Share to Twitter Share to Linkedin As seven of the world’s wealthiest nations meet, it has been revealed that billions of dollars in aid for the poorest countries are being rerouted into climate finance, with G7 nations appearing to indulge in what amounts to a form of creative accounting with regard to their international commitments. A new report from the charity CARE shows that, rather than providing additional money to help developing nations respond to climate change as promised under international agreements, wealthy states like the U.S., Canada and France are consistently overreporting the amount of money they’re providing, while diverting money meant for other development programs. In total, CARE found that an estimated $103 billion of climate finance reported by G7 nations has simply been siphoned straight out of development aid budgets, including funds intended for health, education, gender equality and poverty alleviation. Between 2011 and … [Read more...] about As G7 Meets, The World’s Richest Nations Water Down Aid And Climate Finance
Lic finance housing recruitment 2018
3 Possible Solutions To Housing Booms And Busts
Share to Twitter Share to Linkedin Changes in demand caused by the pandemic were, of course, a big part of the house price boom but two years of falling mortgage rates was the main reason house prices skyrocketed in 2020 and 2021. Rates fell from 4.9% in November 2018 to 2.7% in January 2021, the lowest rate ever on 30-year fixed-rate mortgages. Is there a sector of the economy that is more sensitive to changes in interest rates than buying houses? When you borrow 95% of the price of the largest purchase of your life for 30 years, interest rates have a huge impact on how much you can pay for a house and, therefore, on house prices in general. In January 2021, you could borrow 32% more money to buy a house than you could in November 2018 with the exact same monthly principal and interest mortgage payment. House buyers, both investors and live-in buyers, could borrow a lot more money with the same payment, so naturally, over time, they bid up house prices. … [Read more...] about 3 Possible Solutions To Housing Booms And Busts
Disney And Universal Pledge To Build Affordable Housing To Help Slow Down Housing Crisis
Share to Twitter Share to Linkedin Disney is committing 80 acres of its land in Florida towards affordable housing. A third-party developer has pledged to build 1300 homes across the area. According to a statement from Disney, the residences shall reportedly be “affordable and attainable” and will be available for “qualifying applicants from the general public , including Disney cast members.” Jeff Vahle, President of Walt Disney DIS World Resort, said about the project: “We are invested in working together with our community to solve complex issues. The lack of affordable housing is affecting many people across our country, including right here in Central Florida.” “With this initiative, we’re lending a hand to make a real and meaningful impact in our community by tapping into the best of our company’s strengths. This is the right opportunity and the right time to take action.” The announcement of the project has also re-ignited … [Read more...] about Disney And Universal Pledge To Build Affordable Housing To Help Slow Down Housing Crisis
Don’t try to time the market, advises Siddharthaa Bhaiya of Aequitas
Siddharthaa Bhaiya, Managing Director and Fund Manager of Aequitas, said their investment philosophy is guided by a multibagger approach that identifies long-term potential through extensive in-house research. They invest in Indian listed equities in small and mid cap space and identify companies that are leaders by way of margin or sales in their respective sectors. Siddharthaa Bhaiya added that they hold stocks through their entire wealth creation journey making average holding period approximately 4-5 years. In an interview to Moneycontrol, he said they do see potential in the auto space. Here are edoited excerpts from that interview: What is your investment philosophy and what is your suggestion to the new-age investors? Close Don't try to time the market : As famously said by Peter Lynch: “Far more money has been lost by investors trying to anticipate corrections, than lost in the corrections themselves.” Nobody can predict what is going to happen … [Read more...] about Don’t try to time the market, advises Siddharthaa Bhaiya of Aequitas
Why Brandalism Has Become A Luxury Brand’s New Best Friend
Share to Twitter Share to Linkedin With the blueprint for luxury fashion retail sprouting unprecedented new contours - fueled both by streetwear’s freshly gilded edge and millennials’ disregard for heritage without innovation, edge or obvious purpose - it’s perhaps unsurprising that an appreciation of off-piste brand behavior is booming. From bastardized logos to rough and ready email marketing - galvanized by a coterie of potshot-taking Insta-famous artists that are even buddying up with the brands they satirize - subverting or dismantling formerly sacred brand codes is swiftly becoming a fast-track to modernity While a respect for heritage (as we traditionally know it) isn’t dead, it’s certainly no longer solely enough to satisfy younger, ‘digitally native’ luxury appetites, who according to a globally-reaching 2017 survey by Deloitte have more impulsive spending habits than ever before ( almost 20% buy simply to treat themselves ) and regard quality and … [Read more...] about Why Brandalism Has Become A Luxury Brand’s New Best Friend
Japan says hard to confirm impact from Russia’s debt default
Japanese Finance Minister Shunichi Suzuki - A + A TOKYO (June 28): Japanese Finance Minister Shunichi Suzuki said on Tuesday that it was "a little difficult" at present to confirm the definite impact on Japan from Russia's debt default. Suzuki, who commented on the issue after being asked about it by reporters at a news conference following a regular cabinet meeting, added that any moves in Russian government bonds were likely to have a limited impact on Japanese investors. "The ratio of investments in Russia as part of Japan's overall foreign bond investments is limited," Suzuki said. "Moves in Russian government bonds are likely to result in limited direct losses for Japanese investors, including financial institutions," he said. The White House and Moody's credit agency on Monday said Russia had defaulted on its international bonds for the first time in more than a century. The Kremlin, which has the money to make payments thanks to oil and gas … [Read more...] about Japan says hard to confirm impact from Russia’s debt default
Songbirds Perceive Color In Categories Like People Do
Share to Twitter Share to Linkedin Birds perceive colors in categories just like humans do: a recent study shows that zebra finches perceive red or orange, even when reality is a shade somewhere in between A female zebra finch (Taeniopygia guttata) with colored discs that she had been trained to flip ... [+] over. The birds were rewarded with a food treat hidden underneath if they flipped over a bicolored paper disc, whereas a solid-colored disc revealed nothing. (Credit: Ryan Huang / Terra Communications, LLC) Ryan Huang / Terracommunications, LLC When you look at a rainbow, do you see bands of specific colors, or do you see a continuum of colors? Most people see distinct bands of colors, despite the fact that the rainbow itself is a continuum across the entire visible spectrum of color. Why do we see what isn’t there? Considering the amount of information reaching our sensory organs every second, it could easily become overwhelming if we … [Read more...] about Songbirds Perceive Color In Categories Like People Do
Why IPOs of 2019 Won’t Crash Like 2000 Dotcom Bubble
The 2019 IPO wave, which is on track to raise even more money than the record year of 2000, is likely to avoid the disastrous stock meltdown seen after the infamous 2000 Dotcom Bubble , according to several experts. While many are concerned about large losses at companies such as Lyft Inc., the first of the LUPA companies expected to go public this year, a meltdown is unlikely to occur for several key reasons, per the Wall Street Journal . Why IPOs of 2019 Will Survive (Comparison of 2019 IPOs vs. 2000 IPOs) Company Age: 12 years vs. 4-5 years Company Size in Annual Sales: $174 million vs. $12 million Source: IPO Expert Jay Ritter, per WSJ Older, Bigger In 1999, 547 companies hit the public markets, raking in a total of $107.9 billion, per Dealogic. Now, bankers who arrange IPOs say 2019 may surpass that total, with more money raised by fewer but bigger names like Pinterest Inc., Slack Technologies Inc., Uber Technologies Inc. and Postmates Inc. These … [Read more...] about Why IPOs of 2019 Won’t Crash Like 2000 Dotcom Bubble
Australia’s foreign minister to visit Malaysia from June 28-30
Penny Wong (Bloomberg filepix) - A + A PUTRAJAYA (June 27): Australia’s Foreign Minister Senator Penny Wong will undertake a three-day working visit to Malaysia starting Tuesday (June 28). Malaysia’s Foreign Ministry in a statement said the visit will further strengthen the longstanding close relations between Malaysia and Australia as Comprehensive Strategic Partners (CSP). It said during the visit Foreign Minister Datuk Seri Saifuddin Abdullah and Senator Wong are scheduled to meet and exchange views on various bilateral, regional and international issues of common interest. Senator Wong is also expected to meet Senior Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali and Senior Minister of Defence Datuk Seri Hishammuddin Tun Hussein to discuss among others, matters relating to bilateral cooperation in trade and investment, as well as defence. The Australian Foreign Minister will also be visiting Kota Kinabalu, where she will have … [Read more...] about Australia’s foreign minister to visit Malaysia from June 28-30
West pledges unwavering support for Ukraine as missiles strike shopping centre
People stand next to cars destroyed by a Russian missile strike, as Russia's attack on Ukraine continues, at a residential area in Kharkiv, Ukraine on June 26, 2022. (Reuters filepix by Sofiia Gatilova) - A + A KYIV (June 27): Western nations on Monday pledged unwavering support for Ukraine in the war with Russia, including more sanctions on Moscow and air-defence systems, as Russian forces closed in on the last big city still held by Ukrainian troops in eastern Luhansk province. Two Russian missiles struck a crowded shopping centre in the Ukrainian city of Kremenchuk, southeast of Kyiv, killing at least 10 people and wounding 40, senior Ukrainian officials said. "It's useless to hope for decency and humanity from Russia," Ukrainian President Volodymyr Zelenskiy wrote on Telegram. Leaders of the Group of Seven major democracies, meeting at a German alpine resort, said they would keep sanctions on Russia for as long as necessary and intensify international … [Read more...] about West pledges unwavering support for Ukraine as missiles strike shopping centre