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...Advisers at the UK’s biggest wealth manager St James’s Place owe £920mn in business loans through a scheme facilitated by the company that allows them to buy clients from other advisers....
...Louis Ashworth is a reporter for FT Alphaville This article has been amended to reflect the fact that a patent was granted for the extraction of the Vegas Strip in 2017....
...Unfortunately, nobody got that, which means we have no winner and our t-shirt supplier gets no business, a failure on both GNH and GDP terms. Oh well. There’s always this Friday to try again....
...Elsewhere on Tuesday… — In the shadow of St Paul’s (The Fence) — Is it even possible to become more productive?...
...The cover is borrowed from Jacques-Louis David’s handsome painting, which hangs in the National Gallery of Art (admission free). I loathed Ridley Scott’s disappointing film, a catastrophe!...
...Alberto Musalem, a former IMF economist, will replace longtime Fed official James Bullard as president of the Federal Reserve’s St Louis branch....
...John Reed, Arhaus’s chief executive, co-founded the company in 1986 according to an official bio, and has led the business for most of its existence....
...Transport is the largest source of US carbon dioxide emissions....
...FitzPatrick is also conducting a review of the business after money flowing into the group’s funds and other products nearly halved last year....
...Bank of England’s forecasting methods, which will land soon....
...Additional help by Sam Giovinco, Zach St. Louis, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer....
...their business competitively and without fear of disclosure of sensitive commercial information....
...Elsewhere on Thursday… — The business of check cashing (Bits about Money) — Can Europe save Germany again?...
...Additional help by Zach St. Louis, Saffeya Ahmed, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez....
...— Big in Japan (Net Interest) — What makes an album the greatest of all time?...
...It is natural, of course, that bosses want to avoid saying shrinkflation, since acknowledging it would be public relations equivalent to sticking a “kick me” sign on their business....
...Business is so tricky. At least Liberty is apparently trying to make things better....
...Charles de Nobrega of Butterfield Bank....
...in the wake of Brexit....
...PZ Cussons is offloading self-tanning brand St Tropez and exploring a sale of its Africa business, after the devaluation of the Nigerian naira and chronic inflation on the continent eroded the group’s profitability...
...Additional help by Zach St. Louis, Ethan Plotkin, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez....
...Grab your popcorn, the European Central Bank’s gone studs-up on the Securities & Exchange Commission....
...credit card business....
...A lot of people got two out of three this time around, with the third chart proving particularly troublesome (several people guessed other regional bank indices)....
...Further reading— The unbearable tightness of BoE’ing— The Bank of England is misusing its fiscal powers...
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