Over levered households cannot spend, over levered banks cannot lend, and over levered governments cannot stimulate.

Why China Can t Adjust

It is the blind hatred that doesnt see contributions!!

Therefore governments rarely default on the entire value of their debt.

Okay, there's a few heartbreaks that chocolate can't fix.

It's impossible to put into words why this moment is so meaningful and important to us.

Women are often unable to negotiate the terms of sexual relationships.

I think that any organization that fails to innovate will be in danger.

Pictures often convey values more powerfully than words.

But even the best advertising cannot sell an unpopular product.

Whilst As long as the judicial establishment failed to discharge its responsibilities, the situation got worse.

None of these legal grounds holds water.

In Iraq, America has unrivaled control of the air, but can t hold the ground.

Other regions, however, are likely to be unable to provide productive employment.

None of this can be explained by economic fundamentals.

You couldn t conceal her smile and happiness, at times she had difficulty getting the words out.

Some Socialists fear that, once nominated, she would not be able to confront Sarkozy in direct debates.

The phase of revulsion and rejection is never complete, but the bold visions never recover their original splendor.

If the IMF terminates its current program, Pakistan will be unable to service its foreign debt.

But it is virtually certain that China will fall short of this threshold in 2009.

A government that cannot balance its own finances cannot be relied on to provide macroeconomic stability.

Problems arise when countries cannot or will not spend sensibly.

After 2015, easily accessible supplies of oil and gas probably will no longer keep up with demand.

Football may explain the world, but it does not improve it.

And when they cannot agree on a course of action, it is difficult for the organization to operate.

America s inability to inspire the peoples of the Middle East, all ruled by US backed autocracies, is not exactly stunning news.

Banks had reassured themselves with the belief that countries could not become insolvent.

But poor countries typically lack the funds needed to pay such a team s fees.

As a result, they cannot provide a guarantee to bondholders that the cash will be available to pay them at maturity.

Developed countries that issue bonds in their own currency never default, because they can always print money.

First, both cyber security and financial stability are extremely complex topics with which government regulators can hardly keep up.

But unskilled workers incomes are not keeping pace with overall economic growth, and the resulting social strains are a ticking bomb.

Yes, there are some wonderful, honest companies that deserve investment and can t get it, but they are not that common.

What these kinds of exams cannot do and should not attempt to do is test people s political convictions.

The election of the militant and hitherto extra parliamentary group Hamas in the Palestinian territories reminds us of what democracy cannot achieve.

But this view fails to capture the true nature of US influence in Latin America and elsewhere as well.

Words can never describe the pain these people feel and live. My words can only give you a small insight into their suffering.

The United Nations should make us feel confident that the international community will provide people with the necessary protection and assistance when the State is unable to deliver.

Women had no difficulty obtaining membership of such organizations but were often unable to secure managerial positions.

Government debt must be restructured. Bank debts have to be converted into equity and, where banks are insolvent, written off.

Indeed, with Shiite Sunni violence already intensifying, the Iraqi government may not be able to maintain even the appearance of effectiveness for very long.

So, if the deficit being measured is one of houses rather than one of habitats, the solutions often do not solve the real problem.

The lesson is that markets simply cannot work without accompanying public goods and high quality government supervision.

What the Tobin tax does not do is help with longer term misalignments in financial markets.

Neither the Soviet experience in Afghanistan in the 1980 s nor NATO s today vindicates the claim that troop numbers are what matter most on the modern battlefield.