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and Martin Fackler and "A Path Is Sought for States To Escape Debt
Burdens" by Mary Williams Walsh. The articles are global political and
also relevant to me, New York has a relatively high debt along with
growing concern lately of the conflict between the two Koreas. The
increasing tension between America, China and North and South Korea
countries that were once isolated from each other are no longer
isolated. North Korea has always been a hot button issue for the two
California, Illinois, and New York as just a few in a list of many states
that are looking at high debts. Because of their sovereign status, states
cannot seek help in federal bankruptcy court like cities. The article
writes about how something must be done to relieve the debt upon
Guide. Just as General Motor's and AIG's failure and bailout showed to
the world just how connected we are were as ripple effects hit other
countries and their economy, the rising debt of states shows and will
continue to show how connected the world is. Though the states are
within America, the effects of their debt will be long reaching. Just like
General Motor's and AIG's failure affected the other countries, so will