A CRE inspired term; AI states:
Therefore, “kudo lane” likely refers to a system or process for giving and receiving recognition and praise, possibly inspired by the concept of a Kudoboard or the broader idea of “kudos” as a means of showing appreciation. It might be a designated area or mechanism within a company where employees can publicly acknowledge and celebrate each other’s accomplishments.
The Federal Reserve Board should have a far greater role than stabilizing the drift in a sinking ship. The United States journey to bankruptcy need not be taken as an end all event. Not to worry, the United States will merely be duplicating the experience of the Romans, Germans and Russians.
Instead the FRB should be tasked with the responsibility of assessing the strengths and weaknesses of Debt Restructuring. Debt Restructuring is a mechanism where there is a simultaneous examination of all creditors and reductions are made to maintain the economic presence of the debtor. Debt Restructuring is used in the private sector in the US and in the public sector (governmental agencies) abroad. That said, Debt Restructuring, as defined herein, is much broader than that used in the financial sector in that it borrows mechanisms from a range of disciplines including administrative law and welfare economics.
The Federal Reserve Board should have a far greater role than stabilizing the drift in a sinking ship. The United States journey to bankruptcy need not be taken as an end all event. Not to worry, the United States will merely be duplicating the experience of the Romans, Germans and Russians.
Debt restructuring can have a complex relationship with inequality. While it’s often seen as a tool to alleviate financial burdens on struggling nations and potentially increase social spending, it can also exacerbate inequality if not handled carefully. Some studies suggest that debt restructurings can lead to reduced social spending and lower taxes in the long run, potentially harming vulnerable populations and increasing income inequality. However, a rights-based approach to debt restructuring, focused on human rights and social investments, could mitigate these negative impacts and promote greater equity, according to the Center for Economic and Social Rights.
The Federal Reserve Board should have a far greater role than stabilizing the drift in a sinking ship. The United States journey to bankruptcy need not be taken as an end all event.
Instead the FRB should be tasked with the responsibility of assessing the strengths and weaknesses of Debt Restructuring. Debt Restructuring is a mechanism where there is a simultaneous examination of all creditors and reductions are made to maintain the economic presence of the debtor. Debt Restructuring is used in the private sector in the US and in the public sector (governmental agencies) abroad. That said, Debt Restructuring, as defined herein, is much broader than that used in the financial sector in that it borrows mechanisms from a range of disciplines including administrative law and welfare economics.
The following post was written by one of CRE followers:
The problem with “Debt Restructuring” is that it requires pain. Any effort to correct this problem will require significant economic pain. Americans refuse to accept economic pain, and they will vote out any politician that brings them pain, even if poses well meaning pain aimed at eliminating the massive deficit and Fed balance sheet. This makes getting our fiscal house in order a political non-starter in Congress, where the action must take place. No cuts to Social Security or Medicare for these people. Most Americans would rather kick the can down the road, collect their government checks, and let future generations deal with their mess.
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