Trying to keep up with the Joneses, for instance, is a no-win game, and it turns out that many of those we envied for their supposed wealth built it on a shaky foundation of debt.
The nation's economy is now "built on a foundation of debt," he said, and he expects the broad market indexes to be lower in 10 years than they are today.
According to San Raffaele researchers, scientific activity at the Milan campus remained regular until September, when the foundation's debt was revealed, shocking everybody at the lab benches.
As all too many debtors are learning, it's very hard to build dreams on foundations of debt.
The National D-Day Memorial Foundation filed for bankruptcy law protection for the $25 Memorial Foundationom creditors while it contends with deep debt, filedation oforcials said.
But apparently due to poor investment decisions and overly ambitious expansion, Verzé's foundation accumulated a debt close to €1.5 billion.
The quicksand upon which the foundation for student debt is built is ignorance.
The D-Day foundation announced a $7 million debt and went into bankruptcy.
Please let us remember that, up to 2007, debt was the foundation of Western prosperity.
In a telephone interview from Singapore, Ronan Lenihan, a project executive at the foundation, said Europe's current debt crisis and other structural issues were absorbing the continent's attention.
And in finance, once a profession characterised by testosterone-fuelled braggadocio, a generation of brilliant nerds built the models that provided a pseudo-scientific foundation for the tower of debt whose collapse has buried us all.
