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One thing to start: If you have been following Bill Ackman’s activist campaign against the leadership of Ivy League universities, you may enjoy this quiz from our friends over at FT Alphaville. Can you figure out if the comments in question were said by Ackman or by the main character from the 1990s novel American
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Tracy Kasper, a realtor from Nampa, Idaho. Courtesy: NAR The president of the National Association of Realtors on Monday said she was resigning due to a blackmail threat that sought to “compromise” her leadership role. NAR President Tracy Kasper said she had notified the group’s leadership team “that she recently received a threat to disclose
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Munis were weaker Monday ahead of a $9 billion new-issue slate and the first full week of 2024 while U.S. Treasury yields fell and equities ended up. Munis “continue to be expensive when compared to Treasuries, falling well below the average of 85% for 10-year munis,” said Jason Wong, vice president of municipals at AmeriVet
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. For three months, as Israel has waged its thunderous offensive against Hamas in Gaza, fears have lingered that the war could trigger a full-blown regional conflagration. In some ways, the conflict spilled across borders from
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Dobrila Vignjevic | E+ | Getty Images Company: Nihon Kohden   Company: Nihon Kohden (6849.T-JP) Business: Nihon Kohden is a Japan-based company engaged in the research, development, manufacture and sale of medical electronic equipment, as well as the provision of maintenance and repair services. The company offers a wide array of devices to aid with
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Download crossword FT.com will bring you the crossword from Monday to Saturday as well as the Weekend FT Polymath. Interactive crosswords on the FT app Subscribers can now solve the FT’s Daily Cryptic, Polymath and
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Thank you to Martin Sandbu for a very informative, thoughtful and thought-provoking FT Weekend Essay on effective altruism (December 30). It is hard to disagree with Sandbu’s conclusion “that to achieve the most good we can do, we should not take EA too seriously”. First, ideas of effective philanthropy are hardly new. Look at the
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The U.S. District Court for Puerto Rico ended a Puerto Rico Electric Power Authority bondholder discrimination adversary proceeding, asking parties to raise the issues they have during the plan of adjustment confirmation hearing planned to in early March. District Court Judge Laura Taylor Swain stayed the proceeding while saying plaintiffs GoldenTree and Syncora Guarantee should
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As government funding deadlines loom just weeks away, cities and states face fallout from federal aid cuts, the claw back of pandemic funds and reductions in the always-vulnerable Build America Bond subsidies. The federal government is currently operating under a pair of short-term continuing resolutions that expire within weeks. The departments of Agriculture, Veterans Affairs,
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David Elgart, former president and chief compliance officer of the now defunct Roswell, Georgia-based Sequoia Investments has agreed to settle charges with the Financial Industry Regulatory Authority for his role in acting as an unregistered dealer between May 2020 and May 2021, accepting a suspended fine. Without admitting or denying the findings, Elgart consented to
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Babcock International (BAB) After a painful reset in 2021, this defence specialist is now operating from a position of strength, writes Michael Fahy. After taking the helm at Babcock in late 2020 David Lockwood pledged to raise £400mn through disposals within 12 months. By the time it reported 2022 numbers, Babcock had exceeded this target,
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