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

households: In Ta-Nehisi Coates' 2014 piece for The Atlantic titled The Case for Reparations, he wrote, Black families, regardless of income, are significantly less wealthy than white families, according to MSNBC. The Pew Research Center estimates that white households are worth roughly 20 times as much as black households, and that whereas only 15 percent of whites have zero or negative wealth, more than a third of blacks do. According to the New York Times, black families in America earn 57.30 for every 100 in income white families earn, and black families hold 5.04 in wealth for every 100 in white family wealth. Effectively, the black family in America is working without a safety net. While the subject has not been popular among candidates in the past both Barack Obama and Hillary Clinton refrained from endorsing reparations it's become a common question asked of the 2020 prospects. When financial calamity strikes a medical emergency, divorce, job loss the fall is precipitous. (news.financializer.com). As reported in the news.

lamont: Ned Lamont makes a point, according to MSNBC. Gov. Select Donate Lamont tries constructive engagement with Trump Politicsby Mark Pazniokas April 18, 2019View as Clean Read Exit Clean Read mark Pazniokas ctmirror.org Gov. Ned Lamont, whose signature proposal to implement congestion-priced tolls on Connecticut's highways turns on approval by the Federal Highway Administration, declined Thursday to join other Democrats in assailing Attorney General William P. Barr's newest take on Robert S. Mueller's investigation of President Trump. Lamont's predecessor, Dannel P. Malloy, was a leader of the Democratic Governors Association and a partisan who never shied from crossing swords with Republicans in defense of Barack Obama, as did he famously did outside the White House after a national governors' meeting in 2014, or in criticism of Trump and Vice President Mike Pence. I'm focused on Connecticut, said Lamont, a Democrat who had happened to be meeting with reporters in his State Capitol office while Barr outlined Mueller's findings in Washington. (news.financializer.com). As reported in the news.

money: The global community remains unaware that through these alcohol research programmes funded by the government, taxpayer money is used to directly subsidise an industry with devastating effects on global health, he wrote, according to The Guardian. Newman, who is now a researcher with the Australian National University's College of Science, went further in comments provided to Guardian Australia. But given the cost of alcohol-related harms, there was little benefit to this research, he argued. He said he spent four years working as a postdoctoral fellow at the CSIRO in plant genomics and research to improve grain varieties. This apparent scientific triumph had, ironically, been spun out of a genuine and effective public health program to make gluten-free cereal an otherwise admirable goal that had been entirely derailed by management, who sold out gluten-free barley to a German beer company. Alcohol industry subverting science to prevent greater regulation, study finds Read more In 2016, the top CSIRO award was granted to a project that made a gluten-free beer, he said. (news.financializer.com). As reported in the news.

operations: The airline has been struggling for months to stay in business and the announcement follows weeks of speculation over its fate, according to CNN. This has been a very difficult decision but without interim funding, the airline is simply unable to conduct flight operations, Jet Airways said in statement. The once-mighty Indian carrier said in a statement Wednesday that it was suspending all flights after failing to secure emergency funding from the country's banks. Shares in the company fell more than 30% in Mumbai on Thursday. It's a huge blow to India's aviation industry as it struggles to meet soaring demand while keeping costs low. Read More The carrier's collapse is the biggest in India since the failure of fugitive billionaire Vijay Mallya's Kingfisher Airlines in 2012. (news.financializer.com). As reported in the news.

sales agent: The airline was founded by Naresh Goyal, who began his career as a sales agent for Lebanese Airlines in 1967, according to CNN. Goyal worked for several other airlines for nearly a decade before founding his own company called Jetair in 1974 to provide sales and marketing services to foreign carriers in India. Jet Airways announced late Wednesday that it was indefinitely suspending all flights after it ran out of cash, marking a swift downfall for an airline that dominated India's fast-growing aviation industry for years. When India liberalized its economy in 1991 and opened up its aviation sector to private players, Goyal seized his chance and Jet Airways began operating in May 1993. Naresh Goyal founded the company with big ambitions and good ideals in terms of developing that airline, and it established itself with a great reputation for service quality at its peak, said John Strickland, director at aviation consultancy JLS Consulting. Over the next two decades, he grew it into one of India's top airlines, adding overseas destinations like Singapore, London and Amsterdam. (news.financializer.com). As reported in the news.

anonymity spain: The official wasn't authorized to speak publicly and spoke on condition of anonymity, according to The Japan Times. Spain, which has large investments in hotels and other tourism-related industries on the island, was the first to react. The decision also deals a severe blow to Havana's efforts to draw foreign investment to the island and comes as President Donald Trump steps up pressure to isolate embattled Venezuelan President Nicolas Maduro, who is holding power with help from other countries, including Cuba, China and Russia. ; Speaking a day before the State Department announcement, a senior administration official provided details of the shift on two decades of U.S. policy on the island. A senior government official said that Madrid would ask the European Union to challenge the U.S. move in the World Trade Organization. National security adviser John Bolton is expected to discuss the new policy during a midday speech in Miami, which is home to thousands of exiles and immigrants from Cuba, Venezuela and Nicaragua. Businesses from Canada, France and Great Britain among other countries also conduct business in properties nationalized after Fidel Castro took power in 1959. (news.financializer.com). As reported in the news.

asset class: BLK, -0.39% Chief Exeuctive Larry Fink says that with stocks knocking on the door of records, a surge to the upside appears more likely than a market collapse, according to Market Watch. That is because so many investors still have lots of cash to put to work, the head of the world's largest asset manager told CNBC in a Tuesday interview. Black Rock Inc. Despite where the markets are in equities, we have not seen money being put to work, Fink said. A meltup is often defined as a sharp and unexpected rise in the price of an asset class, driven largely by a stampede of investors who are more concerned about missing out on a big up move than by improving market fundamentals. We have record amounts of money in cash. (news.financializer.com). As reported in the news.

cent decline: The average UK home cost 226,000 during the month, 1,000 more than a year ago but the slowest annual rise since September 2012, according to The Independent. Despite declining prices in the capital, it remains the most expensive place in the country to buy a home with an average of 460,000, followed by the South East and the east of England, at 316,000 and 290,000 respectively. Prices increased 0.6 per cent in the year to February while London saw a fall of 3.8 per cent - faster than a 2.2 per cent decline recorded in January and the worst performance in a decade. 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.

chinese investments: This would certainly cut off the link between US technology and global technological advancement, according to Global Times China. Nonetheless, the tech world, minus US companies, wouldn't simply cave in to tougher scrutiny of tech deals applied by the US administration. It has so far proven fairly hard to convince the US government to stop erecting excessive barriers for foreign investment in US technology, especially Chinese investments in US tech. If one finds one of the most-favored paths blocked, there would normally be two solutions - either clear the roadblock or take another road. While a majority of China's outbound tech investments announced in the first quarter still flowed to North America and Asia-Pacific, European targets saw a marked increase in popularity, per a new report from London-based technology advisory and investment firm GP Bullhound. Apparently, tech dealmakers in China, increasingly a bustling hub for science and technology innovation, have opted for the second solution. (news.financializer.com). As reported in the news.

earnings report: Gene Munster The managing partner and co-founder of Loup Ventures, and former Piper Jaffray analyst, told CNBC s Fast Money on Tuesday that he doesn't see how the streaming giant is going to make money anytime soon, according to Market Watch. In its earnings report, Netflix NFLX, 1.58% said it added a record 9.6 million subscribers in the first quarter and posted a healthy increase in revenue, to 4.5 billion from 3.7 billion in the year-ago quarter. It is not a good business model. But it warned that its spending will increase, and said it expects around a 3.5 billion free-cash-flow deficit for the year. At 10 a month they would have to add 30 million subscribers he told CNBC. At the current run rate, that probably puts it toward the end of 2020 before they kind of alleviate that cash burn. That raised a red flag for Munster. (news.financializer.com). As reported in the news.

index comp: Investors also parsed a steady stream of corporate earnings and the latest snapshot of the economy via the Federal Reserve's Beige Book, according to Market Watch. What did major indexes do S&P 500 index SPX, 0.16% shed 6.61 points, or 0.2%, to 2,900.45, and the Dow Jones Industrial Average DJIA, 0.42% fell 3.12 points to 26,449.54. U.S. stocks closed lower Wednesday as the health-care sector slumped on concerns over potential adverse impact from future policy changes. The Nasdaq Composite Index COMP, 0.02% declined 4.15 points to 7,976.08. ANTM, 1.43%Cigna Corp. See U.S. stock-market euphoria may be nearing a dangerous level, says RBC strategist What drove the market Health-care shares dropped 2.9%, with insurers Athem Inc. (news.financializer.com). As reported in the news.

maintenance renovation: French President Emmanuel Macron has promised to rebuild the iconic Parisian landmark, and donations and offers of help have poured in, according to Deutsche Welle. The Cologne Cathedral was severely damaged in bombing during WWII. The reconstruction ended in 1956, though today constant maintenance and renovation still take place. The blaze took 15 hours to extinguish, and the full extent of the damage remained unknown two days later as an investigation into its cause got underway. Architect and art historian Barbara Schock-Werner was the master builder of the Cologne Cathedral from 1999 to 2012 and therefore responsible for all of the building's structural conservation work. Deutsche Welle What came to mind when you saw the images of Notre Dame Cathedral in flames Barbara Schock-Werner I felt terrible. DW asked her about the damage to Notre Dame and the reconstruction process. (news.financializer.com). As reported in the news.

keir starmer: In attendance were the shadow Brexit secretary, Keir Starmer, and Corbyn's wily old ally John McDonnell, along with handpicked Corbyn supporters including Diane Abbott and Jon Trickett, plus the shadow international trade secretary, Barry Gardiner, and the Labour peer Shami Chakrabarti, according to The Guardian. Later that day, Corbyn was due to address Labour backbenchers for the first time since the breakaway. How May miscalculated the Brexit numbers game Read more Seven days earlier, Chuka Umunna and his band of splitters had summoned journalists to a press conference to announce they were leaving the party, blaming Brexit policy as well as a failure to tackle antisemitism. With little more than a month left until Brexit day, longtime backers of a second referendum were ramping up the pressure on the leadership. We didn't want a lot of people to start resigning because of that. One of the things people were thinking was that because the splitters the evacuees were making a point about Brexit, we should get our position out there, recalled one shadow minister who was present. (news.financializer.com). As reported in the news.

liu: Jingyao Liu, a student at the University of Minnesota, claims Liu forced himself upon her in his vehicle after the dinner and later raped her at her apartment, according to Nine News Australia. The lawsuit seeks damages of more than 50,000. To improve your experience update it here News World Billionaire sued over alleged rape By Associated Press1 13pm Apr 17, 2019Facebook Tweet MailA woman who said she was raped by JD founder Richard Liu has filed a lawsuit against the billionaire and his company alleging he and other wealthy Chinese executives coerced her to drink during a dinner in the hours before she was attacked. Richard Liu, founder of the Beijing-based e-commerce site JD, was arrested on August 31 last year in Minneapolis on suspicion of felony rape and released within hours. A woman is suing Chinese billionaire Richard Liu centre over an alleged rape. Prosecutors announced in December that he would face no criminal charges because the case had profound evidentiary problems and that it was unlikely they could prove his guilt beyond a reasonable doubt. (news.financializer.com). As reported in the news.

measles: The 43-year-old woman has encephalitis, or inflammation of the brain, a well-known and potentially deadly complication of the virus, according to Nine News Australia. She was otherwise healthy before getting measles. To improve your experience update it here News World Israeli flight attendant in coma after getting measles By CNN7 55am Apr 18, 2019Facebook Tweet Mail An Israeli flight attendant has slipped into a coma after contracting measles, according to health officials. She's been in a deep coma for 10 days, and we're now just hoping for the best, associate director general of Israel's Ministry of Health, Dr Itamar Grotto, said. EPA The flight attendant, who works for El Al, the Israeli national airline, might have contracted the virus in New York, in Israel or on a flight between the two, Dr Grotto said. An Israeli flight attendant has slipped into a coma after contracting measles, according to health officials. (news.financializer.com). As reported in the news.

party: United Conservative Party Leader and premier-designate Jason Kenney thanks the crowd after his party swept to power in the Alberta election Tuesday, according to The Toronto Star. Christina Ryan / For Star Calgary 10 56 p.m. United Conservative Party Leader Jason Kenney a former federal cabinet minister now at the helm of a new party, founded in 2017 will be the province's 18th premier. NDP cabinet minister Shannon Phillips wins tight Lethbridge-West race, while Lethbridge-East goes to the UCPShannon Phillips, the outgoing environment minister, narrowly defended the NDP's only seat outside of Edmonton and Calgary against UCP newcomer Karri Flatla. During her time in legislature, she was also responsible for the status of women file a new post created under the Alberta NDP government. Phillips defeated incumbent Progressive Conservative MLA Greg Weadick in 2015, taking 59 per cent of the vote. (news.financializer.com). As reported in the news.

square mile: But its clear from the Financial Conduct Authority's plan for the year ahead that much of the delay is not Brexit-related, but stems from a deep-seated reticence to interfere in the workings of the Square Mile, according to The Guardian. The move by a New York regulator to slap a 15m 12m fine on Barclays after its chief executive Jes Staley tried to unmask a whistleblower is a case in point. Partly that is the fault of Brexit, which has robbed the organisation of funds and to some extent the energy needed to think of anything other than how quitting the European Union will affect the City. The bank escaped financial penalties in the UK. Instead, Staley was fined 642,430 and Barclays was asked to file annual reports detailing whistleblowing allegations against the bank's senior managers. Sadly, a report is still pending. Another instance concerns the collapse of Halifax Bank of Scotland HBoS and its takeover by Lloyds following the 2008 banking crash, which many believe should have resulted in the former HBoS executives being barred from the City and fined. (news.financializer.com). As reported in the news.

media commentary: Then there was the awkward conversation, which kept returning to one topic in particular the Russian antivirus firm Kaspersky Lab, according to The Japan Times. He also asked Giles to repeat himself or speak louder so persistently that Giles said he began wondering whether I should be speaking into his tie or his briefcase or wherever the microphone was. ; He was drilling down hard on whether there had been any ulterior motives behind negative media commentary on Kaspersky, said Giles, a Russia specialist with London's Chatham House think tank who often has urged caution about Kaspersky's alleged Kremlin connections. The man seated in front of him at the London hotel claimed to live in Hong Kong, but didn't seem overly familiar with the city. The angle he wanted to push was that individuals like me who had been quoted in the media had been induced by or motivated to do so by Kaspersky's competitors. Giles said he met with Lambert twice last year, ostensibly to discuss Giles speaking at a cybersecurity conference that Lambert's company was organizing. The Associated Press has learned that the mysterious man, who said his name was Lucas Lambert, spent several months last year investigating critics of Kaspersky Lab, organizing at least four meetings with cybersecurity experts in London and New York. (news.financializer.com). As reported in the news.

mergers acquisitions: We've simply got too many publicly traded companies, something that's only going to get worse as more and more privately held unicorns, like Pinterest tonight, keep coming public, he says, according to The Independent. Tyler Clifford 7 35 PM ET Wed, 17 April 2019 CNBC CNBC's Jim Cramer on Wednesday said investors could expect to see more mergers and acquisitions in the energy and oil space in 2019. That's why I like Apache, I like Concho, Parsley, and especially Pioneer Nat, because this industry still needs much more consolidation, the Mad Money host says. Anadarko was the first big oil deal this year, but I bet it won't be the last, the Mad Money host said. Chevron made a move on Friday to purchase the oil and gas driller in a cash-and-stock deal worth 33 billion. That's why I like Apache, I like Concho, Parsley, and especially Pioneer Nat, because this industry still needs much more consolidation. (news.financializer.com). As reported in the news.

midmorning trading: On Tuesday, the key market gauge advanced 52.55 points. ; The Topix index of all first-section issues finished up 4.22 points, or 0.26 percent, at 1,630.68, after falling 1.47 points the previous day, according to The Japan Times. The Tokyo market got off to a higher start, tracking a Wall Street rally on Tuesday. The 225-issue average gained 56.31 points, or 0.25 percent, to end at 22,277.97. Selling seemingly to lock in profits took the upper hand in midmorning trading amid the yen's strengthening against the dollar, briefly pushing down both Nikkei and Topix indexes into negative territory. In the afternoon, the price indexes moved sideways amid a dearth of fresh trading incentives. The market soon took an upturn on renewed buying by investors who took heart from stronger-than-expected Chinese economic data released Wednesday, such as January-March gross domestic product and March industrial production, brokers said. (news.financializer.com). As reported in the news.

prabowo subianto: While incumbent President Joko Widodo stressed on Indonesia's thirst for foreign investments, including from China, his opponent, Prabowo Subianto, vowed to review the China-invested railway project linking Jakarta and Bandung, according to Global Times China. The Chinese-relevant topic that emerged in the Indonesian election is not an isolated case. During campaigns, topics over Chinese investment were put under the spotlight. Among developing countries which underwent elections or military coups, China's economic and trade relations with them have become a hot issue, especially since the Belt and Road Initiative BRI was first proposed by China six years ago. An increasing number of Chinese topics show that BRI is of great significance to their economy and people's livelihood. BRI has brought about an inevitable boost in China's influence. (news.financializer.com). As reported in the news.

state council: With Beijing's growth-boosting policy portfolio taking time to kick in over the coming months, Chinese officials and economists have confidence that the world's second largest economy is likely to accelerate at a rate higher than 6.4 percent in the next three quarters, according to Global Times China. In early March, the State Council, China's cabinet, set a growth target for this year of 6-6.5 percent in its government work report to the people. A massive stimulus package, increasing investment and output of high-tech industrial lines have fired up the once sputtering engine. That target is within easy reach. Over the weekend, a rare telephone talk between US President Donald Trump and former president Jimmy Carter revealed that the sitting president is worried about China getting ahead of America. The upbeat growth data for China will buoy up global markets, but it won't cheer everybody up. (news.financializer.com). As reported in the news.

vermont answers: The morning after and again on Tuesday night, Trump confirmed Sanders' well-founded suspicion with a series of snappish tweets, alleging the network had stuffed the room, which applauded many of the Vermont independent's answers, with Bernie supporters, after initially -- about 10 hours earlier -- calling it so weird to watch Crazy Bernie on Fox News, according to CNN. Indeed, the sight of any Democrat -- much less a democratic socialist running for the party's presidential nomination -- in a venue so closely aligned with the Trump administration, is an unusual one. At a Fox News town hall in Bethlehem, Pennsylvania, on Monday night, Sanders mused to the moderators that President Donald Trump, who watches your network a bit, might be tuned in for the festivities. Sanders' decision to tread those uneven boards upset more than a few liberals commentators, who worried that his presence alone might gift the network some undeserved credibility. Sanders, who capped off his four-day, five-state trek through the Upper Midwest with the Fox News event, believes his path to the White House runs directly through Trump Country. For Trump, though, the notes of aggravation in his tweets pointed to a broader new conflict Here, for the first time, one of the candidates vying to deny him a second term had stood up on his stage, in front of an audience Trump views as his own, and delivered an unflinching case against him. (news.financializer.com). As reported in the news.

staff college: Open Forum About James Joyner James Joyner is a Security Studies professor at Marine Corps University's Command and Staff College and a nonresident senior fellow at the Scowcroft Center for Strategy and Security at the Atlantic Council, according to MSNBC. He's a former Army officer and Desert Storm vet. James Joyner Wednesday, April 17, 2019 72 comments Have at it. Views expressed here are his own. Comments Teve says Wednesday, April 17, 2019 at 08 00Trump attorneys warn accounting firm not to hand over financial records The president's attorneys urged Mazars USA to not comply with an imminent Democratic subpoena. Follow James on Twitter DrJJoyner. (news.financializer.com). As reported in the news.

stimulus resolution: Alexandria Ocasio-Cortez's D., N.Y. Green New Deal resolution, according to MSNBC. The Green New Deal is a 14-page economic stimulus resolution that was released back in February by self-described democratic socialist Ocasio-Cortez and Sen. Beto O'Rourke Texas on Tuesday said he backs the Green New Deal because it will spur a scale of sacrifice similar to World War II.O'Rourke, who announced recently he was running for president, spoke to college students at the University of Virginia, where he touted freshman Rep. Ed Markey D., Mass. aiming to fight income inequality and climate change. Ocasio-Cortez's proposed Green New Deal is that it calls to mind another time in this country's past when we faced an existential challenge, O'Rourke said. One of the reasons I like Rep. (news.financializer.com). As reported in the news.

things: You can also get 5 Things You Need to Know Today delivered to your inbox daily, according to CNN. Sign up here. And here's what else you need to know to Get Up to Speed and Out the Door. (news.financializer.com). As reported in the news.