The Freedom from Debt Coalition (FDC), a member of Stop Kaliwa Dam alliance, warned against a ticking '
debt bomb,' referring to China-funded projects.
DAVOS -- As developing countries face the threat of a ticking '
debt bomb', experts have suggested reducing reliance on foreign-funded mega projects and running primary budget surpluses to stop further accumulation of debt.
There are concerns galore: Brexit, trade wars, Italy's fight with the European Union, renewed US sanctions on Iran, a Chinese
debt bomb, jittery stock markets, intermittent capital flight from emerging markets, and more.
Financial authorities and regulators should take radical steps to defuse the
debt bomb before it is too late.
In fact, a company some consider to be one half of radio's "dynamic
debt bomb duo" had a solid quarter, and is perhaps in the earliest stages of a massive turnaround led by its iHeartRadio app — a smartphone entertainment platform that puts iHeart one step ahead of problematic Pandora Media.
Instead of ploughing energy and investment into efforts to create an EU where the next Amazons, Intels, Googles, Samsungs and Apples will be created, we see the sad spectacle of European leaders halfheartedly trying to defuse Greece's
debt bomb while looking back over their shoulders at their national electorates.
Far too often, the result is a low-value
debt bomb, backed nearly entirely by government funding.
The debt ceiling was no more than prolonging the fuse of the US
debt bomb one inch linger.
But with 90 days left to bridge the ideological and partisan divide before another crisis erupts, the fuse on America's
debt bomb is getting shorter and shorter.
NACBA first sounded the alarm on the rising amount of student loan debt with its 2012 report, “The Student Loan '
Debt Bomb': America's next Mortgage-Style Economic Crisis?”
We can no longer sit by while this student
debt bomb keeps ticking."
