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...Democracy prevents such dire outcomes because it has built-in methods of correction....
...But the correction is gathering pace. Commercial rents are down 37 per cent on average from that peak....
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...But there was a “still a little bit of a supply-demand imbalance” for reinsurance, he added, as new entrants to the sector have been slower than after previous price corrections....
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...“One of the orders included in today’s announced actions is not like the others,” said Gurbir Grewal, director of the SEC’s enforcement division....
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