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CAPITOL RETURN: JUST ONE DAY — DUCKWORTH IS IN FOR 2022 — LIGHTFOOT, THE OUTSIDER — DCCC s POLICY CHANGE
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Davy crisis: Firm shuts bond desk, says no one linked to controversial deal is still at firm NTMA earlier pulled Davy’s ability to act as primary dealer of Government bonds
Tue, Mar 9, 2021, 04:45 Updated: Tue, Mar 9, 2021, 19:47
Davy said on Monday evening that it had closed its bond desk, resulting in four redundancies, as it raced to contain a growing crisis triggered by a €4.1 million Central Bank fine and rebuke over breaches of market rules in relation to a 2014 bond deal.
The brokerage said that, following the move, none of the 16 individuals involved in the controversial trade was working for the firm.
Pentagon Announces Nominees to Lead INDO-PACOM, Pacific Fleet
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How can the Pentagon keep pace with Chinese defense modernization amid expected flat budgets? One answer being floated is: “Divest legacy equipment to fund innovative solutions. Public proponents of this approach include two Joint Chiefs, Congress, and the new administration.
But divestment can be unexpectedly difficult. Often the best-laid plans fail in the face of Congressional opposition linked to loss of jobs.
It’s also complicated. Assigning equipment to the legacy category requires agreement on the character, location and type of future conflict. On this topic, even professionals disagree.
And, crucially, timing is always iffy. “Innovative solutions” may not be operational as soon as the planners and strategists anticipate or desire. If you’ve already jettisoned your legacy equipment and the innovative alternative is not yet ready for prime time, you’ve left yourself wide open.
PBS Airdate: February 6, 2007
NARRATOR: 1939: A chemist at a midwestern paint company makes a startling discovery, one that could improve the health of millions of people. The company wants him to stick to making paint, but this man has always gone his own way. He was the grandson of Alabama slaves, yet he went on to become one of America s great scientists.
HELEN PRINTY (Julian Laboratories Chemist) : He had to fight to overcome the odds of being a black man in America.
JOHN KENLY SMITH (Historian) : The chemical world was a club, and outsiders were not really all that welcome.
PETER WALTON (Julian Laboratories Employee) : We lived, for the most part, in a highly stressed, very competitive environment.
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