Financial job losses
- Did Soros really give Tesla a “vote of confidence”?
- At a crypto conference in New York, it feels like 2017 all over again
- Egregious expectations - Intelsat edition
- Bitcoin cash is expanding into the void
- Stop getting The Flintstones wrong
- Bond investors do not care if Argentina is solvent in 100 years
- Ubiquiti Networks: of cash and borrowed time
- “We're very disappointed in you, Spotify”
- 'Sex redistribution' and the means of reproduction
- Tesla probably needs to raise capital this year
- No entitlement crisis in America
- Free cash flow to whom?
- Hey crypto bros! Journalism ≠ advertising
- Human capital and the jobs guarantee
- This is a tech bubble, when's the crash?
- The magic of adjustments: ebitla-dee-da
- FUD, inglorious FUD
- A complex analysis reaches same conclusion as simple one: hedge funds suck
- The jobs guarantee and human-capital “nationalisation”
- These hedge fund numbers can't be right
A double-header about opposing views that both manage to be wrong.
Carillion’s collapse and liquidation are set to have more repercussions today – and provoke more recriminations. Among the more astonishing facts to emerge yesterday was that not a single direct employee had been dismissed from the construction group. “Everyone is still on the payroll,” said the Official Receiver on Monday – including, it would seem, former boss Richard Howson, who stepped down last July but will keep receiving his £660,000 salary and £28,000 of benefits until October.
Theresa May is not the only one to secure a political deal in the nick of time, and breathe a sigh of relief, writes Matthew Vincent. Charles Woodburn, chief executive of BAE Systems has managed no less a negotiating feat, but in the Middle East rather than Europe: finalising a £5bn order from Qatar for 24 Typhoon fighter jets – a deal that will safeguard British jobs and ensure UK production of the aircraft into the mid-2020s.
Random variation in American financial supervision reveals important insights into the dangers of “forbearance”.
Could the collapse of covered interest rate parity be the harbinger of even stranger things to come ? At the heart of the issue is how on earth the interest rate differential between two currencies in the cash money markets is no longer equal to the differential between the forward and spot exchange rates.
McKinsey & Co. has published a tome on the Death of Banks. Well, they don’t actually say the end is nigh, but they do think the ranks of global mega-banks will shrink by at least half by the time the dust has settled:
Remember WMPs? The touchstones of China’s shadow market? The shadow market that China might actually be cracking down on … like for real this time … According to Credit Suisse, new regulatory guidelines or consultation papers about new regulations have been announced on almost a bi-weekly basis since May:
Some people aren’t terribly happy with the way government debt is sold in the US and UK. Some even say using auction data and game theory that full pre-auction information sharing between dealers and investors would raise $4.8bn more revenue for the US Treasury each year than a fully closed bidding mechanism where no information is shared.