Word: indebtednesses
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Al-Ississ suggests that Harvard could help international students with the financial challenges of returning home by forgiving international student loans for those who seek employment in their native countries, a suggestion seconded by Abu-Ayyash. “The financial compensation has to be adequate to secure a decent...
The reason: China's antiquated and deeply indebted banking system still lends mainly to lumbering state-owned enterprises, not private companies. Although authorities have been allowing thousands of these uncompetitive state vestiges to fail?since 1995, 56 million factory workers have lost their jobs?thousands more remain on life support...
Shang, 51, spent the bulk of his career as a bureaucrat at China's central bank, the People's Bank of China. His star rose there in 1994, a troubled time when inflation hit 24% and the economy was hobbled by a myriad of off-the-book loans between corporations...
The morbid state of Germany's government wasn't on the agenda last week when Chancellor Gerhard Schröder and French President Jacques Chirac held a working dinner at a castle outside Berlin. Yet, perversely, Schröder's problems could help get relations between Paris and Berlin over...
Dunay, who identifies the opportunity to be respected by many and indebted to few as a major factor motivating his interest in holding elected office, agrees that prestige, though attractive, isn’t what it’s all about. “Yes, the game may be fun...