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

damage bill: CCTV captured the thief as he smashed the change machine at the business on Heaslip Road in Angle Vale just before 7am today, according to Nine News Australia. The crim made off with more than 3000 and left a hefty damage bill. To improve your experience update it thief robs Adelaide laundromat9 02pm Oct 28, are hunting an axe-wielding thief who stole thousands of dollars' worth of cash from an Adelaide laundromat. An axe-wielding thief has robbed an Adelaide laundromat. 9News The robber fled with more than 3000. 9News Really taken aback by what's happened, the laundromat's owner Melissa Crisa said. A customer in the busy shopping precinct alerted police. Anyone could have come in there when he was there with his axe. (news.financializer.com). As reported in the news.

education: Denying opportunity for greater education to the thousands of students living outside Toronto is one despicable aspect of this decision but there are greater economic consequences that are truly disappointing, according to The Toronto Star. Opening education centres like this would spur economic growth and activity outside Toronto something the province sorely needs to do. This decision is not just about avoiding development of higher education or any education spending for that matter. But that's economics, something he doesn't get. But that's simple economics, something he'd rather not get. The investment not expense would reap huge economic returns, both for the local municipalities and the province. (news.financializer.com). As reported in the news.

game changer: Prime Minister Scott Morrison announced upgrades to the Shipwreck Coast and Geelong Convention Centre as part of a 154 million deal, during a visit to the region on Monday, according to Nine News Australia. The funding injection will be a game changer from Geelong all the way along the Coast Mr Morrison said. To improve your experience update it here News National Fed cash splash to revamp Great Ocean Rd4 20pm Oct 29, iconic Great Ocean Road will be transformed under a federal government cash splash to boost tourism and jobs. The Great Ocean Road attracts six million people every year, while more than two million visit the Twelve Apostles, one of Australia's major attractions. Our significant investments in Geelong infrastructure will mean more jobs and a better quality of life for hard working families, giving local businesses a real boost. When it comes to tourism in Australia it doesn't get much more iconic than the Twelve Apostles and the Great Ocean Road, the prime minister said. (news.financializer.com). As reported in the news.

mardi tindal: The couples plan to convert their home into c0-housing space with separate units and a common kitchen and living area to share with other older singles and couples, according to The Toronto Star. Steve Russell / Toronto Star Two years later, Doug and Mardi Tindal, Ted Addie and Hillary Arnold, who have been friends for 30 years and are all in their late 50s to mid-60s, have parlayed a daydream into a serious plan for a co-living community. Would it be feasible to avoid the loneliness that creeps with age by joining forces in a private home with room for shared meals and laughter and cosy nooks for private chats or reading Doug and Mardi Tindal from left with their co-housing partners Hillary Arnold and Ted Addie. It has room for 10 to 12 people, all of whom would continue to pursue their separate lives while also sharing companionship and mutual support. The two couples have purchased a big High Park house across from a park and backing on a ravine. The alternative for most elderly North Americans is isolation or institutionalization likely both, say the Tindals. (news.financializer.com). As reported in the news.

opposition leader: The opposition leader is also committed to spending two per cent of GDP each year on defence, after it dropped to a 70-year low of 1.6 per cent under Labor in 2012/13, according to Nine News Australia. Mr Shorten said Labor will mirror the coalition government and not let people smugglers restart their trade to Australia. To improve your experience update it here News National Shorten outlines regional security policy12 01am Oct 29, Shorten is promising to continue boat turnbacks and invest in the Pacific as part of a regional security policy if Labor wins the upcoming federal election. He said a Labor government would continue the coalition's 2013 Operation Sovereign Borders and fund areas the coalition has cut back, including Australian Federal Police based overseas. Operation Sovereign Borders will be fully resourced. We will continue to stop boat arrivals and turn back boats when it is safe to do so, he said in a foreign policy speech to the Lowy Institute in Sydney on Monday. (news.financializer.com). As reported in the news.

michael cawley: The LAPFF chair, Ian Greenwood, has written to Michael Cawley, the chair of Ryanair's nomination committee, saying it will file the resolutions in favour of the changes at the Dublin-listed firm's next annual meeting in September 2019, according to The Guardian. LAPFF has not received a response to the letter, sent on 12 October. As well as calling for Bonderman to be replaced, the Local Authority Pension Fund Forum LAPFF has told the Irish airline to start planning for a successor to Michael O'Leary, who has been chief executive since 1994. LAPFF, which represents the pension funds of local authorities across the UK holding combined assets worth more than 230bn, holds about 1% of Ryanair's shares. It is likely the resolution will gain the backing of enough shareholders, after almost 30% of shareholders voted against Bonderman's reappointment at the last annual meeting, in September. Under Irish company law, investors holding 3% of shares can introduce a resolution, meaning LAPFF must seek the support of other large investors. (news.financializer.com). As reported in the news.

people: Fortnite, which in battle royale mode involves 100 characters fighting for survival on a dystopian island, has been played by more than 125 million people, making it the world's most popular video game, according to The Guardian. It has also sparked controversy, however, with parents complaining of violent themes and teachers saying it distracts children from their homework. The game is free to download, making money by charging players for costumes and other embellishments in virtual in-game currency. The value of Epic, which is based in North Carolina and counts China's Tencent Holdings and Walt Disney among its early investors, has soared from an estimate of 4.5bn in May. The company is run by its founder and chief executive, Tim Sweeney, who set it up in his parents' basement in Maryland in 1991. It was valued at just 660m in 2012 when Tencent bought a 48% stake. (news.financializer.com). As reported in the news.

slavery: The International Labor Organization estimates that 40.3 million people are affected by modern slavery, according to The Toronto Star. One in four of these people are children. Perhaps because my work is deeply rooted in tackling human rights issues, the realities of modern slavery affecting millions around the world are a daily reminder. These are hard realities to face, but we need to wake up and take action to put an end to these brutal violations on our fellow human beings. There is a lot of work ahead to realize a Modern Slavery Act, Julie Francoeur writes. Far more children, like this young labourer in New Delhi crying during a raid in 2009, are trapped in modern slavery than previously thought. (news.financializer.com). As reported in the news.

terms: In cash terms, the public finances have been hit by 26bn a year, according to The Guardian. Ending austerity While the economy has suffered a slowdown since the referendum vote, it is not as severe as expected by the Treasury's independent forecaster, the Office for Budget Responsibility OBR . Lower-than-expected Whitehall spending and higher VAT and corporation tax receipts since April have help the exchequer more than expected. The Centre for European Reform's analysis also suggests that the size of the UK economy is 2.5% smaller than it would have been had remain won the referendum. Borrowing could be just 25bn, compared with forecasts of 33.9bn. The NHS About 20bn is to be pumped into health, including a 2bn increase in mental health spending by 2023-24. It is not spare money, though, as Theresa May has bullied the chancellor into turning on the spending taps to the tune of an extra 100bn to prove that the age of austerity is over. (news.financializer.com). As reported in the news.

week: And given this week Tony Abbott advised the Brits to just give the EU a take it or leave it offer, many in Britain could well be forgiven for wondering just how did Australia manage to not be in an economic mire given the competency bar for leadership in this country appears to be so low, according to The Guardian. If we look over the past decade, Australia's GDP per capita not that I would suggest GDP tells all there is to be said about an economy has grown by 10.2% compared to the UK's meagre 3.9%. Whereas Australia over the past 10 years comes in 7th among OECD nations for per capita real growth, the UK comes 20th. Is it a case that Australians have become the grumpy ones who can't see how good we have it, or is it time to end stories about the Australian economic miracle It's not all that surprising really to have a magazine based in London as it experiences the absurd hit on its economy from the Brexit idiocy look wistfully to Australia. ACTU rallies estimated 150,000 workers march for 'better deal' on pay Read more And yet digging deeper something which our economy certainly is reliant upon doing the picture of Australia as this wonderfully performing economy looks like it was written about five years ago rather than in 2018. While our per capita economy grew 1.6%, the UK's fell 5.8%. So well done us great stimulus, some good fortune from China's own stimulus, not to mention a much better banking system than in the USA and UK. But here is the dirty secret since the end of the GFC, Australia has been far from an economic powerhouse. Most of the reason for our good relative performance over the past decade is due to how well we did during the GFC. In the three years from the last quarter of 2007 to December 2010 Australia was one of only six nations in the OECD not to see their GDP per capita go backwards. (news.financializer.com). As reported in the news.

donald trump: Cesar Sayoc is an amateur body builder and former stripper, a loner with a long arrest record who showed little interest in politics until Donald Trump came along, according to Nine News Australia. His arrest capped a week in which the bombs aimed at some of America's biggest names Obama, Clinton, De Niro dominated the news and invited speculation about who might be responsible for them. To improve your experience update it here News WorldUS pipe bomb suspect a devoted Trump supporter and 'ex-stripper with cash problems'10 06pm Oct 27, details are coming to light about the Florida man arrested over the nationwide mail-bomb scare targeting prominent Democrats who traded criticism with President Donald Trump. The answer, authorities said, was Sayoc, a 56-year-old man from Aventura, Florida, who was devoted to Trump, had a history of financial problems and an extensive arrest record. Broward County Sheriff Read more Everything we know about Cesar Sayoc This includes a stint on probation for making a bomb threat, with is attorney in the 2002 case, Ronald Lowy, describing Sayoc as a confused man who had trouble controlling his emotions. The suspect, identified as Cesar Sayoc, 56, was arrested in the city of Plantation in the Miami area and is currently in FBI custody. (news.financializer.com). As reported in the news.

downtown calgary: Downtown Calgary has long been viewed as both an economic driver, employing a quarter of the city's workforce, and a cash cow for city hall because, in better times, it generated 40 per cent of non-residential tax revenue, according to The Toronto Star. Christina Ryan / Star Metro Calgary A preliminary report headed to the city's priorities and finance committee meeting on Tuesday paints a grim picture as administration projects the 2019 assessed value of downtown offices from roughly 16 billion to 12 billion half what they were worth just five years ago. The breathtaking drop means non-residential property owners outside the city's core will shoulder the burden and force elected officials to consider, yet again, another round of short-term tax relief and, possibly, a long-term solution. The downtown core has long been viewed as both an economic driver, employing a quarter of the city's workforce, and a cash cow for city hall because, in better times, it generated 40 per cent of non-residential tax revenue. Article Continued Below The impact was brutally swift and painfully slow to reverse. But collapsing oil prices in 2014 sparked the gutting of Calgary's office towers as energy companies doled out thousands of pink slips, closed shop, or relocated. (news.financializer.com). As reported in the news.

membership subscriptions: Membership subscriptions are sold to leading businesses, and can guarantee access to special policy briefings and boardroom meetings, according to The Guardian. Critics say the forums effectively constitute cash for access, though industry says they are a legitimate way for political parties to communicate their policy objectives, and industry to present their experience and agendas. Business forum and observer programs have long been a significant source of funds for both major parties. Labor urged to 'come clean' on business leaders who paid for access to Shorten and MPsRead more But participation is largely hidden. New analysis from the campaign for the Greens' candidate in Griffith, Max Chandler-Mather, has confirmed the membership of several corporate heavyweights, including Bupa, the private health insurer and aged care provider. The payment of membership fees is not readily apparent in donation disclosures, and the major parties have so far resisted calls to disclose their membership lists. (news.financializer.com). As reported in the news.

canada: Statistics Canada data shows Ontario's economy has actually been growing for years before Premier Doug Ford was elected in June, according to The Toronto Star. Christopher Katsarov / THE CANADIAN PRESS Not everybody out there supports making Ontario open for business, the premier told the corporate audience at the event organized by the Progressive Conservative-friendly Ontario Chamber of Commerce OCC . Read more Protesters urge Ford to keep worker protections, minimum wage bump in place Article Continued Below Doug Ford steps up attacks on job killing' labour protections There are forces in Ontario who had it good under the stagnant Liberal economy, who were happy seeing businesses close and freezing workers out of better jobs, he said. Speaking to the Ontario Economic Summit in Niagara-on-the-Lake on Friday, Ford warned that powerful interests are trying to thwart his changes. Ontario's economy has actually been growing for years before he toppled the Liberals in the June election and Statistics Canada reports the unemployment rate is 5.7 per cent, among the nation's lowest in a generation. These forces are already organizing and preparing to spend a lot of money to try to stop us, the premier said, apparently referring to labour organizations he did not name. Still, Ford said scrapping the 1 hike to the 14-an-hour minimum wage and eliminating two paid sick days for Ontario workers as of Jan. 1 to boost business has awakened his political foes. (news.financializer.com). As reported in the news.

colleagues: Australia has already pulled out of a Saudi investment conference in response to the murder in Turkey, according to Nine News Australia. The prime minister says he and senior cabinet colleagues are monitoring an investigation into the Istanbul killing incredibly closely before deciding its next steps. To improve your experience update it 'appalled' at Khashoggi murder3 21pm Oct 26, Morrison says Australia is appalled beyond description at the murder of Saudi Arabian journalist Jamal Khashoggi, and will not rule out imposing economic sanctions on the Middle Eastern kingdom. We are appalled beyond description by what has happened, and we expect Saudi officials and others to fully cooperate with what is the process of justice, which is under way, Mr Morrison told reporters on Friday. AAP 2018Continue reading PoliticsCONTACT USSend your photos, videos and stories to 9News News The predictions are in These will be the biggest home decor trends of 2019 - domain.au Top Stories'Feminism is about fairness'Revolutionary DNA testing could 'deter would-be criminals'Suspect in synagogue mass shooting facing hate crime charges Police officers strip off to rescue drowning kangaroo2 hours ago We will be taking any and all necessary steps that we think are needed to pursue that path and pursue that outcome. (news.financializer.com). As reported in the news.

commodities: Bloomberg's Alix Steel discusses the lawsuit with Bloomberg's Eric Roston, according to Bloomberg. Source Bloomberg More From Bloomberg Commodities Edge22 36'Bloomberg Commodities Edge' Full Show 10/25/2018 04 22BRF CEO 'Plays Chicken' With Global Market as He Plans Turnaround01 50Inside the Messy Fight Over Clean Power in Arizona04 23Commodity Earnings Wrap Halliburton, Equinor and Caterpillar All episodes and clips Bloomberg Markets Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. The complaint capped a tumultuous investigation that reached the highest levels of Exxon's leadership, including former CEO Rex Tillerson. More episodes and clips01 47 02'Bloomberg Markets The Close' Full Show 10/26/2018 02 57How Options Strategist Steve Sosnick Is Trading the QQQ04 07Former FBI Special Agent Reacts to 'Fast-Moving' Bomb Scare Probe47 55'Bloomberg Markets Balance of Power' Full Show the world with Bloomberg News More episodes and clips03 03How Women in the Mideast Are Advancing02 53China's Tech Giants Aren't Copycats Anymore02 33Taking From the Rich Might Not Help the Poor02 43It's Getting Harder to Spot a Deep Fake Video The David Rubenstein Show The David Rubenstein Show Peer-to-Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business. Jim Yong Kim See all shows More episodes and clips24 05The David Rubenstein Show Christine Lagarde24 05The David Rubenstein Show Barry Diller48 11The David Rubenstein Show Jeff Bezos24 03The David Rubenstein Show Dr. (news.financializer.com). As reported in the news.

economy: The macroeconomic indicators are the best in decades, according to The Guardian. Meanwhile, Obama, too, claims credit for the strong economy, arguing that his policies prevented a far worse downturn following the 2008 financial crisis. With growth this year more than 3%, unemployment at 3.7% and more job openings than unemployed people, the economy has greatly improved on Trump's watch. Neither Trump's hyperbole nor Obama's selective memory comes as a surprise. Most presidential policies must be enacted by Congress, which often alters or blocks them. EU members should be wary of stealing London's super-sized financial sector Howard Davies Read more American presidents, like star athletes in team sports, get both too much credit and too much blame from voters and historians for what happens on their watch. (news.financializer.com). As reported in the news.

gdp: But as nearly everyone realized, the GDP figures were unlikely to stay that high, and as we learned this morning, they didn't, according to MSNBC. Gross domestic product decelerated a bit to a 3.5% annual pace in the third quarter, down from torrid 4.2% pace in the prior three months, the government said. Whether the president understands the difference between quarterly growth and annual growth is unclear, but the fact that GDP reached 4.2% in the second quarter was, according to the White House, proof of how awesome Trump's awesomeness is. GDP is the official measuring stick for the U.S. economy. The fact that growth cooled a little might seem discouraging, but make no mistake this morning's report from the Commerce Department points to good news and a healthy economy. The gain was very close to Wall Street estimates. (news.financializer.com). As reported in the news.

news conference: But it recouped its losses after combative comments from a Chinese central bank official, according to CNN. For those who are trying to short the renminbi, we fought hand to hand a few years ago so we are very familiar with each other, Pan Gongsheng, deputy governor of the People's Bank of China, said at a news conference in Beijing. The yuan on Friday slid close to its lowest point since the global financial crisis in 2008. I think it's still fresh in our memory. The currency has now slumped more than 9% against the dollar since January, coming under pressure from the US Federal Reserve's moves to hike interest rates and fears about China's slowing economy. China's economy is growing at its slowest pace since the financial crisis He reiterated the bank's position that it wants to keep the yuan broadly stable. (news.financializer.com). As reported in the news.

professionals work: Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange, according to The Toronto Star. The Toronto Stock Exchange reported a triple-digit decline in late-morning trading while U.S. stocks plunged lower. The Toronto Stock Exchange has taken a beating, presenting great buying opportunities, says Patrick Blais, senior portfolio manager at Manulife Asset Management. Drew Angerer / GETTY IMAGES The real story I think is the underperformance of Canada for a number of years. The S&P/TSX composite index closed down 35.82 points to 14,888.26. I think it just speaks to a reliance on financials and energy and materials, he said in an interview. (news.financializer.com). As reported in the news.

: It was the sixth consecutive quarter with growth above 2%. The slowdown from last quarter was due in part to a deceleration in business investment, which boomed in the first half of the year in part because of the dramatic tax cut enacted at the end of 2017, according to CNN. Net exports also declined from a surge last quarter as manufacturers and farmers rushed to sell their goods overseas in advance of expected retaliatory tariffs from China. That's still strong, though lower than the 4.2% clip the economy grew during the second quarter. In recent months, retailers boosted their imports, leading to a buildup in inventories. Read More Real disposable personal income grew at an annual rate of 2.5%, the same as last quarter. The growth figure was in line with economists' forecasts, which had come down in recent days after the release of lackluster home sales data. (news.financializer.com). As reported in the news.

bin: Mohammed bin Salman was appointed to his current position by his father, King Salman, according to The Toronto Star. Prince Mohammed bin Salman has silenced the clerical establishment and neutralized the National Guard, accumulating more power than any Saudi leader in history. And he might be the first among them to be brought down. Saudi Press Agency via AP Otherwise, though, MBS, as he is known, is akin to the demagogues who have risen to power on a global wave of populist discontent. And the U.S. chief executive is a cheerleader for those strongmen. Like them, MBS offers false hopes of a new era of prosperity while ruling by fear and fear-mongering.MBS clones have taken power in the Philippines, Turkey, Hungary, Poland and Austria, and another will assume the Brazilian presidency Oct. 28. (news.financializer.com). As reported in the news.

show markets: Source Bloomberg More From Bloomberg Markets The Open48 35'Bloomberg Markets The Open' Full Show Markets The Open' Full Show 10/25/2018 01 40Tesla Analyst Says 'Hard Not to Be Positive' on Changes01 52ECB's Ability to Raise Rates in 2019 Questionable, de Longis Says All episodes and clips Bloomberg Markets Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens, according to Bloomberg. More episodes and clips01 47 02'Bloomberg Markets The Close' Full Show 10/26/2018 02 57How Options Strategist Steve Sosnick Is Trading the QQQ04 07Former FBI Special Agent Reacts to 'Fast-Moving' Bomb Scare Probe47 55'Bloomberg Markets Balance of Power' Full Show the world with Bloomberg News More episodes and clips03 03How Women in the Mideast Are Advancing02 53China's Tech Giants Aren't Copycats Anymore02 33Taking From the Rich Might Not Help the Poor02 43It's Getting Harder to Spot a Deep Fake Video The David Rubenstein Show The David Rubenstein Show Peer-to-Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business. He speaks with Bloomberg's Jonathan Ferro on Bloomberg Markets The Open. More episodes and clips24 05The David Rubenstein Show Christine Lagarde24 05The David Rubenstein Show Barry Diller48 11The David Rubenstein Show Jeff Bezos24 03The David Rubenstein Show Dr. Jim Yong Kim See all shows (news.financializer.com). As reported in the news.

week: The fifth consecutive week of losses would represent its worst period since May 2013, according to The Guardian. The global index has dropped by 9.5% since the start of the month, the second largest sell-off of the year following turmoil in February. The MSCI all-country world index, which tracks shares across stock markets in 47 developed and emerging countries, closed down 3.7% on Friday. MSCI index British companies on the FTSE 100 fell by 0.92%, with the index hitting its lowest level in seven months at one point on Friday, before recovering slightly to the lowest close since March. Germany's Dax index fell by 0.94% while France's Cac 40 lost about 1.29%. Shares across Europe have suffered from nerves around the Brexit negotiations, with UK government ministers still insisting that leaving the EU without a deal is a possibility. The share price of the steel producer Evraz fell by more than 6%. The grocery delivery firm Ocado lost 5%, while BT Group, Royal Bank of Scotland and Royal Mail all dropped by more than 4%. The slide was matched on Europe's other large markets. (news.financializer.com). As reported in the news.

tech giants: More episodes and clips01 47 02'Bloomberg Markets The Close' Full Show 10/26/2018 02 57How Options Strategist Steve Sosnick Is Trading the QQQ04 07Former FBI Special Agent Reacts to 'Fast-Moving' Bomb Scare Probe47 55'Bloomberg Markets Balance of Power' Full Show the world with Bloomberg News More episodes and clips03 03How Women in the Mideast Are Advancing02 53China's Tech Giants Aren't Copycats Anymore02 33Taking From the Rich Might Not Help the Poor02 43It's Getting Harder to Spot a Deep Fake Video The David Rubenstein Show The David Rubenstein Show Peer-to-Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business, according to Bloomberg. More episodes and clips24 05The David Rubenstein Show Christine Lagarde24 05The David Rubenstein Show Barry Diller48 11The David Rubenstein Show Jeff Bezos24 03The David Rubenstein Show Dr. Source Bloomberg More From Bloomberg Markets The Close04 41FBI's Wray Says Mailed Bombs Were Not Hoax Devices01 44Race to Watch Beto O'Rourke Versus Ted Cruz07 01Twitter Still Has Work to Do Addressing Bad Online Behavior, CFO Says08 18David Rubenstein Says Canada Is an Excellent Place to Invest All episodes and clips Bloomberg Markets Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. Jim Yong Kim See all shows (news.financializer.com). As reported in the news.

trump: We didn't check every single word that Trump said, according to CNN. Instead, we focused on his most-repeated claims, his most surprising comments and superlative boasts about his record, regardless of whether they seemed true or false. So, for two full days this week, CNN tracked everything that the President said the morning tweets, White House speeches, interviews and press availabilities, his campaign rally in Wisconsin and everything in between. Read More What's clear is that Trump is most accurate during prepared remarks and when touting his strong economic record. Some of his claims simply aren't supported by any evidence. But he strays from the truth when improvising with reporters or attacking his opponents. (news.financializer.com). As reported in the news.