Banks Brace for the Downside of Higher Rates (sign-in required, Thomas R.)
Banks have enjoyed a profit boost from rising interest rates over the past couple of years. But now those higher rates could turn into a drag.
Raconteur Report: Monthly Checkup (thc0655)
And last month’s dire doom-and-gloomery from a couple of official jacktards wasn’t helping. This outbreak is essentially contained, so far, but like a brushfire that isn’t out, it might get put out, or it might experience a week of high winds, blossom into incandescence, and wipe out tens of thousands or millions.
So still a thing, but no more and no less than when we first reported on it in August.
“Most data breaches involve financial information, but your Facebook account can be misused in a number of ways that are harmful,” says Justin Brookman, the director of consumer privacy and technology policy for Consumers Union, the advocacy division of Consumer Reports. “Accessing your private communications and posts by itself is pretty invasive, but that information could also be used to crack account security questions or to scam you and your friends.”
Seven Days in September (Paul D.)
As much of a danger as he may be to the republic, Trump will be gone in two or six years. The greater danger may well have been out-of-control, unelected intelligence officials inserting themselves into the electoral process and now, allied with Trump administration officials, into the governing process. A saying at the National Security Agency is: “Administrations come and go, but we will still be here.”
Even if it looks like a local call, it’s probably not. Many times, scammers are engaging in “neighbor spoofing” to make the number look like it’s local. Fraudsters can spoof phone numbers easily and change that spoofed number regularly. You’re more likely to answer it, if it’s a new number, experts said.
“People used to open up their garages and show off their Lamborghinis,” Weisberg said. “Now they take guests to the wine bar in their safe room.” Catsimatidis, who, in addition to worrying about MS-13 has also had his home broken into, is installing infrared sensors at his place. But that’s nothing compared to the security measures that Al Corbi, president of SAFE (Strategically Armored & Fortified Environments), an architecture-focused security firm, has designed for customers, including Hamptonites.
Martinez said she called police Commissioner Geraldine Hart over the weekend to discuss the reporting. She said that, among other things, the police will look into the case of high school freshman Miguel Moran, who disappeared in early 2016, and the case of a 15-year-old girl who went missing with boys affiliated with the gang around the same time. Moran’s remains were found that September. Parents of both teenagers say the police appeared to dismiss their requests for help because they were immigrants. The father of the 15-year-old girl secretly recorded detectives as they threatened his daughter and ignored his requests for interpretation.
This is not to say that we do or do not agree with how Freedom House determines the level of freedom, because taxation (government theft and the most obvious violation of basic human civil rights) rates were obviously not a factor in their rankings. Nor were the number of government services the public is forced to fund at gunpoint whether they use them or not taken into account. It appears they judge only on a few very social layers. But read the reports and see for yourself.
The main driver, however, appears to be a failure from markets to believe that fresh stimulus from China’s central bank, the People’s Bank of China, will help prevent US President Trump’s trade war from causing an economic slowdown in China. The PBOC cut its required reserve ratio for Chinese banks by 1% over the weekend.
Once a business asks for special tax breaks or other favors, it becomes a part of the favor granting political machine. That is why it will lobby for a higher minimum wage, because it makes it easier for a governor and mayor to shell out a billion or two dollars for its new headquarters.
Son and Bin Salman were the powerhouses behind setting up the first SoftBank Vision Fund in 2016. At the time, Son said he wanted it to become “the biggest investor in the technology sector.” He also said in September of this year that he plans to spend around $50 billion a year on startup investment.
The legendary English broadcaster, who spoke with the BBC on the 40th anniversary of his groundbreaking Life On Earth series, commented on a variety of environmental topics. He said he’s eating much less meat: “We simply cannot destroy the natural forests and plains of the world in order to feed ourselves. We have to modify our diet.” On the growing issue of plastic pollution, he said, “We should do our best to avoid the use of plastic.”
Oil prices have extended a rally on expectations the sanctions will test the Organization of the Petroleum Exporting Countries and other producers. Brent crude LCOc1 on Wednesday last week reached $86.74 a barrel, the highest since 2014.
None of the Iranian crude exported in the first week of October is heading for Europe, according to the Refinitiv data. The tankers are sailing to India, China and the Middle East.
“This is concerning because we know there are so many more problems if we exceed 1.5 degrees C global warming, including more heatwaves and hot summers, greater sea level rise, and, for many parts of the world, worse droughts and rainfall extremes,” Andrew King, a lecturer in climate science at the University of Melbourne, said in a statement.
The FDA had concluded that these flavoring compounds do not pose a health risk to consumers. “The synthetic flavoring substances that are the subject of this petition are typically used in foods available in the U.S. marketplace in very small amounts and their use results in very low levels of exposures and low risk,” concludes an FDA statement on the petition.
“This report is not a wake-up call, it is a ticking timebomb,” said Gro Harlem Brundtland, Acting Chair of The Elders in a statement. “Climate activists have been calling for decades for leaders to show responsibility and take urgent action, but we have barely scratched the surface of what needs to be done. Further failure would be an unconscionable betrayal of the planet and future generations.”
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