SAUNDERS: WELL THAT'S WHY ALLERGAN AS A STANDALONE COMPANY IS A SPECIAL ASSET, RIGHT.
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The stones that can be blue, pink or green form a special asset class, relying on a consumer passion for something exotic and unusual.
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But in 2016, the central bank conducted a special asset quality review of all banks that determined there were $150 billion of non-performing loans, forcing the RBI to impose lending restrictions on some.
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"If you happen to live in a state with special asset-protection laws, there is nothing stopping you from taking advantage of your own state's laws," said Justin Miller, national wealth strategist at BNY Mellon (and no relation to Joshua Miller).
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Under the guarantee scheme, support for Italian banks will be more limited compared with that enjoyed by lenders in Spain, where the government created a special asset management vehicle or "bad bank" which bought more than 80 billion euros of non-performing loans.
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But in "Our Place" he suggests that leaving the European Union, and the "feudal system" of the Common Agricultural Policy, may help recast Britain's relationship with the natural world, too, prompting his compatriots "to recognise truly that land itself is a unique and special asset".
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Other European countries like Spain and Ireland moved swiftly in the wake of the financial crisis to set up special asset management vehicles - so-called "bad banks" - designed to take soured loans off lenders' balance sheets at knock-down prices and seek to sell them on.
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The new "Star Wars" TV series on Disney Plus ended its first episode with the revelation that our titular Mandalorian bounty hunter was sent on a mission to collect a special "asset": a 50-year-old, unnamed creature who looks just like a baby version of Yoda.
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The takeover was similar to the takeover of North Limited in 2001. Both were subjects of bidding wars and both were large and diversified resource companies with one special world class asset that attracted attention from across the world. In the case of North, that special asset was Robe River Iron, while for Western Mining it was the Olympic Dam copper, gold and uranium deposit. As a result of the takeover, most of the board and the CEO resigned, and were replaced by BHP Billiton appointees.
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The story begins with a scientist, Dr. Yorkshire Bell, noting that dinosaurs once flourished and became extinct when they advanced beyond their ability to adapt to change. Giant mammals, such as the saber-toothed tiger and the mammoth, came and went the same way. Humans, Earth's current dominant life form, had one special asset – intelligence – enabling them to advance further than all creatures before them. Dr. Bell wondered if, one day, humans might advance beyond the point of no return and render themselves extinct.
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It was created in the wake of the financial crisis as part of Citi's restructuring plan. It consists of several business entities including remaining interests in local consumer lending such as OneMain Financial, divestitures such as Smith Barney, and a special asset pool. Citi Holdings represents $156 billion of GAAP assets, or ~8% of Citigroup; 59% represents North American mortgages, 18% operating businesses, 13% special asset pool, and 10% categorized as other. Operating businesses include OneMain Financial ($10B), PrimeRe ($7B), MSSB JV ($8B) and Spain / Greece retail ($4B), less associated loan loss reserves. While Citi Holdings is a mixed bag, its primary objective is to wind down some non-core businesses and reduce assets, and strategically "breaking even" in 2015. On February 27, 2009, Citigroup announced that the U.S. government would take a 36% equity stake in the company by converting US$25 billion in emergency aid into common stock with a United States Treasury credit line of $45 billion to prevent the bankruptcy of the company. The government guaranteed losses on more than $300 billion of troubled assets and injected $20 billion immediately into the company. The salary of the CEO was set at $1 per year and the highest salary of employees was restricted to $500,000.
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In June 2008, Milan bought back Ceccarelli from Internazionale for a nominal fee, Inter made a profit of (€2.49 million) as the club no longer needed to pay for the residual half of the registration rights which already amortized. At the same time Milan write down €2.58 million for the residual value of the player's contract, as the revenue (and profit if any) of sold in was already treated as full registration rights in 2002 and the retained half was treated as a special asset called "co-ownership asset" with a value of €2.58 million. He was then sold to Serie C1 team Hellas Verona on 1 September.
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