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...It has finally received the book treatment it deserves in Gregory Makoff’s Default....
...“Growth and rapid growth doesn’t live in tension [with] getting to profitability, it is the path to profit,” he said....
...Gregory Makoff is a senior fellow at the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School and author of Default....
...And for now, at least, the conflict hasn’t grown beyond what traders were expecting at that point a couple of weeks ago....
From Tony Smith, Bishop’s Stortford, Hertfordshire, UK
...If this wasn’t provocative enough, bondholders were then told that they should brace themselves for haircuts....
...Meta, General Dynamics, AT&T, Hilton, Biogen, Hasbro, Chipotle, Ford, Whirlpool and Wyndham Hotels also report earnings....
...These bells don’t jingle, they thunder....
...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....
...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....
...But even for those with access to a garden, not owning a home shouldn’t prevent renters from investing, says Claymore....
...He added: “I don’t think it’s the model which is the issue per se, it’s the shift in the regulatory and political landscape.”...
...Jessica SmithI’m Jessica Smith, in for Marc Filippino, and here’s the news you need to start your day....
...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.”...
...[But] the risks that the world is insuring don’t look like that anymore.”...
...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....
...America (still) has no industrial policy: Subsidies, tariffs and good intentions don’t add up to what is needed, argues Rana Foroohar....
...“Everyone’s been anticipating a recession for a long time and it hasn’t materialised.” Read more about the drivers boosting markets....
...“When people come back to Hong Kong, they won’t see something they might see in Basel, Paris or Miami: it will be something they haven’t seen before.”...
...The FT’s Louis Ashworth consults butchers, food scientists and “meat influencers” who can’t quit searching for new ways to slice a cow. Additional contributions from Gary Jones and Benjamin Wilhelm...
...“I wouldn’t call it top of the cycle, it is now where it needs to be for the next four or five years [to satisfy investors],” he added....
...In many cases, the numbers “simply won’t stack up,” says Pete Smith, professor of soils and global change at the University of Aberdeen....
...“Our ancestors aren’t just some dead people who contributed to our DNA. These are the people who’ve stood where we stand — they are responsible for us being here....
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