Large-scale government investment programmes and considerable foreign borrowing were succeeded by the credo of liberalise-privatise-deregulate, now heavily nuanced by rhetoric of poverty reduction and a focus on institutional reform and good governance.
While the Chinese government has considerable unused borrowing capacity at the national level as well as $3 trillion in foreign exchange reserves, any move by the central government to bail out profligate local governments would be politically contentious.
Mr. Soros and Mr. Meriwether make big bets on macroeconomic trends in the global currency, commodity, stock or bond markets and often use considerable leverage, or borrowed money, though the two of them use very different tactics.
Mr. Bacon is one of the last major practitioners of macro investing on the scale of men like George Soros and Julian H. Robertson Jr. Macro funds, which dominated the hedge fund industry in the early and mid-1990's, make big bets on the direction of global stock, bond, currency and commodity markets and use considerable amounts of borrowed money, or leverage, to increase the stakes.
And can we please remember that today, getting a degree means borrowing a considerable amount of money?
All in all, he left behind over $50 billion in additional borrowing and considerable increases in taxing and spending.
It has borrowed a considerable number of words from the Dravidian languages, mostly from Tamil, which is also spoken in Sri Lanka.
In the short term, the sharp decline in the global price of oil from more than $100 to less than $40 in less than a year has forced the Saudis to draw down their considerable reserves and to borrow money, but from their perspective it has also had benefits.
"The constraints are considerable: they prevent us from borrowing certain works and prevent us from getting certain exhibitions".
It appears, then, that Pyrrho may have borrowed to a considerable extent from Anaxarchus.
