Tag - debt

 
 

DEBT

Japan Times
WORLD / Politics / ANALYSIS
Sep 29, 2013
Shutdown quandary shows Washington's breakdown
Washington once again stands at a moment of crisis — only this time, Democrats and Republicans are not negotiating a way to avoid it. They are not even speaking to one another.
BUSINESS
Sep 27, 2013
Obama draws line in sand on health law, debt ceiling
To the chagrin of many in his own party, President Barack Obama has almost always been willing to negotiate — on taxes, on spending, even on the social safety net.
BUSINESS
Sep 27, 2013
Republican hard-liners block plan to avoid U.S. defaulting on debt
The Republican Party's right wing on Thursday blocked a strategy by House Speaker John Boehner for navigating a series of deadlines to keep the government funded and avoid a first-ever U.S. debt default.
WORLD / Politics
Sep 19, 2013
Boehner aims to defund 'Obamacare'
With the deadline for a federal government shutdown growing near, U.S. House Speaker John Boehner had a familiar choice to make: embrace something that looked like a compromise with Democrats, antagonizing conservatives in his party, or give in to their demands and guarantee a showdown with President...
Japan Times
WORLD / Politics
Sep 15, 2013
Conservative Club for Growth targets 'Obamacare'
The first sign that Republican leaders could not control their new majority came on a vote to help Americans who lose their jobs to foreign workers. House Majority Leader Eric Cantor considered the measure routine and in February 2011 put it on a list of bills that were expected to pass without objection....
BUSINESS / Economy
Aug 30, 2013
White House, Republicans give up on budget talks
The Obama administration and a group of Republican senators on Thursday abandoned efforts to hammer out a budget deal and avoid a showdown over the national debt, saying they had failed to resolve their long-standing dispute over taxes.
BUSINESS / Economy
Aug 27, 2013
U.S. faces deadline to raise borrowing limit
The United States is set to run out of borrowing authority in mid-October, leaving the government at a high risk of not being able to pay for Social Security checks, military salaries and other operations, the White House said Monday.
Japan Times
WORLD
Aug 12, 2013
Presidents' grand plans fail in Detroit
During the Nixon years, Detroit's business elite laid plans for the glittering Renaissance Center retail and office complex. The Ford and Carter administrations brought the "People Mover," an elevated rail loop around downtown that hardly anybody rides today.
BUSINESS / Economy
Aug 9, 2013
A first: Nation's debt tops ¥1 quadrillion
The national debt exceeded ¥1 quadrillion for the first time, underscoring the case for Prime Minister Shinzo Abe to proceed with a sales tax increase to shore up government finances.
BUSINESS
Jul 29, 2013
China orders government debt audit
China will start a nationwide audit of government debt this week as the new Communist Party leadership investigates the threats to growth and the financial system from a record credit boom.
Japan Times
BUSINESS
Jul 26, 2013
Obama wants Congress to just get out of the way
There have been many economy road shows over the past 4½ years, a mix of presidential pageantry and salesmanship to convince the United States and Congress to do more to create jobs and improve future economic prospects.
Japan Times
BUSINESS / FOCUS
Jul 22, 2013
Restructuring wizard sets sights on Detroit
The man who has become the face of Detroit's historic bankruptcy planned to spend his weekend at home in Chevy Chase, Maryland, corralling the ferns that are overgrowing their planters and threatening his garden. Or maybe taking his two young children to the pool.
Japan Times
BUSINESS / FOCUS
Jul 20, 2013
Detroit renews urban policy debate
A national urban policy would not have saved Detroit, but the city's bankruptcy filing Thursday was a vivid reminder of how the problems of America's cities have long ceased to be a focal point of the political debate in presidential campaigns or on Capitol Hill.
BUSINESS
Jul 20, 2013
G-20 vows to prioritize employment, economic growth in short term
The finance chiefs of the Group of 20 major economies pledge to take necessary steps to boost job creation and economic growth as a near-term priority.
BUSINESS
Jul 19, 2013
Detroit files for biggest municipal bankruptcy in American history
Detroit files the largest municipal bankruptcy in U.S. history, marking a new low in a decline that has left the Motor City bleeding revenue and choking city services.
BUSINESS / Economy
Jul 18, 2013
China economy 'unsustainable': IMF
China's economy, fueled by credit and government debt that has increased far faster than official statistics reflect, is heading in an "unsustainable" direction that poses major risks in the years ahead, the International Monetary Fund reported Wednesday.
BUSINESS
Jun 27, 2013
Probe launched after Anglo Irish execs' calls leaked
A former executive at Anglo Irish Bank Corp. said it would be "fantastic" if the state took over the lender, as "we'd all get to keep our jobs" and sang "Deutschland uber alles" as the bank won German deposits, according to tapes of 2008 conversations released last Wednesday.
ASIA PACIFIC / FOCUS
Jun 24, 2013
China's slump puts U.S. economy at risk
Concerns are growing about China's economy as the country's new leadership tries to get a handle on deep problems that experts say have been years in the making.
Japan Times
COMMUNITY / Voices / VIEWS FROM THE STREET
May 21, 2013
Yokohama: What do you think of the prime minister's 'Abenomic' strategy so far?
Businesses are getting better, and at least finance types are strong. But in my business salaries are not going up.
WORLD
May 19, 2013
Obama seeks over $1 trillion in new taxes
President Barack Obama's most recent budget request will reduce borrowing by $1.1 trillion over the next decade compared with current law — almost entirely through higher taxes on the rich, large estates and smokers, congressional budget analysts said Friday.

Longform

Tetsuzo Shiraishi, speaking at The Center of the Tokyo Raids and War Damage, uses a thermos to explain how he experienced the U.S. firebombing of March 1945, when he was just 7 years old.
From ashes to high-rises: A survivor’s account of Tokyo’s postwar past