.. insiders will always have a big incentive to manipulate markets and to profit on privileged information — and regulators will always struggle to anticipate their strategies. There’s no hope of defeating those efforts if regulators aren’t on the lookout in the first place.
People are unrealistically optimistic about what they will do because they don’t pay enough attention to the costs and burdens involved.
“I would say that there aren’t too many systems that have been designed that can handle a millionfold scaling without completely collapsing. But that doesn’t mean that it will continue to work that way.”
Apollo’s bid for Cooper, hoping to transform itself into the world’s seventh-largest tire maker, was surprising given that the Indian company was a third of the size of its U.S. target. Apollo relied on a hefty debt package for its ambitious attempt.
Under China\’s laws, local governments are not allowed to borrow from banks even though they are responsible for as much as 80 percent of all public spending, but take only around half of fiscal income.
As one of the most prestigious newspapers in the world, the Times is an occasional target among the wealthy — some with unsteady aims.