US avoids debt default as borrowing bill passes

US avoids debt default as borrowing bill passes

The quick action in the Senate on the debt contrasts with the lengthy showdowns last year and in 2012, when Republicans tried to use the critically necessary measure as leverage to win concessions from Obama. The relatively smooth passage comes as most members of Congress face elections in November. Republicans have been less confrontational after…

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A flush is valued above finishes

A flush is valued above finishes

This may seem obvious to anyone with a noxious loo. But it is not obvious to developers. “They need to think more about the management of the building and not just the marble in the lifts,” says King, innocent of the fact that £3000 per square metre is being spent on the finishes in the…

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Quintain toasts London Designer Outlet success

Quintain toasts London Designer Outlet success

“It has proved very successful with the local catchment area,” said finance director Richard Stearn. “Now we are broadening the marketing out further.” He said the outlet centre was now 87% let with some three quarters of the stores open  for business. Recent openings include LK Bennett, The Body Shop and Rockport. New leases include…

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Quarterly reporting — Just a distraction

Quarterly reporting — Just a distraction?

Now the Generation Foundation — the advocacy part of Generation Investment Management — has produced a detailed study that comes down even harder against too-frequent reporting. It says that issuing regular short-term earnings guidance could actually be damaging for the business by undermining corporate performance in the longer term. “There is a strongly held belief…

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Corruption costs European economy 120 billion euros a year

10 Fitness Rules Every Man Should Break

Fitness instructors love January. The New Year heralds in a procession of guilt-ridden, turkey-weight-carrying slobs making their annual

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    Arise!

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    Art Galleries Face Pressure to Fund Museum Shows – New York Times

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