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China Faces "Minsky Moment" on Ponzi Financing

MishTalk

s 26% in 2000-2005. Work by Nomura’s Chief China Economist indicates that more than half of Local Government Funding Vehicles, which borrow money on behalf of local governments to invest in infrastructure, have insufficient cash flows to pay interest or principal; the exact manifestation of Minsky’s Ponzi finance regime.

Finance 75
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The Comprehensive Business Case for Sustainability

Harvard Business

Redesigning products to meet environmental standards or social needs offers new business opportunities. In 2005, they launched a U.S. Wal-Mart, for example, aimed to double fleet efficiency between 2005 and 2015 through better routing, truck loading, driver training, and advanced technologies. Fostering innovation.

Study 28
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Shockingly Bad Fiscal Health of Chicago (and the Financial Engineering Chicago Uses to Hide that Fact)

MishTalk

The fund also includes tax increment financing revenues that flow to projects in designated TIF districts. The Chicago Skyway reserve funds were established in 2005 in the amount of $975 million. Chicago used interest rate swaps on its 2003, 2005, 2007, and 2009 bond deals, apparently as part of a synthetic fixed rate strategy. (