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The national debt level of a country is a measure of how much the government owes its creditors. Economists are generally divided on the question of how much debt is too much debt, both with respect to the ratio of debt to gross domestic product (GDP) as well as the total dollar amount of the debt. Some economists are concerned that excessive government debt levels can impact economic stability with broader implications for exchange rate stability, external trade, economic growth and unemployment.
The national debt level of a country is a measure of how much the government owes its creditors. Economists are generally divided on the question of how much debt is too much debt, both with respect to the ratio of debt to gross domestic product (GDP) as well as the total dollar amount of the debt. Some economists are concerned that excessive government debt levels can impact economic stability with broader implications for exchange rate stability, external trade, economic growth and unemployment.
There can probably be no more denying, at this point, that climate change is a real phenomenon. Extreme weather events globally have increased, fuelled by it. In 2021 alone, there were floods in west Germany; wildfires in Greece; winter storms in Texas; record-breaking heatwaves in Moscow; a dust storm, the worst in more than a decade, blanketed China with dust clouds towering 100 metres; tornadoes in Kentucky; typhoons in the Philippines; among so many others. All these events saw death and displacement in ways that had never been seen before.
By Fidelis Adele
Writing a tribute for brother is not easy. Ehis and I shared the same flat for over 16 years and there was never a dull moment. His sense of humor brought laughter to everybody around. His humility was exemplary, always ready give a helping hand.
The ancient Greek philosopher Epictetus said, “There is only one way to happiness, and that is to cease worrying about things which are beyond the power of our will.” Ehis lived this quote and I will try to live it.
St Vincent and the Grenadines (SVG) was elected to serve on the World Heritage Committee of UNESCO at the 42nd session of that Organisation’s General Conference on November 25.
In recognition of the 50th anniversary of its Yamacraw campus, and in celebration of a legacy of ethics and excellence, St Andrew’s International School (SAIS) planted a brazilwood tree purchased from Eleuthera to mark the occasion.
John Shiklam Shiklam
The Chairman of the Kaduna State Chapter of the Christian Association of Nigeria (CAN), Rev. Joseph Hayab, has asked civil servants in the state not to celebrate the recent introduction of four- day working week by the state government until they are convinced that there is no hidden agenda.
The House of Representatives Committee on Local Content on Wednesday commenced an investigation into allegations of marginalisation against Nigerians in the Nigerian National Petroleum Corporation’s shipping contract.
The committee is specifically looking into Nigeria’s coastal and bunkering vessel contract awarded by NNPC to UNIBROS shipping company, a Greece-based company.
Several questions were left unanswered in the House of Assembly yesterday, September 30 as Parliamentarians on the Opposition benches in the House refused to adhere to new COVID-19 protocols that have been implemented.
“There is nobody in this House safer than me. I came in here with a negative PCR test. Why you want me to go to a booth? I ain’t selling Lotto! ” Fitzgerald Bramble, Parliamentary Representative for East Kingstown said, as he protested against one of the new measures.