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The Data Says Climate Change Could Cost Investors Trillions

Harvard Business

An important new study , published in the journal Nature Climate Change, says that climate change will be expensive. These so-called “stranded assets,” sitting on petro-company balance sheets, are essentially worthless. Will that asset be operational or retain its value over the normal depreciation period?

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Laughable Eurozone Banking "Non-Union"; Expect Disorderly Breakup

MishTalk

A Financial Times analysis of the full banking union resolution process for a lender operating in three countries reveals the labyrinthine procedure that would still be required to wind up a bank. 12 and seen by The Wall Street Journal, was described by German officials as reiterating Berlin''s concerns expressed in recent talks.

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