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How will the story stack up against the greatest films about business?There are over 87,000 different drink combinations at Starbucks, according to the coffee retailer’s website. From flu remedies to Harry Potter-inspired beverages, we highlight the weird and the wonderful brews and infusions.I received an illiterate letter from a junior staff member at a credit insurer asking for a preposterous list of highly confidential financial material.Now bear in mind that the company subject to the buyout was a consumer business and does not use credit insurance, since it sells for cash.And it’s great for sermon illustrations, as you will soon see…A recent episode caught my attention – “History Is a Battle between Creditors and Debtors” – in which the hosts discuss how the kind of tension that exists between say, Greece and the Euro-Zone, or the US and China, or you and Capitol One, has always been a major factor in world history.They tend not to offer just credit insurance, but carry out activities associated with it, such as debt collecting and checks on credit-worthiness.
Another substantial retail company I held shares in was not so lucky.
At times, certain industries are almost abandoned by the credit insurers, because of widespread insolvencies.
This has happened in the IT reseller market, where only one underwriter has a dominant share.
But the credit insurer suggested some of our suppliers had their debts insured, and so if we wanted to continue to use them we needed to reveal our innermost financial secrets.
Of course, they promised not to pass any of this on.