Hints and tips:
...The new paper, by Jeremiah Green of Texas A&M and John Hand of University of North Carolina, argues that at least on the ethnic diversity side, the studies just don’t hold up....
...A Harvard Business Review analysis from 2021 estimated that bad chief executive and C-suite successions wiped out $1tn in market value from the S&P 1500 a year....
...The value of short positions against Argentine bonds lent by international custodian banks is currently $41mn, a sharp increase from $25mn ahead the mid-August vote, according to data from S&P Global Market...
...That alarming fact is at the core of John Coates’ book The Problem of Twelve: When a Few Financial Institutions Control Everything (Columbia Global Reports $17)....
...They have a typical cap of 7.5 per cent of their assets for “triple-C” rated loans....
...And finally A few decades ago, the residents of Wigtown (population c. 1,000) in south-west Scotland wondered if they could follow Hay-on-Wye in Wales’s lead....
...The profit, which was driven by bets across a range of asset classes including bonds and equities, surpasses the roughly $15.6bn made by John Paulson in 2007 through his bet against subprime....
...In this important book he has set out to use the radical ideas of John Rawls as a way to organise a society that is both free and fair....
...Campaigners and politicians have also called for curbs on executive pay as the gulf widens between the C-suite and lower level employees....
...Matthew John Moulding had a difficult Tuesday....
...Atos is burning cash flow at an average of €385mn annually through 2025, according to S&P Global estimates....
...John Delaney, another former presidential candidate, is creating a green bank. Some of this funding is jumping into hydrogen and wind....
...First-quarter figures point to a blended net profit margin for the S&P 500 stock index of 12.3 per cent, according to FactSet....
...Separately, data from Statistics Canada are expected to show a trade surplus of C$2.50bn in December. That is down from a surplus of C$3.13bn a month earlier, close to June’s 13-year high of C$3.23bn....
...O Over-rule When an umpire reverses a call by a line judge, aka how umpires prove they’re awake. P Passing shots Things of beauty that have more or less killed off serve-and-volley tactics....
...Altice would go on to flirt with a $185bn bid for Charter in 2017 and, in 2020, Drahi attempted to expand with a $8.4bn (C$11.1bn) offer to buy Cogeco, one of Canada’s oldest private media companies....
...The benchmark S&P 500 ended the quarter down nearly 5 per cent....
...They illustrate their argument by comparing the paths to success of the richest people in Mexico and the USA (p. 39)....
...Dihal’s analysis is reminiscent of a fragment from Pope John Paul II’s famous writing on the dialogue between faith and science from 1998, Fides Et Ratio, which Benanti teaches in his graduate class....
...Meanwhile, Time magazine had an interesting cover story on how John Kerry is bringing America back into the climate fight....
...in the S&P 500....
...In September, one particular deal caught the market’s attention: a triple C rated loan from software company BMC that priced with a yield of just 6.3 per cent....
...“At these levels a lot of companies can hedge future production and survive,” said John Dixon, a high-yield bond trader at Dinosaur Financial Group....
...It is at risk of a downgrade by rating agency S&P Global if it spends more than $20bn on spectrum and its earnings are flat this year....
...FG padstowkitchengarden.co.uk Panzer’s Deli, St John’s Wood, London A stalwart of seven decades, London’s original Jewish deli is these days a destination for all manner of fine and rare global foods....
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