Word: crediteers
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...worried much when S&P downgraded the sovereign debt of The Ukraine or the Republic of Kazakhstan. Now, the trouble has moved much closer to home as the credit agency lowered its credit rating outlook for the U.K. from "stable" to "negative." The agency is concerned about the increase in government debt and decrease in GDP. The action may make it more difficult for the British government to raise money or, alternatively, it may force the country to pay higher interest rates. (See pictures of the global financial crisis...
There is a small market in credit default swaps for U.S. debt. The fact that there is one at all should be troubling to the Treasury and the Fed. While the chances of American defaulting on any portion of its debt are small, if the recession drags on the odds that the government will have trouble raising money to finance the deficit will rise. To keep its credit rating, the American government will be faced with curtailing many of its stimulus programs or sharply raising the tax burden. Either action could slow any recovery making a burgeoning deficit a "Catch...
Coburn, a practicing physician, disputes Blendon's analysis of his bill. "In the vast majority of cases, our credit will more than cover an employee's share of a health plan's cost, which is about a third of a plan's total cost, or $4,000," Coburn says. The plan would also aim to move people off of medicaid, giving low-income Americans subisidies to purchase their own coverage. "The people who will benefit the most are the people who need help the most - low-income families and the unemployed. If you don't have...
...best way to stop young people from joining the ranks of cartel foot soldiers. "Today, the violence in the cities needs a program of national reconciliation. There needs to be a reconstruction of villages and ranches to make them self-sufficient. There needs to be assembly plants and credit at low interest, incentives for cattle and schools," he wrote. "Violence can be fought with jobs ... We must remember that in the mountains of Mexico, the people are forgotten ... There are no medical clinics, roads or security. Only repression." (Read about the drug war on the U.S.-Mexican frontier...
...Dubai of Afghanistan." The nickname is a stretch, but the mini-boom taking place in this commercial capital is borne out by 24-hour electricity and pothole-free streets where people wander without fear of the random violence that afflicts other urban centers in the country. Who gets the credit? Much of it goes to Iran, which lies less than a hundred miles to the west and is moving closer...