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...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 £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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...No mention of the B-word, then....
...Ukraine aid bill: Democrat Senate majority leader Chuck Schumer is expected to propose a “Plan B” after the $118bn bipartisan spending bill that tied support for Kyiv to a crackdown on immigration at the...
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...When Democrats were in the White House — starting with Franklin D Roosevelt and then under John F Kennedy, Lyndon B Johnson, Bill Clinton, and even Barack Obama — they favoured internationalist policies,...
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...Republican candidates led by Ron DeSantis and Nikki Haley sharpened their attacks on Donald Trump and each other during last night’s presidential debate at the Ronald Reagan presidential library in Simi...
...Ronald Reagan, who helped millions of us to win back our freedom and independence, must be turning in his grave today,” Tusk wrote on X....
...Between September 2000 and September 2023, 7,782 conflict deaths in the Gaza Strip were recorded by B’Tselem, a Jerusalem-based non-profit organisation....
...The consensus view that a smaller state and lower taxes are good, which rose to prominence in the 1980s under Margaret Thatcher in the UK and Ronald Reagan in the US, is starting to crumble....
...Sebastian Mallaby, ‘The Man Who Knew: The Life & Times of Alan Greenspan’ (2016) Favourite: The Money Game, by “Adam Smith”....
...Party A cannot coerce party B into providing labour or goods at a price that does not command party B’s unforced consent....
...There was chiming here with Talmon Joseph Smith’s piece in the weekend New York Times business section which argued that we may be in a post boom/bust economic cycle, with many years of growth to come....
...The maritime sector he said, is “only so resilient” and “would clearly like to be reassured there is a Plan B”....
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...But he lost the general election to Ronald Reagan by a landslide....
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