Switzerland unveils money laundering clampdown
Alternative headline: Switzerland Unveils Swiss Banking Clampdown Switzerland unveils money laundering clampdown – https://on.ft.com/3qY2qFO via @FT
China sends finance experts to tackle regions’ debts
China sends finance experts to tackle regions’ debts – https://on.ft.com/47sWZPA via @FT
In charts: how privatisation drained Thames Water’s coffers
On the dangers of privatising a critical service. And the UK has done it about as bad as you can imagine. Poor regulation combined with highly indebted water provider owned by private equity sowed the seeds for an epic disaster. https://www.theguardian.com/business/2023/jun/30/in-charts-how-privatisation-drained-thames-waters-coffers?CMP=Share_AndroidApp_Other
‘Greedflation’: profit-boosting mark-ups attract an inevitable backlash
More evidence that fiscal/govt policy needs to supplant monetary policy in fighting inflation. ‘Greedflation’: profit-boosting mark-ups attract an inevitable backlash – https://on.ft.com/3nEWL5u via @FT
America’s credit rating could get downgraded even if a default is avoided, Fitch Ratings warns – CNN
A stark warning from Fitch. Though there is no risk of something replacing the dollar as the world’s reserve currency, that is a necessary but not sufficient condition to avoid fallout from the US debt ceiling debate. https://www.cnn.com/2023/03/06/economy/us-credit-rating-fitch/index.html
Credit ratings are punishing poorer countries for investing more in health care during the pandemic
https://theconversation-com.cdn.ampproject.org/c/s/theconversation.com/amp/credit-ratings-are-punishing-poorer-countries-for-investing-more-in-health-care-during-the-pandemic-165298
Luxury London homes still used to launder illicit funds, says report
https://www.theguardian.com/money/2020/dec/21/luxury-london-homes-still-used-to-launder-illicit-funds-says-report?CMP=Share_AndroidApp_Other
Time to open the friendly skies.
As I’ve previously posted, there is extremely low risk from flying. Opening up flying saves the airlines and tourist dependent regions.Allowing those with covid negative tests to fly is about the safest way to reopen economies. The US and EU should create uniform test criteria that would be accepted in all states and EU member …
Weighing Sweden’s Coronavirus Model – The Wall Street Journal.
Weighing Sweden’s Coronavirus Model The global economy needs a leader as lockdowns are lifted and countries fear a second wave if lockdowns are relaxed to quickly. The Swedish model can be that model and happy to see WHO endorsing it as a legitimate approach. The worst case scenarios never materialized in terms of Covid disease …
COVID-19: Tackling a dual economic and health crisis
COVID-19: Tackling a dual economic and health crisis https://www.linkedin.com/pulse/covid-19-tackling-dual-economic-health-crisis-rod-dubitsky