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...After the Depression, Congress gave the structure the national stamp of approval with a 1940 funds law that remains the template for US retail investment funds today....
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...Research by Cevat Aksoy, associate director of research at the European Bank for Reconstruction and Development, shows that more individualistic countries, such as the UK or US, exhibit higher rates of working...
...But, as Brooke Masters, Will Schmitt, Madison Darbyshire and I explore in this Big Read, today the mutual fund’s dominance is under threat from newer rivals that promise tax advantages, lower fees and rapid...
...Survey shows far more US voters are more likely to trust Donald Trump to handle the economy than Joe Biden....
...“If I am an entrepreneur in Greater China, and I am looking to expand to south-east Asia, the best place to make my headquarters is very likely Singapore,” Kwan says....
...Now I know why they call this the political silly season.”...
...“I’m going to bombard your senses,’‘ Severs said in an interview in 1995. “I will get the 20th century out of your eyes, ears and everything. With every age we visit, we’ll be governed by a spirit.”...
...I’m not sure exactly which “analytical evidence” Ramsden was referring to, but quite possibly it was this 2019 paper by a clutch of Bank of England economists that examined how Brexit causes a different,...
...“Transparency between the consumer and the business is key to digital trust.”...
...Several different interpretations of “carbon footprint” were used in climate reports by 17 large pension master trusts, overseeing combined assets of £131bn on behalf of 25mn members which were examined...
...‘I would expect the country to support me when I’m trying to help people,” he added. “[But] I’m not sure we’re going to have a safety net.”...
...It’s not a mass-participation sport. But I still think it’s a performative system....
...The government has introduced the New Industrial Master Plan 2030, which includes a target of boosting the manufacturing sector’s gross domestic product by 6.5 per cent annually through 2030, and the National...
...If you’ve kept a close eye on my columns you’ll know that I have shareholdings in a few investment trusts....
...Here’s what else I’m keeping tabs on today: Economic data: Analysts expect US growth in the second quarter to remain unchanged from the initial reading of 2.4 per cent when the revised number is released...
...Brooke Masters is the FT’s US financial editor Find out about our latest stories first — follow @ftweekend on Twitter...
...Food banks and medical causes are good but steer clear of fuel poverty charities. They might spark associations with oil profits....
...Brooke Masters responds Gideon, I think you’re absolutely right to focus on the ties between the US and India. It really does feel like the relationship has taken a major step up....
...Alice Wang, China portfolio manager at Quaero Capital, says: “Many investors assumed it was going to be a giant national package like the US....
...Well, I also got in touch with the Association of British Insurers. Its members provide most of the insurance for houses and homes in the UK....
...But of course, there will be new shocks that the Bank has to respond to keep to this target. I trust the MPC will make the right choices....
...“I feel exactly the same,” Windhorst wrote back. “It’s more than just close friendship between us. It does feel like extended family for me also!”...
...Nigel Farage I was kicked out of the bank because of my political views. What on earth does that have to do with a bank? Their job is to run a bank, not to become moral arbiters....
...I was increasingly feeling there was an imbalance of trust because I wasn’t sharing the same information about myself.”...
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