Hints and tips:
...Here’s Citi’s Andrew Coombs et al. then: For the European banks, we see less risk of deposit flight and believe they have more liquid balance sheets....
...At the heart of the fight for control of the future board is who controls the board today, an oddly knotty question, as DD’s Sujeet Indap reports....
...Caisse de dépôt et placement du Québec (CDPQ), the C$400bn global investment group, told my colleague Josephine Cumbo that the UK stood out because of its “pro business” stance....
...The initiative from New Zealand et al has not reached critical mass: the big trading economies have not signed on....
...Recent medical literature suggests that severe manifestations of COVID19 may be due to tissue damage caused by severe immune dysregulation (Li H, et al; The Lancet; April 2020)....
...This would represent c8% of costs and highlights the ability of agencies to manage costs if they anticipate top line weakness....
...Val Broeksmit, a musician with a history of opioid abuse and credit card theft, and his trove of secret documents have become an unlikely but repeat player at the centre of global scandals....
...Or we could go back and use the framework of Mehlum et al (2006) to ask about the quality of institutions....
...Yasir Al-Rumayyan, the head of the PIF, even joined the company’s board....
...— Recent research by Gorton et . al about the form and role of banks as maturity transformers and creators of “private money” is very relevant to this discussion....
...Sensible sentences from Citi’s Buiter et al on China’s valuation shock (with our emphasis): This decision by the PBOC is a significant event, even if its implications and motivations are not yet fully clear...
...Trade credit and offshore borrowing are subject to controls for prudential reasons, but they are relatively accessible for many companies....
...The latest case, Google v Joffe et al, involves a class action suit stemming from the company’s illicit collection of snippets of information from WiFi networks in homes that its StreetView cars were passing...
...The study by Bigsten et al in 2003 found that small firms have historically had a significantly greater chance of being rejected by banks than larger firms....
...As Simon Roberts, an anthropologist and director of Stripe Partners, an innovation agency in London, puts it: “Businesses often look on innovations as ‘new things’....
...This is a big number and we don’t want to make too big calls as some of the quasi-government agencies might be fully out of the control of the government....
...… The auction of gold watches, gaudy clocks and a Ferrari offered a flashy display of assets of the deposed Tunisian dictator Zine al-Abedine Ben Ali, but scarcely reflected the scale of his corruption...
...volatile industries such as car production and other manufacturing sectors;better inventory control;greater availability of credit to smooth consumption....
...Even as the government vows to control local government debt, other means of financing are contemplated, including special agency and/or instruments for infrastructure financing....
...(Reuters) - The escalating role of central banks in EM currency. (Wall Street Journal) - Goldman et al should be forced to incur losses on mistaken trades, says Myron Scholes....
...“We see advanced economies with double A and some of them are reduced even further, while emerging markets like my own country…we’re really deserving of a higher credit rating,” Ibrahim al-Assaf, Saudi Arabia...
...losing control....
...(NYT DealBook) Goldman is trying to exempt credit funds from the Volcker rule. Or, failing that, to use exemptions to get around it....
...The authors apply the rules of scarcity to all of our activities, even love. They explain why scarcity begets scarcity. Winners in this world have better patience and control over impulses....
...United States v Apple, Inc et al is more than a US Justice department antitrust action against publishers allegedly colluding on ebook prices....
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