David Jones
David Jones
Twentieth-century British Modernist poet and painter who is best remembered for his long poem "The Anathemata." His other works include "In Parenthesis" and "Cara Wallia Derelicta."
ProfessionPoet
Date of Birth1 November 1895
You don't really know what to do in that situation.
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The decision to proceed with the charges was made solely by the SFO. We have undertaken a detailed and comprehensive investigation and believe that the defendants should answer the charges.
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The decision to proceed with the charges was made solely by the SFO,
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The Serious Fraud Office has a duty to record and consider reports of possible overseas corruption involving U.K. persons or U.K. corporate entities. This is a standard preliminary process in such situations to consider whether closer inspection in the U.K. is appropriate and, if so, by which regulatory authority.
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The simple fact is this: a lot of global investors have been making big bets on equities around the world. Now they're pulling back, ... They're worrying about a riskier world, particularly about difficulties in Asia.
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I don't know if it will improve at all. The great number of people will just need a counseling session, get a certificate and file bankruptcy.
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In the short-term, sentiment is probably quite negative for the U.S. dollar. The one thing to watch for the U.S. dollar going forward is what happens in China.
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Investors are asking if the emperor has clothes. Once they spin off Palm, they are stuck with businesses that are low-growth and low-margin. Investors want to know what this company is going to do for an encore.
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I'm surprised he won. He's just punching it out there.
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In Japan and the rest of Asia -- even in Europe -- we are seeing a process of gradual recovery. That is bad news for the dollar and it has started the dollar down. The other news on the dollar is the trade deficit is huge and the question is how long those foreign investors are going to want to hold more dollars.
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In a sense the dye is cast by this Asian crisis. We have a party until the end of the year in the stock market and in the economy. But we need to sober up next year.
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These numbers suggest the Fed is not done tightening for this cycle, if not in August, then later in the year,
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The feeling from Greenspan's point of view is that you don't want a pure academic for this post because that person may not have enough political savvy and enough market sense.
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The Fed chairmanship is not the kind of job where you want to surprise everyone with your choice of a total unknown. You don't want to surprise Wall Street.