The fair value of loans, the price a third party would pay for them, is $76 billion below the value they are held at on the banks' balance-sheets, suggesting bad-debt recognition is too optimistic.
"Each of these tribes has wealthy, powerful investors who have made a very big debt on gaining recognition, because the financial payback is potentially unending and immeasurable.
Jayson Blair (NYT) ALBANY: DEBT ASSESSMENT In recognition of New York State's new plan to trim its debt, Moody's Investors Service yesterday upgraded the outlook on the state's credit rating, a step short of raising the rating itself and lowering New York's interest costs.
"I recall a most ingenious piece in a Wisconsin quarterly some years ago," he writes an inquiring student, "in which 'The Recognitions' ' debt to 'Ulysses' was established in such minute detail I was doubtful of my own firm recollection of never having read 'Ulysses.' " He never loses his sense of humor, or his sense of proportion.
"She is only where she's at because he led the party to an election victory last year – but there isn't a single word of recognition or debt she owes them," he said.
3. Social equity: climate justice includes recognition of climate debt due to past emissions of Annex 1, and fair burden sharing for both mitigation and adaptation in the future.
What do such common concepts as debt, equity, ownership, authority, and recognition mean in these new models?
Previously, I wrote about how the steep decline in applications to law schools was an unsurprising "consumer" response to the downturn in the legal sector in the wake of the financial crisis and the recognition that student debt was no longer dischargeable in bankruptcy.
When lawyer and future Supreme Court justice Ruth Bader Ginsburg wrote her brief for Reed v. Reed a 1971 Supreme Court case that for the first time extended the Fourteenth Amendment's Equal Protection Clause to women she added Murray and Kenyon as coauthors in recognition of her debt to their work.
Despite this recognition, the increasing debts of the MDHB meant that by the 1960s the company was eager to get rid of the Albert Dock.
Joined by steel and mine workers on Monday, pro-union employees of UPMC marched to the hospital's headquarters at the U.S. Steel Tower with some specific demands: a hospital minimum wage of $15, the elimination of employees' health care debts to the hospital and recognition of a union.
