Hints and tips:
...Need to know: global economy China set an ambitious target for economic growth of 5 per cent this year as premier Li Qiang promised to tackle the property crisis, high local debt and troublesome deflation...
...Years ago he accompanied Donald, his then business partner, to the Miss Universe pageant in San Juan, Puerto Rico. “It was fun. He was single then,” Dezer recalled, without elaborating....
...As a result of the above, the Bank of England faces a bigger poisoned chalice than, say, the European Central Bank or the Federal Reserve, in that it may have to raise interest rates more than other leading...
...All of which means Rowan is arguably overdue some R&R....
...Puerto Rico and Haiti, which are affected by hurricanes. India and Bangladesh, which are prone to tropical cyclones....
...If Debt/GDP is about 1 now (UK-US levels) you can run a primary deficit of (g-r) — where g is growth rate and r is real cost of borrowing — and keep Debt/GDP constant....
..., emerging stronger as consolidation benefits and cost savings have driven new margin highs (e.g....
...Tax is not the big clincher, Mr Hatzipetros says: if people really wanted to avoid it they would go to Puerto Rico, where there is no federal income tax either....
...The biggest losers in the current policy mishmash are the Puerto Ricans themselves. They may find out what it is like to have no alternative to banks owned by the Federal Deposit Insurance Corporation....
...Speaking of being eaten by monsters, did I mention the municipal bond insurance companies?...
...However, while they can leave, the US government cannot leave Puerto Rico. The island’s bank deposits are guaranteed by the Federal Deposit Insurance Corporation....
...Warren Lichtenstein, the executive chairman of New York-based Steel Partners, first got his hands on WebBank in August 1998, when a company he controlled bought it from H&R Block, which recorded a $1.1m...
...The entire Puerto Rican banking sector collapses. Then the Federal Deposit Insurance Corporation, which is your US bank customers and taxpayers, gets to take over all those assets....
...Between the civil war and the Depression, banks looked after themselves. There was no federal deposit insurance, the dollar was defined as a weight of gold and no bank was too big to fail....
...Mr Isaac and Mr Kovacevich propose using subordinated debt to absorb losses, and that bail-ins be organised by the Federal Deposit Insurance Corporation for insolvent banks....
...World Bank in push for food price hedging The World Bank is taking the rare step of encouraging companies in developing countries to buy insurance in the derivatives markets against sudden changes in food...
...The three banks hold almost 30% of Puerto Rico’s $62 billion of deposits, and their bank subsidiaries are operating under enhanced FDIC scrutiny....
...However, R.G....
International Edition