Word: debts
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...Matters won't get any easier. Economists worry that Hatoyama's social-welfare programs will only increase the government debt ratio, which is already more than twice that of the U.S. His reforms are also likely to face stiff resistance from the still powerful elements of the establishment, especially the government bureaucracy, which won't readily surrender its influence. Just like so many other Japanese politicians, Hatoyama has already been tarred by an alleged scandal, this one concerning campaign finance. (Hatoyama has publicly apologized for the scandal, though he has said he had no knowledge of any wrongdoing.) His Cabinet...
...enemies have begun talks. Yet to be addressed are questions on where the border is, and how to split citizenry, national debt and millions of cattle. But in other areas, there has been progress. The north said it will raise by 40 the number of southern seats in the Sudanese national parliament to give the south an effective veto on any proposed changes to the CPA. And at least one potential flash point - the south's oil - might be defused. The south's Minister for Presidential Affairs, Luka Biong Deng, told TIME in February his government would continue splitting...
...vote getters go, the government could have done much worse. The plan taps into creeping resentment among fans over the ways top clubs manage their money. The world's richest soccer competition by measure of revenue, England's Premier League also tops the table when it comes to debt: 18 of its 20 teams owed a total of $5.2 billion in 2008 according to UEFA, the sport's governing body in Europe - more than all the clubs in the continent's other top divisions combined. (Debt-ridden Portsmouth, one of two Premier League teams not included in UEFA's sums...
...Just as Britain's voters look set to unseat Labour in part as punishment for the debt-ridden state of the economy, soccer supporters' patience for massive borrowing by football clubs - and the owners behind it - has expired. Asked in a March YouGov poll whether they felt their club would be in better hands if it was owned cooperatively, 56% of fans expressing an opinion believed it would...
...Support for cooperative ownership was even higher among fans of Manchester United and Liverpool. Angered by the $1 billion debt piled onto United's books following its 2005 takeover by the Glazer family - owners of the NFL's Tampa Bay Buccaneers - a consortium of wealthy United fans is putting together a plan to buy out the club with the backing of ordinary supporters. While the group, known as the Red Knights, is unlikely to make an offer before the end of the current season - the club, for its part, insists it's not for sale - the extent of support...