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

: As for the economy, Mr Abbott said evidence the coalition plan was working could be found in the latest employment figures, according to Nine News Australia. Since the Abbott-Truss government came to power in September 2013, he said more than 300,000 jobs had been created - ignoring that fact that unemployment has risen from 5.8 per cent to 6.2 per cent over that time. The prime minister was warmly received when he addressed the Nationals federal council meeting in Canberra on Saturday, where he also backed Mr Dutton, who landed in hot water for his joke about climate change."If there one thing that should be remembered about Peter Dutton week, it that this is the week that he masterminded the plan to bring 12,000 needy people to this country," Mr Abbott said. He said housing approvals, motor vehicle sales and company registrations close to or hitting record highs, also showed the strength of the economy. Mr Abbott is expected in Perth later on Saturday, where he will be campaigning ahead of the Canning by-election.© AAP 2015Politics Email your news tips Do you have any news photos or videos Career News: Ten foods to boost your brain power - seeklearning.com.au Property news: Beyond 2035: how many more homes, and where - realestate.com.au Career news: Five ways to tell if you're in the wrong career - news: Green homes on show - realestate.com.au Career news: How to spot a bad boss in an interview - seek.com.au (news.financializer.com). As reported in the news.

: Sir Richard made the announcement while touring the Virgin Active club in Collins Street in Melbourne on Saturday."The reason we're confident we can do another 20 to 30 clubs in Australia over the next three years or so is the amount of approaches we're getting from landlords," Sir Richard said, according to Nine News Australia. The clubs cost $7 million to $8 million each, and Sir Richard said now is the right time to be investing."The Australian dollar is quite low, so if you're using money from overseas to come and invest in Australia, it a great time to do it," he said."And then, through investments like this, the Australian dollar will start getting strong again."The clubs have been designed to have something for everyone - from free weights and machines, to classes, swimming pools and saunas. The Virgin Active founder plans to invest as much as $200 million to more than triple the number of health clubs over the next three years. They are the kind of gyms Sir Richard said he likes to use, and does use. The Virgin Active expansion takes in changes in the broader Asia Pacific market, including new clubs in Singapore and Thailand and potential new locations.© AAP 2015Email your news tips Do you have any news photos or videos Career News: Ten foods to boost your brain power - seeklearning.com.au Property news: Beyond 2035: how many more homes, and where - realestate.com.au Career news: Five ways to tell if you're in the wrong career - news: Green homes on show - realestate.com.au Career news: How to spot a bad boss in an interview - seek.com.au Keeping fit is the key to managing his busy life, he said."I have a pretty hectic schedule; the only way I can survive that schedule is to keep fit," he said. (news.financializer.com). As reported in the news.

: El-Sissi tasked Petroleum Minister Sherif Ismail with forming a new Cabinet within a week, according to The Toronto Star. Prior to handing in his resignation, Mehleb provided a report detailing the performance of the government, which two officials from the president office said el-Sissi found unsatisfying. The office of the president said he accepted the resignation of Prime Minister Ibrahim Mehleb and his Cabinet but that the ministers would continue to serve until a new body is appointed. The officials spoke on condition of anonymity because they are not authorized to brief reporters. El-Sissi in recent months has had to perform tasks that normally should fall to Mehleb, such as arranging meetings with ministers and negotiating business deals with foreign investors, according to the two officials. Egypt president is generally in charge of major affairs of state while the prime minister, whom he appoints, handles day-to-day running of the government. (news.financializer.com). As reported in the news.

Investment advisers: Investment advisers around the country say clients are asking about increasingly unusual and exotic ways to raise the yield on their portfolios. Among the most common: various direct lending opportunities, including private pools of real-estate debt and hedge funds that hold loans to small.., according to Wall Street Journal and The tougher it gets to squeeze any income out of a bond portfolio, the more tempting it becomes to invest in things that aren t even bonds. (news.financializer.com). As reported in the news.

: As for the economy, Mr Abbott said evidence the coalition plan was working could be found in the latest employment figures, according to Nine News Australia. Since the Abbott-Truss government came to power in September 2013, he said more than 300,000 jobs had been created - ignoring that fact that unemployment has risen from 5.8 per cent to 6.2 per cent over that time. The prime minister was warmly received when he addressed the Nationals federal council meeting in Canberra on Saturday, where he also backed Mr Dutton, who landed in hot water for his joke about climate change."If there one thing that should be remembered about Peter Dutton week, it that this is the week that he masterminded the plan to bring 12,000 needy people to this country," Mr Abbott said. He said housing approvals, motor vehicle sales and company registrations close to or hitting record highs, also showed the strength of the economy. Mr Abbott is expected in Perth later on Saturday, where he will be campaigning ahead of the Canning by-election.© AAP 2015Politics Email your news tips Do you have any news photos or videos Career News: Ten foods to boost your brain power - seeklearning.com.au Property news: Beyond 2035: how many more homes, and where - realestate.com.au Career news: Five ways to tell if you're in the wrong career - news: Green homes on show - realestate.com.au Career news: How to spot a bad boss in an interview - seek.com.au (news.financializer.com). As reported in the news.

: On a year-on-year basis, the index dropped 1.69 percent, according to Xinhua China. A lower reading shows a drop in consumers' desire to spend. The Bank-card Consumer Confidence Index , compiled by Xinhua News Agency and China Union Pay, a national bank card association, declined 0.6 point from July to 82.07 in August, the third month-on-month drop in a row. Spending on non-necessities dropped sharply, with a plunge of 13.55 percent for plane tickets, and a decline of 8.6 percent for large home appliances, including air conditioners and fridges. A stock market rout since June 12 had led to a 38 percent plunge in the benchmark Shanghai Composite Index by the end of August. The BCCI drop came as sharp fluctuations on the stock market eroded Chinese people personal wealth. (news.financializer.com). As reported in the news.

Pennetta: Instead, Pennetta needed to get past the woman who ended Williams’ Grand Slam bid, Roberta Vinci, according to The Toronto Star. And Pennetta was able to do just that, pulling away in a matchup of Italians who were opponents and doubles partners as kids. Pennetta did not have to beat Serena Williams in the final. In one of the unlikeliest major finals in women tennis history, the 26th-seeded Pennetta beat Vinci 7-6 , 6-2 at Flushing Meadows on Saturday — then revealed she was ready to hang up her racket, a decision she kept private until that moment. I couldn’t think to finish in a better way. This is how I say goodbye to tennis, Pennetta said as her fiance, tennis player Fabio Fognini, captured the scene with his phone camera. (news.financializer.com). As reported in the news.

: They fire up the leader with a chant rarely heard in these parts — Trudeau, Trudeau, Trudeau, according to The Toronto Star. But like so like many of the Liberal events in this campaign, a good many in the crowd are simply curious — and undecided. Among the 1,400 people at this evening rally are long-time partisans who have been with the party through thick and thin. Among them is healthcare professional Eleanor Stewart, who came out to take the measure of Trudeau in person, to get a feel for how clear he is, how strong his stand is on issues, what issues matter to him. Still, what she saw has left her open to the possibility of voting Liberal. She was happy he raised the plight of Syrian refugees in his speech — it goes to our character as a nation, she says — but disappointed that he neglected to mention aboriginal issues. (news.financializer.com). As reported in the news.

Workers Party: In an indication that the PAP has regained some of its lost popularity, it won 69.86 percent of the votes cast, according to the Elections Department, compared to 60 percent votes in the 2011 elections, according to Asahi Shimbun. Prime Minister Lee Hsien Loong, who won from the Ang Mo Kio constituency, thanked his supporters for giving "us this very good result." "We are very grateful, we are very happy, but at the same time, we are very humbled by the result. ... Tomorrow will be better than today. The People Action Party swept 83 of the 89 seats in Parliament while the opposition Workers' Party got six seats. SG100 will be better than SG50," he said, referring to the 50 years that the PAP has ruled Singapore since independence in 1965. Since independence, the PAP had also won every seat in Parliament until 1981 after which the opposition started winning one or two seats. The party has won every election since 1965 and this is the 12th time it will form a government. (news.financializer.com). As reported in the news.

: And Tom Mulcair, the NDP leader, has vowed to balance the books — something the Harper government has not done in each of the past seven years, according to The Toronto Star. Benjamin Disraeli, the 19th-century British PM, famously spoke of Lies, damned lies, and statistics. For the record, Justin Trudeau, the federal Liberal leader, is pledging tax cuts. Actually, the problem with facts is their selected and distorted use, not the stats themselves. And that was a pretty big boast, the Harper campaign chief spokesman telling CBC Radio on Tuesday that Canada has outperformed its G7 peers on almost every metric you look at. So let look at the highlights of Harper economic record, his self-selected chief selling point. (news.financializer.com). As reported in the news.

security threat: He said he could have more to say on that question very soon, a signal of a possible upcoming campaign announcement, according to The Toronto Star. Harper was also asked if he would elaborate on the security threat he believes might be posed by Syrian refugees coming into Canada, but he refused, saying the short answer is, ‘no.’ He went on to state he’d visited refugee camps in Jordan and elsewhere in the Middle East and seen the deplorable conditions and was well aware of the suffering of so many. Under growing public pressure to act more swiftly, Harper was asked by reporters after a campaign event what specific measures he’d already taken. He told the small partisan crowd that his government had moved before the crisis hit the headlines to increase the number of Syrians resettled as refugees here. It said, under Harper, the government eliminated the processing backlog at a refugee-application processing centre in Winnipeg. After Harper spoke following the campaign event on Thursday, the party circulated an email to reporters with additional information they had been seeking for days. (news.financializer.com). As reported in the news.

Ferrari: The extraordinary vehicle was the brainchild of an American car legend, who used it to win championships and shatter speed records, according to CNN. Once retrieved from its dusty alcove, the car sparked a multi-million dollar legal battle for its ownership. The original of only six models ever built, it was the first American car to beat Ferrari on its own turf, was once engulfed by flames in Daytona, was driven around Los Angeles by a music celebrity, and then sat for 30 years in a storage unit -- leading many to believe it had been lost. Today, 50 years after it was built, the Shelby Cobra Daytona Coupe prototype finally sits in its rightful place -- a museum founded by its current owner. He had already done so as a driver with Aston Martin, wining the prestigious FIA World Sportscar Championship in 1959, a series that the "prancing horse" was otherwise dominating. A car with a mission As the name suggests, the car was created by American automotive entrepreneur, Carroll Shelby, who wanted to beat Italian designer Enzo Ferrari. (news.financializer.com). As reported in the news.

: External Link: Shawn Dollar speaks out about injuries Dollar, who holds the world record for the largest wave ever paddled into, suffered neck injuries and head trauma when he struck a large rock after wiping out on Monday while surfing along the Central California coast, according to Australian Broadcasting Corporation. Despite the four fractures, Dollar somehow avoided paralysis as he initially had feared. "I heard the breaks in my neck and I immediately wasn't sure if I was paralysed," Dollar told People magazine from his hospital bed, where the pro surfer has been fitted with a neck brace. Map: United States Big-wave surfer Shawn Dollar, who broke his neck in four places during a wipeout earlier this week, says he immediately lost feeling in both his arms and legs and did not know if he could make it back to shore. The 32-year-old, married father of two said immediately after hitting the boulder, he lost feeling in both his arms and legs and faced the daunting task of getting back to shore. "I barely had the strength to move, let alone get on my board and paddle out and climb over rocks to shore," he said. "It was just like I was in a cauldron of rocks with waves breaking on me. He will have to wear the collar for at least two months before beginning rehabilitation for his injuries. "Luckily the break isn't structural. With a broken neck, I was like, 'I don't know if I'm going to be able to get myself out of here'." Dollar said he used all the strength he had left to make it back to shore, needing help to walk nearly 1.6 kilometres through ravines and up steep trails before he could be driven to a local hospital. (news.financializer.com). As reported in the news.

Students Rand: The initiative is run by Bush two sons, Jeb Bush, Jr. and Texas Land Commissioner George P. Bush, who've been active on the campaign trail, according to CNN. College-aged voters can be influential in early voting states like Iowa, which has more than 130,000 students at four-year colleges alone, according to the 2013 Iowa College and University Enrollment Report. The network, "Mission:Next Campus," kicks off with the start of the school year and builds onto an existing program, "Mission:Next" that focuses on people under the age of 40 who want to help with fundraising and other campaign efforts. Rand Paul campaign recharged its "Students for Rand" effort last month to spur growth among a demographic that his campaign views as key for his viability in the race for the Republican presidential nomination. Later this month, he'll attend University of Georgia vs. Bush, like Paul, has repeatedly said he plans on campaigning at places where Republican candidates don't traditionally go, like college campuses and minority communities. (news.financializer.com). As reported in the news.

: Lennox Yearwood and other activists are preparing to take matters into their own hands, according to MSNBC. They filled the Brooklyn Academy of Music late Thursday night, more than a thousand people rallying around a new plan to freeze fossil fuel production and put the industry out of business. But no matter what those leaders promise to do—not enough, is the smart bet—Bill McKibben, Naomi Klein, Rev. They identified Shell, Exxon, BP, Chevron, Total, and others by name, and accused them of stealing tomorrow for profit today. She believes we need to upend capitalism as we know it. These are rogue companies that are careening past the earth physical limits, and we need to turn them off, said Klein, the author of This Changes Everything, a book that argues that our economic and planetary systems are at war with one another. (news.financializer.com). As reported in the news.

: In coverage that press agents experience only in dreams, the pope recently graced the covers of National Geographic and a special issue of Newsweek, according to The Toronto Star. Though apparently never performing in a rock band, Francis last week was also profiled in Rolling Stone. And he is about to get a whole lot more. And when he visits the U.S. later this month, Francis media presence will be virtually ubiquitous. The energized papal attention will be engendered not only because of the media and economic muscle of the U.S., but also because of his urgent message: the world community needs to address global poverty and climate change now. Time-Warner Cable will provide wall-to-wall coverage, beginning with Francis visit to Havana en route to Washington. (news.financializer.com). As reported in the news.

: Attendance at last year inaugural fair surprised its founder Scott Gray, CEO of the World Photography Organization. "We were at capacity, according to CNN. Over 25,000 people showed up and all major artworks were sold. This weekend, photo enthusiasts will flock to Photo Shanghai, the first international art fair dedicated to photography in the Asia-Pacific region. It was very encouraging," explains Gray. You don't need a course in art history to understand it." The price point is also more accessible compared to traditional art fairs. According to Gray the fair breakout success might be attributed to photography easy accessibility, compared to the more exclusive world of fine art. "People enjoy photography; they digest it daily. (news.financializer.com). As reported in the news.

Fed: Mixed U.S. economic data combined with volatile global stock markets have convinced some investors that the Fed will refrain from raising interest rates on Thursday. That is bad news for the dollar since increased borrowing costs tend to boost.., according to Wall Street Journal and The dollar notched its sixth consecutive daily decline against the euro and lost ground to other currencies, as investors turn increasingly cautious before the Federal Reserve meeting next week. (news.financializer.com). As reported in the news.

: Related:Banks have treated our housing market like a Ponzi scheme, and it about to bust Lindsay David Shares in Australia biggest bank were halted from trade on Friday as the lender said it would offer the unwanted $1.5bn worth of shares to other investors to repair the damage, according to The Guardian. The large shortfall in the take-up by retail shareholders was blamed on the timing of the offer and weaker valuations for bank shares, analysts said. Stock market volatility and the uncertain outlook for Australia banks have been blamed for the rejection which left the bank with a $1.5bn hole in its capital raising plan. Unfortunately for them, it was very bad timing as the market has been very volatile, IG market analyst Angus Nicholson said. The big four banks have been investor magnets due to attractive dividend yields, but their shares have tumbled as much as 15% since early August. Bank valuations have also corrected sharply as their growth outlook has worsened. (news.financializer.com). As reported in the news.

personal relationship: Russia takeover is not internationally recognized, according to The Moscow Times. Putin and Berlusconi, known for enjoying a good personal relationship, laid flowers at a monument commemorating soldiers fallen in a 19th century war over Crimea. Western visitors have been rare since the annexation, which drove relations between Moscow and the West to their lowest point since the Cold War era and prompted the United States and the European Union to slap economic sanctions on Russia. They included troops of the Kingdom of Sardinia, part of modern-day Italy. Moscow played up a visit by several French parliamentarians to Crimea this summer in striving to secure wider international recognition of its de facto control of the peninsula. Short footage run by Russia state television broadcaster showed Putin telling Berlusconi he wanted the establish the exact names of the Italian soldiers and imprint them on the memorial. (news.financializer.com). As reported in the news.

: The exclusive meeting will see 100+ leading investors, developers and lenders active in Russia gather for the GRI 9th instalment in Russia, according to The Moscow Times. Over two days senior attendees will participate in a series of closed-door discussions covering investment opportunities in residential, office, and ware house properties across Russia. Russia GRI mandate is to introduce senior domestic and international investors to real estate opportunities across Russia. This year Russia GRI is extending its reach by including Kazakhstan to the programme; an attractive and for many yet unexplored market for Real Estate investment. The Russia GRI attracts an impressive list of industry heavyweights, including leading Russian developers, local lenders, foreign investors and major hotel companies; SRV, Ghelamco, Morgan Stanley, ECE Russland, Sberbank, NPF Blagosostoyanie, amongst others. There are opportunities in the regions that might not be on everybody radar. (news.financializer.com). As reported in the news.

People magazine: Related:Shawn Dollar, surfer of world biggest waves, breaks neck in four places Despite the four fractures, Dollar somehow avoided paralysis as he had feared, according to The Guardian. I heard the breaks in my neck, and I immediately wasn’t sure if I was paralysed, Dollar, 34, told People magazine in an interview the magazine said was conducted from his hospital bed, where the pro surfer has been fitted with a neck brace. Dollar, who holds the world record for the largest wave ever paddled into, suffered the neck injuries and head trauma when he struck a large rock after wiping out on Monday while surfing along the central California coast. The married father of two said that immediately after hitting the boulder he lost feeling in his arms and legs. It was just like I was in a cauldron of rocks with waves breaking on me. I barely had the strength to move, let alone get on my board and paddle out and climb over rocks to shore, he said. (news.financializer.com). As reported in the news.

: Edward Snowden, the U.S. intelligence leaker who has received asylum in Russia, is also among the seven nominees for the 50,000-euro award, the parliament said, according to The Moscow Times. Nemtsov — the first deputy prime minister under former President Boris Yeltsin and once his likely successor — was a vocal critic of Russian leader Vladimir Putin. The prize is awarded every year to honor exceptional individuals who combat intolerance, fanaticism and oppression, the parliament said Thursday in an online statement. He was shot and killed near the Kremlin on the night of Feb. 27, while working on a report exposing Russia involvement in the ongoing conflict between separatists in eastern Ukraine and Kiev government troops. She has been celebrated as a symbol of Ukrainian resistance at home, and was elected to both the Parliamentary Assembly of the Council of Europe and to the Ukrainian parliament while in prison. Savchenko, the pilot, was captured last year by pro-Moscow forces in eastern Ukraine and handed over to Russia where she is on trial on charges of abetting the killing of two Russian journalists. (news.financializer.com). As reported in the news.

branded drugs: Generics have only about a 5-6 per cent market share in the GCC, with patented drugs dominating the landscape, according to a report from Alpen Capital published in 2013, according to Business Week. That means that firms have to work hard to convert patients from branded drugs over to a generic. Incentives for manufacturers, including fast track approval, is helping supply Late next year the UAE-based pharmaceutical distributor Al Ittihad Drug Store will leap up the value chain when it opens Pharmax, a $20 million facility to manufacture generic pharmaceuticals in DuBiotech . By targeting the chronic illness sector with medicines to treat ailments including hypertension, diabetes and depression, the firm hopes to win over customers and then keep them for life, says its group CEO, Ahmad Tabari. Tabari says that whether the medicine will be used for a short period, like an antibiotic, or to treat a long-term illness, the effort is roughly the same. That our view. The bang for your buck is much better in the chronic medication sector. (news.financializer.com). As reported in the news.

: Four top officials from the group, who have very limited campaign experience and are led by president Brian Fisher, launched Red Metrics LLC as part of a highly-touted Cruz strategy to organize evangelicals on social media, state and election records show, according to CNN. The move by Cruz allies is the latest shift in the strategy of the Keep the Promise super PACs to win over social conservatives that are key to the Cruz coalition. The leaders of Online for Life, a Texas-based group that tries to convince women not to follow through with abortions, have formed a new organization that is effectively serving as a data and digital operation for the independent groups. Top Cruz super PAC donors and operatives -- including those from Online for Life -- met Wednesday night in New York to chart the next steps for the groups, which includes hosting fundraisers for Cruz and list-sharing with the Houston-based campaign. And the group involvement in a political campaign reveals the technology and Christian messages likely to be employed by the Cruz outside spending machine, which so far has shed little light about how it plans to spend its largely untapped fortune. Online for Life is praised by social conservatives for using apps and social media to link up women seeking to end a pregnancy with persuasive anti-abortion advocates. (news.financializer.com). As reported in the news.

: The catch Experts say some of the changes could dramatically explode the deficit, according to MSNBC. The conservative Tax Foundation estimated its price at a whopping $3.66 trillion over 10 years using traditional scoring methods and $1.6 trillion using dynamic scoring, which assumes conservative arguments that the cuts will unleash a surge of economic growth are correct. The proposal includes something for everyone: new tax breaks for the rich, even bigger ones for corporations, a gentle poke at Wall Street and a variety of new goodies for middle-class and low-income taxpayers. The gains would also be concentrated among the wealthy elite – the static score found that the richest 1% of Americans would enjoy an 11.6% gain in after-tax income, the richest 10% would get a 4.7% boost, and the bottom 80% would see a more modest bump between 1% and 3%. The top line numbers are largely in line with an analysis by economists John Cogan, Martin Feldstein, Glenn Hubbard and Kevin Warsh distributed by the Bush campaign that pegged its cost at $3.4 trillion under static scoring and $1.2 trillion under their dynamic model. Under Bush proposal, the current tax system for individuals would be collapsed into just three brackets: 10%, 25% and 28%. The current code, after a tax hike on the wealthy under President Obama, consists of seven brackets with a top rate of 39.6%. The corporate tax rate would be dramatically lowered from 35% to 20% and allow companies to deduct capital investments. A number of independent groups are currently working on estimates of their own. (news.financializer.com). As reported in the news.