

The violinist on making high art popular and what #MeToo means for musicians




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Chrystia Freeland: ‘We liberals have had a rude awakening’

Canada’s deputy PM on moving from the ‘snark’ of journalism to the ‘smarm’ of politics




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Lloyd Blankfein: ‘I might find it harder to vote for Bernie than for Trump’

The former Goldman chief executive on the crash, the criticism — and sparring with Bernie Sanders




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Stephanie Kelton: ‘They’re going to have massive deficits. And it’s fine’

The economist has long argued that governments should spend whatever it takes. Has her time now come?




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Copper find sparks hopes of mining revival in ‘Poldark’ country

Discovery raises prospect of industry’s return 20 years after Cornwall’s last pit closed




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All work and no play? The new ‘uni’ experience

Academics and students on campus life in the era of ‘knowledge corporations’




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López Obrador’s virus nonchalance risks deepening Mexico’s woes

President acts as though Latin America’s second-largest economy is immune to pandemic




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Bolsonaro doubles down on denialism

Behaviour of Brazil’s ‘walking crisis’ president sparks backlash among one-time allies




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Latin America’s left spots comeback opportunity amid coronavirus fallout

Region’s ‘Pink tide’ leaders see chance of revival as inequality and public health concerns take centre stage




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Bolsonaro triggers furore by firing Brazil health minister

Dismissal of Luiz Henrique Mandetta follows feud over how to tackle coronavirus




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Brazil’s justice minister quits in blow to Bolsonaro

Sérgio Moro was the face of nation’s long-running ‘Car Wash’ anti-corruption probe




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Venezuela’s new oil minister — a wanted man with suspected Iran links

Tareck El-Aissami has little experience — and a $10m US bounty on his head




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Argentina heads for ninth sovereign debt default

Analysts expect the country to make bondholders an offer they cannot accept




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Election: Labour manifesto shows party would raise taxes by £80bn a year — as it happened

Jeremy Corbyn unveils party's ‘most radical’ plans in decades, Tories backtrack on national insurance pledge while pressure on public finances increases

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Election: Nigel Farage unveils Brexit party’s manifesto – as it happened

The Brexit party and the Welsh Plaid Cymru reveal their policies; Corbyn and McDonnell defend tax plans; Tories propose stamp duty rise for foreign buyers; while UK figures show more gloomy outlook

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Election: IFS hits out at lack of credibility in major parties’ manifesto pledges — as it happened

Neither Labour nor the Conservatives have offered a "credible prospectus" for government in the election, the Institute for Fiscal Studies said this morning, in a damning assessment that highlighted the gulf between different political visions for Britain.

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Election: Parties back campaigning after London Bridge terror attack — as it happened

The Labour and Conservative parties are making a final push on key issues — border security and rail fares — as the election campaign nears the home stretch. Brexit concerns are also bubbling again.

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Election: Labour minister calls party’s chances ‘dire’ — as it happened

Live coverage of the UK election campaign.

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Inside Samsung’s fight to keep its global supply chain running

Korean electronics group draws on lessons from past epidemics to tackle coronavirus crisis




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UK’s top asset manager urges companies to take care of employees

LGIM to hold businesses to account for their stakeholder responsibilities during pandemic 




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Denmark and Norway announce further loosening of lockdown

Cafés, restaurants and secondary schools to reopen in phased easing of restrictions




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UK and Irish help for Trump Organization probed by Democrats

The US president holds ownership interests in golf resorts in Scotland and Ireland




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Companies warn over guidance on getting UK back to work

Measures to ease lockdown will be costly and difficult in practice, particularly in hospitality trade




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Facebook's digital currency initiative

Facebook has revealed plans for a new global digital currency, claiming it will enable billions of people around the world without a bank account to make money transfers. Patrick Jenkins discusses the initiative and what it means for the banks with Nick Megaw, Caroline Binham and Elaine Moore.


Contributors: Suzanne Blumsom, executive editor, Patrick Jenkins, financial editor, Nick Megaw, retail banking correspondent, Caroline Binham, financial regulation correspondent and Elaine Moore, deputy head of Lex. Producer: Fiona Symon

 

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Italy's new governing alliance

Italy's prime minister Guiseppe Conte lives to fight another day after a bid by the populist leader Matteo Salvini to unseat him and win power by holding snap elections failed. Katie Martin discusses whether the new alliance between the Five Star Movement and its former enemy, the Democratic Party, can last with Ben Hall and Miles Johnson.


Contributors: Katie Martin, capital markets editor, Ben Hall, Europe editor, and Miles Johnson, Rome correspondent. Producer: Fiona Symon

 

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End of peace talks risks opening door for Isis in Afghanistan

Donald Trump has dashed hopes for an imminent peace deal with the Taliban that were intended to pave the way for the US to withdraw the last of its troops from Afghanistan. Jyotsna Singh discusses how this leaves the war torn country as it prepares for presidential elections at the end of the month, with Stephanie Findlay and Farhan Bokhari.


Contributors: Jyotsna Singh, Delhi reporter, Stephanie Findlay, South Asia correspondent, and Farhan Bokhari, Producers: Jyotsna Singh and Fiona Symon

 

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