Investment Week (April 1)
“Some of the world’s largest investment banks and a major credit ratings agency have upped their expectations of a recession in the US and globally as trade war woes loom large.” U.S. President Donald Trump “is expected to unveil sweeping tariffs on major trading partners on Wednesday.”
Tags: Credit ratings agency, Expectations, Globally, Investment banks, Loom, Major, Recession, Sweeping, Trade war, Trading partners, Trump, U.S., Woes, World
Businessweek (April 23, 2013)
Credit ratings agency Standard & Poor’s (S&P) is trying to dismiss a fraud suit being filed by the U.S. Department of Justice. Both “outrageous” and “even insulting,” S&P’s defense asserts “S&P cannot be held liable for its prolific claims of integrity and analytic skill because those boasts were the sort of baloney that investors and the wider public never take seriously in the first place… In other words: Only a sap would believe the nice things we say about our work.”
