Countries don't go out of business....The infrastructure doesn't go away, the productivity of the people doesn't go away, the natural resources don’t go away. And so their assets always exceed their liabilities, which is the technical reason for bankruptcy. And that's very different from a company.
The country has large unfunded liabilities - social security, health care, and there will have to be some adjustments to these problems. What is scary though is how much worse things have gotten in the last eight years, and the Iraq war is one of the main factors.
And all the women are feminine, so we never get to see masculine presenting women and we never get to frame that as beautiful, which it is, and that's incredibly frustrating, so for every gain or benefit that the internet offers there is a liability.
The worst loophole is what Donald Trump has talked about: the tax deductibility of interest. If you let real estate owners or corporate raiders borrow the money to buy a property or company, and then pay interest to the bondholders, you'll load the company you take over with debt. But you don't have to pay taxes on the profits that you pay out in this way. You can deduct the interest from your tax liability.
Though it's hard to be completely certain about things like this, I have a suspicion that only someone with deep freedom (one who makes decisions for reasons that are his own) and who's also a moral being (can experience goodness) can have a meaningful friendship with God. If friendship with God and sharing in His happiness are good things (and it seems they are), then making a creature who could enjoy these things is also a good thing, even if it comes with a liability. There's a risk.
If Putin likes Donald Trump, I consider that an asset, not a liability, because we have a horrible relationship with Russia.
I'm always working on something. Addiction never gets any credit, always talked about as a total liability, and I'll admit that most of its traits aren't positive in our lives. But there's one amazing thing it gave me: a tireless work ethic.
Walking over to Iggy, he poked him with his shoe. "Does anysing on you vork properly?" Iggy rubbed his forehead with one hand. "Well, I have a highly developed sense of irony." Ter Borcht tsked. "You are a liability to your group. I assume you alvays hold onto someone's shirt, yes? Following dem closely?" "Only when I'm trying to steal their dessert," Iggy said truthfully.
So you see that the process of education, taken in a large way, may be described as nothing but the process of acquiring ideas or conceptions, the best educated mind being the mind which has the largest stock of them, ready to meet the largest possible variety of the emergencies of life. The lack of education means only the failure to have acquired them, and the consequent liability to be 'floored' and 'rattled' in the vicissitudes of experience.
America is no place for an artist: to be an artist is to be a moral leper, an economic misfit, a social liability. A corn-fed hog enjoys a better life than a creative writer, painter or musician. To be a rabbit is better still.
In a world without love, this is what people are to each other: values, benefits, and liabilities, numbers and data. We weigh, we quantify, we measure, and the soul is ground to dust.
I find so many people struggling, often working harder, simply because they cling to old ideas. They want things to be the way they were; they resist change. I know people who are losing their jobs or their houses, and they blame technology or the economy or their boss. Sadly they fail to realize that they might be the problem. Old ideas are their biggest liability. It is a liability simply because they fail to realize that while that idea or way of doing something was an asset yesterday, yesterday is gone.
Raising the traditional and early retirement ages will mean extending workers' taxable earning years, fueling economic growth and putting a dent in our unfunded-liabilities crisis by delaying payouts.
Now is not the time to give greater protections to pharmaceutical companies that put unsafe drugs like Vioxx on the market. Such protections have nothing to do with the liability insurance crisis facing doctors and should be stripped from this bill.
The corporation is one of the great unheralded human inventions of destruction. It is a way to absolve from any personal liability a bunch of people. They form together in a massive ID and they do whatever they want.
The fraudster's greatest liability is the certainty that the fraud is too clever to be detected.
I think they need to remove the general. He is unfit for the position he is being called upon to serve, precisely because he's become a liability. He's become a weapon our enemies will use against us.
It ends a 40-year ban on exporting U.S. oil. It's changed - it's included in its cyber-security legislation - that says to private companies, hey, if you share with us your data on your cyber-attacks, your potential cyber-attacks, we'll give you liability protection. And they authorized a health care program for 9/11 responders for 75 years to cover the length of their lifespans.
I have yet to get sued. My father thinks I should get liability insurance.
The actor has the advantage - or the liability - of knowing, "It's going to be my face up there on the frickin' screen, so I better keep my wits about me. Nobody's going to care that I was bad because I was not happy. They're only going to know I'm bad."
For Germany, Poland is now a more important trade partner than Russia. With respect to history, our peoples will require more time for the wounds to heal. But it is also important to stick to the truth in accounting for the past. This is not compatible with, for instance, TV movies such as "Our mothers, our fathers" that try to partly shift the liability for Nazi crimes to us Poles.
Most people don't know this, but if you settle a debt for less than the amount you owed, you are potentially responsible for taxes on the forgiven debt. Look at it this way: You received goods and services for the full amount of debt, but you're only paying for a portion of it - sometimes less than 50%. Anything more than $600 is generally considered taxable, but the IRS will sometimes waive the tax if you can prove that your assets were less than your liabilities when the debt was settled.
If you're a poor worker - this is for new workers coming into the workplace - your benefits will increase at the current rate of increase. If you're a wealthier worker, your benefits would increase at the rate of inflation. And those changes would affect positively the unfunded liabilities inherent in Social Security.
That's been lost. It's a huge problem. What you have is you have the major institutions of the world all wanting to deleverage. They want to take down their assets and liabilities. What seemed so easy to borrow against a year ago now looks like rat poison to them. So they're trying to deleverage. There is only one institution in the world that can leverage up in a way that's all a countervailing force to that, and that's the United States Treasury.
The world keeps moving, the world keeps turning, and people get older, and young people become older and more important and cooler and interesting, and actually staying the same becomes a liability, especially in the advertising industry.
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