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...All the King’s Men by Robert Penn WarrenEverything you need to know about demagoguery America-style, via a thinly disguised portrait of Huey Long of Louisiana....
...But what Dan Davies pointed out is, what is easy to miss is that can balloon into thousands and thousands and thousands of dollars based on the original $100 theft....
...The £1.3bn of so-called class B debt, which is still inside the ringfence but has a lower-ranking claim on the company’s cash flows, could be hit with even deeper 35-40 per cent impairments....
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...Traders are marking a riskier £250mn “class B” bond at little over 60 pence in the pound....
...That is in line with current market expectations given that a default at Kemble earlier this month sent the price of a second-ranking “Class B” bond plunging to little over half of its face value....
...“The situation on the Korean peninsula is more dangerous than it has been at any time since early June 1950,” veteran US diplomat Robert Carlin and nuclear scientist Siegfried Hecker wrote in a recent commentary...
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...Robert ArmstrongYeah, right when Brexit happens. You have to ask an additional question. A, does Brexit have something to do with this? And B, does that make any sense? Ethan WuYeah. It’s irrational....
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...For example: “In my view, [public markets aren’t] differentiating enough between office Reits that hold B-tier assets and office Reits that hold A-tier assets.”...
...We like boxes B and C. Will the long end follow the short end down, and why? We can debate how much short rates will come down, but it seems pretty clear that they will fall....
...The US military is also deploying more nuclear-capable bombers and submarines on temporary missions to South Korea and, last month, a US B-52H nuclear bomber appeared alongside fighter jets from the US,...
...Spreads over Treasuries of triple-B (lowest rung of investment grade) and double-B and single-B (upper parts of high yield) bonds were higher earlier this year, before long term interest rates jumped, and...
...Last week, the US and South Korea concluded a new round of joint exercises involving nuclear-capable US B-1B bombers, and a “breakthrough operation” with ground troops simulating a counterattack into North...
...Send us your thoughts: robert.armstrong@ft.com and ethan.wu@ft.com....
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...Kwon has been using a China-made server robot rented from B-Robotics, a subsidiary of the country’s largest food delivery platform operator Woowa Brothers, for Won300,000 ($225) a month....
...Let us know who you would like to hear from on future Fridays: robert.armstrong@ft.com and ethan.wu@ft.com....
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