Despite that increased spending, Illinois unfunded pension liability in 2007 was estimated at $45.8 billion. That has increased to $134 billion in the most recent report from the Illinois Auditor General.
Last year, Standard & Poor’s estimated that China’s local government’s off-balance-sheet borrowings could be as high as 40 trillion yuan (US$5.95 trillion)
The total now accounts for more than 19 percent of the market value of the Bloomberg Barclays Global Aggregate Bond Index, a benchmark of global investment-grade debt comprising everything from Treasuries to corporate and emerging-market issues.
France’s debt reached 2.3153 trillion euros ($2.62 trillion), just 1.4 billion euros below its southern neighbor’s. Italy’s debt as a ratio of economic output — 132.1 percent of GDP
“It is unrealistic to expect the Fed’s balance sheet to return to the size it was before the financial crisis,” he said.
Household debt in Canada, a nation generally known for moderation, has reached levels that could be qualified as excessive. Canadians owe C$2.16 trillion—which, as a share of gross domestic product, is the highest debt load in the Group of Seven economies. With the housing market cooling, a reckoning may be fast approaching.
For a nine-year old global company, generating larger operating losses than revenues is an art, takes some doing, and requires full connivance of the investors whose money this is – but really all they want to do is sell the thing to the public at a huge valuation and wash their hands off it.
Hepatitis A, also spread primarily through feces, infected more than 1,000 people in Southern California in the past two years. The disease also has erupted in New Mexico, Ohio and Kentucky, primarily among people who are homeless or use drugs.
Public health officials and politicians are using terms like “disaster” and “public health crisis” to describe the outbreaks, and they warn that these diseases can easily jump beyond the homeless population.
The resolution, which was introduced in February by New York Democratic Rep. Alexandria Ocasio-Cortez, calls for “10-year national mobilizations” toward a series of goals aimed at fighting global warming. A separate fact sheet claims the plan would “mobilize every aspect of American society on a scale not seen since World War 2.”
While Maduro points the finger once again at the United States for causing the outage, the White House has denied responsibility. Tensions between the two nations are high as the United States continues to crack down on sanctions, and Venezuela’s oil exports to the United States hit zero a couple weeks ago.
Gold & Silver
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