{"id":1619077,"date":"2022-08-22T13:53:30","date_gmt":"2022-08-22T17:53:30","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1619077"},"modified":"2022-08-22T13:53:41","modified_gmt":"2022-08-22T17:53:41","slug":"economist-zombie-companies-may-pose-systemic-risk","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/economist-zombie-companies-may-pose-systemic-risk\/","title":{"rendered":"Economist: \u2018Zombie companies\u2019 may pose systemic risk"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Feconomist-zombie-companies-may-pose-systemic-risk%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1619077&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2740279\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-2740279\" class=\"size-full wp-image-2740279\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/GettyImages-688061-scaled.jpg\" alt=\"398770 02: The Carnival Corp. cruise ship Fascination sets sail December 17, 2001 in Miami, Florida. Setting the stage for a battle of the cruise-ship giants, P&amp;O Princess Cruises PLC rejected on December 16, 2001 a 3.2 billion pound ($4.61 billion or 5.16 billion euro) hostile takeover offer from Carnival Corp. and reaffirmed its merger plans with Royal Caribbean Cruise Lines Ltd. (Photo by Joe Raedle\/Getty Images)\" width=\"2560\" height=\"1707\" \/><\/p>\n<p id=\"caption-attachment-2740279\" class=\"wp-caption-text\">398770 02: The Carnival Corp. cruise ship Fascination sets sail December 17, 2001 in Miami, Florida. (Photo by Joe Raedle\/Getty Images)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>UPDATED 10:55 AM PT \u2013 Monday, August 22, 2022<\/h5>\n<p><span>Managing director of the Institute of International Finance, Sonja Gibbs, warned of rising risks posed by so-called \u2018zombie companies\u2019 to the US economy.\u00a0<\/span><\/p>\n[embedded content]\n<p><span>During an interview on Sunday, Gibbs said that many companies accumulated unsustainable levels of debt over the past decade due to ultra-low interest rates. As a result, these companies need a bailout or more loans in order to continue to operate. Gibbs said that some of these \u2018zombie companies\u2019 need to be kept afloat because their failure would pose a systemic risk.<\/span><\/p>\n<blockquote>\n<p><strong>\u201cAmongst the list of zobidie companies you might find a company like Wework. You know, a company that has been very successful, but at the same time the pandemic has changed a lot of things for that company,\u201d said Gibbs. \u201cCarnival Cruise Lines is another good example of a type of company who\u2019s now in the zombie category or some of the meme stock, you know AMC or GameStop. So these are really household names.\u201d<\/strong><\/p>\n<\/blockquote>\n<p><span>Gibbs went on to say that rising wages and input costs, amid inflation, could make these companies unable to borrow more money and which would result in a collapse.\u00a0<\/span><\/p>\n<h4>MORE NEWS: <a href=\"https:\/\/www.oann.com\/desantis-touts-his-record-stumps-for-j-d-vance-in-ohio\/\">DeSantis Touts His Record, Stumps For J.D. Vance In Ohio<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>398770 02: The Carnival Corp. cruise ship Fascination sets sail December 17, 2001 in Miami, Florida. (Photo by Joe Raedle\/Getty Images) OAN NewsroomUPDATED 10:55 AM PT \u2013 Monday, August 22, 2022 Managing director of the Institute of International Finance, Sonja Gibbs, warned of rising risks posed by so-called \u2018zombie companies\u2019 to the US economy.\u00a0 [embedded &hellip;<\/p>\n","protected":false},"author":1209,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1619077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1619077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1209"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1619077"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1619077\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1619077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1619077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1619077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}