The Paradox of Debt: A New Path to Prosperity without Crisis. 2023. Richard Vague. University of Pennsylvania Press. In 2004, Vice President Dick Cheney drew no small amount of derision when he opined that “[President Ronald] Reagan proved that deficits don’t matter.” Richard Vague suspects that Cheney may well have been right. In The Paradox of Debt: A New Path to Prosperity without Crisis, Vague — banker, venture capitalist, and Pennsylvania’s secretary of banking and securities — goes a long way toward making the case. The postcard version of the book’s “paradox” stipulates that without debt there can be no…
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Saudi Arabia has invested billions of dollars into tech overseas in recent years.The kingdom is now looking for overseas tech companies to invest in it, according to Bloomberg. The kingdom plans to develop AI data centers, startups, and more with the help of foreign companies. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking “unsubscribe” at the bottom of the email. In…
The Nantucket Marine Department will soon acquire a new fire response and emergency vessel for Nantucket Harbor to provide the town with new capabilities to fight boat fires and respond to other marine emergencies.The Select Board on Wednesday unanimously approved the purchase of a new 37-foot Harbor Guard vessel for $225,000 from the Helen H Offshore Fishing Corp.The vessel is capable of pumping 2,000 gallons per minute from two water guns and has towing capability. It would provide the town with a level of fire response on the water that does not currently exist, Harbormaster Sheila Lucy said.“With our entire waterfront infrastructure being wooden…
SHANGHAI and SAN DIEGO, Nov. 7, 2024 /PRNewswire/ — WuXi XDC Cayman Inc. (“WuXi XDC” or the “Company”, stock code: 2268.HK), a leading global CRDMO (Contract Research, Development, and Manufacturing Organization) specializing in antibody-drug conjugates (ADCs) and other bioconjugates (XDCs), is proud to announce that it has been named the winner of the “Best CDMO” at the World ADC Awards 2024 for the second consecutive year. Over the past three years, WuXi XDC has consistently earned recognition at the World ADC Awards, including being named the winner of the”Best CDMO” in 2023 and “Best CMO Runner-up” in 2022. This year,…
A tech-led rally brought new record highs for the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) Thursday as investors digested a fresh interest rate cut from the Federal Reserve and Donald Trump’s electoral victory. In a widely expected move, the Fed cut interest rates by 25 basis points on Thursday, lowering its benchmark rate to a range of 4.5% to 4.75%. The S&P 500 rose roughly 0.7%, while the tech-heavy Nasdaq Composite moved nearly 1.5% as shares of chip heavyweight Nvidia (NVDA) and e-commerce giant Amazon (AMZN) rose to new highs. Meanwhile, the Dow Jones Industrial Average (^DJI) traded right…
By Dave Sherwood and Nelson Acosta ARTEMISA, Cuba (Reuters) -Cuban authorities said they had begun restoring power to the eastern half of the island on Thursday, a day after Hurricane Rafael knocked out the country’s electrical grid, leaving 10 million people in the dark. The grid collapsed on Wednesday as Rafael tore across Cuba with top winds of more than 115 mph (185 kph), damaging homes, uprooting trees and toppling telephone poles. The hurricane had spun off westward into the Gulf of Mexico where it no longer posed an immediate threat to land, the Miami-based U.S. National Hurricane Center said. …
The European Commission’s (EC) 2024 Climate Action Progress Report highlights significant strides in reducing greenhouse gas (GHG) emissions across the EU, with an 8.3% decrease in 2023. This marks one of the largest non-COVID-related declines in recent history, driven largely by a 24% reduction in emissions from electricity production and heating. Trading Carbon, Saving the Planet: How EU ETS Drives Climate Action What makes such a significant reduction in EU emissions possible is the bloc’s Emissions Trading System (ETS). The ETS is a key policy tool that slashes GHG emissions across several high-emitting sectors. It applies the polluter pays principle,…
Pictured here is a construction site of property developer Hongkong Land, in Shanghai on Nov. 4, 2024.Feature China | Future Publishing | Getty ImagesBEIJING – China is widely expected to unveil more stimulus on Friday after its parliament ends a five-day meeting.Authorities here have ramped up stimulus announcements since late September, fueling a stock rally. President Xi Jinping led a meeting on Sept. 26 that called for strengthening fiscal and monetary support, and stopping the real estate market slump.While the People’s Bank of China has already cut several interest rates, major increases in government debt and spending requires approval by…
SINGAPORE (Reuters) – Oil prices fell slightly on Friday as the risk that a hurricane in the Gulf of Mexico will affect U.S. oil and gas output declined while the market continues to weigh how President-elect Donald Trump’s policies might affect supplies. futures fell 26 cents, or 0.3%, to $75.37 per barrel by 0209 GMT. U.S. West Texas Intermediate (WTI) crude gained 35 cents or 0.5% to $72.01. The benchmarks fell after rising nearly 1% on Thursday. For the week, Brent is set to gain 3.1% while WTI is set to rise 4.1% Hurricane Rafael, which has caused 391,214 barrels…
The Swedish brand Our Legacy finally gets investment from the big guys. Source link