Finance Debt – Aisa Net http://aisa-net.com/ Thu, 30 Sep 2021 18:23:55 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://aisa-net.com/wp-content/uploads/2021/05/aisa-net-icon-150x150.png Finance Debt – Aisa Net http://aisa-net.com/ 32 32 Presidents Day 2021: what’s open, what’s closed on Mondays? Banks, UPS, mail delivery, stores https://aisa-net.com/presidents-day-2021-whats-open-whats-closed-on-mondays-banks-ups-mail-delivery-stores/ https://aisa-net.com/presidents-day-2021-whats-open-whats-closed-on-mondays-banks-ups-mail-delivery-stores/#respond Thu, 08 Apr 2021 02:38:21 +0000 https://aisa-net.com/presidents-day-2021-whats-open-whats-closed-on-mondays-banks-ups-mail-delivery-stores/

Monday, February 15 is Presidents’ Day, also known as Washington’s birthday. It is a federal holiday which is always celebrated on the third Monday in February.

The first incarnation of this holiday was in 1796 to commemorate George Washington’s birthday. Over the years, this has been an occasion marked by speeches and receptions. In 1971, it had been added to the list of federal holidays, offering government employees a three-day weekend each February.

Here’s what you need to know about what’s open and what’s closed on Presidents Day 2021:

Are U.S. Post Offices Open on Presidents Day 2021?

No, post offices will be closed Monday for Federal Day, according to its website.

Will there be mail delivery on Presidents Day 2021?

No, there will be no regular mail delivery on Presidents’ Day.

Does FedEx operate on Presidents Day 2021?

FedEx Ground, FedEx Home Delivery, and FedEx Freight all operate on President’s Day, but other FexEx services may change during the holidays.

Does UPS deliver packages on Presidents’ Day 2021?

UPS Pickup and delivery services are available, according to the UPS website. UPS SurePost and UPS Mail Innovations deliveries will require an additional business day in transit due to Federal Holiday (USPS). UPS stores are open.

Are banks open on Presidents Day 2021?

Because it is a federal holiday, most banks will be closed. However, some local or community banks or credit unions, or some drive-through services at banks may be open or have limited hours. Check with your local bank for details.

According to Banks.org, the following banks will be closed on Monday:

Which stores will be open on Presidents Day 2021?

Big box stores and malls will be open on Presidents’ Day 2021, according to holidayhoppinghours.com. Local retail stores are all expected to be open on Monday, February 15. Here are the hours for some of the most popular stores:

Will grocery stores be open on Presidents Day 2021?

Most grocery stores will have regular hours on Mondays. Check with your local store before you go.

Are there any Presidents Day 2021 special online sales still online today?

Several retailers are offering big discounts and big savings with Presidents Day 2021 sales. Here are some of the best:

Presidents’ Day sales 2021, check out some of the best deals online

Under Armor Presidents’ Day Sale, Up To 50% Off Factory Clothing, Masks & More

Coach Outlet offers 75% discount on sales, more interesting offers online

Presidents’ Day mattress sales offer big savings for a better night’s sleep

The North Face seasonal sale, big savings on outdoor gear and inner layers

Source link

]]>
https://aisa-net.com/presidents-day-2021-whats-open-whats-closed-on-mondays-banks-ups-mail-delivery-stores/feed/ 0
Pharmaceutical company admits to using fake data https://aisa-net.com/pharmaceutical-company-admits-to-using-fake-data/ https://aisa-net.com/pharmaceutical-company-admits-to-using-fake-data/#respond Thu, 08 Apr 2021 02:38:09 +0000 https://aisa-net.com/pharmaceutical-company-admits-to-using-fake-data/

Fibrogen used fake data for its anemia pill. In other news, a lot of money is flowing through the drug and medical device industries.

Stat: Fibrogen admits fake anemia pill safety data shared with FDA and investors

Fibrogen admitted on Tuesday that the company has been touting false heart safety data for its experimental anemia pill for at least two years – a shocking revelation that raises even more questions about the drug’s approval. Fibrogen shares fell 27% to $ 25 in Tuesday’s after-hours trading session as investors questioned the credibility of the company’s management team and pondered the ramifications of the revised data on cardiac safety that may no longer be strong enough to go through with the Food and Drug Administration. (Feuerstein, 4/6)

Axios: COVID test start-up LumiraDx in $ 5 million SPAC deal

LumiraDx, a UK diagnostic startup that makes COVID-19 tests, has agreed to merge with special purpose acquisition company (SPAC) CA Healthcare Acquisition Corp. in a deal valued at $ 5 million, the companies said on Tuesday. LumiraDx also obtained a loan of $ 300 million from BioPharma Credit and an additional $ 100 million from Capital One Financial, the statement said. (4/7)

Stat: Biotech venture capitalists have more money to invest than ever. What could possibly go wrong?

There is more money flowing through biotechnology than ever before. Over the past year, several trends have converged to create a historic funding environment for startups, full of what industry insiders call “dry powder.” Experts say this type of environment could be great for the industry as a whole, allowing startups to raise more money and go much faster. But venture capitalists also told STAT that increased interest in biopharmaceutical companies means competition for investments has grown unusually fierce. (Sheridan, 4/7)

Statistic: Payments from medical device companies to doctors exceed those to pharmacy

The medical device industry paid doctors $ 904 million in consulting fees, lunches, accommodation and other incentive payments between 2014 and 2017, new study finds, more than $ 80 million more dollars than the pharmaceutical industry lavished on physicians during the same period. Experts told STAT that the results, published Monday in Health Affairs, raise new questions about the industry’s influence on physician behavior, especially as the medical device industry generates much less revenue. than the pharmaceutical industry. (Diaz, 4/6)

In the news of the biotech industry –

Modern healthcare: Biosimilars need a political push, experts say

Doctors and patients are bracing for biosimilars, but policy adjustments are needed to boost use, industry watchers have said. About three-quarters of physicians consider biosimilars as safe and effective as their corresponding biologic, and 71% of patients are willing to take them on a physician’s recommendation, according to a new University of Chicago NORC survey of more of 1,200 physicians and patients. . But the uptake of therapies has been slowed by price manipulation and patent litigation. (Kacik, 4/6)

Stat: Akili’s Therapeutic Game to be Tested as a Treatment for Covid ‘Brain Fog’

Akili, who made history last summer by obtaining regulatory clearance for the first video game-based therapy, now plans to test whether his software can help adults with ‘brain fog’ Covid. Two remote randomized studies, one conducted by Weill Cornell Medicine and the New York-Presbyterian Hospital and the other by Vanderbilt University Medical Center, will assess whether AKL-T01, Akili’s marketed treatment for ADHD under the brand name ‘EndeavorRx, May Help Improve Cognitive Symptoms In Covid Survivors. (Aguilar, 4/7)

Boston Globe: MIT Scientists Launch Initiative to Solve Biotech’s ‘Missing Women’ Problem

A group of prominent MIT scientists who formed to tackle gender inequalities in the biotech industry released a report on Tuesday that said male teachers at the school are setting up businesses at a higher rate. higher than their female peers, and offers a way to help close the gap. The report that comes after two years of research by the Boston Biotech Working Group describes a plan, called the Future Founders Initiative, that calls for collaborations between the university, venture capitalists, and faculty. (Anissa Gardizy, 4/6)

This is part of the KHN Morning Briefing, a summary of coverage of health policies by major news organizations. Sign up for an email subscription.
Source link

]]>
https://aisa-net.com/pharmaceutical-company-admits-to-using-fake-data/feed/ 0
Egyptian banks face additional pressure from coronavirus fallout https://aisa-net.com/egyptian-banks-face-additional-pressure-from-coronavirus-fallout/ https://aisa-net.com/egyptian-banks-face-additional-pressure-from-coronavirus-fallout/#respond Thu, 08 Apr 2021 02:37:50 +0000 https://aisa-net.com/egyptian-banks-face-additional-pressure-from-coronavirus-fallout/

Fitch Ratings-London / Dubai: Egyptian banks face deteriorating asset quality and continued pressure on profitability until 2021 amid the economic fallout from the pandemic, Fitch Ratings says in a new report. Capitalization remains a weak credit and liquidity in foreign currency is still vulnerable to external shocks. However, the sector could benefit from growth and income opportunities, with Egyptian lockdowns less stringent than those in many jurisdictions, and consumer consumption and public investment more resilient.

The sector’s average Phase 3 loan ratio was stable at 3.4% at the end of 3Q20, supported by significant interest rate cuts by the Central Bank of Egypt (CBE) to stimulate lending, a six-month deferral of loan repayments and flexibility on how banks classify loans. However, we believe that these measures have delayed rather than prevented the deterioration in asset quality.

We expect the industry’s average Phase 3 loan ratio to increase to around 4% by the end of 2021. However, the main indicators of asset quality pressures are likely a higher level of restructured exposures and a migration of phase 1 to phase 2 loans. 2 despite the abstention measures.

We expect continued pressure on operating profitability from falling interest rates and rising loan impairment charges as borrower support measures end. We don’t expect this to lead to capital erosion, but capitalization remains credit weakness given the high exposure of banks to government and large individual debtors. Regulatory capital ratios are inflated by the zero risk weighting on local currency sovereign debt.

Banks’ foreign currency liquidity recovered after the massive sell-offs and portfolio outflows in March and April 2020, but remains vulnerable to foreign investor confidence in emerging market debt and exchange rate fluctuations.

The report, “Peer review of Egyptian banks», Is available on www.fitchratings.com

-Ends-

The above article originally appeared as a post on Fitch Wire’s credit market commentary page. The original article is available on www.fitchratings.com . All opinions expressed are those of Fitch Ratings.

© Press release 2021

Source link

]]>
https://aisa-net.com/egyptian-banks-face-additional-pressure-from-coronavirus-fallout/feed/ 0
Funko will combine its collectible figures with NFTs https://aisa-net.com/funko-will-combine-its-collectible-figures-with-nfts/ https://aisa-net.com/funko-will-combine-its-collectible-figures-with-nfts/#respond Thu, 08 Apr 2021 02:37:30 +0000 https://aisa-net.com/funko-will-combine-its-collectible-figures-with-nfts/

Non-fungible tokens are all about bringing collectibles into the digital realm, and Funko can’t wait to grab that while they can. The company has purchased control of the startup NFT TokenWave with the aim of combining Funko Pop vinyl figures with digital tokens using the Wax platform. Funko plans to offer an NFT weekly starting at $ 10 and will pair the “rarest” tokens with exclusive Funko Pop figures. We wouldn’t expect prices to climb to absurd levels of the first tweet Where Nyan’s cat, but Funko is clearly counting on some hype.

The first wave of NFT is expected to arrive in June.

Funko’s choice of platforms might not please some. Wax (also used by Topps) uses a delegated proof of stake blockchain system that is faster and more energy efficient than the proof of work approach used with Bitcoin, and more democratic than regular proof of stake. However, it’s not as decentralized as Proof of Work and isn’t necessarily as secure.

Whatever you think about the choice of technology, it could be a big move that brings NFTs closer to the mainstream. A lot of people may be new to NFTs, but a link to Funko Pop figures could both make the tokens desirable and help illustrate their potential value (or lack thereof, depending on your perspective) to a larger audience. large. Don’t be surprised if other collectible giants follow suit.

Source link

]]>
https://aisa-net.com/funko-will-combine-its-collectible-figures-with-nfts/feed/ 0
Is the vegan diet linked to poorer bone health? https://aisa-net.com/is-the-vegan-diet-linked-to-poorer-bone-health/ https://aisa-net.com/is-the-vegan-diet-linked-to-poorer-bone-health/#respond Thu, 08 Apr 2021 02:37:10 +0000 https://aisa-net.com/is-the-vegan-diet-linked-to-poorer-bone-health/

People on a vegan diet may have poorer bone health, a new study has suggested.

In a new study, the bone health of vegans as well as people on a mixed diet was determined by an ultrasound measurement of the heel bone.

The results showed that people on a vegan diet had lower ultrasound values ​​than the other group, indicating poorer bone health.

“A vegan diet is often considered to be health conscious. However, our scientific findings indicate that a vegan diet affects bone health,” said researcher Andreas Hensel of the German Federal Institute for Risk Assessment, in a press release.

For the study, the team investigated a study involving 72 men and women. The bone health of all participants was assessed at the heel bone level using ultrasound measurements.

Information on age, smoking, education, body mass index, physical activity and alcohol consumption was also collected.

Using a statistical model, the team was able to identify a model of twelve biomarkers that play an important role in bone health from 28 nutritional and bone parameters derived from blood or urine.

It has been shown that in combination with vitamins A and B6, amino acids lysine and leucine, omega-3 fatty acids, selenoprotein P, iodine, thyroid stimulating hormone, calcium, magnesium and protein a-Klotho were positively associated with bone health.

Conversely, lower concentrations of the hormone FGF23 were observed at higher ultrasound levels in this pattern.

Source link

]]>
https://aisa-net.com/is-the-vegan-diet-linked-to-poorer-bone-health/feed/ 0
The first quarter in bond funds https://aisa-net.com/the-first-quarter-in-bond-funds/ https://aisa-net.com/the-first-quarter-in-bond-funds/#respond Thu, 08 Apr 2021 02:36:37 +0000 https://aisa-net.com/the-first-quarter-in-bond-funds/

Above all, the new year brought good news regarding a potential return to normal for economies, which largely left fixed income markets to worsen in the first quarter of 2021. The introduction of the fiscal stimulus package US $ 1.9 trillion US dollar and the ongoing deployment of the coronavirus vaccine have boosted expectations of economic growth and rising inflation, both of which have led to soaring interest rates and a steepening of the US Treasury yield curve during the quarter. Inflation in particular has scared bond investors as rising prices erode the value of coupon payments.

Rising rates caused problems for most fixed income sectors. Overall, all bond sectors except the highest yielding and less rate sensitive sold as investors sought yield and reduced their exposure to rising rates. The Bloomberg Barclays US Aggregate Bond Index, an indicator of exposure to typical US core bonds, fell 3.4% for the quarter. In the end, most Morningstar fixed income categories lost ground in the first quarter of 2021. Long government funds followed the pack with an average decline of 12.8%, while floating rate bank loan funds led the way with an average gain of 1.5%.

The Fed is holding on

While investors worried about the prospect of higher inflation, the Federal Reserve remained indifferent, indicating that it believed the rate hike was orderly and that high inflation was likely transient. Although the Fed has effectively raised its projections for economic growth, the U.S. central bank has maintained its program of purchasing $ 120 billion in treasury bills and agency mortgage-backed securities per month and continued to ‘indicate that the fed funds rate would likely stay close to zero through the end of 2023.

Against this backdrop, the yield curve steepened as short-term rates were anchored by Fed policy, while long-term rates rose as public debt lost its luster. The 10-year rate jumped 81 basis points to 1.74% in the quarter. In February, disappointing demand for 7-year US Treasury bills further fueled the liquidation of public debt. Given its high sensitivity to interest rates, the Bloomberg Barclays Long Treasury Index plunged 13.5% in the first quarter, while the Bloomberg Barclays US Treasury 1-3 Year Index declined slightly by 0. , 1%. Meanwhile, short-term government debt offering protection against inflation has fared even better; the Bloomberg Barclays US 0-5 Year TIPS Index rose 1.1%.

Funds with a shorter duration, a measure of interest rate sensitivity or a focus on inflation protection were among the top performing high-quality fixed income strategies during the quarter. Limited time BBH (BBBIX) and Pimco 1-5 years US TIPS ETF (STPZ) gained 0.5% and 1.1%, respectively, and were among the best performers in their respective categories of ultra-short bonds and inflation-protected bonds.

In the more rate-sensitive core and core intermediate bond categories, strategies that had high exposure to agency MBSs resisted liquidation better, in part due to the shorter duration profile of MBSs. JPMorgan Mortgage Backed Securities (OMBIX) and DoubleLine Total Return Bond (DBLTX) were two of those deals, losing 0.4% and 1.5% respectively, a smaller drop than most peers in their respective main and main-plus peer groups.

Investors stretch for yield

Investors continued to move into the riskier areas of the credit markets in their quest for yield, reinforcing the trend in the second half of 2020. In light of demand for yield, publicly traded private issuers rushed to profit as conditions remain favorable, flooding the market with new issues in a record quarter for high yield sales. At the same time, energy bonds were boosted by higher oil prices during the quarter, given growing economic optimism. (Crude oil [WTI] rose 22.2% in the quarter to close at $ 59 a barrel.)

Credit quality largely dictated business performance during the quarter. The Bloomberg Barclays US Corporate High Yield Index gained 0.9%, while the Bloomberg Barclays US Investment Grade Corporate Index fell 4.7% over the period. As the Bloomberg Barclays US High Yield Ca to D Index climbed 14.6%, aggressive approaches to credit risk were generally rewarded during the quarter. High Income Advantage Fidelity Advisor (FAHCX) gained 4.2% in the first quarter, outperforming most of its peers in its high yield bond category, thanks to its high stake in lower-rated bonds as well as its roughly 20% allocation to equities .

Convertible bonds, hybrid securities combining the characteristics of debt and equities, also benefited from the continued rise in equities. MainStay MacKay Convertible (MCNVX) rose 3.1% and landed in the top quintile of the convertible category over the period. Meanwhile, bank loans have seen a change of fortune after a difficult 2020. The S & P / LSTA leveraged loan index rose 1.8% for the quarter, with investors eyeing the industry’s floating rate coupons, which rise as interest rates rise. As with businesses, lower-rated loans outperformed. Thanks in part to its overweighting of loans rated below B, Credit Suisse Floating Rate High Income (CSHIX) gained 2.2% in the first quarter and beat nearly 90% of its bank lending counterparts.

A global ripple effect

The rate hike spread across the globe as sovereign bond yields soared in the first quarter. Amid fears that rising yields could derail the recovery in the eurozone, where vaccine deployment has yet to accelerate significantly, the European Central Bank signaled in March that it would pick up speed. of its asset purchases in the second quarter. In contrast, the Bank of England took a stance closer to that of the United States, leaving monetary policy unchanged in March, viewing the rate hike as a sign of economic optimism. Meanwhile, the Bank of Japan made some subtle adjustments following a three-month review of its monetary policy, but generally maintained its accommodative stance.

Given the relatively strong pace of economic recovery in the United States, the US dollar strengthened against a basket of currencies during the quarter. This partially cushioned the 2.5% drop in the US dollar hedged version of the Bloomberg Barclays Global Aggregate Index for the quarter, while the unhedged version of the index fell 4.5%. Hartford World Bond’s (HWDIX) The combination of increased exposure to the US dollar and a shorter duration positioning allowed it to post a stable return for the quarter, which outperformed nearly all peers in the global bond category, which are either not hedged, or tactically manage exposure to non-US currencies.

Emerging market debt had started to look attractive to investors in the second half of 2020, but rising US yields brought it to a halt in the first quarter of 2021, reducing the relative attractiveness of sovereign debt markets. emerging riskier. In March, Brazil’s central bank raised interest rates by 75 basis points as it sought to tackle a recent spike in inflation. Turkey also raised its policy rate in March amid rising inflation, although its central bank chief was sacked shortly after the rate hike in a dispute over the decision. Overall, emerging market debt denominated in local currency has lagged against hard currencies; the JP Morgan index for the former fell 6.7%, while the latter fell 4.5% for the quarter. The lightness of the rates in local currency made it possible to maintain the obligation of Pimco Emerging Markets Bond (PEBIX) 4.8%close to that of its typical counterpart in the emerging market bond category.

Munis helped by Stimulus

Despite the jump in rates, US municipal bonds held up relatively well in the first quarter, supported by strong investor demand. The credit outlook for the munis was boosted by the US $ 1.9 trillion fiscal stimulus package, which allocated $ 350 billion in federal aid to state and local governments. Muni investors also digested the Biden administration’s plans to introduce tax reform and come up with an infrastructure spending program. Credit fundamentals of armed issuers showed signs of improvement during the quarter. The State of Illinois was one of these transmitters; S&P raised its outlook from negative to stable in March.

In this context, the theme of substandard tariffs outperforming in the quarter also extended to the municipal market. The Bloomberg Barclays Municipal Bond Index posted a modest loss of 0.4%, while the Bloomberg Barclays High Yield Municipal Bond Index rose 2.1% over the period. BlackRock High Yield Municipal (MAYHX) was one of the top performers during the quarter in the high yield munitions category, up 2.5% due in part to its overweighting of lower rated fares.

Source link

]]>
https://aisa-net.com/the-first-quarter-in-bond-funds/feed/ 0
Derek Carr to be 2021 New England Patriots QB, Red Sox to miss playoffs and other predictions for coming year | Matt Vulture https://aisa-net.com/derek-carr-to-be-2021-new-england-patriots-qb-red-sox-to-miss-playoffs-and-other-predictions-for-coming-year-matt-vulture/ https://aisa-net.com/derek-carr-to-be-2021-new-england-patriots-qb-red-sox-to-miss-playoffs-and-other-predictions-for-coming-year-matt-vulture/#respond Wed, 07 Apr 2021 23:17:43 +0000 https://aisa-net.com/derek-carr-to-be-2021-new-england-patriots-qb-red-sox-to-miss-playoffs-and-other-predictions-for-coming-year-matt-vulture/

The first return games are going to be incredible.

This is my annual top-of-the-year sports prediction column, a collection of crazy guesses and lightly educated guesses. And there will be plenty below.

But my first sports prediction for 2021 is the one I trust the most: Live sports events with large crowds will be an unforgettable experience whenever the vaccination allows it.

The sport and the encouragement of our teams will be part of how we come together. When enough of the population is vaccinated and the stadiums and arenas return to full capacity, it will be an incredible experience.

Imagine a full TD Garden the first time the Celtics threw a 10-2, forcing the opposing coach to request a time-out. Or when the Bruins tied the game in the last five minutes of the third period. Imagine Fenway Park rising when the closer Red Sox later got two strikes on a batter with two outs in the start of the ninth. The Patriots preseason games could even sell out.

The ovations will be louder, richer and warmer.

For nine months, most responsible adults were hyper-aware to avoid getting too close to anyone because the consequences of that simple act could be catastrophic. Eliminating these risks will be a huge weight lifted, especially during a game. Being stuck in Fenway’s tight seats, or lining up for beer, the bathroom, or walking into the crowded bar after the game isn’t going to seem so boring after a year of not being able to do these things.

Strangers will hit each other five times and smile at each other without a mask in a mutual and shared appreciation of this resumption of normality.

Hopefully that will come in time for the Bruins and Celtics playoff games, much of the baseball season, and the entire 2021 Patriots season. But every time that happens, it will be amazing.

Time for predictions …

2021 Patriots quarterback will be Derek Carr – Matt Stafford will cost too much and the Jets will keep Sam Darnold. The Raiders will choose Marcus Mariota, who is cheaper and eventually frees up Carr allowing the patriots buy low on an underrated quarterback.

The Red Sox will not participate in the playoffsThe Red Sox don’t dive into reputable free agents and they don’t have enough tradable assets to build a playoff-caliber team of pitchers. Chris Sale will show promise following Tommy John’s surgery, but he won’t be full again until 2022.

Patriots roster will have huge turnover – Jason McCourty, Patrick Chung, Matthew Slater, Dont’a Hightower, Stephon Gilmore, Joe Thuney, Marcus Cannon and James White will all be elsewhere or retired as the team uses their vast space for a massive overhaul. Devin McCourty will be the rare returning veteran.

College football playoff –Alabama defeats Clemson, 42-39, in the most predictable championship game of an unpredictable season.

Buffalo Bills win Super Bowl – After upsetting the Chiefs in a classic, the Bills finally win a championship but have to wait months for a parade.

The Tokyo Olympics will take place but without certain countries – The Japanese capital and the IOC badly need the games to take place in one way or another to avoid repaying sponsor money. But unfortunately, there will be countries that have not achieved a sufficiently high level of vaccination to send delegations.

Key player to miss Super Bowl for COVID-19 – The NFL’s decision not to bubble for the playoffs will mean that a key player, and possibly several players, will miss the game due to a positive test, creating an eternal cloud of simulations about the game .

Becky Hammond to be NBA head coach – Someone will recognize that she is a great choice.

The Boston Marathon will finally take place … in the fall – April is too early, but a course lined with foliage at the beginning of October will be surrounded by record crowds.

Bruins will struggle to qualify for the playoffs – No Torey Krug. No Zdeno Chara and no real replacements for them. The Bruins will be older and less talented and will barely enter.

Massachusetts will legalize sports betting, but … the state will impose so many restrictions on it that many potential players will either stay with their bookmaker or travel to neighboring states to place their bets – This is my third attempt at this prediction.

Curt Schilling Hall of Fame Induction Speech to be Non-Political– The former Red Sox pitcher, facing the moment of his induction, will be the man who loves the game and is impressed with his moment of induction. He will be talking a lot about politics before the event, but on the podium, it will be about baseball.

This year’s forecast will be better than last year’s – That’s a low bar to hit.

Follow MassLive sports columnist Matt Vautour on Twitter at @ MattVautour424.


Source link

]]>
https://aisa-net.com/derek-carr-to-be-2021-new-england-patriots-qb-red-sox-to-miss-playoffs-and-other-predictions-for-coming-year-matt-vulture/feed/ 0
Barclays helps fund Alabama prison despite pledge against private prison companies https://aisa-net.com/barclays-helps-fund-alabama-prison-despite-pledge-against-private-prison-companies/ https://aisa-net.com/barclays-helps-fund-alabama-prison-despite-pledge-against-private-prison-companies/#respond Wed, 07 Apr 2021 23:17:41 +0000 https://aisa-net.com/barclays-helps-fund-alabama-prison-despite-pledge-against-private-prison-companies/

Multinational investment bank Barclays underwrites financing for two of Alabama’s new prisons for private prison company CoreCivic after the bank said it would no longer fund such companies.

Barclays in 2019, joined many other banks that cut ties with companies that detain immigrants and run for-profit prisons. Tennessee-based CoreCivic has faced increased public reluctance to provide housing for immigrants for U.S. Immigration and Customs Enforcement, some of whom were holding children in cages along the U.S. border.

Wells Fargo, SunTrust, Bank of America, BNP Paribas, Fifth Third Bankcorp, based in Birmingham Bank of regions and Barclays have all said they will no longer fund private prison companies.

Despite public statements severing ties with private prison companies, Barclays is the principal underwriter of a bond issue that aims to raise $ 634 million for Government Real Estate Solutions of Alabama Holdings LLC, a company owned by CoreCivic, for CoreCivic build and lease the two new prisons in Alabama for the operation of the Alabama Department of Corrections, Bloomberg reported.

Under the direction of the State of Alabama, Barclays worked alongside state officials and advisers to fund the purchase of two new penal facilities to be leased and operated by the Department of Corrections from the ‘Alabama for the duration of the funding,’ Barclays said. said in an emailed statement to Bloomberg News. “The commitment we made in 2019 not to fund private prison companies remains in place.”

The US Department of Justice in December filed a federal complaint against the State of Alabama and the Department of Corrections of Alabama, alleging violations of the constitutional rights of inmates to protection from inter-inmate violence, sexual abuse and excessive force by prison guards.

In previously published reports, the Department of Justice detailed the systemic issues of prison guard abuse, corruption, rampant drug use, violence, overcrowding, and understaffing in Alabama prisons. The DOJ in these reports states that while new prison facilities may help in some areas, the new buildings will not fully address the state’s widespread and deadly problems in its prisons.

Advertising. Scroll down to continue reading.

Gov. Kay Ivey’s administration had said there was an annual cap of $ 88 million on payments to CoreCivic to build and maintain the two prisons, which will be located in Elmore and Escambia counties, but information shared by administration officials with state lawmakers in January shows the payment is expected to be $ 94 million the first year, with increases each year over the 30-year period, bringing the total cost to the state to just over $ 3 billion, or $ 500 million more than the administration had forecast.

Ivey and ADOC Commissioner Jeff Dunn said the new prisons were needed to replace outdated facilities, reduce violence and make more room for rehabilitation services.

Negotiations on a third prison, to be built in Bibb County, are underway, according to Ivey’s office. This prison is to be built and leased to the state by the Alabama Prison Transformation Partners group, made up of Star America, BL Harbert International, Butler-Cohen, Arrington Watkins Architects and Johnson Controls.

Source link

]]>
https://aisa-net.com/barclays-helps-fund-alabama-prison-despite-pledge-against-private-prison-companies/feed/ 0
Amid rising COVID-19 cases, RBI is expected to maintain status quo https://aisa-net.com/amid-rising-covid-19-cases-rbi-is-expected-to-maintain-status-quo/ https://aisa-net.com/amid-rising-covid-19-cases-rbi-is-expected-to-maintain-status-quo/#respond Wed, 07 Apr 2021 23:17:40 +0000 https://aisa-net.com/amid-rising-covid-19-cases-rbi-is-expected-to-maintain-status-quo/

MUMBAI : Amid the uncertainty created by the upsurge in coronavirus cases, the Reserve Bank of India (RBI) is expected to maintain the status quo in its next monetary policy review and wait a bit longer before taking measures to stimulate the growth.

The RBI is expected to announce its first bi-monthly monetary policy for fiscal year 2021-22 on April 7, 2021 after a three-day meeting of the Monetary Policy Committee (MPC) chaired by RBI Governor Shaktikanta Das. On February 5, after the last MPC meeting, the central bank kept the key interest rate (repo) unchanged, citing inflationary concerns.

According to experts, the RBI should continue its accommodative monetary policy and wait for the opportune moment to announce monetary action in order to ensure the best possible result in terms of stimulating growth without sacrificing the main objective of containing inflation.

In a report, Dun & Bradstreet said the recent increase in COVID-19 cases and restrictions imposed by several states will impose additional uncertainty and obstacles to the pace of the resumption of industrial production.

Dun & Bradstreet’s chief global economist Arun Singh said long-term yields are tightening, causing borrowing costs to rise.

“In this context, the Reserve Bank of India faces the difficult task of managing inflationary pressures while preventing a rise in the cost of borrowing.

“Despite mounting inflationary pressures, we expect the RBI to keep the policy repo rate unchanged in the next monetary policy review given the uncertainty posed by the sharp increase in COVID-19 cases.” , did he declare.

Asked about his expectations for the next MPC, ANAROCK Property Consultants chairman Anuj Puri said that with consumer inflation fluctuating and not yet stable and the key repo rate was Also significantly reduced by 115 basis points since February 2020, the RBI may consider keeping rates. waiting.

“He is likely to keep an eye on developments in inflation and economic recovery in the months to come amid the increase in COVID-19 cases in the country.

“India is witnessing a second wave with partial closures imposed in different states and cities. In such a scenario, it is likely that the RBI will maintain the status quo,” he said.

Further, Puri added that while the real estate industry’s eternal hope rests on lower interest rates, the lowest current mortgage rates starting at 6.70% are attractive enough for home buyers. House.

In a recent report, UBS Securities India economist Tanvee Gupta Jain expected the RBI to maintain comfortable short-term liquidity in order to disrupt the government’s borrowing program as little as possible and support the economic recovery at a time when COVID-19 cases are resurfacing in India.

“We continue to expect the central bank to continue to normalize its policy in the second half of FY22 in order to contain inflationary pressures and preserve financial stability.

“In our baseline scenario, we expect the MPC to take a neutral policy stance and / or pursue reverse repo rate hikes (25-40bp) without resorting to key rate hikes (repo) in FY22. We expect the reverse repo rate to be raised by 50 basis points, but only towards H2FY23, ”Jain said.

Meanwhile, a report by Anand Rathi said the reversal of the slowing trend in retail price inflation seen over the past three months would put pressure on the RBI to review the extent of the accommodation. monetary and liquidity.

“Tightening core inflation would be a particular unease. Despite this, lingering concerns about growth should keep monetary policy accommodative into 2021,” he said.

The policy rate for reverse repurchase agreements or short-term loans is currently 4 percent and the reverse repo rate is 3.35 percent.

The RBI maintained the status quo after May of last year.

The RBI last revised its key rate on May 22, 2020 in an off-policy cycle to revive demand by lowering the interest rate to a historically low 4%.

To subscribe to Mint newsletters

* Enter a valid email address

* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint. Download our app now !!

Source link

]]>
https://aisa-net.com/amid-rising-covid-19-cases-rbi-is-expected-to-maintain-status-quo/feed/ 0
Planet Money: The Planet Money indicator: NPR https://aisa-net.com/planet-money-the-planet-money-indicator-npr/ https://aisa-net.com/planet-money-the-planet-money-indicator-npr/#respond Wed, 07 Apr 2021 23:17:38 +0000 https://aisa-net.com/planet-money-the-planet-money-indicator-npr/

Qilai Shen / Bloomberg / Bloomberg via Getty Images

The Ant Group Co. logo is displayed at the company's headquarters in Hangzhou, China on Monday, September 28, 2020.

Qilai Shen / Bloomberg / Bloomberg via Getty Images

Ant Group is a Chinese financial services company co-founded by Jack Ma, the billionaire entrepreneur behind Alibaba.

Over the past decade, Ant has grown into a one-stop-shop for payments, financial investments, loan guarantees, and many other financial services. The company has built a reputation for its wide range of offerings, allowing users to do everything from paying restaurant bills to building investment portfolios. Since 2014, Ant has accumulated over 700 million monthly users.

Ant’s rapid success led to an initial public offering (IPO) scheduled to be launched in November 2020. It was the largest IPO in history.

But a few weeks before the IPO, Jack Ma gave a speech in which he said the Chinese-led banking industry has a “pawnshop mentality,” implying that the government is too risk-averse. and slow to innovate.

A few days later, the government withdrew the Ant Group’s IPO.

Emily Feng is NPR’s correspondent in Beijing and she is joining the show to tell the story of Ant’s initial public offering and what it reveals about the Chinese economy.

Music by Electric Chute. Find us: Twitter / Facebook / Bulletin.

Subscribe to our show on Apple podcasts, PocketCasts and NPR A.


Source link

]]>
https://aisa-net.com/planet-money-the-planet-money-indicator-npr/feed/ 0