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

capital city: By Alexander C. Kaufman SAN JUAN, Puerto Rico Even a little rain threatens Lucy Cruz with what feels like biblical wrath, according to MSNBC. When the skies open up as they often do the Ca o Mart n Pe a, a nearly four-mile canal that connects San Juan Bay to two lagoons in the middle of Puerto Rico's sprawling capital city, floods into her neighborhood. Open Search Log In Join Huff Post Plus Join Huff Post Plus function var disable AdRotation 1 ; var ads Div // enable Queue 0 wait ForGlobal function return window.html AdWH && window.ad SetSync Called; function // override ads Pl in template if 'function' typeof window.ad SetPlId if 'undefined' typeof window.orig AdsPlId window.orig AdsPlId window.ads Pl; if 'undefined' ! typeof window.orig AdsPlId // override ads Net Id in template if 'function' typeof window.ad SetNet Id if 'undefined' typeof window.orig NetId window.orig NetId window.ads Nt; if 'undefined' ! typeof window.orig NetId ads Div.reload Count 0; var recovery Id ''; var needs Recovery recovery Id && recovery Id.length && kraken ad Block && kraken ad Block.active; var ad Id needs Recovery recovery Id '93318099'; // try ad Id ad Id; catch e // Override adtech call type var delivery type default ; var adtech call type ; switch delivery type case by request adtech call type ajax ; break; case text adtech call type text ; break; case iframe adtech call type iframe ; break; case iframe proxy adtech call type f ; break; case collapsed adtech call type fc ; break; default adtech call type fc ; break; var args 'lb', 'lb' ; if needs Recovery function ads Div //html AdWH ad Id, args 0 args 1 fileless ads Div ; ; else html AdWH ad Id, args 0 args 1 adtech call type, ads Div ; if !disable AdRotation ads Rotate Mult ads Div ; if typeof debugadcode 'function' debugadcode 'AdTech', placement 'leaderboard flex', mnid ad Id ads Div ; wait ForGlobal 'jQuery', function function ev, elem if elem && !elem.contains ads Div return; var refresh Rate 1; ads Div.reload Count ; if ads Div.reload Count % refresh Rate 0 && typeof ads Reload Ad 'function' ads Reload Ad ads Div ; ; ; ad SetInView '0' ; ; // wFG html AdWH //modulous queue closing ; if typeof HPAds ! 'undefined' POLITICS 04/21/2019 07 00 am ETPuerto Rico Is The Best Argument For The Green New Deal The island, still struggling under the 2017 hurricane damage, shows why half-measure climate change policies won't work. And with the floodwaters come rats, trash and human feces, flowing through the winding streets. The canal is a literal cesspool. Cruz is one of 26,000 people who live in the communities some of the city's poorest that nestle along the channel. (news.financializer.com). As reported in the news.

projects: Earlier this month, Malaysia's government announced it would resurrect two China-linked projects the East Coast Rail Link and the Bandar Malaysia project, a multibillion-dollar property and transportation project in Kuala Lumpur, according to Global Times China. If Malaysia really ran the risk of being caught in China's web and falling into a debt trap with China-linked projects, why would it resume those China-linked projects Malaysia isn't stupid. Some US observers may try to provoke anti-China sentiment in Malaysia, but those people are going to be deeply disappointed by the result. In any case, the independent sovereign state won't sacrifice its own interests. Malaysian Prime Minister Mahathir Mohamad was quoted by media reports as saying that the project is expected to have a tremendous impact on urban development in Malaysia. The Bandar Malaysia project has an estimated cost of 140 billion ringgit 34 billion according to media reports, imposing a debt burden on the Southeast Asian country, but this doesn't represent the entirety of the project. (news.financializer.com). As reported in the news.

show loss: Musk is gathering investors Monday to reveal the electric-car maker's latest efforts to develop self-driving car technology and his strategy for deploying it, according to Market Watch. The presentation at its Palo Alto, Calif., headquarters is scheduled two days before Tesla reports quarterly financial results, which are expected to show a loss on slumping vehicle sales. Mr. The week's twin billing encapsulates the polarizing nature of Tesla, which has sharply divided investors between skeptics and believers. Musk as the exuberant salesman pitching his futuristic vision for Tesla. Monday's event will likely showcase Mr. (news.financializer.com). As reported in the news.

sought-after summit: World media have long paid close attention to the possibility of a meeting between the leaders of Russia and North Korea, with speculation of a bilateral meeting several times, according to Global Times China. The possibility of a meeting between Putin and Kim was high during the Eastern Economic Forum last year. It is very likely that the meeting would be held after Putin attends the second Belt and Road Forum for International Cooperation in Beijing. They came quite close to meeting each other with Russia even sending representatives to Vladivostok. The much sought-after summit between Putin and Kim deserves special attention because the time and place chosen are very crucial. But the meeting did not take place. (news.financializer.com). As reported in the news.

tokyo prosecutors: Former Nissan Motor Co, according to The Japan Times. Chairman Carlos Ghosn to reach end of detention period for latest arrest over alleged misuse of company funds. U.S. President Donald Trump to welcome Abe in Washington from Friday to Saturday, during which they will discuss key issues including bilateral trade and recent developments concerning North Korea. Tokyo prosecutors are expected to indict Ghosn the same day. Tuesday ; Emperor Akihito, Empress Michiko to visit Emperor Hirohito's mausoleum in Musashino Imperial Graveyard in western Tokyo to mark forthcoming abdication. Go wunderkind Sumire Nakamura, 10, to make professional debut. (news.financializer.com). As reported in the news.

travel advice: If you are in Sri Lanka and have been directly affected by the attacks, please call the main number for the Embassy in Colombo 94 11 5390639, follow the phone message, and select the emergency option from where you will be connected to one of our consular staff, according to The Independent. ISOCountry Groups euro at be cy ee fi fr de gr ie it lv lt lu mc mt nl pt sk si sm es va uk gb us us variants 1 33.4, 2 33.3, 3 33.3 We'll tell you what's true. The latest travel advice says If you are in Sri Lanka and you are safe, we advise that you contact family and friends to let them know that you are safe. You can form your own view. Subscribe now If you're in the UK and worried about British friends or family in Sri Lanka caught up in the incidents, please call the FCO switchboard number 020 7008 1500 and follow the same steps. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

people: His latest book, People, Power, and Profits Progressive Capitalism for an Age of Discontent, will be released by W.W. Norton on April 23, according to CNN. The opinions expressed in this commentary are his own. He is also the co-chair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the OECD, and the chief economist of the Roosevelt Institute. (news.financializer.com). As reported in the news.

estate prices: One way of looking at the transformation from military redoubt to Hollywood idyll is as a triumph of freedom of movement over draconian restrictions, according to The Guardian. But that's not how the Croatian philosopher Sre ko Horvat sees the resulting media attention, rising real estate prices and what he calls the tourist occupation of Vis, where he now lives. Two years ago it was the location for Mamma Mia! Here We Go Again, doubling as the fictional Greek island of Kalokairi. Where once there was a sustainable local community, he writes in his new book, Poetry from the Future, there are weekending easy Jet tourists; where fishermen's boats once rode at anchor, now luxury yachts are moored. He's friends with the former Greek finance minister Yanis Varoufakis, with whom he set up the Democracy in Europe Movement 2025 DiEM25 . He was a regular visitor to Julian Assange, before he was extracted from the Ecuadorian embassy. You probably haven't heard of Horvat, though you will have heard of plenty of people who have. (news.financializer.com). As reported in the news.

uber: There's ample reason for investor caution about an Uber that has never reported a profit in its 10-year history, and heads into its IPO having posted a 2018 operating loss of 3 billion on revenues of just 11.3 billion, according to The Toronto Star. All figures in U.S. Uber CEO Dara Khosrowshahi says Uber intends to become the Amazon of transportation. Uber's coming out on the stock market is the most highly anticipated initial public offering of shares by a Silicon Valley tech giant since Facebook Inc.'s IPO in 2012. Richard Drew / AP FILE PHOTO Uber expects to raise about 10 billion in its May IPO, which would place a total shareholder value on the firm of about 100 billion. That might be chutzpah, but it's not hubris. To its credit, Uber acknowledges in its April 11 IPO filing that achieving profitability is not its goal, at least for now, and that it might never turn a profit. (news.financializer.com). As reported in the news.

opinion articles: Follow her sam vinograd, according to CNN. The views expressed in this commentary are her own. She served on President Obama's National Security Council from 2009-2013 and at the Treasury Department under President George W. Bush. View more opinion articles on CNN. (news.financializer.com). As reported in the news.

trump phenomenon: Check out this story on fsunews link has been sent to your friend's email address, according to MSNBC. Posted!A link has been posted to your Facebook feed. Post to Facebook Trump chases clicks over votes In any event, the Trump phenomenon might be entertaining to some and depressing to others. Join the Conversation To find out more about Facebook commenting please read the Conversation Guidelines and FAQsComments This conversation is moderated according to USA TODAY's community rules. ET April 21, 2019 Updated 2 46 p.m. Please read the rules before joining the discussion.OPINIONTrump chases clicks over votes Brooks Lockett, Contributing Writer Published 12 53 p.m. (news.financializer.com). As reported in the news.

draft amendment: Under the current IPO system, new shares are subject to approval from the China Securities Regulatory Commission before being listed, according to Global Times China. Other revisions in the draft are made in light of new progress of reforms and new developments of the capital market. The latest revisions to the law include rules on the newly-devised science and technology innovation board, which will pilot a registration-based initial public offering IPO system. A draft amendment to the law was previously submitted to the top legislature for first reading in April 2015, mainly to meet the legislative demand of reforming the IPO system toward a registration-based one. New revisions were submitted for a second reading in April 2017 to improve regulation on such areas as stock trading, acquisitions of listed firms, information disclosure and investor protection. The first draft also improved rules on developing a multi-layer capital market system, strengthening investor protection, promoting securities industry innovations and enhancing regulation. (news.financializer.com). As reported in the news.

education camp: Asked what would happen if a Uighur refused to attend, Shu Le's principal, Mamat Ali, became quiet. ; If they don't want to come, they will have to go through judicial procedures, Ali said after a pause, adding that many stay for at least seven months, according to The Japan Times. Shu Le is one of an unknown number of re-education camps in Xinjiang, a Muslim-majority region at the heart of President Xi Jinping's Belt and Road initiative to connect Asia with Europe. Inside are hundreds of minority Muslim Uighurs who have no way of leaving without an official escort, even though Chinese officials who took a group of foreign journalists around the transformation through education camp this past week insisted they were there voluntarily. The U.S. State Department says as many as 2 million Uighurs are being held in the camps, a number disputed by Chinese officials even though they won't disclose an official figure. The schedule was tightly controlled, with events planned from early morning to 11 p.m., and it included stops in many of the same places I visited on an unguided 10-day trip to the region in November. I participated in a government-sponsored tour along with four other foreign media organizations through three cities in Xinjiang. (news.financializer.com). As reported in the news.

equity indexes: First-quarter gross domestic product the official scorecard of the economy's health comes at a sensitive time for Wall Street investors, who have pushed equity values higher, shaking off sluggish domestic growth and the inversion of the yield curve last month a reliable recession gauge, according to Market Watch. Against that backdrop, equity indexes have drifted to their loftiest levels in six months, with bears arguing that it's only a matter of time before an economic slowdown enveloping much of the rest of the world takes hold in the U.S., while bullish investors see few impediments to further gains if the Federal Reserve keeps its interest-rate hike plans on hold for the near term. A first reading of U.S. economic performance in the first three months of 2019 is set to be released next Friday. The soft-landing scenario is playing out for the global economy and it is difficult at this point to see any risks on the horizon that are big enough to drag the U.S. into a recession, wrote Torsten Sl k, chief economist at Deutsche Bank, in a Thursday research note. Nicholas Colas, co-founder of market research firm Data Trek, said sufficient economic momentum to support earnings growth will be the key US equities clearly like this outlook, as long as it comes with enough economic growth to deliver earnings growth in 2H 2019, Colas wrote in a Friday research note, referring to the market's belief that there won't be a rate hike by the Fed over the several months. This backdrop of no recession and stable growth and low inflation and low rates is bullish for risky assets, in particular equities, he said. (news.financializer.com). As reported in the news.

europe asia: Xie said China will participate in the renovation and expansion of Italy's Genoa and Trieste ports, and in the future the two ports are expected to be the new Belt and Road hubs in the Mediterranean region, which will give full play to Italy's regional and economic strengths in Belt and Road construction, according to Global Times China. Xie believed that by enhancing communication and exploring consensus, the European Union's Strategy on Connecting Europe and Asia and the Belt and Road Initiative can boost Asia-Europe cooperation with mutual benefits and win-win outcomes, and better tackle global challenges. The signing of a memorandum of understanding on jointly advancing the Belt and Road construction between China and Italy will further tap bilateral cooperation potential, said Xie Fuzhan, president of Chinese Academy of Social Sciences CASS in a speech delivered at the seminar. When it comes to the future of globalization, Agostino Giovagnoli, Executive Board member of Italy's Luigi Sturzo Institute ILS said We cannot talk about contemporary Italy -- as for any country in the world -- without talking about the globalization process in which China is playing an increasing role. A common vision is indispensable to the development of stable bilateral relations and mutually-beneficial cooperation, according to Giovagnoli. Great importance has also been attached to the cultural globalization. (news.financializer.com). As reported in the news.

law firm: Joining forces with the largest law firm in the world devoted solely to business litigation, Walter Merricks decided to take on the biggest class action in British history, believing millions of consumers had paid higher prices in shops for 16 years because of allegedly excessive transaction fees, according to The Independent. I thought, Right. So when Mastercard didn't respond to a ruling from the European commission that it was profiting unfairly on transaction fees, the lack of contrition propelled him into action. You're on', the former financial ombudsman told the Observer. Last week Merricks's ambition was vindicated when the court of appeal ruled in his favour, meaning the Competition Appeal Tribunal, which had previously thrown out his claim, will have to reconsider it. Let's make this go. (news.financializer.com). As reported in the news.

office cubicle: A reading pillow is propped up against one of the walls, but there isn't enough space for him to stretch out his body, according to The Japan Times. A clothesline rope stretches between two wall sconces for him to dry his laundry, and his kitchen is equipped with a small sink and a single induction cooktop. ; What his room lacks in space, however, is made up for in height. His apartment looks more like an office cubicle, with a desk and computer chair dominating a third of the room. The ceiling of the apartment is 3.6 meters high and three windows have been built into the exterior wall, letting in plenty of light. And unlike many single-person apartments with so-called unit baths that combine a toilet and bathtub, Ito's crib has separate rooms for a shower and high-tech bidet toilet. A white ladder takes Ito up to a 4.5-square-meter loft that's 1.4 meters high tall enough for him to sit upright. (news.financializer.com). As reported in the news.

abuse: Many reported that they had been shoved or barged and a significant percentage said they had been hit, punched or kicked, according to The Guardian. Nearly nine in 10 teachers said they had received some sort of verbal or physical abuse from pupils in the past year. The NASUWT union found that 24% of the nearly 5,000 teachers who sent in feedback said they were on the receiving end of physical attacks each week. Eighty-six per cent said they had been sworn at and 46% said they had been verbally threatened. Several said they did not report poor behaviour because they feared school leaders would take no action, while others said they had been warned that doing so would harm their careers. Funding cuts hamper knife crime prevention in England, say schools Read more Many teachers said the abuse and attacks made them less enthusiastic about their job. (news.financializer.com). As reported in the news.

putin: He made the remark in an interview with Xinhua on Friday ahead of Russian President Vladimir Putin's trip to China for the second Belt and Road Forum for International Cooperation BRF slated for April 25-27 in Beijing, according to Global Times China. Putin's participation in the first and second forums demonstrates that the China-Russia ties are special, Li said. Photo Xinhua The Belt and Road Initiative BRI has facilitated the alignment of development strategies between China and Russia and raised bilateral relations to higher level, Chinese Ambassador to Russia Li Hui said. The ambassador recalled that in May 2015, Chinese President Xi Jinping and Putin signed a joint declaration on cooperation in linking the construction of the Silk Road Economic Belt and the Eurasian Economic Union EAEU drawing a new blueprint at a strategic level for the development of bilateral relations. The initiative comprises the Silk Road Economic Belt and the 21st Century Maritime Silk Road. The BRI, proposed in 2013, aims to build trade and infrastructure networks connecting Asia with Europe and Africa on and beyond the ancient Silk Road routes. (news.financializer.com). As reported in the news.

security commission: Huawei dismissed the allegations in a statement cited by the newspaper, according to The Japan Times. Huawei does not comment on unsubstantiated allegations backed up by zero evidence from anonymous sources, a representative from Huawei told The Times. The CIA accused Huawei of receiving funding from China's National Security Commission, the People's Liberation Army and a third branch of the Chinese state intelligence network, the British newspaper reported, citing a source. ; Earlier this year, U.S. intelligence shared its claims with other members of the Five Eyes intelligence-sharing group, which includes Britain, Australia, Canada and New Zealand, according to the report. The company, the CIA and Chinese state security agencies did not respond immediately to requests from a reporter for comment. The company has said that such concerns by governments are unfounded. The accusation comes at a time of trade tensions between Washington and Beijing and amid concerns in the United States that Huawei's equipment could be used for espionage. (news.financializer.com). As reported in the news.

sign: If you would like to continue to read ... Please sign in or create an account using the button below, according to The Independent. Follow the instructions to create an online subscription. Thank you for reading your allotted free articles on our site. If you are already a print subscriber, an online subscription is FREE. If you need help, please contact our office at 308 382-1000. Sign UpLog InPurchase a Subscription (news.financializer.com). As reported in the news.

re: When you do that, you're sometimes correct, according to Market Watch. And you're sometimes wrong. It's easy to see what's happening now, compare that with what has happened recently, decide you see a trend and conclude that the trend will continue. Oh, so very wrong. Sometimes really surprised. One major thing investors should expect is to be surprised. (news.financializer.com). As reported in the news.

year u.s: Jeff Jonas, who co-manages the fund, described his investment strategy and spoke about several representative stocks in an interview, according to Market Watch. Seeking higher yields The fund seeks long-term growth while paying a high dividend, which may make it appealing for those without pensions in retirement. But the Gabelli Healthcare and Wellness Trust has a distribution yield above 5% and also pursues long-term growth. But where do you shop for yield Yields on 10-year U.S. Treasury notes TMUBMUSD10Y, 0.00% are less than 2.6%. If you look at preferred stocks with low investment-grade ratings, you will probably have to pay a premium for paper yielding 5% or more. A closed-end fund The main objective of the 194 million Gabelli Healthcare and Wellness Trust GRX, 1.46% is long-term growth; however, providing income is a big objective as well, Jonas said during an interview. Or you could take more risk and go for high-yield junk bonds the SPDR Bloomberg Barclays High Yield Bond ETF JNK, 0.08% has an SEC yield of 5.85%. But none of those options offer any potential for growing your investment while paying you dividends. (news.financializer.com). As reported in the news.

men: In 1997, around 25% of under-34s were living in their parents' home, according to the Office for National Statistics, according to The Guardian. Today the figure is 32%. For men, it's even higher; 37% of men aged 18 to 34 lived with their parents in 2017. This major change to family life has happened shockingly fast. The ONS report, Journeying into Adulthood, charts how much the major milestones in life have changed. Now it is 23. In 1997, the typical age at which someone left home was 21. (news.financializer.com). As reported in the news.

case: House prices keep dropping and there's no end in sight Greg Jericho Read more For the past two decades, give or take the odd correction, it's been the same tale of rising prices and increasingly locked-out first homebuyers, according to The Guardian. And so it was the case in my own working-class, albeit gentrifying, suburb where the call of auctioneers became the soundtrack to my Saturday mornings, as 30 or 40 people would compete kerbside to win a 1m mortgage for a house that needed work. They attend auction after auction, but are out-bid by baby boomer and overseas investors, who are amassing huge property portfolios to diversify from stocks, or, in some case, simply get rich and retire early. Younger buyers, watching aghast, couldn't get a bid in unless their parents stumped up extra cash from the auction sidelines. And then, somewhere during the course of 2018, the tide definitively turned. It was the age when consultants flogged cheap apartments under the guise of free property seminars, and spruikers wrote books about how to buy 10 homes before you retire, which inevitably included a chapter on millennials spending too much money on smashed avo and drop-in yoga classes. (news.financializer.com). As reported in the news.

liberation army: The CIA accused Huawei of receiving funding from China's National Security Commission, the People's Liberation Army and a third branch of the Chinese state intelligence network, the British newspaper reported, citing a source, according to Nine News Australia. Earlier this year, US intelligence shared its claims with other members of the Five Eyes intelligence-sharing group, which includes Britain, Australia, Canada and New Zealand, according to the report. To improve your experience update it here News WorldUS says Huawei funded by China spy agency By AAP2 48pm Apr 20, 2019Facebook Tweet MailUS intelligence has accused Huawei Technologies of being funded by Chinese state security, according to the Times of London, adding to the list of allegations faced by the Chinese technology company in the West. Huawei dismissed the allegations in a statement cited by the newspaper. The company, the CIA and Chinese state security agencies did not respond immediately to requests for comment. Huawei does not comment on unsubstantiated allegations backed up by zero evidence from anonymous sources, a Huawei representative told The Times. (news.financializer.com). As reported in the news.