* You are viewing Posts Tagged ‘Debt’
Tags: Bankruptcy, Debt, Governor Chris Christie, New Jersey, portrait of the day, sketch of the day
Sharpie on today’s newsprint
Faced with a bankrupt state government, New Jersey’s new governor, Chris Christie is serving up some tough love.
Happy Valentines Day!
Tags: A Hard Rain's A-Gonna Fall, Christina Romer, Debt, Deficits, Larry Summers, Peter Orszag, portrait of the day, sketch of the day, Timothy Geithner
Ball point pen on the morning newsprint
The Deficit for the coming year is eleven percent of GDP and the most optimistic of forecasts project unsustainable debt for at least ten more years.
Translation: A Hard Rain’s A-Gonna Fall.
I saw ten thousand talkers whose tongues were all broken,
indeed.
Tags: Abu Dhabi, Debt, Dubai, Sheik Khalifa bin Zayed al-Nahyan, United Arab Emirates
Ball point pen on the morning newsprint
The United Arab Emirates claim to be one country, but the religious, oil rich Abu Dhabi and it’s current emir, Sheik Khalifa bin Zayed al-Nahyan seem hesitant to step in and bail out the secular, upstart Dubai, leading many to speculate about a rift between the two emirates. Dubai’s reported debt now stands at 148% of it’s GDP.
Tags: Abu Dhabi, banking crisis, Debt, Dubai, Mohammed bin Rashid Al Maktoum, United Arab Emirates
Ball point pen on the morning newsprint
An unprecedented construction boom, down turn in the economy and real estate markets, and the world-wide banking crisis, has caused the heavily leveraged, secular Dubia to seek help from the conservative, religious and financially sound big brother, Abu Dhabi. Stay tuned.
Tags: Bailout, Debt, Henry Paulson, portrait of the day, sketch of the day, What is a Trillion?
Ball point pen on the morning newsprint
…When added to the 700 Billion, the numbers start to get abstract. A trillion dollars is a million million. If you laid one dollar bills end to end, you could make a chain that stretches from earth to the moon and back again 200 times. One trillion dollars would stretch nearly from the earth to the sun. It would take a military jet flying at the speed of sound, reeling out a roll of dollar bills behind it, 14 years before it reeled out one trillion dollar bills.
The tab so far for bailouts has reached 8.5 Trillion Dollars! I wonder how long it will take my great grandchildren to pay it back to China.
Blogging note: A special thanks to Charley Parker over at Lines and Colors, for featuring my blog yesterday. I’ve been a big fan of L&C and I am honored to be included in the pantheon of great art that I’ve so enjoyed reading about over the years. I’ll try to live up to the honor.