One of the pet villains of this site, Kathryn Wylde of the New York City Partnership (now apparently calling herself “Kathy” to seem more of a woman of the people) has returned to her highest and best use: saying things on behalf of the rich and Big Finance that they’re too circumspect to say themselves. As we’ll see shortly, Wylde is doing her official water-carrying for the preservation of the standing of the well-off by launching an “alert” opposing New York State plans to raise taxes to shore up the city’s shaky finances.
Wylde has a history of telling howlers to defend the funders of her business lobby, as a quick gander through our archives show. Recall that we supported Eliot Spitzer’s run for New York City Controller, since that would put him in charge of the city’s pension system, where he would be ideally positioned to take on the way private equity grifts at investor (and ultimately taxpayer) expense. Of course Wylde was not happy about the idea. From a
P
ANDEMICS CAN have unexpected side-effects. One of them, according to a report last year by the New York Federal Reserve, may be a surge in support for extremist ideas. It observed how cities in Germany that suffered the most deaths from influenza by 1920 then voted in unusually large numbers for extreme-right parties, such as the Nazis, by the early 1930s. In the past year, too, according to studies in Britain and America, there has been a spurt in online searches for extremist content. Anger over lockdowns or loss of trust in government could be driving new interest.
Listen to this story
To embed, copy and paste the code into your website or blog:
On November 30, 2020, parties to legacy LIBOR contracts breathed a collective sigh of relief as LIBOR’s administrator Intercontinental Exchange, Inc. (“ICE”) announced that US Dollar LIBOR would continue to be published until December 31, 2021 for the one-week and two-month tenors and until June 30, 2023 for the remaining, more widely used tenors.
[i] As explained in our prior Client Alerts on the transition away from LIBOR, these extensions will allow time for most legacy LIBOR contracts to mature prior to the cessation of LIBOR’s publication,
[ii] significantly reducing – or at least delaying – the potential for disputes between counterparties over the selection of an appropriate alternative reference rate. But the potential for disputes remains, particularly because the earlier-expiring one-week and two-month tenors, though less popular than those expiring in June 2023, are still prevalent in corporate len
Gold holds near multi-month lows as U S yields advance marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.