Word: debts
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Dates: during 2000-2009
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...problem arises when these analyses come to be appreciated for their own sake instead of as a means to a greater moral end. When Lieberman tells reporters that he opposes a public option because it will “end up increasing the national debt,” he not only spouts incorrect facts—the CBO estimates that a strong public option would save $150 billion over ten years—but he also misses the point. An increase in national debt does not in itself lead to negative moral consequences. If the goals of the spending?...
...market - a position many economic libertarians continue to embrace today. What some consider to be America's first insider-trading scandal took place shortly after the nation's birth; a former Assistant Treasury Secretary named William Duer capitalized on his government connections to make bets on the country's debt. His investments eventually soured, however, and Duer's bankruptcy brought down much of New York's economy in 1792; he died a few years later in debtors' prison. (The charter members of the Buttonwood Group, the predecessor of the New York Stock Exchange, first assembled to formulate a response...
...Other central banks are making similar calculations, although they are not moving as aggressively - yet. The Bank of Japan will terminate its purchases of corporate debt this December. The Bank of England is cutting back on a program to buy government bonds and commercial paper with newly created money. The European Central Bank is mulling an end to its 12-month loans to banks next year. "Not all our liquidity measures will be needed to the same extent as in the past," says ECB president Jean-Claude Trichet...
...weak dollar is helping America's exports. But it is also spooking holders of U.S. debt, whose continued purchases of U.S. Treasury bills allow Washington to fund its deficit spending. Last week, the International Monetary Fund (IMF) announced that the Reserve Bank of India had bought 200 tons of IMF gold reserves, the biggest single purchase by a central bank in 30 years. That pushed the price of gold past $1,100 an ounce, the latest record breaker in a string of new highs, as the market anticipated gold buying by other central banks to hedge against a falling dollar...
...country's new leaders would begin to solve some of the country's intractable economic problems. Among other popular proposals, the new government, led by Prime Minister Yukio Hatoyama, vowed to provide more government assistance for families to promote consumer spending while simultaneously taming the country's ballooning debt, which at nearly 200% of GDP is the highest among rich nations...