White House, Republicans Reach Deal to Avert US Default
White House, Republicans Reach Deal to Avert US Default https://www.bloomberg.com/news/articles/2023-05-28/white-house-republicans-reach-deal-to-avert-historic-us-default
BRICcoin doesn’t stand up
Dollar hegemony is here to stay for now BRICcoin doesn’t stand up – https://on.ft.com/42JqucJ via @FT
Washington and London crack down on financial fixers for Russian oligarchs
Washington and London crack down on financial fixers for Russian oligarchs – https://on.ft.com/41rRsVV 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
The $40 Billion Housing Headache Facing New York’s Next Mayor
The $40 Billion Housing Headache Facing New York’s Next Mayor [“https://www.bloomberg.com/news/articles/2021-05-27/the-40-billion-housing-headache-facing-new-york”]
Uncovering London’s hidden property wealth
Uncovering London’s hidden property wealth – https://on.ft.com/3bwTXMN via @FT Helpful progress in combating money laundering.
Reforming audit and governance – do the government’s plans go far enough? • High Pay Centre
https://highpaycentre.org/reforming-audit-and-governance-do-the-governments-plans-go-far-enough/
[The Washington Post] Perspective | The right formula for managing a socially responsible company? There is none.
Perspective | The right formula for managing a socially responsible company? There is none. By Steven Pearlstein https://www.washingtonpost.com/business/2020/10/05/shareholder-capitalism-business-roundtable-esg/
UK to become global leader in tackling famine?
This is an impossible dream when aid becomes a tool of foreign policy and a post-Brexit UK will be desperate to cozy up to all manner of suspect foreign leaders. https://www.theguardian.com/global-development/2020/sep/02/uk-will-lead-world-on-tackling-famine-and-covid-with-new-department-says-raab?CMP=Share_AndroidApp_Other
On eve of bankruptcy, U.S. firms shower execs with bonuses | Article [AMP] | Reuters
Bonus before bankruptcy or BBB. Where is the governance? Hopefully some of the bonuses will be subject to clawback. The beauty of the “heads I win, tails you lose” C-Suite. When company does well bonus is well deserved, when company does poorly they need to retain management to execute “visionary” turnaround. And when board is …