| At 18 times historical earnings the FTSE, in my opinion, is still cheap in absolute terms. |
| The life insurers are the walking wounded of this three-year bear market, because their earnings are linked to their stock market investments. |
| Fourth and last, slot players can hit the jackpot while in the hole, or with modest enough earnings that they have no incentives to stop. |
| For the economy, this means among other things, negative effects on earnings, employment and revenue accruals to the treasury. |
| My entitlement is based on my earnings two years ago when I was earning a good wage. |
| The dotcom era of the late 90s saw some of the worst abusers of pro-forma earnings manipulations. |
