Word: debt
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...common affliction throughout the developed world. But by looking at Japan, we can get a good idea of the damage it can do. Unwilling to make hard choices, the government simply threw taxpayer money around, attempting to keep people employed without fundamentally changing the economy. The result is government debt approaching 200% of GDP. Overly protected at home, Japan Inc. has missed out on the globalization game; its companies, unable to adapt to a changing world, are losing global market share to more nimble competitors. The nation that once led the way toward prosperity in Asia is sitting by while...
...decreased cost can largely be attributed to lower interest rates on the debt used to finance construction in the wake of the financial crisis, according to Construction and Project Manager Mark R. Johnson...
...unfortunate that potentially we may go home and not deal with it," Coburn said Thursday afternoon in a speech on the Senate floor. "I don't care how we pay for it as long as it's legitimate, as long as we don't add to our kids' debt. And so I'm open and willing to negotiate on any area of waste in the federal government that we could eliminate to pay for it." (See which U.S. jobs are now available, sector by sector...
...Nonetheless, even by recent standards, Enron is a gamble. With 22 actors, it has a much larger cast than the typical play. It has numerous sets, a handful of musical numbers and three lurking, red-eyed velociraptors to represent Enron's hidden debt, among other props. The play has gotten rave reviews in London, and the director Rupert Goold, who is staying with the Broadway production, won London's Evening Standard award for best director. But the producers decided to replace the cast when they brought the play to New York. All that has driven up the budget...
...Papandreou is certainly raising the stakes. Greece's public finances are in a parlous state, and Papandreou says the government must refinance a large chunk of its fast-growing debt - conservatively estimated at 125% of GDP - or risk defaulting on its loans. He wants E.U. leaders to agree once and for all on a financial safety net for his country when they meet for a summit in Brussels on Thursday and Friday. If the E.U. can't come to terms on a rescue plan, he says, Greece will be forced to turn to the International Monetary Fund (IMF) - a move...