financializer news A weblog highlighting financial topics making news in the international media.

chinese: Most of them were Chinese workers who were paid less for their labor than their European counterparts, according to CNN. Chinese migrants worked in the Sierra foothills for the Central Pacific Railroad. context Image Object name Chinese migrants worked in the Sierra foothills for the Central Pacific Chinese migrants worked in the Sierra foothills for the Central Pacific Railroad. url For years, railroad workers were largely overlooked in memorial events marking the railroad's completion. Thousands of workers from a variety of ethnic and cultural backgrounds labored in grueling terrain and conditions to connect the Atlantic and Pacific. This year, however, their contributions and descendents are more visible than ever in 150th anniversary celebrations. The Champagne Photo is among the most memorable images from the Golden Spike Ceremony. context Image Object name The Champagne Photo is among the most memorable images from the Golden Spike Ceremony. description The Champagne Photo is among the most memorable images from the Golden Spike Ceremony. url The Transcontinental Railroad was a tremendous feat of engineering, innovation and manpower that was key to unleashing the economic prosperity of the United States for generations, US Secretary of Transportation Elaine Chao, whose parents are of Chinese descent, said Friday in a reenactment of the ceremony at Golden Spike National Historic Park in Promontory, Utah. Friday marked the sesquicentennial of the Golden Spike Ceremony on May 10, 1869, in what was then Utah Territory where the Central Pacific and Union Pacific Railroads were joined. (news.financializer.com). As reported in the news.

hard-to-find items: For weeks, Cubans have complained of empty store shelves and fights have broken out in state-run markets when chicken and other hard-to-find items go on sale, according to CNN. The government blames the shortage on the hardline taken by the Trump administration on the island's government for its support of the regime of Nicolas Maduro in Venezuela. Cubans will face regulations on the purchase of chicken, eggs, sausages, and cleaning and hygiene products, the state-run website Cubadebate reported Friday. The supply of oil coming from Venezuela to Cuba has been waning in recent months as the Maduro government deals with US sanctions and an imploding economy. Part of the sanctions includes the enforcement of Title III of the Helms-Burton Act, or Libertad Act. Trump administration targets so-called 'troika of tyranny' with wave of new sanctions The Trump administration announced the new sanctions in April against what US National Security Adviser John Bolton calls the troika of tyranny Cuba, Venezuela and Nicaragua. (news.financializer.com). As reported in the news.

private-client assets: UBS was the fifth largest U.S. wealth management firm, with around 601 billion in private-client assets under management in 2018, according to Barron's, according to Market Watch. The spreads on emerging market bonds have remained resilient even as trade tensions have escalated, a testament to their solid fundaments, but the spreads are likely to widen if additional tariffs increase growth concerns, Haefele wrote. In a late Thursday note, Mark Haefele, chief investment officer for UBS Global Wealth Management, said the firm was dropping its overweight positions in emerging market hard currency bonds versus U.S. government bonds. In contrast, U.S. Treasury bond yields are likely to fall in that scenario. Yields and bond prices move in opposite directions. This adjustment reduces some risk in the portfolio without giving up much upside if a trade agreement is reached. (news.financializer.com). As reported in the news.

week: This week marked choppy trading sessions for the market with a low start yet a slightly high ending, according to Global Times China. On Friday, the three major indexes ended slightly higher, cutting all their daily losses and closing out the week positively, as the market paid close attention to the development of global trade. In the week ending May 10, the Dow fell 2.13 percent, the S&P 500 was down 2.19 percent, and the Nasdaq lost 3.05 percent. Friday began with a disappointing note yet turned to green in the tally around market close. The S&P 500 rose 0.37 percent to 2,881.40. The Dow increased 0.44 percent to 25,942.37. (news.financializer.com). As reported in the news.

spaceport america: He declined to set a specific deadline for the first commercial flight, according to The Japan Times. An interior cabin for the company's space rocket is being tested, and pilots and engineers are among the employees relocating from California to New Mexico. Branson said Friday at a news conference that Virgin Galactic's development and testing program has advanced enough to make the move to the custom-tailored hangar and runway at the taxpayer-financed Spaceport America facility near the town of Truth or Consequences. ; Virgin Galactic CEO George Whitesides said a small number of flight tests are pending. The move to New Mexico puts the company in the home stretch, Whitesides said. Taxpayers invested over 200 million in Spaceport America after Branson and then-Gov. The manufacturing of the space vehicles by a sister enterprise, The Spaceship Company, will remain based in the community of Mojave, California. (news.financializer.com). As reported in the news.

stimulus fades: The consumer is really healthy and that's key to the U.S. economy, Aaron Clark, portfolio manager at GW&K Investment Management told Market Watch, according to Market Watch. There's strong job growth, wealth creation with stocks and real estate, and broad-based wage strength, making this one of the better environments for the consumer in a long time. As corporate tax-cut stimulus fades and the market continues to digest higher interest rates imposed last year, persistent job growth and wage gains are key to sustaining the current market rally, and pushing the S&P 500 SPX, 0.37% and Nasdaq Composite Index COMP, 0.08% above all-time highs notched in April, investors and strategists said. Over the past three months, the U.S. economy created 169,000 jobs a month, on average. Federal Reserve Bank of St. While that number has trended down since January, it is still high enough to put downward pressure on the unemployment rate, and theoretically keep wage growth trending higher. (news.financializer.com). As reported in the news.

term china: The 11th round of trade talks between China and the US wrapped up in Washington in the early morning on Saturday Beijing time, according to Global Times China. It is normal that we have small twists and turns during talks. The Chinese economy remains resilient over the medium and long term and China is not afraid, said Liu. It's inevitable, Liu said, telling reporters after the negotiation that both sides have clarified their stands and discussed the content of their next negotiation. Neither China nor the Chinese people are afraid, he added. Liu also said China will not compromise when it comes to matters of principles. (news.financializer.com). As reported in the news.

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hunch: Police say it was the nervous behaviour of the driver in Broken Hill, which gave the game away, according to Nine News Australia. A hunch from local police has paid off- with a million dollars uncovered in a secret' compartment of a car's fuel tank. To improve your experience update it here News National 1m 'found in Landcruiser's secret compartment' in outback town By Sarah Swain9 13pm May 11, 2019Facebook Tweet MailA hunch from local police has paid off- with a million dollars allegedly uncovered in a secret' compartment of a vehicle's fuel tank. Nine It was early yesterday when local police pulled over a rental vehicle, a Toyota Landcruiser, and they smelled a rat. After decanting the fuel, it gave up its secret. On closer inspection the fuel tank had a false bottom. (news.financializer.com). As reported in the news.

masters: But as the cost of living continues to rise, many Aussie families are feeling financial pressure like never before, according to Nine News Australia. Work Strife Balance' airs tonight at 8.40pm on 60 Minutes, after the season finale of LEGO Masters Australia. To improve your experience update it here News World Aussies forced to work more than one job to make ends meet'By Sammi Taylor 60 Minutes Digital Producer8 18am May 12, 2019Facebook Tweet Mail The Australian dream has long been to live a middle-class life and have the financial stability to own a family home. For more on 60 Minutes, visit the official website. He finds despite record low unemployment rates, many workers are now being forced to take on second, and in some cases third jobs, just to make ends meet. The ends are just not meeting, the traditional equation is not working out, Mr McCrindle tells Nine Network Finance Editor Ross Greenwood. 9news Tonight on 60 Minutes, Nine Network Finance Editor Ross Greenwood examines the changing landscape of the Australian work force and what it means for our economy. (news.financializer.com). As reported in the news.

man: Thirty years on from the violent crushing of pro-democracy protests in Tiananmen Square, the man's identity remains unknown; it is by no means certain he is still alive, according to The Guardian. But the photograph that captured his solitary moment of dissent in June 1989 remains one of the most memorable images of the last century, known universally as Tank Man. The man's shoulders are rounded, almost passive in front of the four tanks whose gun barrels are raised as if in an ironic salute. Jeff Widener was not the only photographer to capture the scene, but it is his image listed as one of Time magazine's 100 most influential of all time that has become the most famous. I think I was lucky I was using such a fine-grained film. Every Tank Man photo has a different flavour. (news.financializer.com). As reported in the news.

viewings: These guys fly around the world in their jets and helicopters, says Heath, a senior agent at Italian estate agency Lionard, according to The Guardian. It makes sense to use them for viewings. It's not that unusual anymore, Heath says of hitching a ride on a billionaire's jet to the Italian Riviera last week to give the wealthy client a tour of some of the most luxurious and expensive homes. The problem was we still had to drive from Genoa to Portofino. The cheapest one they saw was on the market for 10m 8.4m . The client, a northern European entrepreneur who Heath declined to identity, is part of a growing influx of the global super-rich to Italy exploiting a little-known tax break that allows the world's millionaires to pay a flat tax of just 100,000 no matter how much money they earn. In one day, they viewed half a dozen luxury villas dotted along the Ligurian coast and castles on the hills surrounding Florence. (news.financializer.com). As reported in the news.

bonn opera: She told Deutsche Welle how the Bonn Opera Gala is bound to help, according to Deutsche Welle. The opera gala events in Berlin, D sseldorf and Bonn are major sources of income for the foundation. Kristel Degener, the new chairperson of the board, works to promote AIDS prevention and how the issue is presented to the public. Last year, the charity gala in Bonn alone netted a record 230,000 258,000 . What projects do you plan to support with the proceeds from this year's event in Bonn Kristel Degener What is special is that we support local projects in Bonn and North Rhine-Westphalia as well as an international project in Mozambique. On the international scene, we are very active in South Africa and Mozambique, and the Bonn Gala is raising money specifically for our project in Mozambique. The local focus is primarily on prevention work in schools, and a project for people from migrant families. (news.financializer.com). As reported in the news.

chinese leader: On Thursday, the key market gauge dropped 200.46 points. ; The Topix index of all first-section issues was down 1.29 points, or 0.08 percent, at 1,549.42, after losing 21.62 points the previous day, according to The Japan Times. From the outset of Friday's trading, investors moved to buy back shares battered in recent sell-offs. The 225-issue Nikkei average fell 57.21 points, or 0.27 percent, to end at 21,344.92 on the Tokyo Stock Exchange. Sentiment was brightened by media reports that U.S. President Donald Trump said he received a beautiful letter from Chinese President Xi Jinping and could have phone talks with the Chinese leader, brokers said, adding a rebound in Shanghai stocks also provided a buying incentive. The import duty was raised to 25 percent from 10 percent at 1 01 p.m. But both the Nikkei and Topix indexes sank into negative territory when a wave of selling by short-term players hit the futures market and pricey cash stocks at around the time the Trump administration carried out the tariff hike, brokers said. (news.financializer.com). As reported in the news.

college degree: Their formulas and those of other experts predict that the return of the S&P 500 SPX, 0.37% in the next 10 years will be far below the market's long-term averages, or even negative, based on today's relatively high valuations, according to Market Watch. But a decade is a long time. I've previously published the projections of such luminaries as famed investor Warren Buffett and Nobel laureate Robert Shiller. Given 10 years, you could produce an entire eight seasons of Game of Thrones or take on many other mammoth projects. In less than five years, you could earn a college degree or fill a small house with ankle-biters. Five years is a shorter period that's easier for us to comprehend. (news.financializer.com). As reported in the news.

beijing: The trade war between the world's two largest economies is escalating again, after the United States hit China with higher tariffs and Beijing pledged to retaliate, according to CNN. Tariff hike It's happening. (news.financializer.com). As reported in the news.

business content: Now, he's convening A-listers for bipartisan healing. - The Washington scaramucci valerie wp meta data.tags;delete delete clavis Auxs ; var clavis AuxNames ;var clavis Keywords ;var clavis Topics ;var Security Exclusion Business Content Interest of Small Business Content 2.6.15 ; and and - JPMC - Decisive Action ; - JPMC - Middle - JPMC - Rebuilding safety - clavis AuxNames.push ibm Amendment Amendment Content ; Issues Auxiliary kws ; American Conference Ambassador, x26 Diplomat Content ; Anti-Target Sonoma kws and Auxiliary positive Auxiliary kws ; Hotels Negative Keyword ; Hard Lemonade Negative and Subcultures ; and TWP undefined TWP;TWP. Data typeof TWP. Data undefined window.top! window.self - ca575670e91c - 20190510 - - Scaramucci was fired from the Trump White House after 11 days, according to MSNBC. Now, he u2019s convening A-listers for bipartisan healing. ; this.props.author Kevin Washington anthony scaramucci; valerie jarrett; mooch; trump; president; conference; politics; Scaramucci; kelly; people; time; jarrett; salt; capitalism; Trump; apartment; career; anthony; business; twitter; white; house; discussion; finance; entrepreneur; investor; and Subcultures; Race and Ethnicity; oil tape sexting sexual abuse sex abuse ISIS ISIL Islamic State Al kurdi refugee 11 september 11 behead United downloads illegal drugs hate speech offensive language street protest labor strike union strike labor issue union issue teacher strike teachers 00 00 EDT end 05/13/2019 23 59 00 00 EDT end 12/31/2019 23 59 00 00 EDT end 12/31/2019 23 59 00 00 EDT end 12/31/2019 23 59 19 00 EDT end 03/28/2019 18 59 00 00 EDT end 05/06/2019 23 59 . NOADS 1 EU 1 b ; ;/ ;var new new x3d78145 ; x3df9316 ; x3db1774 ; x3d26a28 ; x3d48057 ; init var . isub d b ; ;/ ;var wapo sub 3 1 true false;var ;TWP. Data TWP. Data response Json call Ad return new iu new xhr new new doc.write ' x3cbody tOther beacon Data true window ; Now, he's convening A-listers for bipartisan healing. description The Mooch, as he became known, hosted officials from the Obama and Trump administrations this week in Las Vegas, including the former chief of staff who axed him. has Part css Selector .paywall is Part Of type Creative Work Product name The Washington Post productID publisher name The Washington Post logo type Image Object Anthony Scaramucci was fired from the Trump White House after 11 days. (news.financializer.com). As reported in the news.

business owners: As we reported here, shocked and confused business owners who have had only a month to grapple with the massive implications of the rule change attended an emergency roundtable meeting in Brisbane on Thursday. adsbygoogle window.adsbygoogle .push ;The Clean Energy Council, which hosted the meeting, again called for a deferment of the rule change, which it said had been rushed through without proper consultation or proper justification, according to Australian Broadcasting Corporation. In comments to Renew Economy after the meeting, the CEC's director of energy generation, Anna Freeman, said local industry was in a state of shock and confusion about what would happen to their existing staff and projects, in a matter of days. The rule change, due to come into play on Monday, will require licensed electrical workers only to perform basic installation tasks on solar projects of 100kW and over, including lifting, mounting and fixing PV panels. But local governments are also up in arms, it would seem, with the Darling Downs and South West Queensland Council of Mayors calling on the state government to defer the changes and review the regulations not just in consultation with industry, but with councils of affected communities, too. Solar projects will form a major platform for future jobs growth in these regional and remote centres and this amendment will take away jobs and could jeopardise the viability of projects. The proposed changes would force the solar farm industry to, in many cases, bring in electricians from outside the area to undertake manual and mechanical tasks associated with erecting solar panels, said Paul Antonio, who is the Mayor of Toowoomba, and chair of the DDSWQC. With limited numbers of licenced electricians in rural communities, these changes have the potential to rob local workers of manual labour jobs, increase costs of construction as well as causing potential delays in project completion, he told local paper Queensland Country Life on Wednesday. (news.financializer.com). As reported in the news.

contractors association: The event provides an exchange platform for the international infrastructure sector, and promotes Macao's role as a platform of commercial and trade cooperation service between China and Portuguese-speaking countries, organizers said, according to Global Times China. It would also allow Macao to give full play to its institutional, geographic and cultural strengths, while enhancing its competitiveness and participation in infrastructure collaboration with the countries and regions participating in the Belt and Road Initiative. The two-day event, starting on May 30, is jointly organized by the China International Contractors Association and the Macao Trade and Investment Promotion Institute. The Belt and Road Infrastructure Development Index 2019 and the Annual Report on the Belt and Road Construction 2019 will be released. Various thematic forums, parallel forums and penal sessions will be held during the event. (news.financializer.com). As reported in the news.

utah: The forum will focus on how to further tap potentials for future cooperation between China and Utah, according to Global Times China. Delegates from China's Liaoning, Jiangxi, Jiangsu and Guangdong provinces will join the forum to seek closer local cooperation with Utah, said Zhao Zhenge, General Representative of China Council for the Promotion of International Trade CCPIT in the United States, at a reception on Thursday. The Utah-China Trade and Investment Forum, the first of its kind, will draw some 200 participants from both countries in such areas as energy, investment, tourism, culture, agriculture, food and information industry. Zhao told Xinhua that Utah, which has been left behind other American states over the past years, has great interest in expanding trade and investment cooperation with China. Utah expects to learn and understand China better, and hopes to see friendship and progress made, said Gregory Hughes, former member of the Utah House of Representatives. The forum will help increase Utah's influence and popularity in China, and help Chinese business community to know more about the western US state, he added. (news.financializer.com). As reported in the news.

housing equipment: Their request, made in March, was withdrawn because both Ushioda and Yamanashi announced in April their intention to quit the board of the maker of housing equipment, according to The Japan Times. In a statement, the four investors said the departures from the board would not fully resolve the corporate governance problem at Lixil Group. In the request the four investors, including U.K.-based Marathon Asset Management, questioned the leadership appointments announced in autumn last year in which Kinya Seto was dismissed as chief executive officer and Ushioda replaced him. ; The four had sought the dismissal of Ushioda and Chief Operating Officer Hirokazu Yamanashi, who took over the post of president from Seto last month. It is necessary to elect a new management team without being pressured or influenced inappropriately, the statement said, requesting that the influence of founding family member Ushioda, in particular, be cut off. As a shareholder, he will submit a list of director nominees who support him, at a regular shareholders meeting in June. Seto, who still sits on the board, aims to return to the company's top leadership. (news.financializer.com). As reported in the news.

investor demand: The pricing of this bond is the latest milestone for AIIB, now only in its fourth year of operation, the bank said, according to Global Times China. Meanwhile, Standard & Poor's, Moody's and Fitch all have triple A ratings on the inaugural bond. The five-year bond raised 2.5 billion US dollars and will drive AIIB's priorities of investing in sustainable infrastructure, developing cross border connectivity and promoting environmental, social and governance ESG investing in Emerging Asia. Thierry de Longuemar, AIIB's chief financial officer, hailed the pricing of the bond as a landmark transaction for the market, adding that the bond is reflective of investor demand globally for high-quality sustainable investments. The growing institutional demand for fiscally sustainable, revenue positive projects and support for AIIB's unique operating model is evidenced by the almost 8 billion US dollars of financings already approved by the Bank, said AIIB President Jin Liqun. We were delighted to see demand from such a diversified group of investors in the book and look forward to showing our global investor base the positive contribution that this capital will have in Asia and beyond, de Longuemar said. (news.financializer.com). As reported in the news.

momentum indicators: The bitcoin BTCUSD, 8.23% rally is nearing 100% off its December 2018 low at 3,200, and year-to-date the cryptocurrency has added 70%. So what's behind the rally bitcoin Here are four potential answers Technically driven One thing the bitcoin rally has done is bust through some closely watched technical levels, according to Market Watch. Whether it's the resistance at 4,000, the psychological 5,000 mark or some key momentum indicators, the technical outlook has flipped from lower highs to higher lows. The digital currency on Thursday booked its eighth winning session in the past 10 and is on track to log four successive winning months this after recording six losing months in a row, an unflattering record it had never previously achieved. Bitcoin's long-term technical profiles continue to point to a new up cycle, wrote chart watcher Rob Sluymer of Fundstrat Global Advisors. However, rather than sell or attempt to micromanage bitcoin exposure, we would strongly encourage investors to remain focused on the longer-term bottoming profile developing, he said. With bitcoin now back to a resistance band near 6,000, similar to where it was in Q2 2015, a pullback would not be surprising. (news.financializer.com). As reported in the news.

facebook: The videos were uncovered by an anonymous whistleblower who filed a complaint with a US regulator, accusing Facebook of misleading investors on its efforts to clean up the platform, according to Nine News Australia. A five-month study of more than 3000 accounts found Facebook's artificial intelligence algorithms were creating memories' and video celebrations for active users, including accounts of extremist organisations such as al-Qaeda, white supremacist groups, and self-identified Nazis. To improve your experience update it here News World Facebook accused of auto-generating terrorist propaganda, creating page for al-Qaeda By Fatima Olumee4 31pm May 10, network Facebook has been accused of automatically generating celebratory jihadist videos and promoting terrorist business pages. Facebook has been accused of automatically generating celebratory jihadist videos. Islamic State and al-Qaeda terrorists are also openly networking on Facebook's website, according to the whistleblower's research. Supplied A business page generated by Facebook for al-Qaeda received over 4400 likes and provided the group with valuable data to use when recruiting new followers, according to the complaint. (news.financializer.com). As reported in the news.

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tax: Core Logic head of research Tim Lawless says there is uncertainty about the impact of Labor's planned changes to negative gearing and the capital gains tax concession on the housing market, should it win the election, according to Nine News Australia. This really is a wildcard because nobody really knows what the outcome of changing these policies is going to be, he told AAP, noting the stage of the housing market cycle usually had a bigger impact than a federal election. To improve your experience update it here News National Election a wildcard for housing market By AAP8 13am May 11, 2019Facebook Tweet Mail The outcome of the federal election could be a wildcard for the housing market amid signs the worst of the downturn in prices may be over, an analyst says. If we do see these policies being passed through the Senate, arguably we will see a bit of a dampening effect on investment in the housing market. AMP Capital senior economist Diana Mousina said a Labor victory could lead to a short-term bounce in housing demand and boost to prices as investors take advantage of current concessions before the changes in 2020. Mr Lawless said a key issue would be whether there was a commensurate lift in owner occupier activity, which was probably a greater unknown given the tighter credit conditions. (news.financializer.com). As reported in the news.