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We decided that the situation had reached a point where default on a note issue or a failure to make a bond interest payment could be more real than imagined".
(It has yet to default on a note payment).
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Earlier this year, it defaulted on a note to pay two independent consultants over half a million dollars in fees.
The input of capital from Abu Dhabi prevented an embarrassing default on a $4.1 billion note by Nakheel, the property division of Dubai World.
"To use a telling phrase of the Reverend Martin Luther King, we can say that we have defaulted on a promissory note and now is the time to honor it".
Lest climate-change deniers miss the urgency, Francis added: "To use a telling phrase of the Reverend Martin Luther King: we can say that we have defaulted on a promissory note and now is the time to honour it".
"To use a telling phrase of the Reverend Martin Luther King, we can say that we have defaulted on a promissory note and now is the time to honour it," he said.
Pope invokes MLK: We have defaulted on a promissory note & now is time to honor it.
This group of people "cries out to heaven," he said, quoting Martin Luther King Jr. in charging that the world has "defaulted on a promissory note".
UPDATE [Friday, January 15]: Just a few days after defaulting on a promissory note caused SFX stocks to plummet even further, the company has announced that they have received $20 million in new financing.
He referenced Martin Luther King Jr.'s "I Have a Dream" speech, saying, "We can say that we have defaulted on a promissory note and now is the time to honor it".
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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