A great disaster has been averted!
The foreign debt is in Euros.
Yes, yes it is. And that's why Greece is f*'d. Entering into a currency union with a bunch of other nations that have very different economies and politics was a really stupid idea.
Also, government bonds are usually denominated in the country's currency. That means you can always run the printing presses to pay off your foreign debt (something people often forget when discussing US government debt).
That doesn't really help. If they print more than they produce, the currency will drop in value.
That's the whole point. Devaluing the currency means everyone in the country takes a pay cut, at least with respect to imports. but internal prices don't change (at least not immediately). This has the effect of discouraging imports and encouraging exports. Taken to extremes it will mean hyperinflation and financial collapse but used judiciously it's a good economic tool.
That brings back memories, although we served the medical and legal community back when Maxtor 100MB drives were cutting edge. NLSNIPES was tons of fun.
Go read up on a little military aircraft history and learn how many *decades* remotely piloted target aircraft have been referred to as "drones".
When's the last time it was every six months?
Hint: It was probably sometime back when the release was two CDs, and not 6 CDs and 2 double-sided DVDs.
I am all for fair compensation, but am I truly frightened when U.S. workers make more in one hour than Mexican workers make in a day.
If jobs are to remain, our workforce must be far more productive than our global competition. We should be demanding more worker education, which would likely impact wages far more than legislative mandate. Simply making the workforce more expensive with no realistic improvements will only enlarge the class of the permanent unemployed.
Well, they had to fill the site with something once they got over their Bennett Haselton love-fest.
Yeah, kinda defeats the purpose. I've seen something dumber though - many years back, a friend of a friend tried to get rid of the ignition noise coming over the radio in his car by installing a filter cap across the battery terminals and then wondered why it didn't make any difference. Guy was an electronics tech in the Navy, for crying out loud.
And don't be stingy with decoupling caps.
It happens to me occasionally on my Win7 box at work, and sometimes requires firing up Process Explorer to find out who still has a lock on the file if the file had been closed a while back. Getting out of the editor is the only thing that releases the lock in those cases. It's happened in Word, Notepad++, and UltraEdit.