Moody's cuts U.S. outlook to negative; The Hollow Men…and hollow women, too...more
"In the context of higher interest rates, without effective fiscal policy measures to reduce government spending or increase revenues," the agency said. "Moody's expects that the US' fiscal deficits will remain very large, significantly weakening debt affordability."
Brinkmanship in Washington has also been a contributing factor, Moody's said.
"Continued political polarization within US Congress raises the risk that successive governments will not be able to reach consensus on a fiscal plan to slow the decline in debt affordability," the ratings agency said.
America's Growing Economy... Brought To You By Visa & Mastercard Mainstream financial network pundits and government officials keep telling us that the economy is chugging along because Americans continue to spend money. But it’s clear that borrowing is the only thing sustaining this spending spree.
Meanwhile, the “resilient” American consumer is drowning under a surging tidal wave of debt.
Total household debt rose by $228 billion in the third quarter, setting a new record of $17.29 trillion, according to the latest data from the New York Federal Reserve.
Average credit card balances top $6,000, a 10-year high, as delinquencies rise Persistent inflation has put many households under financial pressure — more cardholders are carrying debt from month to month or falling behind on payments.
Credit card delinquency rates rose across the board, the New York Fed and TransUnion found.
“These are consumers who are struggling to afford their everyday expenses,” said Charlie Wise, senior vice president of global research and consulting at TransUnion. “They’re trying to keep the house of cards from collapsing.”
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The students about whom the professor wrote in the essay linked above have not only been encouraged to devote their time to hoop-jumping, they have also been told again and again that their country and their society are evil – that their ancestors were evil, and their parents are probably evil as well. And that practically all aspects of culture more than five years old, whether traditional songs and folktales or classic movies, are harmful and certainly unworthy of study except for purposes of deconstructing their bad examples. And, of course, relatively few of these students are influenced by or have seriously studied any traditional religion.
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U.S. District Court Judge Matthew Kacsmaryk blocked the Bureau of Alcohol, Tobacco, Firearms and Explosives from enforcing its ban on AR-15 style “pistols” equipped with arm braces, calling the agency’s new rule unlawful.
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Tuition Waivers Open Only To Non-Whites at U. North Dakota and Its Law School Challenged by Equal Protection Project “This is much worse than what Harvard and USC were accused of doing,” he said, noting the Court found taking race into consideration unlawful. “Here, you have absolute barriers based on race and ethnicity.”
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Pope Francis’ latest document comes despite the fact that the Catholic Church teaches that deliberate bodily mutilation and homosexual acts are gravely sinful, and that those requesting Baptism for children must intend to raise the children in the Catholic faith.
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'Let it Burn': Fire Departments Ill-Prepared for EV Boom EVs release their own oxygen when they burn, meaning they can reignite hours or even days after the original fire has been doused. They also emit poisonous fumes that Tom Miller, who teaches for the West Virginia University Fire Service Extension and the National Volunteer Fire Council, said “make hydrogen cyanide look like Pez.”
posted by Pat Dague @ 10:37 PM
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