Sunday, December 22

Tag: PRO

Georgia-Pacific Ruling Reinvigorates Texas Two-Step
23Jun By adminNo Comments
World

Georgia-Pacific Ruling Reinvigorates Texas Two-Step

Just as the Texas Two-Step looked to be on the ropes, a federal appeals court showed the controversial tactic still has legs.  The Fourth Circuit Court of Appeals earlier this week signaled strong approval for Georgia-Pacific’s strategy of settling mass asbestos claims through the chapter 11 case of its affiliate Bestwall, the first of the current breed of Texas Two-Step bankruptcies. Bestwall filed for chapter 11 in 2017 in North Carolina and has since been locked in a standoff with asbestos-injury claimants who are determined...
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Ousting of Lowe Will Raise Questions About RBA Independence
23Jun By adminNo Comments
World

Ousting of Lowe Will Raise Questions About RBA Independence

SYDNEY—Reserve Bank of Australia Gov. Philip Lowe looks likely to be unceremoniously removed from his job next month amid a new and worrying era of political pressure being exerted on the setting of interest rates, and growing doubts about the cherished independence of the central bank in the future. Treasurer Jim Chalmers said this week he will appoint the next governor in July, with the announcement coming just ahead of a list of potential candidates for the RBA’s top job leaked to national newspapers. Those...
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RBA Deputy Governor Spells Out Why Higher Unemployment Is Needed
19Jun By adminNo Comments
World

RBA Deputy Governor Spells Out Why Higher Unemployment Is Needed

SYDNEY—Employment in Australia is currently above the levels that are consistent with inflation falling back to target, Reserve Bank of Australia Deputy Gov. Michele Bullock said Tuesday. In a speech to a business forum, Ms. Bullock laid out the case for why the unemployment rate will have to rise from its current 50-year lows if the inflation rate is to return to the target range of 2% to 3% over the coming years. “Employment...
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