The Central Bank should have a permanent window for discounting high quality securities where banks could go and discount these. It gives peace of mind to the banks. In the absence of this facility, what banks tend to do is to keep a liquidity cushion for emergency requirements. This is a very expensive way of managing liquidity.
One does not have to agree with his views to be intrigued by the possibilities opened up by Prime Minister Narendra Modi's emergence as communicator/harangue-master in chief.
When you see a merger between two giants in a declining industry, it can look like the financial version of a couple having a baby to save a marriage.
Coinbase is 'the' brand in the Bitcoin space. Their founder Brian Armstrong was amongst the first good entrepreneurs to emerge in this space. While others championed ideological or underground/illicit interests, Brian saw an opportunity to change the world for the better and build a big business out of it.
I've been through a lot of different situations, and the key thing I've learned is: Don't panic. That's the advice I give people. If anaphylaxis occurs, just do the necessary things. If it's your first time, call and seek emergency assistance and find out exactly what's happening. Get help.
The uniqueness of the United States in human history is the United States is the first global power in human history which emerged far away from Africa or Asia, which is the main land of human history.
In any merger, when you have large organisations coming together, there will be challenges in terms of culture.
Hurricanes Harvey, Irma, and Maria each caused billions of dollars in damage, claimed the lives of many Americans, and disrupted millions more. They also reminded us how important communications networks can be during emergencies - and that the FCC has a role to play in helping keep people safe.
Our world faces a true planetary emergency. I know the phrase sounds shrill, and I know it's a challenge to the moral imagination.
Like myself, President Obama is the father of two daughters. He understands the obstacles that they face as women, but he also understands the emergency of the state of young black men in America.
