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[ad_1] The new figure was put forward by White House Chief of Staff Mark Meadows, marking a $300 billion increase from an initial $1 trillion offer from the White House and Senate Republicans. [ad_2] Source link

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[ad_1] China's Wuhan says all schools to reopen on Tuesday [ad_2] Source link

[ad_1] A recent observational study led by a hospital in Italy claims that the anti-malarial drug reduced the risk of death amongst hospitalised Covid-19 patients by 30%. [ad_2] Source link

[ad_1] Welcome to my weekly book update post where I share what books I read this past week + my honest thoughts and star ratings of them. A Word on My Star Ratings The star ratings I give the books I read are based on a 5-star rating system. I rarely will ever give a book a 1-star rating (maybe never?), because my philosophy is that if a book is only worthy of one star, I’m more than likely going to quit reading it. 🙂 In the same vein, you’ll also notice that I’ll rarely give a 5-star rating as I reserve those for only my very, very favorite books. Want to see all of the books I’ve read so far this year? Check out my Good Reads page. Last week, I finished one book and here is my review… You Be You: Why Satisfaction and Success Are Closer Than You Think I wasn’t sure what I was going to think of this book when I was sent a pre-release copy. The title felt like it could be one of those self-help books that might just encourage women with platitudes like, “Be your best self” or “If you hustle hard enough, you can be anything you want to be.” I was hopeful that wasn’t the case — and I was thrilled to discover that this book wasn’t anything about worn-out cliche phrases or vague platitudes. Instead, it was packed with encouragement to seek the Lord, live into our callings, and glorify Him with our lives. In fact, I love how Jamie Ivey addresses the motivational sayings at the beginning of the book and says, “That’s the danger in these sayings. They can’t hold up under the pressures of the world. Because, no, you’re not enough, girl. You ain’t got this. You can’t hustle enough, can’t get enough things done. You can’t do everything you set your mind on, no matter how badly you want to do it. You don’t control your own destiny, because the One who made you has the days of your life already numbered, planned, and written for you. And sometimes, life can be so hard that there aren’t enough bootstraps in all the world to pull yourself up with.” The book is filled with Jamie’s personal stories, practical advice, and spiritual insights to help us, as women, use our gifts and talents to make a difference in this world. Here was one of my favorite quotes from the book: If you struggle with knowing what God has called you to do, you’re wanting to make a difference but you just don’t know how to do that, or you wrestle with how to use your gifts and talents for the glory of God, this book will be an encouragement to you. I’m excited to get to have Jamie on my podcast soon and we’ll dive deeper into how to walk this out. Verdict: 4 stars Picture Book: Ten Little Night Stars This is a sweet and colorful book that the author sent to the babies. It’s a fun counting book that is great for reading before bedtime! What I’m Currently Reading I may have bitten off more than I can chew when it comes to books this week. I just can’t help myself!! I have shelves of books I want to read and now that I have more time to read since the babies are a little older and the kids are back in school, I just want to read all the books! Here’s what I’m currently reading: Atomic Habits, Fully Alive, You Who, A Very Bavarian Christmas (pre-release copy), The White Rose Resists What have you read recently? I’d love to hear! Tell us in the comments! [ad_2] Source link

[ad_1] Wall Street Week Ahead: Value bulls bang drum for cheap stock resurgence on Fed, vaccine hopes [ad_2] Source link

[ad_1] In 2016, Rajnish Kumar’s predecessor Arundhati Bhattacharya was given an extension for one year, when the largest lender was completing its merger with five associate banks. [ad_2] Source link

[ad_1] Biden hits Trump where it hurts: in the convention speech ratings  CNN Column: The RNC’s message: Biden’s America will look like Trump’s America, so … don’t elect Biden?  Chicago Tribune There’ll Never Be Another Trump Rally Like That One  The Wall Street Journal Liz Peek: Trump makes riveting case for reelection, shows America what it is in for if Biden wins  Fox News Republican Convention: Best and Worst Moments From Trump’s Big Night  The New York Times View Full Coverage on Google News [ad_2]

[ad_1] Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.  Risk ratings: what are they good for? It appears that the risk ratings for mutual funds and ETFs turned out to be almost worthless in many cases in the recent stock market correction. If you hold a fund and check the fund fact sheet, you’ll see a risk rating that ranges from Low Risk to High Risk.  Dan Hallett, vice-president and principal of Highview Financial Group, has long been a critic of these risk ratings. Hallett has suggested that the risk ratings have set up investors for a rude awakening in a major market correction. And that’s certainly what happened in the violent stock market correction in March.  In The Globe and Mail, he offered: “The ‘low to medium risk’ category contains an awful lot of funds holding nothing but stocks—which is nonsensical. More than 35% of the 1,200 funds in this category lost more than 15%, of which 38% saw declines of more than 20%. Ouch!” From my training (I was an advisor with Tangerine Investments), a low to medium risk fund or portfolio should hold a fixed income component in the range of 70% to 80%. Those bonds can work as portfolio shock absorbers.  As I see it, the asset allocation models used in the one-ticket ETF portfolios and by robo-advisors do a good job of aligning portfolios with the risk ratings. Those portfolios will contain a mix of Canadian, U.S. and International stocks and bonds designed at various risk levels.  That said, I’ve seen some weirdness in the robo space as well in regards to portfolio risk ratings. I agree with Hallett wholeheartedly: This area needs to be cleaned up, and in a hurry. Canadians deserve and need to see and understand the true risk levels of their investments.  Ordering up Canadian bank reports, hold the dividends There is perhaps no category of stocks in Canada that gets more attention than the big Canadian banks. They can drive our stock indices. And many Canadians count on those big juicy dividends for retirement. A common question or concern these days is this: “Are the bank dividends safe?”  For now, it appears so. All of the big Canadian banks are reporting earnings this week and there are many tea leaves to read. The results are mixed, but mostly encouraging.  The first bank to report on Monday, August 24, was Scotiabank. And perhaps we got the “bad news” out of the way first: Scotia missed earnings estimates. Their South American operations are under great pressure due to COVID-19 outbreaks.  BMO picked up the slack on Tuesday with earnings that beat estimates. Revenue was up 3.8% year over year. National Bank also had very solid numbers.  And then on Wednesday came a blockbuster from big blue—RBC. The Royal Bank of Canada increased revenues by 12% year over year. That is to say, revenues in the second quarter of 2020 were 12% greater than the third quarter of 2019. Crazy. That bank just seems to find ways to make money, even during a pandemic.  TD bank and CIBC also delivered positive numbers trends. TD bank beat estimates on earnings and revenues, with the latter increasing 1.6% year over year.  On the dividend front, all of the Big 6 Canadian banks announced they will maintain their dividend payment level (quarter over quarter) with their next payments.  The banks saw some nice stock price gains as well, into Thursday, August 27. As an example, Royal bank was up over 4% from Monday to Thursday.  What we will be watching are the non-performing loans. Only Scotiabank set aside more monies for the potential of loan losses in this quarter compared to the last quarter in May of 2020. If you read a quarterly report you’ll see them listed as PCL—provisions for credit losses.  For the record, I hold the Big 3 of Royal Bank, TD and Scotiabank.  Perhaps we’ll get a replay of the financial crisis of 2007 to 2009. In that recession, the big Canadian banks did not cut dividends. They all held, and then got back on the dividend growth train within a year or two.  Global dividends crushed Continuing on the dividend watch, it was the worst quarterly fall for Global dividends since 2009. Total shareholder payouts fell by $108 billion to $382 billion, the lowest second-quarter total since 2012, according to Janus Henderson’s index of global payouts, published on Monday, August 24. The 22% decline was the worst since the asset manager launched the index in 2009, and the UK and Europe were the most affected. Almost half of the dividend cuts in Europe are courtesy of the banking sector.  Dividends fell in every region of the world except for North America.  And the best performing market according to Janus Henderson? Those true north dividends held up strong. The Canadian market has increased its dividends over 4%, year-over-year.  Checking the iShares TSX 60 ETF (ticker XIU), I see its August 2020 quarterly dividend payment is 4.4% larger than the 2019 payment. Billionaires: “heads, we win!” As we have touched on previously in this space, the economic effects of COVID-19 have discriminately hit lower-income Canadians and Americans.  Meanwhile, five months into the pandemic, the total wealth of billionaires has ballooned. A recent communication from Americans for Tax Fairness and Institute for Policy Studies, a left-leaning think tank, notes:  “Billionaires kept getting richer as the rest of America struggled through multiple crises over the past five months: combined billionaire wealth has grown by $792 billion, or 27%, since the rough start of the coronavirus lockdown on March 18…. President Trump wants to cut the top capital-gains tax rate by one-quarter—dropping it from 20% to 15%. “The U.S. can scarcely afford to lose public revenue during a national emergency in which up to half of American households are going hungry, roughly 40 million families face eviction, 30 million workers are collecting unemployment.” It will

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