Retrieved 29 May In the Enron accounting scandal , the company’s ratings remained at investment grade until four days before bankruptcy—though Enron’s stock had been in sharp decline for several months [95] [96] —when «the outlines of its fraudulent practices» were first revealed. The Department of Justice has started investigating the credit rating agencies for their role in the mortgage-backed securities that collapsed in
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Fees and commissions comprise the bulk of many travel agencies’ revenues. Travel agencies earn money from the clients they serve and the travel vendors they market. How that is proportioned depends on a number of factors: the types of travel they handle, the types of clients they serve and the level of expertise they can offer. The rise of Internet channels for booking — making obsolete the need for the average person to pick up the phone to book a basic flight, for example — has significantly changed the role of many agents and, in turn, their revenue streams. Travel agents often earn commissions from travel vendors they book for their clients, though this is a much agenceis portion of their revenue than it once .
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You make money by booking your models on jobs. It would be VERY difficult to break into the LA market as you would be competing against so many well-known, established agencies who already have a strong client base. Bookings in LA are down because you have fewer designers doing fashion shows in this economy, magazines are folding every month, and advertisers have cut way back on their budgets, shooting fewer campaigns each year. You also need to be a licensed talent agent, which will cost money, in addition to renting office space, hiring staff, phone and internet bills, insurance, marketing materials, and networking before you will get any paid work. As a new agency, you will probably have to offer your models on comp jobs for several months to even get your name out there, meaning no money for you or your models. If you are willing to step outside the box and open your mind to new marketplaces and new demographics, then a weakened economy can be a great place to start. As established magazines fold, new grass roots ones pop up.
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Credit ratings affect even private transactions: contracts may contain triggers that require the posting of collateral or immediate repayment, should a security or entity be downgraded. Today [] expressions of concern about rating performance — how good the rating agencies are at their business — have become the norm. Litan, eds. The market also follows the jow from ratings that result from government regulations see belowwhich often prohibit financial institutions from purchasing securities rated below a certain level. Any missed payments or defaults on loans negatively impact the rating. February These agencies rated how do ratings agencies make money ability of merchants to pay their debts and consolidated these ratings in published guides.
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