After going back into the field in 2010 to follow up on earlier research with very poor people in the US the Johns Hopkins University professor was staggered when interviews with families revealed that the "poorest of the poor" were often surviving with "no visible means of cash income" whatsoever.
In times of drought and food shortage, increased off-take is obligatory to meet the household's demand for food for two reasons: (1) grain is the most important source of food in domestic economy; and (2) animal sales realize some economic return from drought-caused livestock losses that might generate no cash flow whatsoever.
"I don't think it will make any difference," said Keith M. Howe, a finance professor at DePaul University in Chicago, "because there is no difference whatsoever in cash flows".
"We have generations of young people now entering the economy who have never used cash, and see no reason whatsoever to start using cash at all," he went on.
But, ultimately: "There are no indications whatsoever that President Blatter was responsible for a cash flow to Havelange, Teixeira or Leoz, or that he himself received any payments from the ISL Group, even in the form of hidden kickback payments".
Specifically, the liquidity measures were designed to ensure that the holding company could meet its expected cash outflows in a stressed environment without any access to unsecured funding whatsoever for a period of at least one full year.
Where the proof of guilt is strong, they will settle with prosecutors for some cash and promises to do better, but always demand that the settlement include no admission whatsoever of wrongdoing.
Such a move, Turner said, "would make it extremely difficult, if not impossible, for our offer to have any chance whatsoever". Turner declined to comment on whether he would up his own non-cash offer to counter CBS.
If you thought the Pink Panther franchise had run out of ideas in the 60s, this astonishing cash-in, made two years after star Peter Sellers's death in 1980, contains absolutely no original material whatsoever.
