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Get the latest news in aviation, food and drink, where to stay and other travel developments. CNN —Due to set sail from Istanbul on November 1, the three-year cruise was meant to be a smooth sail across the globe and into nomadic living for its inhabitants. But with less than two weeks to go before the scheduled departure date, Life at Sea cruises is navigating choppy waters – as it still doesn’t have a ship. Two weeks ago, when asked whether the sale – which had been slated for late September – had gone through, it gave the same response. Meanwhile, some passengers are becoming increasingly concerned about the delays – and what they see as a lack of transparency from Life at Sea cruises.
Persons: , ” Kendra Holmes, , Organizations: CNN, Miray Cruises, Amsterdam Passengers, Cruises Locations: Istanbul, Amsterdam –, , Amsterdam, Freeport, Bahamas
Central bankers face a balance sheet reckoning
  + stars: | 2023-05-26 | by ( Edward Chancellor | ) www.reuters.com   time to read: +7 min
LONDON, May 26 (Reuters Breakingviews) - Central banks’ balance sheets have exploded in size since 2008. That’s not a problem, we’re told, since central banks are not bound by ordinary accounting rules. Ferguson and his colleagues examined fourteen central bank balance sheets over a period of 400 years. Central bank hawks on the other hand, are typically slow to expand their balance sheets during crises. Central banks with weak balance sheets are less credible bastions of a fiat currency.
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