Word: problem
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...mortgages - it can quickly cause a bubble and a crisis. So all this good work we have done in the past few years to make our capital markets more efficient and open has also made them very hazardous, and we haven't done anything yet to address that problem. (See pictures of TIME's Wall Street covers...
...problem is simple in that if you're an individual, a business owner or an entire state and you build your debt level to 70%, 80%, 90% of your revenues, you soon won't be able to pay the interest on your borrowing - much less the principle - and you'll default," says economist Marc Touati, deputy director of the Paris-based financial-services group Global Equities. "We're not there yet, especially for all the nations of Europe. But there are several, including France, that simply must cut spending, deficit and debt dramatically, and soon - or things will get very...
...rockets, notably United Launch Alliance (ULA), a joint venture of Lockheed and Boeing. The company already has a big and impressive lineup of boosters that it sells regularly to the military and commercial launchers. And with 37 flights in the past 36 months, it clearly knows its business. The problem is that ULA rockets were not built for the trickier job of launching people, and not a single one of them is crew-rated. It will take at least four years to make the necessary adaptations according to one industry insider, and that's assuming no delays or cost overruns...
...despite the limited amounts of smoke, he said, “Everything is fine, thank god.” He said he was happy with the way the city of Cambridge responded to the problem...
...Ground Zero” seems to prove, then, that there is some room for success in Wayne’s conception of a rock album. Indeed, the problem with “Rebirth” is not that a rock album was a bad idea, though it was ambitious and risky. Rather, this record is such a failure because Wayne is almost completely incapable of executing what might have been an interesting experiment...