In the post war period BAE created in collaboration with others many other recognisable products such as the de Havilland Comet (the world’s first commercial airliner) and the Concorde (the first supersonic commercial airliner).
BAE systems are the third largest global defence company with sales exceeding ?15 Billion ($25 Billion), (BAE, 2006)... displayed 300 characters
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The company has an annual research and development budget exceeding ?1.3 Billion which leads to over 100 new inventions per year. BAE are the sixth largest supplier of military equipment to the United States armed forces. British Aerospace’s main rivals are Lockheed Martin and Boeing; both are large American companies which has led to both being the contractor of choice for the US government... displayed next 300 characters
When discount rate is high, banks tend to borrow from other banks. Borrowing from the Fed will increase supply of money in the system while borrowing among commercial banks only redistributes the money but has no change in the amount of money in the system...
The number of commercial banks in operation fell down to 7,598 in the first quarter of 2005, down from 8,129 in 2002. Of the 5,743 state-chartered banks, 919 were members of the Federal Reserve System...
In addition, without the liquidity guarantees put in bank-sponsored conduits, many companies could lose their access to the asset-based market. The author later mentions the good and bad about securitization...
To further this point a fact brought up by Joann was that diseases we have today would be and could have become epidemics, if it were not for technology being there in the field of medicine, medical advances would not have happened or would have come years later (Joann)...
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