Word: debts
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...confident [March 22]. In the first entry, "prophets of doom" are seen as missing the reality of American "nimbleness and adaptability." Yet your story misses the reality that America is in a governance gridlock, which raises serious questions about the nation's ability to cope with current crises like debt, unemployment, the terrorist threat and a diminished competitive position globally. William Gruber, LEXINGTON, MASS...
...then translated into the economy - how we use money, whether we invested it correctly, whether we invested it in the wrong things, whether we just wasted it, whether it was lost through lack of transparency. And that just created the whole problem of the huge deficit and the huge debt. So putting our house in order is actually reshaping and re-launching Greece, but reshaping the whole political system. In many ways this crisis should be seen also as an opportunity...
...overconfident [March 22]. In the first entry, "prophets of doom" are seen as missing the reality of American "nimbleness and adaptability." Yet your story misses the reality that America is in a governance gridlock, which raises serious questions about the nation's ability to cope with current crises like debt, unemployment, the terrorist threat and a diminished competitive position globally. William Gruber Lexington, Mass...
...challenge. For it is possible to assemble the facts of what China is doing into different narratives. When a research institute in Sichuan publishes a piece on vulnerabilities in the U.S. electrical grid, for example, is it just academic curiosity or something darker? Is China's accumulation of U.S. debt a temporary quirk of the global economy or an expression of the ancient Chinese strategy of shangwu chouti - let your enemy get on the roof, then take the ladder away? It's very hard to know. Chance and the future and what we do now will determine whether China...
When U.S. Treasury Secretary Tim Geithner last visited Beijing about a year ago, he elicited guffaws from an audience of college students when he assured them that China's massive investments in U.S. government debt was sound. Today's spur of the moment trip to Beijing, where he met with Wang Qishan, China's point man on international economics, was not a moment for more public appearances, let alone yuks. This was business...