Stagflation is U.S. economists’ biggest fear, SIFMA says G7 tax pledge may be upstaged by CBDC work Share this article and your comments with peers on social media “With earnings growth and fundamentals still weak in many countries, the evident shift in portfolio allocations toward riskier assets, compression in credit spreads, and higher/more volatile equity prices is a source of concern,” it said; adding that signs of slower growth in key emerging economies also represents a risk to export markets, especially for commodities. “If a lack of growth and/or inflationary pressure were to prolong this period of exceptionally low rates in major mature economies, incidences of underpricing of risk — and the potential for disorderly reversals — would continue to accumulate,” it noted. Additionally, it stressed that there are risks associated with exit strategies from such expansionary policy, and a potential rise in U.S. bond yields, including: potential volatility in capital flows to emerging market economies; higher debt servicing costs due to high budget deficits and public debt in mature market economies; risks to recovery in Europe; and, significant valuation losses for bondholders, including for central banks. It also warned about concentrations of credit risk — encouraged by the zero risk-weighting of domestic government bonds — which, it said, “could increase the negative feedback loop between sovereigns and their banks, if public debt sustainability in weaker member countries comes under question again.” And, it said that “potential vulnerabilities exist in parts of the corporate sector, particularly in a number of Euro Area countries including Ireland, Portugal, Spain and Belgium, where corporate debt-to-GDP ratios are high.” The global bank lobby group, the Institute of International Finance (IIF), warns that the impact of extremely loose monetary policies may be creating a buildup of market risks. The IIF’s Market Monitoring Group warned in a statement that as “Japan and Europe intensify efforts to use monetary policy to support growth, signs of potential underpricing of risk persist.” Keywords Monetary policyCompanies Institute of International Finance Related news James Langton Tougher stress tests won’t chill housing market: Scotia Facebook LinkedIn Twitter
Keywords Know your clientCompanies Mutual Fund Dealers Association Sales practices, suitability remain concerns for OSC Related news Firms are not required to provide the new document to clients, the MFDA says that it is to be used at dealers’ discretion; and that it was developed in response to firms seeking assistance in explaining to clients why they need to collect personal, financial information. Facebook LinkedIn Twitter The Mutual Fund Dealers Association of Canada (MFDA) has published a new brochure for dealers to provide to clients when they open an account, setting out the need to collect know-your-client (KYC) information. The information sheet describes the role of the MFDA and the MFDA Investor Protection Corp., and explains the need to collect personal information in order to ensure compliance with MFDA rules, such as suitability and KYC requirements; securities legislation; and other requirements, such as tax laws and anti-money laundering legislation. Investor sues advisor for not taking enough risk MFDA flags KYC issues, concentration risks among reps Share this article and your comments with peers on social media James Langton
Related news Share this article and your comments with peers on social media “We are very concerned at the increase we have seen in cases in which the introducer has an inappropriate influence on how the authorized firm carries out its business, in particular where the introducer influences the final investment choice,” the FCA’s notice says. The FCA is also worried about registered firms delegating regulated activities, such as outsourcing their advice process to other firms, the alert states: “Many authorized firms we have visited do not have adequate input or control over the advice they are ultimately responsible for giving to customers.” In particular, the FCA is concerned about advice that results in clients shifting their pensions to unregulated, high-risk, illiquid products based in the U.K. or overseas. “Some of these investments are closely linked to or controlled by the introducers and are badly run,” the FCA’s alert states, “while others may be outright scams.” The FCA’s alert stresses that it’s “essential” for registered firms to “maintain full and complete ownership of the advisory process.” The alert also calls on authorized firms to carry out robust due diligence on any introducers they deal with; to ensure that they only recommend products that they fully understand; and that they provide independent advice. “We are co-ordinating our intelligence and supervisory activities on pension scams and unsuitable advice, and will take action as necessary,” the FCA’s alert says, adding that registered firms could face regulatory action for violations committed by outside firms. The U.K.’s Financial Conduct Authority (FCA) published an alert on Tuesday that highlights some of the risks authorized firms face when accepting business from unauthorized firms — specifically to generate referrals and leads on potential clients. As an example, the FCA’s alert says that the registered firm could be on the hook if an unauthorized introducer gives clients unsuitable advice. Facebook LinkedIn Twitter FCA consults on duty of care requirement James Langton UK CMA proposes pension investment reforms FCA proposals aim to improve competition in the investment platform market Keywords United Kingdom
Related news ESMA examines short-termism European securities regulators issued a consultation paper that would set standards for the creation of a consolidated tape for non-equity instruments. The European Securities and Markets Authority (ESMA) on Monday published a paper proposing standards for the creation of a consolidated tape for non-equity instruments. James Langton Facebook LinkedIn Twitter EU regulators warn financial firms to prep for Brexit European regulators outline fintech best practices Keywords EuropeCompanies European Securities and Markets Authority Share this article and your comments with peers on social media The proposed standards would require trading venues to send real-time post-trade data to consolidated tape providers that will, in turn, process and provide that data to the public. “Reliable trading data helps investors find the right price in the marketplace, ensuring they get the best value for money. The consolidated data tape for non-equity products for the EU will enable investors to make more informed choices,” says Steven Maijoor, ESMA chairman, in a news release. “Having consolidated data available across multiple venues and borders also ensures the protection of investors regardless their location,” he adds. The paper sets out proposed rules for data consolidators to specialize in asset classes, which trading venues should be mandatorily included in the tape, and rules on the inclusion/ removal of trading venues from the tape. The consultation will close on Dec. 5. After that, ESMA will finalize its standards, and provide them to the European Commission for approval.
Canadians need education on ESG investing Hedge funds and other alternative asset managers should be integrating socially responsible investing factors into their investment strategies, suggests a new report from Cerulli Associates.The report found there’s a growing demand from investors for alt managers to consider the environmental, social and governance (ESG) factors in their funds, alongside their financial returns. Cerulli said that its survey of European private banks “found that increasing client demand is the key factor in the growing importance of [responsible investing (RI)] to such institutions.” fremme/123RF The Boston-based consulting firm also said that while institutional investors typically focus on climate change, younger individual investors are more interested in “a broad range of responsible investing strategies, such as sustainable agriculture, ocean conservation, the effect of plastics on the environment, and higher education.”Cerulli also reported that its latest survey of hedge funds found that approximately 60% of European hedge fund managers are currently integrating ESG factors into their investment processes, and 40% have “engagement and active ownership” practices. “Those figures show that there is still plenty of room for improvement,” the firm said.Additionally, Cerulli noted that ESG policies tend to be adopted by larger funds.“Manager size is important: large hedge fund managers are significantly more likely than small firms to have established RI policies,” said Justina Deveikyte, associate director in Cerulli’s European institutional research team and lead author of the report.“Our survey found that 62% of hedge fund managers with assets of more than €5 billion have well-documented, firm-wide RI policies, whereas only 29% of managers with assets of less than €5 billion have such policies,” she added.Cerulli said that alt managers “need to have clear responsible investment policies, provide full ESG reporting, and employ staff dedicated to ESG.” However, it also noted that cost represents one of the primary obstacles.“A lot of things still need to be done before RI is fully mainstream,” Deveikyte said. “For example, the asset management industry needs to establish minimum ESG reporting standards and harmonize the scoring methodologies ESG data providers use. Alternative managers should seek to provide innovative RI integration practices and identify ESG factors that signal both risk and opportunity in value creation.” James Langton Global insurers’ focus on ESG will impact energy sector: report Related news Keywords Alternative investment funds, Responsible investing Sustainable bond issuance set record in Q1: Moody’s Facebook LinkedIn Twitter Share this article and your comments with peers on social media
Digital skills program creates major value for community and connects more older Australians The eSafety Commissioner (eSafety) and Good Things Foundation Australia welcome a recent social impact report by Swinburne University of Technology, which finds the Australian Government’s Be Connected initiative to help older Australians connect safely online has created significant value for people in that age group.The program has reached more than double the expected number of older Australians and has also had benefits for the wider community. The evaluation found that the Be Connected program, funded by the Department of Social Services (DSS) and delivered by eSafety and Good Things Foundation, created a social return on investment of $4.01 for every $1 invested.This includes enabling digital mentors in 3,500 community partners to deliver digital skills support, increasing the online confidence and skills of people aged over 50, helping seniors avoid scams, engaging volunteers and increasing the overall health and wellbeing of older Australians.While it was originally envisaged to reach 300,000 older Australians, over 580,000 people have been reached through the initiative between 2016 and February 2020. Since then, the total number of people engaged has risen to over 880,000.“These findings are clear evidence that older Australians are looking for resources to help them do more confidently and safely online – and are using these resources in significant numbers,” eSafety Commissioner Julie Inman Grant said.National Network and Grants Manager for the Be Connected program, Good Things Foundation, has recruited and supported 3,500 diverse community organisations through the Be Connected Network. Originally planned to consist of 2,000 organisations, this network provides support to older Australians who want to improve their digital skills in every state and territory.“The evaluation clearly shows the vital role of digital mentors in community organisations. By providing on-the-ground support, they have helped thousands of older Australians to improve their digital skills and confidence,” Good Things Foundation Australia National Director Jess Wilson said.Learners reported improvements in their confidence and digital skills including using smartphones and tablets, knowing how to stay safe online, making video calls, banking online and other activities. This resulted in learners using the internet more often at home, on their mobile devices outside of the home and at community Network venues.For each module learners completed, the likelihood of using the internet independently on their own increased by 10 percent.The evaluation also showed that Be Connected program participants increased social connectedness and experienced a significant reduction in loneliness.Funding for Be Connected has been extended for an additional three years. In November 2020, eSafety and DSS won the Excellence in Multi-Agency Partnership Award at the 2020 Digital Summit Awards. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Australia, Australian, Australian Government, Commissioner, esafety, eSafety Commissioner, Government, Investment, loneliness, participants, resources, social impact, social services, Swinburne University of Technology, technology, university, wellbeing
Trending Videos Just how many items? According to the owner, who posted his story on the F150Gen14 forum, it included “power to some lights, coffee pot, 75” TV, toaster oven, space heater and refrigerator. I ran it for about 10-12 hours per day to keep the freezer food frozen.” RELATED TAGSFordPickup TruckNon-LuxuryNew VehiclesPickup trucksF-150FordgeneratorNon-LuxuryPickup TruckPickup TrucksPowerBoostPro Power OnboardTexas RELATED Residents of the Lone Star State have been shivering their way through February ever since cold winter blasted the region with ample amounts of ice and snow. But for one resourceful Ford F-150 owner, it wasn’t too much of a hassle thanks to a new feature introduced this year by the Blue Oval.For 2021, the F-150 pickup truck can be fitted with a PowerBoost hybrid powertrain, combining an electric motor with a turbocharged V6 engine. Part of its appeal is the ability, when equipped, to serve as a 7.2-kW generator for powering tools and appliances. For those not familiar, that’s enough juice to keep many electrical items humming for hours on end. SHARE STORY In searching for reasons to promote its new hybrid powertrain, Ford couldn’t have asked for a better advertisement. As a stand-alone option, the 7.2-kW generator – available only on trucks equipped with the PowerBoost hybrid engine – costs about $1,000 in Canada. That’s a great value compared to portable residential generators, considering its power output and run time. COMMENTSSHARE YOUR THOUGHTS The Rolls-Royce Boat Tail may be the most expensive new car ever Ford See More Videos PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca Making a seventy-five inch television a priority during a blackout is the most Texan thing your author has seen all week. We were one of the first to report on the PowerBoost’s ability to stay running sans ignition key for extended periods of time while the 7.2-kW Pro Power Onboard generator is powering electrical items, and the truck-driving Texan confirmed the feature works well. “It started and stopped the engine occasionally,” they said, going on to note “it only used a few gallons of gas over that time.” If you’re wondering, the owner claims to have used the in-truck generator for about 10 to 12 hours at a stretch.2021 Ford F-150 Limited with PowerBoost Hybrid New Vehicles American Idle: 2021 Ford F-150 will let you run the engine without the keys in itby Matthew Guy | November 6, 2020 We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information.
First Look: 2022 Lexus NX The sport-cute’s looks have been softened, but its powertrains and infotainment offerings have been sharpened The Rolls-Royce Boat Tail may be the most expensive new car ever advertisement COMMENTSSHARE YOUR THOUGHTS Trending Videos See More Videos RELATED TAGSVolkswagenFlexElectric CarsElectric VehiclesNew Vehiclesbattery manufacturingEuropeEVFlexTechnologyVolkswagenVW Volkswagen requires about 300 gigawatt hours (GWh) worth of battery cells a year by the end of the decade for its ambitious roll out of electric vehicles in Europe, two people familiar with the matter told Reuters.The supply chain update is part of the world’s second-largest carmaker’s strategy to raise the share of fully electric vehicles in Europe to more than 70% by 2030 at its core brand, details of which were unveiled last week.So far, Volkswagen, which sources batteries from LG Chem, Samsung SDI, SK Innovation and CATL, expects annual demand in Europe to be more than 150 GWh from 2025 and to be at a similar level in Asia. Current demand is still low given that electric vehicle sales are still quite modest.LISTEN: How EVs have saved Canada’s automotive manufacturing sector.Subscribe to Plugged In on Apple Podcasts, Spotify, Stitcher, and Google Podcasts.Chief Executive Herbert Diess and Thomas Schmall, Volkswagen’s board member in charge of technology, will unveil details of its battery and charging infrastructure strategy during a Power Day scheduled for March 15, the people said.Volkswagen declined to comment.The fresh target comes as Volkswagen accelerates its push into electric mobility to close a gap with Tesla, efforts that have led the group’s preferred stock price to hit its highest level in nearly six years this week.Tesla is leading on the battery side, including battery pack integration in the vehicle, IT, software and the ecosystem, UBS analyst Patrick Hummel said this week.“But Volkswagen has put what we think is the best scalable EV platform on the road. Very cost efficient and really covering all segments from compact cars to large SUVs.”Bernstein analyst Arndt Ellinghorst reckons Volkswagen needs 420 GWh worth of battery cells globally by 2030 if it wants to sell 7 million battery electric vehicles, requiring more than 20 billion euros ($30 billion CAD) in annual spending.Raised targets for electric vehicle expansion at other carmakers are likely to trigger a supply shortage of battery cells in the medium term even though capacity is being expanded globally. PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca Created with Raphaël 2.1.2Created with Raphaël 2.1.2 An employee presents the new electric Volkswagen model ID. 4 during a media show in Zwickau, Germany, September 18, 2020. Matthias Rietschel / Reuters Trending in Canada We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. “We could very much see a situation similar with semiconductors when you start to have conversations about cell supply disrupting … production plans,” UBS analyst Tim Bush said, giving carmakers that have secured supply an advantage. ‹ Previous Next ›
Published: Aug. 29, 2001 Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Fiske Planetarium at the University of Colorado at Boulder will present “Colorado Skies,” a live show featuring some of the stellar sights seen in the night sky in Colorado, will be presented Friday, Sept. 7, and Tuesday, Sept. 11, at 7:30 p.m. The show kicks off Fiske Planetarium’s fall 2001 schedule of live monthly astronomy talks about everything from supernovae to American Indian celestial beliefs. Visitors also will see images of deep space objects and view new satellite photos. The show includes an open question period for visitors. Admission is $4 for adults and $3 for children and seniors. Tickets go on sale at 7 p.m. the night of the show. Fiske Planetarium is located at Regent Drive and Kittredge Loop Drive on the CU-Boulder campus. For more information about Fiske Planetarium and other shows and programs it offers to the public and educators, call (303) 492-5001 or visit the Web site at www.colorado.edu/fiske.
ReddIt Advertisement Share Facebook Home Wine Business Editorial Turning the Tables on Meridith MayWine Business EditorialTurning the Tables on Meridith MayBy Expert Editorial – March 3, 2020 601 1 Email TAGSCarl GiavantiCarl Giavanti ConsultingfeaturedMeredith MaySOMM JournalTasting Panel magazineTurning the Tables – Interviewing the InterviewersWine Writing Linkedin Pinterest AdvertisementBy Carl Giavanti, Carl Giavanti Consulting“Turning the Tables – Interviewing the Interviewers” is a Q&A series profiling Wine Writers. We hope you’ll discover more about the wine writers you know, and learn about many others. The objective of this project is to understand and develop working relationships with journalists. They are after all, those that help tell our stories, review our wines and potentially provide media coverage. You can do this by learning their wine and writing backgrounds, story and personal interests, palate preferences, writing challenges and pet peeves. This is part of an ongoing series that will be featured monthly by Wine Industry Advisor.MERIDITH MAY is the owner of two national U.S. wine and spirits trade publications: The SOMM Journal and THE TASTING PANEL Magazine. She is responsible for the publications’ branding and content. She has successfully increased each national magazine’s readership to reach over 65,000 bi-monthly for SOMM Journal and over 70,000 hospitality industry professionals 8 times a year for The Tasting Panel.Meridith’s career in the media spans over 30 years. She began as VP Marketing for Los Angeles-based KIIS FM/KRLA radio in the 1980s working with such notable on-air personalities as Charlie Tuna, The Real Don Steele and Rick Dees.Segueing into food and wine, she was the restaurant columnist for the Santa Barbara News Press from 1998-2001 and then took the role as Senior Editor at Patterson’s Beverage Journal where she ran the magazine until 2007, when she purchased the name, with partner Anthony Dias Blue, and began The Tasting Panel, which has evolved as the nation’s leading national wine and spirits industry magazine.You can follow Somm Journal on Facebook and Twitter, and read the digital editions at https://www.sommjournal.com/ and Tasting Panel Magazine on Facebook & Twitter, and online at https://www.tastingpanelmag.com/Professional BackgroundWhat are the challenges of being both publisher and contributor to your publications? My first job is to promote the publication: through events, ad sales and other opportunities for our marketing partners. That means I have less and less time to write as the mags grow. I have a wonderful resource of fine writers and that helps us get lots of other voices to contribute.How did you come to wine, and to wine writing? I began as a restaurant columnist – and the progression was natural. But my real foray into wine writing was when I became Editor of Patterson’s Beverage Journal back in 2000. I got to interview the experts and the best in the industry!What are your primary story interests? Education, education, entertainment and…did I mention education? Wine and spirits brands need platforms for the trade – but hopefully the story behind every liquid can be compelling.Personal BackgroundWhat would people be surprised to know about you? I was America’s First Professional Lady Monster Truck Driver back in the late ‘80s and early ‘90s. That was my weekend gig. During the week I was VP/Marketing for KIIS-FM Los Angeles and then KRLA/KLSX Los Angeles.What haven’t you done, that you’d like to do? Spend more time in France and Italy without worrying about business. But I don’t think that will happen.Writing ProcessCan you describe your approach to wine writing and/or doing wine reviews? Since we write for the professional, we need to position our articles on how they can use this in their careers – whether they be buyers, importers or distributors. So, learning about production and regions is important, but also the business of wine and how-to mentor – how to educate your staff – how to work on that bottom line. For reviews, it’s obviously subjective but I am asked to do this by the wineries to help showcase their labels – I am sent hundreds of wines a month. Not many of them make it into the books.Do you work on an editorial schedule and/or develop story ideas as they come up? We plan our layout for editorial about four months out – some features are planned a year ahead (like cover stories). We try to be spontaneous when it comes to the actual messaging, and that’s where deadlines help.How often do you write versus assign paid articles (not your blog)? I write 10% and assign 90%Working RelationshipsWhat are your recommendations to wineries when working with journalists? DON’T TALK ABOUT YOUR SCORES TO JOURNALISTS! That’s a turn off. And talk slowly and don’t name drop – and if you do, please spell names out or explain who you’re talking about. Don’t assume the writer knows all your technical references either.What advantages are there in working directly with winery publicists? They know their clients – they can help with direction for the writers – and make life easier for client and journalist.Leisure TimeIf you take days off, how do you spend them? With my dog. And if I am traveling on days off, it’s either scouting out restaurants or, yes, wineries.What’s your favorite wine region in the world? South of FranceRead more stories in the series “Turning the Tables – Interviewing the Interviewers.”Expert Editorialby Carl Giavanti, Carl Giavanti ConsultingCARL GIAVANTI is a Winery Publicist with a DTC Marketing background. He’s going on his 10th year of winery consulting. Carl has been involved in business marketing and public relations for over 25 years; originally in technology, digital marketing and project management, and now as a winery media relations consultant. Clients are or have been in Napa Valley, Willamette Valley, and the Columbia Gorge. (www.CarlGiavantiConsulting.com/Media). Twitter Previous articleLa Crema Announces National Sonoma Coast Experiential TourNext article23rd Annual Anderson Valley Pinot Noir Festival Celebrates Heritage of Sparkling Wines Expert Editorial