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Study: US manufacturers gaining competitiveness

WASHINGTON (AP) — U.S. manufacturers have grown more competitive over the past decade compared with factories in China, Brazil and most of the world's other major economies.

New report calls U.S. a 'rising star' of global manufacturing

The base of several wind turbine blades are seen outside TPI Composites in Newton Call it the comeback kid. A new ranking of the competitiveness of the world's top 25 exporting countries says the United States is once again a "rising star" of global manufacturing thanks to falling domestic natural gas prices, rising worker productivity and a lack of upward wage pressure. The report, released on Friday by the Boston Consulting Group (BCG,) found that while China remains the world's No. 1 country in terms of manufacturing competitiveness, its position is "under pressure" as a result of rising labor and transportation costs and lagging productivity growth. The United States, meanwhile, which has lost nearly 7.5 million industrial jobs since employment in the sector peaked in 1979 as manufacturers shipped production to low-cost countries, is now No. 2 in terms of overall competitiveness, BCG said.


Asian stocks mixed on US earnings, goods orders

BEIJING (AP) — Asian stocks were mixed Friday after solid earnings for Apple and Caterpillar and better U.S. durable goods orders.

Michael Dell to sell gardening firm ValleyCrest to KKR unit: FT

Dell, chief executive of Dell Inc, delivers his keynote speech at the All Things Oracle OpenWorld Summit in San Francisco, California (Reuters) - Dell Inc Chief Executive Michael Dell is likely to sell his corporate gardening company ValleyCrest to KKR & Co LP's Brickman unit, the Financial Times reported. ValleyCrest, owned by Dell's family investment office MSD Capital, is expected to fetch about $1 billion and talks for a deal are understood to be advanced, the daily said. (http://r.reuters.com/beq78v) The deal will allow KKR to merge Brickman, bought for $1.6 billion last November, with ValleyCrest to create United States' largest horticultural management business, the report said. ...


Mandalay Bay expo center getting $66M expansion

This image provided by MGM Resorts International shows a 2012 exterior view of Mandalay Bay resort in Las Vegas. The Mandalay Bay resort in Las Vegas announced Thursday April 24, 2014, a $66 million expansion project that will boost its convention center from the seventh-largest to the fifth-largest in the United States. (AP Photo/ MGM Resorts International) LAS VEGAS (AP) — The Mandalay Bay resort in Las Vegas announced a $66 million expansion project that will boost its convention center from the seventh-largest to the fifth-largest in the United States.


Asian shares, dollar struggle on Ukraine anxiety

Man looks at an electronic board displaying Japan's Nikkei average and various countries' stock indices outside a brokerage in Tokyo By Lisa Twaronite TOKYO (Reuters) - Asian stocks struggled on Friday, as fears of an escalating Ukraine crisis eclipsed upbeat U.S. economic data and robust U.S. tech shares. U.S. Secretary of State John Kerry said on Thursday that time was running out for Moscow to change its course in Ukraine. MSCI's broadest index of Asia-Pacific shares outside Japan erased early modest gains and fell 0.3 percent. Japan's Nikkei stock average took an opposite track and added 0.5 percent in choppy trade, after opening solidly lower amid disappointment over a failed attempt to reach a U.S.-Japan trade pact.


Exclusive: JetBlue flight attendants seek to hold unionization vote

JetBlue Airways logo is displayed on a monitor in Terminal 5 at JFK International Airport in New York By Alwyn Scott NEW YORK (Reuters) - Flight attendants at JetBlue Airways are pushing for a vote on whether to unionize, marking a second organizing effort at the formerly non-union airline after pilots authorized joining a union on Tuesday. The flight attendants are working with the Transport Workers Union of America (TWU) to sign authorization cards that would let them hold an election under national labor rules, the TWU told Reuters. "We're getting them in very quickly," Thom McDaniel, a TWU International vice president, said of the cards.


Protestors ask Walmart for more aid on anniversary of Bangladesh factory collapse

A year after Bangladesh’s Rana Plaza factory complex collapsed, killing more than 1,100 workers and injuring more than 2,000 in the worst disaster in the history of the garment industry, protesters gathered Thursday outside the Walmart Neighborhood Market in Lakeview to demand the world’s largest retailer commit more money to helping the survivors and victims’ families.

United loses money; other airlines post 1Q profits

FILE - In this Friday, Oct. 14, 2011 photo, an American Airlines Boeing 767 takes off from Miami International Airport, in Miami. American Airlines Group Inc. releases quarterly financial results before the market opens on Thursday, April 24, 2014. (AP Photo/Wilfredo Lee, File) DALLAS (AP) — Even with the turbulence of severe winter storms and stubbornly high fuel prices, many of the major airlines are cruising and their stock prices are soaring.


6 Lessons Beyoncé Teaches Us About the Entrepreneurial Mindset

6 Lessons Beyoncé Teaches Us About the Entrepreneurial Mindset Beyoncé recently spoke to OUT magazine about the traits she focused on in developing her latest album. Interestingly, as a professor of entrepreneurship, I can use these same six traits -- discipline, patience, control, truth, risk, and effortlessness -- to teach about the entrepreneurial mindset.


Insight: Push for tax-avoidance curbs in G-20 threatens Publicis-Omnicom deal

Publicis Chief executive Levy and Omnicom Group head Wren react during a joint news conference in Paris By Tom Bergin and Pamela Barbaglia LONDON (Reuters) - International pressure to curb corporate tax avoidance is behind delays to a $35 billion merger of French advertising group Publicis and U.S. rival Omnicom, and could even scupper the deal, tax advisers and sources close to the deal said. Last July, Paris-based Publicis and New York-headquartered Omnicom announced plans to create the world's biggest advertising group. The new company would be registered in the Netherlands and tax resident in the UK. However, on Wednesday Omnicom Chief Executive John Wren said the Dutch and British tax authorities had, "unexpectedly" so far failed to approve the arrangements, which Omnicom said last year would save $80 million a year in taxes.


Microsoft beats Wall Street on new CEO debut

The Microsoft logo is seen at their offices in Bucharest By Bill Rigby SEATTLE (Reuters) - Microsoft Corp's new chief executive got off to a winning start with Wall Street on Thursday as the world's largest software company eased past analysts' profit estimates despite the pressure of falling computer sales. Microsoft shares are up about 8 percent since company veteran Satya Nadella took over as CEO in early February, and are up 19 percent since his predecessor Steve Ballmer announced plans to retire last August, easily outpacing the Standard & Poor's 500 . Investors are excited about Nadella's focus on mobile and cloud, or Internet-based, computing, designed to take Microsoft beyond its traditional PC-based Windows business. "This quarter is a nice step in the right direction for Nadella and Microsoft," said Daniel Ives, an analyst at FBR Capital Markets.


Amazon's revenue increases even as spending rises

A parcel moves on the conveyor belt at Amazon's logistics centre in Graben By Deepa Seetharaman SAN FRANCISCO (Reuters) - Amazon.com Inc's revenue grew more than expected for the first quarter, largely offset by a sharp increase in spending on technology, content and new warehouses as the e-commerce company branches into new businesses. Amazon's international unit, which accounts for 40 percent of sales, continued to be a drag as sales growth slowed to 18 percent during the quarter. Global unit sales, a closely watched measure of how many items Amazon has sold, also decelerated, rising only 23 percent. "A lot of the things that we've done - making sure that we have the right pricing in place on behalf of the customers, making sure that our service levels are where we need them to be - those are the things we continue to work on in China," Chief Financial Officer Tom Szkutak said during a conference call.


Cloud strength helps Microsoft earnings top Street

FILE - In this April 2, 2014 file photo, Microsoft CEO Satya Nadella gestures during the keynote address of the Build Conference in San Francisco. Microsoft reports quarterly earnings on Thursday, April 24, 2014. (AP Photo/Eric Risberg, File) LOS ANGELES (AP) — Results from Microsoft's first quarterly earnings release under new CEO Satya Nadella offered fresh justification for his focus on cloud computing.


What Emerging Market Start-ups Need Most Is Mentorship

What Emerging Market Start-ups Need Most Is Mentorship The entrepreneurs complain about the slow flow of investment capital. The investors complain about the lack of good deals. Both groups are right. While there is plenty of money out there, early stage investment in emerging market companies is sluggish at best. Here is where the paradox can be explained.


Blood in Gourd Didn't Belong to Louis XVI, New DNA Study Finds

Blood in Gourd Didn't Belong to Louis XVI, New DNA Study Finds New genetic evidence casts further doubt on the authenticity of a grisly French relic: a gourd long believed to be stained with the blood of Louis XVI. Scientists sequenced the genome from dried blood inside the 200-year-old gourd and found that it didn't match with the DNA signatures of the king's ancestry, nor did it seem to carry the code for Louis XVI's celebrated traits, like his imposing height and blue eyes. Deposed during the French Revolution, Louis XVI was executed by guillotine in January 1793, months before his wife, Marie Antoinette, fell victim to the Reign of Terror, too. Last year, a group of scientists compared the DNA signatures from blood found in the gourd with the DNA of three modern male relatives of Louis XVI from different branches of the Bourbon line.


Improving Communication for Your Business Through Technology

Improving Communication for Your Business Through Technology When you outline the biggest challenges facing your business today, having the right technology for communications is probably not the top item on your list. But along with making sure you have an effective communication style (more on that in this earlier post), choosing the right technology really should be a top priority. An organization that does not effectively communicate -- to its customers, prospects, employees, partners and vendors -- will likely not survive. ...


Utah sperm swap 'unacceptable' but still unexplained -university docs

A University of Utah committee investigating reports that a Salt Lake City fertility clinic worker artificially inseminated a patient with his own sperm called the action "unacceptable" on Thursday, but said it could not determine whether the switch was intentional. Practices at two now-closed Salt Lake-area clinics came into question last year when Pamela Branum, who was artificially inseminated at Reproductive Medical Technologies Inc, claimed genetic testing revealed that, instead of her husband, a lab technician had fathered their daughter in the early 1990s. The technician, Tom Lippert, has since died. He was also a registered sperm donor at the clinics and frequently supplied samples.

Ronald McDonald's 'Fresh' New Makeover Is Straight Out Of 1998

Ronald McDonald's 'Fresh' New Makeover Is Straight Out Of 1998 The Ronald McDonald of the Internet age is here -- and he's wearing cargo pants. McDonald's unveiled a new look for the famous clown on Wednesday while announcing a new role the character will play in the brand's social media channels around the world. Though Ronald's oversized clown shoes and red hair remain, the fast food giant gave the 51-year-old character a normcore makeover -- or makeunder. His not-quite-on-trend trappings include cargo pants, a vest and a rugby shirt.


Rexford Industrial Sets Date for First Quarter 2014 Earnings Release and Conference Call

Rexford Industrial Realty, Inc. , a real estate investment trust that specializes in owning and operating industrial properties located in Southern California infill markets, today announced that the Company will release first quarter 2014 financial results after the market closes on May 12, 2014.

Pet Bearded Dragons Linked to Salmonella Outbreak in US

Pet Bearded Dragons Linked to Salmonella Outbreak in US A salmonella outbreak that has so far sickened 132 people in 31 states over the last two years has now been traced to a source — pet lizards called bearded dragons, according to the Centers for Disease Control and Prevention. The bearded dragons were purchased from multiple stores in different states, the CDC researchers said today (April 24). The CDC is continuing to watch for other cases that may be part of this outbreak. Bearded dragons are popular pet lizards.


The First Thing You Should Do After a Job Rejection

The First Thing You Should Do After a Job Rejection Rats! You've received the dreaded "thank you for your interest but..." letter, and you really thought you were going to get that job. Maybe you were the number 2 or number 3 candidate. What now? Move on to the next opportunity, right? Of course. But first...


GM says facing multiple probes into recent recalls

File photo of General Motors logo outside its headquarters at the Renaissance Center in Detroit By Sarah N. Lynch WASHINGTON (Reuters) - General Motors revealed on Thursday it is the subject of five different government probes related to its massive recalls, including two previously unreported investigations by the U.S. Securities and Exchange Commission and a state prosecutor. GM disclosed the probes in a regulatory filing after reporting earlier in the day that first-quarter profit tumbled 88 percent due to the recall. The five government investigations are from the U.S. Attorney's Office for the Southern District of New York, the SEC, the National Highway Traffic Safety Administration (NHTSA), a state attorney general, and Congress. GM did not specify which state attorney general is involved.


Made in America: Burt's Bees... and Corporate America

Made in America: Burt's Bees... and Corporate America There was something nice about these hippie companies (or what's left of true hippies) with its environmental bent and values that they took a stand for. It's sad for us consumers out there when they fold into Corporate America. Especially since America is about freedom and freedom of choice.


Stocks close mostly higher on earnings; Apple up

Tripp Mancuso, 4, works with his trader father Peter Mancuso on the floor of the New York Stock Exchange, during the NYSE Working Parents/Caregivers Employee Resource Group's annual Take Your Child to Work Day program, Thursday, April 24, 2014. Mixed earnings from a large number of U.S. companies left the stock market without direction early Thursday, despite positive results from a handful of names including Apple and Caterpillar. (AP Photo/Richard Drew) NEW YORK (AP) — The stock market closed mostly higher Thursday, helped by positive earnings out of several large U.S. companies including Apple and construction equipment maker Caterpillar.


Manufacturers see better times for economy, jobs

FILE - In this Monday, Sept. 10, 2012 file photo a General Electric logo is seen on a kitchen stove at a Lowe's store in Framingham, Mass. Industrial companies such as General Electric, Honeywell and Caterpillar, which make expensive equipment that other companies need to buy in order to grow, have been posting strong results in recent weeks and telling investors that orders are strong. (AP Photo/Steven Senne, File) NEW YORK (AP) — Companies are finally starting to spend some of the cash they've been sitting on, and that could mean a stronger economy and more jobs are on the way.


US proposes pay-for-priority Internet standards

LOS ANGELES (AP) — The nation's top telecoms regulator is proposing to allow a pay-for-priority fast lane on the Internet for movies, music and other services to get to people's homes.

FDA eases into regulating e-cigarettes

Daryl Cura demonstrates an e-cigarette at Vape store in Chicago, Wednesday, April 23, 2014. The federal government wants to ban sales of electronic cigarettes to minors and require approval for new products and health warning labels under regulations being proposed by the Food and Drug Administration. (AP Photo/Nam Y. Huh) WASHINGTON (AP) — The federal government's move to regulate e-cigarettes is a leap into the unknown.


Southwest Shares

Southwest Shares Southwest Airlines remains one of the most remarkable success stories in American business over the past quarter century. After its first year as a start-up, Southwest has been profitable for 39 consecutive years. It has consistently ranked high in Fortune Magazine's "100 Best Companies to Work For in America. ...


Ancient flying reptile from China fills evolutionary gap

Illustration of fragmentary remains of Kryptodrakon progenitor found in China The newly identified Jurassic period creature, a species named Kryptodrakon progenitor that was unearthed in the Gobi desert in northwestern China, was modest in size, with a wingspan of perhaps 4-1/2 feet. But later members of its branch of the flying reptiles known as pterosaurs were truly colossal, including Quetzalcoatlus, whose wingspan of about 35 feet was roughly the same as that of an F-16 fighter. Roughly 220 million years ago, pterosaurs became the first flying vertebrates to appear on Earth, with birds - first appearing about 150 million years ago - and bats - appearing about 50 million years ago - coming much later. Pterosaurs arose during the Triassic period not long after their cousins, the dinosaurs, also made their debut.


Very Last Minute Tax Tips for Small Businesses

Very Last Minute Tax Tips for Small Businesses So to help get you through what's probably one of your least favorite times of the year, here's my top five very last minute tax tips to help you see the light and get you back to business as usual.


Apple, Google agree to settle lawsuit alleging hiring conspiracy

The Apple logo is pictured at a retail store in the Marina neighborhood in San Francisco By Dan Levine SAN FRANCISCO (Reuters) - Four major tech companies including Apple and Google have agreed to settle a lawsuit accusing them of conspiring to hold down salaries in Silicon Valley, just weeks before a high profile trial had been scheduled to begin. The settlement was disclosed in a court filing on Thursday, which did not spell out terms. The case has been closely watched due to the potentially high damages award and a steady disclosure of emails in which Apple's late co-founder Steve Jobs, former Google CEO Eric Schmidt and some of their Silicon Valley rivals hatched plans to avoid poaching each other's prized engineers. Tech workers filed a class action lawsuit against Apple Inc, Google Inc, Intel Inc and Adobe Systems Inc in 2011, alleging they conspired to refrain from soliciting one another's employees in order to avert a salary war.


Apple buoys Nasdaq; Ukraine weighs on broader market

Traders work on the floor of the New York Stock Exchange By Chuck Mikolajczak NEW YORK (Reuters) - The Nasdaq rose modestly in a choppy session on Thursday, lifted by a rally in Apple shares a day after the iPad maker's strong results, though tensions in Ukraine held the broader market in check. Shares of Apple Inc , the most valuable U.S. company by market capitalization, jumped 8.2 percent to $567.77, the biggest gain since August, a day after the company posted revenue that far outpaced expectations. Apple also approved another $30 billion stock-buyback plan, raised its dividend and authorized a seven-for-one stock split. The three major U.S. stock indexes had opened sharply higher, with the Nasdaq initially climbing more than 1 percent before turning negative in the first half-hour of trading.


Jamie Oliver - Behind the Brand

Jamie Oliver - Behind the Brand Jamie Oliver is making an impact beyond what most TV celebrities do, from helping reform legislation removing unhealthy ingredients in fast food to community outreach at the local level by helping elementary schools rethink their lunch menus.


Three Reasons to Steal, Not Copy: Here's How and Why

Three Reasons to Steal, Not Copy: Here's How and Why I'm a true believer that nothing is really new in the world; it's just a constant rehash of old or existing ideas. What's new is how those old ideas are put together, mixed, mashed and clashed, and that is what makes things entirely new and special.


'Losing the Dark': Video Illuminates Threat of Light Pollution

'Losing the Dark': Video Illuminates Threat of Light Pollution A short video seeks to stem the rising tide of light pollution, which is robbing Earth of its dark night skies. Light pollution doesn't just make it more difficult for professional and backyard astronomers to observe the heavens, according to the 6.5-minute film, which is called "Losing the Dark." The loss of darkness also disrupts wildlife, wastes resources and adversely impacts human health. "Exposure to light at night disrupts the circadian rhythms that regulate our sleep cycles," narrator Carolyn Collins Petersen says in the video, which was created by the International Dark Sky Association in collaboration with Loch Ness Productions as a public service announcement. But we are not powerless in the face of ever-encroaching light pollution, the video asserts.


Venus and the Moon Shine Together at Dawn This Week: Where to Look

Venus and the Moon Shine Together at Dawn This Week: Where to Look If your skies are clear before dawn on Friday and Saturday  (April 25 and 26), check out the sky low to the east-southeast horizon about 60 to 90 minutes before sunrise for a view of the two brightest objects in the nighttime sky: the moon and the dazzling planet Venus.  This "dynamic duo" will make for an eye-catching array in the brightening dawn twilight. Early Friday morning, you will see a lovely crescent moon, about 17 percent illuminated, situated well above and to the right of Venus. They will be widely separated (by about 6 to 7 degrees), but their great brightness will still make them quite attractive. Of course, the moon is about 380 times closer to Earth than Venus, and as such appears to move against the background stars much more quickly than Venus. The moon will pass closest to Venus at 5 p.m. ET tomorrow afternoon at a distance of just over 4 degrees — but of course at that hour it's daytime. [Amazing Night Sky Photos by Stargazers (April 2014)]


Forget PowerPoint: Improv Is the New (Old) Way to Sell

Forget PowerPoint: Improv Is the New (Old) Way to Sell Ditch your pitch in favor of a persuasive conversation. Engage your customers in the process by asking good questions, questions that will have them coming up with the answers themselves and lead them to their own conclusions, no convincing required.


Central Asian Hydroelectric Water Wars Heat Up

Central Asian Hydroelectric Water Wars Heat Up Given the discrepancies between downstream Uzbekistan, Kazakhstan and Turkmenistan's agrarian needs and upstream Kyrgyzstan and Tajikistan's dreams of hydroelectric prosperity and export sales, tensions can only increase.


Is It the Search or the Search Result?

Is It the Search or the Search Result? Is content king? Or is it the delivery system? That's a question that a Guardian media columnist asked. He uses the widely publicized release of Beyoncé's latest album, back in December, as an example.


GM profit sinks; CEO sees no recall hit to sales

FILE - This April 1, 2014 file photo shows the ignition switch of a 2005 Chevrolet Cobalt in Alexandria, Va. General Motors reports quarterly earnings on Thursday, April 24, 2014. (AP Photo/Molly Riley) DETROIT (AP) — The cost of recalling nearly 7 million cars and trucks sank General Motors' first-quarter profit, but the company's CEO said the much-publicized recalls have yet to cut into sales.


Coral Species May Adapt to Warmer Waters (Video)

Coral reefs tend to be vulnerable to damage from warmer waters, but at least one coral species may be able to adapt to the higher ocean temperatures that may come with climate change. This shows that corals that live in warmer waters do develop a better ability than cooler-water corals to survive rising temperatures — a sign that corals can adapt over time to a changing environment, according to the researchers. "We found that [all] these coral colonies can adjust their physiology to become more heat-tolerant," said study author Stephen Palumbi, a professor at Stanford University. "They [corals] do even better after they adjust their physiology if they have the right genes, but even if they don't have the right genes, their physiological adjustment gets them a nice bump in heat tolerance," Palumbi told Live Science.

Industry Minister James Moore Champions Canada in Silicon Valley

Industry Canada

Scientists discover new rare genetic brain disorder

By Julie Steenhuysen CHICAGO (Reuters) - International teams of researchers using advanced gene sequencing technology have uncovered a single genetic mutation responsible for a rare brain disorder that may have stricken families in Turkey for some 400 years. The discovery of this genetic disorder, reported in two papers in the journal Cell, demonstrates the growing power of new tools to uncover the causes of diseases that previously stumped doctors. Besides bringing relief to affected families, who can now go through prenatal genetic testing in order to have children without the disorder, the discovery helps lend insight into more common neurodegenerative disorders, such as ALS, also known as Lou Gehrig's disease, the researchers said. The reports come from two independent teams of scientists, one led by researchers at Baylor College of Medicine and the Austrian Academy of Sciences, and the other by Yale University, the University of California, San Diego, and the Academic Medical Center in the Netherlands.

Study links California drought to global warming

WASHINGTON (AP) —     While researchers have sometimes connected weather extremes to man-made global warming, usually it's not done in real time. Now a study is asserting a link between climate change and both the intensifying California drought and the polar vortex blamed for a harsh winter that mercifully has just ended in many places.

To Fight Sleeping Sickness, Tsetse Fly Genome Decoded

To Fight Sleeping Sickness, Tsetse Fly Genome Decoded Scientists have sequenced the full genome of the tsetse fly, the blood-sucking pest that spreads deadly sleeping sickness in sub-Saharan Africa. "Our goal is to enhance the toolbox that will be available to scientists and communities who are under the pressure of dealing with this disease," lead researcher Serap Aksoy, an epidemiologist at Yale University, told Live Science. Sleeping sickness (also called nagana when it affects cattle) tends to come in epidemics, the last of which occurred during the 1990s, Aksoy said. A major goal, Aksoy said, was to bring together scientists from sub-Saharan Africa and train younger researchers to use the blueprint to fight the disease.


Altra Industrial Motion Corp. Announces Second Quarter 2014 Dividend

BRAINTREE, Mass. -- Altra Industrial Motion Corp. , a leading global supplier of electromechanical power transmission and motion control products, today announced that its Board of Directors has approved ...

With genome deciphered, experts aim to swat dreaded tsetse fly

By Will Dunham WASHINGTON (Reuters) - An international team of scientists has deciphered the genetic code of the tsetse fly, the bloodsucking insect that spreads deadly African sleeping sickness, with the hope that its biological secrets can be exploited to eradicate this malady. The findings announced on Thursday were the culmination of a multimillion dollar, decade-long effort involving more than 140 scientists from 78 research institutions in 18 countries. The fly's bite carries a parasitic microorganism that causes sleeping sickness in people in sub-Saharan Africa and a form of the disease in animals that can devastate livestock herds. Sequencing the tsetse fly's genome exposed the molecular underpinnings of its weird biology: it gives live birth to young rather than laying eggs like other insects;

Collateral Damage: The Effect of Card Fraud on Small Businesses, Customers And The Economy

Collateral Damage: The Effect of Card Fraud on Small Businesses, Customers And The Economy But wait, after the cards were/are compromised, the banks reissue you a new card, they let you dispute any bad transactions and the merchants may offer you a discount to keep you coming back. So, no harm, no foul, right? Not so fast ...


For Africa, Good Policies Bring Good Prospects

For Africa, Good Policies Bring Good Prospects The issue of rising fiscal imbalances is worth dwelling on. A number of economic observers have asked the question: Are countries heading back to the bad old days of rapid debt accumulation that may need to be forgiven down the line? Are these fears well grounded?


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