Great resignation

The FOMC's dot plot , which is perhaps the most boring but the most terrifying chart in economics and investing right now, is the summary of where members of the Federal Open Market Committee (FOMC) expect the federal funds rate to be over the next three years. It's an estimate, not a mandate. Still, the most recent release of the dot plot shows a significantly higher range than it did in the last several meetings. The high water mark for interest rates, according to those dots, is projected at around 4.6%, which is considered to be the Fed's terminal rate, or the end rate. That's significantly higher than where we are today, higher than where it was projected to be a few months ago, and it could move even higher if inflation remains high—especially core inflation , which excludes food and energy prices but does include shelter and electricity costs. As of last Friday morning, fed fund futures , which are derivatives based on the federal funds rate, were trading as high … [Read more...] about The Great Portfolio Reset – Live from Investor Connection

Share to Twitter Share to Linkedin As a youth football player in Seminole, Fla., Keith Kunzig played on a team named the Falcons. In November 1977, three days after Thanksgiving, his father took him to his first football game, a matchup between the Tampa Bay Buccaneers and, yes, the Atlanta Falcons. A 10-year-old Kunzig enjoyed seeing quarterback Steve Bartkowski and the Falcons, but he also liked the Bucs’ creamsicle uniforms, even though the team suffered its 25 th consecutive defeat (of an NFL record 26) since kicking off their inaugural season the year before. In those early Buccaneers years of his youth, Kunzig was also fascinated with mascot Baaad Buc prancing around on the sidelines. “I look back that many years ago, and I was in awe of Baaad Buc,” he recalled, at his home in Largo, Fla. last week. “Look what it evolved into.” What it has evolved into is more than three decades of unwavering support as “Big Nasty,” one of the most … [Read more...] about Tampa Bay Buccaneers Fan Keith Kunzig Has Many Great Memories In 35 Years As ‘Big Nasty’

Share to Twitter Share to Linkedin You can always bet on Pakistan being entertaining – on-and-off field. Ahead of a crux T20 World Cup for them, Pakistan is amid trademark upheaval. Respected Pakistan Cricket Board (PCB) chief executive Wasim Khan abruptly resigned on Wednesday with four months left on his three-year contract. He had reportedly been unhappy with his power being curtailed by new chairman Ramiz Raja, the flamboyant former skipper who had since retirement pivoted to being an influential voice as a high-profile broadcaster. ‘Rambo’, a regular member of the team’s heyday of the ‘80s and ‘90s, has come out all guns blazing in his new role including calling for a complete overhaul of Pakistan cricket and lambasting the ‘western bloc’ of international cricket in the wake of England’s much-maligned pull out of their upcoming limited-overs tour of Pakistan. Ramiz was always going to make significant changes – most newcomers do - but he’s … [Read more...] about Pakistan Cricket Continues To Be In Upheaval After CEO Wasim Khan Steps Down

Share to Twitter Share to Linkedin Andrew Gilligan, until recently Prime Minister Boris Johnson’s special advisor on transport, has accused Greater Manchester Mayor Andy Burnham of “cowardice and feebleness” for not pushing on with a clean-air zone for Central Manchester. Gilligan was speaking at a fringe event at the Labour Party conference in Liverpool on September 26. He mocked Burnham as the “great radical Labour hero” who, although he had an overwhelming mandate to change Manchester for the better, didn’t have the “political strength” to implement a clean-air zone in the city . “That is the kind of level of cowardice and feebleness that [the last Tory administration had to deal with,]” added Gilligan, speaking to the Policy Exchange event remotely. Burnham “can talk the talk,” continued Gilligan, but “actually walking the walk, even in a tiny way—he’s not up for it.” The Greater Manchester Mayor came out against a scheme to charge … [Read more...] about Greater Manchester Mayor Andy Burnham Accused Of Transport Policy Cowardice By Former Number 10 Special Advisor Andrew Gilligan

(File image) As the political crisis deepens in Congress-ruled Rajasthan, the party’s high command has engaged the services of veterans Kamal Nath, Ajay Maken, and Mallikarjun Kharge to break the deadlock. At the root of the problem is the tussle between two state strongmen, Ashok Gehlot, the present chief minister, and Sachin Pilot, the next-gen leader whom the party’s central leadership had proposed as a replacement for Gehlot, who has to vacate the CM seat if he is elected party president. Over 90 MLAs believed to be loyal to Gehlot submitted their resignation to Rajasthan Assembly Speaker C P Joshi on Sunday evening to stall Pilot’s CM ambitions. After the state factional feud erupted in the full public glare, current party president Sonia Gandhi on Monday called senior Congress leader Nath to her 10, Janpath residence to thrash out the issue. According to a person aware of the matter, “Kamal Nath, who is known to have close ties with Ashok Gehlot, was told to … [Read more...] about Congress engages senior leaders to end Rajasthan crisis

- A + A KUALA LUMPUR (Sept 27): Ivory Properties Group Bhd, which is based in Penang, announced on Tuesday (Sept 27) that a third subsidiary has defaulted on a loan payment, this time for a sum of RM39 million to Malayan Banking Bhd (Maybank), which was raised to part finance the purchase of land for a project. The wholly-owned unit, Ivory Meadows Sdn Bhd (IMSB), cannot meet its payment obligation, as its cash flow was affected following the delay in the project’s launch due to the impact of the Covid-19 pandemic, according to Ivory Properties. “The company’s support for Ivory Meadows was also affected due to limited available cash, which was used to sustain the group’s operations and defray overhead,” Ivory Properties said in a bourse filing. It said it has yet to receive notices of demand or default from Maybank, so there is no legal implication at this stage. The default, it said, also posed potential cross default on other banking facilities granted to the … [Read more...] about Ivory Properties defaults on another loan, this time with Maybank for RM39 mil

- A + A SINGAPORE (Sept 27): An intense competitive battle is starting to take shape in Southeast Asia's electric vehicle (EV) market between incumbent Japanese automakers and new entrants from China, Korea, and domestic players in the region. With a population of about 675 million, this is a prize worth fighting over. Annual passenger vehicle sales in the region are expected to more than double by 2040 to about five million as the population and these economies grow. Today, affordable cars from Japanese brands including Toyota, Honda, Mitsubishi, Daihatsu, and Mazda dominate the passenger vehicle market. About 78% of all cars and sport utility vehicles sold in 2019 in Indonesia — the largest auto market in the region — were priced below US$20,000 (RM92,211). The passenger EV market in Southeast Asia is still small. Fewer than 16,000 EVs were sold in the region last year out of the 6.6 million delivered worldwide. However, the shift to EVs is opening … [Read more...] about Chinese carmakers pour into one of the next EV growth markets

I’m about to tell you something completely counterintuitive for hiring managers: With stock prices falling, a recession looming, and layoffs mounting, now is not the time to stop investing in employee happiness. advertisement advertisement We are at a critical juncture where managers and HR teams need to consider how to help their surviving employees—the left-behinds— deal with the potentially debilitating aftermath of layoffs, numerous resignations, and economic uncertainty. We commonly think of layoffs as a cost-saving measure, but how we proceed after a downsizing event could cost us even more. The price could be lost employee engagement, productivity and, ultimately, revenue. Studies show that a whopping three-quarters of employees who survive a corporate layoff say their own productivity declined. They’re also more likely to leave; bigger layoffs produce bigger turnover spikes. Those who stay with the company might not feel … [Read more...] about 5 ways to boost employee morale after a brutal round of layoffs

A digital screen at Gimpo International Airport shows flights from Japan on Tuesday. [NEWS1] Airlines are adding more flights to and from Japan as the country opens visa-free travel and Koreans rush to fly abroad. Asiana Airlines announced Tuesday it will bump up its Incheon-Narita flights to 12 times a week starting Oct. 30, up from the current 10 flights a week. There will be 10 Incheon-Osaka flights per week, compared to the current seven. The company said it increased flight frequencies following Japan’s decision to allow visa-free travel. Starting Oct. 11, foreigners of certain countries will be able to visit Japan for up to 90 days without a visa. Asiana Airlines will also increase frequencies of Incheon-Fukuoka flights from the current three times a week to seven from Oct. 30. Flights between Incheon and Nagoya will be offered three times a week, compared to the current two times a week. The carrier currently only offers 29 flights to and from Japan every week, only … [Read more...] about Korean airlines add more flights to Japan as demand increases

Share to Twitter Share to Linkedin Leica is announcing its fourth annual Leica Women Foto Project Award, in partnership with Photoville , Aman New York and Women Photograph , calling for photo entries until November 7. This year the contest will include participants from the United Kingdom, Mexico, and Canada, in addition to the United States. The prize? One winner from each region will receive a cash award of $10,000, in addition to a Leica SL2-S camera and a Leica Vario Elmarit-SL 24-70mm lens. But this noteworthy project is just one of the many ways that Leica has remained pertinent in an ever-changing landscape—a course familiar to this German company, founded by Ernst Leitz in Wetzlar in 1869. For over 150 years—through world wars, emerging competition, transformative technologies, and fruitful collaborations—the company has rolled with the times. And it continues to explore the depths of design and good business while maintaining its position as … [Read more...] about Still Relevant In An Evolving Environment: Leica Protype Sets Record of $15 Million