Economic data from South Korea, India and Japan
More growth policies are seen as necessary for China’s economy despite the rate cuts China still needs more growth policies to stabilize its economy after the central bank unexpectedly cut its key interest rates. China’s central bank backed by Financial News said on Tuesday. The People’s Bank of China cut its 1-year policy lending rate by 10 basis points to 2.75 percent and the 7-day reverse repo rate to 2 percent from 2.1 percent on Monday. It defied economists’ expectations that the central bank would act on rate cuts. Quoting Wen Bin, chief economist of China Minsheng Bank, Financial News…
Read More »A receiver is appointed for 8 nursing homes in financial “crisis” – News
The fate of eight financially troubled Iowa nursing homes rests largely in the hands of a state district court judge and the receiver in Kansas City, Mo., appointed to oversee a dispute over $133,000 in failed payments from July rent. Rebecca Brommel, an attorney representing the facility’s operating companies, told the Des Moines Register that the companies were unable to reach an agreement with the owners on how to mitigate the additional financial impact on the nursing homes and who are in the process of finding a new “party” to take over operational control. Representatives of the eight homes, which…
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Elon University / Today at Elon / Adam Aiken Named Wesley R. Elingburg Professor of Finance
The endowed chair was established by Trustee Wesley Elingburg and his wife, Cathy, in 2007. Associate Professor of Finance Adam Aiken has been named the Wesley R. Elingburg Professor of Finance. Aiken is the third faculty member to hold the chair, succeeding finance professor Wonhi Synn, who was appointed to the chair in 2016. Adam Aiken, Associate Professor of Finance Aiken joined the faculty of the Martha and Spencer Love School of Business in fall 2015 as an assistant professor of finance and was named an associate professor in 2020. His research interests include asset management, financial institutions and performance…
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To keep China’s economic recovery on track
Since the beginning of 2022, in the face of the complex and severe international environment and the arduous domestic tasks of reform, development and stability, the Chinese government has effectively coordinated the work of prevention and control of the COVID-19 epidemic together with economic development and social of the country. . “More effective measures should be taken to achieve maximum effect in prevention and control at minimum cost, and to reduce the impact on economic and social development as much as possible,” said Chinese President Xi Jinping. in a meeting of the Permanent Committee of the Politician. Bureau of the…
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Uvalde parents demand financial transparency about school safety grants
During Monday night’s school board meeting, Uvalde citizens demanded financial transparency regarding the millions of dollars in grants announced last week to bolster school security before children return to the classroom this September “We just saw a lump sum of $100,000 here, $500,000 here,” one community member said during the Uvalde Consolidated Independent School District meeting. “Now what I’d like to see is a bigger breakdown. Okay, who is this money going to?” A School Board meeting is being held on August 15, 2022 in Uvalde, Texas. Uvalde CISD on YouTube The school board announced last week that it plans…
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Ex-Trump Org. Officer Allen Weisselberg is expected to plead guilty in a tax case
Former Trump Organization CFO Allen Weisselberg is expected to plead guilty to criminal charges related to his indictment by the Manhattan district attorney’s office in an investigation into the former president’s business dealings Donald Trump, according to two people familiar with the matter and a public document. Weisselberg’s request could come as early as 9 a.m. Thursday. Terms of the expected deal were not immediately disclosed. Weisselberg and the Trump Organization were charged as part of what prosecutors described as a 15-year “off the books” scheme to help senior Trump Organization officials avoid paying taxes. Weisselberg, 74, was accused of…
Read More »Dexter’s Melissa Joy Named One of Investopedia’s Top 100 Financial Advisors of 2022
Pearl Planning, the Michigan-based financial planning and wealth management firm on a mission to help clients achieve their financial goals, with locations in Dexter, Grosse Pointe, Birmingham and Charlevoix, is proud to announce that its president, Melissa Joy, CFP. ®, CDFA®, was named as a Investopedia 100 Best Financial Advisors of 2022. Melissa was one of three Michigan financial planners to receive this recognition and has been named to the list for three consecutive years. The annual Investopedia 100 list honors financial advisors who have demonstrated the industry’s most important skills at hand through digital presence, community presence and commitment…
Read More »Economic collapse of Xi Jinping in China
The global economy is slowing and the latest data released on Monday about China’s reduced growth will reverberate around the world. All the more so because Beijing’s response suggests its leaders are running out of ideas to stop the slide. Chinese industrial production slows to 3.8% year-on-year growth from 3.9% in June. Services: Slowed, to 0.6% growth from 1.3% a month ago. Retail sales: Growth slowed to 2.7% from 3.1% in June. Investment in fixed assets, inflation, youth unemployment are going in the wrong direction. And they’re moving south faster than economists expected [ad_2] Source link
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