The rise and fall of Vijay Mallya: are India's boom times ending?
For Mallya, the self-crowned "king of excellent times", has fallen on hard times. … Much of this new money was concentrated in the "super rich" – one recent study found that billionaires' wealth comprised less than 1% of national income in India in 1996 …
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How to Prepare For the Next Recession
Sometimes those with money to lend or invest get frightened and shift assets into the safest possible places. Then banks tighten credit, non-bank lenders cannot get funds to re-lend, and Main Street businesses suffer. That's possible, but I reckon we'll …
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4 More Years Of What? The Past As Prologue
This is excellent for the world long-term, but it is hard for Americans to compete in this environment, and it depresses American incomes. This is not a small-term problem. It has been with us for most of the last two decades, and it … That will reduce …
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