"While firms are doing the best they can to reduce the overhang, there is still more to be done," Mr. Naroff said.
The Legacy Loans Program: To cleanse bank balance sheets of troubled legacy loans and reduce the overhang of uncertainty associated with these assets, the Federal Deposit Insurance Corporation and Treasury are launching a program to attract private capital to purchase eligible legacy loans from participating banks through the provision of FDIC debt guarantees and Treasury equity co-investment.
There were other mistakes, too: the effort to reduce the overhang of household debt should have been stronger.
Once we take the problem of debt into account, I think you'd want to add deleveraging and default — which reduce the debt overhang — to his list.
I'd also say that a little more inflation would not be a terrible thing right now — it would help reduce the debt overhang, and it might also, on the margin, make people less risk-averse.
No. 1 was returned to its manufacturer where a set of trailing wheels was added to reduce the rear overhang, and the springs on No. 2 were adjusted and the crank pins shortened to reduce its oscillation.
"For a few weeks it buys tranquillity," she said, "but it does not get at two critical issues: it does not reduce the massive debt overhang and it does not restore growth".
In its final report on Ireland's progress under the rescue scheme, published on Friday, the European commission said: "With public debt level at 124% of GDP in 2013, Ireland needs to continue with fiscal consolidation, reduce the private-sector debt overhang, and improve bank profitability to revive lending".
Mr. Koo, whose book on Japan's experience should be required reading for members of Congress, showed that when the private sector is curtailing spending, fiscal stimulus to increase growth and reduce unemployment is the most effective way to reduce the private-sector debt overhang choking private spending.
Modest inflation would, however, reduce that overhang — by eroding the real value of that debt — and help promote the private-sector recovery we need.
Telomeres have also been a promising target for cancer therapy: telomerase inhibitors can induce short telomeres in cancer cells to be uncapped [ 18]; and G-quadruplex ligands (e.g., telomestatin) reduce the amounts of G-rich 3'-overhang and remove POT1 and TRF2 from telomeric DNA, resulting in telomere uncapping [ 20, 47].
