Hints and tips:
...This glamorous collection includes big names such as Oscar-winning actors Hattie McDaniel and Sidney Poitier, but also lesser-known figures such as 1930s actress Nina Mae McKinney, nicknamed the “black Garbo...
...Who knew the Marks and Spencer’s Book of Football Quotations could prove so profound, for instance, or Combination Microwave Cooking so stomach-churning?...
...Ben McLannahan is the FT’s US banking editor Still life by Aaron Tilley; portrait by Spencer Lowell...
...South American coastline - Colfax to table bid for Charter International - Lufthansa names Sorensen BMI Chairman as the German flag-carrier considers a sale of its struggling U.K. subsidiary - Marks and Spencer...
...Mr Royce was among the most strident critics of Fannie Mae and Freddie Mac, the government-sponsored entities that backstop the US mortgage market, well before they faced collapse in 2008 because of their...
...Meanwhile, it has a large, worthy target for reform in Fannie Mae and Freddie Mac....
...Mr Hensarling said: “My expectation is that Spencer Bachus will be the next chairman of the House financial services committee and I support him.”...
...jakab.spencer@ft.com...
...Spencer Bachus, the senior Republican on the committee, is facing a challenge from Ed Royce, a congressman from California....
...His top targets include: Fannie Mae and Freddie Mac, the government-sponsored lenders, and Obama administration officials who serve in quasi-public roles but have not been confirmed by the Senate....
...“It’s unacceptable that 18 months after Fannie and Freddie were put into conservatorship, the administration still doesn’t have a plan,” said Spencer Bachus, the committee’s ranking Republican....
...But Fannie Mae and Freddie Mac, just like many of their mortgage holders, have fallen on hard times....
...spencer.jakab@ft.com...
...The first phase was denial, which started almost two years ago with Northern Rock and Fannie Mae and Freddie Mac. Then, last autumn, denial gave way to shock and fear....
...Tantalising opportunities to buy seemingly enduring franchises like Bear Stearns or Fannie Mae for pennies on the dollar became painful lessons in risk management and diversification....
...All’s rosy for Rose No wonder Sir Stuart Rose, chief executive of Marks and Spencer, looked pleased with himself....
...Others have had stores closed after falling into administration: Ethel Austin and MK One both collapsed before being rescued by a buyer – but not all stores were included in the deal....
...The Treasury announced its own plan this week for a more systematic modification of loans held by Fannie Mae and Freddie Mac....
...Herbert Spencer What’s Next? It is the “what’s next” that scares us the most. There is no doubt that many books will be written chronicling the times we are living through today....
...Marks & Spencer was also unsettled by the news, losing 4 per cent to 248p....
...Ms Spencer left in 2005....
...However, Marks and Spencer managed to buck the weak market trend, rising 2.7 per cent to 240¼p on further rumours of predatory interest from Bhs owner Philip Green....
...Marks & Spencer sank 6.1 per cent to 255¾p after an industry survey stoked concern that trading may be running below management targets....
...“We are in the process of talking to [government-chartered mortgage groups] Freddie Mac and Fannie Mae about what type of instrument they may come up with,” he said....
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