By Paul Kiernan WSJ Paul Hannon WSJ Mon., April 1, 2019 Manufacturing activity in the world’s two largest economies perked up in March, an antidote to financial-market fears of a coming global recession, though pockets of weakness remain and the outlook is uncertain. Gauges of the U.S. and Chinese factory sectors stabilized last month from earlier slowdowns, sparking a rally in U.S. stocks after investors had braced for weaker readings. Investors, in turn, sold off supersafe government bonds, sending yields on long-term Treasury bonds above short-term interest rates Monday. That reversed a so-called inverted yield curve that had developed in late March in which short-term rates are higher than long rates, a precursor to economic downturns in the past. The U.S. Institute for Supply Management said its monthly index of manufacturing activity rose to 55.3 in March from 54.2 the previous month, with new orders particularly buoyant, boding well for U.S. … [Read more...] about U.S. and Chinese manufacturing stabilize, while Europe lags behind
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By Kevin McGran Sports Reporter Fri., Jan. 18, 2019 The Maple Leafs won on Thursday night. Beat a pretty good team in a fairly entertaining game. Frederik Andersen was terrific. Nazem Kadri looked like himself. Patrick Marleau scored. More importantly — if my Mailbag emails are the barometer — William Nylander looked okay too. Most important of all, Jake Gardiner gave away the puck in the third period of a close game and everyone lived to tell the tale. The calm after the storm? The Leafs are by no means out of their doldrums. One game won’t do it. If they can ride their momentum into tonight in Florida – Garret Sparks is in net — then maybe they will have turned the corner. Article Continued Below That’s certainly what they want. Frederik Andersen put it best: “Hopefully we can put a few together now. I think we showed that we’re a pretty good hockey team when we work this hard. It’s what we … [Read more...] about MAILBAG: More Jake Gardiner … and what’s up with Kadri, Babcock?
By David Barstow The New York Times Susanne Craig Russ Buettner Wed., Oct. 3, 2018 President Donald Trump participated in dubious tax schemes during the 1990s, including instances of outright fraud, that greatly increased the fortune he received from his parents, an investigation by The New York Times has found. Trump won the presidency proclaiming himself a self-made billionaire, and he has long insisted that his father, legendary New York City builder Fred C. Trump, provided almost no financial help. But The Times’ investigation, based on a vast trove of confidential tax returns and financial records, reveals that Trump received the equivalent today of at least $413 million (U.S.) from his father’s real estate empire, starting when he was a toddler and continuing to this day. Much of this money came to Trump because he helped his parents dodge taxes. He and his siblings set up a sham corporation to disguise millions of dollars in gifts … [Read more...] about Donald Trump engaged in suspect tax schemes as he reaped riches from his father, investigation reveals
By Jason Zweig The Wall Street Journal Fri., Sept. 28, 2018 Does it make sense to invest anywhere but in the U.S? While the S&P 500 is within 1% of its all-time high, European markets are flat, Chinese stocks are in a deep slump and the Japanese market—after a huge recent run-up—has finally clawed its way back to where it was 27 years ago. Through Aug. 31, the S&P 500 has outperformed international stocks, as measured by the MSCI World ex USA Index, over the past one, three, five, 10, 15, 20, 25, 30, 35, 40 and 45 years, according to AJO, an institutional investment manager in Philadelphia. Had you put $10,000 (U.S.) in each in 1973 and reinvested all your dividends, your U.S. holdings would be worth $1.06 million; your international stocks, $356,000. All those numbers seem to indicate you’d be crazy to diversify internationally. But, in fact, all they signify is that numbers can play tricks on you. It still makes sense to add international … [Read more...] about The ‘dumb’ money is bailing on U.S. stocks. That’s smart
Welcome to The Myanmar Times ongoing analysis of Myanmar's highly-anticipated election. We've set up an Election Parties page – a handy "cheat-sheet" of sorts – to help you keep track of major parties, as well as an Election Voices page, where you can find conversations with candidates and electoral experts, and comments from you, our readers. We've also been covering the results as they develop live over on our Election Live Blog – check it out! To get involved in the conversation, send us a message at Facebook.com/TheMyanmarTimes, Tweet us @TheMyanmarTimes using the hashtag #MyanmarElection or send us an email at [email protected], Subject: "People's Pundit" and have your voice heard! Final Pyithu and Amyotha Hlttaw results, as of the final UEC results announcement November 22 For more information, including full party tallies, check out our election live blog, and to see results for the Pyithu and Amyotha Hluttaws … [Read more...] about Election 2015