World debt soars. - According to the most recent Bank of International Settlements (BIS) report, world debt now stands at $100 trillion. The amount of global debt has increased by two and a half times as much over a twelve-month period, which is mainly down to the commercial crisis triggered in 2008. The amount of the debt now exceeds estimated global GDP of $75 trillion. It includes public debt and the debts of companies and financial undertakings quoted on the stock exchange, but excludes...