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Christmas adverts - do they really work?
Fri, 15 Nov 2019 22:02:07 GMT
Big budget ads are already gracing our screens but do they actually benefit the big brands behind them?
Hong Kong: 'I was tear gassed getting my lunch'
Fri, 15 Nov 2019 22:00:00 GMT
The increasing unrest in Hong Kong is affecting businesses in one of the world's biggest commercial hubs.
Lloyds shareholders lose legal fight over HBOS
Fri, 15 Nov 2019 12:59:19 GMT
Lloyds TSB shareholders claim they were "mugged" when Lloyds took over the lender.
Party plans would ‘boost minimum pay for millions’
Fri, 15 Nov 2019 00:06:35 GMT
The plans would double or treble the number whose wages are set by government, a think tank says.
HS2: Five other giant projects facing big delays
Fri, 15 Nov 2019 00:05:28 GMT
The rail scheme faces huge cost overruns, but it's not the only big project behind schedule and over budget.
General election 2019: Labour pledges free broadband for all
Fri, 15 Nov 2019 17:02:03 GMT
Labour would part-nationalise BT to deliver the policy and tax tech giants to help cover the £20bn cost.
BT Sport retains exclusive Champions League rights in £1.2bn deal from 2021-24
Fri, 15 Nov 2019 10:48:01 GMT
BT Sport wins the exclusive rights to show the Champions League, Europa League and Europa Conference League from 2021-24 in a £1.2bn deal.
Hong Kong in first recession for a decade amid protests
Fri, 15 Nov 2019 10:44:56 GMT
Months of anti-government protests have taken their toll on the territory's economy.
Australia and others ask for Brexit trade compensation
Fri, 15 Nov 2019 16:55:08 GMT
A number of World Trade Organization countries have asked for compensation over Brexit.
'Boeing was at my father's funeral and I was not'
Thu, 14 Nov 2019 21:41:04 GMT
Few victims' families were able to attend the covering over of the Ethiopian Airlines crash site.
Alibaba backs Hong Kong's 'bright' future with huge listing
Fri, 15 Nov 2019 02:15:58 GMT
The $13bn listing would be the world's largest this year and comes amid growing unrest in Hong Kong.
General election 2019: Tories promise help for 'left-behind' towns
Thu, 14 Nov 2019 23:59:40 GMT
A reduction in business rates for small firms is among a raft of measures pledged by the Conservatives.
Cladding puts flat owners' lives on hold
Fri, 15 Nov 2019 21:58:52 GMT
People in UK tower blocks are unable to re-mortgage or sell their homes because of cladding.
Dubai Air Show: Aerospace industry meets for deals and displays
Fri, 15 Nov 2019 21:53:02 GMT
About 1,300 exhibitors are expected at the biggest aerospace and defence event of the year.
General election 2019: What are nationalisation and privatisation?
Fri, 15 Nov 2019 12:47:46 GMT
The two topics are a big discussion point in the general election, but how do they work?
Zut alors! The Americans who are farming edible snails
Thu, 14 Nov 2019 00:36:56 GMT
Two snail farms in the US are now allowing top restaurants to switch from canned to fresh supplies.
My Money: 'I used the same nappy for my nine children'
Thu, 14 Nov 2019 00:42:24 GMT
As part of a new BBC blog series, Katie Holden shares what she spent her money on this week.
Is surge pricing a fair way to manage demand?
Wed, 13 Nov 2019 00:05:15 GMT
Ride-hailing app Uber is far from the first company to change prices according to customer numbers.
Is China gaining an edge in artificial intelligence?
Tue, 12 Nov 2019 00:02:21 GMT
The US-China over artificial intelligence is heating up, but some warn the US could be over-reacting.
The reigning queen of American reality TV
Mon, 11 Nov 2019 00:14:34 GMT
How Lisa Vanderpump juggles being a TV star with running a multimillion dollar business empire.
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Rethinking the Debt Threat: House Panel to Hold Hearing Next Week
Fri, 15 Nov 2019 18:30:09 -0500
Rethinking the Debt Threat: House Panel to Hold Hearing Next WeekThe House Budget Committee will hold a hearing next week examining the costs and consequences of federal debt, with four prominent economists slated to testify.Ahead of the hearing, Democratic staffers on the committee issued a report arguing that “fears of an imminent debt crisis are misplaced” and suggesting that fiscal policy should be driven by meeting economic needs rather than by fears about debt and deficits.“The federal debt as a share of the economy has more than tripled since 1980 and now sits at its highest level since just after World War II,” the report says. “However, we have seemingly evaded many of the predicted negative consequences of high and rising debt. These developments have motivated economists to reassess the economics and impacts of government debt and deficits in our current era.”The report makes several key arguments:Recent economic experience has defied textbook theories about debt. Even as the debt has soared, interest rates have fallen and are expected to stay low. “Today, with publicly held debt at 79 percent of GDP, the United States pays a significantly lower interest rate on a 10-year loan than it did 20 years ago – when the government was running consecutive budget surpluses and debt fell to 34 percent of GDP.”Low interest rates make debt and deficits less costly: “Despite their critical differences, both mainstream and alternative schools of thought increasingly agree that government debt appears to be less risky, less costly, and less cause for immediate concern than conventional wisdom suggests.”We should be focused on priorities besides debt reduction: “Failing to tackle severe and persistent infrastructure, education, and health outcome deficits is arguably more damaging to our economic and fiscal outlooks than the risks posed today by higher debt. … Additionally, with interest rates low, these investments are cheaper to make today and are likely to provide a bigger boost to the economy.”But deficits still matter and should be addressed long-term: “Because we cannot be sure that the economy will follow its projected path – and because no one knows the exact conditions under which debt may actually inflict serious economic harm – basic risk management principles clearly dictate limits on when and how we use deficits. Restraining deficits is also important given that growing debt may make policymakers more reluctant to respond to future economic downturns.” Even if there’s no near-term urgency to reduce the deficit — and some steps to reduce the deficit could actually harm the economy — an aging population and growing health-care costs do pose long-term challenges that will require higher revenue. “Addressing this revenue shortage can help relieve pressure on our long-term fiscal outlook and allow us to gradually return our debt to a sustainable path.”And we should be wise about adding to the deficit now: “Deficits that support critical investments in families, communities, and environmental resilience – investments that improve current and future living standards and boost our long-term growth potential – are justified uses. So are fighting recessions and avoiding needless and destructive austerity traps. Tax cuts for the wealthy, however, are not.”We’ll have more on the hearing next week. Until then, you can see the full report by House Budget Committee Democrats here.Like what you're reading? Sign up for our free newsletter.
AG William Barr: President Trump's political opponents have sought to 'sabotage' the administration
Fri, 15 Nov 2019 18:30:06 -0500
AG William Barr: President Trump's political opponents have sought to 'sabotage' the administrationAttorney General William Barr said in a speech Friday that opponents of President Donald Trump are simply trying to derail his presidency.
Reynolds Wrap Maker Backed by Rank Group Files for U.S. IPO
Fri, 15 Nov 2019 18:21:46 -0500
Reynolds Wrap Maker Backed by Rank Group Files for U.S. IPO(Bloomberg) -- Reynolds Consumer Products Inc., the maker of Reynolds Wrap aluminum foil and Hefty trash bags, has filed for a U.S. initial public offering.The company in its filing Friday listed the size of the offering as $100 million, a placeholder used to calculate fees that will likely change. The number of shares and the price range for them haven’t been decided yet, the company said in a statement.The company, backed by New Zealand billionaire Graeme Hart’s Rank Group Ltd., said in a statement in September that it had confidentially submitted its IPO registration to the U.S. Securities and Exchange Commission.Reynolds planned to seek a valuation of $7 billion in the offering, people with knowledge of the matter said in October. For the nine months ended Sept. 30, Reynolds said it had net income of $135 million on revenue of $2.2 billion, according to Friday’s filing.Read More: Reynolds Touts Presence in Nearly All Households: IPO TearsheetCompanies have raised $2.93 billion in 31 IPOs on U.S. exchanges so far this quarter, compared with 29 raising $5.78 billion during the same period last year, according to data compiled by Bloomberg. Canadian waste management firm GFL Environmental Inc. this month canceled an IPO that targeted a listing of as much as $2.1 billion. That followed the spectacular flop of WeWork’s share-sale plans, which were officially withdrawn in late September.The Reynolds offering is being led by Credit Suisse Group AG, Goldman Sachs Group Inc. and JPMorgan Chase & Co. The company, based in Lake Forest, Illinois, plans to list its shares on Nasdaq under the symbol REYN, according to the filing.(Update with Reynolds valuation target in fourth paragraph)To contact the reporters on this story: Anne Riley Moffat in New York at ariley17@bloomberg.net;Crystal Tse in New York at ctse44@bloomberg.netTo contact the editors responsible for this story: Crayton Harrison at tharrison5@bloomberg.net, ;Liana Baker at lbaker75@bloomberg.net, Michael Hytha, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Rodney Reed's execution stayed by Texas appeals court
Fri, 15 Nov 2019 18:17:00 -0500
Rodney Reed's execution stayed by Texas appeals courtJust hours after the Texas Board of Pardons and Paroles recommended a 120-day reprieve Friday for Rodney Reed, a Texas man scheduled for execution next week for the 1996 murder of Stacey Stites, an appeals court granted him an indefinite stay of execution. "Applicant's execution is stayed pending further order of this Court," the Texas Court of Criminal Appeals said in its order Friday. The parole board sent to Texas Gov. Abbott its recommendation that he sign the reprieve but not grant Reed a commutation.
Trump Issues Rule to Force Hospitals to Reveal Negotiated Prices
Fri, 15 Nov 2019 18:16:22 -0500
Trump Issues Rule to Force Hospitals to Reveal Negotiated PricesThe Trump administration on Friday released the final version of a rule forcing hospitals to publicly disclose the prices they negotiate privately with insurers or face fines. The rule, which would take effect in 2021, is intended to improve transparency in a system that officials say in now clear as mud, increasing competition and better enabling consumers to shop for hundreds of medical items and services, including procedures like X-rays and lab tests, doctor care and facility fees.The administration already requires hospitals to publish list prices, but the new rule would go further by requiring hospitals to post prices paid by various insurers, prices for out-of-network care and charges for patients paying in cash.The administration also proposed a second rule requiring insurers to allow patients to get estimates of their out-of-pocket costs before they receive care.“President Trump has promised American patients 'A+' healthcare transparency, but right now our system probably deserves an F on transparency, " Health and Human Services Secretary Alex Azar said in a statement. "Today's transparency announcement may be a more significant change to American healthcare markets than any other single thing we've done, by shining light on the costs of our shadowy system and finally putting the American patient in control.”Will this kind of transparency work? “Administration officials, employers and others have criticized hospitals and insurers for keeping the deals they strike a secret, making it challenging for patients to seek less expensive places to get care,” writes New York Times reporter Reed Abelson. “They argue that by making it easier for people to find the actual prices that insurers pay — and not just the standard list prices for various services, which the Trump administration started requiring hospitals to post earlier this year — hospitals will be under more pressure to compete on prices.” Implementing the changes is likely to cost hospitals less than 1% of their revenue, an administration official said according to CNBC.But health-care experts say it’s not clear whether hospital price transparency will actually lead to lower prices for patients, and some warn there’s a chance that increased transparency will backfire, resulting in some lower cost hospitals raising prices when they see what others charge. The proposed rule for insurers says that, “while the Departments are of the view that the overall effect of this proposal would lower health care costs, the Departments recognize that price transparency may have the opposite effect because in some markets where pricing is very transparent, pricing can narrow and average costs can increase.”The plan doesn’t have much bite: “While the Trump administration's new hospital price transparency requirement is quite sweeping, the enforcement of it is quite weak -- a maximum fine of $300 per day,” said Larry Levitt of the Kaiser Family Foundation, a nonprofit focused on health care. “The technical term for that is ‘chump change.’ I wonder how many hospitals will just pay the fine.” New York Times health care reporter Sarah Kliff noted that the daily fines work out to a maximum of $109,500 a year. “To put that in perspective: at some hospitals, they can make up that revenue with five MRI scans,” she said in a tweet.Levitt added that the proposal requiring insurers to disclose how much their enrollees would owe for medical services may be much more meaningful to patients.Hospitals and insurers will fight back: Both industries object to having to disclose what they see as proprietary information. America’s Health Insurance Plans, an industry group, criticized the rules in a statement Friday and four major hospital organizations — the American Hospital Association (AHA), Association of American Medical Colleges (AAMC), Children’s Hospital Association (CHA) and Federation of American Hospitals (FAH) — quickly promised to challenge the administration in court.“Instead of helping patients know their out-of-pocket costs, this rule will introduce widespread confusion, accelerate anticompetitive behavior among health insurers, and stymie innovations in value-based care delivery,” the groups said in a joint statement. “Because the final rule does not achieve the goal of providing patients with out-of-pocket cost information, and instead threatens to confuse patients, our four organizations will soon join with member hospitals to file a legal challenge to the rule on grounds including that it exceeds the Administration’s authority.”Like what you're reading? Sign up for our free newsletter.
The Treasury Wine Estates (ASX:TWE) Share Price Is Up 298% And Shareholders Are Boasting About It
Fri, 15 Nov 2019 18:12:49 -0500
The Treasury Wine Estates (ASX:TWE) Share Price Is Up 298% And Shareholders Are Boasting About ItWhen you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...
A Closer Look At Asiaray Media Group Limited's (HKG:1993) Impressive ROE
Fri, 15 Nov 2019 18:12:24 -0500
A Closer Look At Asiaray Media Group Limited's (HKG:1993) Impressive ROEOne of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
This Norwegian Whale Watching Museum Is Going to Look Like an Actual Whale
Fri, 15 Nov 2019 18:04:27 -0500
This Norwegian Whale Watching Museum Is Going to Look Like an Actual WhaleDubbed The Whale, the museum is located in a tiny coastal village that draws more than 50,000 whale watchers every year.
Is Consun Pharmaceutical Group Limited's (HKG:1681) CEO Overpaid Relative To Its Peers?
Fri, 15 Nov 2019 18:04:11 -0500
Is Consun Pharmaceutical Group Limited's (HKG:1681) CEO Overpaid Relative To Its Peers?Qian Li is the CEO of Consun Pharmaceutical Group Limited (HKG:1681). First, this article will compare CEO...
5 Stocks That Boosted Dow Above 28,000
Fri, 15 Nov 2019 18:01:41 -0500
5 Stocks That Boosted Dow Above 28,000Dow sets new milestone close on the heels of improving US-China trade talks Continue reading...
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