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The record level of debt being carried by American households and soaring home prices do not appear to represent serious threats to the U.S. economy, Federal Reserve Chairman Alan Greenspan said Tuesday.Greenspan said that high levels of personal bankruptcies were a concern because they indicated pockets of distress among American households. But he said the vast majority of U.S. consumers appear able to calibrate their borrowing and spending to minimize financial difficulties. In a speech before America s
stanley cup Community Bankers, the organization that represents smaller banks in the country, Greenspan sought to play down worries about the high debt levels being carried by American households as a percentage of their after-tax incomes and the steep increases in home prices in recent years.Some economists have expressed concerns that the big rise in home prices could represent a bubble that may deflate just as the stock market bubble did starting in the spring of 2000.Greenspan, however, said it was unlikely that either the high level of household debt or the big rise in housing prices represented serious threats to the economy because Americans appeared to have sufficient resources to keep
stanley quencher meeting their loan payments. Short of a significant fall in overall household income or in home prices, debt servicing is unlikely to become destabilizing, Greenspan said.Greenspan s
stanley italia aid that it would take a large, and historically most unusual decline in home prices to wipe out the Tncy Nation s Food Banks On Brink Of Crisis
Your father may have taken you camping, or driven you to cello practice, or taught you all the lyrics to Jefferson Starship songs. But chances are he didn ;t go the lengths Laurent Aigon. Over the last five years, at great expensive and after muc
stanley mug h effort, he built a 737 cockpit so life-like, it been used as a training simulator. Aigon is not a pilot by trade; he a waiter who always wanted to be a pilot. And since 40 is a little late in life to start that process from scratch, he did the next best thing: Methodically order parts from the internet, at a cost tallying thousands of euros, until he had assembled a control panel and screen that functions precisely the way the real thing would. He didn ;t stop there; by attaching five networked monitors to his set-up, he made it possible to simulate journeys to destinations as far-flung as Sydney and Rio de Janeiro. His copilots, presumably, sleep in the bunkbeds to his right. As Sudouest via Google translate reports, Aigon work
vaso stanley received plenty of notice outside his home; he was invited to lecture at the Institute of Aircraft Maintenance at Bordeaux-Merignac, which also used his simulator to train its students. What next for Aigon He hoping to complete the five-year certification process required to make a career out of bu
stanley cups ilding flight simulators. Meanwhile, let hope he passes the time by turning his gaze upward a little bit; if his kids enjoy the 737, just im
