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Business

Greensill Capital: The Collapse of a Company Built on Debt

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LONDON - Das Gerichtsgebäude sollte für diesen Tag bereits geschlossen sein.Bei einer Anhörung, die am 1. März um 17.00 Uhr begann, argumentierten Anwälte von Greensill Capital verzweifelt vor einem Richter in Sydney, Australien, dass die Versicherer der Kanzlei angewiesen werden sollten, die bis Mitternacht ablaufenden Policen zu verlängern. Greensill Capital brauchte die Versicherung, um 4,6 Milliarden US-Dollar zu...
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Business

Save Money at the Store

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How do you spend the right amount on groceries?According to an online survey of more than 1,000 people published in October by LendingTree and Qualtrics, weekly grocery bills in the US rose an average of 17 percent last year from before the pandemic. Thirty-one percent of respondents said they “almost always overpay” in the grocery store.No matter how...
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Business

Covid cases are rising, hospitalizations have plateaued even as vaccinations rise

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Paramedic Lenny Fernandez, medical assistant Rodnay Moore, and paramedic certified Calvin Davis (left to right) prepare doses of the Pfizer COVID vaccine as the City of Vernon Health Department workers open the new clinic for the city's mobile health unit for delivery Vaccinations used by COVID-19 against nearly 250 food processing workers at Rose & Shore, Inc. March 17,...
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Business

China-listed stocks tank on fears of multiple disputes with U.S.

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Chinese and American flags outside the building of an American company in Beijing, China January 21, 2021.Tingshu Wang | ReuterssA new ruling by the Securities and Exchange Commission requiring foreign companies to file government affiliations and influence is a headache for Chinese investors. It is one of several problems that arise between US and China investors.Chinese stocks...
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Business

Biden Poised to Raise Taxes on Business and the Rich

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Many liberal economists say there are good reasons to collect taxes, starting with using those funds to invest in workers and help build economic opportunity. Spending on physical infrastructure like roads and water pipes, or programs like education and childcare to help people make more money, could help reduce persistent inequalities in income and wealth. Economists also...
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Business

The Fed has embraced the ‘punchbowl’ and has no intention of taking it away

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The Marriner S. Eccles Federal Reserve building is located in Washington, DC, United States on Tuesday, August 18, 2020.Erin Scott | Bloomberg via Getty ImagesThe Federal Reserve has come a long way since the days of the "irrational exuberance" warning.Former Fed chairman Alan Greenspan famously sent out a torch in December 1996 over stretched asset valuations sparked by...
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Business

Leon Black to Step Down as MoMA Chairman

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Amid mounting pressure from prominent artists and activists on his financial relationship with convicted sex offender Jeffrey Epstein, investor Leon Black told colleagues on Friday that he would not stand for re-election as chairman of the Museum of Modern Art, with two people aware of his decision.Mr. Black announced his decision to the Executive Committee of the Board of...
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