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Thursday, 2 June 2016

Today's Headlines: Payday Borrowing's Debt Spiral to Be Curtailed

Top News
Candice Byrd at her home in Bloomington, Ill., on Wednesday. Ms. Byrd took out a $500 payday loan in 2011 that mushroomed into a cycle of loans.
Payday Borrowing's Debt Spiral to Be Curtailed

By STACY COWLEY

Protections are coming from a consumer agency that likens the lending to "getting into a taxi just to ride across town and finding yourself stuck in a ruinously expensive cross-country journey."
CT scans show the progression of one patient's vertebra over a six- to eight-year period, from normal bone density to moderate osteoporosis and severe osteoporosis.
Fearing Drugs' Rare Side Effects, Millions Take Their Chances With Osteoporosis

By GINA KOLATA

Use of the most commonly prescribed osteoporosis drugs fell 50 percent from 2008 to 2012 after reports of rotting jaws and snapped thighbones.
Left: Reza Zarrab, a gold trader facing trial in New York, in December 2013. Last October, Ng Lap Seng, center, a Chinese billionaire, was indicted on charges that he bribed the former president of the United Nations General Assembly. In 2009, Marc S. Dreier, a Manhattan lawyer, was granted a $10 million bond pending trial and remained in his East Side apartment.
Rich Defendants' Request to Judges: Lock Me Up in a Gilded Cage

By BENJAMIN WEISER

Reza Zarrab, a Turkish gold trader facing trial in New York, is asking the courts to let him avoid pretrial detention by posting a $50 million bond and financing his own armed guards.
For more top news, go to NYTimes.com »

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