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    \x0a In return, the Austrian government pledged to give the airline a €500m restructuring grant, a move much-criticised by Lufthansa’s main rival Air France-KLM.\x0a
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    \x0a There is an exaggerated fear that private equity contains big systemic risk. Our opinion is that it does not,” said Mats Odell, the country’s financial markets minister\x0a
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    Ci volevano gli svedesi per dirlo?

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    FT.com / Brussels - Sweden rides to defence of hedge funds

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    \x0a But some question whether such schemes will work in the long term. Even the European Central Bank has waded into the debate, saying short-time working will delay the recovery. It argues that if the downturn is short-lived such schemes can be “efficient tools” but “over time, these measures generate a major fiscal burden without creating incentives for investment to foster recovery”. Jorma Ollila, chairman of Nokia and Royal Dutch Shell, frets about the impact on national budgets: “It is a costly way for governments to buy time.\x0a
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    \x0a Yet bank failures are like buses: you do not see one for hours and then a fleet arrives together.\x0a
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    \x0a The IEA, the consuming countries’ watchdog, now expects global oil demand to grow a paltry 0.6 per cent or 540,000 b/d in 2008-2014, pushing consumption from 85.8m b/d to 89m b/d. That is considerably less than the 1m b/d average yearly increase the IEA had expected last year. If the lower-end GDP forecasts turn out to be correct, oil demand could actually contract over the period, with consumption at 84.9m b/d in 2014, the IEA said in its medium-term oil market report.\x0a
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    Presagi subprime
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    Tratto da un articolo profetico e lungimirante di DFW pubblicato nel 2005:

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    […] Però le réclame più frequenti e tartassanti di Kfi sono quelle delle società di mutui e rifinanziamento immobiliare. In appena poche ora di ascolto, un membro del pubblico di questa stazione radio, accasciato e con lo sguardo vitreo, può sentire réclame sia registrate che lette dal vivo della Green Light Financial, la Hms Capital, la Home Field Financial, il Lenox National Lending, lo U.S. Mortgage Capital, Cresting Funding, Home Savings Mortgage, Advantix Lending. Prestiti vitalizi ipotecari, ammortizzazione negativa, tariffe personalizzate, tassi di nteresse, intermediari finanziari… da dove vengono tutte queste aziende? Cosa faceva questa gente cinque anni fa? Per quale motifivo quello di Kfi è visto come un pubblico così spiccatamente maturo e pronto per il rifinanziamento? Betterloans.com, lendigtree.com, Union Bank of California, bethebroker.com, e così via all’infinito.

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    \x0a the monetary remedies for the financial crisis create the potential for trading profits by reducing the banks’ cost of funds. While this appears offensive to ordinary people, it is nonetheless desirable, because it recapitalises banks via the back door.\x0a
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    \x0a Jackson’s death is the first of its kind in the digital music era. By Friday morning his albums accounted for the entire top 10 on Amazon.com and seven of the top 10 albums on Apple’s iTunes store.\x0a
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    \x0a This will surprise those familiar with his role in organising the loan that funded the UK government’s bail-out of British slave owners when colonial slavery was abolished in the 1830s. It was the biggest bail-out of an industry as a percentage of annual government expenditure – dwarfing last year’s rescue of the banking sector.\x0a
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    \x0a At the height of the financial crisis, when UBS debt was trading at about 70 cents on the dollar, accounting rules perversely enabled the bank to book this notional fall in its liabilities as a gain. Now, as the bank’s outlook brightens, so has the price of its debt risen. As a result, the bank has had to reverse the gain it once booked and count it as a loss. How ironic.\x0a
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