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The TED spread measures the difference between an interest rate that banks charge when lending to each other (the London Interbank Offered Rate, or LIBOR) and the interest rate on U.S. Treasury bills. Because the Treasury is assumed to be "risk-free," the difference between it and LIBOR measures the perceived relative risk of lending to banks. First of all, the mortgage brokers and commercial banks that made and funded these loans quickly sold them off and no longer had any responsibility for them.
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I. INTRODUCTION II. THE CRTC FORBEARANCE PROCEEDINGS A. Local Telephone Service B. VoIP Forbearance III. THE PARTIES A. Industry Participants B. Telec...
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TO HEAR Verizon New Jersey tell it, state rules that govern its business are restrictive and anachronistic. In the modern-day Indy 500 that is the cable and telecommunications industry, the company is stuck riding a horse and buggy while its competitors zoom by in shiny new sports cars. And so the company is lobbying aggressively for S-2664, a deregulation bill that is speed-racing through the Legislature.
The company has a point. But this ill-considered legislation goes too far too quickly and could leave citizens choking in the dust.
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Deregulation refers to the deletion, abandonment, or relaxation of various laws, rules, and regulations that affect business and indu...
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, by Mary M Timney, is reviewed.
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It may come as a shock to those who have come to believe that insurers have always sought deregulation that the National Association of Independent Insurers (NAII) led the defense of rate and farm regulation under the McCarran-Ferguson Act. As chair of the Council of Economic Advisors, Alan Greenspan created a task force on deregulation that drafted a bill to amend McCarran-Ferguson. The amendments would have prohibited the states from regulating rates or forms. The flaw in Greenspan's thinking has undermined the strength of the economic system. Greenspan's deregulation efforts littered the investment holdings of the greatest insurers -- whether the vagaries of insurance accounting report it or not, with little bundles of contagion. At present, the proposal seems focused on life insuran...
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"It was certainly one of the hardest choices that I've ever made," explained Fernando Aguirre. He'd raised his family and bui...
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Two state senators this week suggested spinning off Baltimore Gas and Electric Co. as a condition of the Constellation and Exelon merger currently under consideration by the Maryland Public Service Commission.
The move, long pushed by the senators, would effectively reverse the electricity deregulation passed more than a decade ago.
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KYIV, Ukraine, May 31, 2011 /PRNewswire/ -- The first and main stage of work on deregulation of the economy of Ukraine, namely the simplified permitting, licensing and procedural bureaucracy, will be completed before the end of the year, said the first Vice Premier, Minister of Economic Development and Trade of Ukraine, Andriy Klyuev in his interview with Ukrainian weekly Dzerkalo Tyzhnya.
According to Minister Klyuev, Ukraine made significant steps to simplify the permitting system for businesses. First of all, the government introduced the declarative principle for certain types of businesses. The number of permits required for business operation was reduced from more than 200 to 134. In addition, the number of required service licenses decreased by 90 percent (to 222 from 2268) and o...