Word: debt
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...lead in a global recovery, and might show signs of an upturn by early 2010. The turnaround will be sparked by Asian companies, which generally are in healthy shape. "They are much less leveraged" than in the past, Walker says. "There has been an aversion to taking on debt in Asia since 1998. There is less vulnerability to a downturn in economic activity." As interest rates around the region fall, Asian companies will begin to seek loans and invest, jumpstarting regional growth. "In that sense, the region is in actually quite a good position to springboard back into recovery" ahead...
Creditors may be willing to make the same bet about the government's future. Since they are likely to get only a small part of the value of their debt in negotiations with GM and Chrysler, they may elect to wait the process...
...recovered by the 2010 election, with or without the stimulus, making it all but certain that Republicans will run for re-election against Obama's economic record. Already, such campaign rhetoric has been seeping into the debate. "The only thing this bill will stimulate is more government and more debt," said Representative Mike Pence, a conservative leader. (See pictures of John McCain's presidential campaign...
...what would Quinn - whose office has acknowledged that the state's accumulated debt could be $5 billion and climbing - do to get the state back on track? "The lieutenant governor has said the priorities are ethics reform, the economy and then the state budget crisis," Reed says. "Any one of those would be enough for anybody, but taken together, it's a tall order...
...billion at least in debt," says state senator Christine Radogno, head of the senate Republicans. "We have unpaid bills, we have less revenue coming in. Everything is literally at a complete standstill as we deal with this impeachment...