The former president of SEGA gave the company $730M as part of his dying will, in the form of stocks and debt forgiveness, covering the loss from the the Dreamcast failure. news.bbc.co.uk/2/hi/busin…
In April of 1996, Taco Bell announced in seven leading U.S. newspapers, including the New York Times, that the company had purchased the Liberty Bell to "reduce the country's debt" and renamed it the "Taco Liberty Bell". Outraged people were happy to hear that it was an April Fools Day prank. en.wikipedia.org/wiki/Tac…
In 2009, a Latvian company offered short-term loans of up to $500, with the clients signing their immortal soul as collateral. The company said they wouldn't employ debt collectors to get its money back: "If they don’t give it back, what can you do? They won’t have a soul, that’s all" fr.reuters.com/article/us…
A US-based hedge fund seized an Argentine Navy ship as partial repayment for the over $1 billion debt owed to it by the Argentine government npr.org/sections/money/20…
Today I learned about Genildo Ferreira de FranΓ§a, a brazilian spree killer who killed 14 people in a small brazilian city in 1997, either by chance, debt, and mostly for supposedly spreading rumours about him being gay or calling him gay. en.wikipedia.org/wiki/Gen…
In 1971 Roger Daltrey of The Who convinced his bank to lend him Β£39,500 for a house by having them believe that, as a major star, he was a millionaire. However, due to reckless tour spending The Who actually were Β£600k in debt at the time. artsfuse.org/188306/rock-…
In 2016 a man named Joshua won an entire resort located on the Micronesian island of Kosrae in a raffle he paid $65 to enter. When he won it, the resort was free of debt, profitable and had more than 20 years remaining on its lease. abc.net.au/news/2016-07-2…
People who buy premium bird seed are more likely to honor their debts than people who buy chrome accessories for their car marketplace.org/2009/05/1…
Today I learned of Cooperative housing or Borettslag where instead of a landlord, the property is built and owned by a co-operative association which is owned by the tenants. Instead of paying rent to a landlord, you pay back on the communal debt. en.wikipedia.org/wiki/Hou…
The largest amount of debt accrued by a single person was $7B through trade practices and bank fraud en.wikipedia.org/wiki/J%C…
Elizabeth Hamilton posed for her most famous portrait in a New York City prison. Ralph Earl, the painter, was in prison for not paying his personal debt. However, he was the only professional painter in the city at the time leading to the socialite posing in the jail. smithsonianmag.com/smart-…
In the Antebellum South, slaves dreaded January 1 -- A.K.A. "Heartbreak Day" -- because New Year's Day was traditionally when debts were settled, resulting in black families being torn apart as slave owners sold or rented slaves out long-term to pay back those they owed money to. time.com/5750833/new-year…
If a consumer goes to court when sued by a debt collector and demands to see the evidence of their debt, the case is likely to be dropped (listen to the Prologue, can start at about 6:00 in) thisamericanlife.org/radi…
The word 'economics' comes from the Ancient Greek word 'ΞΏαΌ°ΞΊΞΏΞ½ΟŒΞΌΞΏΟ‚' meaning "household management". The Ancient Babylonians developed the earliest system of economics in terms of laws on debt, legal contracts & private property. en.wikipedia.org/wiki/Eco…
Russia did not have to pay its WW1 debt because it became the Soviet Union en.wikipedia.org/wiki/Rep…
In Pennsylvania (USA), you can be on the hook for your parents’ debt without your knowledge or consent, and it’s completely legal paelderlaw.net/pennsylvan…
Today I learned about Lou Pearlman, a music producer and con man who managed both the Backstreet Boys and NSYNC, defrauding both bands out of millions. He went on to run one of the biggest Ponzi schemes in history, leaving more than $300 million in debts to investors en.wikipedia.org/wiki/Lou…
In 1835, President Andrew Jackson successfully paid off the debt of the United States. The only time in history this has ever been accomplished. en.wikipedia.org/wiki/His…
When Charles Dickens was 12 years old, his father was thrown into prison for debt. Charles was forced to leave school and work ten-hour days at a boot factory in order to help support his family. The poor conditions of the working class became a major theme in several of his works. en.wikipedia.org/wiki/Cha…
In Vermont, debtors are allowed to hold onto 1 cow, 2 goats and 3 swarms of bees from debt collectors. consumerist.com/2013/10/1…
Winston Churchill was in serious financial debt, owing up to $3.75 MILLION dollars (in today's money) theatlantic.com/magazine/…
Pope John XII was the only Pope who was ever beaten to death by a jealous husband for sleeping with his wife. He was also accused of turning the papal palace into a brothel, sleeping with his niece, toasting the devil, ordaining a 10yr old boy, and misusing papal funds to pay gambling debts. en.wikipedia.org/wiki/Pop…
After its independence and the freeing of its enormous slave population, France forced Haiti to compensate slave owners for the theft of property (the slaves), a debt lasting over 100 years which was paid off finally on 1947. en.wikipedia.org/wiki/Ext…
Haiti had to financially recompensate France for lost colonial profits after gaining independence through its successful slave rebellion. This independence debt wasn't paid back in full until 1947. en.wikipedia.org/wiki/Ext…
North Korea ordered 1,000 Volvos from Sweden in 1974 and has yet to pay it off, resulting in a debt of 2.2 billion kronor ($322 million). thedrive.com/news/16660/t…
The optimal nap time is 7-8 hours after wake up time (early / mid-afternoon depending on when you wake up), for 20-45 min (to prevent sleep onset issues). Longer naps should be taken earlier in the day if you are trying to catch up on sleep debt. archive.boston.com/boston…
Florida man Andrew Levy paid off $944.34 in lunch debts of 400+ kids in Jupiter, FL area schools. myfox8.com/news/florida-m…
Two businessmen in QuΓ©bec bet $517,000 on a best-of-three game of Rock, Paper, Scissors. The loser had to sign a notarized recognition of the debt contract, secured with a mortgage over the loser’s house. fasken.com/en/knowledge/2…
, The Russian novel We (1920-21) by Yevgeny Zamyatin is considered one of the grandfathers of the dystopian genre and influenced George Orwell's 1984. "Zamyatin's influence on Orwell is beyond dispute...1984 shares so many features with We that there can be no doubt about its general debt to it." en.wikipedia.org/wiki/We_…
74% of American couples plan to go into debt for their wedding. debt.com/news/wedding-deb…
After billionaire Robert F. Smith surprised the Morehouse College class of 2019 (400 graduates) by paying the educational loan debt worth $34 million, he will also pay off their parents college loans. usatoday.com/story/money/…
In Germany, when a kid becomes an adult at age 18, it can get rid of all its debt by offering its debtors everthing its owns at that point. The young adult is relieved from all other debts they can't pay back so that no young adult has to face a life in debt for things they did as teenager. gesetze-im-internet.de/en…
Philippines thru the Debt for Nature Swap got a $18.6 M debt relief from World Wildlife Fund & USAID in exchange for doing 4 Separate Environmental Projects ( 1988-93) in El Nido National Park, Mt. Isarog National Park, Tubathaha Reef National Park & other heritage sites cbd.int/doc/external/wwf/…
Ancient Rome had no concept of a limited-liability corporation, so entrepreneurs got around it by appointing a slave as the CEO. A master was not legally liable for a slave's debts, so this allowed the owner to control the company while avoiding personal liability in case of bankruptcy. en.wikipedia.org/wiki/Pub…
Rolling Jubilee, a Strike Debt project that buys debt for pennies on the dollar, but instead of collecting it, abolishes it. rollingjubilee.org/
Today I learned of Johatsu. A Japanese phenomenon where due to failed marriage, mounting debt, loss of work, failure etc, people just simply abandon everything and walk away from their life, disappear to live life anonymously in an off the grid world.Companies too can "reset your life" businessinsider.com/evapo…
The father of Charles Dickens was sent to a debtors prison over owing a baker Β£40, Charles went to work off his father's debt at the age of 12 blackening shoes. en.wikipedia.org/wiki/Joh…
On 1838, in order to pay off debts of Georgetown College, the Maryland Jesuits sold 272 slaves from their plantations. The buyers were Louisiana sugarcane planters. en.wikipedia.org/wiki/183…
The U.S. refused to repay massive revolutionary war debts to France after Frances own revolution, claiming the debt was owed to the prior regime wikipedia.org/wiki/Quasi-…
In 2008 Prince Charles paid a nearly 400 years old debt of Β£453.15, made by King Charles II, who did not have enough money for the clothes of his soldiers, before the last battle of the British civil war. princeofwales.gov.uk/spee…
Montreal's mayor declared in '76 that "the Olympics can no more have a financial deficit than a man can have a baby." The city actually took 30 years to then pay off the debt. cbc.ca/news/canada/montre…
Great Britain sold much of their American investments, and borrowed currency from Wall Street and the American government for the war effort in World War 1 (WWI). In 1931, 4.4 billion USD was still owed. The last payment on that debt was made nearly a century after the war's end, in 2015. en.wikipedia.org/wiki/Wor…
During the Asian Financial Crisis many Koreans willingly gave up their precious jewelry, heirlooms and mementos in order to help their country pay off their debt to the IMF. en.wikipedia.org/wiki/Gol…
There are only 5 debt free countries. debtacademy.com/the-debt-…
One Manhattan Zip Code is worth $42billion in home values, even taking mortgage debt into account walletwyse.com/analytics/…
β€œPretty Boy” Floyd, one of America’s most notorious bank robbers, on bank heists, he was known for destroying mortgage papers, consequently freeing hundreds of people from property debt en.wikipedia.org/wiki/Pre…
Although the highest grossing film of 1963, β€œCleopatra" was the most expensive movie ever made and nearly bankrupted 20th Century Fox. To recoup its debt, Fox sold 180 acres of its backlot to developer William Zeckendorf and Alcoa, thus giving birth to Century City that we know today. en.wikipedia.org/wiki/Cen…
Germany finally finished paying off debts from reparations required in the post-WWI Treaty of Versailles in 2010 - 92 years after the end of the war. en.wikipedia.org/wiki/Wor…
At some point in 1847, the chief executioner of France informed the government that he was unable to carry out that day’s execution because he’d pawned the guillotine to pay off a debt and lacked the funds to buy it back theparisreview.org/blog/2…
In the UK with the average funeral costing Β£3675 people are turning to loans, which has led to a "funeral debt" of Β£147m moneywise.co.uk/news/2016…

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