Word: borrowers
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...best made by the phrase: the West made them do it. Yes, some of the countries on the brink of collapse have brought disaster on themselves. Places such as Latvia and Bulgaria have run massive current-account deficits and are now paying the price. But the ability to borrow and spend so much comes, in part, because the countries had opened up their capital accounts and sold off their banks to Western Europe at the E.U.'s urging. Financial liberalization and free trade were mantras recited by the E.U. (and others) as the Eastern states readied to join. The policies...
...capital in their country and slow their purchase of U.S. debt. That would begin a lethal exchange between the greatest exporting and importing nations of the world, with America blocking the inflow of Chinese goods and China flailing back by throttling its appetite for Treasuries. Without the ability to borrow money at reasonable rates any hope of continuing to stimulate the U.S. economy would flag and China's manufacturing machine would lose its largest market...
Under the terms of the agreement, students will be allowed to borrow money for educational purposes without a co-signer, a requirement for most student loans...
...Drawing the easy distinction between the Indian and non-Indian cast also ignores the way many artists in India actually work. Their world is the world - not just India - and they proudly learn, borrow and are influenced by everything around them. That was obvious in the Japanese taiko drummers pounding behind Rahman on his Oscar-nominated song "O Saya." And anyone who noticed Irrfan Khan as Jamal's interrogator ought to have a look at his other, much more substantial role in A Mighty Heart, playing a Pakistani police captain opposite an American superstar in a British film...
...need to become a nation that pays for what we spend, not borrow to spend. In addition, a well-functioning government should regulate business and level the playing field so that every hard-working individual can share in a prosperous economy. Once individuals become prosperous, they should contribute more so others can succeed. Lower taxes and less government would be wonderful, but that implementation nearly destroyed our economy...