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* 2025 Budget Proposal The goal of the 2025 budget proposal is to promote a dynamic economy and stabilize the livelihoods of working- and middle-class Koreans. 2025 Budget Proposal I. [...]

Before the global financial crisis, borrowers could easily source bank debt at loan-to-value (LTV) ratios of up to 75%, including senior debt in the 60% to 65% LTV range. But [...]

International social alliances--in which multinational enterprises (MNEs) and social enterprises (SEs) collaborate--are a vital source for the development and scaling up social innovations for value creation. Yet, these alliances face significant legitimacy challenges, which are more glaring in bottom-of-the-pyramid markets (BOPMs) within emerging and developing economies owing to weak and underdeveloped formal institutions. Drawing on the legitimacy, institutional, and social alliances literature, we develop a conceptual framework that explains the importance of developing social, institutional, and commercial legitimacy in international social alliances operating in BOPMs. We also explored the challenges faced by international social alliances in BOPMs and the factors that enable MNEs and SEs to build different types of legitimacy. We contribute to international business research by providing an understanding of various legitimacy building strategies enacted by international social alliances based in BOPMs for social value creation. Keywords International social alliances * Networks * Legitimacy * Institutional voids * Social innovation * Bottom of the pyramid markets * Emerging markets, 1 Introduction There has been an increasing scholarly interest in examining social innovation and how it is enacted across different contexts (Adomako & Tran, 2022; Arranz et al., 2020; Dionisio [...]

THE 5 P.M. MASS ON A RECENT SUNDAY found Isela Castro selling beef nachos at Our Lady of Guadalupe, a Jesuit parish in San Diego. Castro cooked the nachos in [...]

INVESTING COVER STORY / Investing WE CHECK IN ON EMERGING MARKETS KIPLINGER 25 UPDATE BY NELLIE S. HUANG A debt crisis is brewing in Africa. The continent’s debt obligations—which topped [...]

The national debt has blown past $35 trillion, and it's only going to go up under Trump or Harris. Left unchecked, unsustainable deficits will slow GDP growth, decrease savings, and [...]

Byline: Moneylife Digital Team Investigating a bank fraud case, the Nagpur sub-zonal office of the directorate of enforcement (ED) has attached assets worth Rs503.16 crore belonging to Corporate Power Ltd, [...]

IN THIS ISSUE For-profit social housing and its uneasy part in delivering homes for Britain By Olivia Gagan Social Housing Funding Who owns social housing in the UK? Most likely, [...]

In This Issue / Investment strategy Guru watch Ray Dalio, founder, Bridgewater Associates China needs to implement a “beautiful deleveraging” strategy alongside recent stimulus measures to prevent a debt crisis, [...]

The video opens with the voice of a child. 'Since the beginning, we've changed things,' she says. 'It's in our genes. It's what makes us human.' The viewer zooms through [...]

IN THIS ISSUE THE DISPATCH [I.News, views & miscellany] AUTUMN BUDGET Real change or austerity 2.0? Here’s how Labour can deliver a transformative budget that works for everyone By Lottie [...]

A debt crisis is brewing in Africa. The continent's debt obligations which topped $1 trillion at the end of 2023 could compromise future economic growth, according to the African Development [...]

IN THIS ISSUE / a–z of banknotes of the world Turkey With their colourful designs and an interesting historical background, Turkish notes make for a fascinating collecting area, writes Jonathan [...]

IN THIS ISSUE / a–z of banknotes of the world Turkey With their colourful designs and an interesting historical background, Turkish notes make for a fascinating collecting area, writes Jonathan [...]

China's bond traders are still piling into the safe-haven asset, despite recent stimulus efforts. The 30-year government bond yield hit its lowest since 2005 last week, and fell again Monday [...]

This story is part of a Prospect series called (https://prospect.org/topics/rollups/) Rollups, looking at obscure markets that have been rolled up by under-the-radar monopolies. If you know of a rollup like [...]

Texas Capital Bank Private Wealth Advisors and the Texas Capital Funds Trust announced the launch of the Texas Capital Government Money Market ETF. This ETF will hold highly liquid, short-term [...]

A few days ago, a new initiative promoted by Prime Minister Netanyahu was announced - removing 200 shekel bills from circulation, as a first step to abolish cash altogether within [...]

TLDR: Canada’s central bank is shifting focus away from retail CBDC development The bank is now prioritizing broader payments system research and policy Public consultation revealed privacy concerns and low [...]

Byline: Simon Harvey The markets for plant-based meat alternatives in Europe are seemingly shifting to a new phase of development but can the category ever compete on a level playing [...]

In This Issue / Analysis The uncertain future of banking High-street banks are struggling to grow, but their digital rivals still have much to prove, says Bruce Packard The interest [...]

Byline: Sean Michael Newhouse In the wake of last year's wildfires on the island of Maui, one moment that stuck with Rep. Jill Tokuda, D-Hawaii, about the federal government's response [...]

Fifth Third Bancorp on August 28 reported that its subsidiary, Fifth Third Bank, National Association (the Bank), has submitted a redemption notice to the issuing and paying agent for redemption [...]

The US national debt hit an all-time high of $35 trillion. Expect a steepening yield curve as the US government refinances its debt at higher rates. Xponance portfolio manager Charles [...]

Aruba's fiscal position will improve materially in 2024-25 as new taxes and steady tourism receipts drive revenue growth. Aruba reached a milestone in 2023, when the government's financial balance (the [...]

INVESTING COVER STORY / INVESTING THE KIPLINGER ETF 20 IN AN OCEAN OF CHOICES, THESE ETFs ARE OUR FAVORITES Use our guide to navigate the fast-growing expanse of exchange-traded funds. [...]

After a difficult year for the property sector in which it continued to be battered by high interest rates and construction costs, 2024 has already started on a more positive [...]

CASE AT A GLANCE This case will be the fourth time the Supreme Court has addressed the right to confrontation when dealing with expert testimony about forensic testing and analysis. The last time, in Williams v. Illinois, 567 U.S. 50 (2012), a 4-1-4 plurality opinion caused uncertainty in the lower federal and state courts. Much of the uncertainty is over a neverending question for hearsay and Confrontation Clause analysis-what is 'testimonial' hearsay under the Confrontation Clause, one issue this case may address in the context of testimony about forensic analysis. The Court accepted certiorari on one question, which may present several subsidiary issues: whether the Confrontation Clause permits the prosecution to introduce testimonial statements of a nontestifying forensic analyst through the in-court testimony of a supervisor or other person who did not perform or observe the laboratory analysis described in the statements., Facts Early one morning in December 2019, multiple law enforcement officers of the Yuma County Narcotics Force arrived with a search warrant at Jason Smith's father's property. On this land [...]

1. INTRODUCTION It is said that the only things we can be certain of in this world are death and taxes. Perhaps so. But I'm inclined to add technological change [...]

The Death of Public School: How Conservatives Won the War Over Education in America By CARA FITZPATRICK Basic Books, 384 pages IN 1955, economics Nobel laureate Milton Friedman published his [...]

LAST MARCH, SILICON Valley Bank collapsed after enduring bank runs that, at their height, drained $42 billion in reserves over 24 hours. Two days later, Signature Bank of New York [...]

By Lottie EltonBig Issue Reporter When the University of Lincoln (UoL) was established, pundits described it as “the best thing to happen to the city since the Romans”. It’s a [...]

Bitcoin’s adoption by Wall St. is dangerous. Free trade and free markets don’t exist. A lot like Santa and The Easter Bunny. They are all nice stories, but none of [...]

The education system in Pakistan has faced numerous challenges over the years, leading to a continuous decline in its standards. Education is a fundamental right and a crucial element for [...]

A mission by the Chinese government to launch the first 18 satellites of the G60/Qianfan constellation comes with massive funding that surpassed the $1 billion mark, according to Blaine Curcio, [...]

TLDR BlackRock’s tokenized BUIDL fund has paid $7 million in dividends since March 2024 BUIDL’s monthly dividend payouts have increased each month, reaching $2.12 million in July The fund has [...]

IN THIS ISSUE / Interview Catalysing resilience Principal landscape architect at Botanic Gardens and Parks Authority Bel Foster sees first-hand how polyphagous shot-hole borers damage trees across Boorloo/Perth. She outlines [...]

This article appears in the (https://prospect.org/topics/aug-2024-issue/) August 2024 issue of The American Prospect magazine. (http://www.prospect.org/api/pv/EzI2nGgeY2k4uFOU7wlq3S0OpkIkdFgQakcMVvrcaDmJeflyCPNXySUaAeajz9zJ/++/api/pv/EzI2nGgeY2k4uFOU7wlq3S0OpkIkdFgQakcMVvrcaDmJeflyCPNXySUaAeajz9zJ/++/api/pv/nXnNVQrFDli5jQznFFwkrIXlyZY1UmJW5pmSCPMjOtUgNGqvGm04ZPKauva6DPPD/++/subscribe) Subscribe here. The great social justice movements of the mid-20th century were all built on [...]

Three famed 'Big Short' investors say gold remains a top long-term bet. Danny Moses, Porter Collins, and Vincent Daniel went on CNBC to explain why they're bullish. They cite rising [...]

In This Issue / Companies Profit from the push for growth Mercia Asset Management helps the government funds smaller companies in Britain’s regions Rupert HargreavesInvestment columnist The Labour Party is [...]

Pembina Pipeline Corp. reported that it completed the previously announced redemption of $150 million aggregate principal amount (the Subject Notes) of its outstanding $300 million aggregate principal amount of senior [...]

This article will appear in the (http://https://prospect.org/topics/aug-2024-issue/) August 2024 issue of The American Prospect magazine and was written before the July 13th assassination attempt on former President Trump. The full [...]