Your English writing platform
Discover LudwigExact(3)
Northern Rock, a British mortgage lender, was an early casualty in the autumn of 2007.Complex chains of debt between counterparties were vulnerable to just one link breaking.
This goes to show that only a strong Greece can break her chains of debt slavery.
If we want to abolish the slavery of low-wage, dead-end jobs imposed upon us by the chains of debt to which they've shackled us, all we have to do is organize our anger into something that even those who have stolen all of our livelihoods will fear.
Similar(57)
At worst, however, it could cause a chain reaction of debt defaults.
A bailout of Greece would be far less expensive than the potential fallout from a chain reaction of debt crises leading to larger countries with budget woes, like Spain and Italy.
His poem "Mirza Ghalib in Old Age" looks back at the famously impecunious life of the great Urdu bard and dwells, aptly enough, on the way that poetic lustre never pays the bills: "In every post came/ Friends' verses to correct,/ But his rosary-chain/ Was a string of debts".
It would unlock chains of inter-company debt, as well as weaning banks off the easy option of keeping big chunks of their balance sheet in (supposedly) risk-free government bonds and encouraging them to take more credit risk.
These Apple Pie loving and God fearing escape artists will always free themselves from their failure to prevent 9/11; despite the chains of broken lives, debt, and counterinsurgency wars that followed the terror attacks under their watch.
And magnifying the problem, for many chains, is a heavy burden of debt that they took on, mostly in a spree of buying other newspapers from 2005 to 2007, just before the bottom dropped out of the business.
But businesses and ordinary people all the way down the automotive food chain are shouldering a lot of debt too.
Given the structure of modern financial markets, with their chains of derivative trades and their pyramids of debt, there is only one answer.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com