Japan bumps China off the mountain as top holder of U.S. debt
Breakfast with Benjamin: Japan takes over as America's biggest creditor but China is right behind. Plus: More banks abandon student loan biz, Colorado's weed tax bummer, and where banking is still beyond at least 2 billion people.
- Japan now holds more U.S. debt than China, but China is right behind. Japan has $1.224 trillion, China has $1.223 trillion
- More big banks are bidding adieu to the student loan business. Just as more students are seeking loans. Wonder if it has anything to do with the trend toward students trying to avoid repaying their loans?
- Colorado’s weed tax revenue falls far short of expectations, possibly proving that taxing something that is really easy to grow isn’t the silver bullet it was thought to be. Bummer, dude
- A world of 2 billion unbanked people are seen as shut out from the financial system, but the total is down from 2.5 billion in 2011.The Middle East stands out with just 14% of adults having bank accounts
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