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☆ China policymakers will struggle to give markets what they want, chief strategist says
▼ + stars: | 2024-02-21 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Photo taken on January 21, 2024 shows a real estate project under construction in Huai 'an city, Jiangsu province, China. CFOTO | Future Publishing | Getty ImagesPolicymakers are doing little to soothe concerns surrounding China's ailing economy, Brian McCarthy, chief strategist at Macrolens told CNBC's "Street Signs Asia" on Wednesday. The latest monetary policy announcement from the People's Bank of China (PBOC) saw the central bank cut the benchmark 5-year loan prime rate by 25 basis points earlier this week. Many observers saw the move as an effort to boost the country's struggling property market, as the majority of mortgages are pegged to this rate. The 5-year loan prime rate cut was a more "aggressive" move within these decisions, he added.

Persons: Huai, Brian McCarthy, Macrolens, CNBC's, Wei Yao, Générale, stabler, McCarthy Organizations: Getty, People's Bank of China, CSI Locations: Jiangsu province, China, Asia

Alabama has had Super Bowl success at quarterback with the first three MVPs being Crimson Tide products, along with Super Bowl 11 winner Ken Stabler. Joe Namath won MVP for the Jets in Super Bowl 3 against the Colts without scoring or throwing for a TD. COMEBACK KIDSSan Francisco reached the Super Bowl thanks to an epic comeback against Detroit in the NFC title game. The only other comeback that big in either a Super Bowl or NFL championship game was the Patriots' rally from 28-3 down to beat Atlanta 34-28 in overtime in Super Bowl 51. That didn't stop them from becoming a dominant traveling show on the way to a fourth Super Bowl appearance in five seasons.

Persons: Washington's Curt Knight, DeVonta Smith, Jalen, Ken Stabler, Bart Starr, Joe Namath, Stabler, Patrick Mahomes, Mahomes, Joe Montana, Matt Ryan, Joe Flacco, Drew Brees, Jeff Hostetler, Tony Eason, San Francisco's Brock Purdy, Josh Allen, Alex Smith, ___ Organizations: NFL, Alabama, Crimson, Chiefs, 49ers, Miami, Penn State, Notre Dame, Coast Guard Academy, Super, Press, Crimson Tide, Kansas City, Raiders, Jets, Colts, Oakland, Minnesota, San, Detroit, NFC, The 49ers, Niners, Atlanta, Cincinnati, New England, Bowl, Patriots, Lions, ROAD, Buffalo, Baltimore, AFC, Giants, Oakland Raiders, Detroit Lions, Pittsburgh, Broncos, Super Bowl Locations: Alabama, Florida, California, Philadelphia, Oklahoma, Green Bay, Super, San Francisco, Indianapolis, Green, San Francisco , Kansas City, Tampa, Baltimore, Pittsburgh, Denver

☆ The bad math behind Harvard's refusal to do away with legacy admissions
▼ + stars: | 2023-10-09 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +14 min

By clinging to legacy admissions, colleges are not only undermining claims of advancing equality but may be shooting themselves in the financial foot. 'A weak and sad excuse'The legacy preference has always been a dance of public intentions and private subtext. While the rationales for preserving legacy admissions have evolved, the propensity to obfuscate them hasn't. Harvard's massive $50 billion endowment makes it pretty clear: the school doesn't need to keep legacy admissions anymore. When Wesleyan announced it was dropping legacy admissions Roth was adamant that it was the right move.

Persons: James Murphy, —, Richard Kahlenberg, Christopher Eisgruber, Ethan Poskanzer, Radcliffe, gosh, James Hankins, Murphy, Brooks Kraft, Amherst, Biddy Martin, Gabrielle Starr, Michael Roth, Wesleyan alums, Brown, MIT's Emilio Castilla, Kahlenberg, Harvard, Roth Organizations: US Supreme, Harvard, Department of Education, Georgetown University, Princeton University's, Washington Post, University of Colorado, Wall, Princeton, Getty, MIT, University of Texas, The Century Foundation, Pomona College, CNN, Research, Council, Advancement, Wesleyan College, Wesleyan, Ivy League, Stanford, Duke, University of Chicago, Poskanzer, University of North, Carnegie Mellon, Occidental College Locations: Boulder, University of North Carolina, America

☆ What the highest interest rates in 16 years mean for you
▼ + stars: | 2023-08-10 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Bank prime loan rates, the interest rates banks charge creditworthy customers, are typically about 3 percentage points higher than the Fed funds rate. In the short term, the Fed funds rate also affects Treasury yields, or the interest rate the government pays on its debt obligations. These yields influence how much consumers pay on real estate and equipment, as they set a baseline for other interest rates. Ninety-day CD rates track almost identically to the Fed funds rate, meaning these CDs have paid higher interest rates as the Fed hikes rates. Large corporations also are directly affected by higher interest rates, as the cost of borrowing money also follows the Fed funds rate.

Persons: Michelle Bowman, stabler, WalletHub Organizations: Service, Fed, Federal Reserve, Federal, Market, Bank, Treasury Locations: Wall, Silicon

☆ Wall Street 2023 Predictions Already Wrong: Recession, Inflation, China
▼ + stars: | 2023-01-18 | by ( Linette Lopez | ) www.businessinsider.com time to read: +12 min

Across Wall Street, finance workers of all stripes are returning to work after skiing, gallivanting around the Caribbean, or just visiting Mom for the holiday season. Of course, there's some uncertainty in all this, and Wall Street could still be proved right. Already some Wall Street economists are revising their predictions given the strong economy, even if they're not backing off their priors quite yet. It may take years to get the Chinese consumer, on which Wall Street has placed so many hopes, back to the strength of yesteryear. Don't hatchet your chickens before they countTo be fair, not every Wall Street analyst is looking sheepish right now.

☆ Spanish manufacturing output down for 6th straight month in Dec -PMI
▼ + stars: | 2023-01-02 | by ( ) www.reuters.com time to read: +1 min

S&P Global's Purchasing Managers' Index (PMI) for manufacturing inched up to 46.4 in December from 45.7 in November but still remained below the 50.0 mark that separates growth from contraction. "December rounded off a miserable half-a-year or so for the Spanish manufacturing economy, with the sector probably mired in a technical recession," said S&P Global's economist Paul Smith. From all the data collected during the month, however, there is hope manufacturing in Spain is stabilising, he added. Spanish consumer prices rose 5.8% year-on-year in December - at their slowest annual pace in 2022. Economic growth slowed sharply to 0.2% in the third quarter from the previous three-month period, but the government still expects full-year growth of over 5% for 2022.

☆ Stablecoins fall few cents short of respectability
▼ + stars: | 2022-11-23 | by ( John Foley | ) www.reuters.com time to read: +8 min

That will reignite the debate over how to regulate digital assets – especially when it comes to stablecoins, the most money-like part of the cryptoverse. Stablecoins are digital assets designed to have a steady value, usually by being pegged to a real-world currency like the U.S. dollar. For each dollar of stablecoin a user holds, there’s supposed to be a dollar, or something like a dollar, sitting in a metaphorical vault. And in the case of some so-called algorithmic stablecoins, what backs the stablecoin might be another digital token with no fundamental value. The total sum of major U.S. dollar stablecoins outstanding is just under $145 billion, according to CoinGecko.

☆ Elliot Stabler Is Working on Himself
▼ + stars: | 2022-09-21 | by ( Saira Khan | ) www.wsj.com time to read: 1 min

Christopher Meloni will return to the screens as fan-favorite Elliot Stabler when the third season of ‘Law & Order: Organized Crime’ premieres on Sept. 22. For more than two decades, “Law & Order” fans have watched detective Elliot Stabler lose his cool over perceived injustices, bend the law to serve his needs and refuse to open up in therapy, even when it was court-mandated. Now, he’s finally giving in. “He’s a little more measured now, still very determined and bullheaded at times, but at the end of the day he’s fair,” said actor Christopher Meloni, who will return to screens as Stabler when the third season of “Law & Order: Organized Crime” premieres on Sept. 22.

☆ I was a line cook working up to 80 hours a week. A coding bootcamp and online courses helped me land a 6-figure software engineering job with real work-life balance.
▼ + stars: | 2022-09-14 | by ( Julia Pugachevsky | Read More | Read Less | ) www.businessinsider.com time to read: +7 min

He used the time to complete a General Assembly bootcamp and take online courses from Udemy. After some research, I decided to go all in on a four-month software engineering bootcamp from General Assembly — before I even knew if I'd like software engineering. After I signed up, I had about three weeks before the program started. General Assembly Online Coding Bootcamp - Become a Software Engineer Designed to help you launch your career in software engineering, this immersive bootcamp is available online, in-person in NYC, or in a part-time format. I reached out and he actually remembered me, so I was able to land a three-month unpaid internship to get started in software engineering.

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