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If group of lenders has any prospect of getting its proposal to fly, some of its big numbers will have to look very differentThames Water creditors offer up £5bn as part of emergency turnaround planIf you would kindly rip up the regulatory system, move the goalposts on sewage and spills and promise not to fine us too much, we'd be delighted to rescue Thames Water. If these requests cause you political difficulty, dear secretary of state, consider how much worse it could be if you end up controlling this failing company yourself. Do you really wish to be responsible for every burst water main in London and every drop of effluent in Didcot?That seems to be the pitch from the 100-plus group of lenders to Thames Water who are now the only game in town in terms of a “market-led” recapitalisation, the alternative to special administration, AKA temporary nationalisation. Continue reading......

Saudi Arabia and other members of the OPEC Plus group accelerated their program to put more oil on the market, adding to a sharp fall in prices....

SOUTH PORTLAND, Maine, Nov. 18, 2024 /PRNewswire/ -- The Council for Disability Income Awareness (CDIA) proudly announces that The Plus Group, Inc.® has joined as a new member firm. This partnership marks the first time a coalition of independent Brokerage General Agencies (BGAs) has......

Nearly 1-In-3 Americans Earning Over $150,000 Worry About Making Ends Meet: Fed Report Authored by Naveen Athrappully via The Epoch Times, Americans in upper-income groups are concerned about their ability to pay bills, with more than 15 percent of this demographic taking up additional jobs over the past year, according to a survey by the Federal Reserve Bank of Philadelphia. As of April 2024, 32.5 percent of respondents earning over $150,000 annually were worried about making ends meet over the next six months, up from 21.7 percent in April of last year, the June survey showed. This percentage is higher than for those in the income groups of $100,000 to $149,999, $70,000 to $99,999, and $40,000 to $69,999. Only individuals who earned less than $40,000, the lowest income group, were more worried than the $150,000-plus group. Among all income levels, the percentage of people anxious about their ability to pay bills was higher in April 2024 compared to a year ago. The share of respondents concer...