Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/principal-agent problem

“Death and the Penguin”

…equanimity. And there was another, the Principal Friend perhaps, that someone whose bold, sweeping signature approved Viktor’s obelisks [obituaries]. Though whether it was the text he approved or the subject,…

Chinese firms going global

…propelling the country of its status as the “world’s factory”. Cross-border mergers and acquisitions became the principal strategy for global expansion, aimed at acquiring core competencies and minimizing production costs. …

Not Quite What They Say It Is

…including the Saving on a Valuable Education SAVE plan. This includes administrative adjustments to income-driven repayment that brought borrowers closer to forgiveness and addressed longstanding problems due to past inaccuracies…