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

Use more equity, and equity becomes less leveraged and less risky, which causes investors to demand lower returns to hold it, and again the overall financing cost remains the same.

Excessive leverage needs to be reined in.

Without the United Nations, today's world would be a place with less security and freedom, less social justice and democracy.

The second question is how to constrain leveraged growth in the future.

The titans of Wall Street and the City of London were exposed as hugely over leveraged.

Something a bit more free, less constrained.

Soaring oil and gas prices have made Russia more powerful, less co operative, and less interested in joining the West.

Now that the housing bubble has burst, the US finds itself out trained, out educated, and out maneuvered in the global competition for employment.

But offsetting fiscal austerity with ultra easy monetary policies risks fueling a resurgence of private leverage in advanced economies and already has produced the dangerous spillover of rising leverage in emerging economies.

But governing the enlarged union has become more difficult and less efficient.

So office sound is a huge area, and incidentally, noise in offices has been shown to make people less helpful, less enjoy their teamwork, and less productive at work.

Leverage in some emerging markets household and corporate sectors has reached record levels.

Less than 4 of all primary schools have computers.

This time, however, the report is less clear, less reassuring. Who were the protesters?

The ice is most abundant in March and least in August September.

Against that backdrop, the least developed countries are prepared to make their contribution.

The tradable sector is expanding and is not dependent on leverage to generate aggregate demand.

The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries.

So the message he was giving us was you must get more from less and less and less so that you can share it for more and more people, not only the current generation, but the future generations.

Had the United States and its allies pursued an approach centered on punitive sanctions, as with Cuba and Burma, the result would have been a less prosperous, less open, and potentially destabilizing China.

So non democracies need to play by different, less permissive rules.

The point is that debt fueled demand emanates from particular households in particular regions for particular goods.

But in the end, these very different circumstances produced a common and inherently simple problem over indebtedness.

Accordingly, even countries with sound balance sheets and manageable leverage have experienced a growth slowdown.

Africa, least developed countries, landlocked developing countries and small island developing States

The longer run impact is thus different and much less negative.

Its youth are less conformist and more demanding, less passive and more pluralistic.

The EU would become unacceptably diluted.

We think that this is the least they could do or we can ask for.

The central and southern regions are relatively hotter and less humid than the northern coast.

There was 33 unemployment, and just under half of the population lived below the poverty line.

In terms of area, it is the eighth largest country in Europe and the most sparsely populated country in the European Union.

InGaAs covers to about 1.8 µm the less sensitive lead salts cover this region.

In the mandible, the angular and coronoid processes are less well developed than in Holochilus .

Africa, least developed countries, landlocked developing countries and small island developing States

Africa, least developed countries, landlocked developing countries and small island developing States

At the same time, we will endeavour to make it more predictable and less volatile.

option does not appear to be solving current lack of political visibility and authority with forests being regarded as a low profile issue in the international agenda.

With little incentive to manufacture structured investment vehicles, few Spanish banks created them, thereby avoiding excessive leverage.

Significantly, it does next to nothing to alleviate the twin problems of excess leverage and inadequate saving.

Eurozone banks became among the world s most over leveraged and the worst affected by the crash of 2008.

Japan s lost decades after 1990 were the direct and inevitable consequence of the excessive leverage built up in the 1980 s.

Private leverage levels, as much as the public debt burden, must therefore be treated as crucial economic variables.

His current term will be different from his previous presidential administrations, and more uncertain.