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Many companies that have been taken private report net losses because of higher debt interest payments.
Tyco also said Wednesday that it could miss its fiscal 2002 earnings goal of $3.70 a share by as much as 40 cents a share because of higher debt costs and continued weakness in its electronics sector.
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But it added that economic growth among its members would most likely "fluctuate around a modest underlying rate for some time to come," partly because of high debt levels.
He's in familiar territory, at least: After joining the Billionaires list in 2009, he was absent the next year because of high debt and bad oil trades.
The renowned American Schwinn brand was downgraded to the mass market by its new owners following bankruptcy, and Britain's Raleigh came close to closure because of high debts and poor returns, saved only by a last-minute management buyout.
But more seriously, let's look at the full list of countries that got into trouble because of high debts accumulated before the crisis, as opposed to those that have developed large deficits as a consequence of the crisis.
A survey of manufacturers in China showed Tuesday that factory activity had probably contracted slightly in August, as concerns mounted that the country's exports might decline because of high debts and slowing economies in Europe and the United States.
Be cautious of high debt balances.
One called it a potential "house of cards" because of its high debt, increased film budgets and lack of hits.
Last year, the ratings agencies Moody's Investors Service and Standard & Poor's both cut ArcelorMittal's credit rating to junk status because of its high debt and anticipation of a worsening environment for the steel industry.
On Tuesday, Incra also rated Brazil, which received a score of 6.8, or A+; and Japan, which received a score of 6.0, or A–, because of its high debt and stagnant economy.
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CEO of Professional Science Editing for Scientists @ prosciediting.com