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...It has finally received the book treatment it deserves in Gregory Makoff’s Default....
...Gregory Makoff is a senior fellow at the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School and author of Default....
...If she hadn’t done that, these pictures wouldn’t exist. That was what became important about the project as it emerged: it told stories that hadn’t been told in the press at the time....
...EU-China rivalry: Brussels’ new anti-subsidy rules are powerful but have set the bloc on a confrontation course with Beijing that it can’t entirely control, writes Alan Beattie....
...If this wasn’t provocative enough, bondholders were then told that they should brace themselves for haircuts....
...And for now, at least, the conflict hasn’t grown beyond what traders were expecting at that point a couple of weeks ago....
...“I don’t know how long it will take.”...
...“In the event that someone’s condition becomes uninsurable or they can’t pay, what then? A depleted NHS might not be there as a safety net to look after them.”...
...These bells don’t jingle, they thunder....
...It is right that he won’t be allowed to work in regulated financial services again,” said Steve Smart, joint executive director of enforcement and market oversight at the FCA....
From Tony Smith, Bishop’s Stortford, Hertfordshire, UK
...“I don’t have a choice about this. If I don’t take the loan I can’t continue to work. I can’t continue to pay my mortgage,” said the 62-year-old nursing manager from Cambridgeshire....
...“I don’t think we have the tools to really say that with a lot of certainty,” says Bhattacharya-Craven....
...But even for those with access to a garden, not owning a home shouldn’t prevent renters from investing, says Claymore....
...Management has taken steps to try to limit damage to the business, although falling revenue and profit numbers don’t suggest that these have been a success....
...Jessica SmithI’m Jessica Smith, in for Marc Filippino, and here’s the news you need to start your day....
...AbbVie, Colgate-Palmolive, Phillips 66, T Rowe Price and Newell Brands also report results....
...Meta, General Dynamics, AT&T, Hilton, Biogen, Hasbro, Chipotle, Ford, Whirlpool and Wyndham Hotels also report earnings....
...Deaths in custody persist and after the failure of the Voice referendum, which sought to constitutionally recognise the country’s Indigenous people, the prospects don’t look good....
...If he isn’t getting bumped from a project, he’s walking off it, because he refuses to contemplate changing a single word....
...[But] the risks that the world is insuring don’t look like that anymore.”...
...It is time to conceive a way of working as revolutionary as that described by Adam Smith, the 18th-century Scottish philosopher and economist, in his theory of the division of labour illustrated by the example...
...If you don’t you’re not trying hard enough – you’re not passionate enough,” he says. “You have to control your nerves because the horse feels it, and then he can go wrong.”...
...Mondi has exited Russia and last year warned on paper pricing; DS Smith didn’t have to and didn’t have to....
...Mainstream investors like Fidelity, T Rowe Price and BlackRock are also exposed. Read more on the options open to ByteDance’s US investors....
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