Hints and tips:
...“It is one,” I argue, “in which companies would not promote junk science on climate and the environment; it is one in which companies would not kill hundreds of thousands of people, by promoting addiction...
...Smart reads Junk behaviour Lee Stowell, a Wall Street veteran and junk bond saleswoman says she was bullied and harassed at the brokerage firm Cantor Fitzgerald. Now she wants her day in court....
...In the evening, we drink cocktails and eat junk food in a tacky marquee alongside a display of expensive jewellery (25 per cent off for Berkshire shareholders)....
...Sir, John Kay has noted that the rise in inequality in the US and the UK “is principally the result of two interrelated causes: the growth of the finance sector; and the explosion of the remuneration of...
...johnkay@johnkay.com ——————————————- Letters in response to this column: Little value in bemoaning inequality at gross level / From John Fishley Today’s inequalities began with the junk bond boom / From...
...Turchynov, acting president of Ukraine: Kiev’s message to Moscow (NYT) The spectre of eurozone deflation (Financial Times, Wolf) Of Greenspan’s many maps and territories (Financial TImes, Kay) Ed Miliband...
...(Financial Times) Numericable, the telecoms and cable operator, is to sell a record €8.5bn of junk bonds on Wednesday to raise funds to complete its acquisition of SFR, France’s second-biggest telecoms...
...As another economist, John Kay, put it in 2010: “It is hard to overstate the damage done in the recent past by people who thought they knew more about the world than they really did....
...Many people resent junk mail as they throw it away and pay to have spam filters installed on their computers....
...Sir, I applaud John Kay’s piece explaining the term capitalism and how our current economic system has already evolved into something altogether different (“Capitalism in crisis: Capitalism is the wrong...
...R&I, one of the two top Japanese credit rating agencies, has moved Tepco down to four notches above junk, noting “confusion” over the government’s compensation framework....
...With the prescience that has distinguished these businesses throughout the crisis, Moody’s has just concluded that the junior debt of Anglo Irish Bank is junk....
...John Kay: The Big Society must get down to the nitty-gritty Last week, David Cameron reiterated his commitment to the Big Society, writes the FT columnist....
...Sure, bad loans cause pain, but if losses do not snowball into an economic disaster, they are ultimately healthy: they concentrate minds, clean out junk from the financial system and can offer a fresh start...
...The spread compares with the average of 7.26 percentage points for junk bonds, Bank of America Merrill Lynch indexes show....
...Personal sector borrowing began its dizzy rise and Michael Milken of Drexel Burnham Lambert invented junk bond financing for flaky companies....
...Fully paid-up tribal members include Gareth Neal, Based Upon, Russell Pinch, Alex Hellum, Kay & Stemmer, Tim Parsons and Michael Marriott....
...johnkay@johnkay.com Post and read comments at www.ft.com/kay...
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