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products: Vaping lung injuries now surpass 800 cases nationwide, CDC says Nationally, nearly 7 in 10 patients have been men, and the median age is 23 years, according to CNN. Of more than 500 patients who offered information on what substances they used, nearly 77% reported THC-containing products, while nearly 57% reported nicotine-containing products. The reports, released by the US Centers for Disease Control and Prevention, offer a national picture of who's been impacted, as well as an in-depth look at the outbreak Illinois and Wisconsin -- the first two states to report cases. We are in the midst of a complex investigation that spans nearly all states and involves serious, life-threatening disease in young people who report use of a wide variety of substances and products, Dr. In Illinois and Wisconsin, patient interviews revealed more about what they had been vaping. Anne Schuchat, CDC's principal deputy director, told reporters Friday. (news.financializer.com). As reported in the news.

firm: The world's largest tech investor, Soft Bank had 93 billion at its disposal and a network of global connections second to none, according to CNN. Unlike almost any other venture capital firm, it was capable of single-handedly supercharging businesses and shaking up entire industries. In January, the founders of the dog-walking startup announced they had landed a 300 million investment from Soft Bank's Vision Fund. Launched in 2015 at the height of the on-demand boom, Wag was founded by brothers Joshua and Jonathan Viner, along with Jason Meltzer, who previously ran a traditional dog walking business. The startup attracted endorsements from celebrities including singer Mariah Carey and actress Olivia Munn, who is also an investor. Together, they followed Uber's playbook connect pet owners with Wag's network of dog walkers, who work as independent contractors. (news.financializer.com). As reported in the news.

friday yesterday: I want to see a government that actually cares that workers' entitlements are met, that cares about the need to increase wages for the benefit of the economy, Mr Albanese told reporters in Sydney on Friday, according to Nine News Australia. Yesterday the home improvement giant admitted it has been underpaying some workers for almost 10 years. To improve your experience update it here News National Anthony Albanese labels Bunnings' super bungle as 'wage theft'By Stuart Marsh Senior Producer11 09am Sep 27, leader Anthony Albanese has branded Bunnings underpaying some workers' superannuation for almost a decade as wage theft . That is wage theft. Labor Leader Anthony Albanese slammed Bunnings inadvertent error as wage theft . AAP The Wesfarmers-owned business said it was alerted to an error in its payroll system code that underpaid staff superannuation payments dating back to 2011. In most cases the error will only affect superannuation contributions for May or June of the relevant year Bunnings said in a statement. The error affects part-time team members employed in Australia who worked more than their manual contracted hours from the 2011/2012 financial year onwards. (news.financializer.com). As reported in the news.

office: This was the most in a six-month period since 2014, according to the department's data, according to The Guardian. The increase came after the then Home Office minister Caroline Nokes suspended the controversial scheme in December 2018, saying we will not tolerate people who do not play by the rules and seek to abuse the system . The government later backtracked and kept the scheme in place, but introduced tougher rules from April to tackle organised crime and money laundering. The Home Office granted 255 people tier-1 investor visas in the first half of 2019, allowing them to live and work in the UK for five years. The Home Office granted 124 applications in the three months to the end of June. Home Office data shows that just four applicants had their visas denied. That was an increase from 91 people in the same period a year earlier under more relaxed rules. (news.financializer.com). As reported in the news.

visa scheme: But just months after Johnson helped to raise her firm Innotech's profile by giving keynote speeches at two of its first events, Arcuri won a place on a prestigious government-run visa scheme, giving her firm 15,000 in public funds, according to The Guardian. Arcuri, whose flat Johnson reportedly frequented while he was London mayor, beat nearly 2,000 applicants to be among 200 winners of the Sirius scheme run by UK Trade and Investment now the Department for International Trade . The programme requires candidates or their business to have up to 200,000 available for investment, but Companies House records show Innotech has been consistently in the red since it was founded. Jennifer Arcuri, whose company is being investigated over its eligibility for a 100,000 taxpayer-funded grant, spoke publicly of her difficulties in obtaining a visa. Its first accounts in 2014 showed it had minus 41,540 in shareholders' funds. Her latest company, Hacker House, apparently later claimed to have the backing of Prince Andrew for a scheme providing cyber badges for children. The Guardian also understands that Arcuri attended an event hosted at Buckingham Palace by the Duke of York in December 2014. (news.financializer.com). As reported in the news.

chinese ministry: Under the efforts of both sides, the negotiations have maintained positive momentum and yielded positive progress, Gao Feng, a spokesperson for the Chinese Ministry of Commerce MOFCOM told a press briefing in Beijing, according to Global Times China. The two sides concluded a round of negotiations on Tuesday in Beijing, where they focused on the text of the agreement and discussed the exchange and revision of a demand list, according to Gao. Given the ratcheted-up efforts from China and the EU, the two sides are likely to wrap up negotiations on technical issues by the end of this year and sign the BIT by 2020, as previously planned by top officials, analysts said on Thursday. This was the 23rd round of negotiations between China and the EU, since talks were launched in 2013. Gao said that to reach the goal, the two sides have invested more in the negotiations and increased the frequency of the negotiations, noting that Chinese and EU officials have conducted four rounds of face-to-face talks and they have also been meeting on other occasions and platforms. At a bilateral forum in April, leaders of the two sides determined that they will push to reach decisive progress by the year's end and reach a high-level treaty by 2020. (news.financializer.com). As reported in the news.

earnings: This stark difference is one reason why Ed Clissold, Chief U.S. Strategist at Ned Davis Research said that earnings quality is among the lowest of the expansion and consistent with late cycle behavior by management teams, in a Wednesday research note, according to Market Watch. Ned Davis Research Caption outside of wrapper for normal article images There are several other reasons for concern Clissold wrote, including that in the second quarter of 2019, the gulf between earnings based on generally accepted accounting principles GAAP and what companies are reporting as operating earnings is the 8th widest on record. According to data from the Bureau of Economic Analysis, corporate profits, after adjusting for inventory valuation and capital consumption, remain 3.6% below their peak in the second quarter of 2014, while S&P 500 SPX, -0.53% earnings are on pace to rise nearly 40% between 2014 and the end of the year, according to Fact Set. The implication is that companies are pulling levers up and down the income statement to sustain earnings growth, he said. These purchases have fueled earnings-per-share growth, even as profits have been flat. Yet another reason why earnings-per-share and economy-wide corporate profits are diverging are corporate share repurchases, which he estimates have totaled 750 billion during the past four quarters. (news.financializer.com). As reported in the news.

italy headquarters: The 1.6 billion in investments is part of 5 billion that Fiat Chrysler announced for Italy last year for the years 2019-2021. ; The hybrid Ghibli will begin production next year in the city of Turin, according to The Japan Times. Maserati also confirmed plans to make a new super sports car in Modena, the brand's northern Italy headquarters, and a utility vehicle in Cassino, south of Rome. Maserati, which is owned by Fiat Chrysler Automobiles, is counting on the key product launches for a turnaround after a tough few quarters marked by lower sales and dealer stock reductions. The sportscar will be unveiled in the first six months of next year, a spokesperson said. Investments of 800 million euros are earmarked for Cassino, where a new production line is set to open next year, and in Turin, where updated versions of the Grand Turismo and Gran Cabrio also will be produced. Maserati said it is reinforcing the importance of Italy as its center of production. (news.financializer.com). As reported in the news.

tech: India's domination of Silicon Valley in positions of power is certainly a contributor to its IT sector - the US represents roughly two-thirds of Indian IT services exports - whereas the domination that portrays an exodus of India's brightest tech talents should take the blame for the nation's invisibility in tech leadership at large, according to Global Times China. Mumbai-headquartered IT services major TCS is arguably one of the brightest stars in the nation's sizzling stock market. The sad part yet to be realized or acknowledged is that the achievement attests to, at the most, the South Asian nation's strength in the IT services subsector of the wider tech world. A bull run in the Indian equity market that was not interrupted by a global downturn in 2018 has continued into this year. In one step further, TCS beat IBM in market capitalization in June when Indian stocks surged to record highs. The top tech company in India crossed the 100 billion mark in market value in April 2018, making it the first Indian company to break that barrier. (news.financializer.com). As reported in the news.

forecast: Latest Video Latest Video Weather Weather Links Local Radar & Maps Forecast VideosCBS2 Weather AppCBS2 Weather Watchers More Weather Weather Watchers Weather Videos New York Weather CBS2 9/27 Nightly Forecast at 11PMCBS2's Lonnie Quinn has your weather forecast for September 27 at 11 p.m.6 hours ago New York Weather CBS2 9/27 Evening Forecast at 5PMCBS2's Lonnie Quinn has your weather forecast for September 27 at 5 p.m.11 hours ago Sports All SportsCBS2 VideosCBS Sports Live Giants New York Giants Jets New York Jets Yanks New York Yankees Mets New York Mets Knicks New York Knicks Nets New Jersey Nets Rangers New York Headlines Offense Erupts With 6 Home Runs, Yankees Rout Rangers But Paxton Leaves With Muscle Tightness James Paxton was removed from his final start before the playoffs after one inning because of a tight muscle in his buttocks, overshadowing six home runs by the Yankees in a 14-7 victory Phenom Pete Alonso Crushes 52nd, Ties Judge's Rookie Home Run Record In Mets Win Alonso lined an 0-1 fastball from Atlanta left-hander Dallas Keuchel narrowly over the wall in left field in the first inning Friday night, according to The Independent. Video All VideosCBSN New YorkCBS2 Digital Features Special ReportsCBSN From CBS NewsCBS Sports Live News Weather Snap Shot NYCHealth & Fitness The Dig With Elle McLogan All Latest Videos More VideoCBSN New York News Weather Forecast Sports Best OfLatest Headlines The 5 Best Spots For Coffee In Jersey City Need more coffee in your life Here's a ranking of five spots to get your java fix. Galleries Students Around The World March To Address Climate Change Thousands of students around the world marched and protested to bring awareness to climate change on Sept. 20, 2019. Newark's Best Food And Drink Deals This Week From a macaron-making class to wine tasting, here's how to add some flavor to your social calendar. Rosh Hashanah Dessert Recipes For A Sweet Year To Come For dinner, the main course is certainly important, but dessert is a big part of the celebration. How To Make Italian Meatballs For A Simple, Homey Sunday Dinner Beatrice Tosti, of Il Posto Accanto on the Lower East Side, stopped by to demonstrate how to make Italian meatballs. (news.financializer.com). As reported in the news.

inequality: Income inequality in the United States expanded from 2017 to 2018, with several heartland states among the leaders of the increase, even though several wealthy coastal states still had the most inequality overall, according to the figures, according to The Independent. The nation's Gini Index, which measures income inequality, has been rising steadily over the past five decades. The gap between the haves and have-nots in the United States grew last year to its highest level in more than 50 years of tracking income inequality, according to U.S. Census Bureau figures released Thursday. The Gini Index grew from 0.482 in 2017 to 0.485 last year, according to the bureau's one-year American Community Survey data. The increase in income inequality comes as two Democratic presidential candidates, U.S. Sens. The Gini Index is on a scale of 0 to 1; a score of 0'' indicates perfect equality, while a score of 1 indicates perfect inequality, where one household has all the income. (news.financializer.com). As reported in the news.

power generation: The moves also contribute to energy security, a concern highlighted by recent attacks on oil facilities in Saudi Arabia, according to The Japan Times. At the conference two years ago, the former trade minister, Hiroshige Seko, committed 10 billion in public and private sector financing to LNG projects. The investments will be dedicated toward upstream, midstream and downstream LNG projects mainly in Asia, Sugawara said during a keynote speech at the annual LNG Producer-Consumer Conference in Tokyo. ; Japan, which has drawn criticism globally for sticking to coal-fired power generation as a major energy source, has been doubling up on efforts to promote the development of the global LNG market in hopes of helping to cut carbon emissions. But that was dedicated mostly to upstream endeavors such as the Arctic 2 project in Russia, a Shell-led project in Canada and a project in Mozambique, all of which have LNG production capacity of more than 10 million tons per year, according to Takeshi Soda, director of the trade ministry's international affairs division. The commitment is in addition to nearly 500 experts that Japan has trained over the past few years. Sugawara also said Thursday that the Japanese government and private firms would offer training to help develop an additional 500 experts able to enter the LNG value chain. (news.financializer.com). As reported in the news.

development: This is a year-long campaign to get the world back on track to achieve the Global Goals for Sustainable Development, a roadmap to end extreme poverty, tackle climate change, and reduce inequality by 2030, agreed to by all 193 member states of the United Nations in 2015, according to MSNBC. For video and photos from the launch event, click here. 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First Nations & Native American African American People & Culture Overview Asian Gay & Bisexual People with THE POSSIBLE DREAM, A YEAR-LONG CAMPAIGN TO CULMINATE IN A 10-HOUR GLOBAL MEDIA EVENT SPANNING 5 CONTINENTS FOR THE LARGEST LIVE-BROADCAST CAUSE EVENT IN HISTORYIN PARTNERSHIP WITH TENEO, THE GLOBAL CEO ADVISORY FIRM, THE CAMPAIGN WILL MOBILIZE CITIZENS, CORPORATIONS, GOVERNMENTS, ARTISTS & PHILANTHROPISTS TO ACHIEVE THE UNITED NATIONS GLOBAL GOALS FOR SUSTAINABLE DEVELOPMENTHUGH JACKMAN & DEBORRA-LEE FURNESS, IDRIS ELBA, JILL VEDDER, KATIE HOLMES, RACHEL BROSNAHAN, TREVOR NOAH, and UZO ADUBA TO HOST GLOBAL GOAL LIVEwith performances by ALICIA KEYS, BILLIE EILISH, COLDPLAY, CYNDI LAUPER, D'BANJ, EDDIE VEDDER, EXO, H.E.R., JANELLE MON E, LIZZO, METALLICA, MILEY CYRUS, MUSE, OZUNA, OZZY OSBOURNE, PHARRELL WILLIAMS, RED HOT CHILI PEPPERS, SHAWN MENDES, TIWA SAVAGE, USHER & MORENews provided by Teneo; Global Citizen Sep 26, 2019, 16 06 ETShare this articleNEW YORK, Sept. 26, 2019 /PRNewswire/ -- International advocacy organization Global Citizen, in partnership with Teneo, the global CEO advisory firm, today announced the plans behind Global Goal Live The Possible Dream. PRNewsfoto/Global Citizen,Teneo Teneo The UN Secretary-General, Antonio Guterres, this week called for a decade of action to deliver the Global Goals by 2030 and next year marks the ten-year countdown to achieve the Global Goals. Working alongside, and in support of the United Nations, this campaign will call on governments, philanthropists, and the private sector to step forward, take responsibility for the goals, and provide the 350 billion needed annually for people and the planet to achieve the Global Goals in the poorest countries. The Sustainable Development Solutions Network SDSN has assessed - using official data sets in consultation with the SDG Costing Group co-chaired by the SDSN, International Monetary Fund, World Bank and the OECD - that the world's poorest 59 countries need at least an additional 350 billion a year to achieve the Global Goals. (news.financializer.com). As reported in the news.

travel firm: Ryanair at loggerheads with its pilots over pay and benefits wrote to pilots in a number of airports across Europe including Stansted, Manchester and Dublin on Tuesday, encouraging them to take unpaid leave lasting up to 12 months, or to apply for a job in a base with vacancies, according to The Independent. With yesterday's collapse of Thomas Cook with the loss of 9,000 jobs in the UK and potentially a further 13,000 jobs across Europe, we hope that there will be sufficient applications for unpaid leave/part-time, so we do not have to resort to job losses, state the memos seen by The Independent. The airline is urging its pilots to go on unpaid leave or transfer to other bases to avoid redundancies of the kind that have resulted from the travel firm's collapse. 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. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. You can form your own view. (news.financializer.com). As reported in the news.

research institute: Roboticist Hiroshi Ishiguro right and his assistant pose next to one of his robots at his research center in Osaka in June, according to The Japan Times. AFP-JIJI I don't know when a Blade Runner' future will happen, but I believe it will, the Osaka University professor said. So far that has failed to materialize, but at a secretive research institute in western Japan, wild-haired roboticist Hiroshi Ishiguro is fine-tuning technology that could blur the line between man and machine. ; Highly intelligent, self-aware and helpful around the house the robots of the future could look and act just like humans and even become their friends, Ishiguro and his team predict. Every year we're developing new technology like deep learning, which has improved the performance of pattern recognition, he added. Robots are already widely used in Japan from cooking noodles to helping patients with physiotherapy. Now we're focusing on intention and desire, and if we implement them into robots whether they become more humanlike. (news.financializer.com). As reported in the news.

sanctions: Photo AFP The US is imposing new sanctions on five Chinese nationals and six Chinese companies for shipping Iranian oil, the US Treasury Department announced on Wednesday, according to Global Times China. It is not the first time that the US has blacklisted Chinese companies over Iran. Iranian President Hassan Rouhani told the US to take the first step by lifting all sanctions against Iran, dampening the likelihood of meeting US President Donald Trump. In July, the US issued the first sanctions against Zhuhai Zhenrong, one of China's largest oil traders, after having ended the sanctions waivers for nations importing Iranian oil. The Chinese government can, of course, provide support like tax breaks or cheap financing to the blacklisted companies, but more fundamentally, the US abuse of unilateral sanctions on other countries and companies highlights the need for China to strengthen anti-sanction cooperation with the international community. According to a Thursday statement from China's Ministry of Foreign Affairs China has and will continue to take necessary measures to firmly safeguard the legitimate rights and interests of Chinese entities. (news.financializer.com). As reported in the news.

states japan: The United States-Japan Digital Trade Agreement establishes high-standard rules in this area, demonstrating the continued leading role that both nations play in global rule-making on digital trade, according to The Japan Times. With the conclusion of these early achievements, the United States and Japan intend to conclude consultations within four months after the date of entry into force of the United States-Japan Trade Agreement and enter into negotiations thereafter in the areas of customs duties and other restrictions on trade, barriers to trade in services and investment, and other issues in order to promote mutually beneficial, fair, and reciprocal trade. We share the desire that these agreements will be signed at the earliest possible date and enter into force in the very near future, following the completion of our respective domestic procedures. ; The United States-Japan Trade Agreement will eliminate or reduce tariffs on certain agricultural and industrial products to enhance bilateral trade in a robust, stable, and mutually beneficial manner between our nations, which together account for approximately 30 percent of global gross domestic product. The United States and Japan will faithfully implement the United States-Japan Trade Agreement and the United States-Japan Digital Trade Agreement based on mutual trust. In addition, both nations will make efforts for an early solution to other tariff-related issues. While faithfully implementing these agreements, both nations will refrain from taking measures against the spirit of these agreements and this Joint Statement. (news.financializer.com). As reported in the news.

wagons circle: We're a Microsoft market, Dwane told Market Watch in a recent interview, according to Market Watch. It is the least affected by regulation and trade issues. MSFT, -1.30% as regulatory wagons circle around some popular names in the tech, internet and media space. And it just rewarded its faithful recently with an 11% dividend increase and the approval of a new 40 billion stock buyback program. That puts it right up there in the top ten with defensive names like Lockheed Martin LMT, -1.29%, Mastercard MA, -1.74% Costco COST, -0.80% and Starbucks SBUX, -1.59%. Amid growing concerns about the U.S. economy, defensive stocks have become popular this year, as they represent companies that offer services or products that are in demand through good and bad economic times. While Microsoft isn't one of the quarter's best performers, with a gain of just over 3%, it's the seventh best performer year to date with a 37% gain. (news.financializer.com). As reported in the news.

dollar: Today it opened a new multi-million dollar distribution centre in Adelaide's north, creating 150 jobs, while also promising to deliver big savings for shoppers, according to Nine News Australia. It's exciting, it's scary at the same time, but there's no doubt about it, it's just the only way to eliminate costs and get our prices that are competitive, Drakes managing director Roger Drake said. To improve your experience update it here News National Drakes Supermarkets leaves Foodland retail group after 45 years By Ella Duffy8 30pm Sep 26, Supermarkets, a cornerstone of the Foodland retail group for 45 years, has announced it is leaving the famous South Australian shopping brand. Drakes Supermarkets, a cornerstone of the Foodland retail group for 45 years, has announced it is leaving the famous South Australian shopping brand. 9News At more than three times the size of the Adelaide Oval, the 125 million distribution centre at Edinburgh North will soon be servicing all 40 Drakes stores across the state. We're breaking away and as from Monday we're trading as Drakes Supermarket, Mr Drake said. The move marks a new era for the family-owned supermarket chain, which has now severed ties with the Foodland brand and supplier Metcash. (news.financializer.com). As reported in the news.

reporters wednesday: Trump told reporters Wednesday at the United Nations in New York that a US-China deal could come sooner than you think, according to multiple reports, according to CNN. The news cheered American investors on Wednesday, with US stock markets having their best day in two weeks. Hong Kong's Hang Seng Index HSI gained 0.2%, after US President Trump suggested a trade deal with China might come soon. Investors have been 'trade war' bearish for so long that any sliver of optimism is cheered, wrote Stephen Innes, a market strategist for Asia Pacific at Axi Trader. We welcome these achievements as tangible evidence of the strength of the relationship between our two nations, the two leaders said in a joint statement. Read More Japan's Nikkei N225 also edged up 0.2%, after Trump and Japanese Prime Minister Shinzo Abe signed a trade deal Wednesday, which reduced tariffs on some agricultural and industrial goods for both sides. (news.financializer.com). As reported in the news.

sales: New data by property research firm Core Logic shows that while mortgage rates have reached their lowest level since the 1950s, house sales have fallen steeply too, even as values start climbing, according to Nine News Australia. Over the twelve months to August 2019, house sales fell 17 percent and are about 30 percent below the peak level of sales recorded in September 2015. To improve your experience update it here News National The paradox making it hard to buy a home even with interest rates near zero By Stuart Marsh Senior Producer1 53pm Sep 26, property market is showing signs of life after nearly two years of plummeting prices, but that doesn't mean owners are rushing to cash in. Over the twelve months to August 2019, house sales have fallen 17 percent, and are about 30 percent below the peak level of sales recorded in September 2015. Tim Lawless, Head of Research at Core Logic, said the low rate of sales represented a paradox in the market. AAP Effectively, owners are holding off putting properties on the market despite their value rising. (news.financializer.com). As reported in the news.

ukraine: The Daily the constitutional way to swipe left on a president, according to The Guardian. Will Trump's Ukraine call make it happen 26, 2019 The revelation is a big deal because the president can't just go around using the justice department has his personal Task Rabbit Noah added. And, according to the notes Not only did Trump definitely ask the president of Ukraine to work with his personal lawyer/vampire henchman Rudy Giuliani to investigate Joe Biden, he also tried to rope in the United States attorney general, said Trevor Noah on The Daily Show. You might be wondering if this phone call is so damning, why did Trump even release the transcript Only an idiot would do that! Exactly, and also this is what Trump does, Noah explained. Noah was unequivocal on the transcript's importance. Trump is the only person who would do something so bad, right out in the open, that it makes you question whether it's actually bad. (news.financializer.com). As reported in the news.

london facebook: It also opens up a hole in information integrity on the platform that President Trump could exploit during an impeachment fight, says Chloe Colliver, a lead digital researcher at the Institute for Strategic Dialogue in London, according to MSNBC. Facebook's third-party fact-checkers should be given the scope to fact-check all content equally, no matter the source of that content or claim, she argues. It allows Facebook to avoid making content moderation decisions that would otherwise call into question its objectivity, but the policy's wording leaves too much room for interpretation, say critics. Related You Tube Politicians can break our content rules Politico Newsletter The smart way to start your day Each morning we scour the web for fresh useful insights in our Need to Know newsletter. Subscribe Noted Washington Post licenses its publishing platform Arc to BP Bloomberg ; Accelerate Local announces Digital Transformation Lab for publishers of color Local Media Association ; New York Media valued at about 105 million in Vox Media merger Wall Street Journal ; Citing his falsehoods, Nicolle Wallace of MSNBC cut away from Trump's remarks New York Times API UPDATEKnight-Lenfest Local News Transformation Fund announces 3.3 million grant to API to expand Table StakesAPI will use the funds to manage the core activities of Table Stakes, the fund's local news leadership development program. Sign up below. (news.financializer.com). As reported in the news.

bank accounts: The document, published on the Financial Services Agency's website, sparked angst after showing that a couple in their sixties may need as much as 20 million 186,000 on top of their public pension to cover living expenses. ; Governments around the world are grappling with how to sustain retirement systems as their populations age and interest rates plummet, according to The Japan Times. The problem is most acute in Japan, where people live longer than almost anywhere else and remain averse to investing more of their 17 trillion in financial assets, despite earning virtually zero interest in bank accounts. SBI Securities Co. and Monex Group Inc. have seen applications for defined contribution pension plans surge since the report was released in early June. Now, nervousness over the future of the pension system is prompting some to finally take action, providing an unexpected boon to local securities firms. The era of 100-year lifespans is approaching, and so people are becoming aware that they may have a retirement savings shortfall that they need to prepare for. The 20 million issue is a tailwind for us, said Ryugo Hashimoto, who heads the investment trust and fixed-income department at SBI Securities. (news.financializer.com). As reported in the news.

china: The vigorous domestic consumption market has also continuously attracted foreign enterprises, according to Global Times China. Global Times reporters recently conducted exclusive interviews with representatives from foreign-invested firms in the retail sector, sharing their insights into China's consumption changes. Having become a driving force in China's economic development, consumption is set to remain a major supporting pillar as the nation pursues high-quality development and meets people's demands to pursue a better life. Graphics GT With China's economic development taking great strides over the 70 years since 1949, Chinese people's pockets have been filled with more money to spend. Data from the National Bureau of Statistics NBS showed that Chinese disposable income per capita stood at 19,853 yuan 2790.80 compared with 88 yuan in 1956 and 151 yuan in 1978, when the nation began its reform and opening-up. Demand is no longer for physical products alone, but is now also for various services including catering, tourism and culture. (news.financializer.com). As reported in the news.

jim bianco: The country with the world's reserve currency has the highest policy rate out there in the developed world, Muir wrote, pointing to the chart above, according to Market Watch. If we look back over time, this has often coincided with market crises. But the typically bullish investor behind the Macro Tourist blog pointed to this chart from Jim Bianco at Bianco Research as the pressing reason he's dumping his long positions in U.S. equities and looking for opportunities on the short side Caption outside of wrapper for normal article images His main worry The U.S. is too tight for the world economy. He said the world should follow the U.S.'s lead and implement fiscal stimulus and stop relying on monetary madness. And with the Fed so tight relative to the rest of the world, eventually it causes problems. But our job is not to decide what should be, but calculate what is, he wrote. (news.financializer.com). As reported in the news.