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

venture capitalists: Iguodala, whose interest in tech led to investments in Apple Inc, according to Market Watch. AAPL, -0.91% Netflix Inc. Then, he did something few players do He sought out some of the technorati sitting court-side as fans of Silicon Valley's NBA team. NFLX, -0.73% Alphabet Inc.'s Google GOOGL, 0.57%GOOG, 0.46% and Zynga Inc. Through his networking efforts, Iguodala eventually gained stakes in two of this year's hottest IPOs, Pager Duty Inc. ZNGA, 1.49% huddled with venture capitalists such as Ben Horowitz, Bill Gurley, and Mary Meeker and picked their brains. (news.financializer.com). As reported in the news.

peace stability: Ahmet Yildiz, who is now deputy chairman of the Committee on Foreign Affairs of the Turkish Parliament, said on Friday that the China-proposed Belt and Road Initiative BRI is compatible with Turkey's Middle Corridor project, which contributes to regional prosperity, according to Global Times China. The BRI and Middle Corridor will contribute greatly to regional peace and stability, he said. Photo Xie Wenting/GT Further promoting economic cooperation and more sustainable bilateral trade ties will be a key focus at the upcoming visit of Turkish President Recep Tayyip Erdogan to China on Tuesday, a former Turkish deputy foreign minister said. Turkey's Middle Corridor intends to create new transport routes to Eurasia. The BRI provides an important opportunity for the integration of countries in the region, and Turkey is a key country under the initiative, Turhan said. In an exclusive interview with the Global Times, Turkish Minister of Transport and Infrastructure Mehmet Cahit Turhan said that the BRI and Middle Corridor are complementary. (news.financializer.com). As reported in the news.

tax change: In fact, in their ideal world we wouldn't even realise our finances were being tinkered with, according to The Independent. Despite the army of financial and political experts, analysts, data geeks and consumer campaigners who pore over the fine detail of each tax change, budget announcement and policy detail the occasional tweak slides through unnoticed. Navigating income, outgoings, taxes, benefits, savings, investments, mortgages, loans and the rest isn't made any easier by the constantly shifting sands of politics and policy as the powers that be attempt to cut costs and balance the books without alienating too many voters. And sometimes those quiet changes have fundamental effects in real life. You can form your own view. 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. (news.financializer.com). As reported in the news.

trade frictions: He said in an interview with Xinhua that he got obsessed when looking at international news recently, according to Global Times China. I suffered a great loss because of the US-initiated trade war. Kim Kyung-dong was one of them. Since then, I've been searching the news on it every moment, said the South Korean, who had invested in stocks for about 15 years. Nevertheless, the routine review turned into an obsession since the United States started trade frictions with China, leading to what some call a trade war between the world's two largest economies. It is normal for individual investors, including Kim, to review global news every day as the global stock market is of course affected by international affairs -- what happens in one country affects another, especially in the finance sector. (news.financializer.com). As reported in the news.

zealand canada: Intelligence agencies in those countries declined to comment. ; Western cyberattacks against Russia are seldom acknowledged or spoken about in public, according to The Japan Times. It could not be determined which of the five countries was behind the attack on Yandex, said sources in Russia and elsewhere, three of whom had direct knowledge of the hack. The malware, called Regin, is known to be used by the Five Eyes intelligence-sharing alliance of the United States, Britain, Australia, New Zealand and Canada, the sources said. The breach took place between last October and November. This particular attack was detected at a very early stage by the Yandex security team. Yandex spokesman Ilya Grabovsky acknowledged the incident in a statement, but declined to provide further details. (news.financializer.com). As reported in the news.

debate stage: Follow NBC News' fact checking of the Democratic primary , according to MSNBC. C. Timm candidates such as Joe Biden and Bernie Sanders take the debate stage tonight. (news.financializer.com). As reported in the news.

kirk kristiansen: The consortium taking over the company is 50% owned by Kirkbi, the private investment company of the family of Kirk Kristiansen, the inheritor of the Lego fortune who is said by Bloomberg to be worth 5.7bn 4.5bn . The other half is owned by private equity buyer Blackstone and CPPIB, the Canadian pension fund, according to The Guardian. The bid values Merlin's shares at 4.8bn, plus a further 1.1bn in debt. Merlin, which also counts Staffordshire theme park Alton Towers, waxworks Madame Tussauds and the London Eye among its attractions, had come under pressure from an activist investor to find a private buyer after struggling in recent months. The 455p per share terms represent a 15% premium to the closing price of 395p on Thursday evening, although it is a 37% premium to the price before US investor Value Act wrote a public letter urging the Merlin board to find a buyer. Merlin shares rose nearly 14% on Friday after the takeover deal was announced, to 450p. However, the offer price remains significantly lower than the company's value two years ago, when shares traded as high as 537p. (news.financializer.com). As reported in the news.

measure: And all three claims could be correct, depending on what measure is used to justify it, according to MSNBC. Parsing the political claims on wages is an exercise in fun with statistics. Fact Check Posts Are Wages Rising or Flat By Lori Robertson Posted on June 28, 2019To hear politicians tell it, wages are rising at the fastest rate in a decade, are the same as they were 45 years ago and are at a 60-year low. There are several different ways to measure what's happened to workers' paychecks, leading to disparate and conflicting claims, and confusing messages to voters. The bottom line, as shown in the graph below from the Bureau of Labor Statistics, is that real wages over the long-term peaked in the early 1970s, before generally falling over the next few decades and then beginning to climb back up starting in the mid-1990s. There's not necessarily one way to look at wages and that's why you can get all the conflicting claims, Jay Shambaugh, director of The Hamilton Project and a senior fellow in economic studies at the Brookings Institution, told us. (news.financializer.com). As reported in the news.

print subscriber: Are you a print subscriber Activate your account, according to MSNBC. Sections Partner Industry Insights Latest Inside Apple's long goodbye to design chief Jony Ive1 day 4 hours ago 'Adults Table' Democratic debate smashes ratings records By Anthony Crupi - 1 day 7 hours ago Facebook says it fixed a glitch that led some advertisers to miss campaign goals By Garett Sloane - 1 day 7 hours ago 7 things you should know about the TV/streaming industry this week By Simon Dumenco - 1 day 8 hours ago Agencies, brands and even NYPD rise for a rousing finale to Pride month By Lindsay Rittenhouse - 1 day 8 hours ago Editor's Picks Mary Meeker's 2019 Internet Trends Report 11 highlights and lots of industry insight By Ethan Jakob Craft - 2 weeks 4 days ago More and more brands are creating Lions of their own By E.J. Schultz - 2 weeks 3 days ago Influencers head to Chernobyl after HBO's miniseries and face backlash By Ilyse Liffreing - 2 weeks 3 days ago Facebook says 140 million people view its Watch video portal on a daily basis By Garett Sloane - 2 weeks 3 days ago NYC calls cops on caged-children agency stunt By Lindsay Rittenhouse - 2 weeks 3 days ago Most Popular FCB parts with Nivea amid rising tensions, including allegations of homophobic remark By Lindsay Rittenhouse - 3 days 8 hours ago Chucky from 'Child's Play' meets his match in Reddit comments section By Garett Sloane - 2 days 13 hours ago Cheetos mascot named new Colonel Sanders in partnership with KFCBy Ethan Jakob Craft - 1 day 12 hours ago 'Adults Table' Democratic debate smashes ratings records By Anthony Crupi - 1 day 7 hours ago Amazon encourages brands to go live for Prime Day By Garett Sloane - 1 day 10 hours ago Login %239 %America/New York, %2019 Media 7 things you should know about the TV/streaming industry this week Including Sinclair is under FCC fire and NRATV shuts down By Simon Dumenco. You may unsubscribe at any time. Published on June 28, 2019. Sinclair under fire The Federal Communications Commission is investigating whether Sinclair Broadcast Group Inc. misled the government agency during its unsuccessful attempt to buy Tribune Media Co. last year, The Wall Street Journal's Joe Flint and Lillian Rizzo report. Credit Bloomberg Welcome to the first edition edition of Ad Age TV Brief, a new roundup of news from the world of broadcast, cable, streaming and beyond. (news.financializer.com). As reported in the news.

status: SNH has begun a three-month consultation on removing its SSSI status, according to The Guardian. The move has long been expected but the Trump Organization is furious, accusing the agency of a politically motivated stitch-up. Scottish Natural Heritage SNH a government conservation agency, has recommended that the dunes lose their designation as a site of special scientific interest SSSI because they have been partially destroyed by the course. The area, described by Trump as the great dunes of Scotland when he first proposed building a 1bn resort on the site, is part of an extensive mobile dune system known as the Foveran Links, which stretches north up the coast. Many were bulldozed flat or reshaped by Trump to make way for fairways and greens. The dunes are among the highest in Scotland and shift over time. (news.financializer.com). As reported in the news.

al sharpton: Here's your cheat sheet for where they all stand! Joe Biden Democratic presidential candidate, former Vice President Joe Biden speaks with Al Sharpton during a television interview during the 2019 South Carolina Democratic Party State Convention on June 22, 2019 in Columbia, South Carolina, according to The Independent. Sean Rayford/Getty Former Vice President Joe Biden comes into tonight's race as the one to beat in this Democratic primary, polling far and above his competition with about 32 percent of the vote. Tonight's debate includes the majority of 2020 frontrunner along with some candidates like Williamson and Yang who present very alternative ideas of what the U.S. government should look like. Biden has framed his lifelong career in politics he served 36 years in the U.S. Senate around moderate policy solutions and bipartisan agreements. From his wishy washy views on the Hyde Amendment to his handling of the Anita Hill hearings to allegations of inappropriate touching, Biden comes with baggage. Biden is one of the most experienced candidates running for president in 2020, but controversy often accompanies a long career in politics, and Biden has plenty of that as well. (news.financializer.com). As reported in the news.

asian countries: The initiative was proposed by North Korean leader Kim Jong-un at the Third Plenary Meeting of the Seventh Central Committee of the Workers' Party of Korea WPK held in Pyongyang on April 20, 2018, according to Global Times China. It marked the country's entry into a new development stage in terms of socialist construction, according to a report from the Korean Central News Agency KCNA . The new strategy received unanimous support from all sectors of the country, and won praise from the international community. Photo Courtesy of In DPRK, a tourist agency in China In the spring of 2018, Duan Zhengli, a Chinese businessman who had made investments in Southeast Asian countries, sensed a new business opportunity in North Korea, as the country adopted a new strategy of concentrating all its efforts on constructing a socialist economy. Another report by the KCNA on May 23 said that the international community actively endorsed and supported the new strategic line of making every effort to construct a socialist economy. In the article he said that the meeting on April 20 was a political turning point of great significance, in which all causes of the Party and country are mobilizing various resources including labor, material and technology focusing on socialist economy construction, now that the security of the country and the people has been guaranteed. According to the report, the Hungarian Workers' Party said that the strategic line would help the Korean people further construct a socialist economy under the leadership of the WPK. The front-page of Rodong Sinmun, the WPK's flagship newspaper, published a signed article by WPK Vice Chairman Pak Kwang Ho on April 22. (news.financializer.com). As reported in the news.

health women: Under the G20 process, Japan, as host nation, sets the agenda for discussions on specific economic and financial issues, as well as social and environmental matters that will range this year from health and women's empowerment to climate change and dealing with marine plastic waste. ; The impetus for the current G20 Summit was the global financial meltdown in 2008, when the leaders gathered to discuss how to prevent a similar crisis from happening again, according to The Japan Times. And over the course of the years, the agenda has been broadened to include a more wide-ranging set of concerns and topics. Some 30,000 participants, including U.S. President Donald Trump and Chinese President Xi Jinping, are expected to come to Osaka for the two-day meeting from Friday. All G20 commitments are voluntary and not legally binding. For Japan, hosting this year's G20 has proved to be a challenge. But they serve as an indicator of the general policy direction of the member states on specific issues such as investing in developing countries, which energy sources are likely to be targeted for future development, what future investment opportunities might open up or expand in member states and what kinds of political decisions might be taken, in a broad sense. (news.financializer.com). As reported in the news.

china-britain: The second China-Britain AI Summit explored AI in both countries and took stock of opportunities and challenges, according to Global Times China. Syrus Lohrasb, CEO of China-Britain Business Fusion, told the Global Times, The demand for the China-Britain AI Summit arose from developments of AI in both countries. Photo Sun Wei/GT The development of Artificial Intelligence AI in China and the UK is complementary, as spotlighted by a summit in London that brought together experts from both nations. AI shall create lots of opportunities, from introduction of robots in assisting kids in education, helping the elderly fight loneliness, diagnosing diseases, slowing down carbon emission and climate change, facial recognition and cyber security, assistance in retail and ecommerce, etc. Organized by the China-Britain Business Fusion, the summit showcased seven AI tech presentations in cloud, infrastructure development, face recognition, healthcare, fintech, smart cities and autonomous driving. These are just some examples that offer immense opportunities, improve productivity, ease our lives in the 21st century and lead us to a new era of Industry 5.0, said Lohrasb. (news.financializer.com). As reported in the news.

ipo proceeds: The 62 deals featured during the period marked the highest count in four years, according to Market Watch. Though Uber's UBER, 2.77% 8.1 billion in IPO proceeds helped it lead the pack in terms of deal size, the ride-hailing company looks poised to end the quarter with its shares bobbing around their offering price of 45. Altogether, second-quarter offerings brought in 25 billion, good for a five-year high, according to Renaissance Capital. The company earned a claim to fame when it went public, according to Renaissance, having lost more cash than any IPO ever. Opinion Uber and Lyft IPOs mean the cheap rides are coming to an end The weak reception of Uber shows that investors want to see a clear path to profitability, but strong performance by other tech IPOs and growth stocks from other industries demonstrates that investors are willing to handsomely reward fast-growing companies that have such a path, Renaissance analysts said in the report. Uber's slow start hasn't hurt the overall stock performance of companies that debuted in the second quarter, however, which saw an average return of 30% during the period. (news.financializer.com). As reported in the news.

microsoft msft: Yet, there is something to this, for two reasons. 1, according to Market Watch. Stocks priced under 10 can make big percentage moves in short order. This seems weird, because stock price alone tells you nothing about the merits of an investment. Limited liquidity means relatively small orders push them around more than giants such as Microsoft MSFT, -0.14% or Facebook FB, 1.85% This is great for thrill seekers. A word of warning, though. And maybe even for profits. (news.financializer.com). As reported in the news.

paris agreement: Japan was a slow starter in green finance, according to The Japan Times. It has been gaining momentum over the past one to two years, said Takada. Green finance is a term often used to refer to the ways of financing and investing that are more environmental or sustainable, which has been becoming a global trend since the Paris agreement was signed in 2016. ; Hideki Takada, secretary general of GFNJ YOSHIAKI MIURA Hideki Takada, secretary general of GFNJ and counsellor of IR Integrated Resort Promotion, Government of Japan, came across the idea of green finance when he was assigned by the Ministry of Finance as a senior policy analyst of the Green Finance and Investment at the Organization for Economic Co-operation and Development OECD in Paris from 2015 until the summer of 2018. He met main players of green finance from around the world through his career at the OECD. I wanted to maintain and utilize the extensive network I built there, even after I returned to Japan to work in other fields within the government, he said. The group is made up of more than 120 individuals from over 70 organizations including government ministries and agencies, private companies, academic institutions, local municipalities, financial institutions, international organizations, think tanks, media and nongovernmental organizations. Takada consequently set up GFNJ with two other founders, Takejiro Sueyoshi, CEO of Green Finance Organization Japan and special advisor to the United Nations Environment Programme Finance Initiative in the Asia-Pacific region, and Rintaro Tamaki, president of the Japan Center for International Finance and former deputy secretary-general of the OECD. GFNJ organizes events and symposiums on green finance, gathers and shares information on various green finance activities conducted by its members and outside the organization, and provides a platform for connecting Japanese and international stakeholders. (news.financializer.com). As reported in the news.

care: The court documents focus on MBI Hawthorn Care, MBI Clifton Moor and MBI Walsden Care, the three care home project companies through which Woodhouse raised millions of pounds from private investors, but has so far failed to build any facilities, according to The Guardian. The filing also requests that the Afan Valley adventure resort is included in the administration orders. The move comes a day after an undercover investigation by the Guardian and ITV News highlighted questions about the business interests of Woodhouse, who has raised millions of pounds from private investors but whose firms have a multimillion-pound black hole . Uncovered the 200m theme park, the businessman and the missing millions Read more The filing also came as the Bear Grylls Survival Academy, Woodhouse's partner on his planned new 200m Afan Valley adventure resort in south Wales, said it was conducting a full internal review of the relationship . Creditors to Woodhouse's businesses filed an application with the high court in London on Thursday requesting the appointment of Phil Duffy and Sarah Bell, directors of insolvency firm Duff & Phelps, as joint administrators. A hearing to decide the outcomes of the applications could be set in the coming weeks. The couple say they were due their first interest payment of 78,000 from Woodhouse's company, Northern Powerhouse Developments NPD on 6 June this year but it has yet to arrive. Phil Duffy, managing director of Duff & Phelps, said The latest publicly filed accounts of those four companies show them to all be insolvent on a balance sheet basis so creditors are concerned that they are not going to get their money back . Two of the creditors involved in the application are Vijay Devadoss, a 62-year-old retired NHS orthopaedic surgeon, and his wife Anita, who invested 450,000 in nine rooms in Woodhouse's Clifton Moor development in June 2015. (news.financializer.com). As reported in the news.

american football: The discovery is the first time Chronic Traumatic Encephalopathy has been identified in an NRL athlete, according to Nine News Australia. CTE is a degenerative brain disease found in former players of American football, ice hockey, soccer, rugby union and others exposed to repeated head injury. To improve your experience update it here News Health Brain disease found in former NRL players By AAP1 23pm Jun 27, 2019Facebook Tweet MailA disease linked to repeated concussions in American sport has been found in the brains of two former Australian rugby league players. Researchers and clinicians from Royal Prince Alfred Hospital, NSW Health and the University of Sydney's Brain and Mind Centre made the discovery in two donated brains from middle-aged former professionals who played more than 150 NRL games over many years. Lead author Associate Professor Michael Buckland said the changes in the two brains were distinctive and definitive . I have looked at about 1000 brains over the last 10 years and have not seen this sort of pathology in any other case before, he said in a statement on Thursday. Their identities have been kept confidential. (news.financializer.com). As reported in the news.

chinese consumers: We have withdrawn from China a small number of products that were designed by a collaborator, a Nike NKE spokesperson told CNN Business, according to CNN. The company did not respond when asked to provide more details. The US retail giant said in a statement Thursday that it had decided to remove some of its goods based on feedback from Chinese consumers. The Financial Times reported Wednesday that Nike had pulled a line of sneakers made in partnership with Japanese streetwear label Undercover, which is led by designer Jun Takahashi. Undercover faced sharp criticism over recent comments about Hong Kong protests against a controversial bill that would have allowed the extradition of criminal suspects to mainland China. A guest at London Fashion Week wearing Undercover x Nike sneakers in London in June. context Image Object name A guest at London Fashion Week wearing Undercover x Nike sneakers in London in June. description A guest at London Fashion Week wearing Undercover x Nike sneakers in London in June. url Read More Chinese retailer YY said in a statement on its official social media account that it would not stock Undercover x Nike Daybreak shoes after an urgent notice issued by the Nike brand. (news.financializer.com). As reported in the news.

property sector: Today the market has done well to recover from where we were this morning, said Comm Sec market analyst Steven Daghlian, according to The Independent. The 26-point gain was the biggest move for the ASX this week, with traders apparently noncommittal ahead of a possible US-China trade deal - or not - at this weekend's G20 summit in Japan. The benchmark S&P/ASX200 index finished up 25.8 points, or 0.39 per cent, to 6,666.3 points at 1615 AEST on Thursday, while the broader All Ordinaries was up 26.9 points, or 0.4 per cent, to 6,743. Thursday's gains would have been stronger but the property sector was down a collective 2.2 per cent as many trusts traded ex-dividend. One exception was Westfield operator Scentre Group, which was up 1.5 per cent to 3.97 after announcing it had sold three Sydney CBD office towers for 1.52 billion - a 16 per cent annual rate of return - and announcing an 800 million share buyback. A sea of red in that sector, Mr Daghlian said. (news.financializer.com). As reported in the news.

sun-warped weathered: In such a society, women should not be forced to change nor behave like men, according to The Japan Times. Just like curved wood, a combination of different individuals, each with unique features, can make up a strong society that can continue for more than a 1,000 years. Using a combination of naturally shaped, organic and nonuniform materials some having become sun-warped and weathered over time without changing their form, ancient carpenters designed and built the grand monument that dates back to 607 A.D., with the temple, the world's oldest surviving wooden structure, and its compound now registered as a UNESCO World Heritage site. ; I think a truly sustainable society with diversity is something similar to this ancient method of architecture, Yoshida told The Japan Times in a recent interview ahead of the G20 Summit slated to begin Friday in Osaka. She said women, which account for 50 percent of Earth's population, have been underutilized until now. The March meeting was jointly held with the 5th World Assembly for Women WAW! which was hosted by the Japanese government. We should use our wisdom to do the best we can to build a stronger and sustainable society, and with this in mind, we held the W20 meeting, said Yoshida, who along with Yoriko Meguro, professor emeritus of Sophia University, co-chaired the event in March in Tokyo that discussed ways to close the gender gap in society. (news.financializer.com). As reported in the news.

tariff cease-fire: Meanwhile, the S&P 500 index SPX, 0.58% rose 11.14 points, or 0.4%, to finish at 2,924.92, and the Nasdaq Composite Index COMP, 0.48% finished 57.79 points, or 0.7%, higher at 7,967.76, according to Market Watch. The Dow is on pace for its best June return, up 6.9%, since 1938, while the S&P 500 is on track for its best June since 1955, up 8.2%, according to Dow Jones Market Data. How did benchmark fare The Dow Jones Industrial Average DJIA, 0.28% edged 10.24 points, or less than 0.1%, lower at to close at 26,526.58, marking a third straight decline, its longest slump since a five-session decline ended March 8, according to Fact Set data. What were the drivers A tariff cease-fire between Beijing and Washington would avert the next round of tariffs on additional 300 billion worth of Chinese imports. Terms include the removal of a ban on the sale of U.S. technology to Chinese telecommunications giant Huawei Technologies Co., the removal of punitive import duties, and an end to a request for China to buy additional U.S. exports. The Wall Street Journal reported that Xi will present President Donald Trump terms to resolve a market-rattling trade confrontation ahead of the expected the Group of 20 gathering of developed countries set to take place this weekend. (news.financializer.com). As reported in the news.

trading partner: Some observers believe the words hinted Trump might impose tariffs on the emerging economy, according to Global Times China. The US is an important export market for most Asia-Pacific countries including Vietnam, but the ongoing trade war had made those economies realize their excessive dependence on the US consumer market is an unsustainable way to develop their export-oriented economies. US President Donald Trump on Wednesday described Vietnam as the single worst abuser of everybody and worse even than China, according to The Guardian. Some economies in the region have sped up the process of diversifying their trade partners. Vietnam is the EU's second-largest trading partner in Southeast Asia after Singapore, which signed trade and investment agreements with the EU in October, 2018. The agreements between Vietnam and the EU are the latest examples. (news.financializer.com). As reported in the news.

video: Share to facebook Share to twitter Share to linkedin President Donald Trump walks down the steps of Air Force One at Osaka International Itami Airport, in Osaka, Japan, Thursday, June 27, 2019, according to The Independent. Trump is in Osaka to attend the G20 summit. Games I write about video games and technology. AP Photo/Susan Walsh ASSOCIATED PRESSA new round of proposed tariffs from the Trump administration could have disastrous impacts on the video game industry, console manufacturers Sony, Microsoft, and Nintendo warned in a recent letter. The vast majority of consoles are manufactured in China and would thus be subject to tariffs. Video game consoles and tabletop games are included on a not-yet-finalized list of goods from China that would be subject to the proposed 25% import tax. (news.financializer.com). As reported in the news.

feed: By Luke Mullins Jun 27, 2019 Ben Smith, the editor-in-chief of Buzz Feed News, at the company's office in New York, according to MSNBC. Drew Angerer Getty Images It was around 7 p.m. on a Friday in January when Ben Smith, the top editor at Buzz Feed News, left his house in Brooklyn, stepped into his red Jeep Patriot, and drove to Piccoli, a cash-only Italian takeout spot not far away. Now media's Boy Wonder finds his operation and his company at an inflection point. He bought two orders of spaghetti with meatballs, set the bags of food on the passenger's seat, and headed back home. His cell phone buzzed with a call from one of his best investigative reporters. Darkness had settled over New York City as he navigated the quiet streets. (news.financializer.com). As reported in the news.