by John Tamny · 30 Apr 2016 · 268pp · 74,724 words
911 call from a neighbor who found an out-of-sorts Downey asleep in her eleven-year-old child’s bed. Amid his self-inflicted race to the bottom, Downey couldn’t make movies because the costs involved were too steep. Movies are expensive to make and difficult to finance even for the top
by Michel Aglietta · 23 Oct 2018 · 665pp · 146,542 words
. But this is not enough, for it is also necessary to speculate on what others think each person is thinking. The result is an infinite race to the bottom. No equilibrium price can come about through this infinite game of mirrors that reflect one another to infinity. The most effective way to break open
by Alasdair Gilchrist · 27 Jun 2016
to match or do better. Worse, if the price was the differentiator, the competitor could lower their prices, which results in what is termed a race to the bottom. Selling Light, Not Light Bulbs What the customer ultimately wants the goods for is to provide a service (provide air transportation in the previous example
by Richard Murphy · 14 Sep 2017 · 241pp · 63,981 words
abuse initiatives, like the OECD’s, are going to deliver when the same governments that promoted them are also major participants in the corporation tax race to the bottom. The benefits that tax havens have supplied to the world’s major corporations seem set to continue for the time being, unless some radical changes
…
independent participants in the process. They all lobby to promote their clients’ needs, and in the process are active participants in the regulatory and economic race to the bottom that tax havens facilitate. As a result, it is almost impossible to see tax havens and these large accountancy firms as independent of one another
by John A. Allison · 20 Sep 2012 · 348pp · 99,383 words
Congress. The whole origination market relaxed its standards to compete with Freddie and Fannie. Driven by Freddie and Fannie, the private originators created a competitive race to the bottom as the bubble continued (funded by the Federal Reserve) and it appeared that no matter how low the standards, home loans would not default. Of
by John Cassidy · 10 Nov 2009 · 545pp · 137,789 words
transactions and the high potential fees earned by the winning agency. Originators of structured securities typically chose the agency with the lowest standards, engendering a race to the bottom in terms of rating quality. While the methods used to rate structured securities have rightly come under fire, in my opinion, the business model prevented
by Henry A Kissinger, Eric Schmidt and Daniel Huttenlocher · 2 Nov 2021 · 194pp · 57,434 words
be made by humans alone. In some cases, it will be dictated by AI itself; in others, by auxiliary forces. Humanity may engage in a race to the bottom. As AI automates processes, permits humans to probe vast bodies of data, and organizes and reorganizes the physical and social worlds, advantages may go to
by Richard Murphy · 30 Sep 2015 · 233pp · 71,775 words
to tax might be persuaded to use it to promote a form of competition that is, at the very least, unhealthy and even counterproductive. A race to the bottom in tax that can (and may be intended to) deny government the right to withdraw revenues from the economy, can mean that the scale of
by David G. W. Birch · 14 Apr 2020 · 247pp · 60,543 words
out of foreign currencies with every quarter-point cut or hike in US interest rates. This fosters exchange rate mismatches that fuel risks of a race-to-the-bottom currency war akin to that of the 1930s. In the age of Donald Trump, these tensions have grown more acute as the United States has
by Francis Fukuyama · 20 Mar 2007 · 214pp · 57,614 words
effort to promote reform but as an American attempt to impose its American Exceptionalism own antistatist values on the rest of the world in a "race to the bottom." Much of the drive to Americanize the global economy came out of the private sector and the challenge posed by newly competitive U.S. companies
by Michael Peel · 1 Jan 2009 · 241pp · 83,523 words
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