Inflatable 49er player

(CNN) President Joe Biden on Tuesday blamed the Covid-19 pandemic and Russia's war in Ukraine for troubling economic news as he and his administration went on the defensive over mounting inflation and rising gas prices. The President's speech at the White House was advertised by his advisers as being focused on his plan to fight inflation . While Biden did speak about inflation, he spent a significant amount of time attacking Republicans for a plan put out by the head of the Senate GOP's campaign arm rather than laying out any new proposals to combat the worst inflation the country has seen in 40 years. Biden said combating inflation is his top domestic priority and acknowledged "families all across America are hurting." "They're frustrated. I don't blame them. I really don't blame them. There's a lot we have to do," Biden said. When asked by CNN's Jeremy Diamond if his administration bears some responsibility for the rising prices, the … [Read more...] about Biden goes on the defensive over inflation and gas prices as he tries to shift the focus to Republicans

While some players have expressed concern over the second wave of COVID-19 in India, others have opted out of IPL 2021 The second wave of COVID-19 cases is wrecking havoc in India, with the country reporting more than 3 lakh daily novel coronavirus infections. Cities hosting the 2021 Indian Premier League (IPL) season have also been affected. As scheduled, matches have moved from Chennai, Tamil Nadu and Mumbai, Maharashtra to Ahmedabad, Gujarat and national capital Delhi. The wave of cases has battered India’s healthcare system hard as scores of people struggle to secure hospital beds, oxygen cylinders and medicines such as Remdesivir. Follow Moneycontrol’s full coverage of the coronavirus pandemic here While some players have expressed concern over the situation, others have opted out or withdrawn from the Twenty20 league’s ongoing edition. Close COVID-19 Vaccine Frequently Asked Questions View more How does a vaccine work? A … [Read more...] about IPL 2021 | COVID-19 scare: List of players who have withdrawn, opted out so far

The Indian Premier League trophy (Image courtesy: Twitter/@IPL, BCCI) The Board of Control for Cricket in India (BCCI) on April 27 said it would do everything to ensure that foreign players competing in the Indian Premier League (IPL) reach their respective countries seamlessly once the tournament ends, a day after three Australians quit the event amid an upsurge of COVID-19 cases in India. Andrew Tye (Rajasthan Royals) and the duo of Kane Richardson and Adam Zampa (both Royal Challengers Bangalore) withdrew as apprehension set in after a couple of weeks went by smoothly for the league held in front of empty stands across six venues. "We understand that many of you are apprehensive about how you will get back home once the tournament concludes… We want to apprise you that you have nothing to worry about," BCCI COO Hemang Amin said in a letter addressed to the players. "The BCCI will do everything to ensure that you reach your respective destinations seamlessly. The BCCI is … [Read more...] about IPL 2021 | We’ll ensure you reach home seamlessly once event ends: BCCI assures foreign players amid COVID-19 scare

Share to Twitter Share to Linkedin With inflation on the loose, we’ve turned to experts for four strategies to help you beat rising prices, at least in your portfolio. As it turns out, you don’t need to abandon stocks to hedge against inflation entirely. Instead, you can just shift some funds from the sectors you hold now over to the ones that are likely to benefit from an inflationary environment. 1. Stocks in Companies Providing Basic Supplies One area to shelter your portfolio from inflation is in companies providing basic supplies. They’re always in demand, which makes it possible for suppliers to raise prices in step with inflation. “Inflation is at near-term historic highs and investors are looking for the best ways to protect from it,” notes Sankar Sharma, Investing Authority and the Founder of RiskRewardReturn.com . “Where there is a problem there is a solution. Investors can invest in the consumer staples, energy, utilities, … [Read more...] about 4 Expert Inflation Protection Strategies To Implement Now

Share to Twitter Share to Linkedin Inflation is becoming a problem. Whether it becomes a long-term structural one or dissipates after the pandemic, no one knows. As the old saw goes, economic forecasts make tarot cards appear respectable. Jack Dorsey recently predicted hyperinflation , an exponential decrease in the value of paper money akin to what happened in the Weimar Republic in the 1920s—or Zimbabwe in 2007 . For that to occur, monetary policy would have to ignore the problem, failing to raise rates as the data required. A Fed that lacks political independence could make this mistake, but it’s a low-probability outcome. Even double-digit inflation—in a throwback to the seventies—is unlikely, but possible. After all, economic conditions, like bellbottoms, go in and out of fashion. The most likely scenario is some prolonged elevation to inflation (in the mid-single digits) as labor shortages and supply-chain problems continue to pressure prices. No … [Read more...] about The Best Inflation Hedge You Already Own

- A + A KUALA LUMPUR (May 26): Malaysia is expected to fork out higher total subsidies in 2022 to the tune of RM71 billion, while petrol subsidies alone will touch RM30 billion amid the rise in crude oil prices. Speaking at the World Economic Forum's Annual Meeting in Davos, Switzerland, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the higher subsidies had resulted in lower core inflation rate at 2.3%. Although inflation is on the rise, he said Malaysia is lucky because the country has commodity resources, unlike other countries in the region which do not have the opportunity to create revenue from the increase in commodity prices to cushion the impact of rising fuel prices. Tengku Zafrul was one of the panellists at a session entitled "Global Risks in an Era of Turbulence". Asked whether Asian governments were able to maintain or support the price of rice for the people, Tengku Zafrul said there is a lot of government assistance to ensure that … [Read more...] about Subsidies may touch RM71 bil in 2022, inflation contained, says Finance Minister

BlackRock President Rob Kapito claimed that an “entitled generation” will be shocked by how upcoming shortages in labor and raw materials will remove normal items from shelves. Kapito, 65, stated that recent inflation is going to keep having a significant impact on the global economy and will push an entire generation to deal with a wave of shortages, according to Bloomberg. “For the first time, this generation is going to go into a store and not be able to get what they want,” Kapito told the Texas Independent Producers and Royalty Owners Association at a conference Tuesday. “We have a very entitled generation that has never had to sacrifice.” BlackRock’s president warned of inflation’s dramatic effects, with an “entitled generation” now learning what it means to suffer from shortages https://t.co/HaybYqLAqE — Bloomberg (@business) March 30, 2022 Kapito described the economic situation as having “scarcity inflation” caused by the shortage of workers and … [Read more...] about ‘Put On Your Seat Belts On’: BlackRock President Warns ‘Entitled Generation’ Of Shortages Due To Inflation

- A + A KUALA LUMPUR (May 26): Semiconductor player Malaysian Pacific Industries Bhd (MPI) net profit in its third quarter ended March 31, 2022 (3QFY22) rose 9.4% year-on-year (y-o-y) to RM81.36 million from RM74.37 million, thanks to improved performance across all geographical segments. Group revenue rose 16.13% y-o-y to a fresh quarterly record RM611.56 million from RM526.63 million, with revenue for Asia, US and Europe segments up by more than one-fifth, it said. Quarterly earnings per share rose to 40.98 sen, from 37.55 sen. The company, part of the Hong Leong Group, declared a dividend of 25 sen per share, up from 20 sen per share in 3QFY21, bringing the total to 35 sen in the nine-month period, from 30 sen previously. While its performance improved on a y-o-y basis, MPI’s net profit of RM81.36 million was down 4.64% quarter-on-quarter (q-o-q) from its record high of RM85.32 million in 2QFY22, on the back of higher operating costs. The higher costs more … [Read more...] about MPI 3QFY22 net profit up 9% on record revenue, declares 25 sen dividend

Share to Twitter Share to Linkedin What will deliver higher returns over the next 12 months, I bonds or bitcoin? A year ago such a question would have been silly. Today, not so much. Bitcoin BTC has struggled in 2022, down more than 10%. In contrast, I bonds are set to deliver an estimated 9.62% annualized return starting next month. Here’s what you need to know. I Bond Basics First introduced in 1998, I bonds are issued by the U.S. government. Investors purchase I bonds directly from the government via the TreasuryDirect.gov website . Unlike most other U.S. bonds, however, I bonds are designed to protect savers from the ravages of inflation. They accomplish this by adjusting the interest rate twice a year (May and November) based on changes in the CPI. Two factors determine the interest rate on an I bond: A Fixed Rate and an Inflation Rate. Combining these two rates gives us what is known as the Composite Rate. Today the Fixed Rate is … [Read more...] about I Bonds Set To Deliver Historic 9.62% Interest Rate

Share to Twitter Share to Linkedin Topline The Central Bank of Russia cut key interest rates on Thursday as officials push to soften the blow of Western sanctions and surging inflation hammering the country’s economy, a day after President Vladimir Putin vowed double-digit increases to pensions and the minimum wage and denied the problems were linked with Moscow’s invasion of Ukraine. Key Facts The Central Bank of Russia (CBR) cut its key interest rate from 14% to 11%, the bank announced after an extraordinary meeting on Thursday. The bank said slowing inflation and the ruble’s strong performance influenced its decision, though it noted “external conditions for the Russian economy are still challenging.” The 300 basis point drop marks the third time the bank has slashed the key interest rate since it enacted an emergency jump from 9.5% to 20% following Russia’s invasion of Ukraine. The bank’s announcement comes a day after Putin … [Read more...] about Russia Cuts Key Interest Rate—And Boosts Pensions, Minimum Wage—But Denies Ukraine Invasion Is Responsible For Economic Woes