And so they had to cram the sign.

How many poets could cram eBay, Friendster and Monster.com into 3 minute poem worthy of a standing ovation? Enjoy Rives' unique talent.

The Gülen movement operates at least one quarter of these schools, which form a key component of the movement s multi billion dollar education network and help it recruit new members. The movement s members thus viewed the debate over cram schools as a direct challenge to their influence.

Although Gülen followers have disagreed with several of the government s policies, they largely backed the AKP in the last three elections. What drove them to reject the party completely was a policy debate on restructuring cram schools expensive private institutions that prepare high school seniors for their university entrance examinations.

But this implies a key problem Whereas a bankruptcy court can force holdout creditors to accept the exchange offer as long as a significant majority of creditors have already done so (a so called cram down ), the market based approach allows some creditors to continue to hold out and sue to be paid in full.

Moreover, the proposal had nothing to do with the Gülen movement the government was responding to citizens complaints about having to pay extravagant fees to prepare their children for free public universities. And the Gülen movement was not exactly caught off guard cram school representatives had been engaged in a dialogue with education ministry officials for some time.

Although governments may try to cram public debt down the throats of local savers (by using, for example, their rising influence over banks to force them to hold a disproportionate quantity of government paper), they will eventually find themselves having to pay much higher interest rates as well. Within a couple years, interest rates on long term US Treasury notes could easily rise 3 4 , with interest rates on other governments paper rising as much, or more.