Word: indebtedness
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Dates: during 2000-2009
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But a turning point for Arguello came when a not-so-poor supplicant came seeking his help. President Daniel Ortega was desperate for a mayoral candidate who would be both popular and subservient to the Sandinista leadership, and saw Arguello as the answer. Even though Ortega's first government had...
Quick Gun, the hero of this goofy, riotously colorful comedy, is a cowboy who's also an Indian (from the southern Indian state of Tamil Nadu): a pudgy chap with pomaded hair and a gigolo's thin mustache, outfitted in white hat and boots, green shirt, orange pants, pink scarf...
Hit by the triple whammy of collapsing property values, equity-wealth destruction and ongoing unemployment shock, the American consumer is unlikely to spring back overnight. In fact, with asset-dependent U.S. households remaining income-short, overly indebted and savings-deficient, subdued consumption growth is likely for years. This is because...
Yet none of that changes the long-term reality of how indebted Americans are a structural issue that will require more than a couple of months to return to historic normalcy. A recent research note by economists at the Federal Reserve Bank of San Francisco points out that the ratio...
Since the dawn of time, Prestige and Mobility have spoken truth to power, power to truth, and Esperanto to the people of the world [1], meaning we’ve missed out on some of the spectacular Harvard social life. Since we’ve been exhausted from trying to...