Not exact matches
Now,
as the private
sector unwind of
debt nears completion, the onus is shifting to the
public sector to address bloated
debt balances in the year ahead.»
The effect of transfer payments to the financial
sector —
as well
as the $ 5.3 trillion increase in U.S. Treasury
debt from taking Fannie Mae and Freddie Mac onto the
public balance sheet — is to support asset prices (above all those of the banking system), not inflate commodity prices and wages.
«That turned out to be wrong,
as a painful process of balance - sheet deleveraging — reflecting excessive private -
sector debt, and then its carryover to the
public sector — implies that the recovery will remain, at best, below - trend for many years to come.»
But there is something profoundly troubling about speculators in Puerto Rican
debt reaping windfalls even
as estimates of hurricane damage are revised up, tax reform legislation undermines Puerto Rican competitiveness, out - migration increases, political cleavages increase, layoffs from the
public sector are set to increase and outside observers become more pessimistic about Puerto Rico's economic prospects.
Public -
sector solutions to resolve the Europe's
debt crisis from institutions such
as the International Monetary Fund and the ECB are «merely bodies exchanging cards in a game of old maid,» Gross added.
In the
public as well
as the corporate
sector,
debt extraction is depleting the «wealth of nations.»
To paraphrase Charles Baudelaire's quip that the devil wins at the point where the
public comes to believe that he doesn't exist, the financial
sector's lobbying effort wins at the point where people believe that running into
debt contributes to economic growth rather than burdens it, and that they will end up richer by acting
as bank customers.
The charter introduces a target for
public sector net
debt as a percentage of GDP to be falling at a fixed date of 2015/16.
(a) Expanding the Green Investment Bank's scale and remit
as fast
as possible, including relaxing the restriction on its ability to borrow before total
public sector debt begins to fall.
However, in 2013, under President Mahamas first year administ ration, the total
public sector debt stock
as at the end of September 2013 was GHc46.1 billion (53.5 %) of GDP up from GHc35.1 billion at the end of December 2012, Between December, 2012 and September, 2013, former President Mahama's administration added about GHc11 billion to the total
debt stock,
as against the GHcl6.8 billion the Nana Akufo.
However, throughout the second half of the 20th Century, national
debt and
public sector borrowing emerged
as a structural problem in most developed economies, with large deficits being run year after year,
as the role and «size» of the state has grown.
And in exchange we will ask for your help in solving Labour's
Debt Crisis by keeping the cost of
public sector pay only
as high
as the country can responsibly afford.
«Scandals and perceived corruption in governance and the society generally, socio - economic hardships such
as unstable currency, unstable power supplies — undermining both industrial and domestic ventures — executive bureaucratic delays in the
public sector, especially at the ports, many industrial actions, protest demonstrations throughout the economy, sudden and high tariff increases for utilities, and ever - bloating national
debt stock, have hall - marked the out - going year,» he observed.
The report is at least
as much about the sorry state of the global economy
as it is about the strength of our own, praising our «comparatively low government and corporate
debt» and a «healthier state of
public and corporate
sector balance sheets.»
the PSLF program was introduced by President Obama
as a way to help
public sector employee struggling with student loan
debt.
Before proceeding further, we should note that, since the financial crisis exploded into
public consciousness, in September, with the exception of Treasury bonds and other
debt explicitly guaranteed by the Treasury such
as GNMAs, all
sectors of the fixed - income markets have experienced gut - wrenching declines.
Just 40,000 borrowers are enrolled in the «Pay
As You Earn» program, which allows borrowers to pay 10 percent of whatever they make above the federal poverty line, and then have the balance of their
debt forgiven after 10 or 20 years depending on whether they work in the
public or private
sector.
These programs are mainly designed to provide relief to fields that come with substantial
debt (e.g. physicians, lawyers)
as well
as those in the
public sector that don't typically earn a high salary (e.g. teachers), but it's worth looking into regardless of your profession.
Austerity advocates are knowingly or unknowingly the useful idiots of the bloated financial
sector,
as artificially limiting government expenditure and giveaways to
public assets, makes more room for and dependence upon private
debt issuance.
Our client has two excellent opportunities for two self motivated individuals who are looking for a career in finance with the
public sector as a Finance officer working alongside our clients Corporate
Debt Team.