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...In fact, since 85 per cent of US wine is grown in California, Napa Valley is emblematic of all American wine. I spent a week there earlier this month, at perhaps the most beautiful time of the year....
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...Out of a total of 159mn shares, Samsung’s ruling Lee family, other Samsung affiliates and the KCC Corporation — a long-standing Lee family ally — control approximately 80mn shares....
...healthcare and other services for children....
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...Corporations are people, and people run on banks Despite plenty of bank failures, there were no banking panics in the US between the Great Depression and 2007....
...Old cities industrialised on the right, California and its gold got statehood on the left — and a Great American Desert lay between....
...to the railroad companies, and the federal government kept the other half of squares for itself....
...Its rapid growth has turned it into an important conduit for global capital flows, with firms such as Blackstone, KKR and Carlyle Group managing and investing money on behalf of sovereign wealth funds, endowments...
...So it's not completely opaque, but yes, it's less hands on when it comes to investors than, for example, some of my other companies that guide quarterly revenues and earnings and so on....
...All eyes will be on next month’s potential meeting between Chinese president Xi Jinping and US president Joe Biden at the Asia-Pacific Economic Cooperation summit in San Francisco, an event that has historically...
...And as the events in Manipur expose, when all else fails, that welfarism can be backed up by mob violence and a dose of harsh repression....
...And private credit vehicles themselves often contain a big slug of equity. BDCs, for example, generally have debt/equity ratios of just 1 or 1.5....
...The Department of Energy (DOE) and the CHIPS office at the Department of Commerce (DOE) both have “other transactions authority” — allowing the agencies to engage in all manners of creative contracts....
...“Bridges and roads are built in response to calls for economic growth and poverty alleviation. But why should the localities now shoulder all the cost on behalf of the central government?”...
...That ranges from early warning systems, to plans for cooling cities....
...The loan is unusually large for a financing of this kind and required a wide range of teams to work closely with each other....
...[MUSIC PLAYING] Gideon RachmanThat was Jason Matheny of the Rand Corporation speaking to me from California and ending this edition of The Rachman Review. That’s it for now....
...Randall Peerenboom, author of China’s Long March toward Rule of Law and professor at the University of California, Los Angeles, argues that the subsequent improvements in China’s legal system have been “...
...It’s a funny-sounding name, but it has serious implications for Val and for thousands of others....
...The new company, later named Apollo Global Management, after the sun god, was led by Black and five other former Drexel executives....
...Ranta was trained on a system whose log-in page bore a peppy message of thanks for keeping the internet safe. Training material taught moderators to identify and label unacceptable content....
...Our results to this point suggest that the political preferences of a limited number of asset management companies are amplified as they gain control in U.S. corporations on behalf of their dispersed (and...
...A version of this article was first published by Nikkei Asia on April 27 2023. ©2023 Nikkei Inc. All rights reserved....
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