Weekly Market Review: June 22, 2020

first_imgFed Chairman Jerome Powell was blunt with his assessment of the U.S. economy during testimony before House and Senate committees last week. He admitted that the nation may be experiencing significant improvement in the number of employed Americans, but that the labor market will end up “well short” of the strong employment levels seen just before the pandemic hit the U.S. in early February 2020 (source: Federal Reserve).The United States has never seen or required monetary action like the programs initiated by the Federal Reserve in the last 100 days. Wall Street “talking heads” have described that the Fed is “adding liquidity” to ensure that the financial markets don’t “freeze up.” What that really means: The Fed is printing money digitally (as much as $5 trillion by the end of 2021) and using the newly created funds to provide short-term credit lifelines to municipalities, states and businesses both big and small. This unlimited central bank support has likely taken the fear of a default off the table (for now) for thousands of entities in both the public and the private sector(source: BTN Research).The moratorium imposed by Congress to prevent lenders from repossessing homes from delinquent homeowners who have “federally-back mortgages” was extended last week from 6/30/20 to 8/31 /20. An average of 9,974 homes per month were repossessed by lenders during the first quarter of 2020 before the ban was implemented. Just 5,490 homes were repossessed in total during April and May (source: Attom Data Solutions).Notable Numbers for the Week:WILL NEED TO KEEP WORKING – 71 % of 1,008 American adults surveyed in late April 2020 say that the COVID-19 pandemic has negatively impacted their retirement plans. 51 % say that the pandemic has also forced them to be “more open” to the idea of having some type of income-paying job during retirement (source: TD Ameritrade).MISS THE OFFICE – 1 in 3 American workers (32%) surveyed in May 2020 does not want to “work from home” when the option to return to an office environment is offered (source: Deutsche Bank Research).PANDEMIC DEATHS – 4,617 Americans died from the COVID-19 pandemic in the one-week ending Friday 6/19/20 as of 9am ET, bringing the national death total to 119,187. The 4,617 deaths were the smallest“Friday-to-Friday” death total recorded since Friday 3/27 /20 or three months ago (source: NBC Meet the Press, First Read).THE U.S. DOLLAR IS KING – 61 % of the world’s foreign exchange reserves, i.e., cash holdings of central banks around world, were held in U.S. dollars as of the end of calendar year 2019 (source: International Monetary Fund).Mark R. Reimet, CFP®CERTIFIED FINANCIAL PLANNER™Jodie BoothFinancial Advisorlast_img read more

Statutory guidance: The Health Service and Social Care Workers (Scrutiny of Coronavirus-related Deaths) Directions 2020

first_imgThese directions ensure that NHS trusts and NHS foundation trusts seek and prioritise the services of medical examiners to scrutinise the deaths of health service and adult social care staff from coronavirus.last_img

Ulrick & Short marks 20th anniversary with revamp

first_imgBakery ingredients supplier Ulrick & Short has marked its 20th anniversary with a brand revamp and charity fundraiser.Ulrick & Short has refreshed its branding to reflect its growth and core values, including a new colour scheme, revamped logo design and new strapline ‘Knowledge. Service. Experience’.Andrew Ulrick and Adrian Short founded the ingredients specialist in 2000. Ulrick & Short is an international supplier with a head office and labs in the UK, an EU base in the Netherlands and distribution networks across Europe and Asia.“Authenticity of service has been driven through the business, and giving our customers the best possible experience is entrenched in our culture. This care is something which comes about by carefully choosing the right people to fit into our culture and team,” said Short.“Our team have an incredible depth and breadth of experience between them. We support customers in a very hands-on way, from kitchen concept through to factory production. This brand refresh re-emphasises these core beliefs.”Ulrick & Short is also raising £20,000 for The Trussell Trust, a charity targeted at ending hunger and poverty in the UK by providing emergency food and support to people in crisis.“The Trussell Trust is a fantastic charity and, unfortunately, the need for such charities is as high as ever. We wanted to take this opportunity to thank our team, customers and suppliers who have generously helped us raise money so far,” added Ulrick.To help the ingredients specialist reach its goal, consumers can donate to its JustGiving page.Ulrick & Short supplies bakery manufacturers with clean-label, gluten-free, non-GM and organic ingredients.last_img read more

Dopapod Invites Special Sit-Ins During Fairfield Sunday Show [Full Audio]

first_imgLast night, Dopapod proved the old adage “Never Miss A Sunday Show” true, with an epic Sunday performance at The Warehouse in Fairfield, Connecticut. Supported by Aqueous, the show was certainly a heater from start to finish. Dopapod’s performance also featured Adrian Tramontano on percussion, as well as sit-ins by Aqueous’s Mike Gantzer on guitar and Dan Africano of John Brown’s Body and Elephant Wrecking Ball on bass.The band was dialed in from the get-go, though certainly heated up throughout. “Braindead” and a reggae-version of “Nerds” only contained the middle and ends of the songs, completing the tracks from their show the night before. A giant “Donkey Kong” and “Trickery” sandwich occupied the majority of the latter half of first set, with the band weaving “Donkey Kong” and “Trickery” around one another and centerpiece “Dracula’s Monk.”The five-song second set gave Dopapod even more space to get exploratory with their jamming. They opened up the set with “Picture in Picture,” taking advantage of their two drummers for the evening with a drum jam during this number. Dan Africano came out for the next number “PLSS” and added a little extra bass to the track, before leaving Dopapod to do their thing for the non-stop jam sequence that closed out the night.The encore was massive to say the least and featured a cameo by Mike Gantzer of Aqueous during “Freight Train Filled With Dynamite.” Showing off their musical abilities, the final number featured a bunch of instrument switches as Dopapod and Gantzer worked through the song and worked in teases of the Grateful Dead’s “Shakedown Street.”You can check out the setlist below, courtesy of Dan DeBarr of Dopafam. You can also listen to Aqueous’ and Dopapod’s full performances below, courtesy of uploader Matt Moricle.[Cover Photo: Andrew O’Brien, Dopapod at the Brooklyn Bowl, 3/23/2017]Setlist: Dopapod | The Warehouse | Fairfield, CT | 4/9/2017Set One: Give it a Name, Super Bowl, Braindead (1) > Nerds (2), Weedie, Donkey Kong (3) > Trickery > Dracula’s Monk > Donkey Kong > Trickery Set Two: Picture in Picture (4), PLSS (5) > Bahbi > Whale (I am) > Cure (6)Encore: We Are Not Alone (7), Freight Train Filled With Dynamite (8)Notes: This show featured Adrian Tramontano on percussion; (1) middle/ending only completes 4/8 version, (2) reggae version, completes 4/8 version (3) X-Files teases, (4) drum jam, (5) Dan Africano (Elephant Wrecking Ball) on bass, (6) Waves (Phish) tease, (7) Luke’s first birthday of the year (8) Shakedown Street teases; Adrian on drums and Fro on percussion to start, followed by a million different instrument switches and Mike Gantzer joining for a bit. Ended as Dopapod proper w/Adrian back on percussion.AqueousDopapodlast_img read more

HKS receives $20.5M for Asia studies

first_imgEchoing a period of tremendous economic growth and political transformation in East Asia, the Harvard Kennedy School (HKS) has announced a $20.5 million gift to launch an important initiative designed to expand and strengthen the School’s support of policy research and educational programming in Asia.The permanently endowed Rajawali Foundation Institute for Asia will bring together academics and practitioners from around the world to enhance research, teaching, and training on public policy and governance issues of critical importance in Asia. A separate gift establishes a Harvard Kennedy School Indonesia Program within the institute, which will promote research, education, and capacity building in support of democratic governance and institutional transformation in Southeast Asia. As the world’s largest majority Muslim country, Indonesia is an important model for positive institutional change.The institute and program will be housed in the newly renamed Ash Center for Democratic Governance and Innovation.“The Rajawali Foundation Institute for Asia at Harvard Kennedy School will create opportunities for Harvard scholars and students to work with people and institutions throughout the Asian continent,” said Harvard University President Drew Faust. “It will serve as a hub for policy research, education, and dialogue on a region that continues to grow in political and economic influence.”“We are deeply grateful for this generous gift to the Kennedy School,” said Dean David T. Ellwood. “Asia has experienced dynamic growth and change over the past two decades, enhancing the region’s influence on international policy and discussions while also increasing the challenges facing governments throughout the region. The new institute and program at the Ash Center will help enrich the policy dialogue among scholars, students, policymakers, and Asian leaders throughout many levels of government, business, and civil society.”“I would like to express my sincere appreciation to Dean Ellwood and Director [Anthony] Saich for making this moment possible,” said Peter Sondakh, chairman of the Rajawali Foundation. “We are embarking on a very important relationship. Establishing the Rajawali Foundation Institute for Asia will open new opportunities both at the Kennedy School and in the region of Asia. For those of us at Rajawali, it is our hope that this institute will be a valuable instrument for deepening understanding of Asia, exploring possibilities for innovation, and advancing important initiatives that will affect millions of lives in Asia.”The institute will link existing Kennedy School programs focusing on Asia, such as the China Public Policy Program, the Vietnam Program, and Asia Vision 21. Asian scholars and practitioners will spend time at the center as research fellows, attending symposia and participating in executive education and policy dialogue programs. The HKS Indonesia Program will host Indonesian scholars and policymakers who will undertake research fellowships and attend both degree courses and executive education programs. Harvard scholars will collaborate with Indonesian colleagues in Indonesia and will participate in events both in Indonesia and at Harvard.Anthony Saich, director of the Ash Center for Democratic Governance and Innovation, said, “We are indebted to the Rajawali Foundation for their support in establishing the Rajawali Foundation Institute for Asia and the Harvard Kennedy School Indonesia Program. The newly created institute promises to strengthen our teaching capacity and enhance our center’s public policy research and expertise, not only in Indonesia but throughout Asia, encouraging ongoing dialogue and knowledge sharing among key policymakers, faculty, and students.”The Ash Center for Democratic Governance and Innovation advances excellence in governance and strengthens democratic institutions worldwide. Through its research, education, international programs, and government innovations awards, the center fosters creative and effective government problem solving and serves as a catalyst for addressing many of the most pressing needs of the world’s citizens.last_img read more

Schwarz earns prestigious architecture award

first_imgArchitect David M. Schwarz was selected as the recipient of the 2015 Richard H. Driehaus Prize at Notre Dame. The $200,000 award, which will be presented at a ceremony in Chicago on March 21, recognizes an architect whose work demonstrates classical and sustainable architecture in modern urban society.“My goal in establishing the prize was to recognize excellence in architecture that communicates enduring humanist values,” founder and chief investment officer of Driehaus Capital Management LLC Richard H. Driehaus said.Michael Lykoudis, Driehaus Prize jury chair and Francis and Kathleen Rooney Dean of Notre Dame’s School of Architecture, said the award fosters the classical architectural principles of “permanence, durability, beauty, but also utility.”“In a world where all you hear is about constant change for change’s sake — a world in which fad trumps any sense of purpose — consumption is the rule of the day; waste is the outcome of that consumption,” Lykoudis said. “This prize basically values conservation of resources and of ideas and investment. Cities are investments in the future.”Schwarz, who is president, founder and CEO of David M. Schwarz Architects, Inc. in Washington D.C, said the award is “the equivalent of the Nobel Prize for the kind of architecture I practice.”The Driehaus Prize is accompanied by the Henry Hope Reed Award, presented annually to a non-architect committed to the principles of traditional urban design and development.This year’s recipient, environmental health expert Dr. Richard J. Jackson, said architecture is closely related to the wellbeing of society and “has enormous influence on people’s health and happiness.”“When we build, when we create places, we should put people in the center of what we build,” he said.Schwarz said his firm always considers the impact of its designs on people and the community as a whole, both regarding sustainability and beauty.“We are very interested in having our design promote community,” Schwarz said. “Architecture can divide people or bring them closer together.”Some of Schwarz’s more notable designs include the American Airlines Center in Dallas, the Nancy Lee & Perry R. Bass Performance Hall in Fort Worth and the Palladium at the Center for the Performing Arts in Carmel, Indiana, Lykoudis said.Lykoudis said the value of classical architecture and the work of Schwarz and previous recipients of the award lies in its public appeal.“If a building is loved it remains,” Lykoudis said. “That’s the best kind of sustainability you can have.”Driehaus said that in recognizing Schwarz and previous laureates, the award complements the principles of the Notre Dame School of Architecture.“The prize rewards the same qualities in the practice of architecture that Notre Dame emphasizes in architectural training,” Driehaus said. “Educating young architects to build for long-term values, and recognizing those values where they appear in the work of mature architects, are two sides of the same coin.”Tags: 2015 richard h. driehaus, award to architect, david m. schwarz, david m. schwarz architects, Driehaus capital management LLC, henry hope reed award, Richard H. Driehauslast_img read more

Final Tony Award Eligibility Rulings Have Been Announced!

first_img Andy Karl will be considered eligible in the Best Performance by an Actor in a Leading Role in a Musical category for his performance in Rocky. LaTanya Richardson Jackson will be considered eligible in the Best Performance by an Actress in a Leading Role in a Play category for her performance in A Raisin in the Sun. Check out the decisions below. View Comments Santino Fontana and Tony Shalhoub will be considered eligible in the Best Performance by an Actor in a Leading Role in a Play category for their respective performances in Act One. Hedwig and the Angry Inch will be considered eligible in the Best Revival of a Musical category. The Roundabout revival of its 1998 production of Cabaret is eligible as Best Revival of a Musical, however the creative team is ineligible. Alan Cumming, who won a Tony for the role in 1998, is ineligible. The rest of the cast is eligible. Lady Day at Emerson’s Bar & Grill will be considered eligible in the Best Revival of a Play category. The Cripple of Inishmaan will be considered eligible in the Best Revival of a Play category. Violet will be considered eligible in the Best Revival of a Musical category.center_img Ramin Karimloo and Will Swenson will be considered eligible in the Best Performance by an Actor in a Leading Role in a Musical category for their respective performances in Les Misérables. Tyne Daly and Frederick Weller will be considered eligible in the Best Performance by an Actress/Actor in a Leading Role in a Play categories for their respective performances in Mothers and Sons. Colin Donnell, Alexander Gemignani and Joshua Henry will be considered eligible in the Best Performance by an Actor in a Featured Role in a Musical category for their respective performances in Violet. The 2014 Tony Awards are just weeks away! The nominations will be announced by Jonathan Groff and Lucy Liu on April 29 at the Paramount Hotel’s Diamond Horseshoe and the winners announced in a live telecast on June 8 on CBS, hosted by Hugh Jackman. Let the countdown begin! The Tony Awards Administration committee has met for the fourth and final time this 2013-14 season and made eligibility rulings on 18 productions, including: All the Way, Rocky, Aladdin, Les Miserables, Mothers and Sons, If/Then, A Raisin in the Sun, The Realistic Joneses, Bullets Over Broadway, Lady Day at Emerson’s Bar & Grill, Of Mice and Men, Act One, The Cripple of Inishmaan, Violet, The Velocity of Autumn, Hedwig and the Angry Inch, Casa Valentina and Cabaret. All other decisions were consistent with the shows’ opening night credits. The committee previously discussed eligibility for 22 productions this season. Zach Braff will be considered eligible in the Best Performance by an Actor in a Leading Role in a Musical category for his performance in Bullets Over Broadway. Adam Jacobs and Courtney Reed will be considered eligible in the Best Performance by an Actor/Actress in a Leading Role in a Musical categories for their respective performances in Aladdin.last_img read more

Hurricanes hit onions

first_imgBy Dan RahnUniversity of GeorgiaLast year’s devastating hurricanes are hitting Vidalia onionsnow. The effect is troublesome at the moment, but the potentialfor Georgia growers is scary.”We’re still planting a few onions,” said Reid Torrance, theUniversity of Georgia Cooperative Extension coordinator inTattnall County and an area onion agent. “The primary reason isthat so much of our labor force has gone to Florida and Louisianacleaning up behind hurricanes.”Vidalia onion planting is behind schedule in Tattnall County. Andfarmers there grow more of the sweet, specialty onions than inany other county in the official growing region.Labor crews that normally have 40 workers are showing up with 15or so. “And when heavy rains come through and everything comes toa standstill for a while, we tend to lose more of our laborforce,” he said.The real problemThe labor shortage isn’t a big problem — for now. “We don’t mindhaving to plant a few onions in January,” Torrance said. “Somegrowers are helping their neighbors finish up. We’re doing OK.”The real concern, he said, “is if we have a labor shortage laterthis spring.” That would be a vastly more serious problem. TheVidalia onion harvest starts in just three months.”We will not be through cleaning up after hurricanes in threemonths,” Torrance said. “And with Vidalia onions, when it’s timeto go, we have to go. We have to get those onions out of thefields and out of the weather.”Harvested and stored properly, Vidalia onions have a fairly longshelf life for consumers. But for farmers, the window forharvesting and processing the sweet onion crop is small.”We have tended not to maximize the potential of mechanicalharvesting,” Torrance said.Machines?Some onion growers have mechanical harvesters. But for a numberof reasons, as long as the labor is here, they prefer to harvestby hand. “Some are looking harder at mechanical harvesting now,though,” he said.Some growers, he said, contract for laborers through the H-2Aprogram, a process, run by the U.S. Department of Labor, ofsecuring farm workers from other countries. These growers’ laborcosts more, but the contracts leave them in a good position in alabor-shortage year like this one.A slight shortage of transplants has delayed planting a bit, too.”We really didn’t produce the volume of plants that we thought wehad,” he said. But the transplants aren’t a problem. Many Georgiagrowers have additional plants grown on contract in Arizona andTexas.Crop looks goodFor the moment, the season’s Vidalia onion crop is looking good,Torrance said. Growing conditions have been favorable, and mostfields have good stands of onions that are growing well. Somefields, however, show signs of two viruses that are relativenewcomers to the Georgia crop.The tomato spotted wilt and iris yellow spot viruses were firstdetected in Vidalia onions in 2004. Torrance and other UGAExtension agents and scientists are helping growers identifyinfected plants. So far, the viruses haven’t caused any yield orquality losses in Vidalia onions.”We continue to be concerned about these viruses,” Torrance said,”because they’re here and we know how much they’ve hurt otherareas. So far, though, our losses have been minimal. We hope itstays that way.”(Dan Rahn is a news editor with the University of GeorgiaCollege of Agricultural and Environmental Sciences.)last_img read more

‘It’s a great feeling to be part of a family like this’ – Thomas Partey sends message to fans as he speaks out on Arsenal move

first_imgThe 27-year-old will link up with his new team-mates when he returns from international duty with Ghana, and admitted he has been taken aback by the love he has received from fans over his move.AdvertisementAdvertisementADVERTISEMENT Visit Advertiser website GO TO PAGE 1/1 by Metro Partey is delighted to be joining Arsenal (Picture: Getty Images)Thomas Partey has thanked Arsenal fans for their overwhelmingly positive reaction to him making the switch to the Emirates Stadium and says it’s a ‘great feeling’ to be part of the Gunners family.The midfielder completed a deadline day move from Atletico Madrid to Arsenal as the north London club activated his £45 million release clause.Partey was Mikel Arteta’s priority transfer target this summer and arrives with a wealth of experience having spent five seasons in Atletico’s first team. Skip Ad PLAY ‘Hello, Gunners, thanks so much for the love, for the messages I’ve received,’ Partey said in a message on Arsenal’s Twitter account.‘I can’t wait to be part of you guys, I can’t wait to join team.‘It’s a great feeling to be part of a family like this. Read More Read More Video Settings deadline day move to West Ham Metro Sport ReporterThursday 8 Oct 2020 5:30 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link9.5kShares Chelsea defender Fikayo Tomori reveals why he rejected About Connatix V67539 Top articlescenter_img Read More Read More 1 min. story Skip The midfielder will wear the No.18 shirt (Picture: Getty Images)‘Thanks so much to everyone for the love, I feel so grateful and so amazed to be part of you.‘I can’t wait to join you guys and don’t forget, no Thomas, no Partey.’Arteta was keen to add Partey as he felt his side were a little short in the middle of the park, and speaking to the club’s official website, the Spanish boss praised the midfielder’s character and technical abilities. ‘We identified him a few months ago and we have been following his progress, and obviously the more you know about the squad, you know more about where you think you can improve it,’ Arteta told the club’s official website.‘We believe he has the right qualities, with his character and his personality and as well with his technical qualities and positional options that he can give to the team.More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal‘I think he allows us to play different formations and he can fit in within those formations in different positions, which is a really good thing to have in a squad where, in midfield, I think we were a little bit short.‘I have a few things in mind that I want to start to train with the team and [Partey’s signing] is going to give us a little bit more adaptability and more balance in defending and attacking transitions and the way we have to set up certain structures to attack better in certain moments of the game.’MORE: Edu explains why Matteo Guendouzi and Lucas Torreira wanted to leave ArsenalMORE: Edu reveals how Arsenal’s owners reacted to Thomas Partey transfer moveFollow Metro Sport across our social channels, on Facebook, Twitter and InstagramFor more stories like this, check our sport page SPONSORED Coming Next Full Screen Advertisement / Comment Read More ‘It’s a great feeling to be part of a family like this’ – Thomas Partey sends message to fans as he speaks out on Arsenal move Advertisementlast_img read more