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Blankfein, who's been Goldman CEO since 2006, steered it through the fallout of the global financial crisis of 2007-2008. He said the experience had taught him to accept that the worst thing you can imagine will inevitably happen.
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So we’ve seen this movie before – it’s Groundhog Day with knives. Just two weeks away is another self-destructive milestone: the need to raise the debt ceiling or risk defaulting on interest payments on the U.S. debt. While refusing to raise the debt ceiling might sound on the surface like a stand for fiscal responsibility, it is the equivalent of refusing to pay a credit card bill and then expecting praise for reigning in spending. When we came to the brink in 2011, the USA lost its AAA credit rating from S&P and the stunt cost taxpayers nearly $18 billion dollars.
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Icahn, a 77-year old billionaire, said in a filing with the U.S. Securities and Exchange Commission that he intended to talk with Talisman's management to discuss strategic alternatives for the company, include asset sales or restructuring. He may also seek a board seat, according to the filing.
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"There is a small negative risk to the downside for the euroas the ECB is likely to sound quite dovish in its pressconference, although we don't expect much in terms of policyaction today," said Adam Cole, global head of FX strategy at RBCCapital Markets.