Yes. my alma mater, where I cut my teeth on finance in the 1960s, is not blameless for its role in sticking public investors with some mighty bad paper that was doomed to lose its value before it was even issued.

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During the debate, Jim Price, head of South View CP School, Crowland, Lincolnshire, argued that the union was not being robust enough in its opposition to the Green Paper.

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True, the British government did not exactly spell things out (its white paper in 1971 said there was no question of losing essential sovereignty), but the European project, with its promise of ever-closer union, always had an overtly political dimension.

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Demand for Anadarko paper appears immune from bad news, but as a contender for a positive ratings change, investors appear willing to keep on adding its paper to their portfolios not withstanding a decline in the price of crude oil ushered in by an announced supply increase in the Middle East over the weekend.

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It makes no more sense to ask why a Lean Startup has not returned its investment in a truly spectacular way than to ask why a student term paper or senior thesis in college is not a Harry Potter level bestseller.

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In a white paper this year, the government argued that Denmark need not shrink its welfare state, provided unemployment could be cut to 5% and debt could be reduced.

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The paper is helpful in highlighting not only the challenges facing Japanese business, but also its strengths in meeting those challenges.

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The numbers all look good on paper, however, Graham does note that an investment in the company is not without its risks.

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