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Jim Grant: "Make America Solvent Again"

Business & Finance : Zero Hedge

Submitted by Jim Grant via, $13,903,107,629,266. Can the nation afford this much debt? This much I have learned about debt after 40 years of writing and study: It is better not to incur it. Once it is incurred, it is better...

Economist Mark Zandi on Default: "We Will Be Dooming Our Economy and the Entire Global Economy" For Years

US Politics / Liberal : Political Mojo

On Monday, I took a shot at Sarah Palin after she wrote, "To suggest that raising the debt limit doesn’t incur more debt is laughably absurd. The very reason why you raise the debt limit is so that you can incur more debt. Otherwise...

Pumpkin sushi takes the spice out of a new fall trend

Humor : Mashable: Watercooler

When you see the word "pumpkin," your immediate word association might be "spice latte," but that's not always the case.  At least, it's not in the case of the pumpkin sushi at NYC'S Sushi Sushi, as reports Gothamist. SEE ALSO: Star...

China Injects Economy With A Quarter Trillion In Debt In One Month, But The Full Story Is Much Scarier

Business & Finance : Zero Hedge

Overnight the PBOC reported its debt statistics for the month of September and it will probably not come as a surprise that for yet another month, China flooded its economy with the latest massive new loan injection, while the count...

Odysseas Papadimitriou: U.S. Consumer Credit Card Debt Levels on the Rise

Business & Finance : Huffington Post: Business Blog

The credit card debt pay down that comes in first fiscal quarter of each year is inevitably followed by a three-quarter stretch where these pay downs are systematically erased and new debt is often incurred.


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