An average taxpayer is going to have to fork over more than $2,000 this year just to cover their share of the interest on the national debt. It’s a huge sum going purely to finance the spending and borrowing of the past.
At the rate the national debt is rising, interest payments — the fastest growing part of the federal budget — will be bigger than Medicaid by next year and the military by 2025.
Corporate debt in China stood at 155 per cent of GDP in the second quarter of 2018, which is much higher than in other major economies and unlikely to be sustainable, the OECD said. By comparison, Japan's corporate debt level is 100 per cent of GDP and the US’ is 74 per cent, respectively.
“We are clearly determined to maintain an ample degree of monetary accommodation for as long as necessary to reach our target of inflation below but close to 2 percent,” Villeroy told a conference sponsored by the Paris Europlace New York.
The country also raised its 2019 deficit to 2.4%, breaking a commitment given to the European Commission last year to stick to just over 2%. The government also predicted public debt would hit a fresh record high of 132.6% of gross domestic product (GDP).
Japan should more than double the consumption tax rate to as high as 26 percent to ensure its fiscal sustainability, the Organization for Economic Cooperation and Development said Monday…..Japan's fiscal health has remained the worst among advanced economies, with public debt equivalent to 236 percent of gross domestic product last year, according to the Finance Ministry.
Listen in on the conference calls or read the earnings reports of the companies that have reported so far, and you can see plenty of references to the impact of higher costs on the bottom line. Trucker and logistics firm JB Hunt cited “increased driver wages and higher recruiting costs” as a negative impact on earnings, but there have been plenty others…
Seattle: The Utopian Lie (thc0655)
Colion Noir shines a light on the epidemic disguising itself as a homelessness problem, that is plaguing Seattle, while the politicians refuse to even acknowledge the issue and instead scapegoat owners and diminish the rights of the law-abiding. This is the true story of Seattle and its Utopian lie.
For the Sanders campaign, it was an ideal end to a four-day swing through the industrial Midwest that was meant to show that he's the presidential candidate best positioned to beat Trump. Significant numbers of Democratic primary voters are more concerned with a candidate's ability to win than his or her ideology, according to recent polls.
Some of the difficult questions asked by the hosts, Bret Baier and Martha MacCallum, were about Sanders’ “Medicare for All” plan.
If it doesn’t ask the farmers what they need, however, who does a development foundation ask? The answer, says the Gates Foundation, is science. The Gates Foundation has nailed its flag to the mast of big data and scientific rigor. It has aggressively pursued scientific data collection as the key to effective action in health care, education, and now agriculture.
The microbial by-product nitrous oxide (N2O), a potent greenhouse gas and ozone depleting substance, has conventionally been assumed to have minimal emissions in permafrost regions. This assumption has been questioned by recent in situ studies which have demonstrated that some geologic features in permafrost may, in fact, have elevated emissions comparable to those of tropical soils. However, these recent studies, along with every known in situ study focused on permafrost N2O fluxes, have used chambers to examine small areas (<50 m2). In late August 2013, we used the airborne eddy-covariance technique to make in situ N2O flux measurements over the North Slope of Alaska from a low-flying aircraft spanning a much larger area: around 310 km2.
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the “3 Es.”