Word: debts
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Dates: during 2000-2009
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...plow, the government's ample funds have yet to trickle his way. Sidam gets no subsidies for his seeds, no guaranteed rural work has been available in the area and no new water resources have been developed near his farm, nor did he get state help with his $350 debt. Government agricultural officials hardly ever visit the village, he says, and he appears uninformed about the new initiatives that might help him. He is still dependent on the cotton crop he grows on his small farm, supplemented by the wages his sons can earn in part-time jobs. "Not much...
After the University’s endowment lost $11 billion this past year—falling to $26 billion—Harvard’s endowment assets now outnumber its debt by a factor of four, compared to a factor of nine last year...
Shore said that many of Harvard’s peers have asset-to-debt ratios that mirror the University’s current situation, and he noted that credit agencies have maintained Harvard’s ‘AAA’ rating despite the bond sales. Most elite institutions have also retained their top-notch credit ratings, although a number of other colleges did find themselves downgraded this year...
...objective still is maintaining our ‘AAA’ rating,” Shore said. “Before we take out any more debt we’d be in conversation with the ratings agencies to tell them our story and to make them comfortable...
Ballooning federal debt will be a big theme, maybe the biggest, advanced by Republicans in the midterm elections. To counter the impression Republicans are trying to create that universal health care is going to grow the deficit, Obama has wisely made this claim a tough sell by insisting that health-care reform be deficit neutral. Why not take something that Republicans currently are clamoring for, in spite of the fact that it costs a staggering amount of money, and force them to prove their fiscal-conservative bona fides? Surely, the Republicans will oppose any surtax and lose...