How Mike Bloomberg can help Joe Biden

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Michael Bloomberg came and went quickly in the 2020 presidential campaign. He entered the race last November, spent $1 billion on staff and ads, rose briefly in the polls, then quit on March 4, after Joe Biden’s unexpected surge. Bloomberg has been mostly quiet since.

But the publishing titan and former New York City mayor could still play a major role in the 2020 election, if he chooses to spend some of his $60 billion fortune helping Biden, a longtime friend. “The one advantage Trump does have over Biden right now is economic,” Bradley Tusk, a longtime Bloomberg adviser, says in the latest episode of the Yahoo Finance Electionomics podcast. “If Mike Bloomberg put in $100 million or $300 million, would that be welcome? I’m sure it would be.”

Trump has outraised Biden by about $100 million so far, in part because he has Republican donors all to himself. Democratic

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Edited Transcript of VEMFsdb.ST earnings conference call or presentation 29-Apr-20 1:00pm GMT

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HAMILTON Jun 17, 2020 (Thomson StreetEvents) — Edited Transcript of Vostok Emerging Finance Ltd earnings conference call or presentation Wednesday, April 29, 2020 at 1:00:00pm GMT

Vostok Emerging Finance Ltd. – CEO, MD & Director

David Francis Nangle, Vostok Emerging Finance Ltd. – CEO, MD & Director [1]

Yes. Thank you very much, operator, and good morning, good afternoon, everybody, and welcome to the Q1 ’20 results conference call for VEF. I’m very happy to be with you today. And the information for this call, the presentation is on our website. And also, you can watch it via webcast as well as dialing in.

We take a slightly different format to our presentation this quarter, given the slightly different backdrop that we’re now operating in. And so it’s more of a crisis and short-term orientated presentation. And we’ll go through — what I’ll go through in the deck is not … Read More

China’s Great Firewall Looms Over Hong Kong As Surveillance Grows

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(Bloomberg) — Hong Kong, already grappling with tightened policing to rein in widespread protests that followed last year’s proposed extradition bill, is now bracing for the prospect of stricter digital controls — ones that would curtail free speech, communications and the ability to organize and turn the city of 7 million into a surveillance state that more closely resembles China.

In recent years, law enforcement has deployed tens of thousands of closed-circuit television cameras in Hong Kong’s streets and shopping malls, used broad warrants to crack into the mobile phones of protesters, and deployed facial recognition software that can identify activists in massive crowds. 

Now, residents and activists worry that proposed national security legislation will further encroach on civil liberties, as part of a continuing effort by Beijing to exert its influence over the former British colony. Residents have already watched with concern past efforts to curb online speech. A

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How Millennials are Snapping up the Best Real Estate Investments

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Compared to boomers, it’s no secret that millennials are more educated yet less compensated. It’s also not surprising that their circumstances are reflected in the real estate market.

Millennials are slower to spread their wings and leave the nest for a few different reasons. Two examples: They like to travel and starting a family is further down on their “to-do” list.

Online real estate investing has changed the game for young home buyers and investors. Here’s how millennials are investing in real estate and how you might want to get in on the action.

Crowdfunding Real Estate

If you’re new to the real estate investment industry, crowdfunding platforms and startups have become popular in recent years. One of those startups, Roofstock, lists single-family rental homes as an investment opportunity.

Real estate investing might appeal to you instead of owning a primary residence. Think of it as buying your first home

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Dublin Teen Finds Inspiration In Teaching Youth Finance

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A reader submission from Logan Lin of Dublin:

I live in a culture where we are measured by our talents and ability. Yet far too often we overlook the importance of inspiration and initiative. Covid-19 in many ways has catapulted generations to be inspired. This period in our history has transformed the way we see our capabilities. Inspiration was always very elusive to me.

I often wondered as a teenager what truly inspired me. During this period of my life I am confined within the four walls of my home, and my interactions with my friends are “virtual”, my mother found creativity in bread making, and I found inspiration while connecting with a friend, Rohan who creates podcasts on Street Fins.

Inspiration needs 3 things: evocation, transcendence, and initiative. My inspiration was evoked by my father at the age of 8 when I first started getting a weekly allowance and

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PG&E Is Set to Exit Bankruptcy, Ending Saga Sparked by Fires

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(Bloomberg) — Only 19 months after the Camp Fire erupted in the tinderbox mountains of Northern California, PG&E Corp., the power utility behind the deadliest conflagration in the state’s history, is poised to emerge from bankruptcy with its safety still in question.

As the state braces for another fire season, the judge overseeing PG&E’s Chapter 11 case said Tuesday he would approve its $59 billion turnaround plan. Moments earlier, its chief executive officer pleaded guilty on behalf of the company to involuntary manslaughter, brining its criminal case from the deadly blaze close to an end. And on Wall Street, PG&E moved forward with plans to sell bonds to fund its restructuring.

The quick series of events conclude a tumultuous chapter for PG&E. Yet it’s exiting bankruptcy facing many of the same challenges as it did the day it filed. Efforts to strengthen its finances and safety procedures are still underway,

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Here’s How Cartier Is Helping Female Entrepreneurs Make a Big Global Impact

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Click here to read the full article.

Ready for a little good news? Cartier has announced 21 finalists for its Cartier Women’s Initiative, three of which hail from North America. Each year since 2006, the French jewelry and watch maison has used the platform to support female entrepreneurs with start-up businesses aimed at making a social or environmental impact. To date, CWI has given over $3 million to aid 240 women from 56 different countries. Of the various female-run companies to participate over the last 14 years, 80 percent are still in operation 15 years later, according to Cartier CEO Cyril Vigneron. That is an impressive number given that statistically, only 25% of new businesses survive to the 15-year marker.

While the businesses that take part in CWI are for profit, Vigneron says their ultimate goal is to make effect change for the good of humanity. “They work deeply with

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5 Resources to Discover Investing

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The onslaught of coronavirus has been ruinous to the global economy. But some are seeing this cloud of uncertainty through an opportunistic eye, including me. In light of the market’s volatility, I’ve been spending a lot more time reading up on financial trends, terminology and general teachings. Regardless of what may or may not happen, I believe now is a great time to learn more about investing. 

S&P’s Global Financial Literacy Survey found that overall financial literacy is low around the world, and that risk diversification is one of the least understood concepts, a particularly relevant topic in today’s economic climate. And this divide is unevenly distributed across gender, social class and race. I reached out to my friend Anna-Sophie Hartvigsen, the cofounder of Denmark’s Female Invest and a 2020 Forbes 30 under 30 recipient, to share some of her recommended resources to help get a balanced view of the

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City watchdog to tackle high-risk investment loophole that has cost consumers thousands

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investors lose cash
investors lose cash

The City watchdog is considering closing a major loophole which allows unregulated and high-risk investment schemes to be sold to unsuspecting members of the public.

Charles Randall, chair of the Financial Conduct Authority, admitted that consumers could be exposed to inappropriate investments because they are sold by regulated firms.

This follows a Telegraph Money campaign which called for this flaw in the rules to be tackled, backed by financial industry grandees including former City minister Lord Myners.

At present, regulated firms are able to sell risky, unregulated investments to consumers. This can lead consumers to believe wrongly that such schemes are safe, given the company selling them has been approved by the regulator.

This loophole was highlighted during the collapse of London Capital & Finance, which was able to say it had authorisation from the regulator while selling unregulated “mini-bonds” to customers. Investors face losing their life

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Redlining has a lingering effect on black homeownership: study

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Before 1968, mortgage lenders used racially-charged language to assess whole neighborhoods for creditworthiness. They then color-coded neighborhoods, which were legally segregated, to determine which residents would be eligible for mortgage loans. 

Greenlined areas received the best credit ratings and the easiest access to loans. While redlined neighborhoods, which had mostly black residents, were deemed “hazardous” credit areas, making homeownership for people who lived in redlined areas almost impossible. Statistics show that other minority groups also faced lending discrimination, but black Americans were particularly negatively impacted by the redlining policy, Redfin found. 

The U.S. may have outlawed redlining more than 50 years ago as a discriminatory policy, but homeowners in formerly redlined areas are still losing money from the racist mortgage lending policy, a new Redfin study shows.

“Redlining policies kept black Americans from homeownership, and that created more segregation in the country, which has been difficult to break and rebuild

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