The pullback, the largest since a 27.3% loss during the last financial crisis, is the latest setback for an institution that has struggled with leadership changes and lagging performance when compared with its Ivy League peers. Harvard Management’s board is currently searching for its fourth chief executive in a decade following the July departure of Stephen Blyth, who left after 18 months in the top job.
Helicopter money results when governments run larger deficits and central banks print the money to cover the deficits. Central banks have been printing money since 2008. The problem is banks won’t lend it and people won’t spend it. Helicopter money cuts out the middleman. Governments just borrow and spend the money directly without waiting for the banking system to do the job. Central banks pick up the tab.
The BOJ’s move away from negative interest rates on the longer end is a tacit acknowledgement that NIRP is deflationary. This is why we’re seeing negative yielding currencies strengthen because steepening the yield curve is a form of stealth tightening. We should expect the ECB and SNB to follow suite in the months ahead. This is why I expect the dollar to weaken in the near-term as markets wake up to this fact.
Do Robots Dream Of Wealth? (Tiffany D.)
However, most people under 30 don’t look at the world like this. Digital technology has been with them since they were born. Their world is populated with computers, cellphones, tablets, streaming music and movies. Seeing technological change unfold year after year is the only way they’ve experienced the world.
The particulars of the settlement are not beyond public concern. The Bland family’s case is one of several legal battles surrounding widely publicized police-related deaths over the last two years. More families may soon follow suit after this summer saw a string of officer-involved shootings and subsequent protests. Future cases could generate similar public criticism, but according to Ranjana Natarajan, director of the Civil Rights Clinic at the University of Texas School of Law, both sides make faulty arguments.
For many oil companies, the current downturn in oil is a back-breaker, but some have adapted to the falling prices and are fighting each day to survive and benefit from the higher oil prices that lay at the end of this dark tunnel.
The ships are owned by a company called Transocean Ltd., the biggest offshore-rig operator in the world. And while the decision to idle a chunk of its fleet would seem logical enough given the collapse in oil drilling activity, Transocean is in truth taking an enormous, and unprecedented, risk. No one, it turns out, had ever shut off these ships before. In the two decades since the newest models hit the market, there never had really been a need to. And no one can tell you, with any certainty or precision, what will happen when they flip the switch back on.
Per the WSJ, it’s unclear how much damage the fire caused or where the power company would obtain the money to repair and/or replace the damaged equipment. In addition to Puerto Rico’s efforts to restructure $70BN of public debt, the utility is also struggling with $9 billion of its own debt that it too hopes to restructure amid corruption allegations.
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