long term

Writer market

Eagles News: Colts rumored to be interested in Gardner Minshew trade

Let’s come to Philadelphia Eagles connections …

Report: Colts may be interested in trading for Eagles QB Gardner Minshew – Reuters
The Indianapolis Colts can’t get enough of the Philadelphia Eagles quarterbacks, allegedly. According to CBS’ Jason La Canfora, trading for Gardner Minshew could be plan B for the Colts if they can’t find a way to add a more decorated starting quarterback first. […] I don’t know if anyone is trading Minshew as a starter in 2022 because they absolutely have to get him, but he might be an option for a team that loses a quarterback to injury in the offseason, or like in La Canfora. example above with the Colts, if they run out of other options first.

NFL Mock Draft Roundup: David Ojabo is the Eagles’ most popular pick – BGN
The 2022 NFL Draft is just 46 days away! Let’s pass the time together until then by looking at who the fictional drafts selected the Philadelphia Eagles with their three first-round picks as a result of the Combine.

Eye on the Enemy #87: Talking Wentz trade with Mark Bullock + Wilson trade, Ridley suspension, Fletcher Cox trade rumors – BGN Radio
In the latest episode of Eye on the Enemy, John Stolnis chats with Commanders writer/analyst Mark Bullock, formerly of The Athletic, now alone on the Wentz trade. John also breaks down the Russell Wilson trade, Aaron Rodgers signing, rumors surrounding DeShaun Watson and the Eagles’ reported interest in Calvin Ridley before the suspension, Fletcher Cox trade rumors and the latest Dallas Cowboys.

Prepare – Iggles Blitz
There have been rumors of JuJu Smith-Schuster as a target. He’s had his ups and downs as a player, but is only 25 and would be a natural fit in the slot. With him in there and fast guys like DeVonta Smith and Quez Watkins on the outside, Hurts would have good options all over the court. Would you agree to replace JJAW with JJSS? Some have suggested Keelan Cole as an Eagles target. It wouldn’t cost much and would fit into a group of receivers. Cole can do dynamic captures. He will block and he has some experience as a returner. Cole isn’t special, but checks a lot of boxes. Dave Caldwell drafted him to JAX and Caldwell is now part of the Eagles front office. If the Eagles want to spend the money, Christian Kirk could be a target. He played in the slot machine and outside. Kirk is young, talented and productive. He’s going to cost over $10 million per season, with some speculating he could get $15 million. How much is it worth? How aggressive do the Eagles want to be?

Inside Roob’s Sightings: A Former Eagle Roseman Needs To Be Brought Back – NBCSP
2. Quez Watkins’ 647 yards are even more impressive considering he had three or fewer targets in 10 of 17 games. Of 91 wide receivers who had at least 50 targets last year, Watkins ranked 5th with 10.4 yards per target. Behind only Deebo Samuel, Kendrick Bourne, Ja’Marr Chase and Tyler Lockett. Not a bad company.

Panthers are betting favorites to land Deshaun Watson – PFT
While the trade market for Texans quarterback Deshaun Watson is in overdrive, a betting market is emerging. The folks at PointsBet have compiled the odds for the next team that Watson will take a nod to. The favorite is the Panthers at +175. However, until it’s known that Watson has changed his mind about the Panthers (he refused to waive his no-trade clause for Carolina a year ago), it’s a risky bet. . Next come the Buccaneers at +400, followed by the Seahawks at +450 and the Texans at +500. The Browns are at +700, the Eagles at +800, the Dolphins at +800, the Saints at +1000 and the Steelers at +1000.

BREAKING: Dallas Cowboys trade WR Amari Cooper to Cleveland Browns for fifth- and sixth-round picks – Reuters
Dallas sends Cooper and his own sixth to the Browns in exchange for Cleveland’s fifth- and sixth-round pick, so the real net is only one pick. Obviously it’s not a lot but it’s something that’s more than nothing. The biggest win for Dallas here is Cleveland taking over the entire contract from Cooper who the Cowboys desperately wanted off their books despite agreeing just two years ago. It’s been a long road to get here, but we got there nonetheless. All told, the Cowboys offense enjoyed a renaissance with Cooper in the fold and they are now officially moving on without him. CeeDee Lamb will be tasked with being the team’s best receiver and Michael Gallup (assuming he returns) will also contribute. [BLG Note: The majority of BTB’s audience graded the Cooper trade as a ‘D’ or ‘F’.]

Giants free agency preview: ‘Very calculated’ offseason begins – Big Blue View
So what’s the plan? Schoen said the plan had to be “very calculated”. He admitted to the Combine that the biggest issue is how to straighten out the squad cap situation while fielding a competitive squad in 2022 is “the big question”. Expect low-cost moves with high-potential players, like signing Gono. Targeted short-term signings of second-tier free agents to supplement needs, perhaps like recently released former Buffalo Bills guard Jon Feliciano. Nothing splashy. Nothing too expensive. Nothing long term. We’ve seen a lot of this before. Let’s just hope Schoen and Co. are better than their predecessors. “We want to compete today and also build for tomorrow,” Schoen said. “I think if we’re able to do this in the right way, I think there’s a real possibility that we can do it.

Mark Tyler’s Hogs Haven Mock Offseason 3.0 – We’ve Got Our QB! – Haven of Pigs
I hope Wentz can be our quarterback for the future, and I’m willing to give him that chance to prove himself, rather than signing a rookie to sit behind and learn from him in what many consider as a weak class. If he works; awesome. If he doesn’t, we can look to the 2023 draft for a signal caller. Since we don’t have a ton of cap space right now (although we could easily do more), I’ve set out to fill some holes in free agency with players that won’t break the bank . Pairing Ertz with his former quarterback does two things. First, it gives Carson a familiar face, which should also be a confident one in the locker room. And two, it gives us a nice vertical threat to the position, AND insurance in case Logan Thomas doesn’t make a 100% recovery from the knee injury he suffered at the end of last season.

Tribute to Jordan Hicks – Revenge Of The Birds
Thank you, captain Jordan Hicks, for the key role you played in helping the Cardinals to 11 wins and the team’s first trip to the playoffs since 2015. You are a winner, both as a player in the NFL and as a man of character. Best wishes to you on the next leg of your NFL journey. Much respect to you, #58.

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Reading and writing

KT Exclusive: Sheikh Zayed’s granddaughter talks about writing for children – News

Sheikha Salama showcases Emirati culture through her books

Photos provided.

Published: Sat, March 5, 2022, 11:38 AM

Last update: Sat, March 5, 2022, 11:52 AM

Acclaimed Emirati children’s author, Sheikha Salama Bint Hazza Al Nahyan, has not only set out to promote education for children across the UAE, but succinctly presents the Emirati heritage through her five children’s novels.

Inspired by the legacy of her late grandfather, His Highness Shaikh Zayed bin Sultan Al Nahyan, Sheikha Salama is determined to leave an indelible mark not only as an author, but even through her impactful recent initiatives in the fields of art, culture and heritage and beginnings. childhood development.

In an exclusive interview with Khaleej timesshe opens up about her love for her beloved country through her writing, while shedding light on the UAE’s deep heritage, to build a better future.

Sheikha Salama, who began her writing journey at the age of 21, recalls her parents’ crucial role in motivating her, as the literary world gradually became rewarding and nuanced for her.

She recalls: “When I was a child, my parents had a foundation that promoted reading, art and the education of children. The foundation shared stories written by locals and the artwork was also done by them. At the end of the year, a prize was awarded to the best authors and illustrators. Many children have read these books, even as a child I read them, they were rich in Arab history, culture and moral and positive values. I remember going to these events and meeting great authors and illustrators. I think all of this influenced me in one way or another.

The talented author made her debut as a writer in 2019 with her first book The Invisible Orphans.

Since then, through her writings, Sheikha Salama has been a tireless advocate for literacy and education for children, persevering in defining the values ​​that she believes must be instilled in young minds at an early stage to promote a prosperous future.

“In children’s books, I like to emphasize morals and positive values. For example, in Invisible Orphans, the children became invisible because they didn’t listen to what the old people asked them to do. They did something they shouldn’t have done and in the end they found out that by helping to build houses for people they become visible again. Therefore, each story focuses on different but similar values,” adds Sheikha Salama whose early work was about loss, sacrifice, courage and unconditional love.

The renowned author has also published four other books namely A Play on Child Rights, The Well of Mysteries, Umm Al Nar and The Horse, The Saluki and The Falcon.

Additionally, striving to contribute to the education system in the UAE, Sheikha Salama has also partnered with various schools across the UAE, including Bright Learners Private School and Star Education, to further promote the importance of reading.

“Children are the next generation. If we want a better future, it starts in our homes and with our children. This subject is close to my heart because every child carries innocence within him. Their childhood shapes them in the long term and so does their future children and society as a whole. They have the right to be children, to play, to learn, to be supported, to be loved and listened to. These are the qualities that I tried to highlight in a play on the rights of the child,” she repeats.

She felt the ripple effects of her writing when a young Emirati wrote to her, forcing her to realize that each dark scenario illustrated the role of history in changing a system.

“A memory that I will always hold close to my heart is when I received a letter from a local girl saying that she loves to read books. She read Umm Al Nar and saw the sad wounded deer in the story. One day, at school, she learns that the Arabian oryx is on the verge of extinction. She now wants to raise awareness about this topic by writing stories about them and helping save them as they are beautiful creatures. That day I realized how stories not only change lives, but also help influence or awaken a part of you that you were never aware of,” she says.

Further adding to her vision, Sheikha Salama has also partnered with various schools across the UAE including Bright Learners Private School and Star Education to further promote the importance of reading.

The author highlights how entering into the lived experiences of others through books can help us develop empathy.

“When you read a story, there are many characters with different personalities, perspectives and varying lifestyles. The more the story unfolds, the more you understand why they are the way they are. Even the villain in a book doesn’t just become a villain because he decided to wake up one day and become a villain, there’s always something that triggered him.

She explains that reading can increase “perspective taking,” which is a skill necessary for empathy. It makes us think deeply about our own lives and teaches us things beyond our personal experiences.

“When you read, it takes not only empathy to understand someone’s background, but also patience and understanding. Reading activates the imagination. When you read, your mind imagines certain places, scenarios, or what someone is like. It trains the mind to imagine, and imagination is very important. It inspires a person to think outside the box,” added Sheikha Salama.

This year, the seasoned writer plans to begin writing her latest novel, while continuing to participate in meaningful initiatives that build a culture of reading, such as book fairs in the emirates of Dubai and Sharjah that aim to promote children’s literacy in the country. .

Commenting on the need to extend the joy of reading and learning to children, as parents strive to keep the current generation away from screens, she says: “Having a schedule throughout the week with different activities, physical, mental and spiritual is imperative. . It is very important for a child to try different things so that as he grows up he can restrict his passions and hobbies. It shapes their future.”

“Games and TV should be a healthy boundary for a child, they shouldn’t be banned or they’ll feel left out of what other kids like to do, but it’s important to set a healthy boundary,” he said. -she adds.

The multiple reading initiatives in the country contribute to improving the rate of literacy, creative and analytical thinking, and broadening one’s horizons on a personal and professional level.


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Writer market

Amazon plans to close more than 50 physical stores.

Amazon is closing more than 50 of its physical retail stores, including two dozen bookstores and more than 30 4-star Amazon stores selling general merchandise, the company said Wednesday.

The company’s more than 500 Whole Foods Market stores and two dozen Amazon Fresh grocery stores will remain open.

The company plans to “focus more on our Amazon Fresh, Whole Foods Market, Amazon Go and Amazon Style stores and our Just Walk Out technology,” Betsy Harden, a company spokeswoman, said in a statement. “We remain committed to creating great, long-term physical retail experiences and technologies, and we’re working closely with our relevant employees to help them find new roles within Amazon.”

The move eliminates companies that have failed to gain ground for the internet giant, which has tried for years to compete in retail without finding breakthrough success.

Documents filed by the company show that sales at its physical stores have declined. In 2018, the first full year after Amazon bought Whole Foods, its brick-and-mortar stores made more than $17.2 billion in sales. Last year, that amount fell below $17.1 billion. (These figures do not include online sales for grocery delivery and pickup.) The company doubled its overall sales during the same period.

Amazon has been playing with physical stores since opening its first bookstore in 2015 in its hometown of Seattle. At the time, rumors that the company was opening its own store prompted journalists to dig up plans. Over time, Amazon has opened bookstores in 13 states.

Amazon announced another experiment, 4-star Amazon stores, in 2018. They housed an odd jumble of products that were well-reviewed on the company’s website. “This store treats trade like a tornado,” wrote a New York Times writer, describing a SoHo store that opened in 2018.

The closures, which were reported earlier by Reuters, include some remaining Pop-Up kiosks, which were small mall stores that Amazon downsized significantly in 2019.

Despite its success in e-commerce, Amazon continues to experiment with new types of physical stores. It has opened about two dozen cashierless Amazon Go stores, which are largely small take-out convenience stores in cities, and it recently added cashierless technology to a Whole Foods store. Within a few years, Amazon also opened a new line of Amazon Fresh stores that sell conventional groceries, like Coca-Cola, that Whole Foods doesn’t stock.

In January, Amazon announced its first clothing store, Amazon Style, which will test whether customers opt for a technology-driven shopping experience, such as using an app to request items in a dressing room.

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Fiction publisher

Recommended reading for computer science: non-fiction, fiction and philosophy

You can learn a lot about coding just by trying it. But for expert advice and insight into the past and future of the computer science field, you’ll want to open a computer science book.

Computer science textbooks build useful skills, while computer science fiction can be fascinating, fun, and informative all at the same time. Computer science books on philosophy provide insight into the relationship between computers, logic, and human experience.

Here are our recommended computer science reads to get you started.

Craftsmanship: the best books for teaching computer science

Computer textbooks and non-fiction provide insight into computer systems, processes, and technologies. They also provide advanced information to enhance your knowledge as you explore the latest ideas in computing.

Computer books range from comprehensive to extremely specialized. From training manuals to textbooks, works like these take up space on the shelves of computer science students, professionals and hobbyists.

Gödel, Escher, Bach: An Eternal Golden Mat

By Douglas R. Hofstadter

This book explores maps and the links between formal systems. Hofstadter identifies formal systems as the foundation of all mental activity. He uses Kurt Gödel, MC Escher and Johann Sebastian Bach to illustrate the nature of human intelligence and mind. Short stories, puns and riddles flavor the work.

Introduction to the Theory of Computation

By Michael Sipser

The book facilitates a clear understanding of simple and complex computer theory topics and concepts. Practical exercises and exercises accompany the practical and philosophical exploration of theorems, proofs and comparable mathematical treatments.

land of lisp

By Conrad Barsky

This book is an accessible guide to one of the oldest and most influential coding languages, LISP. Barski’s comics, games, and pictures introduce LISP syntax and semantics. Readers learn how to program games, use advanced features like macros, and build a web server with LISP.

The design of everyday things

By Don Norman

Norman’s book presents simple rules for functional design. The work incorporates ideas from ecological psychology, ergonomics, behavioral psychology and communication. Computer scientists might appreciate his advice on user-centered design.

The little schemer

By Daniel P. Friedman and Matthias Felleisen

This book presents computer science as an outgrowth of mathematics via the Scheme programming language. It uses illustrations to explain complicated ideas. The book’s conversational tone helps make a difficult topic accessible to computer novices and advanced programmers alike.

Types and programming languages

By Benjamin C. Pierce

Pierce presents a comprehensive guide to type systems and programming languages ​​from a theoretical and practical point of view. Programming examples and exercises accompany each section. Topics include simple type systems, universal and existential polymorphism, and type operators.

Fiction: the most entertaining books on computer science

Computer literacy isn’t just in textbooks. The novels explain the history of computing, its role in today’s society, and how it could influence our future.

Computer science fiction books can give you insight into a new aspect of the field or explain something you couldn’t quite grasp in textbook form. They can also bend your mind, give you a sense of escape, and make you think about the relationship between humans and computers in a completely different way.


By DF Jones

The first book in the trilogy of the same name, the book explores the creation and power of a supercomputer called Colossus. The speed, artificial intelligence and authority acquired by Colossus propel the creation of a rival, Guardian. Struggles of man against machine, of machine against machine, of man against man run through the work.

The divine machine

By Martin Caidin

Published in 1968, Caldin’s novel follows Steve Rand, a cyber technician working on an artificial intelligence project for the government. Dubbed Project 79, the creation quickly spirals out of control, prompting Rand to take action.


By Neal Stephenson

Stephenson intertwines the lives of Lawrence Pritchard Waterhouse and his grandson, Randy. This quick and seemingly prophetic work explores technological developments and the aftermath of World War II, the rise of the Internet, and the importance of data encryption.


By Mikhail Voloshin

Voloshin’s main character, Danny, lived as an obscure computer scientist until tech investor Jason Tuttle brought down his employer. Danny offers Tuttle his IT services. The new job goes awry when Danny gets mixed up in the Russian mafia.

The moon is a harsh mistress

By Robert Heinlein

Heinlein’s classic sci-fi novel is set on the moon, where a self-aware supercomputer rules a penal colony. The book sheds light on the complex relationships between humanity, technology, morality and freedom.

When Harlie was a

By David Gerold

Harlie (short for Human Analog Replication Lethetic Intelligence Engine) works like an artificial intelligence machine. Harlie is tasked with understanding human behavior. Its creator, David Auberson, panics when he realizes that Harlie knows a lot more than he could have imagined.

Philosophy: Required Reading for Computer Scientists

Why combine philosophy and computer science? Philosophy uses logic and reason to answer humanity’s biggest questions and examine the human experience – goals shared by some computer scientists.

Philosophy and computer science have their foundations in logical reasoning. The former is concerned with words, while the latter applies numbers and symbolic forms.

Books on computer science and philosophy explore how the two disciplines relate and inform each other and how they can progress together.

Checklist manifesto

By Atul Gawande

This book encourages the use of checklists for large and small tasks. Using stories from around the world, Gawande highlights the effectiveness of checklists and how they can promote change. Computer scientists will appreciate the book’s focus on getting it right.

Ethics in the Information Age

By Michael Quinn

This book advocates careful consideration of the long-term and short-term consequences of technology by examining its social and ethical advantages and disadvantages. Quinn uses ethical theories to discuss and analyze issues facing IT professionals and contemporary computer users.

how the mind works

By Steven Pinker

This work asks fundamental questions about the human mind. Pinker combines cognitive science, evolutionary biology, information technology and art to explain how humans think and behave. Combined, these disciplines can provide insight into the future of the human mind and artificial intelligence.

Buyer beware – and enjoy

The computer science books on this list give you different perspectives on the discipline. Some are more technical, while others are aimed at a general audience. Reviews can help you decide if each book belongs on your reading list.

Old computer manuals can be hard to find, so be sure to use a reputable seller or publisher. Some sellers may offer scanned and printed or digitally produced editions at a lower cost. Always check reviews (and make sure they match the product being sold) before buying a book from a third-party seller.

Most importantly, enjoy diving deeper into computing.

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Reading and writing

Russia’s war with Ukraine is already costing the Russian economy

MOSCOW — President Vladimir V. Putin has ushered in a crisis for his country — in its economy and its identity.

The Kremlin hides the reality of the country’s attack on Ukraine from its own people, even cracking down on the media who call it a “war”.

But the economic carnage and societal upheaval wrought by Mr. Putin’s invasion is becoming increasingly difficult to hide.

Airlines have canceled once-ubiquitous flights to Europe. The Central Bank rushed to deliver ruble notes as demand for cash soared 58 times. Economists warned of higher inflation, greater capital flight and slower growth; and rating agency S&P downgraded Russia to junk status.

The emphasis on concealing the true scale of the war was a sign that the Kremlin feared the Russians would frown on a large-scale, violent invasion of Ukraine, a country where many millions of Russians have relatives and friends. .

Even so, more state-connected public figures have spoken out against the war, including a Russian parliament lawmaker. Business owners tried to assess the consequences of an economic crisis that seemed to be already starting, even before the sanctions were fully in place.

Facing the greatest test yet of its reality-distorting prowess, the Kremlin’s propaganda machine seemed for the moment to contain widespread opposition to the war. There was no indication that the war could undermine Mr Putin’s grip on power and, if won quickly, analysts noted, could end up strengthening it.

But the enormous risks of war, along with the economic strain the country is suddenly under, have created a new and more treacherous reality for the Kremlin and Russia’s 145 million people.

The Russians were amazed at how quickly the economic impact of the war was felt. The ruble hit an all-time low against the dollar, which traded at around 84 rubles on Saturday from 74 a few weeks ago. This has pushed up import prices, while sanctions on Russia’s biggest banks have wreaked havoc on financial markets and new export restrictions promised to scramble supply chains.

“Those who shout that Putin is awesome and well done don’t shout so loud anymore,” said Lalya Sadykova, owner of a chain of beauty salons in St. Petersburg. “They are in shock at what is happening, how quickly prices are changing and how suppliers are stopping deliveries.”

The chief executive of one of Russia’s biggest electronics retailers, DNS, said on Thursday that a supply shortage had forced his chain to raise prices by around 30%. A few days earlier, the director general, Dmitry Alekseyev, had posted on Facebook: “For my life, I don’t understand why Russia needs a war.”

“I understand that prices in stores cause frustration,” Mr. Alekseyev wrote. “But that’s the reality.”

S7, Russia’s second largest airline, has suspended all flights to Europe due to the closure of airspace to Russian companies, an early sign that the cheap and easy trips to the West that Russians in the middle class had become accustomed could become a thing of the past. Photos of retailers changing or removing their price tags have gone viral on social media.

“We are all waiting for the sequel,” Anastasia Baranova said, describing a flurry of cancellations Friday at the hotel she runs in St. Petersburg. “It’s like the whole country is on hiatus.”

The Kremlin has been quick to stick with its narrative, signaling the start of a new, more brutal phase in its longstanding crackdown on dissent. The government’s communications regulator has slowed access to Facebook and warned 10 Russian media that their websites could be blocked. The offense declared by the media was to publish articles “in which the current operation is characterized as an attack, an invasion or a declaration of war”.

Even as a fierce battle for Kiev unfolded on Saturday morning, a Russian Defense Ministry statement on the situation in Ukraine made no mention of the Ukrainian capital or Russian casualties. The ministry, which typically releases sleek and copious footage of the Russian military in action daily, has not released any video of its combat operations in Ukraine.

And Russia’s public news channel aired footage of a peaceful day in Kiev on Saturday in an attempt to counter videos of violence being broadcast on the Telegram social network.

“As you can see, the situation in the cities is calm,” the presenter said. “No explosions, no bombings, contrary to what some Telegram channels write.”

A hint of potential opposition emerged on Saturday when Mikhail Matveyev, a communist lawmaker who had voted in favor of Mr Putin’s recognition of Russian-backed separatist territories, wrote on Twitter that he had been cheated.

“I was voting for peace, not for war,” he wrote, “and not for Kyiv to be bombed.”

It was a rare crack in the firmament of parliament, where dissent over Mr Putin’s major foreign policy decisions has been virtually non-existent in recent years. Tatyana Yumasheva, the daughter of former President Boris N. Yeltsin who helped bring Mr Putin to power, posted an anti-war message on Facebook.

Moscow’s Garage Museum of Contemporary Art, a stylish showcase of a western-looking Russia founded by Kremlin-friendly oligarch Roman Abramovich, said it would stop working on new exhibits until the “human and political tragedy” ceases in Ukraine.

“We cannot maintain the illusion of normalcy,” the museum said. “We see ourselves as part of a larger world that is not broken by war.”

Still, it emerged on Saturday that the Kremlin’s forced blinders were doing their job, as were the obvious dangers of voicing dissent. The spontaneous anti-war rallies that took several thousand people to the streets of cities across the country on Thursday, with more than 1,500 arrests, were not repeated on this scale on Friday.

While many members of Russia’s intellectual elite expressed their horror and the fence in front of the Ukrainian Embassy in Moscow was filled with flowers, there was little evidence of an outpouring of opposition. wider.

“The propaganda works very well,” said Anastasia Nikolskaya, a sociologist from Moscow. “Not that anyone welcomes war, but it is seen as a measure of last resort that is necessary.”

The main determining factor for what happens next, of course, will be what happens on the battlefield in Ukraine – the longer the war lasts and the greater the loss of life and destruction, the more difficult it will be for the Kremlin to start the war. as a limited operation not directed against the Ukrainian people.

Andrei Kortunov, director general of the Russian Council for International Affairs, a research organization close to the Russian government, said he believed the Kremlin expected the fighting to last no more than two weeks.

If Russia has forced a surrender of the Ukrainian military within that timeframe, with limited destruction and limited Russian and civilian casualties, Mr. Kortunov said, Mr. Putin should be able to count on continued national support.

But if the war does not go as planned, Mr Kortunov warned, the country could see “serious political consequences and consequences for the popularity of the leadership”.

“Victory will undo a lot – not everything, but a lot,” Mr Kortunov said. “If there is no victory, there may be complications because, of course, many doubt that there are no other political alternatives.”

There were indications that the past few days were just the start of a new chapter in Mr Putin’s clash with the West and his crackdown on freedoms at home. Dmitry A. Medvedev, the deputy chairman of Mr. Putin’s security council, speculated in a social media post on Saturday that Russia could reintroduce the death penalty or seize the assets of foreigners in Russia by response to Western sanctions.

“The interesting part has only just begun…”, he wrote.

Despite the economic difficulties, the sanctions are unlikely to change the course of Russia in the short term, analysts say. Russia has the reserves to support the ruble and the Kremlin has struggled to insulate the economy from external shocks since being hit with sanctions following the annexation of Crimea in 2014.

The real cost of sanctions will be Russia’s long-term development, said Yevgeny Nadorshin, chief economist at Moscow-based consultancy PF Capital. Incomes will continue to stagnate and the country’s middle class will continue to shrink. Many of the country’s manufacturers who have launched production of modern trains, cars and other products over the past decade will face serious problems if the West bans technology exports to Russia, he said. he declares.

The country will be stable, Nadorshin said. However, he added, this stability “will be like a swamp where nothing happens and changes even if the forests burn around it”.

“Some reeds will bloom in this swamp, but there will only be scorched land around it,” Mr Nadorshin said. “You can enter this swamp, but you will get stuck there and you could possibly drown.”

And beyond the economic impact of the war, many Russians could not yet imagine accepting living in a country that had launched an unprovoked assault on its neighbor. On Friday, a steady stream of people came to the Ukrainian Embassy in Moscow, bringing flowers. A police officer stopped a woman from also leaving a small sign saying, “Yes to peace”.

“I’m afraid to meet Ukrainians and look them in the eye,” said cartoonist Aleksei, 28, refusing to give his last name for fear of repercussions from the security services. “It’s the scariest thing of all.”

Alina Lobzina and Oleg Matsnev contributed reporting from Moscow.

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Reading and writing

Downstream school districts forced to get creative to handle staffing shortages – The News Herald

In addition to the three Rs of education – reading, writing and arithmetic – there is a fourth: recruitment.

A chronic staff shortage is forcing officials at Downriver schools to deploy a range of tactics to attract staff, from teachers and bus drivers to teaching assistants and support staff.

It’s part of a local, state and national problem that has educators and administrators looking everywhere for workers. The COVID pandemic, an unstable labor market and pre-existing shortages of employees in key areas have combined to hamper school work schedules.

Recruiting and retaining teachers is described by Michigan’s top education official as the state’s most pressing challenge.

“We need to work to fund key teacher recruitment and retention efforts,” the state superintendent said. Michael Rice told the State Board of Education in November.

In late December, Governor Gretchen Whitmer signed into law HB 4294, which allows uncertified school personnel — such as paraprofessionals and secretaries — to serve as substitute teachers throughout the 2021-2022 school year.

“The pandemic has been a challenge for our children, our teachers, and our parents, and our educators have gone out of their way to ensure Michigan children have a bright future,” Whitmer said. “Allowing schools to employ school staff that students know as substitute teachers will help keep school doors open and students learning in the classroom for the rest of the school year. I am committed to working with the Legislature to develop high-quality solutions to address these long-term staffing shortages so that we can ensure that every child can access a quality education.

Downstream school leaders say the worker shortage extends beyond the classroom, to all school operations. Short- and long-term approaches to easing the crisis have included pay raises, limited and scuttled programs, teacher hiring initiatives, and increased volunteerism among existing staff.

“Staffing shortages have certainly had an impact on area school districts,” Huron School District Superintendent Donovan Rowe said. “Staff shortages have stretched our replacement staff resources to the limit.”

Downstream school districts have responded with a variety of initiatives and workarounds. Among these :

• Taylor High School was closed on a Friday due to shortages. Griff Mills, superintendent of the district of 5,500 students, said the action was a “last resort”.

• Allen Park Public Schools recently increased substitute teacher salaries to $150 per day (from $90) for daily substitutes, and up to $200 for long-term substitutes (from of $100).

• Lincoln Park and the Woodhaven-Brownstown districts received state-administered grants to help students explore careers in education. The hope: to develop a kind of pool of future teachers to develop oneself.

• Districts in the region have reduced some less essential programs. Allen Park, for example, canceled some so-called elementary school “special classes” like art, music, gym, and library media to use those teachers in core curriculum classes.

• Districts have also looked to current educators and other staff to fill staffing gaps. “We are so fortunate to have caring staff with a ‘pitch in’ approach,” said school superintendent Allen Park. said Michel Darga. The district of 3,691 students purchased a transport van — much smaller than a school bus — so coaches can drive small teams to events.

• Across the region, schools are encouraging retired teachers to return to the classroom. The state’s “Welcome Back Proud Michigan Educator” campaign offers waivers and fast tracks for former educators hoping to recertify. In the spring, the Michigan Department of Education sent out tens of thousands of recruiting postcards to educators whose certificates had expired.

• Districts are also strengthening relationships and partnerships with colleges and universities to attract student teachers.

“It’s a tough situation to deal with,” Taylor’s Mills said. “We know this takes a toll on our staff. We are looking at things we can do to help our staff decompress and take some time for themselves.

To that end, he said, the district gave employees a paid day off before Thanksgiving “to show our teachers and staff that we really appreciate all the work they do.”

Allen Park’s Darga said both instructor and non-instructor paraprofessionals “step in wherever they can and our replacements are rock stars.”

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Writer market

Fed’s Powell: High Inflation Threatens Labor Market

FILE - Federal Reserve Chairman Jerome Powell speaks during a Senate Banking Committee hearing on Capitol Hill in Washington on Tuesday, November 30, 2021. High inflation is wreaking havoc on American families, acknowledged Powell in remarks to be delivered at a Congressional hearing on Tuesday, Jan. 11, 2022, where he is sure to face some tough questions on the matter.  (AP Photo / Andrew Harnik, file)

FILE – Federal Reserve Chairman Jerome Powell speaks during a Senate Banking Committee hearing on Capitol Hill in Washington on Tuesday, November 30, 2021. High inflation is wreaking havoc on American families, acknowledged Powell in remarks to be delivered at a Congressional hearing on Tuesday, Jan. 11, 2022, where he is sure to face some tough questions on the matter. (AP Photo / Andrew Harnik, file)


Warning that high inflation could make it more difficult to restore the job market, Federal Reserve Chairman Jerome Powell said on Tuesday that the Fed would raise interest rates faster than it now forecasts if necessary to stem the surge in prices.

With U.S. households pressed by rising costs for food, gasoline, rents, cars and many other items, the Fed is under pressure to curb inflation by raising rates to slow borrowing and debt. expenses. At the same time, the economy has recovered enough that the Fed’s ultra-low interest rate policies are no longer necessary.

“If we need to raise interest rates further over time, we will,” Powell said at a Senate Banking Committee hearing, which is considering his appointment for a second four-year term.

The difficult challenge for Powell if he is confirmed for a new term, as scheduled, was underscored by questions he faced on Tuesday from Democratic and Republican senators. They urged him to raise rates to reduce inflation, but not to raise borrowing costs to the point that the economy fell into recession.

Fed officials have forecast three hikes to their short-term benchmark rate this year, although some economists say they are planning up to four hikes in 2022.

Powell’s appointment is expected to be approved by the committee in the coming weeks and then confirmed by the entire Senate with bipartisan support. At Tuesday’s hearing, he drew most favorable comments from senators on both sides. A Republican first elevated to the presidency by President Donald Trump, Powell has also been credited by many Democrats for sticking to ultra-low rate policies to support quick hiring over the past 18 months.

In his testimony, Powell rejected suggestions by some Democratic senators that the rate hikes would weaken hiring and potentially leave many people, especially low-income people and black Americans, out of work. Fed rate hikes typically increase borrowing costs for many consumer and business loans and have the effect of slowing the economy.

But Powell argued that the rise in inflation, if it persists, also poses a threat to the Fed’s goal of getting almost everyone back to work. Low-income families have been hit particularly hard by soaring inflation, which wiped out the wage increases many enjoyed.

“High inflation is a serious threat to achieving maximum employment,” he said.

The economy, the Fed chairman added, must grow for an extended period to get as many Americans back to work as possible. Controlling inflation before it takes root is necessary to keep the economy expanding, he said. If prices continue to rise, the Fed could be forced to brake much harder by raising interest rates sharply, threatening hiring and growth.

Powell received praise from Democratic Senator from Ohio, Sherrod Brown, chair of the committee, and from Pennsylvania Senator Pat Toomey, the panel’s top Republican.

“The president puts results before partisanship, by reappointing a Federal Reserve chairman from the other political party,” Brown said. “As president, along with President Biden, he has helped us achieve historic economic progress.”

“There is broad bipartisan support for President Powell’s re-appointment,” Toomey added.

Yet Toomey also criticized some of the Fed’s 12 regional banks for staging events dealing with climate change and “so-called racial justice,” which Toomey said went well beyond the Fed’s mandate. . He cited an event, hosted by the Federal Reserve Bank of Boston, in which he said attendees called for police funding.

“The disturbing politicization of the Fed puts its independence and effectiveness at risk,” Toomey said.

And Sen. Richard Shelby, a Republican from Alabama, criticized Powell for the central bank’s initial characterization of the price spikes that began this spring as “transient.”

“I’m worried if the Fed missed the boat to tackle inflation earlier, a lot of us are,” Shelby said. “As a result, the Fed under your leadership has lost a lot of credibility.”

Inflation has hit its highest level in four decades, and on Wednesday the government is expected to announce that consumer prices have jumped 7.1% in the past 12 months, believed to be the largest since 1982.

Powell said the Fed mistakenly expected supply chain bottlenecks driving up the prices of goods such as cars, appliances and furniture to not last as long as they did. did. Once off the hook, the prices of things like used cars, which have skyrocketed over the past year, would come back down, he said.

But for now, these supply chain issues have persisted, and while there are signs of easing, Powell said progress was limited. He noted that many cargo ships remain moored outside the Port of Los Angeles and Long Beach, the largest in the country, awaiting unloading.

The number of people working or looking for work also remains well below pre-pandemic levels, Powell noted. Millions of Americans have taken early retirement or are avoiding their jobs for fear of the coronavirus. The Fed predicted that more of these people would return to the workforce than they did.

The shrinking workforce has forced companies to offer much higher wages to attract and keep employees. Powell said that was not primarily the reason prices are high right now, but it “may be a problem for inflation in the future.”

Economists and former Fed officials fear the Fed is lagging behind inflation. Last Friday’s jobs report for December, which showed a sharp drop in the unemployment rate to a healthy 3.9%, and an unexpected rise in wages, helped fuel those concerns. While lower unemployment and higher wages benefit workers, these trends can potentially fuel higher prices by encouraging more spending.

At the Fed’s last meeting in December, Powell said the central bank was quickly ramping up efforts to tighten credit in a bid to bring inflation under control. The Fed will stop buying billions of dollars in bonds in March, ahead of its previously announced target of doing so in June. These bond purchases were meant to encourage more borrowing and spending by lowering long-term rates.

And the expectation by Fed officials that they will hike short-term rates three times this year marks a radical departure from September, when they were divided over doing it only once.

The flood of new omicron infections will not slow the Fed’s move towards more appropriate policies for the economy to return to normal, Powell said during the hearing, because so far it doesn’t seem not weigh on the economy.

“It is really time for us to move from these pandemic emergency settings to a more normal level,” he added. “It’s a long way to normal from where we are.”

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Fiction publisher

RBmedia now offers audiobooks in German

Today, RBmedia announced its entry into the German-language audio market through its new audio brand, RBmedia Verlag. At the same time, RBmedia announced the acquisition of German leading audiobook publishing company ABOD, which will provide leading titles to this new brand. Miles Stevens-Hoare, Managing Director of RBmedia International, said: “We have been following the German language digital audiobook market for some time and have experienced steady and significant growth. We believe this represents a long-term growth opportunity for us.

ABOD has been producing audiobooks in economics and politics for almost 10 years. The audiobooks are published under the brands ABOD and Hörbuch München and are produced in the company’s own sound studios in Munich. Through the publisher’s own CD production, all titles appear as physical audiobooks for the book trade and can also be purchased from 70 digital retailers. ABOD is one of the leading German publishers of audiobooks in the non-fiction sector. Notable ABOD audiobook titles to be released under the RBmedia Verlag brand include:

  • “Climate Change Cycles: How Climate Feedback Loops Can Destroy or Save the World” by Greta Thunberg, Dalai Lama
  • “The egoist: my counter-program for common sense and solidarity” by Sahra Wagenknecht
  • “Put on warm clothes, it’s going to be hot: understand climate change and learn from the crisis for the world of tomorrow” by Sven Plöger, Eckart von Hirschhausen

RBmedia Verlag will join WF Howes and Wavesound as international RBmedia audiobook publishing companies.

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Writer market

Real Estate Crypto unveils its charity program a few weeks ago

AL, Italy, December 29, 2021 (GLOBE NEWSWIRE) – As crypto investors remain skeptical about the current state of the market, NerveFlux, a crypto project backed by a registered company, unveiled its charity program within weeks before its public presale. NerveFlux had oversubscribed the private sale and the successful public sale (white list).

NerveFlux is confident that it can bridge the divide between crypto and real estate by allowing crypto holders to invest in real estate without having to convert cryptocurrency to fiat. NerveFlux aims to make it possible to invest in real estate properties seamlessly with crypto.

Mario Ljubicic is the CEO of NerveFlux, speaking with the CEO of Croatian origin, he said “understanding the fact that the NerveFlux solution is 5 years ahead in the crypto space, we bring the necessary innovative solution to a practical problem faced by the crypto industry for over a decade. Invest and participate in our public pre-sale on January 14the, 2022 on PinkSale LaunchPad, should be seen as an opportunity to be an early bird. NerveFlux is not a payment gateway or an investment platform. NerveFlux Marketplace will provide the technological mechanism needed to improve the fast and seamless buying or selling of properties directly with crypto.

With the genesis of Bitcoin, Satoshi Nakamoto hopes that blockchain technology will solve real-life problems, creating value for the crypto industry. As crypto becomes more palatable, making new millionaires all over the world, the gap between crypto and real estate is widening, leaving crypto holders at the mercy of banks. As the crypto market grows, the gap has become so obvious with most of the broken investors. NerveFlux is here to fill this gap, enabling direct investments in crypto real estate while protecting regulations and legal requirements by working with local authorities in any location.

In a world facing climate emergencies and environmental crises, crypto projects can add value to their project by going green. Charity plays an important role in all industries that care about planet Earth.

Juergen Hildebrandt, German-born Marketing Director of NerveFlux, said “Unlike Bitcoin and other major cryptocurrencies, Nerve is not a mineable cryptocurrency. Nerve is a green token. The Nerve Charity program will do its part to fight climate change and help reduce greenhouse gas emissions.

Speaking further, Juergen Hildebrandt said: “Our charity program is a use case that gives value to its holders. For each wallet address that holds Nerve for more than 120 days, a tree will be planted with the wallet address labeled on it. We are going to plant trees in different countries of the world. Anyone can contribute to our charity program by holding a Nerve Token. Our long term goal is to plant a million trees.

The Nerve public presale is scheduled for January 14e, 2022. For more information, visit the official NerveFlux website

For more details see our website: –



Official Email: [email protected]

For the partnership: [email protected]

Contact the writer, Toritseju edema:

[email protected]

The information provided in this press release is not investment advice, financial advice or business advice. It is recommended that you exercise due diligence (including consulting a professional financial advisor before investing or trading in securities and cryptocurrencies).

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Writer market

What could have been the silly IndyCar driver market season

Some people predicted that the silly IndyCar driver market season of 2022 wouldn’t be exciting, but it wasn’t.

An influx of young European juniors, two respective Indy 500 winners and IndyCar champions, seats at Andretti, Penske and Rahal were all in the market and of course Romain Grosjean’s future was a long saga.

Looking back – and trying to be realistic about the options available – The Race went back and rephrased the silly 2022 season.

Let us know your queues in the comments and where our writer went right or wrong.

Penske’s fourth car

Our driver: Rinus VeeKay

In this alternate reality, Penske is the first domino to fall because they’re a team any driver would be foolish for not wanting to drive for and their track record speaks for itself.

Scott McLaughlin was a revelation in 2021 given his lack of single-seater experience, but preseason predictions that he would win a race were wrong. McLaughlin will get there, but in the second season – 2022 – Penske lost an Indy 500 champion and winner to Simon Pagenaud and didn’t replace him as he shrank to three cars.

McLaughlin may be a long term gain, but Pagenaud is a short term loss.

It could refocus a team that never really wants to expand to four cars, but it could also be a huge mistake in terms of IndyCar results.

The Penske / Pagenaud relationship had run its course, so arguing for his re-signing is unrealistic.

Given the options in the market, it’s tempting to go part-time and get Takuma Sato into the squad, as Penske’s Indianapolis 500 form has been dismal since the aeroscreen was introduced in 2020, a year ago. during which Sato won the race.

However, a part-time car isn’t ideal for Penske, and Sato is married to Honda, so the next best option for Chevrolet-powered Penske is to sign the best young driver around and it could well have been the winner of the 2021 race. Rinus VeeKay.

OK he was extremely inconsistent, but he unlocked an Ed Carpenter car that was difficult to drive like no one else and would surely be a regular threat in Penske’s battle against Ganassi.

The last time Penske made the bet by signing a young driver from Ed Carpenter, it worked out pretty well with Josef Newgarden. VeeKay isn’t the same package he was at this point in his career, but he’s young and full of potential.

Arrow McLaren SP’s third car

Our driver: Simon Pagenaud

Simon Pagenaud Honda Indy 200 in Mid Ohio M44287

That’s a tricky question because for the basis of this feature we are giving Arrow McLaren SP its third car for 2022, which it has failed to do in the real world.

However, he could have done it if he had found the right pilot.

And who better to drive than Pagenaud? He has known some of the team’s staff since he was on the team before, and with a new car coming in 2023, who better to help develop things than Pagenaud? He has an engineering mind and has so much experience.

He might not be the long term option that AMSP is looking for, but he has it in Pato O’Ward. Felix Rosenqvist still has time to make it a sustainable home, too.

Take Pagenaud while it’s in the market and you add someone who won a championship and a 500. That’s what this team is currently lacking with two light drivers on the IndyCar experience. Signing someone like Stoffel Vandoorne would only add to that.

Andretti Autosport’s third and fourth cars

Our drivers: Romain Grosjean, Kyle Kirkwood

9, 2021 Kodak Colorplus 200 Canon Ae 1 Nikon F100

No need to change Grosjean’s signature, it’s an excellent signing. If he increases his performance with the modest resources of Dale Coyne, then he is a championship-caliber prospect. If he’s struggling to adjust for whatever reason, he still brings a wealth of experience that would at the very least help this Andretti squad become a respected contender again. Not just with Colton Herta.

The deal to sign Devlin DeFrancesco has been in the works for some time and, having covered DeFrancesco for a long time, I know there is potential there.

However, in this alternate universe, Andretti made the right decision that Kirkwood is a once in a lifetime chance for a future American hero. The Floridian is well presented and has the best junior open wheel CV America has ever seen.

If he’s not an IndyCar-ready prospect, I don’t know what it is, and no team should have ignored him.

Rahal Letterman Lanigan second and third cars

Our drivers: Christian Lundgaard, Santino Ferrucci


Christian Lundgaard’s performance at Indianapolis this year made him an obvious choice for Rahal and his potential means there is no need to change that decision. It is good.

In this scenario, Rahal went in a slightly different direction and signed Santino Ferrucci for his new third car.

His record in the team car this year speaks for itself with the fifth-best series average for drivers who have completed more than one race.

Granted, one of the team’s flaws has been their qualifying performance and that’s probably Ferrucci’s weakest attribute, but Rahal isn’t suddenly going to qualify the miles better after signing Jack Harvey in real life. .

That doesn’t take anything away from Harvey, but it’s clear that qualifying is an area the whole team needs to focus on.

With Sato gone, the team has no Indy 500 winners, one driver who has yet to do so and another with a better ninth finish.

Ferrucci is an upgrade there. Give it a year to deliver on the promise posted in 2021, and if that doesn’t work, go for one of the big names in a silly season in the pilots market stacked in 2023 instead. It’s the perfect stopgap.

Meyer Shank Racing two cars

Our drivers: Helio Castroneves, Jack Harvey

Jack Harvey Meyer Shank IndyCar

No change from 2021 in our alternate universe, although obviously in real life, Harvey’s departure paved the way for Pagenaud’s membership.

The team loved Harvey, they had an adjacent sports car program with big ambitions to return to Le Mans, and he had just started working with this generation’s top Indy 500 driver in Helio Castroneves.

Rahal may be moving forward, building a new factory, and leading BMW’s sports car effort in the United States, but he didn’t win a race in 2021. , and neither does Harvey. There are definitely some bright spots in staying with MSR.

Ed Carpenter Racing two cars

Our drivers: Ryan Hunter-Reay, Oscar Piastri / Jack Aitken / Ed Carpenter

Oscar Piastri Alpine F1 junior F2

Okay admittedly readers if you want to get angry in the comments this might be the place to start. It’s kinda bonkers, but with her VeeKay talisman heading to Penske at the top of this post, we had to get creative.

Hunter-Reay may have had a dismal year at Andretti, but it’s not entirely his fault. Obviously the team has a very irregular car on the road / street courses. Someone with more experience than VeeKay and Conor Daly may be able to help the team get over this and Hunter-Reay is a champion and an Indy 500 winner to boot.

There is a lot of frustration that Oscar Piastri is not on the Formula 1 grid in 2022 despite his prodigious talent. So who better to bring to IndyCar?

With what VeeKay may have done with the car on occasion, you might persuade Piastri to participate in a partial program, although of course he will be busy with his F1 reserve duties.

Piastri could do five races without missing any in F1, and given that Alpine was happy to let Lundgaard pass – but not as a reserve driver – there could be more potential.

In this scenario, it would be great for Sébastien Bourdais to replace and do the other races – I still can’t believe a top-level team didn’t choose him – but he makes full-time sports cars with it. Ganassi. So let’s move on to the real-world option of Jack Aitken who is currently discussing a part-time or full-time deal with the team.

If Piastri is not available, entrust the work to Aitken. He’s known for his developing skills and would surely help the team’s performance on the road, although he doesn’t necessarily meet the team’s criteria to be a threat of victory for the Indy 500.

Either way, he pulls out a third car for Indy – so Aitken can get up and learn – and is still a contender there, so he could persuade a heavy hitter to come in and do a job. Bourdais is the guy for that too.

The two cars of Dale Coyne

Our drivers: David Malukas, Takuma Sato

2020 Takuma Sato Indy 500

No need to change either decision here. Coyne just isn’t going to compete for an IndyCar title with such a stacked field, so why not try the next best thing and go for the 500?

Sato was the best driver in the market for this, strengthening the team’s bond with Honda and giving him a fighting chance in a car that had the potential to be very good in the 500.

Along with Malukas he has strong support and brings some really exciting American talent with a lot of potential. This is another opportunity for Coyne to continue his record of training young talent.

AJ Foyt Enterprises two cars

Our drivers: Devlin DeFrancesco, Linus Lundqvist

Devlin Defrancesco evaluation test with Andretti Steinbrenner Autosport at Barber Motorsports Park M50024

We already have Kirkwood at Andretti and feel Dalton Kellett is not the quality to help push this Foyt team onto the grid, as nice as Dalton is.

With DeFrancesco tapping into some potential and good support, we’ve squeezed him into this more low-key debut at Foyt than he’ll get in real life at Andretti.

In the real world, if he finds it difficult to adapt immediately, he will be criticized, as will Andretti for not signing Kirkwood. Here DeFrancesco gets an IndyCar start under the radar and may win this stage in the future.

Lundqvist could be a season too early for promotion after finishing third in the Indy Lights Championship. However, the underlying potential is there.

If Foyt is really interested in having young drivers instead of his recent form of going for most of the veterans, then this training would be high risk – which is necessary due to the poor results of the team – but potentially very rewarding.

Juncos Hollinger Racing a car

Our driver: Callum Ilott

Ilott Juncos

The IndyCar grid teams clearly weren’t aware that Ilott was available for 2022 and hadn’t considered it, which is why he fell to a team making their IndyCar comeback and their first full season.

However, it’s a good game for both sides. Ilott is fortunate enough to use the skills he learned from developing Ferrari F1 cars to take Juncos forward and give himself two options. Be part of the Juncos by becoming a competitor or impress one of the great teams for a practice.

Juncos knows what he’s got at Ilott and even though he’s only had it for a year or two, it’s only positive. The only question is whether he can put the right people around him to make him a quick hit.

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Book creator

Business leaders land leading roles in celebrity business ventures

Anakwenze of Abacus Financial said managers sometimes need to steer clients away from risky companies.

Stimulated by peers who sometimes win jackpots, Hollywood talent has branched out into parallel ventures in which, in a new twist, their business leaders and lawyers take on frontline roles. These side activities outside of mainstream entertainment careers may involve drinks, food, cosmetics, fashion, personal fitness, cannabis products, and a range of online media offerings they own or co-own. – own.

“We are living in a unique time where innovation is abundant and capital is readily available,” said Belva Anakwenze, director at Abacus Financial Business Management at Palms.

A prime example of the celebrity gold rush is the Casamigos tequila brand that George Clooney co-created in 2013 and sold for $ 1 billion in 2017 to spirits giant Diageo. Clooney’s co-creator was Rande Gerber, an entertainment entrepreneur married to model Cindy Crawford. This high price has rocked Hollywood.
“Even 10 or 15 years ago, these examples of celebrities taking stakes in business start-ups were rare,” said Shaun Clark, attorney for Century City.

Clark, a partner at Sheppard Mullin Richter & Hampton law firm, sees social media as a real change.

“I attribute a lot of the change to the technology that gives influencers and sophisticated talents a voice and direct connectivity with their fans and demographics,” he said. “You don’t just tap into their name, voice and recognition, you speak to an entire audience that sees and loves what celebrities are saying.”

In the hard liquor industry, where gaining market share is normally a frosty process, celebrity associations are increasing sales of tequila, a category that appears to be overrun by Hollywood and other talent. Besides Casamigos de Clooney, actress / producer Eva Longoria supports Casa Del Sol, basketball player Michael Jordan co-founded Cincoro, LeBron James leads 1707 Lobos, influencer Kendall Jenner pushes 818 Tequila and Nick Jonas of pop music launched Villa One. Jenner’s brand 818 generated mixed reviews from aficionados, but sold out at launch.

The latest sensation is Dwayne “The Rock” Johnson’s Teremana, which ranked 6th among mid-priced tequila brands in 2020, the newest brand in that mid-priced category, according to the Shanken Daily News drinks. Armed with Johnson’s celebrity firepower, the Mast-Jägermeister brand distributor became an instant force in tequila.

“It’s very rare for a high-end brand to achieve this kind of volume in its very first year on the market,” according to researcher Shanken.

Source material

In some cases, celebrities develop their own ideas, but more often than not, celebrities become attached to the embryonic businesses presented to them. These two entrepreneurial options are different from traditional sponsorship deals with big brands that pay a large sum of money to famous talent to essentially be hired presenters for a limited period of time.
When it comes to situations where talent has this idea, business leaders play a leading role in creating a business plan.

“The sales manager can be the quarterback tasked with putting together the financial information that will take the customer’s idea or product to the next level and eventually market,” said Mickey Segal, the founding partner and director of the Westwood-based NKSFB business manager. “They are bigger clients” with significant funds to finance the development.

Segal oversees Hollywood’s largest business management specialist, with 600 employees in five offices, and is a division of Focus Financial Partners.

Talent CEOs can serve as de facto CFOs of companies, oversee product / supplier relationships, point the way to third-party financing, and advise clients on insurance and overhead costs. To a certain extent, business leaders incubate startups born by their clients. This incubation can be indirect by helping others to take over functions which are not in the wheelhouse of the entrepreneur or which are too important to be managed directly.

Business manager Mike Merriman advises a music client who has launched a successful beer-drinking contraption, the Chugbud. Merriman, president of downtown-based Parr3, is the startup’s de facto CFO for his client, known professionally as Mike, a hip-hop / pop singer with 4.5 million monthly listeners. on the Spotify music streamer.

The singer has many followers on the varsity music concert circuit where the party chugbud is a natural fit to the lifestyle. Merriman said his customer “has gone from assembling the product in a garage to outsourcing high volume manufacturing and selling tens of thousands of units.”

Active and passive income

The other model involves many instances where existing embryonic businesses seek to connect with celebrities. Well-known talents are courted to serve as a brand ambassador – often with a share of ownership as payment and long-term involvement – and startups may even seek a celebrity cash investment.
Century City Commercial Director John Blakeman, Partner at Macias Gini & O’Connell, noted that “Early stage investment firms and emerging brands are looking for capital to take them to the next level. Through VCs and other investment avenues, proposals cross the offices of business leaders.

Another role of business leaders and legal advisers is to be upfront when clients want to invest in clearly high-risk businesses that appear to be bad bets and that would force the client to fund themselves personally. Then the business owner’s job is to “talk to them from the ledge and save them from themselves,” Anakwenze said.
In the past, business leaders and lawyers weren’t on the front lines – the personal managers who guide global careers and the agents who book gigs were traditionally the initial catalysts. All are part of a celebrity advisor team.

But with the boom in celebrity monetization avenues, startups and digital media have become blurring the lines. Of course, business leaders remain the mainstays of traditional services in accounting, banking, financial planning and also in the alignment of passive investments such as the purchase of income-producing real estate or small holdings. in startups. Lawyers have also recently become hubs, through their involvement in increasingly complex celebrity sponsorship deals and industry contacts.

These celebrity associations provide instant visibility to business ventures, but there is a risk if the talent gets involved in the controversy down the road. For example, earlier this month brewer Anheuser-Busch Cos. abruptly stopped his drink Cacti Agave Spiked Seltzer, which is branded by rapper Travis Scott, after 10 people died in a crowd surge as Scott performed at the Astroworld festival.

For business owners and lawyers, side businesses, however, help clients achieve their wealth building goals and can establish good faith in business outside of Hollywood, which can be a stepping stone to a second career. .

Plus, unlike traditional Hollywood work, which often requires lengthy concert tours or reporting on Hollywood soundstages at dawn, clients’ creative talents engage in side gigs that have the potential to become self-propelled afterward. to have elbow grease for the launch. Business leaders constantly advise their clients to pursue activities that allow them to “make money while you sleep.”

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Fiction publisher

2021 in the books: “Everything seems magnified” – Business Journal Daily

By HILLEL ITALY national writer AP
NEW YORK (AP) – Books and authors counted in 2021, sometimes more than the industry wanted.
A 22-year-old poet has become a star of literature. The enthusiasm of young people on TikTok has helped revive Colleen Hoover’s “It Ends With Us” and other novels released years earlier. Conservatives pushed for restricting books allowed in classrooms at a time when activists were working to expand them. And the government has decided that the merger of two of the country’s largest publishers could damage an invaluable cultural resource: authors.

“Everything looks very magnified,” says award-winning novelist Jacqueline Woodson, whose books have been challenged by officials in Texas and elsewhere.

“One day I hear that Texas is trying to ban (Woodson’s novels) ‘Red at the Bone’ and ‘Brown Girl Dreaming’, and the next moment we see Amanda Gorman speaking the truth to power.” . Maybe it’s because of social media or the pandemic, but everything looks a lot more intense, ”she says.

Sales were strong in 2020, the first year of the pandemic, and increased in 2021. The number of books sold through the end of November is up 10% from 2020 and 20% from last year. pre-pandemic year of 2019, according to NPD BookScan, which tracks about 85% of the print market. The Association of American Publishers reported $ 7.8 billion in revenue for commercial books in the first 10 months of 2021, a 14% jump from a year ago.

“You don’t hear a lot these days that people don’t read anymore,” said Allison Hill, CEO of the American Booksellers Association, the nation’s independent bookstore business group.

A year after the ABA feared hundreds of stores would close due to the pandemic, Hill says membership is growing, with more than 150 new stores opening and some 30 closings.

Fiction was particularly strong in 2021 as BookScan’s sales jumped over 20% from the previous year, driven by everything from TikTok’s Book Club and Reese Witherspoon to a wave of manga and a wave of literary bestsellers which included “Crossroads” by Jonathan Franzen and “Cloud Cuckoo Land” by Anthony Doerr.

Penguin Random House US CEO Madeline McIntosh called the popularity of fiction “the biggest sign that we have long-term growth for the industry.”

“It’s one thing when you pick up books when you want to learn how to do something or keep up with the news, but it’s a different impulse when you pick up a book because you want to spend your hours reading. And that’s what we see with fiction, ”she said.

With Donald Trump no longer in the White House, sales of political books have fallen by nearly 25%, according to BookScan. But the world of books has become more politicized – starting with the question of who could or should publish the former president’s memoir.

Multi-million dollar deals for presidents are a tradition. But New York editors weren’t comfortable with Trump ahead of the Jan.6 siege of the U.S. Capitol by his supporters and have since openly distanced themselves from him and his allies like Senator Josh Hawley, whose “Tyranny of great technology ”was abandoned by Simon & Schuster.

In response, a network of independent conservative publishers has sprung up, ranging from established entities like Regnery, who acquired Hawley’s book, to new companies like All Seasons Press or the Daily Wire’s DW Books. . Trump’s first post-White House book project, the ‘Our Journey Together’ photo compilation, will be published by Winning Team Publishing, founded by his son Donald Trump Jr. and campaign aide Sergio Gor.

Throughout 2021, books have been in the news. The year was barely three weeks old when millions of people watched Gorman become the country’s best-known poet and cultural phenomenon. His calm and energetic reading of his commissioned work “The Hill We Go Up” was a highlight of President Joe Biden’s inauguration. This has earned her recognition more in line with fashion or movie stars, including a contract with IMG Models and coverage for Vogue. A hardcover edition of “The Hill We Climb” has sold hundreds of thousands of copies, although readers could find the text for free online.

Gorman’s appearance at the inauguration was made possible by First Lady Jill Biden, who in 2017 attended a reading Gorman gave to the Library of Congress as the country’s Young Poet Laureate.

Countless authors, famous and unknown, have found unexpected support in the person of Attorney General Merrick Garland. In November, the Justice Department announced it would take legal action to block Penguin Random House’s purchase of Simon & Schuster, the first time in years that the government has attempted to halt a major consolidation of the ‘editing. The DOJ’s objection was rooted as much in art as it was in commerce – the fear that writers wouldn’t make enough money to write.

“Books have shaped American public life throughout our country’s history, and authors are the lifeblood of book publishing in America,” Garland said. “If the world’s largest book publisher is allowed to acquire one of its biggest rivals, it will have unprecedented control over this important industry. American authors and consumers will pay the price for this anti-competitive merger – less advance payments for authors and ultimately less books and less variety for consumers.

Woodson says she and other writers were blown away by the DOJ’s announcement and recalls thinking, “Wait, they’re speaking for us!”

Debates on literature have never been more heated than in classrooms and libraries across the country.
Grassroots activists such as # have pushed teachers to diversify the curriculum with novels such as “Another Brooklyn” by Woodson, “Salvage the Bones” by Jesmyn Ward and “The Round House” by Louise Erdrich.

Independent bookstores have made efforts to donate free copies of the book edition of the Pulitzer-winning “1619 Project”, which places slavery at the center of American history, to schools. The book sold over 100,000 copies in its first two weeks on sale, according to BookScan.

Meanwhile, an advertisement for the race-winning Republican candidate for Virginia governor Glenn Youngkin featured a white conservative activist alleging her son had been traumatized by an assigned high school text, “Well- loved, “Toni Morrison’s novel about a black, Pulitzer Prize winner. woman who had fled slavery and murdered her daughter rather than allow her to be captured.

Dozens of bills across the country have been proposed or passed that call for restrictions on books deemed immoral or unpatriotic. Texas state lawmaker Republican Matt Krause sent a 16-page spreadsheet to the Texas Education Agency listing more than 800 books he deemed worthy of possible banning, including works by Woodson , Ta-Nehisi Coates and Margaret Atwood. Nine novels by award-winning young author Julie Anne Peters, whose stories often feature LGBT characters, have been cited.

“I think one of the reasons this is happening is that the books have stamina,” Peters said. “You always remember the great books you read. They are so influential, especially the ones at school. Everything else is so fleeting and changing. But once a book is there and it’s available and it represents our history and our culture, it becomes a historical reference to which you return.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Reading and writing

Louisiana Center Helps Students With Learning Disabilities | Louisiana News


ALEXANDRIA, Louisiana (AP) – Francis Hines, 8, was eager to read aloud the story he wrote about Rudolph the Red Nosed Reindeer.

Eighteen months ago, Francis was unable to read a word because of his struggle with dyslexia. He struggles to learn to read and interpret words or letters, his mother Liz Hines said. He couldn’t write his alphabet in order. And now, after 18 months of intensive remediation, Hines says his handwriting is “amazing” and he can read and write.

“I can read everything,” said Francis, shy but proud.

Concentrating carefully, he read every word of his short story in four chapters.

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“It’s great. Great job,” said Yvette Blanchard, co-owner of the Reading & Math Centers of Louisiana, who has worked with Francis.

“And he wrote this story on his own,” said Hines, who is the co-owner of the other center.

Francis pointed out that his friends helped with the illustrations.

“I just wanted to make a story because I thought it would be good for me and other kids wanted to help me so I let them do it,” he said.

Blanchard, who also has a child who suffers from dyslexia, and Hines recently opened the Louisiana Reading and Mathematics Centers in Alexandria.

“So it’s part of our hearts for sure,” Hines said.

Yvette is a dyslexia specialist who owns a clinic, The Reading Center in Carencro, which focuses on dyslexia and dysgraphia, a problem that causes writing problems.

Hines, who is a mathematician, got a certification in dyscalculia, which is the difficulty a person has in doing basic arithmetic.

The reason they decided to open a center here is to help parents and educators of children struggling with dyslexia, dyscalculia and dysgraphia, Blanchard said.

“It’s not an IQ issue at all,” Hines said. “And I think when people can’t read or can’t do math, they think it’s an IQ problem.”

Often these disabilities are hereditary and these problems may overlap.

“If a kid has one, there’s a 40% chance they’ll have another,” Hines said.

Blanchard said they use an explicit multisensory approach that is unique to each individual need that strengthens neurological pathways and creates pathways where there are none.

“So think of this as therapy for the brain,” she said. These are not the exercises but the way they teach in their approach.

They do a lot of testing on each person and build from there, Hines said.

“Their symptoms and the defense mechanisms they put in place and everything they’ve done are as unique as a fingerprint,” she said. “There is no ‘magic sauce’ that can apply to everyone. It’s a science where you find where they are weak and you start there and build.

Blanchard said they use body movements and other multisensory approaches to help this skill seep into long-term working memory. Hines said it was the most important.

“They can’t get it from the Broca area of ​​the brain with long-term working memory because of the chromosomes,” Hines said.

“That’s why dyslexic, dyscalculic, dysgraphic children can know their spelling words today, or their math facts today, and not tomorrow, because it’s right here,” she said. showing his forehead where the Broca area is.

What the individual learns fails in the brain’s long-term working memory. So, Hines and Blanchard work with individuals to build and strengthen neural pathways so that what is learned moves from the Broca region to long-term memory.

Statistically, it takes around 18 to 36 months for full remediation depending on the child’s age and the severity of their diagnosis, Blanchard said.

When corrected, people with dyslexia, dyscalculia or dysgraphia use 15-20% more of their brains than people without disabilities, Hines said.

“We don’t put a bandage on it. We retrain the brain so that it can be fully functional in the classroom, ”she said.

They want to help the child become independent.

“This has been our goal,” Hines said. “And that’s what’s so different about what we do than just providing accommodations. “

For more information on Louisiana Reading and Mathematics Centers, call (318) 455-2010 or email: [email protected] Visit their Facebook page, The Reading and Math Centers of Louisiana.

Copyright 2021 Associated press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Wall Street balks as the Fed announces the end of the party, but is it really? | Economic news

By STAN CHOE, AP Business Writer

NEW YORK (AP) – The job of the Federal Reserve, said its longest-serving chairman, is to “pull the bowl of punch when the party starts”, and that is exactly the message Wall Street has taken from the comments from current president Jerome Powell. this week.

Stock prices fell after Powell said the Fed could end its overwhelming support for financial markets sooner than expected on Wall Street. History suggests, however, that stocks don’t always lose out when the Fed pulls out its aid.

Some economists and investors were already calling for such a move given the strong economic recovery after the brief recession last year and the stubborn persistence of high inflation sweeping the world.

But the S&P 500 fell 1.9% in a day after Powell said the Fed’s monthly bond purchases, which recently started to decline by $ 120 billion, could end months earlier than the June target it had been set for. Added to concerns about the novel coronavirus sweeping the world, this has caused Wall Street’s so-called “fear gauge” to rise sharply.

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Wall Street has reason to be concerned. An early end to the Fed’s bond buying program, which has helped keep long-term interest rates low and thus bolster the economy, would allow the central bank to make the most important decision of start raising short-term interest rates.

These have been stuck at a record low near zero since the start of the pandemic, one of the main reasons the S&P 500 has roughly doubled since hitting a four-year low in March 2020 Low rates are also a main reason many investors have dismissed fears that stock prices have climbed too high, too fast.

An investor who buys a 10-year treasury bill, for example, envisions a return of just 1.44%, without even tracking current inflation levels.

“As long as the 10-year remains below 1.50%, there is no alternative” to buying stocks, said Josh Wein, portfolio manager at Hennessy Funds.

To see how this increased Wall Street, consider what investors pay for every dollar in company profits. The price of the S&P 500 is trading at nearly 24 times the earnings per share its companies have made in the past 12 months, according to FactSet. That’s more expensive than its average price-earnings level over the past two decades of just under $ 18.

But stocks could continue to rise even after the Federal Reserve starts raising interest rates. Usually, such rate hike campaigns occur when the US economy has enough strength to stand up, without the help of the central bank. And that in itself can increase corporate profits, the lifeblood of the stock market.

Since 1983, the S&P 500 has performed positively in the 12 months following the start of a rate hike campaign in six of the seven occurrences, according to BofA Global Research. The average yield was 6.1%.

Widen the time horizon to two years after the first rate hike, and the S&P 500 has consistently had a positive return in all but one case.

Certainly, this exception has a similarity to the current market, according to Savita Subramanian, equity strategist at BofA Securities. The S&P 500 was much more expensive than normal in 1999, in the midst of the dot-com bubble, with S&P 500 prices trading at 30.5 times their earnings.

The all-time high for US stocks to perform when the Fed slows down its bond purchases is not so deep. Indeed, these bond buying programs have only become an integral part of the central bank’s toolkit since the 2008 financial crisis.

Stocks struggled a bit in the summer of 2013 when Fed Chairman Ben Bernanke suggested it could start slowing or cutting its bond purchases. This took investors by surprise, and the ensuing mini-market swoon became known as the “taper tantrum”.

But equities nonetheless quickly returned to the upside. The Fed did not finally raise short-term interest rates until the end of 2015, more than two years after the typed tantrum.

“While some fear that the end of the cut will accelerate the point at which interest rates rise, I don’t think that will happen, although this fear of higher rates adds to market nervousness in the short term,” said David Bahnsen, chief investment officer. Officer at The Bahnsen Group.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Falling Turkish Lira Reminds Risks Facing Emerging Markets

The writer is investment director at GAM

On paper, 2021 should have been a great year for emerging market currencies and bonds as global growth recovers from the shocks of Covid-19. But the alarming fall in the Turkish currency this year has shown just how bad things can sometimes go in the emerging market world.

On the emerging market strength checklist are a series of ticks: strong export growth, accommodative monetary policy in large developed economies, rising foreign exchange reserves, and high commodity prices. Still, the JPMorgan Emerging Market Currency Index has fallen 9% this year and yields have risen.

This is due at least in part to the return of the “vigilance” effect in financial markets where countries that deviate from traditional economic orthodoxy or borrow too much pay the price for weak currencies and higher bond yields. students. In large developed economies, these forces are still inactive. This is not the case in emerging markets.

Turkey is the most obvious example after the pound fell 20% over the past two weeks following further rate cuts that have heightened concerns about Ankara’s economic management.

Turkey’s economic fundamentals are in many ways the best in years, but President Recep Tayyip Erdogan’s insistence on interest rate cuts has put pressure on the pound.

In July 2019, Erdogan sacked central bank governor Murat Cetinkaya. The lira appreciated over the next month and at the end of 2019 was pretty much unchanged. When Erdogan repeated action against Naci Agbal in March this year, the pound fell 15% in one day before recovering and has struggled ever since.

But a rate cut last week – the third since September – sent the lira plummeting, hitting 13 per dollar (up from 7.2 on Agbal’s last day in office). The worst day for the pound came after Erdogan reiterated his attachment to his unorthodox views that high interest rates cause inflation.

The case of Turkey is perhaps the most extreme, but there have also been investor uprisings in markets from Brazil to South Africa.

Emerging markets were dragged down by three factors. The first is the strength of the dollar. Emerging markets have always struggled when the US dollar is strong. This makes it more expensive to service the external debt and can stimulate investment outflows.

The second is the Covid. The deployment of the vaccine has been done and has disappeared in developed economies, causing euphoria and then disappointment. Emerging markets went straight to the disappointment. Vaccines took a long time to reach the poorest countries. Even when available, vaccination rates are low.

The third, and arguably the most intractable, is the price emerging markets pay for populist, sometimes unpredictable governments with a relaxed approach to budget spending.

Unlike large developed economies, emerging markets have much less flexibility on the political front. Residents of emerging markets are much more inclined to transfer their savings in foreign currencies and even abroad, resulting in revaluation of bond prices and exchange rates.

Beyond Turkey, longer-term bond yields in emerging markets raise doubts about fiscal sustainability. Brazil’s key rate is 7.75 percent, but 10-year bonds are yielding 12 percent. South Africa’s figures are 3.75 percent and 10 percent. South African bonds have struggled to recoup post-Covid losses as Brazilian investors assume the country is entering one of its periodic phases of rate hikes.

These countries indicate either higher credit risk in a few years or high long-term rates to stem capital flight. Even Russia – with a sovereign balance sheet that would leave most finance ministers green with envy – is paying almost 9% to borrow for 10 years.

These rates appear to be an anomaly in a world where G20 yields are still historically low. It appears that investors who are happy to pay stratospheric valuations for tech stocks or fraud-prone cryptocurrencies suddenly become sober and cautious of poorer countries. Emerging markets rarely get the benefit of the doubt.

This has not been uniform since the Covid outbreak – while emerging markets were sold with everything else in the initial outbreak, a strong rally at the end of last year generated a return of 9 , 6% of the JPMorgan Emerging Market Local Currency Debt Index in the fourth quarter of 2020 and the index hit an all-time high at the start of the year.

To an investor, the current path seems clear: Emerging market assets are cheap, but investments in them are best funded by currencies other than the dollar, and it’s best to stick with countries with governments. responsible.

Not covered – Markets, finance and strong opinion

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Biden to Keep Powell as Fed Chairman, Brainard Becomes Vice Chairman | Economic news

By CHRISTOPHER RUGABER, economic editor of the AP

WASHINGTON (AP) – President Joe Biden on Monday said he was appointing Jerome Powell to a second four-year term as Federal Reserve Chairman, endorsing his handling of the economy through a brutal pandemic recession in which politicians The Fed’s ultra-low rates have helped boost confidence and boost the job market.

Biden also said he would appoint Lael Brainard, the only Democrat on the Fed’s board of governors and the preferred alternative to Powell among many progressives, to the post of Vice President.

His decision strikes a note of continuity and bipartisanship at a time when soaring inflation is weighing on households and increasing the risks for the recovery of the economy. By supporting Powell, a Republican who was elevated to his post by President Donald Trump, Biden dismissed progressives’ complaints that the Fed has weakened banking regulations and has been slow to factor climate change into its oversight. banks.

“When our country suffered a job hemorrhage last year and there was panic in our financial markets, Jay’s consistent and decisive leadership helped stabilize markets and put our economy on the back burner. on track for a solid recovery, ”Biden said, using the Powell nickname.

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In a second term that begins in February, Powell would face a difficult and high-risk balance: inflation has hit a three-decade high, causing hardship for millions of families, darkening the recovery and undermining the tenure of the United States. Fed to keep prices stable. But with the economy still more than 4 million jobs below its pre-pandemic level, the Fed has yet to fulfill its other mandate of maximizing employment.

Next year, the Fed is expected to start raising its benchmark interest rate, with financial markets forecasting at least two increases. If it moves too slowly to raise rates, inflation can accelerate further and force the central bank to take more drastic measures later to bring it under control, potentially causing a recession. Yet if the Fed raises rates too quickly, it could stifle hires and the recovery.

If confirmed, Powell would remain one of the most powerful economic leaders in the world. By raising or lowering its short-term interest rate, the Fed seeks to slow or stimulate growth and hiring, and keep prices stable. His efforts to lead the US economy, the world’s largest, usually have global consequences.

The Fed’s benchmark rate, which has been close to zero since the pandemic hit the economy in March 2020, influences a wide range of borrowing costs for consumers and businesses, including mortgages and cards credit. The Fed also oversees the country’s largest banks.

For months, Powell has been the front-runner to be re-elected, but a vigorous campaign by environmental and public interest groups in favor of Brainard has darkened the picture in recent weeks. Critics, including Senator Elizabeth Warren, D-Massachusetts, have argued that Powell relaxed banking regulations put in place after the 2008-2009 financial crisis.

And two other senators voiced their opposition to Powell last week because they said he was not sufficiently committed to using the Fed’s regulatory tools to fight global warming.

Brainard, meanwhile, has cast 20 dissenting votes against changes to financial rules over the past four years. In March 2020, she opposed a regulatory change that she said would reduce the amount of reserves that big banks had to hold to hedge against losses. She also spoke more forcefully than Powell about ways the Fed can deal with global warming.

Biden sought to allay those concerns. He said Powell had pledged to make climate change “a top priority” and agreed to ensure “that our financial regulations stay ahead of emerging risks.”

“Jay, along with the other members of the Fed board that I will appoint, must ensure that we never again expose our economy and our American families to these kinds of risks,” he said. at the White House, referring to the 2008 financial crisis.

Biden still has the option of filling three other positions on the Fed’s board of governors, including that of vice chairman of oversight, a prominent banking regulatory post. Those positions will be filled in early December, Biden said.

Biden admitted that some Democrats had encouraged him to choose a new Fed chairman, for a “fresh start.” But he said he wanted to go in a different direction.

“We need stability and independence at the Federal Reserve,” he said. “I think broad, bipartisan Fed leadership is important, especially now, in such a politically divided nation.”

Biden praised Powell for his efforts to achieve maximum jobs, but did not press him on inflation, which has become the biggest economic threat to his administration. Biden said the US economy is in the midst of a “historic recovery” which gives the Fed the opportunity “to attack inflation from a position of strength, not of weakness.”

Powell said “we know that high inflation negatively impacts families, especially those who are less able to afford the higher costs of basic necessities, such as food, shelter and transportation.” . He pledged to use the tools of the Fed – mainly by raising interest rates – “to prevent higher inflation from taking hold.”

Powell’s re-appointment is expected to have broad approval by the Senate Banking Committee, and then by the Senate as a whole.

Some liberal Democrats such as Sen. Sherrod Brown of Ohio, chairman of the Banking Committee, have supported Powell, as have moderate Democrats, including Sen. Jon Tester of Montana. He was also endorsed by Sen. Pat Toomey, R-Pa., The leading Republican on the panel, and will likely receive broad support from Republicans.

Wall Street applauded the renomination, with stock prices rising and fear measures easing in the market immediately after the announcement. The S&P 500 is about to close at another record.

The 68-year-old lawyer was appointed to the Fed’s Board of Governors in 2011 by President Barack Obama after a lucrative career in private equity and after holding several positions in the federal government.

Unlike his three immediate predecessors, Powell does not have a doctorate. in economy. Yet he earned generally high marks for handling perhaps the world’s most important financial situation, especially in his response to the coronavirus-induced recession.

Still, soaring inflation forced the Powell Fed to slow down its economic stimulus sooner than expected. At its last meeting in early November, the central bank said it would start cutting its monthly bond purchases by $ 120 billion this month and likely end it by mid-2022. These purchases were aimed at keeping long-term borrowing costs low to stimulate borrowing and spending.

For months, Powell called inflation “transient,” but more recently he admitted that higher prices had persisted longer than expected. At a press conference this month, Powell acknowledged that high inflation could last until the end of summer 2022.

Brainard’s rise to the number 2 position of the Fed follows the key role it played in the Fed’s emergency response to the pandemic recession. She is part of a “troika” of key policy makers that includes Powell and Richard Clarida, whom she will replace as vice president in February.

Brainard was the architect of the Fed’s new policy framework, adopted in August 2020, under which it said it would no longer hike rates simply because the unemployment rate had fallen to a low level that could boost the economy. ‘inflation. Instead, the Fed said it would wait for real evidence of the price hike.

Brainard also played a key role in the Fed redefining its maximum employment target as “broad and inclusive,” taking into account the unemployment rate of blacks and other groups and not just Americans as a whole. political decisions.

She also discussed ways in which the Fed could take climate change into account more directly in banking supervision. Many environmental groups say loans to oil and gas companies, as well as commercial real estate developers, could default and cause significant losses to banks if environmental damage worsens or renewables provide a larger share. of electricity production.

“Climate change,” she said, “is expected to have profound effects on the economy and the financial system, and it is already inflicting damage. “

Associated Press writer Josh Boak contributed.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Dogecoin could withstand 16% drop ahead of next rally

Disclaimer: The conclusions of the following analysis are the sole opinions of the author and should not be construed as investment advice.

Dogecoin has had an appalling November so far. Wider market corrections have slowly eroded the value of DOGE by a total of 26% over the past 20 days. Candles now sit below their daily simple moving average lines of 20, 50 and 200 and face the weight of short selling.

While a potential bullish cross on the MACD may determine DOGE’s short-term price action, an area of ​​air resistance presented a major hurdle. At the time of this writing, DOGE was trading at $ 0.2327, up 0.5% in the past 24 hours.

Dogecoin Daily Chart

Source: DOGE / USD, TradingView

Considering that DOGE was trading below its 20 (red), 50 (yellow), and 200 (green) SMAs, short selling was a significant threat if another round of corrections took hold of the market within the meaning large. This would see DOGE move to the stronger support line of $ 0.1936 as it also hit the low value area.

Now the aforementioned support appears to be a safe area for DOGE. The same triggered an 80% increase in early August and a 40% jump in September. From there, the introduction of new longs would help start another rally.

To avoid a 16% drop in this reliable support, DOGE would need to kick off much of the selling pressure by recording a close above $ 0.242 to $ 0.272. This region coincided with the POC of the visible area as well as the aforementioned MAs. The next draw would be scheduled once DOGE marks the price cap of $ 0.297 and its high value area.


Given that the RSI was languishing in bearish territory, an immediate break above $ 0.272 is rather unlikely. The directional movement index also maintained a bearish outlook, with the -DI line continuing to trade above the + DI line. Some optimism has arisen from a potential bullish cross on the MACD, but DOGE would need stronger clues to face a major blockade to come.


Dogecoin needed to break above $ 0.242 to $ 0.272 to fall into a bullish bias. However, weak readings from the DMI and RSI have aligned a long-term bearish narrative for DOGE, despite the bullish outlook for the MACD.

Dogecoin will be better positioned for an increase once a 16% retracement pulls the price towards more reliable support at $ 0.193.

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3 best dividend-paying stocks you can buy right now

Investors turn to dividend-paying stocks for a reason: they want a reliable income stream. Dividend stocks can be ideal for retirees or other income investors because they regularly provide cash.

Investors have two choices for dividend-paying stocks: high-yielding dividend stocks with higher risk or more reliable dividend-paying stocks that constantly increase payouts. Owl Rock Capital Corporation (NYSE: ORCC), Morgan stanley (NYSE: MS), and Travelers (NYSE: TRV) are all dividend paying stocks that range from riskier high yielding stocks to reliable dividend payers.

Image source: Getty Images.

1. Owl Rock Capital Corporation

Owl Rock Capital offers a stellar 8.5% return, but there are a few things investors need to know about this high-yielding stock. Owl Rock Capital provides loans to middle market businesses and is known as the Business Development Corporation (BDC). A BDC is simply a business that grants loans or purchases shares in private companies in the United States. These companies can help finance businesses that banks may consider too risky.

BDCs have tax rules similar to those of real estate investment trusts (REITs), requiring them to pay 90% of their income in the form of dividends. For this reason, BDCs offer higher dividend yields, but can be riskier investments.

Owl Rock Capital provides loans to mid-market companies or companies with earnings before interest, taxes, depreciation and amortization (EBITDA) of $ 10 million and $ 250 million and annual turnover of 50 to 2 , $ 5 billion. The company believes this space is underserved as large institutional investors are subject to tighter liquidity requirements. As a result, these large institutions lend to large companies, leaving a funding hole for small businesses.

This focus on mid-market companies has paid off, with Owl Rock Capital recording investment income of $ 740 million, up 27.1% from 2020 and 43.4% from 2019. Another key metric for BDCs, called net asset value per share (NAV), came in at $ 14.95, up nearly 2% from the same quarter last year. Growing net asset value is one way of knowing if you’re investing in a strong management team that creates long-term value. While the company’s net asset value declined in 2020 due to low interest rates amid the pandemic, it has moved in the right direction over the past year.

Owl Rock Capital’s high yield is attractive. Nonetheless, investors should be aware of the potential default risks if the economy as a whole were to struggle. As the company invests in mid-market companies, these could be the first to feel the pain of an economic downturn.

Investors should also keep an eye out for rising interest rates, which could affect the repayments of these loans by the companies in its portfolio. Rising rates could also make the stock less attractive if its dividend yield does not rise in line with interest rates. However, given the current strength of the economic recovery and loan markets, Owl Rock Capital appears to be a solid, high yield dividend stock that is worth the risk.

2. Morgan Stanley

Morgan Stanley is another solid dividend paying stock, returning investors nearly 2.7%. This dividend had doubled when its quarterly dividend was announced in June, testifying to the company’s solid financial position.

Morgan Stanley is best known for its investment banking services, which have been excellent this year. In the first nine months of 2021, its investment banking revenue grew 61%, thanks to a solid backdrop of M&A (M&A) and initial public offering (IPO) activity.

Although its investment bank has performed well, what excites me most about the company is how it can thrive in various market conditions. Last year, the company focused on diversifying its revenue streams by acquiring E * Trade and Eaton Vance. By adding the E * Trade platform, Morgan Stanley has added a stream of commission and fee income that can work well with increased market volatility, which tends to increase trading.

The addition of Eaton Vance has boosted the company’s asset management segment, providing it with a steady stream of asset management fees to stabilize its revenue. Over nine months this year, the company’s fees and expenses increased 20%, while its asset management income increased 41% from a year ago.

A key indicator to watch for dividend-paying stocks is the payout ratio. This ratio can give you an idea of ​​the sustainability of a dividend. Usually you want to see a business with a payout rate of 50% or less. Morgan Stanley’s payout ratio is around 15%, giving investors confidence that the company can continue to maintain and increase its dividend. With its diverse business model, Morgan Stanley is well positioned to succeed and deserves a place in any dividend investor’s portfolio.

The mechanic looks at the tablet with a customer.

Image source: Getty Images.

3. Travelers

Travelers is a solid dividend paying stock that pays 2.2% and is committed to increasing dividends – which it has done for 17 consecutive years. Travelers is a property and casualty insurance company that offers several coverage options, including auto insurance, workers’ compensation, and property coverage for individuals, businesses and governments. According to S&P Global Market Intelligence, Travelers was the top commercial insurer in the United States in 2020, and it is the only commercial insurer with a top five position in five major product lines, showing its product line.

This year’s growth has been solid for travelers and can be attributed in part to the context for insurers. Insurance companies have recorded larger claims due to the increase in disaster losses caused by extreme weather and other events in recent years. As a result, insurers must respond by increasing premiums, thereby creating an environment conducive to premium growth. Travelers saw their premiums increase by 5.9% in the first nine months of 2021 compared to last year. In the third quarter, its in-force auto and home insurance coverage hit a record high.

Along with strong revenue growth, you want insurers to maintain good profitability on the policies they write. One measure used by insurance companies is the combined ratio, where a ratio of less than 100% indicates that the company is writing profitable policies. Travelers posted a combined ratio of 97% in the first nine months of this year, and in the past 15 years, Travelers has only seen its combined ratio cross 100% once in 2011.

Travelers’ consistency in profitable underwriting is one of the main reasons the company has increased its dividend payouts for 17 consecutive years. That, along with its 24% payout ratio, puts Travelers in a position to continue paying and increasing its dividend payouts, making it another stellar dividend stock for income investors.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.

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2 dividend shares to buy and 1 to sell

Dividend stocks can be great creators of wealth. Since 1973, dividend payers have outperformed the shares of the S&P 500, according to data from Ned Davis Research and Hartford Funds. However, the fact that a company pays a dividend does not guarantee success. Companies that steadily increased their dividends generally beat the market, while those that kept it level or cut or eliminated their payments generally underperformed.

Faced with this distinction, some of our contributors have taken a critical look at dividend stocks. This led them to highlight two dividend-paying stocks that they think seem like good buys – Crestwood Equity Partners (NYSE: CEQP) and Enterprise Product Partners (NYSE: EPD) – and an investor could consider selling, in Compression Partners in the United States (NYSE: USAC).

Image source: Getty Images.

Adding a new fuel source

Matt DiLallo (Crestwood Equity Partners): Crestwood Equity Partners pays one of the most attractive dividends on the market middle energy sector. The Master Limited Partnership (MLP) is currently earning 8.8%. While a dividend yield this high level could sound the alarm bells, a closer look at the numbers shows that Crestwood’s payout is strong and becoming more sustainable by the day.

For example, the MLP generated enough cash to cover its distribution a comfortable 2.18 times during the third quarter. This left him with money to cover his capital expenses with room to spare. As a result, Crestwood has also been able to maintain a strong balance sheet. He ended the quarter with a conservative leverage ratio of 3.45 times the debt-to-earnings ratio before taxes, interest, depreciation and amortization (EBITDA).

This gave Crestwood a lot of financial flexibility, which she is now using to acquire another MLP Oasis intermediary partners (NASDAQ: OMP) for $ 1.8 billion. This transaction will further improve its asset base and increase its cash flow while maintaining prudent financial measures. Crestwood expects distribution coverage to remain above twice while leverage will remain below 3.5 times debt to EBITDA ratio. For this reason, Crestwood plans to increase its already attractive distribution by 5% when the deal closes next year.

The Oasis Midstream deal provides a model for future growth as Crestwood can become a consolidator in the midstream. While its MLP structure isn’t for everyone, Crestwood’s financial strength and upside potential make it a great option for income investors looking to buy low-risk, high-yield dividend stocks.

This 8% yield is safe

Neha Chamaria (Enterprise Product Partners): Shares of Enterprise Products Partners have fallen nearly 9% since the last week of October, with the pipeline company’s third-quarter figures released earlier this month putting the stock under even more pressure after its profits plummeted. barely budged despite an increase in income. Now, here’s what the market needs to understand: Mid-level oil and gas companies should generally earn stable income, as they generate most of their income under long-term fee-based contracts that do not fluctuate with fluctuations. oil and gas prices. This is exactly what Enterprise Products Partners did: earn a stable income in the third quarter.

In addition, most investors invest in shares of Enterprise Products Partners for its dividends. Since high depreciation can drive down profits and not reflect the true picture of a midsize oil and gas company’s performance, what matters is cash flow or whether a company generates enough cash flow. cash to cover dividends and invest in growth.

Enterprise Products Partners didn’t leave much room to complain – it generated record cash flow worth $ 2.4 billion and Distributable Cash Flow (DCF) worth $ 1, $ 6 billion in the third quarter, which comfortably covered its distribution (or dividends) 1.6 times. The company also invested approximately $ 430 million in growth projects during the quarter.

This suggests that Enterprise Products Partners’ high 8% dividend is pretty safe. With growth capital spending expected to be lower next year as well, the company should not only be able to hedge its distribution well, but also increase its dividend again even if oil prices fall. In short, if you’re thinking of buying Enterprise Products Partners shares for its dividend, I don’t see why its third quarter numbers should deter you from taking a straight dive.

Too many risks

Brewer Ruben Gregg (Compression Partners in the United States): I am a dividend investor and high yields attract me like a light to a moth. This is why USA Compression Partners and their massive 13% distribution yield popped up on my radar screen. Yet a quick glance proved to me that the fat yield is just not worth the risk. And most investors should probably follow my lead.

For starters, USA Compression Partners is a master limited partnership, which is a complex business structure requiring unitholders to process a Form K-1 at tax time. This can be confusing and may even require you to hire a tax professional. MLPs also don’t work well with tax-advantaged savings accounts and are often seen as problematic on Capitol Hill because of the tax benefits they offer. If you try to keep it simple like I do, then MLPs are not your best bet.

In addition to this, USA Compression Partners provides services to the highly cyclical energy industry. Essentially, it provides the machines that maintain high pressure on pipelines and in drilling environments. It’s not a bad deal in and of itself, but when times get tough, the cast can start to seem a little questionable. For example, during the 2020 pandemic, distributable cash flow did not fully cover distribution. Coverage was only slightly above 100% in the second quarter, thanks to the rebound in the energy sector, but it would be difficult to characterize the distribution as “safe”.

Meanwhile, from a global perspective, energy service companies tend to be even more cyclical than the drillers they serve and it’s just too risky for me to go into a barely hedged return. , although huge. I am much happier with lower returns from a more stable business.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Questioning an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.

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Writer market

Global stocks mixed as investors wait for central bank moves

A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong stock index in Hong Kong on Tuesday, November 2, 2021. Asian stocks were mixed on Tuesday amid cautious trading ahead of a policy meeting of the US Federal Reserve.  (AP Photo / Kin Cheung)

A woman wearing a face mask walks past a bank’s electronic board showing the Hong Kong stock index in Hong Kong on Tuesday, November 2, 2021. Asian stocks were mixed on Tuesday amid cautious trading ahead of a policy meeting of the US Federal Reserve. (AP Photo / Kin Cheung)


Global stocks were mixed on Tuesday amid cautious trading ahead of a US Federal Reserve policy meeting.

The French CAC 40 rose 0.2% to 6,904.57, while the German DAX gained 0.2% to 15,837.55. The UK FTSE 100 fell 0.5% to 7,254.78. The future of Dow Industrials fell less than 0.1% to 35,786.00. The contract for the S&P 500 was also little changed, slipping less than 0.1% to 4,604.00.

With US inflation at its highest level in three decades, the US Federal Reserve is expected to start this week cutting back the extraordinary stimulus it has given to the economy since the pandemic recession struck early. from last year, a process that could prove to be a risky balancing act.

President Jerome Powell has indicated that the Fed will announce after its policy meeting on Wednesday that it will start cutting its $ 120 billion in monthly bond purchases as early as this month. These purchases aim to keep long-term loan rates low to encourage borrowing and spending.

In Asian trading, the Japanese benchmark Nikkei 225 fell 0.4% to close at 29,520.90. South Korea’s Kospi jumped 1.2% to 3,013.49. The Hong Kong Hang Seng lost 0.2% to 25,099.67, while the Shanghai Composite lost 1.1% to 3,505.63.

The Australian S & P / ASX 200 slipped 0.6% to 7,324.30 after the Reserve Bank of Australia kept its key interest rate move unchanged at an all-time high of 0.1%, but dropped indicated that it was preparing to cut some of its economic support measures.

Stocks rose as investors cheered on better-than-expected corporate earnings despite concerns about the impact of supply chain disruptions and rising inflation on businesses.

More than half of the companies in the benchmark S&P 500 have already published results. Analysts expect overall profit growth of 36% by the end of the report. 167 other companies in the index publish their results this week.

Pharmaceutical giant Pfizer will release its results on Tuesday and the CVS Health results update will be released on Wednesday.

In energy trading, benchmark US crude fell 9 cents to $ 83.96 a barrel in electronic trading on the New York Mercantile Exchange. It gained 48 cents to $ 84.05 on Monday. Brent crude, the international standard, rose 15 cents to $ 84.86 a barrel.

In currency trading, the US dollar fell to 113.66 Japanese yen from 113.98 yen. The euro cost $ 1.1604, compared to $ 1.1607.

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Fed to start restricting economic aid as inflation risk increases

FILE - In this file photo from September 30, 2021, Federal Reserve Chairman Jerome Powell testifies during a House Financial Services Committee hearing on Capitol Hill in Washington.  Powell says the tangled supply chains and shortages that have plagued the U.S. economy since this summer have worsened and will likely keep inflation high next year.  (Sarah Silbiger / Pool Photo via AP, File)

FILE – In this file photo from September 30, 2021, Federal Reserve Chairman Jerome Powell testifies during a House Financial Services Committee hearing on Capitol Hill in Washington. Powell says the tangled supply chains and shortages that have plagued the U.S. economy since this summer have worsened and will likely keep inflation high next year. (Sarah Silbiger / Pool Photo via AP, File)


With inflation at its highest level in three decades, the Federal Reserve is expected to start this week reducing the extraordinary stimulus it has given to the economy since the pandemic recession hit early last year, a a process that could prove to be a risky balancing act.

President Jerome Powell has signaled that the Fed will announce after its policy meeting on Wednesday that it will start cutting its $ 120 billion in monthly bond purchases as early as this month. These purchases aim to keep long-term loan rates low to encourage borrowing and spending.

Once the Fed ends its bond purchases by mid-2022, then it will turn to a more difficult decision: when to raise its short-term benchmark rate to zero, where it has been since. that COVID-19 hammered the economy in March 2020. Raising this rate, which affects many consumer and business loans, would aim to ensure that inflation does not run out of control. But that would carry the risk of discouraging spending and undermining the labor market and the economy before they regain full health.

“We don’t have a roadmap for what we’re going through,” said Diane Swonk, chief economist at Grant Thornton. Powell must “walk a tightrope” in supporting the recovery without “turning a deaf ear to inflation”.

In this uncertain backdrop, President Joe Biden has yet to announce whether he will reappoint Powell for another four-year term as Fed chairman. Powell’s current term expires in early February, but previous presidents have typically announced such decisions in late summer or early fall.

Biden is expected to offer Powell a second term despite complaints from progressive groups that the president has increased risks to the financial system by easing banking regulations and is not sufficiently committed to considering the economic threats of climate change in the Fed monitoring of businesses. Powell is admired on Wall Street and in most economic circles and has been praised for guiding the economy through the recession, in part thanks to an array of emergency loan programs from the Fed.

The Fed’s likely decision this week to cut bond purchases comes as high inflation disrupts the U.S. economy for much longer than Powell and many other officials initially anticipated. Consumer demand for healthy spending has been met with clogged ports, closed factories and labor shortages that have driven up prices for automobiles, furniture, food, building materials. and household products.

On Friday, the government said prices jumped 4.4% in September from the previous year – the fastest 12-month increase since 1991. There was, however, a sign that inflation could fall: excluding the volatile food and energy categories, prices rose only 0.2% from August to September. This was down a tenth from the previous month’s increase and well below the 0.6% jump in May.

Yet wages and salaries rose the most during the July-September period in at least 20 years, according to a separate report on Friday. This suggests that workers are increasingly able to demand higher wages from companies that are desperate to fill an almost record number of open jobs. Large wage increases can drive inflation up if companies raise prices to cover higher costs.

As inflation escalates, the labor market has not returned to full force. The unemployment rate was 4.8% in September, above its pre-pandemic level of 3.5%. And about 5 million fewer people have jobs now than before the pandemic. Many Americans have not yet stepped off the sidelines to look for work, some of them because they still fear the virus or cannot find or afford child care, others because they have decided to take early retirement.

Powell has said he would like the labor market to show further improvement before the Fed starts raising its short-term key rate. Economists expect him to use the press conference following the Fed’s meeting on Wednesday to point out, as he has done before, that the start of the Fed’s reduction in bond purchases will not begin. does not mean that a rate hike is near.

“I think it’s time to gradually cut back, and I don’t think it’s time to raise rates,” he said about a week ago.

The minutes from the last Fed meeting indicate that the central bank will likely reduce its monthly purchases of Treasury bonds and mortgages by $ 15 billion per month. By cutting bond purchases so quickly, the Fed would have the possibility of raising rates by the second half of 2022.

That doesn’t mean it will. At its last meeting, about half of the Fed’s policymakers predicted that the first rate hike would take place in late 2022, with the other half projecting 2023 or later. The timing of any rate hike will, however, depend on whether inflation is still high and whether the Fed believes the job market is back to full health.

Earlier in the pandemic, Powell had spoken optimistically to help restore the unemployment rate to its pre-COVID level, when it hit a low of 3.5% in 50 years. More recently, however, he and other officials have expressed doubts about the ability of the labor market to fully recover.

It is far from clear if or when the several million Americans who have left the workforce will return. Among the newly unemployed are those who live or work in places, such as inner cities of large urban centers, where jobs may never fully return. If many people have indeed given up on the job market for good, the Fed might decide it can assess sooner than it otherwise would.

“They must now think that the workforce has changed structurally,” said Steve Friedman, economist at asset manager MacKay Shields and a former senior executive at the New York Fed.

However, the risk is that the Fed will end up raising rates too soon. Supply bottlenecks could ease in the coming months. If the Fed were to raise rates at the same time, it could depress spending and weaken the economy just as its supply problems recede.

“We could easily see that demand is slowing just as supply is increasing,” said Randal Quarles, a member of the Fed’s Board of Governors, in a recent speech. “In the worst-case scenario, we could reduce the incentives to return to supply, leading to a prolonged period of sluggish activity.

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Writer market

Asian equities on the rise, following the Wall Street rally | Economic news

By YURI KAGEYAMA, AP Business Writer

TOKYO (AP) – Asian stocks were mostly higher on Tuesday after another rally to an all-time high on Wall Street.

Stocks rose broadly, with companies releasing much stronger summer earnings reports than analysts had expected. Historically low interest rates, along with strong corporate earnings growth, have helped the S&P 500 more than double from the low reached in March 2020 at the start of the coronavirus pandemic.

On Monday, the S&P 500 rose 0.5% to 4,566.48, breaking a record set Thursday. The Dow Jones Industrial Average also hit a record high, gaining 0.2% to 35,741.15. The Nasdaq composite rose 0.9% to 15,226.71.

In Tuesday’s session, the Japanese benchmark Nikkei 225 rose 1.8% to close at 29,106.01. The advance was helped by a 2.6% jump in electronics and entertainment Sony Corp., which will report profits later this week. Sony, which has video game and film divisions, saw sales increase as people switched to home entertainment during the pandemic.

Political cartoons

Other big winners included Nippon Telegraph & Telephone, which jumped 5.4% after improving its earnings outlook.

“Sentiments in Asia may largely reflect Wall Street’s outstanding performance overnight, while the COVID-19 situation in China remains under scrutiny with enhanced control measures,” said Yeap Jun Rong, strategist of market at IG in Singapore.

China has reimposed travel restrictions in some areas to tackle virus outbreaks that add to concerns over the slowing economy.

Hong Kong’s Hang Seng fell 0.7% to 25,938.50. The Shanghai Composite Index lost 0.4% to 3,594.52.

South Korea’s Kospi gained 1.0% to 3,050.14 after the government said the economy grew at an annual rate of 4%, according to government data. It was a little lower than expected. But analysts expect consumer spending to pick up as virus cases decline with the progress of the vaccine rollout in the country.

The Australian S & P / ASX 200 lost its earlier gains and remained little changed, advancing less than 0.1% to 7,443.40.

On Wall Street, Tesla hit the biggest gain of the S&P 500 after Hertz announced it would buy 100,000 Model 3 vehicles for its fleet. The landmark deal for the electric vehicle industry pushed Tesla up 12.7%. Because it is one of the most important stocks in the market, its movements have a disproportionate effect on the S&P 500.

So far, companies in the S&P 500 have reported third quarter profits that were nearly 46% higher than a year ago. This allowed the companies in the index to post overall growth of around 32.5%, according to FactSet. This compares to expectations of about 27% growth at the end of the third quarter on September 30.

Several of the market’s most influential stocks are expected to post their own earnings over the coming week. This includes Apple, Microsoft, Amazon, and Google’s parent company, Alphabet. Because these are the four biggest companies on Wall Street in terms of market value, their stock movements have a huge effect on the S&P 500, even more so than Tesla’s.

Moderna rose 7% after reporting encouraging data on the use of its COVID-19 vaccine in children.

Shares of energy companies surged after the price of US oil surpassed $ 85 a barrel in the morning. This is the first time this has happened in about seven years, although the price has come down over the day.

Benchmark US crude fell 16 cents to $ 83.60 a barrel in electronic trading on the New York Mercantile Exchange. It closed Monday at $ 83.76 a barrel.

Brent crude, the basis of international prices, gained 1 cent to $ 85.18 a barrel.

Contrary to previous Federal Reserve comments, Fed Chairman Jerome Powell said on Friday that inflation is expected to remain elevated for much of next year amid erased supply chains and shortages. This could put pressure on the central bank to end the record interest rates it is offering to support markets and the economy.

The central bank is preparing to slow down its monthly bond purchases to keep long-term interest rates low in the near future, but a move in short-term interest rates does not appear imminent.

The 10-year Treasury yield remained stable at 1.63%.

In currency trading, the US dollar rose from 113.71 yen to 113.92 Japanese yen. The euro cost $ 1.1605, compared to $ 1.1611.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Writer market

Agenda for an economic charter

The writer is a former civil servant.

Our economy faces structural problems of twin deficits, circular debt, loss-making public enterprises, low productivity, low-end exports and is therefore trapped in a boom and bust cycle.

Growth spurts are invariably halted by what economists call an ‘overheating’ of the economy, forcing us to resort to fiscal stabilization measures to slow growth momentum, mainly because the underlying structural problems crippling the economy. economy are still unresolved due to political economy constraints. The boom and bust cycle over the last seventy years of our economic history tells us that there is no shortcut to sustainable growth until we tackle these structural issues head-on.

The periodic strong growth has been driven by episodic public sector spending and investment, sometimes in the form of CPECs or sometimes by inflows of foreign aid. It is therefore high time that we developed a minimum political consensus on solving the structural problems of our economy in the medium and long term, because any further delay would exacerbate our economic difficulties and pose serious challenges to the stability of our regime.

These are the key areas where political parties need to come to an agreement to get the country out of the weak development path – a path characterized by low productivity, low value-added exports and low growth:

First, reduce the budget deficit by increasing revenue and reducing or freezing spending: political parties should agree to increase the tax-to-GDP ratio to 20% from the current 10% over a period of, say, the next ten years. years. There should be broad consensus on broadening the tax base, streamlining tax rates, removing exemptions, plugging leaks, updating and integrating the database of different economic transactions, strengthening enforcement, reducing the imbalance between direct and indirect taxes and restructuring and overhauling the tax mechanism / administration.

At the same time, we need to control and freeze our current spending by rationalizing the number of government employees with a clear understanding that government can no longer be the employer of last resort and making pensions an “off budget” item through creation. pension fund and change the pension design from the existing defined benefit pension system to a defined contribution plan for new employees.

Second, tackle the current account deficit by promoting higher productivity and high-end exports rather than relying on borrowing and remittances. The gap between exports and imports has always held back our path to economic recovery and growth on a sustained basis, as rising imports relative to stagnant, low-value-added exports worsen the trade deficit, weakening the currency resulting in devaluation and inflation pressures further requiring adjustments to stabilize the economy rather than continuing on the path of economic growth over a longer period of time to move from low income to middle / high income countries.

Economic history tells us that the way to achieve sustained growth is to convert your comparative advantage into competitive advantage by switching from low-end exports to high-end exports through technological upgrading and higher productivity. South Korea is an example. On the one hand, it requires investing in your human capital. On the other hand, we need to design a strategy to increase exports that should cover both goods and services, explore and develop hitherto unexplored sectors and find new markets to earn the foreign currencies we have. so much needed. We need to focus on the IT sector, mining and minerals, automobiles (a sector that has extensive backward and forward linkages with other sectors of the economy), pharmaceuticals, etc. to $ 40 billion over the next five years.

We need to prepare a very comprehensive set of incentives for new and high-tech sectors, as well as export targets (as has been done by South Korea), to become globally competitive, and then maintain that set. without interruption, regardless of any changes in political government. We also need to use electronic commerce, modernize our infrastructure and improve the efficiency of ports and shipping services in order to reduce the cost of doing business and improve our competitiveness.

The third area where we need political agreement is that of privatization. The political forces of this country must agree that the government will not venture into an area where goods and services can be provided by the private sector in the first place (with a few exceptions for strategic reasons like national security). The economic rationale for continuing to support organizations like PIA and Pakistan Railways, to name a few, at the cost of a budget deficit is no longer tenable given our precarious budget situation. There is no justification for running companies and businesses.

Having a consensus on privatization will achieve the triple objective of improving the efficiency of the economy, expanding the private sector and also reducing the budget deficit, as a huge amount is provided through annual budgets. loss-making public sector companies. in the form of financial support.

Fourth, subsidies to public sector enterprises and to food and energy products also contribute to the budget deficit. It must be agreed that the government will not try to control or subsidize the market prices of food and energy products. All products must be traded in the market at prevailing market prices. The government will only provide direct cash transfers to the poorest of the poor. Cash transfers should be linked to food and energy prices. In times of high commodity prices, the amount of cash transfers should be increased and vice versa. We have come a long way in institutionalizing a strong system to manage and run a direct money transfer program in the form of Ehsaas / BISP and we just need to eliminate a parallel system of provide general grants to the rich and the poor.

Fifth, solving structural problems will remain an elusive dream without holistic reform of our energy sector and it is imperative to have a consensus in this sector, given that successive political governments have hesitated to directly address the fundamental problems of the energy sector. energy sector because of the immense political costs. that a political regime might have to bear as a result of reform measures. There is a need to reduce the currently predominant dependence on imported fuels for power generation by switching to renewable energy sources such as solar, wind and hydropower as part of a well-defined plan. to be implemented over a period of time. Additionally, we need to replace cross-subsidy with direct subsidy using the Ehsaas database to identify deserving users.

The government must deregulate and privatize the distribution of electricity and gas and allow the private sector to compete and provide these services, as has been done successfully in other countries. Even if the tariff determined by Nepra is fully implemented, the circular debt flow will not stop due to under-collection of billing and excessive losses in transmission and distribution, which requires reform and, finally, the privatization of DISCO which has been repeatedly delayed by successive governments due to political policies. pressures. We therefore need a global political agreement to take ownership of this reform. The privatization of DISCO should be supported by a strong and effective regulatory regime with well-defined incentives and sanction structures.

Sixth, the 7th National Finance Commission Prize has resulted in an unequal distribution of resources between the federal government and the provinces, leaving the federal government at a fiscal disadvantage as the latter continues to pay down debt, budget for subsidies (intended for the population residing in the provinces), finance the expenses of the BISP / social protection (which should ideally be borne by the provinces) and incur the expenses of the civilian armed forces which essentially carry out law enforcement functions mainly in provincial jurisdictions.

As a result, provinces have little incentive to increase their own incomes – despite being required to help increase the tax-to-GDP ratio by taxing the agriculture and real estate sectors under the 7th NFC. There is therefore a need to revisit the NFC agreement either by amending the revenue sharing agreements to make them more balanced and fair, or by involving the provinces in some of the spending liabilities that are primarily theirs in the first place, in accordance with the mission. functions provided for by the constitution.

Seventh, Pakistani debt indicators continue to deteriorate due to persistent primary deficits, relatively high exposure to external debt (resulting in a sharp increase in the debt burden due to currency devaluation) and the high cost of domestic debt (due to higher inflation and cost of savings plans). External debt represents 35% of total public debt. We need to run primary surpluses for the next ten years, which means we don’t have to incur additional debt to cover our non-interest expenses. Second, we must reduce the proportion of external debt from 35% to 25% or less over the next five years. Third, political parties should make a solemn commitment to strictly adhere to the debt-to-GDP ratio ceilings prescribed by the Fiscal Responsibility and Debt Limitation Act. Fourth, lower inflation combined with lower borrowing requirements would translate into lower borrowing costs, which would allow more resources to be available for private and public sector investment, stimulating economic growth. Finally, we need to increase the share of long-term debt in our overall debt portfolio.

The process to reach consensus on the above issues should be led by the government involving consultations with all major political actors and other stakeholders and any changes after the finalization of the charter of the economy should also be made. only with the agreement of all parties concerned.

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Reading and writing

Poet, Katrina Rojas – Massachusetts Daily Collegian

“Can we forget that society says we have to choose? Can we just be?

Courtesy of Katrina Rojas

Senior journalist and Spanish double major, Katrina Rojas uses poetry to express her thoughts on love, her family and her identity as an Afro-Latina woman.

“I’m a very introverted, very reserved person, but I also have a lot to say,” Rojas said.

Rojas Instagram account, @katrinapoet, is a hub for his writing, photography and mindfulness practices, but it took years of practice before Rojas shared his work widely.

Teachers at the college were the first to compliment Rojas on his writing. She felt compelled to continue but noticed a change in her motivations.

“I started to use poetry as an emotional outlet and more as something I had to do as opposed to something I did for the class,” Rojas said.

In her freshman year of high school, Rojas attended the New England Young Writers Conference in Vermont and was selected from her cohort of students to perform her poetry live. “Zero Whites” is an emotional and confrontational poem addressed to Rojas high school mates.

“I don’t know if I really like white people, but my school is full of them,” she reads. “I know what you are thinking, but it can’t wait.” I can’t hold it back anymore, neither of us can.

During a practice reading for his very first performance, Rojas felt like he was making the mostly white audience uncomfortable, but his cohort was there to support him. During the official reading, the audience started to applaud after the first line. Rojas understands that her poems won’t resonate with everyone, and she’s okay with that.

“There will always be people who identify with themselves, and others who do not identify and others who have opinions different from yours,” she said. “That’s exactly what comes with this vulnerability you have when you write poetry.”

Rojas plans to launch a line of handbags featuring the text of his poems and expand his brand, Lotus by KR, after graduation next year. She called the business “an opportunity for me to share my words with others and positivity in all its forms”. Rojas’ long term goal is to publish a book of poetry, “Love Hits Like a Boomerang”.

“Poems don’t come out of me every day. It’s a process, ”Rojas said. “I go months without writing anything new, and it is difficult, but when I write something that I feel is very meaningful and that I am proud of, I like to share it with everyone and find commonalities between that.”

Rojas looks to the work of other people, like Toni Morrison and Rudy Francisco, to fill in the gaps between his periods of writing.

“Whenever I need inspiration, whenever I’m in this writer’s block, I read and look for different books that match how I feel,” she said.

She suggests journaling as a meditative practice and looks to prompts and daily events to spark her interest.

“My biggest tip is to write something, even if you think it’s bad, because at the end of the day, it’s for you,” she said.

Earlier this year, Rojas used his platform on Instagram to host a series of mindfulness sessions with Meghan Buschini, major in communication at UMass. The couple worked on a series of journaling and affirmation prompts before engaging in a short meditation with viewers.

“It has really facilitated this online community of vulnerable people who care about their well-being and self-care, and it’s something that I really stand up for,” Rojas said.

Rojas’ series of creative endeavors embodies a line from her poem“Until it’s over.”

“Can we forget that society says we have to choose? Can we just be?

Catherine Hurley can be reached at [email protected]and follow on Twitter @cath_hurley.

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Writer market

Stock Indices Close Lower as Jobs Data Stirs Uncertainty | News from USA®


Wall Street closed a wobbly trading day with a large drop in equities on Friday, after a weak employment report raised questions about the Federal Reserve’s timetable to reduce its immense support for markets.

The S&P 500 fell 0.2% after fluctuating between small gains and losses for much of the day. The modest drop ended a three-day winning streak for the benchmark. Despite that, he managed a 0.8% gain for the week, less than half of the index’s loss last week.

The Dow Jones Industrial Average fell 8.69 points, or less than 0.1%, to 34,746.25, while the Nasdaq composite slipped 74.48 points, or 0.5%, to 14,579, 54.

Wall Street reacted with uncertainty and disappointment to the highly anticipated September jobs report. US stocks fluctuated throughout the day, as did Treasury yields.

Political cartoons

The 10-year Treasury yield climbed to 1.60% from 1.57% Thursday night after initially falling to 1.56% immediately after the jobs report was released.

Small business stocks fell more than the overall market. The Russell 2000 Index lost 17 points, or 0.8%, to 2,233.09.

Much of Wall Street assumed that the job market had improved enough that the Fed soon began to cut back on its monthly bond purchases meant to keep interest rates in the long term. Investors had also asked the central bank to start raising short-term interest rates at the end of next year. The current ultra-low interest rates have been one of the main forces pushing stocks to record highs.

But Friday’s jobs report showed employers created just 194,000 jobs last month, well below the 479,000 economists were expecting. Many investors still expect the Fed to stick to its timetable, but the numbers were low enough to at least raise the question of whether it could wait longer to cut its bond purchases or possibly raise short rates. term.

“The lack of jobs is not pretty – there is no way around it,” said Mike Loewengart, managing director of investment strategy at E-Trade Financial, in a statement. “And many may think that will cause the Fed to pause in terms of the reduction strategy. But the jury is out on how the market will interpret the data.”

Below the surface, the numbers don’t offer much clarity. The unemployment rate fell to 4.8% from 5.1%, and the government has revised upward the hiring figures of recent months. But last month’s hires were still the lowest since December 2020. Average wages also rose a little faster than expected compared to August, helping workers but adding to concerns about inflation.

“This gives the Fed a bit more leeway on cutting and tightening in general,” said Cliff Hodge, chief investment officer for Cornerstone Wealth.

Inflation remains a big concern for investors after hitting its highest level in at least a decade, in part due to booming supply chains as the global economy reboots after its pandemic-caused shutdown. These supply chain issues will be a key focus for investors as they review the next round of quarterly corporate financial reports.

“Profit season is really going to be the next catalyst for the market to figure out where to go until the end of the year,” Hodge said.

Rising energy prices also contributed to inflation, and benchmark US crude for November delivery briefly exceeded $ 80 a barrel early Friday. This is the highest the first-month contract for U.S. oil has been since 2014.

This helped push S&P 500 energy stocks up 3.1%, by far the biggest gain among the 11 sectors that make up the index. Exxon Mobil rose 2.8% and Pioneer Natural Resources 4.6%.

About three in five companies on the S&P 500 closed lower, with losses at tech and healthcare companies accounting for much of the decline. Citrix Systems fell 5.7%, while Bristol-Myers Squibb closed down 3%. Only energy stocks and banks recorded gains.

Friday’s choppy trading continues an already volatile run since the S&P 500 set its record on September 2. A rapid rise in interest rates and the prospect of less support from the Fed has forced investors to reassess if stock prices have risen too expensive. Concerns about rising interest rates have also combined with political unrest in Washington, DC.

The S&P 500 had four consecutive days until Tuesday when it alternated between a 1% gain and a 1% loss. In recent days, the market has been more stable amid relief that Congress appears to be delaying at least one disastrous default on US federal debt.

Overseas exchanges closed unevenly on Friday. In Europe, the German DAX lost 0.3% and the French CAC 40 fell 0.6%. London’s FTSE 100 rose 0.2%.

Asian markets were stronger. Japan’s Nikkei 225 rose 1.3%, South Korea’s Kospi added 0.6%, and shares in Shanghai gained 0.7%.

AP Business Writer Joe McDonald contributed.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Reading and writing

Column: Emmys Were Too White, So Was UNC’s Media Production Program

The 2021 Primetime Emmys Awards were historic.

Michaela Coel became the first black woman to win the Emmy for writing a limited series for “I May Destroy You”. “Lovecraft Country” was the first drama series to win nods for both a black lead actor and a black lead actress.

But neither Jonathan Majors nor Jurnee Smollett, the two stars who directed the HBO series, have won a trophy.

In fact, of five acting nominations for “Lovecraft Country” – including one for the late Michael K. Williams – only Courtney B. Vance won the award for Best Guest Actor in a Drama Series. This reflects a larger trend: White stories with white production staff continue to dominate the industry.

At this year’s ceremony, only five of the acting trophies won went to black actors – or any actor of color – and all were for guest roles or the short form category. Two of those awards were for hosting Saturday Night Live.

The programs hosted here at UNC can play an important role in training emerging artists of color, such as next generation screenwriters and producers. Support for student filmmakers of color on this campus is objectively lacking, and at the same time, it’s better than ever. Much like the industry itself, there is still a long way to go.

Within the UNC media production program and writing for the screen and stage program, every professor in the Faculty of Communication is white.

Professor Dana Coen, who directs the minor’s writing on screen and on stage, told the Daily Tar Heel in an email that although the admission process for the minor is blind, “we are keenly interested in attracting applications from students of color and have expanded our outreach efforts in recent years to include color-focused campus clubs and organizations. ”

He also noted the recent hiring of two assistant professors of color under the screen and stage program writing: Professors Nizar Wattad and Skye Dent.

Professor Renée Alexander Craft, Acting Chair of the Communications Department where media production is located, says the department’s process of working “thoughtfully and collectively (to address these issues) helps us ensure that our values ​​are held true. align with our methods and our offers. ”

Professor Coen also provided a list of 13 films featuring characters of color that had recently been added to the minor’s classes. While these films all add a new level of racial diversity to the screen, three of them were directed by white men and only one by a woman of color. Only one woman has been credited for writing the screenplay in one of the named films: Emily V. Gordon, a white woman who co-wrote “The Big Sick” based on her actual romance with Kumail Nanjiani.

Sadly, these new films barely made a dent in actual lessons.

A fall 2021 program for a section of COMM 131, Introduction to Writing for Screen and Stage, includes two of the films referenced by Professor Coen, but maintains a lackluster distribution of classroom screenings.

Of the 10 films that the class will read or watch depending on the schedule, none were written or directed by women. Of the 23 male screenwriters and directors portrayed in these films, all are white except Barry Jenkins, who wrote and directed “Moonlight.” This whiteness is reflected on screen in the same films, with many characters played or voiced by white men.

This is unacceptable, both for students of color who deserve to work with stories that sound like the ones they want to tell, and for white students who will need cultural skills to make the film industry and fairer television.

While this program breakdown doesn’t reflect all classes, it does indicate a connection between what we see during the Emmys and what we see on campus.

Universities can’t control what shows are produced in Hollywood today, but they play an important role in training the writers and producers of tomorrow. The UNC must step up its support to support student artists of color on campus at the classroom, departmental and university levels.

Programs need to be updated to include a wider range of films, perspectives, styles and visual storytelling themes. But beyond that, media production professors need to prepare students to enter an industry that is already about race.

There is already a plethora of resources at UNC and at the national level to support faculty in this effort. Teachers can do the annual report Diaspora Black and Independent Film Festival an integral part of their lessons and encourage students to attend and engage in them. The festival, hosted at the Sonja Haynes Stone Center for Black Culture and History, brings together filmmakers to discuss industry trends and the black cultural experience.

Some media production courses have also opted for the Student Learning to Advance Truth and Equity program. The program, an extension of the College of Arts and Sciences “Reckoning” initiative, brings together a cohort of students from 13 departments and schools to critically study the race and experience of black Americans. Teachers integrate SLATE courses into their curricula, creating an accessible channel to build discussions about race into their lesson plans.

Additionally, Craft said the communications department has internally launched an “anti-racism program initiative” to create a space for faculty to grapple with tough questions about what an anti-racism program can or might look like. Outside the classroom, professors advocated the creation of a student writing competition that examines anti-racist themes. They want the competition to include a cash prize and a public reading of the winner’s work, a prize that both strengthens the career prospects of a winning writer and creates space to engage with race within the program. .

The greatest long-term need, however, is an investment in filmmakers of color to teach at UNC, and this responsibility cannot lie with the communications department alone. The department must be supported by sustainable funding from the University to recruit new professors in each of its programs. But that doesn’t mean the ministry’s hands are tied in the meantime.

Even when the opportunity to hire new faculty is limited, the department may invite established filmmakers of color to lead workshops and film screenings at UNC. It is not a new concept; professors invited filmmakers like Miao Wang and Kalyanee Mam to dialogue and screen their work. But funding needs to be made available to bring these filmmakers to campus, even if on Zoom.

When we see diversity issues in programs like the Emmys, the problem isn’t a lack of talent, but a lack of fairness. The solution must be a change in how and where we invest. It is not enough to fund Arts Everywhere without investing in the long-term educational growth of programs that are supposed to produce artists who are not only ready to join the television industry, but to shape it.

@ hatching

[email protected] | [email protected]

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Reading and writing

BVSD reminder; Marc A. Thiessen; affordable housing; Richard Garcia; – Daily Boulder Camera

Harriet Edelstein: BVSD Reminder: Building Confidence in Our Children

I am writing to support the members of the BVSD school board who made the wise, humane and practical decision to put in place a mask mandate for our children and to oppose their recall. We are in a global pandemic. Recommendations from our Colorado and local public health officials, infectious disease specialists and the CDC should be followed. All school employees and our children must be masked to protect themselves and those they come into contact with from devastating illness and possibly long-term disability.

Supporters of the recall say they are concerned about the mental health of our children. I expect them to advocate for more mental health professionals, social workers, psychologists and counselors in our schools then. I worked as a school social worker in the BVSD system for almost 30 years. During my time in schools, the need for mental health services was overwhelming and has only increased since then, especially with anxiety and depression brought on by the continued spread of COVID-19 and the stress that added to families. Hiding our students will help end the disruption we are causing to all by hastening the end of this scourge. Doing less only continues the devastation. Children need to know and trust that their parents and guardians put their safety first. They must also be taught to be good citizens and socially responsible people by caring for others.

Needless to say, the exorbitant cost of a recall (at least $ 600,000) is an outrageous waste at a time when schools and staff are suffering the needs of responding to continuing viral epidemics. Refuse to sign the recall petition.

Harriet edelstein


Riley Mancuso: Marc A. Thiessen: A Hateful Comment

Shame on camera for reprinting Marc A. Thiessen’s hateful comment of September 26 “When you vote to let terrorists kill Jews, that’s anti-Semitism”.

It is not anti-Semitic to oppose sending blank checks to the IDF. Israel is not Jewish. Israel is an apartheid nation-state that attempts to synonymous with Judaism to deflect criticism. Many Jewish organizations strongly oppose the Israeli occupation, including the Jewish Voice for Peace (JVP) and B’Tselem (Israel Information Center for Human Rights in the Occupied Territories), which holds a current account of the death toll in the “conflict”, showing that 87% of the deaths were Palestinians and only 13% Israeli.

Palestinians are not terrorists. The Palestinians are a people, a diverse population of Jews, Christians and Muslims, whom Israel attempts to equate with terrorism to distract from its own war crimes. And war crimes is the end of it. Defense for Children International (DCI) keeps a weekly record of the number of children killed with live ammunition by the IDF in the West Bank, as well as children jailed for months without charge or trial in Israeli detention centers. However, the life and human dignity of Palestinian adults also matters.

You can find out more at What Israel is doing to the Palestinians is not a bilateral “conflict”, it is ethnic cleansing, as defined by the United Nations – “” … a deliberate policy designed by an ethnic or religious group to eliminate by violent means and inspiring terrorism the civilian population of another ethnic or religious group in certain geographical areas.

Riley mancuso


Don Tocher: Affordable housing: it’s too many students

Martha H. Jones shows why your editorial stance is weak (September 26), and I think the greatest return on investment in affordable housing is in the actions that should be taken by CU Boulder.

While I like a lot of things about CU (a few good departments, faculties, publicly accessible programs, and sports), I think CU has been irresponsible about it.

According to: 72% of CU’s undergraduates (approximately 22,000) live off campus. CU improved its image as a “party school” by dumping too many students and young teachers into the city; thus making our affordable housing goals unachievable. It continues its momentum of expansion without worrying about its environment.

CU Sud’s effort included negotiating with CU for the easement necessary for flood mitigation; this failed (Editor’s note, Camera letters, August 25). Likewise, asking CU to reduce its growth – in fact, temporarily downsizing in sync with the construction of residential-only spaces will likely fail, too. So if so, sue CU for encroachment.

Don Tocher


Bob Norris: Richard Garcia: The recall is a big mistake

Rarely have recalls in Colorado met with the intention of recalls in the state. The attempted recall of Boulder Valley School District board members Richard Garcia, Lisa Sweeny-Marin and Kathy Genhardt, is no exception.

They were following the recommendation of the Boulder County Health Department which, in turn, followed the science used by the CDC to protect the health of students in the district. For those of you who don’t know Mr. Garcia, he has dedicated over 40 years to educating our children. Mr. Garcia understands not only reading, writing and arithmetic, but also the many other facets of education that are necessary for the development of the whole child. Mr. Garcia was also responsible for programs that help parents understand how to support their own children and their education and also how to bring parents, teachers and principals together to ensure better results.

Voters in the Boulder Valley School District would be foolish not to keep Mr. Garcia’s job on the school board.

Bob norris


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Writer market

2 health stocks you can buy and keep for the next decade

The healthcare industry offers compelling stock picks for investors of all ages and trading styles. As a writer and health investor in this area, I myself am a supporter of this industry. With everything from familiar names to small businesses in the clinical stage, options abound, regardless of your personal risk tolerance.

One of the things I love about healthcare stocks in particular is the fact that this industry can be very defensive, which means that regardless of what’s going on with the economy or the rest of the world. stock market, companies established in this space generally collect a constant stream of demand. This is great news for investors looking for ways to exploit stable portfolio returns during times that are volatile or uncertain for the broader market.

On that note, here are two great healthcare stocks to consider buying now that you can hold and continue to grow for many years to come, regardless of what the market is doing.

Image source: Getty Images.


If you weren’t familiar with Pfizer (NYSE: PFE) before the pandemic, you probably are now. The pharmaceutical stock has been a clear winner in the coronavirus vaccine race from a business perspective. It was the first company to gain full approval for a vaccine against the deadly virus from the United States Food and Drug Administration (FDA).

But its success did not end there. On September 22, Pfizer announced that the coronavirus vaccine it developed with BioNTech, which is marketed under the name Comirnaty, was also the first to receive Emergency Use Clearance (EUA) from the FDA for the highly anticipated third recall. Currently, the EUA covers “people aged 65 and over, and people aged 18 to 64 in certain high-risk groups”.

And on September 28, Pfizer announced that with BioNTech, it had submitted to the FDA the first positive data from an advanced stage trial of Comirnaty that evaluated its safety and effectiveness in children aged 5 to 12 years. Management has also said it intends to submit an application to the FDA to authorize the vaccine for emergency use in this age group in the coming weeks.

Pfizer is also working on other potentially breakthrough treatments in the COVID-19 space. For example, the company announced on September 27 that it was launching a global phase 2/3 trial to study the effectiveness of a new oral antiviral candidate as a potential preventive treatment for people living with someone who has contracted the virus. COVID.

Pfizer’s scientific success contributes to its bottom line. In the first six months of 2021, the company reported that its revenue and net profit increased by 68% and 53%, respectively, from the previous year. Overall, Pfizer predicts it will bring in nearly $ 34 billion from Comirnaty in 2021. Given its future potential – as well as other top-selling drugs in the company’s portfolio, such as anticoagulant Eliquis and anti-cancer drug Ibrance – Pfizer looks set to benefit from heavy tailwinds in the years to come.

Investors who wish to capitalize on this growth are certainly encouraged to do so, especially since the $ 43 share is currently trading at just over 10 times the estimated 2021 earnings. And its dividend yield of 3 , 6% is just the deciding factor for this large healthcare company.

2. Vertex Pharmaceuticals

Drug maker Vertex Pharmaceutical (NASDAQ: VRTX) certainly made less headlines than Pfizer, but I think it deserves investor attention as well. Its shares have fallen more than 30% in the past year, but are still up more than 100% in the past five years – well in line with the S&P 500of earnings during the same period.

Vertex’s strength lies in its competitive advantage and the particular focus of its business. The company is a major competitor in the cystic fibrosis therapy market, an industry that a new report from Global Market Insights has estimated to be worth nearly $ 27 billion by 2027. Trikafta, the drug of choice top-selling Vertex, is approved to treat over 90% of people with the condition.

Its product portfolio, which includes Trikafta and three other drugs (Symdeko, Orkambi, and Kalydeco), are all modulators of CFTR, which means these drugs are aimed at treating the source of CF. The condition occurs when there is a mutation in the CFTR gene. At present, these four products are the only CFTR modulators that have been approved by the FDA, so Vertex certainly has a business advantage over other competitors developing this type of drug.

This has translated into immense financial growth. Over the past decade, Vertex’s annual revenue has grown by almost 340%. And in the first half of 2021, the company reported a 16% increase in revenue over the period last year, to around $ 3.5 billion.

Although stocks are currently down (some investors reacted strongly when the company stopped developing two drug candidates for a rare genetic condition, alpha-1 antitrypsin deficiency), I think the stock has some upside potential. important in the long run. Vertex’s presence in the cystic fibrosis therapeutics market, its growing portfolio of candidates spanning a broad spectrum of rare diseases, and the steady growth of its balance sheet make the company a must-have investment to buy and hold in the market. long term. Perhaps now is the perfect time to hook this stock down.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.

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Writer market

TuneGO Launches Custom Platform For Music Artists To Enter NFT Market

Creators are flocking to the NFT market, and musicians are clearly no exception. While they share some industry attributes and considerations with the larger art community on the blockchain, they also have unique challenges and considerations – managing rights and royalties and dividing projects between them.

This is the path that TuneGO, which already operates a technology platform that creates a digital footprint for metadata associated with individual songs and tracks, is heading towards its expansion into NFTs. The company is launching an NFT Marketplace that provides musicians with a unified platform to secure their content, protect their creative rights, create NFTs, distribute them on streaming platforms, and monetize them through social media, video games and movies.

TuneGONFT operates on the Flow blockchain in collaboration with Dapper Labs, the company behind NBA Top Shot whose partner studios include the NBA, NBPA, WNBA, WNBPA, Warner Music Group, Ubisoft, Genies and UFC. Investors include Andreessen Horowitz, Coatue and Union Square Ventures.

The inaugural drop of the new platform is an NFT from Method Man’s Tical World Comic Universe, which is part of a comic book series by the artist that will also include previously unreleased music. TuneGO is also partnering with Hidden Beach Recordings as part of a long-term NFT initiative. John Kohl, co-founder and CEO, said an announcement with a major label is coming up and several top artists have NFT content in the TuneGO pipeline.

“Our mission is to become the default market for the music industry,” says Kohl.

Speaking about NFT’s general opportunity for musicians, Lesley Silverman, who heads the digital assets division of United Talent Agency at United Talent Agency, said: “Since Napster, artists haven’t really been able to directly monetize what they create on the music side. Overall, this technology has the ability to allow creators to engage with their fans in more meaningful ways. “

The still nascent conversation around NFTs requires genuine interest in blockchain and crypto spaces by artists and their fan communities, notes Silverman. “There are many tools. Anyone who can help you speak this language will be a very important co-pilot right now, ”she notes.

“Blockchain is reshaping the way people use and interact with our digital world,” says Mickey Maher, head of flow partnerships at Dapper Labs. “Our partnership with TuneGO enables the creative community to leverage blockchain to transform the way they and their audiences create and consume content, while protecting what they own and market.

Already entrenched in the recorded music and distribution marketplace, TuneGO’s NFT foray promises musicians a direct line to connect directly with fans and monetize their art both within and outside the music industry. traditional.

“We can work with labels, but our door is open to the independent community,” says Kohl, who says when TuneGo launched in 2013, independent music accounted for 35% of all industry revenue. “Today it’s around 42%, and I see it increasing every year. I like the fact that artists are more and more educated with more tools to distribute their own music, the possibility of becoming popular on social networks. They don’t always have to give up all their rights anymore, and if a label wants to come later, they have a little more control.

From a label perspective, Kohl says his current conversations tend to focus on, “We don’t have the expertise, the bandwidth, or the technology to do it. We need to partner with someone who does, and we need help with the execution and the creative side. “

Perhaps most importantly for artists, the TuneGO platform is home to the tools the music community explicitly needs to ensure that every stakeholder, from writer and artist, to session musician and artist. engineer, be paid for his work.

The heart of its NFT platform is the TuneGOVault, which thousands of musicians already use for sound recordings. Among its key attributes is complete transparency regarding the divisions of creators. The platform tracks NFT sales revenue allocations, as well as recording and publishing allocations of music associated with NFTs, and requires all copyright owners, songwriters and publishers to review and approve the creation rights before the strike of the NFT. This is a big selling point of the platform, given that today the average song has more than six stakeholders, sometimes as many as 10 or more.

“The foundation of musical rights is still archaic,” says Kohl. “Every year, billions of dollars in music royalties are still collected by collecting societies and not redistributed to the creative world. Sound Exchange is literally based on $ 500 million a year. They collected the money and they say they don’t even know where to send it.

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Fiction publisher

Richard Osman’s second book is one of the best-selling novels since record breaking | Books

Richard Osman’s follow-up to the Thursday Murder Club, The Man Who Died Twice, has become one of the best-selling novels since the records began.

Posted on September 16, The Man Who Died Twice continues the adventures of the gang of old detectives of Osman, Elizabeth, Joyce, Ibrahim and Ron. It sold 114,202 copies in its first three days of sales last week (including pre-orders), according to Nielsen BookScan – a performance that the Sales Monitor says made it one of the best-selling novels. since he started tracking sales in the late 1990s.

The man who died twice from Richard Osman. Photography: Penguin

Since then, only four adult hardcover novels have sold more in their first week on the shelves: Dan Brown’s The Lost Symbol (550,946 sold in its first week) and Inferno (228,961), The Casual Vacancy. by JK Rowling (124,603) and the late Harper Lee’s Go Set a Watchman (168,455).

Last week, Sally Rooney’s third novel, Beautiful World, Where Are You, topped the UK charts with sales of 46,065 copies. This week, Rooney’s novel ranks 4th overall, with 19,782 copies sold. And Away by Bob Mortimer… is behind Osman in second place, with 42,094 copies sold.

Osman also topped the paperback charts last week with The Thursday Murder Club, which sold 23,966 copies last week. The last time an author scored a No.1 double fictional board was in March 2017, when James Patterson’s 16th Seduction topped the board of hardback fiction and Never Never topped the book list. of pocket. The Thursday Murder Club has sold over a million copies since its publication in September last year and has spent 45 weeks topping the fiction bestseller lists.

Osman said he was “very pleased” with the sales. “It exceeds our wildest forecasts. My love and thanks to all the readers, all the amazing booksellers and Joyce, Elizabeth, Ibrahim and Ron, ”said author and co-host of Pointless.

“It’s wonderful to see how many people have fallen in love with Richard’s fabulous Thursday Murder Club and just can’t wait to read the next episode,” said its editor Joanna Prior, Managing Director of Penguin General. “The response to these characters and the crimes they solve from readers around the world has been overwhelming and it has been a joy to work with retailers to make Release Week such an important time for everyone at. to share.”

The Man Who Died Twice opens as the four members of the Thursday Murder Club examine “the cold case of a Hastings newsagent who murdered an intruder with a crossbow”. Elizabeth, however, is distracted: she has received a letter from an old acquaintance who needs her help, and she and her friends soon find out that the bodies are piling up. Examining it in the Guardian, Lynne Truss found that “a sense of danger is totally absent,” but added that “if you’re happy to let other pens dwell on guilt and misery, you can relax and enjoy this novel, which is superbly entertaining. ”.

Philip Stone of Nielsen Book Research said Osman was a “publishing phenomenon.” “In recent memory we have seen blockbuster titles inspiring long-term trends within detective fiction – Stieg Larsson’s success has given Nordic noir, Gone Girl and The Girl on the Train a boost. the psychological thriller market, ”Stone said. “It will be interesting to see if Osman’s success leads to a glut of comfortable criminal caper posts.”

At Waterstones, Rooney’s Beautiful World continued to top the charts, closely followed by The Man Who Died Twice. But buyer Bea Carvalho predicted that Osman’s second novel would soon overtake Rooney. “It’s pretty good to already have two fall mega bestsellers that have already arrived and are exceeding expectations – it’s a good start to fall,” she said.

For Carvalho, Osman’s appeal lies in his novels “marching so brilliantly this balance between intelligent and accessible”.

“It has such a strong appeal to true fans of the genre, but also to people who usually only buy one book a year,” she said. “Obviously his profile really helps hook these new readers, but the fact that it was so good, and such a smart and crisp storytelling in its own right, means that it actually became a bit of a buzzword. of mouth. It could easily have been a celebrity book that did what it did the first week, but the quality speaks for itself and it went on and was absolutely huge.

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Writer market

Strong Jobs Report Sends Most Stocks, Bond Yields Higher | News from USA®


Treasury yields rise on Friday and stock indexes hold close to their all-time highs on Wall Street after a report showed the US labor market is improving broadly.

The S&P 500 rose 0.2%, a day after hitting a new all-time high. The Dow Jones Industrial Average was up 152 points, or 0.4%, at 35,218 at 2:22 p.m. EST, and the Nasdaq composite was down 0.5%.

Every major clue is on track for a weekly gain after slipping last week.

One of the most marked actions has occurred in the bond market, where Treasury yields tend to move with expectations for the economy and inflation. The 10-year Treasury yield climbed to 1.29% from 1.21% Thursday night, recouping all the losses it suffered over the past week.

Political cartoons

Yields surged as economists said Friday’s encouraging jobs report would give the Federal Reserve another boost to cut back on its bond buying program, which tries to boost the economy by maintaining low long-term rates. Economists believe that an announcement by the Fed on a possible slowdown in purchases could come as soon as the end of the month.

Friday’s jobs report showed hiring was stronger than economists had expected, with employers adding 943,000 workers to their payrolls. Average wages also jumped 4% in July from a year earlier, more than economists had expected.

Most stocks on Wall Street rose on the report, with companies with earnings most closely tied to a strong economy leading the way. S&P 500 financials rose 2.1% and materials companies rose 1.4%.

“Now the growth appears to be on pretty solid ground,” said Sameer Samana, senior global markets strategist at the Wells Fargo Investment Institute.

The strong jobs report and expectations of a labor market recovery could prompt investors to look to companies that are ready to take advantage of higher exits and spending, including airlines, retailers, restaurants and other businesses providing in-person services, Samana said.

Better-than-expected economic data has gained momentum in tech stocks, which have been among Wall Street’s biggest winners since the pandemic.

They were the big beneficiaries of the ultra-low interest rates that the Federal Reserve introduced. When bonds earn little interest, investors are willing to pay higher prices for other types of investments, especially stocks of companies that are expected to grow earnings in the distant future.

A rise in interest rates could undermine these stocks, or at least add a headwind that has been largely absent for over a year. A slowdown in bond purchases by the Fed would be the first step towards raising short-term interest rates from their all-time low of near zero.

This is why the Nasdaq struggled more than the other indices on Friday. This is also why the benchmark S&P 500 was only making apathetic movements, even though three out of five stocks within the index were up.

Apple, Microsoft, Nvidia and other tech stocks account for 28% of the S&P 500 in market value, more than double the weight of any of the 10 other sectors that make up the index. That doesn’t even include some big tech-focused companies like Amazon and Tesla.

These five companies were the biggest weightings in the S&P 500.

The S&P 500’s biggest gain came from Corteva, an agricultural company spin-off from DowDuPont. It jumped 8.1% after reporting higher revenues and profits for the last quarter than Wall Street expected.

This has been the norm for this earnings season. Almost 90% of S&P 500 companies told investors how much they earned in the spring, and their profits were about double what they were a year ago.

AP Business Writer Joe McDonald contributed.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Writer market

Who wins the stock market standoff?

July 23, 2021

6 minutes to read

This story originally appeared on StockNews

Last week we saw some signs that the market may be ready to go down. Between last Wednesday and Monday’s low, the S&P 500 (SPY) was down 3.5%. Over the past two days, we’ve bounced back and made up for most of those losses. As noted in the previous comments, there is a tussle between the various bullish and bearish forces in the market. On the bearish side, we have a market with weak breadth, concerns about the Delta variant and signs that growth may have peaked. On the bullish side, we have low rates, an expanding economy and expectations of more earnings growth over the next 12 months. So far, this earnings season is also shaping up to be pretty strong, although some companies have published lower-than-expected outlook. In this week’s commentary, we’ll provide an overview of earnings and update our market outlook. Read below to find out more….

(Please enjoy this updated version of my weekly POWR Growth newsletter commentary).

Let’s start by looking at an hourly chart of the S&P 500 over the past month. Clearly, the market rebounded strongly from Monday’s lows and recouped about 2/3 of its losses.

During our webinar and previous comments, we discussed how this could come in the form of a patch or another garden variety dip.

Corrections tend to last for weeks, shifting sentiment from bullish to bearish and resulting in pullbacks of 7-15%. On average, we get about one a year. Troughs are quick withdrawals that are furiously bought.

Despite my belief that conditions were ripe for a correction, this price action is inconsistent with this assumption. In view of this development, I believe it is appropriate to gradually increase our risk exposure in our portfolio.

I’m particularly interested in tech opportunities, as the industry has been largely stable over the past six to nine months, as many names have shown impressive earnings growth during that time.

Winning season

We have often talked about the two main drivers of stock prices – earnings and interest rates.

In normal times, these compensate for each other. If profits rise rapidly, the Fed is likely to have a hawkish bias. Conversely, if companies are making less profit, the Fed is likely to ease the pain by cutting rates assuming they are not constrained by high inflation.

We are in a unique moment because they do not compensate for the moment. In fact, the interest rate picture has turned more bullish due to falling long-term yields, Powell’s conciliatory pullback during his congressional testimony, and the market’s belief that peak inflation is. transient.

Based on the few companies that have made statements and analyst expectations for this quarter, earnings growth will continue at an impressive rate.

Analysts expect second quarter profits to be 61.9% higher than last year. Of course, last year’s profits have been affected by the pandemic. Compared to Q2 2019 EPS for Q2 2021 for the S&P 500, it is expected to be 41% higher.

So far, around 20% of S&P 500 companies have reported. Among this group, 37 companies issued negative EPS forecasts, while 66 issued positive EPS forecasts. If this ratio holds, it would be the highest percentage of companies with positive EPS revisions since 2003.

A concern for many investors has been the S&P 500’s high price-to-earnings (P / E) ratio of 35.1, which is the highest level since the dot-com bubble. The bullish argument would be that this high P / E is justified given the pace of earnings growth. Granted, the market’s futures P / E is much more reasonable at 22.1, which is above its long-term average of 18.5 but not as blatant as the trailing P / E.

Here are some more specific topics that I am following this results season:

  • Impact of higher inflation: So far companies have complained about higher inflation, but there has been no impact in terms of margins or outlook. If the margins start to squeeze because of inflation, that would certainly be a negative development.
  • Buyout Announcements: Earlier we talked about the number of tech stocks that have continued to grow earnings even with their stock prices stable.

The combination of lower long-term returns and a cheaper valuation can lead to increased redemptions.

  • Energy / materials equities: On the one hand, these sectors recorded impressive performances. However, this was in line with the appreciation of the underlying commodity.

This means that there was no multiple extension. For example, VALE’s forward P / E is 5.2. One possibility is that the market thinks that the rise in iron ore prices is transient. So far, producers have behaved as if there was no significant increase in capital expenditure.

Lower CAPEX is part of my bullish thesis for the sector. So, until CAPEX goes up, I’m looking for energy and material stocks to use their profits to buy back stocks, as this could act as a catalyst and make them more attractive to investors.


Writing helps me clarify and organize my thoughts. Sometimes I come up with new achievements. Either I gain or lose conviction in an idea.

The strong market rebound and relentless price action lead me to conclude that the underlying bullish forces are crushing the bearish factors discussed in the past.

The earnings season is historically strong. The interest rate situation improved for equities with the fall in long rates and inflation expectations.

The next question is whether it will be a thinner lead like the one we’ve had in recent weeks or a wider rally like we’ve had for much of 2020 and beyond. early this year.

Growth stocks have underperformed since mid-February. However, that is changing as I have noticed that many growth stocks have actually hit higher lows than other stocks and sectors. This change in behavior makes me eager to add some high quality growth names.

SPY shares rose $ 1.85 (+ 0.42%) in pre-trade on Friday. Year-to-date, SPY has gained 17.77%, compared to a% increase in the benchmark S&P 500 over the same period.

About the Author: Jaimini Desai

Jaimini Desai has been a financial writer and journalist for almost a decade. Its aim is to help readers identify risks and opportunities in the markets. He is the Chief Growth Strategist for and the publisher of the POWR Growth newsletter. Learn more about Jaimini’s background, as well as links to his most recent articles.


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Here is the biggest predictor of the success of a PSPC

When it comes to investing in specialized acquisition companies, or SAVS, there are plenty of choices. So how do you separate the long term winners from the rest of the pack? In this fool live Video clip, recorded July 12, contributor Matt Frankel, CFP, and Focus on industry Host Jason Moser talks about the one factor that turns out to be the best predictor of PSPC’s long-term returns.

Jason Moser: Matt, we talk a bit about PSPCs on this show, we even aired a four part series on PSPCs earlier this year. I had a lot of fun putting together these shows. You and I were talking about an article we just read here on CNBC regarding PSPCs. There was some interesting data from Wolfe Research in this article, it was talking about the performance of PSPCs. I think it’s basically about a year here. But these data from Wolfe Research indicate that, on average, the SAVS with experienced sponsors register higher returns since by the sponsors, it is the blank check company that introduces the real company into its universe, to make it. public. We want to talk about this for a minute, just from the larger SPAC perspective and what do you think of this data, what do you think it says? Then also talk a little more. There is one specific SPAC that has been in the headlines here in recent days, Galactic Virgo (NYSE: SPCE), for obvious reasons, a successful flight in space. But let’s go ahead and start with the broader implications here. Because it doesn’t sound that surprising, but at the same time, it feels like it’s still a very short timeline to be judged on.

Matt Frankel: It does and I think what they are trying to argue is that the market has been inundated with SAVS. I have some statistics here. In 2018, 46 PSPCs went public, in 2019 there were 59, in 2020 there were 248.

Moser: The sacred cow.

Frankel: Already in 2021, they were 367.

Moser: Wow.

Frankel: The market was inundated with them. In the old days, when you were a sponsor of SASP, it was because you knew something about the business or industry that you were trying to pursue. Now it’s like everyone with any credibility is starting a PSPC, Shaquille O’Neal has their own PSPC.

Moser: I was going to say you don’t even feel like you really need that credibility. All you need is a name.

Frankel: Unless he was trying to go public with the Los Angeles Lakers. I really don’t know how his experience would come into play.

Moser: Or Papa Jean‘s (NASDAQ: PZZA) maybe i could see at least one pizza place because he’s on the board of papa john’s i still think-

Frankel: He owns a lot of Five Guys.

Moser: It’s rather good.

Frankel: But I love Shaq, so nothing against Shaq.

Moser: Yes. Me too.

Frankel: But the point is, and it’s really one of the things that I’m looking for, everyone always says, how do you choose all of these PSPCs? There are 400, how do you decide which three to put in your wallet? This is one of the things that I watch. Remember Latch (NASDAQ: LTCH) we had at the show, they will make it public through an innovation acquisition from TSI sponsored by Tishman Speyer, one of the nation’s largest commercial real estate companies. He is clearly a sponsor who knows a lot about this industry, he is a good partner. In PSPCs, the partnership aspect is really undervalued. The celebrity aspect is getting too much attention and the partnership aspect is getting too little. Think of The Motley Fool’s investment strategy, how we want partner companies. We want companies where the CEO is a partner of their shareholders. When I was hired here, they told me that we would rather have a good partner than a great writer. It’s such a valuable part of business in general, and it’s become undervalued throughout the PSPC craze just because of all the big names throwing their names away and not even like sharks like Bill Ackman and Chamath [Palihapitiya].

Moser: Yes.

Frankel: Chamath worked at Facebook (NASDAQ: FB), has he ever started a space travel business? No, this one is well done. But this is the exception, not the rule according to this research.

Moser: Yes.

Frankel: There are a lot of successful SPACs that have partnered with people who know this industry very well. I mentioned Latch as a great example, 23 and me (NASDAQ: ME) you can safely say that Richard Branson has a lot of experience with consumer branding and things like that. I don’t think he did any genetic research himself, but that’s not really the issue, he’s a consumer products business at this point.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.

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Why Newegg Commerce is down while the market is up

What happened

Actions of Newegg trade (NASDAQ: NEGG) had fallen more than 16% as of noon Monday, continuing the decline from highs reached by the online consumer tech retailer last week as options trading became available during the recent IPO, but were in insufficient number.

So what

Newegg is a leading online destination for computer components, consumer electronics, peripherals and products for the smart home and games. The company has just been floated on the stock exchange through a reverse merger with a special purpose acquisition company, or SPAC. He seemed to be collecting the status of the memes stock almost immediately, and it shot up over 1000% very quickly.

Image source: Getty Images.

Yet there was no fundamental basis for the rise of his actions, and they are to be expected to return to earth fairly quickly. Even so, the stock is still up 167% from where it started last week, but investors shouldn’t be surprised to see it fall further.

Now what

Newegg has a solid history and a solid reputation in the retail business, so this is not a fly-by-night penny stock. The long-term growth story is probably just as strong, but not at all costs, and investors should wait until Newegg stock returns to more reasonable and rational levels before considering buying. the online retailer.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Questioning an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.

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Reading and writing

STAAR scores for Pearland, Alvin’s ISDs rank above state average, lagging behind 2019

The results of the Texas State School Readiness Assessments for the spring of 2021 showed that students at Pearland and Alvin ISD performed fair or above the state average at all levels. (Community impact newspaper staff)

Pearland ISD and Alvin ISD students have remained at or above the state average in all subjects and grade levels, according to the results of the Texas State Academic Readiness Assessments in the spring of 2021, but the overall scores followed the 2019 declining trend seen across the state.

The Texas Education Agency disclosed the results of the spring 2021 STAAR tests on June 28.

“The data can be daunting, but with it our teachers and principals are developing action plans to support students in the new school year,” TEA Commissioner Mike Morath said in a statement. Press release.

Following the state trend, the percentage of students who met the criteria for near grade level decreased in both PISD and AISD compared to their 2019 data.

Although most scores fell from 2019, PISD saw its math scores skyrocket above the state average: Grades 3-7 in the district were all higher. 80% when it comes to students reaching the school level close to or above the category. Even eighth-grade math scores, which were the only ones not exceeding 80% in the district, were still six percentage points above the state average of 66%. However, the district’s eighth-grade math scores fell from where they were in the district in 2019, which was 94%.

“Compared to the decline of the state, Pearland is shining,” said Nyla Watson, director of studies at PISD. “We have areas where strong interventions will be needed; overall, we saw minimal declines. Our distance students are not significantly inferior to our face-to-face students. We certainly have work to do to be successful in the long term, but we look forward to students being on campus and starting interventions on a one-to-one basis.

Writing scores in grade seven, however, improved in PISD, from 82% in 2019 to 84% in 2021.

AISD saw scores drop significantly in math exams at all grade levels compared to 2019 scores. The biggest drop came in fourth grade math scores which fell from 79% of students. approaching the grade level in 2019 to 65% in 2021, but they were still above the state average for fourth-grade math, which was 58%.

Reading scores were a strong point for AISD compared to the state average: All grade levels except grade six had reading test scores above 71%.

“Credit goes to the dedication of our staff who have continued to provide engaging teaching both face-to-face and virtually,” said Carol Nelson, Superintendent of AISD. “We demanded that any student who failed to resume face-to-face teaching. Some of our schools have recovered more than 90% of their students.

Similar to PISD, AISD has also seen an increase in writing scores in grade seven, from 65% of students approaching grade level in 2019 to 68% in 2021.

Scores in 2019 and 2021 for reading in sixth and seventh grades remained exactly the same in AISD, with 69% of students approaching grade level for reading in sixth grade in 2019 and 2021. Reading test results in seventh grade were also 74% in both years.

“Armed with the best information, working closely and with important new backers from the Texas legislature, we will provide students with stronger academic growth than ever before,” Morath said in the press release.

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Reading and writing

How to use memory systems to deepen learning

The role of working memory

Working memory is an area where thoughts are temporarily held while you are using them. Oakley visualizes him as an octopus sitting in your prefrontal cortex, juggling a game of balls. Working memory can hold about four “balls” at a time before they start to fall. That’s why we can remember a couple of items that we need to pick up from the store, but if the list is much longer than that, we’ll have to write it down.

This is also why many students find it difficult to follow multi-step instructions. It’s not a lack of focus. Their working memory just does not have the capacity to “keep in mind” something like a five-step process – unless they have practiced those steps so many times that it has become a routine that they do. does not require active thinking. This is why qualified teachers spend so much time at the start of the year establishing classroom procedures and thinking routines. These practiced routines can free up working memory space for students to learn new materials.

Race car students often have “a very large working memory” which is more efficient at keeping material and moving it to long-term storage, Oakley explains. Student hikers may need more repetition and practice to keep the same material.

“I’ve been through the hiker experience,” says Oakley, a decorated engineering professor who tells her students about her struggles to learn math and science. “I don’t have a very good working memory, so in college I had to take notes like a stenographer and then stay up late to try to understand. And I would come to understand it so deeply that all the racing car learners would come and ask me “can you explain this?” It took me a long time to get something, but when I got it, oh, I got it on a very deep level.

Because many students don’t understand their working memory, they study inefficiently, she says. They reread their notes or look at a list of vocabulary words and think “I got it”. And they have it in their brains – while they have their notes in front of them. But working memory is short term. Student backpackers, in particular, need concrete strategies for moving material into long-term storage.

And that’s where the next two memory systems come in. As Oakley puts it, “Our brains learn through two main pathways: the declarative and the procedural. And if you throw one in, it’s like saying, ‘Okay, I want you to be a faster sprinter. Now jump on one leg.

Understand declarative and procedural memory systems

Declarative memory refers to facts and information that we can consciously recall “or state” – that we can remove from long-term storage when necessary to solve a problem, accomplish a task, or initiate a discussion. On the other hand, procedural memory implies knowing how to do something “by heart”. For example, once we master typing, lacing a shoe, preparing a favorite recipe, or commuting to work, it takes no more conscious thinking to engage in these activities. In fact, if powerful typists think about the placement of letters on the keyboard, it will slow down their typing.

Oakley notes that the declarative system is the “quick way to learn” and often the first way older students and adults acquire information. The procedural system comes more slowly and is engaged by practice, practice and practice again.

The two systems work hand in hand to achieve expertise. For example, declarative memory can help a pianist learn an unfamiliar piece of music by relying on his knowledge of notes, chords, tempo, and dynamics. But once they have practiced a song so much that they can play it without looking at the music, the song resides in procedural memory.

Young children learn largely through the procedural system, explains Oakley, which is why approaches such as Montessori proved so effective in the early years. Adult brains assimilate much of their new learning through the declarative system. The best kindergarten to grade 12 teachers rely on both systems to support student learning.

Putting it all together to support student learning

“I really advocate a balanced approach,” says Oakley. Whether a teacher leans more towards formal instruction or practical group activities, the key to success is “active learning” which activates both declarative and procedural learning pathways. Even small changes in instruction can make a big difference for students as they “learn to learn”.

Active learning is when “the student himself is grappling with the material,” says Oakley. “It really builds our procedural connections in long-term memory. While you can actively learn while watching the teacher, you can’t do it for very long.

Simple strategies for incorporating more active learning into a classroom period include:

  • Offer brain breaks: Pauses are crucial for the formation of long-term memory. When students mentally relax, even for a minute or two, it gives their brains time to consolidate new learning. Think of it as interval training for the brain, says Oakley.
  • Use the point recall technique: Take a break from teaching and help students see if they have moved material from work to long-term memory. Take a minute and have them write down important ideas from the class, a sketch to visually represent their learning, or key ideas from previous classes that relate to the topic under study. This recovery practice is especially important for students with working memory problems.
  • Teach students how to engage in active recall: Do you remember the student who looks at the vocabulary list and thinks they have memorized it? Teach students to regularly put away their notes or close their books and see what they remember. Have them teach a classmate a science technique, tell a pet story of photosynthesis, or create a study guide without looking at their notes, then go back to fill in the gaps. .
  • Get involved in Think-Pair-Share: Activities such as think-pair-share require students to engage individually, with a partner, and then with the class. This is because they interact with information three times in a row, helping to strengthen their neural pathways.
  • Practice interlacing: Interlacing involves mixing up practical problems instead of working on almost identical activities over and over again. This relies on active recall practice and cognitive flexibility, as students must consciously decide what information or procedure to apply to a given problem. And practice builds procedural memory.

Celebrate “desirable hardships”

Learning something new is often a struggle as the brain is still developing pathways to store concepts. This is why students are more likely to drop out in the early stages of a new business. But what if we encouraged them to make things a little harder – on purpose! – as a way to start their own learning?

“The best way to progress quickly is to make your life difficult,” says Oakley, building on the concept of “Desirable difficulties“Invented by cognitive psychologist Robert Bjork. “Don’t just read a book or read a section of a book, see if you can pick up those key ideas from what you’ve just read. It’s harder.

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Fed predicts earlier timeline for rate hikes with rising inflation

Washington – The Federal Reserve signaled on Wednesday that it could act sooner than expected to start slowing down low interest rate policies that helped fuel a rapid rebound from the pandemic recession but which also coincided with a rise in l ‘inflation.

Fed policymakers predict that they will twice increase their short-term benchmark rate – which affects many consumer and business loans, including mortgages and credit cards – by the end of this year. 2023. They had previously estimated that no rate hike would take place before 2024.

Speaking at a press conference, President Jerome Powell said the Fed’s policy-making committee has also started discussing when to cut back on its monthly bond purchases. But Powell made it clear that the Fed has yet to decide when it will. The purchases, which consist of $ 120 billion in Treasury bonds and mortgages, are aimed at keeping long-term rates low to encourage borrowing.

The Fed has made it clear that its first step in slowing its support for the economy would be to reduce its bond purchases – and that it would not start raising rates until soon after. Its key rate has been close to zero since March 2020.

The central bank‘s new forecast for rate hikes from 2023 reflects an economy growing faster than expected earlier this year.

At the same time, Powell sought Wednesday to allay any concerns that the Fed may be in a hurry to withdraw economic support by making borrowing more expensive. The economy, he said, still hasn’t improved enough to curb the pace of monthly bond purchases, which the Fed said it intends to continue until “further progress substantial “has been achieved towards its employment and inflation targets.

“We’re a long way from further substantial progress, we think,” Powell said at his press conference. “But we are making progress.

Shortly after the Fed released its statement on Wednesday, US stocks fell further from their record highs and bond yields rose. The yield on the 10-year Treasury bill fell from 1.48% to 1.55%.

Sung Won Sohn, an economist at Loyola Marymount University in Los Angeles, suggested that the initially negative market reaction to the Fed’s statement may have prompted Powell to adopt a more conciliatory tone at his press conference. (“The doves,” in the Fed’s parlance, generally focus on the Fed’s mandate to maximize employment and worry less about inflation. The “hawks,” on the other hand, tend to be concerned. more of the need to avoid high inflation.)

“We received two different messages from the Fed today,” Sohn said. “The interest rate projections were a little more hawkish than the market expected.”

But during his press conference, said Sohn, Powell “stressed that the economy is still not where it should be, especially in terms of unemployment…. and the Fed still thinks the economy needs a boost from the central bank.

Yet Powell also sketched a broadly optimistic picture in his remarks on Wednesday. The inflation spikes of the past two months, he said, will likely prove temporary, and hiring is expected to accelerate throughout the summer and fall as COVID-19 recedes further with the increase in vaccinations. This will allow schools and daycares to reopen, allowing more parents to work, while additional federal assistance for the unemployed ends.

“There are all reasons,” said Powell, “to think that we will (soon) be in a labor market with very attractive numbers, low unemployment, high participation and rising wages at all. levels”.

His comments suggest that the Fed chairman is not worried that this spring’s hires, while strong, are below expectations. Powell had said in early spring that he would like to see a “string” of hiring reports showing about 1 million additional jobs each month. The labor market has yet to reach that total in a month of this year, although employers have posted a record number of open jobs.

At the same time, inflation has risen much faster than Fed policymakers expected in March. Inflation jumped to 5% in May from the previous year – the biggest 12-month increase since 2008.

The increase was in part due to a huge increase in used car prices, which have skyrocketed as semiconductor shortages have slowed vehicle production. Significantly higher prices for car rentals, plane tickets and hotel rooms were also major factors, reflecting pent-up demand as consumers move away from the large purchases of goods that many of them had made. while they had stayed at home to spend on services.

Powell has stuck to his long-held view that these spikes will only have a temporary impact.

“The prices that drive higher inflation come from categories that are directly affected by the recovery from the pandemic and the reopening of the economy,” he said. “Prices that have been rising very quickly due to shortages and bottlenecks etc. should stop rising. And at some point, they should in some cases go down. “

The central bank on Wednesday raised its inflation forecast to 3.4% by the end of this year, from 2.4% in its previous projection in March. Still, officials predict that price increases will remain moderate over the next two years.

Fed officials also expect the economy to grow by 7% this year, which would be the fastest expansion of the calendar year since 1984. They expect growth to slow down thereafter. , to 3.3% in 2022 and 2.4% in 2023.

Economists generally expect the Fed to continue discussing reducing its bond purchases, and then – by the end of August or September – to state precisely how and when it would start. This would pave the way for a reduction in bond purchases that would actually start towards the end of this year or early 2022.

Another key consideration for the Fed is whether inflation persists long enough to affect public behavior. If Americans start to expect price increases, those expectations can trigger a self-fulfilling cycle as workers demand higher wages, which, in turn, can cause their employers to keep raising prices. to offset their higher labor costs.

Powell said measures of long-term inflation expectations have increased in recent months, after falling at the start of the pandemic. But most of them remain within a range consistent with the Fed’s 2% inflation target.

“It’s gratifying to see them come out of their pandemic lows,” he said.


AP Economics writer Martin Crutsinger contributed to this report.

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JLL Capital Markets arranges $ 9 million loan for Camber Real Estate Partners

JLL Capital Markets has arranged a $ 9 million financing for a 77,875 square foot fully leased industrial facility located at 100 Industrial Rd. In the community of Berkeley Heights, northern New Jersey.

JLL worked exclusively for the Borrower, a joint venture between Camber Real Estate Partners and an institutional investor, to place the five-year fixed rate loan with First Bank.

The borrower acquired the vacant property in an off-market transaction earlier this year and is doing extensive renovations to divide the building into two well-appointed units which are both long-term leased. Located on 4.58 acres in the industrial submarket of Route 78/22, Berkeley Heights is a wealthy suburban New York City dormitory community located in Union County. The building is in a small industrial district that has access to northern New Jersey transportation infrastructure, including highways 78 and 287 and US Highway 22.

The JLL Capital Markets Debt Placement team representing the borrower was led by Senior Managing Director Greg Nalbandian and Vice President Michael Lachs.

“Cambre has created significant value by pre-letting the entire building at very attractive rents,” said Nalbandian. “These attributes combined with top notch sponsorship made this a very attractive fundraising opportunity. First Bank did a tremendous job securing this loan, and we were honored to represent Camber on another successful project. “

JLL Capital Markets is a global full service provider of capital solutions for real estate investors and occupiers. The company’s in-depth knowledge of the local market and global investors provides the best solutions for clients, whether it is investment advice, debt placement, equity placement or recapitalization. The company has more than 3,700 capital markets specialists around the world with offices in nearly 50 countries.

To access more business news, visit NJB News Now.

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7 people on what Biden’s student debt cancellation would mean to them

Three days after the call for the 2020 presidential race for Joe Biden, Democrats are already discussing the possibility of canceling or reducing student loan debt. Senatorial Minority Leader Chuck Schumer reiterated his support for a proposal to write off up to $ 50,000 in student debt in a recent interview, urging Biden to make the issue a priority in his first 100 days as as president.

Biden pledged to write off $ 10,000 in student debt as part of a coronavirus relief effort during his campaign, and has advocated for debt cancellation for public college or college students and historically black universities that earn up to $ 125,000. This decisive action seems justified, given that our national student loan debt currently stands at over $ 1.5 trillion (for context, that’s almost 20 times what the United States spends. each year for primary and secondary education).

As the student debt crisis continues to hamper future plans and the daily lives of millions of Americans, Vogue spoke to seven young people about how different levels of student debt relief would have a big impact on their lives, and what those lives could look like without the looming threat of bad loans hanging over them.

Alicia, 23: At this point, I will pay off my student loan debt until about age 45, but I accepted it. Everyone is in student loan debt and the whole process is predatory, so why should I feel bad about paying the minimum? I just don’t see the point in scrambling to pay. At this rate, I’ll never be able to buy a house anyway, so what’s the point of having good credit? If I had no loans to repay, I would travel, “stimulate the economy” and live in a nicer apartment. [laughs].

Cassie, 27: Any debt relief that would be meaningful to me would have to start at $ 30,000 and include private debt, with the highest interest rate, and without any income-based repayment options. Programs that only target federal debt leave too many people out and ignore that what is often so overwhelming about student debt is interest rates combined with monthly payment amounts. Private loan companies will never help you without recording interest. A major reduction or elimination of my private student loans (and my federal loans as well, if that was ever on the table) would mean life relief from paycheck to paycheck. That, in turn, would put all kinds of things on the table for my partner and I like having a kid, pursuing long term creative and professional goals, not panicking every time the car needs a little bit. work, and, most importantly, being able to share more wealth and resources in our communities.

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SMEs urged to secure their assets and loans before “the explosion of insolvency” – Strategy

Small businesses have been urged to guarantee assets and business loans ahead of an expected increase in insolvencies this year.

Australia’s Small Business and Family Business Ombudsman (ASBFEO), Kate Carnell, said small businesses must secure their assets through the government’s Securities Registry (PPSR) in the event of insolvency.

Operating under the authority of the Australian Financial Security Authority, the PPSR is the official government registry for collateral in personal property or loans secured by personal property. The agency functions as an online bulletin board where properties such as cars, company assets, boats, used goods and intellectual property can be secured.

“With the past 12 incredibly difficult months we have had and forecasts of a wave of insolvencies to come, PPSR has never been more important,” said Carnell.

“The biggest pity is that many small businesses find it too difficult to use.”

Citing a recent research paper on PPSR, Carnell said the registry “is a powerful tool that can provide significant benefits” to small businesses if used correctly.

“Many small businesses don’t know that registering their interests properly can save them a world of long-term suffering,” she said.

“So many small businesses have invested heavily in their business over the past 12 months, but few know they can secure these loans, pushing them further up the chain of security in the event of an insolvency.

“Most importantly, small businesses registering their interests won’t need to fight tooth and nail to retain ownership of their products if a commercial customer is found. “

The research paper also called for the PPSR system to also be revised to make it more accessible to small businesses.

“Unfortunately, the PPSR in its current form does not make life easier for small businesses,” added Carnell. “The name is confusing, the language is too technical and the operation of the registry is very complicated.

Carnell said small businesses had to hire a lawyer to help them register their interests, which came at an additional cost for those struggling.

“Our report recommends streamlining the system, including encouraging small business cloud accounting platforms to provide regtech solutions such as pop-up reminders to small business owners who record a personal loan on balance sheet, alerting them to record it on the PPSR, ”she said. noted.

“I urge the government to implement the recommendations of our report, to build a system that works for the small business community and gives them the certainty they need. “

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Income Based Repayment Plans Can Help After Student Loan Forbearance

  • Federal student loan payments have been suspended and interest rates set at 0% since March. But, except new legislation, payments and interest will resume after December 31, 2020.
  • If you don’t know how you’ll pay off your loans in January, an income-based repayment plan could help you limit your student loan fees to a percentage of your income and remove balances after 20 or 25 years.
  • To apply, you will need to decide which income-based repayment plan is right for you and submit an application through the Office of Federal Student Aid website.
  • It is also worth noting the disadvantages. Financial planners say these plans can increase balances due to interest and pay you a hefty income tax payment on any canceled balance in the future.
  • Sign up for the Personal Finance Insider email newsletter here »

Federal student loans have been on the minds of many borrowers since March, when payments were suspended and interest rates were set at 0% by the CARES Act. But, these provisions will expire soon as the New Year approaches.

While student loan repayments are expected to resume, the pandemic – and its economic effects – are far from over. Data from the Bureau of Labor Statistics estimates that the unemployment rate this month is 6.9%. If you’ve lost income and are worried about how you’ll make your payments, an income-based repayment plan might be right for you.

An income-based repayment plan could reduce or eliminate your payment

The Income-Based Repayment Plan program is available to federal student loan borrowers whose payments are high relative to their income. While there are several types of income-based repayment plans, they all work in two ways: reducing your payments to a percentage of your income, and eliminating any remaining debt after 20 or 25 years of payments.

“I have seen for some time that student loan balances are so high relative to salaries that nine times out of 10, [an income-driven repayment plan] is a given to most people, ”says Illumint financial planner Kevin Mahoney.

Most plans calculate payments as 10% to 20% of your monthly discretionary income, or the amount left over each month after bills and essentials. However, the payments could be as low as $ 0, depending on your family’s size and income. Income-based repayment is available until your loans are paid off and could provide lasting benefits.

Each plan has a different set of requirements and rules, and it’s a good idea to familiarize yourself with the requirements and eligibility of each plan before you apply. Once you know which plan is best for you, the application is available online through the Office of Federal Student Aid.

Income-based repayment plans have some drawbacks

An income-based repayment plan can help make loans more affordable for some, but not for everyone.

One of the most notable drawbacks of income-driven repayment plans is that they have a long-term cost. Canceled student loans are treated as income and will be reported and taxed as such in the year they are canceled. For some people with high student loan balances, it is important to consider how it will affect you in the future, as you will face what is often referred to as a “tax bomb”.

Financial planners note that income-oriented plans can also increase your total loan balance, as they are now extended to a 20- or 25-year loan. “If people have relatively high balances and decide to go for an income-driven plan, they probably aren’t paying enough on a monthly basis to meet all of the interest,” Mahoney explains. “During this long period of time, the balance may actually increase.”

This is not only in addition to the amount you will have to pay in contingent income tax after surrender, but it can also become part of the principal (the part of the loan that interest is calculated on) if you change plans to the day. ‘to come up.

And this growing balance might not make sense to you if you have a well-paying degree. Financial planner John Bovard of Incline Wealth Advisors in Cincinnati, Ohio, gives the example of a law school graduate he worked with.

“She just assumed it was going to be forgiven [with income-driven repayment]”he said.” Instead of having a 10-year student loan, she now has a 25-year student loan. She was actually paying thousands of dollars in interest more than if she had just kept her original 10-year loan, ”he says.

Although they have drawbacks, they can be useful for those with lower incomes and relatively high student loan repayments. Especially in times of uncertainty and widespread unemployment, an income-focused plan can help you regain control of your monthly budget.

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How to bet on the Super Bowl

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Super Bowl LV was perhaps the biggest event in American sports history in one category: legal sports betting.

This year, no less than 23 million Americans have bet on the Kansas City Chiefs or the Tampa Bay Buccaneers, according to the American Gaming Association. Bets on underdogs and eventual Buccaneers winners or defending champions, Chiefs – and many other aspects of the game – have exceeded the staggering sum of $ 4 billion.

But being able to legally bet on sports is a relatively new development in most of the United States, where sports betting was only legal in Nevada until 2018.

It was then that the United States Supreme Court declared unconstitutional a federal law – the Professional and Amateur Sports Protection Act, or PASPA, of 1992 – that restricted regulated sports betting in Nevada. It’s now legal in 20 states, and many more are pushing to legalize it.

The growth of legal sports betting has been “extraordinary” since then, a ESPN story mentionned.

“In 2019, over $ 13 billion was legally wagered,” said Casey Clark, senior vice president of strategic communications at the American Gaming Association. “When all the numbers are counted for 2020, that number will exceed $ 21 billion. ”

The sports betting capital of the United States is no longer Nevada: This is New Jersey where people have placed $ 6 billion in bets last year compared to $ 4.3 billion in Nevada, according to sports betting expert Darren Rovell.

With people confined to homes due to the pandemic, 80% of games nationwide are played on mobile devices, Clark says.

“Almost all Americans will have a casino in their back pocket at all times,” says Marc Edelman, a sports law expert who teaches at the Zicklin School of Business at Baruch College, New York. It’s reasonable to expect a majority of states to legalize online sports betting within the next five years, Edelman says.

Pro tip

If you want to bet on big game, experts recommend that you only bet what you are looking to lose and treat it as entertainment only.

With the increasing ease of legally betting on sports, you might be asking yourself: should I participate?

There are people who chose their bets correctly and made millions, Edelman says, but they are rare. “For most people, betting is meant to be an entertainment activity rather than an investment,” he says.

In fact, if you think you have what it takes because you’re a huge sports fan, you might want to think twice: Sports betting is a game for number geeks. According to Edelman, those who have traditionally been most successful are those with strong mathematical skills and who can envision complex analyzes.

For these enthusiasts, there are two main players in the sports betting industry, websites FanDuel and DraftKings. They dominate the market in states that have what is called “full online sports betting with multiple options” – Colorado, Iowa, Illinois, Indiana, Michigan, New Jersey, Pennsylvania, Tennessee, Virginia and West Virginia, according to the sports betting information and analysis site Action Network.

In most states today, sports betting is still illegal. The others fall into three groups. In one, as in New York, sports betting is legalized in a small number of physical casinos. In another group, such as Tennessee, online sports betting is allowed, although sports betting in casinos is not. In the fourth group, like New Jersey and Pennsylvania, sports betting in casinos and online is legalized and regulated.

Wherever you are, however, sports betting remains betting, with all its risks. You shouldn’t bet more than you can afford to lose.

Clark notes that his organization developed a PSA earlier this year, Have a game plan, for punters to educate themselves on how to bet responsibly. They can also use a interactive map for more information on the types of sports betting legal in their country.

For people who want to bet on sports, Edelman suggests wagering a small amount of money, and doing it only for entertainment: “Don’t put yourself in the kind of position. [where] losing will take a toll on your daily life, ”he says.

You should stick with a licensed bookmaker like Points bet, as well as FanDuel or DraftKings, advises Edelman. This will ensure that your potential winnings are paid to you and minimize the risk of identity fraud.

If you prefer to bet in person, “make sure you do it in a fun and social way with people you know and trust,” he says. (In addition to respecting social distancing and any COVID-19 guidelines from local authorities, of course.)

Super Bowl or not, sports betting can be a fun way to make some extra cash if it’s safe to do so, but we certainly don’t recommend participating as a short or long term financial strategy. If you are looking to grow the money in your bank account in a low risk way, you had better put it in a high yield savings account and, when the next Super Bowl rolls around, enjoy it like most Americans: focus on the commercials, not the bets you may have made.

If you or someone you love needs help with a gambling problem, the National Council on Problem Gambling offers a phone or text help line at 1-800-522-4700, as well as support. by chat to

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AIG Pension Services Study Finds High Awareness But Minimal Understanding of Civil Service Loan Forgiveness Program

HOUSTON – () – AIG Retirement Services, a leading provider of retirement plans for tax-exempt and public sector employers, today announced the results of a new study on how employees of organizations Nonprofit and public service are considering student loan debts, student loan forgiveness and the Public Service Loan Forgiveness Program (PSLF).

Millions of public sector and nonprofit workers, including teachers, healthcare workers and first responders, may be eligible for a student loan forgiveness through the PSLF, but confusion around the program appears to be undermining its efficiency. While 90% of public service employees with debt at the college level indicate that they are familiar with the program, 70% presents only a minimal understanding of its rules and requirements.

This gap is significant because more than one in six American adults has a federal student loan, according to the most recent figures from the New York Federal Reserve’s Center for Microeconomic Data released in 2018.1 The Federal Reserve estimates the total student debt to be $ 1.7 trillion,2 and $ 500 billion in new debt will be incurred over the next five years, according to a 2020 Congressional Budget Office report.3

“The Public Service Loan Forgiveness program is a powerful tool for Americans who have chosen to dedicate their careers to service and community,” said Rob Scheinerman, CEO of AIG Retirement Services. “It is encouraging to see a high level of awareness of this important program, but worrying to see such a high level of confusion around the rules and requirements. There is a great opportunity to fill this knowledge gap and help public service employees manage their student loan debt and improve their financial security.

Student Loan Debt The Main Cause Of Financial Stress; PSLF a financial lifeline for public sector employees

Student debt ranks as the number one cause of financial stress for public service employees who have taken out loans from their college years. Almost eight in ten (78%) characterize student debt as a major financial burden. In addition, two out of three (66%) point to student loans and the corresponding monthly payments as a financial worry, surpassing the second highest concern by a whopping 22 percentage points (credit card debt at 44%).

With these concerns as a backdrop, public service employees see the PSLF program as an essential lifeline to their financial well-being. More than one in three (34%) say that this will be the only way for them to pay off their debt within a reasonable time, and 64% say it will reduce financial stress.

Additionally, a significant number of public service employees would use money otherwise spent on monthly student loan payments for other important financial responsibilities – more than half (51%) say they would most likely use the funds to pay off other debts; 47% contribute to retirement savings and investments; and 43% would add to their emergency savings fund.

Despite support for the PSLF, obstacles to the program persist

The PSLF program is clearly supported, with 68% respondents indicating that they are likely or very likely to work to reach their qualifications. Three out of four (77%) expect to tell others about the program, and 84% find the program attractive with half of those who say it is very attractive.

But despite this enthusiasm, there are significant barriers to successful participation in the program. Survey respondents indicate that the main obstacle to canceling the loan through the PSLF is confusion about the program (34%). Other challenges are maintaining the qualification over time (34%) and the number of payments required (31%).

The PSLF program’s own reports show how these expected hurdles played out, as the vast majority of program applicants saw their efforts to request a loan forgiveness rejected. As of November 30, 2020, the Ministry of Education reports that less than 3% of those who requested PSLF program relief have been approved.4

Opportunity for Public Service Employers to Improve Employee Financial Security

Despite these obvious challenges, opportunities remain. Public service employers have an important opportunity to help their employees take control of their student loan debt. Only 12% of public sector employees with student debt receive information from their employer about the public service loan forgiveness program.

AIG Retirement Services, in collaboration with social impact technology company Savi, last year launched an online tool that public sector employers can provide to their employees to streamline the forgiveness process. The end-to-end digital solution helps determine qualification for student loan cancellation, calculate potential savings, navigate the enrollment process, and maintain program eligibility.

“We understand the long-term impact student debt can have on financial security and retirement, which is why we are proud to work with Savi to help employers empower their employees to take control. their student debt, ”Scheinerman continued. “The new program can chart a course for employees of nonprofits and the civil service towards loan cancellation, helping to improve their financial futures and creating more flexibility around other goals,” including savings for retirement. ”

Methodology of the study

The AIG Retirement Services survey was conducted by Dynata and conducted in October and November 2020, drawing responses from 664 public sector employees, ages 21 to 67, on federal student loans for which they make payments themselves. and working at least 30 hours per week. in government, health care, education and the nonprofit field.

To see more student loan forgiveness survey results and related analysis, visit

1 Microeconomic Data Center, Federal Reserve Bank of New York,

2 Consumer credit G.19. Federal Reserve.

3 Income-Based Student Loan Repayment Plans: Budget Costs and Policy Options. Congress Budget Office.

4 Federal Student Aid Portfolio Summary, Office of Federal Student Aid, US Department of Education,

About AIG Retirement Services

For more than half a century, AIG Retirement Services has been a leading provider of defined contribution pension plans for tax-exempt employers and the public sector, including healthcare, Kindergarten to 12th grade. year, higher education, government, religious organizations, charities and other non-profit organizations. AIG Retirement Services manages over $ 100 billion in total assets and manages thousands of plans serving approximately 1.8 million plan members. It includes the VALIC family of companies: The Variable Annuity Life Insurance Company and its subsidiaries, VALIC Financial Advisors, Inc. and VALIC Retirement Services Company. Additional information can be found at

About AIG

American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property and casualty insurance, life insurance, retirement solutions and other financial services to clients in approximately 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risk and keep their retirement secure. AIG’s common stock is listed on the New York Stock Exchange.

Additional information about AIG is available at | Youtube: | Twitter: @AIGinsurance | LinkedIn: These references along with additional information about AIG have been provided for convenience and the information contained on those websites is not incorporated by reference in this press release.

AIG is the trade name for the global P&C, life and pension and general insurance business of American International Group, Inc. For more information, please visit our website at All products and services are produced or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to the requirements of underwriting and the wording of the policy. Non-insurance products and services may be provided by independent third parties. Some damage coverage may be provided by a surplus line insurer. Surplus line insurers generally do not participate in state guarantee funds and policyholders are therefore not protected by these funds.

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Small Business Owners Worried About Economic Uncertainty

REGION – Small businesses are starting to feel the long-term anxieties of the COVID-19 pandemic.

Many are worried about the impacts of postponements, loan repayments and the lack of purchasing power of consumers to continue with their life’s work.

For Megan McIntyre, Brian Seghers and Gordy Haskett, long-term calculations don’t work because 90-day postponements by state and other municipalities and potential loans can crush small businesses once those non-essential stores are allowed to reopen. , but no one knows when that will happen.

McIntyre and Seghers have each had to shut down temporarily, while Haskett makes weekly bake sales for his bakery. All three rent their stores.

“It’s a little tough… I don’t suppose I open my doors and 100% of the business comes back,” McIntyre said. “I can predict it will be six months to try to catch up. “

Several weeks ago, McIntyre closed its four Carlsbad retail clothing stores in the village (Blue and shoes, Ragz Revolution, California’s coolest shoes and to bloom), and Under the willow in Temecula. She said it was unrealistic to rack up debt and expect customers to return as they did before the pandemic.

McIntyre asked the federal Payroll Protection Plan, although Haskett, owner of Gordy’s Bakery in Encinitas, said he couldn’t because he couldn’t meet the 75% payroll requirement for his employees on leave.

McInytre said 25% of PPP can be used for rent, but in California rents are much higher than elsewhere in the country. She also opened other lines of credit, but recognized that it will be difficult to get out of debt.

“It’s not even a month,” she said. “The 25% can cover two (stores) for a month and I’ll have to find the rest. It’s gonna be really hard. Just because they can’t kick me out today doesn’t mean they can’t kick me out after 90 days. Everyone is nervous.

Seghers, who owns 454 Tattoo and Body Piercing in Encinitas and another tattoo shop in Redlands, said he had been in contact with Encinitas City Councilor Kelly Hinze about potential relief from the town .

And although the city has yet to announce any plans, Seghers said he could avoid any postponements or loans for about six months as he cashes in cash after learning from the Great Recession of 2008.

Yet his concerns focus on the long-term impacts, especially for consumers with less purchasing power after the pandemic. About 2.3 million California residents applied for unemployment benefits from March 12 to April 7, according to the Orange County Register.

Seghers, McIntyre and Haskett said there was no guarantee how many of these jobs will come back.

“They can’t take the risk of spending more money,” Seghers said. “Those whose rent is deferred… again take out loans. They will have to pay off their rent, the loans with interest, and then pay their current rent in addition to having to pay for goods and services.

He said small businesses could reopen with two or three times the overhead, putting them in dire financial straits. Seghers said it could come down to the tenant-landlord relationship and a mutually beneficial rental arrangement.

Hasket has applied for the Small Business Administration’s Disaster Relief Fund, but he tries not to defer any payments while being charged 100% for April rent.

“You are just going into debt,” Haskett said. “If I start digging this hole, it will get deeper and deeper. You don’t make a lot of money with a small business.

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