Finance
Spacs and other fads of high finance
A selected organisational innovation of the previous has been resurrected just lately, particularly, the particular objective acquisition firm (Spac)
Subjects
finance sector
The metamorphosis of the world of finance resembles the magical world of Gabriel García Márquez. In his One Hundred Years of Solitude, Marquez narrates the story of Gypsies bringing miracles and magic to his fictional hometown of Macondo. When two such miracles — the magnifying glass and the alchemy equipment — have been utilized by José Arcadio Buendía, the lead character within the novel, the outcomes on the bottom have been devastating.
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First Printed: Tue, July 26 2022. 23:32 IST