Hints and tips:
...According to the IMF, almost 10 per cent — $850bn — of US life insurance assets were owned or managed by private equity firms by the end of 2021....
...“It’s not the number one thing in my life. Frankly, I think my family’s the number one thing in my life. No, well, actually, above that is the good Lord himself.”...
...To be sure, we would probably all be better off if there were less self-insurance for bad times and a greater reliance on a robust and reliable public safety net....
...The labour market may now be in the midst of a supercycle of scarcer labour and reliance on imports from China is more tenuous....
...Also, alongside the trauma of the pandemic, people have glimpsed other possibilities that raise questions of quality of life above those of consumption alone, or its euphemism, ‘standards of living’....
...Main reports Monday Pearson; Direct Line Insurance Tuesday Continental; Standard Life Aberdeen; M&G; ITV; TP ICAP Wednesday Franco Nevada; Oracle; Adidas; Lukoil; Cathay Pacific Airways; Pirelli; Legal...
...But the turmoil inflicted by Covid-19 has unsettled even the gold standard of quant funds....
...Forced technology transfers have been outlawed, ownership limits on pension management and life insurance enterprises have been relaxed....
...Bob Bowman, a former NCGA board member from eastern Iowa, says he voted for Mr Trump in 2016....
...Institutions such as Daiichi Life, a Japanese insurance company, and individual investors have invested in the bonds....
...“We now look back and say there was a certain naivety about our approach,” says Bob Ratcliffe, a former finance and insurance executive....
..., and extremely strong by historic standards....
...However, the England v France game was cancelled due to Typhoon Hagibis, the most powerful storm to hit the country in decades....
...According to the Parity Act, insurance companies cannot discriminate by imposing higher co-pays, higher deductibles or lower lifetime caps on mental health claims....
...Asia Life reported a 3% beat to consensus estimates, driven by strong growth outside of Hong Kong, US Life (3% beat) was driven by favourable DAC deceleration and Eastspring (4% beat) driven by strong revenue...
...Letter in response to this article: Time to base currencies on a unit of energy / From V J Paine, Derwen, Denbighshire, UK...
...Shares in Housing Development Finance Corporation, which has funds of Standard Life Aberdeen, OppenheimerFunds and JPMorgan among its top five shareholders, have fallen 10 per cent so far this month....
...The deal moves Standard Life away from close to a 50:50 split between life insurance and asset management to a position in which fund operations are the dominant business in the combined group....
...Now several hitherto unknown Chinese companies, including Bohai Life Insurance and Shanghai Life Insurance, have also ballooned into billion-dollar players in that market....
...“Will Trump ‘renege’ on defence co-operation, for example on the [joint strike fighter], to bring jobs home?” asked Francis Tusa, editor of Defence Analysis....
...David Blanchflower, Bruce V. Rauner professor, Dartmouth College Most unlikely....
...On the contrary, there is an incentive to migrate pre-Brexit to earn an active national insurance number....
...The Myanmar company overseeing the zone’s development said management had promised residents that resettlement plans would meet Asian Development Bank standards....
...David Blanchflower, Bruce V. Rauner professor, Dartmouth College My expectation is that growth will slow to below 1 per cent. Big issues are what progress is made in Brexit discussions....
...But it’s a useful insurance policy if the economy were to take a sudden cyclical lurch downwards....
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