Word: stallings
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...expected to triple over that same period to 93%, while the U.K.'s could double to 94%. Japan is the worst of the bunch, with its ratio likely to top 200%. Just as risky private-sector indebtedness caused the Great Recession, government debt, if not addressed, threatens to stall economic growth and spark renewed waves of confidence crises in global financial markets. "Attention has shifted to the second part of the story, to the impact [of the financial crisis] on government balance sheets," says David Beers, global head of sovereign ratings at Standard & Poor's in London. That has "intensified...
...Partisanship can stall investigations as easily as it can generate them. After the Bush Administration incorrectly declared that Saddam Hussein had dangerous weapons of mass destruction in the run-up to the 2003 war in Iraq, Congress launched a three-phase investigation into the intelligence screwup. But Republicans accused Democrats of going on a politically motivated witch hunt, and Democrats said Republicans were complicit in a cover-up of Administration mishandling of intelligence. It took years to get through the first two phases of the investigation. By the time the third got under way, few were paying attention anymore...
...brand of nuclear socialism. Obama talks about massive nuclear subsidies as just one part of his larger clean-energy agenda, but he hasn't made them contingent on GOP support for that larger agenda. So the nuclear subsidies are sure to pass, while the larger agenda is likely to stall. Eventually, extravagant government largesse might create a nuclear rebirth of sorts - but it might end up strangling better solutions in their cribs or prevent them from ever being born...
...doesn't include a consumer agency or a bunch of other provisions that Obama supports - but that hasn't stopped his industry from spending millions of dollars to kill it. What's interesting is that now, for the first time, the lobbyist thinks reform is going to stall. "I'm not sure I see the path anymore," he says. (See 10 things that have and haven't changed during Obama's first year...
...India compared with only 35% in China. India's confident consumer didn't let the economy down. Passenger car sales in India in December jumped 40% from a year earlier. "What we see [in India] is a fundamental domestic demand story that doesn't stall in the time of a global downturn," says Asianomics' Walker. (See pictures of India's "slumdog" entrepreneurs...