Pamela Dickens's Blog

DOB 12/23/1951 Lives At Arcola, IN 46704

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Contrary to the thrust of much election-season advertising, America's reputation seems to be improving, not receding. In the Nation Brands Index, the United States was the only nation among the top 10 to improve its standing. A lot of this has to do with the American economy. While the United States has emerged sluggishly from the 2008 financial crisis, its recovery is firmly established, and is now more than three years old. The U.S. faces nothing like the 25% unemployment of Spain or the shrinking GDPs of most European nations. "Success is a major dimension of the American brand," as Allen Adamson, managing director of global-branding outfit Landor Associates, told Businessweek.

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The Federal Court ruling on Monday is the first in the world on a rating agency's liability for investors' losses and may have implications for Fitch and Moody's. Judge Jayne Jagot ruled that S&P and ABN Amro, which is now owned by the Royal Bank of Scotland, were liable for advice given and distribution of the derivatives to several Australian local governments.

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