Word: debts
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...there a part of the world you are especially worried about? I'm worried about every part of the world. People thought the rest of the world would decouple from the U.S. That was nonsense. Emerging Europe is on the verge of a fully fledged sovereign-debt, banking and currency crisis. I think China is in a near recession right now. Many emerging markets, even those that are in better shape, are in severe trouble. I don't think there is any economy in the world right now that is safe...
...closer to 10% to 20%. But, if U.S. vehicle sales stay steady at 25% to 30% down, the consumer is beginning to tiptoe back into the market. The likely cause for this is that extraordinary deals on new cars are becoming attractive to buyers who have cut their debt and can afford to make a modest investment based on very attractive interest rates helped by capital put into the banks by the government. Low fuel prices will help that, and Federal Government tax cuts will give consumers a few extra dollars a month. (See the 50 worst cars...
...regulation stood, all photography of caskets of war dead was prohibited. Under these new provisions, caskets can be photographed only with the consent of the soldiers’ families. While this is a promising development, the revisions do not go far enough. The United States owes a debt of obligation to both its soldiers and its citizens to universally allow caskets to be photographed by the media. These types of bans arise more out of political considerations than a concern for the honor of the dead. During the Vietnam War, photographs of military caskets proved politically dangerous to war supporters...
...Chinalco to buy an 18% stake of the heavily indebted minerals giant Rio Tinto, for about $19.5 billion. It is also considering a bid by the Beijing trading company Minmetals to buy Australia's mining company Oz Minerals for about $1.7 billion - enough to wipe out that company's debt. Meanwhile, Chinese president Hu Jintao made a five-country swing around Africa in early February, signing deals in Tanzania and Madagascar on agriculture and telecommunications, and promising debt relief to the poorest continent. (See pictures of China's electronic waste village...
...Chinese party bought about $320 million worth of goods ranging from auto parts to olive oil. Finally, in Britain they signed deals worth about $2 billion, including ordering 13,000 Jaguar cars. And while thousands of German auto workers marched in protest at layoffs in the country's debt-ridden auto industry, the Chinese delegates signed a deal to buy $2.2. billion worth of BMWs and Daimlers. Germany's new Economy Minister Karl-Theodor zu Guttenberg told reporters in Berlin that the Chinese visit had "come at the right time...