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Desmond Lachman
Desmond Lachman (born 1948), is a South African-born economist and finance author, who was a senior advisor (1984–1994) and then Deputy Director (1994–1996) at the International Monetary Fund, the Managing Director and Chief Emerging Market Strategist at Salomon Smith Barney (1996–2003), and a Fellow at the American Enterprise Institute (2003–). Lachman has served as an adjunct professor at Johns Hopkins University (2009), and Georgetown University (2010). In 2006, Paul Blustein of the ''Wall Street Journal'' said Lachman "distinguished himself amongst other analysts" in predicting that Argentina would be eventually forced to default on its debts. In 2011, ''Bloomberg'' credited Lachman with predicting the global credit crisis and the credit issues that the Euro currency would create amongst some member states. In 2016, Blustein said "Some of his direct forecasts have proven perspicacious and have come well ahead of the pack". Lachman is a frequent opinion contributor in ...
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PublicAffairs
PublicAffairs (or PublicAffairs Books) is a book publishing company located in New York City and has been a part of the Hachette Book Group since 2016. PublicAffairs was launched in 1997 by Peter Osnos. The current Publisher is Clive Priddle. The company publishes mostly non-mainstream non-fiction books about politics and current affairs, both American and international. It has published several books by Nobel Prize-winning authors, including Muhammad Yunus's ''Banker to the Poor'' and Abhijit V. Banerjee and Esther Duflo's two books '' Poor Economics'' and '' Good Economics for Hard Times''. In 2019, it published Shoshana Zuboff's international bestseller '' The Age of Surveillance Capitalism''. Perseus Books won ''Publishers Weeklys "Publisher of the Year" award for 2007. References External links Company web site* Panel discussion on the 20th anniversary of PublicAffairs Books, April 17, 2018 C-SPAN Cable-Satellite Public Affairs Network (C-SPAN ) is an Amer ...
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CNBC
CNBC is an American List of business news channels, business news channel owned by the NBCUniversal News Group, a unit of Comcast's NBCUniversal. The network broadcasts live business news and analysis programming during the morning, Daytime television in the United States, daytime trading day, and early-evening hours, with the remaining hours (such as weekday prime time and weekends) are filled by business-related Television documentary, documentaries and reality television programming, as well as occasional NBC Sports presentations. CNBC operates an accompanying financial news website, CNBC.com, which includes news articles, video and podcast content, as well as subscription-based services. CNBC's headquarters and main studios are located in Englewood Cliffs, New Jersey, while it also maintains a studio at the Nasdaq MarketSite in Times Square, New York City. CNBC was originally founded in April 1989 as the Consumer News and Business Channel, a joint venture between NBC ...
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Alumni Of The University Of Cambridge
Alumni (: alumnus () or alumna ()) are former students or graduates of a school, college, or university. The feminine plural alumnae is sometimes used for groups of women, and alums (: alum) or alumns (: alumn) as gender-neutral alternatives. The word comes from Latin, meaning nurslings, pupils or foster children, derived from "to nourish". The term is not synonymous with "graduates": people can be alumni without graduating, e.g. Burt Reynolds was an alumnus of Florida State University but did not graduate. The term is sometimes used to refer to former employees, former members of an organization, former contributors, or former inmates. Etymology The Latin noun means "foster son" or "pupil". It is derived from the Latin verb "to nourish". Separate, but from the same root, is the adjective "nourishing", found in the phrase '' alma mater'', a title for a person's home university. Usage in Roman law In Latin, is a legal term (Roman law) to describe a child placed in foster ...
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1948 Births
Events January * January 1 ** The General Agreement on Tariffs and Trade (GATT) is inaugurated. ** The current Constitutions of Constitution of Italy, Italy and of Constitution of New Jersey, New Jersey (both later subject to amendment) go into effect. ** The railways of Britain are nationalized, to form British Railways. * January 4 – British rule in Burma, Burma gains its independence from the United Kingdom, becoming an independent republic, named the 'Post-independence Burma (1948–1962), Union of Burma', with Sao Shwe Thaik as its first President and U Nu its first Prime Minister. * January 5 – In the United States: ** Warner Brothers shows the first color newsreel (''Tournament of Roses Parade'' and the ''Rose Bowl Game''). ** The first Kinsey Reports, Kinsey Report, ''Sexual Behavior in the Human Male'', is published. * January 7 – Mantell UFO incident: Kentucky Air National Guard pilot Thomas Mantell crashes while in pursuit of an unidentified fl ...
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JSTOR
JSTOR ( ; short for ''Journal Storage'') is a digital library of academic journals, books, and primary sources founded in 1994. Originally containing digitized back issues of academic journals, it now encompasses books and other primary sources as well as current issues of journals in the humanities and social sciences. It provides full-text searches of almost 2,000 journals. Most access is by subscription but some of the site is public domain, and open access content is available free of charge. History William G. Bowen, president of Princeton University from 1972 to 1988, founded JSTOR in 1994. JSTOR was originally conceived as a solution to one of the problems faced by libraries, especially research and university libraries, due to the increasing number of academic journals in existence. Most libraries found it prohibitively expensive in terms of cost and space to maintain a comprehensive collection of journals. By digitizing many journal titles, JSTOR allowed libraries ...
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Greek Government-debt Crisis
Greek may refer to: Anything of, from, or related to Greece, a country in Southern Europe: *Greeks, an ethnic group *Greek language, a branch of the Indo-European language family ** Proto-Greek language, the assumed last common ancestor of all known varieties of Greek **Mycenaean Greek, most ancient attested form of the language (16th to 11th centuries BC) **Ancient Greek, forms of the language used c. 1000–330 BC **Koine Greek, common form of Greek spoken and written during Classical antiquity ** Medieval Greek or Byzantine Language, language used between the Middle Ages and the Ottoman conquest of Constantinople ** Modern Greek, varieties spoken in the modern era (from 1453 AD) *Greek alphabet, script used to write the Greek language *Greek Orthodox Church, several Churches of the Eastern Orthodox Church *Ancient Greece, the ancient civilization before the end of Antiquity * Old Greek, the language as spoken from Late Antiquity to around 1500 AD *Greek mythology, a body of myth ...
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Everything Bubble
The expression "everything bubble" refers to the correlated impact of monetary easing by the Federal Reserve (and followed by the European Central Bank and the Bank of Japan) on asset prices in most asset classes, namely equities, housing, bonds, many commodities, and even exotic assets such as cryptocurrencies and SPACs. The policy itself and the techniques of direct and indirect methods of quantitative easing used to execute it are sometimes referred to as the Fed put. Modern monetary theory advocates the use of such tools, even in non-crisis periods, to create economic growth through asset price inflation. The term "everything bubble" first came in use during the chair of Janet Yellen, but it is most associated with the subsequent chair of Jerome Powell, and the 2020–2021 period of the coronavirus pandemic. The everything bubble was not only notable for the simultaneous extremes in valuations recorded in a wide range of asset classes and the high level of speculation in th ...
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Argentine Debt Restructuring
The Argentine debt restructuring is a process of debt restructuring by Argentina that began on January 14, 2005, and allowed it to resume payment on 76% of the US$82 billion in sovereign bonds that defaulted in 2001 at the depth of the worst economic crisis in the nation's history. A second debt restructuring in 2010 brought the percentage of bonds under some form of repayment to 93%, though ongoing disputes with holdouts remained. Bondholders who participated in the restructuring settled for repayments of around 30% of face value and deferred payment terms, as well as warrants that paid investors based on annual economic growth as part of the same offer, and began to be paid punctually; the value of their nearly worthless bonds also began to rise. The remaining 7% of bondholders were later repaid 25% less than they were demanding, after centre-right and US-aligned leader Mauricio Macri came to power in 2015. As part of the restructuring process, Argentina drafted agreeme ...
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The Atlantic
''The Atlantic'' is an American magazine and multi-platform publisher based in Washington, D.C. It features articles on politics, foreign affairs, business and the economy, culture and the arts, technology, and science. It was founded in 1857 in Boston as ''The Atlantic Monthly'', a literary and cultural magazine that published leading writers' commentary on education, the abolition of slavery, and other major political issues of that time. Its founders included Francis H. Underwood and prominent writers Ralph Waldo Emerson, Oliver Wendell Holmes Sr., Henry Wadsworth Longfellow, Harriet Beecher Stowe, and John Greenleaf Whittier. James Russell Lowell was its first editor. During the 19th and 20th centuries, the magazine also published the annual ''The Atlantic Monthly Almanac''. The magazine was purchased in 1999 by businessman David G. Bradley, who fashioned it into a general editorial magazine primarily aimed at serious national readers and " thought leaders"; in 201 ...
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Business Insider
''Business Insider'' (stylized in all caps: BUSINESS INSIDER; known from 2021 to 2023 as INSIDER) is a New York City–based multinational financial and business news website founded in 2007. Since 2015, a majority stake in ''Business Insider''s parent company Insider Inc. has been owned by the international publishing house Axel Springer. It operates several international editions, including one in the United Kingdom. ''Insider'' publishes original reporting and aggregates material from other outlets. it maintained a liberal policy on the use of anonymous sources. It has also published native advertising and granted sponsors editorial control of its content. The outlet has been nominated for several awards, but has also been criticized for using factually incorrect clickbait headlines to attract viewership. In 2015, Axel Springer SE acquired 88 percent of the stake in Insider Inc. for $343 million (€306 million), implying a total valuation of $442 million. From ...
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Newsnight
''Newsnight'' is the BBC's news and current affairs programme, providing in-depth investigation and analysis of the stories behind the day's headlines. It is broadcast weeknights at 10:30 on BBC Two and the BBC News channel; it is also available on BBC iPlayer. The programme is currently presented by Victoria Derbyshire, Paddy O'Connell and Matt Chorley. History ''Newsnight'' began on 28 January 1980 at 22:45, although a 15-minute news bulletin using the same title had run on BBC2 for a 13-month period from 1975 to 1976. Its planned September 1979 launch date was delayed by four months by the Association of Broadcasting Staff, at the time the main BBC trade union.Andrew Bille"Flagship sails on", ''New Statesman'', 7 February 2000 ''Newsnight'' was the first programme to be made by means of a direct collaboration between BBC News, then at Television Centre, and the current affairs department, based a short distance away at the now defunct Lime Grove Studios. Staff feared ...
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