Japan’s sovereign credit rating was downgraded by Standard & Poor’s in January. The rating agency lowered Japan to “AA-,” citing Tokyo’s lack of a coherent strategy for dealing with its soaring debt, which now stands at 200% of GDP.
For perspective consider that the American federal debt, which is high enough to prompt a government-paralyzing standoff between Congress and the White House, is less than half of that percentage. Yes, Japan owes a lot of money, and the bond ratings agencies are finally starting to question whether it will be repaid.
Golden State Joe: California Makes A Play For Coffee's Future...............
Jay Ruskey grows coffee next to avocados on his farm, Good Land Organics, in Goleta, Calif. The two crops are often grown together in Central America,...
Ferran Adria And Fellow Star Chefs Talk Biodiversity In Brazil::::::::::::::::::::::::::::::::
Culinary superstars gathered in the Brazilian city of Sao Paulo this month at an event organized by the Basque Culinary Center. But they weren't there...
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Historical Story for Fishs:::::::::///////////////////
Lust, Lies And Empire: The Fishy Tale Behind Eating Fish On Friday
It sounds like the plot of a Dan Brown thriller: A powerful medieval pope makes a secret pact to prop up the fishing industry that...
Japan’s sovereign credit rating was downgraded by Standard & Poor’s in January. The rating agency lowered Japan to “AA-,” citing Tokyo’s lack of a coherent strategy for dealing with its soaring debt, which now stands at 200% of GDP.
For perspective consider that the American federal debt, which is high enough to prompt a government-paralyzing standoff between Congress and the White House, is less than half of that percentage. Yes, Japan owes a lot of money, and the bond ratings agencies are finally starting to question whether it will be repaid.