It is like this: Credit Suisse froze $10 billion of Greensill's funds, causing its insolvency as it found itself unable to repay a $140 million owed to Credit Suisse. Incredibly, Credit Suisse continued to market Greensill funds as a fully insured, low-risk product despite a decision by insurers to discontinue coverage. All that knowing that Greensill was broke (they had caused its bankruptcy, did they?). Seems to me a clear case of fraud.
SULLIVAN: Thank you, Mr. Secretary, and welcome to Director Yang and State Councilor Wang. It's fitting that we're meeting here in Alaska. We may be far from the continental United States, but there are few places that are as quintessentially American: big-hearted, resilient, intrepid. This is truly a fitting place for us to host this meeting.
Prof. Moshe Many, President of Tel Aviv University, had to speak at a Board of Governors Meeting and asked me to write him the opening speech. I wrote "It's fitting that we are meeting here in TAU campus, in Israel..." etc. I too used the recherche word quintessentially. The speech was a great success and I was paid 200 dollars. Prof. Many was Syrian Jew who specialized in venereal diseases and travelled frequently to Saudia to treat King Saud. Since then, I keep finding my rhetorical inventions recycled on the most unexpected occasions. For example, in every Annual Meeting since then. "This is truly a fitting place for us to host this Annual Meeting of TAU's Board."
One birth per 200 i.e. 0.5%. I told them a generation ago that their one child diktat was a big mistake. They answered that they were too many of them.
A cutting-edge drinking water treatment facility planned for one of the country’s most water-scarce states now appears in danger of being blocked by regulatory requirements.
“Recommended terms for a permit to build Poseidon Water’s controversial desalination plant in Huntington Beach would make it impossible to get financing for the $1.4 billion project, according to the developer,” The Orange County Register reported. For years, leaders of the project have been attempting to get a permit from the local water quality control board. Subsequently, the project would also need permission from a regional board and from the state’s Coastal Commission to go through with actual construction and implementation.
P.S.: The Economist asks: "What impact then would an infrastructure bonanza have, if it makes it through Congress?" I can answer - for the EPA portion of the spending: None. Tearing up perfectly good lead water distribution pipes and laying instead plastic lines adds nothing to the GDP. It is a hysterical - and wrong - reaction to the Flint racial panic (caused by the lack of buffer in the supply).
