Daily Digest 7/15 - Oil May Determine South Sudan's Future, UK Charges 2 Brokers In Libor Inquiry
Although mining is clearly a challenging business, bear markets are not the sole domain of this industry. For those who may have forgotten, there have been some doozy boom-bust cycles witnessed in many asset classes during the last 15 years. In the case of mining, there have been three terrific booms — and now three nasty busts — over the last 20 years.
“China is a case in point that great GDP doesn’t mean a great stock market,” Nicholas Yeo, a money manager at Aberdeen Asset, which oversees about $322 billion worldwide, said by phone from Hong Kong on July 10. “The lack of quality in terms of corporate governance is one of the main reasons we find why companies don’t perform well over the long term.”
As a Swede currently living in the United States, with actual experience of Swedencare, I must reply to the delusions propagated by professor Robert H. Frank in his June 15 article in the New York Times, titled “What Sweden Can Teach Us About Obamacare.”
I don’t want being a mother to change the way employers see me, but of course, it does. I’m in my 30s. It’s true that I’ll likely get pregnant again. It’s true I will sometimes want to have dinner with my family. And it’s true that any company that hires me is making a long-term investment—it’s much more difficult to fire people in France than in the United States. This causes employers to think about the future when hiring, including how a woman’s eventual or actual children might affect her job performance. It’s also not illegal in France to ask about a person’s age and marital status in an interview. It is illegal to discriminate based on the answers, but this kind of discrimination can be very hard to prove.
Mr. Hayes has already appeared in a London court twice since he was charged, and he is scheduled to attend a hearing in October when he may enter a plea. Andrew Honnor, a spokesman for RP Martin, declined to comment on the charges. Lawyers for Mr. Farr and Mr. Gilmour could not be reached immediately for comment.
Oil May Determine South Sudan's Future (James S.)
The IMF said South Sudan will be able to settle its $2 billion tab with the Sudanese government by next year. The debt was incurred during the 18-month spat over pipeline fees that ended in June. By 2017, South Sudan hopes to have an export pipeline of its own, increasing its prospects in the coming years.
Rising temperatures and increasingly severe storms threaten the Tour de France more so than any other professional sporting event, snowsports aside. The Tour requires traversable roads at the highest Alpine passes and fan-friendly temperatures on the streets of Paris. Without those two conditions, the Tour cannot be both sufficiently challenging and commercially successful. And obviously, the race can’t be held in an air-conditioned dome, like a soccer match.
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