
Peter Goodman: His Start-Up May Not Survive Trump’s Tariffs
A sourdough baker turned entrepreneur in North Carolina has delayed his new product as he contemplates the prospect that higher costs will doom his company.…
Thought Leader: Peter Goodman
(Original source Financial Times)
“As I was growing up, my Depression-era parents always preached the importance of having a rainy-day fund to deal with the economic hardships life inevitably throws at you, such as job loss or illness.
Later, as a bank regulator, I valued the similar funds banks set aside to cover losses they would invariably incur on some loans. Unfortunately, in the lead up to the 2008 financial crisis, those funds — called loan loss reserves — were woefully inadequate primarily because of accounting constraints that some bankers rightfully complained about at the time.
But now that accounting standard-setters are trying to improve those rules, industry lobbyists want Congress to help them preserve the status quo.”
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Peter Goodman: His Start-Up May Not Survive Trump’s Tariffs
A sourdough baker turned entrepreneur in North Carolina has delayed his new product as he contemplates the prospect that higher costs will doom his company.…
Thought Leader: Peter Goodman
Tony Abbott calls for stronger action to end ‘pro-Hamas’ protests
Former prime minister Tony Abbott has called for stronger action on antisemitism in the wake of further attacks against the Jewish community, including tougher policing…
Thought Leader: Tony Abbott
Leana Wen: The Doctor Will See You Now. So Will the Lawyer.
Legal aid organizations are helping doctors address social barriers to patients’ health. During my residency training, when I worked shifts in the pediatric emergency department,…
Thought Leader: Leana Wen