paragraph_text: Behavior that may be optimal for an individual (e.g., saving more during adverse economic conditions) can be detrimental if too many individuals pursue the same behavior, as ultimately one person's consumption is another person's income. Too many consumers attempting to save (or pay down debt) simultaneously is called the paradox of thrift and can cause or deepen a recession. Economist Hyman Minsky also described a "paradox of deleveraging" as financial institutions that have too much leverage (debt relative to equity) cannot all de-leverage simultaneously without significant declines in the value of their assets.

paragraph_text: The European Central Bank had stepped up the buying of member nations debt. In response to the crisis of 2010, some proposals have surfaced for a collective European bond issue that would allow the central bank to purchase a European version of US Treasury bills. To make European sovereign debt assets more similar to a US Treasury, a collective guarantee of the member states' solvency would be necessary.[b] But the German government has resisted this proposal, and other analyses indicate that "the sickness of the euro" is due to the linkage between sovereign debt and failing national banking systems. If the European central bank were to deal directly with failing banking systems sovereign debt would not look as leveraged relative to national income in the financially weaker member states.

paragraph_text: Han-era astronomers adopted a geocentric model of the universe, theorizing that it was shaped like a sphere surrounding the earth in the center. They assumed that the Sun, Moon, and planets were spherical and not disc-shaped. They also thought that the illumination of the Moon and planets was caused by sunlight, that lunar eclipses occurred when the Earth obstructed sunlight falling onto the Moon, and that a solar eclipse occurred when the Moon obstructed sunlight from reaching the Earth. Although others disagreed with his model, Wang Chong accurately described the water cycle of the evaporation of water into clouds.

paragraph_text: Solar concentrating technologies such as parabolic dish, trough and Scheffler reflectors can provide process heat for commercial and industrial applications. The first commercial system was the Solar Total Energy Project (STEP) in Shenandoah, Georgia, USA where a field of 114 parabolic dishes provided 50% of the process heating, air conditioning and electrical requirements for a clothing factory. This grid-connected cogeneration system provided 400 kW of electricity plus thermal energy in the form of 401 kW steam and 468 kW chilled water, and had a one-hour peak load thermal storage. Evaporation ponds are shallow pools that concentrate dissolved solids through evaporation. The use of evaporation ponds to obtain salt from sea water is one of the oldest applications of solar energy. Modern uses include concentrating brine solutions used in leach mining and removing dissolved solids from waste streams. Clothes lines, clotheshorses, and clothes racks dry clothes through evaporation by wind and sunlight without consuming electricity or gas. In some states of the United States legislation protects the "right to dry" clothes. Unglazed transpired collectors (UTC) are perforated sun-facing walls used for preheating ventilation air. UTCs can raise the incoming air temperature up to 22 °C (40 °F) and deliver outlet temperatures of 45–60 °C (113–140 °F). The short payback period of transpired collectors (3 to 12 years) makes them a more cost-effective alternative than glazed collection systems. As of 2003, over 80 systems with a combined collector area of 35,000 square metres (380,000 sq ft) had been installed worldwide, including an 860 m2 (9,300 sq ft) collector in Costa Rica used for drying coffee beans and a 1,300 m2 (14,000 sq ft) collector in Coimbatore, India, used for drying marigolds.

paragraph_text: A third gain in cognitive ability involves thinking about thinking itself, a process referred to as metacognition. It often involves monitoring one's own cognitive activity during the thinking process. Adolescents' improvements in knowledge of their own thinking patterns lead to better self-control and more effective studying. It is also relevant in social cognition, resulting in increased introspection, self-consciousness, and intellectualization (in the sense of thought about one's own thoughts, rather than the Freudian definition as a defense mechanism). Adolescents are much better able than children to understand that people do not have complete control over their mental activity. Being able to introspect may lead to two forms of adolescent egocentrism, which results in two distinct problems in thinking: the imaginary audience and the personal fable. These likely peak at age fifteen, along with self-consciousness in general.

paragraph_text: Hydrochloric acid is produced in solutions up to 38% HCl (concentrated grade). Higher concentrations up to just over 40% are chemically possible, but the evaporation rate is then so high that storage and handling require extra precautions, such as pressurization and cooling. Bulk industrial-grade is therefore 30% to 35%, optimized to balance transport efficiency and product loss through evaporation. In the United States, solutions of between 20% and 32% are sold as muriatic acid. Solutions for household purposes in the US, mostly cleaning, are typically 10% to 12%, with strong recommendations to dilute before use. In the United Kingdom, where it is sold as "Spirits of Salt" for domestic cleaning, the potency is the same as the US industrial grade. In other countries, such as Italy, hydrochloric acid for domestic or industrial cleaning is sold as "Acido Muriatico", and its concentration ranges from 5% to 32%.

paragraph_text: In the US, dietitians are registered (RD) or licensed (LD) with the Commission for Dietetic Registration and the American Dietetic Association, and are only able to use the title "dietitian," as described by the business and professions codes of each respective state, when they have met specific educational and experiential prerequisites and passed a national registration or licensure examination, respectively. In California, registered dietitians must abide by the "Business and Professions Code of Section 2585-2586.8". Anyone may call themselves a nutritionist, including unqualified dietitians, as this term is unregulated. Some states, such as the State of Florida, have begun to include the title "nutritionist" in state licensure requirements. Most governments provide guidance on nutrition, and some also impose mandatory disclosure/labeling requirements for processed food manufacturers and restaurants to assist consumers in complying with such guidance.

paragraph_text: The goal of the Burmese constitutional referendum of 2008, held on 10 May 2008, is the creation of a "discipline-flourishing democracy". As part of the referendum process, the name of the country was changed from the "Union of Myanmar" to the "Republic of the Union of Myanmar", and general elections were held under the new constitution in 2010. Observer accounts of the 2010 election describe the event as mostly peaceful; however, allegations of polling station irregularities were raised, and the United Nations (UN) and a number of Western countries condemned the elections as fraudulent.

paragraph_text: Debt: The First 5,000 Years is a book by anthropologist David Graeber published in 2011. It explores the historical relationship of debt with social institutions such as barter, marriage, friendship, slavery, law, religion, war and government; in short, much of the fabric of human life in society. It draws on the history and anthropology of a number of civilizations, large and small, from the first known records of debt from Sumer in 3500 BC until the present.

paragraph_text: Wang Chong (; 27 – c. 100 AD), courtesy name Zhongren (仲任), was a Chinese meteorologist, astronomer, and philosopher active during the Han Dynasty. He developed a rational, secular, naturalistic and mechanistic account of the world and of human beings and gave a materialistic explanation of the origin of the universe. His main work was the "Lunheng" (論衡, "Critical Essays"). This book contained many theories involving early sciences of astronomy and meteorology, and Wang Chong was even the first in Chinese history to mention the use of the square-pallet chain pump, which became common in irrigation and public works in China thereafter. Wang also accurately described the process of the water cycle.

paragraph_text: The Human Development Index (HDI) is a composite statistic of life expectancy, education, and income per capita indicators, which are used to rank countries into four tiers of human development. A country scores higher HDI when the life expectancy at birth is longer, the education period is longer, and the income per capita is higher. The HDI was developed by the Pakistani economist Mahbub ul Haq, often framed in terms of whether people are able to "be" and "do" desirable things in their life, and was published by the United Nations Development Programme.

paragraph_text: Dr. John Augustus Just (January 9, 1854 – September 13, 1908) was a German-born chemist and inventor. He is best known for his investigative work into recovery of precious metals from their ores and for completing the process for evaporating milk. For his scientific achievements, he was awarded a medal by the committee celebrating Berthelot's 50th anniversary.

paragraph_text: As a sovereign country (2016), Texas would be the 10th largest economy in the world by GDP (ahead of South Korea and Canada). Texas's household income was $48,259 in 2010 ranking 25th in the nation. The state debt in 2012 was calculated to be $121.7 billion, or $7,400 per taxpayer. Texas has the second largest population in the country after California.

paragraph_text: The Language of God: A Scientist Presents Evidence for Belief is a bestselling book by Francis Collins in which he advocates theistic evolution. Francis Collins is an American physician-geneticist, noted for his landmark discoveries of disease genes, and his leadership of the Human Genome Project (HGP). He currently serves as the Director of the US National Institutes of Health. In the book, Collins describes briefly the process by which he became a Christian.

paragraph_text: With the introduction of the blast furnace to Europe in the Middle Ages, pig iron was able to be produced in much higher volumes than wrought iron. Because pig iron could be melted, people began to develop processes of reducing the carbon in the liquid pig iron to create steel. Puddling was introduced during the 1700s, where molten pig iron was stirred while exposed to the air, to remove the carbon by oxidation. In 1858, Sir Henry Bessemer developed a process of steel-making by blowing hot air through liquid pig iron to reduce the carbon content. The Bessemer process was able to produce the first large scale manufacture of steel. Once the Bessemer process began to gain widespread use, other alloys of steel began to follow. Mangalloy, an alloy of steel and manganese exhibiting extreme hardness and toughness, was one of the first alloy steels, and was created by Robert Hadfield in 1882.

paragraph_text: As of April 30, 2018, debt held by the public was $15.3 trillion and intragovernmental holdings were $5.7 trillion, for a total or ``National Debt ''of $21 trillion. Debt held by the public was approximately 77% of GDP in 2017, ranked 43rd highest out of 207 countries. The Congressional Budget Office forecast in April 2018 that the ratio will rise to nearly 100% by 2028, perhaps higher if current policies are extended beyond their scheduled expiration date. As of December 2017, $6.3 trillion or approximately 45% of the debt held by the public was owned by foreign investors, the largest being China (about $1.18 trillion) then Japan (about $1.06 trillion).

paragraph_text: A German ethnicity emerged in the course of the Middle Ages, ultimately as a result of the formation of the kingdom of Germany within East Francia and later the Holy Roman Empire, beginning in the 9th century. The process was gradual and lacked any clear definition, and the use of exonyms designating "the Germans" develops only during the High Middle Ages. The title of rex teutonicum "King of the Germans" is first used in the late 11th century, by the chancery of Pope Gregory VII, to describe the future Holy Roman Emperor of the German Nation Henry IV. Natively, the term ein diutscher ("a German") is used for the people of Germany from the 12th century.

paragraph_text: There is also a widespread view[vague][who?] that giving much more financial support to continuously cover the debt crisis or allow even higher budget deficits or debt levels would discourage the crisis states to implement necessary reforms to regain their competitiveness.[citation needed] There has also been a reluctance[citation needed] of financially stable eurozone states like Germany[citation needed] to further circumvent the no-bailout clause in the EU contracts and to generally take on the burden of financing or guaranteeing the debts of financially unstable or defaulting eurozone countries.[citation needed]

paragraph_text: It threatened the collapse of large financial institutions, which was prevented by the bailout of banks by national governments, but stock markets still dropped worldwide. In many areas, the housing market also suffered, resulting in evictions, foreclosures and prolonged unemployment. The crisis played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of U.S. dollars, and a downturn in economic activity leading to the 2008–2012 global recession and contributing to the European sovereign-debt crisis. The active phase of the crisis, which manifested as a liquidity crisis, can be dated from August 9, 2007, when BNP Paribas terminated withdrawals from three hedge funds citing "a complete evaporation of liquidity".

paragraph_text: The CMYK color model (process color, four color) is a subtractive color model, used in color printing, and is also used to describe the printing process itself. CMYK refers to the four inks used in some color printing: cyan, magenta, yellow, and key (black).

Question: How much of the US national debt is owned by the country of the philosopher who accurately described evaporation?
Answer: about $1.18 trillion