Mr. Wendt continued to see a bright side, emphasizing that the insurance and finance operations that make up Conseco are "good businesses that can have bright futures" and blaming the parent company's excessive debts for the problems.
He took five and a half minutes to say they should tell voters that the election is a choice, and that Democrats stand for tax cuts for the middle class, for companies investing in America instead of overseas, for good educations without excessive debt and for "innovation, research and development, skilled workers, lifelong learning".
Soros – whose enormous trades are still blamed in some countries for contributing to the Asian financial crisis of 1997 – pointed to deflation and excessive debt as reasons for China's slowdown.
After two failures, the institution must warn students about excessive debt and the potential for closure and give them transfer options.
To some such as Wolfgang Schäuble, Germany's finance minister, or George Osborne, his British counterpart tough fiscal policy is the cure for excessive debt; and any easing risks betraying a confidence-sapping loss of resolve.
Ireland and Italy, the other two countries most often cited for excessive debt in Europe, are projected to have gross debt/GDP ratios of 82% and 116%, respectively.
Some of that is because of money: excessive debt and bankruptcies were responsible for 12% of suicides and suicide attempts among veterans in 2010, notes a US army report.
That said, the Chinese readily accept that the stimulus programme has led to a multitude of acute problems: chronic over-investment in industries responsible for infrastructure, excessive debt, a property market overhang and growing financial problems in local government.
Recognizing growing investor concerns about excessive debt buildup and ominous implications for the country's financial sector health, Chinese leaders have pledged to rein in leverage and signaled a tightening bias on the monetary policy front by lowering the targets for both total social financing and broad money of 12percentt in 2017 from 13percentt in 2016.
