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What are the implications of debt, duration, and precarity on culture in the 21st century?
Understanding credit and the long-term implications of debt will also help prepare them to make college-financing decisions in a few short years".The decisions you make about debt in high school and college can have a long-term affect on your career and you financial security," says Kelly Long, a certified financial planner with Financial Finesse.
In this post, I'd like to add two points to the discussion: 1) job growth and profitability, and 2) the tax implications of debt financing.
Others pretend to worry about the moral hazard implications of debt relief, despite the fact that the country's private sector debt has already been written off at EU insistence, and that there are dozens, if not hundreds, of precedents for restructuring the debts of insolvent sovereigns.
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The government is evasive about the implications of cutting debt; it needs better answers to the overheated Tory charge that Britain is going bankrupt.
We also have continuing tensions in Libya and the Middle East and let's not forget traders are still uneasy about the implications of sovereign debt on nations such as Spain and Portugal.
WDM spokeswoman Miriam Ross added: "David Cameron would have us believe that business and science are the answers to global hunger, but this ignores the implications of unpayable debt, unfair global trade rules and the increasing concentration of power in the hands of corporations at the expense of the poor".
I'm extremely concerned about the implications of our debt and budget crises for our future, but I'm still confident in America and Americans.
Moreover, in the presence of large differences in tax and welfare policies across countries, migration could entail additional redistribution effects via the public budget, and the implications of government debt for future generations could be exacerbated by large-scale outward migration.
Expect those appeals to focus on the pocketbook implications of a debt-ceiling crisis — namely, increases in interest rates for mortgages, credit cards, and car payments, not to mention the nation's existing debt.
But the case is being watched closely because of its implications for debt restructuring – including deals for Greece – and the capacity of vulture funds to sow financial mayhem.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com