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Foreign Debt

How China Stiffs Its Own Creditors

Ian Fletcher | Posted 07.23.2011 | Business
Ian Fletcher

Either the People's Republic of China is the successor state to Nationalist China, in which case it must honor the latter's debts, or it isn't, in which case it is not the legitimate government of the country.

America's Creditors: Which Countries Own Most Of Our Debt?

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011 | Business

New Treasury figures have revealed that some surprising countries own U.S. debt. By the end last year, foreign governments held around $4.4 trillion ...

U.S. Manufacturing 'Red Hot'? Dream On

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

Forget raw-materials exports saving us. That idea drowns in the ocean of foreign crude oil we suck in every year--which causes us to run a deficit, not a surplus, in this sector.

The Biggest Bubble of All Has Yet to Pop

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

While a rich nation can indeed borrow a huge amount of money and has a lot of assets to sell off, this doesn't mean Santa has installed an ATM on every street corner. Which is what a lot of people seem to think.

Nouriel Roubini And Arpitha Bykere: The Coming Sovereign Debt Crisis | Nouriel Roubini and Arpitha Bykere | Posted 05.25.2011 | Business

The severe recession, combined with a financial crisis during 2008-09, worsened the fiscal positions of developed countries due to stimulus spending, ...

Here Comes the Screw Job

Garrett Johnson | Posted 05.25.2011 | Business
Garrett Johnson

The proposed reform involves rolling people's 401(k) savings into directed distribution plans unless they elect not to participate. This probably sounds like a reasonable idea until you dig beneath the surface.

By the Numbers

Max Fraad Wolff | Posted 05.25.2011 | Business
Max Fraad Wolff

We don't have limitless time or money. Consider the numbers. Remember that averages hide our inequalities. Inequality and imbalance are the true root causes of the US and global meltdown.

"If China Calls, Tell Them I'm Not Home."

Dean Obeidallah | Posted 05.25.2011 | Comedy
Dean Obeidallah

As a comedian, I have had to deal with my share of debt collectors in the past so I wanted to offer some advice to President Obama on how to best avoid China if they start trying to collect their trillion dollars...