Hints and tips:
...The junk bond CDS index includes oil producer Murphy Oil, drilling contractor Transocean, and Whiting Petroleum, an oil exploration company....
...“Producers are always inclined to spend more than they make,” Mr Kelly says. “And they always want to ramp up production when they can.”...
...But just as often, such tests will reveal fraud — cod mixed with something cheaper, whiting perhaps, or a different species entirely....
...If you’d talked to Cy [Twombly] in old age or Jasper Johns or Ellsworth Kelly they’d say, ‘Of course you have to learn’: it’s about developing articulacy in a medium.”...
...John Whiting, tax policy director at the Chartered Institute of Taxation, said there would be an administrative burden on the Revenue at a time when it was facing deep cuts....
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