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☆ Asia stocks bounce gingerly but bank fears lurk
▼ + stars: | 2023-03-21 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

U.S. futures rose 0.2% in early Asia trade. A Swiss government-backed buyout of Credit Suisse by UBS has cauterized the immediate concern over European financial stability. But the wipeout of some Credit Suisse bondholders has sent a shockwave through bank debt, and persistent signs of stress at U.S. regional lenders has investors on high alert. Bond markets whipsawed overnight as traders seek to figure out what the bank stress means for rates policy. U.S. interest rate futures have priced in just one more 25 basis point hike before a series of cuts beginning as soon as June.

☆ Ukrainian journalists fight another kind of war - against graft
▼ + stars: | 2023-03-09 | by ( Dan Peleschuk | ) www.reuters.com time to read: +5 min

According to Transparency International's 2022 Corruption Perceptions Index, Ukraine ranked slightly better than Russia but still well below the global average. Their focus also shows civil society is embracing its role as a government watchdog even as the war grinds on. Many journalists are also turning their attention to uncovering Russian war crimes and assets in Ukraine. PUBLIC PARTNERSHIPSuch reports play a key role in Ukraine's fledgling anti-corruption system, created after the 2014 Maidan revolution toppled pro-Russian president Viktor Yanukovych. Romaniuk, director of the Institute of Mass Information, an NGO in Kyiv, said Ukrainian journalists' role as anti-corruption activists will become increasingly important as Kyiv maps out a more transparent future.

☆ Tiny Town Charges Visitors to Learn Its Baby-Making Tips
▼ + stars: | 2023-03-03 | by ( Miho Inada | ) www.wsj.com time to read: 1 min

NAGI, Japan—Mayor Masachika Oku is worried about the children in this remote town getting tired. “They’re being chased by visitors with cameras every day,” he said. The visitors, including Japan’s leader, are making the trek in search of a valuable secret that may lurk here: how to make more babies.

☆ The 'office apocalypse' won't doom big cities — it's actually making them stronger
▼ + stars: | 2023-03-02 | by ( Matthew E. Kahn | Christopher Okada | ) www.businessinsider.com time to read: +12 min

In San Francisco, tax revenue is projected to drop by as much as a billion dollars over the next six years. In order to bring in these new residents, cities will have to shift some of their priorities. Research coauthored by Steven Levitt of "Freakonomics" found that increases in violent and property crimes were correlated with city residents migrating to the suburbs. All is not lostThere's little doubt that superstar cities like New York and San Francisco have serious problems on their hands. Christopher Okada is the CEO of Okada & Company, a full-service commercial real estate brokerage and investment company in New York City.

☆ Russia's troops are tied down in Ukraine, but some of its best subs are still holding the US 'at risk,' top US commanders say
▼ + stars: | 2023-01-18 | by ( Christopher Woody | ) www.businessinsider.com time to read: +6 min

US military leaders have warned that Russia's Severodvinsk-class subs are operating near US coasts. Severodvinsk-class subs have a mix of stealth and striking power that worries US and NATO navies. Russia plans to build nine Severodvinsk-class subs, which it calls the Yasen class, and may add more in the future. In addition to nuclear propulsion, Severodvinsk-class subs have advanced quieting technology and are built with low-magnetic steel, making them harder to detect. They demonstrated it in the mid-2010s by firing Kalibr cruise missiles at ISIS targets in Syria, surprising some US officials.

☆ Russian rouble climbs to one-week high vs dollar as tax period begins
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +2 min

By 0848 GMT, the rouble was 1.1% stronger against the dollar at 61.41 , hitting its strongest point since Oct. 10. It gained 0.6% to trade at 60.35 versus the euro and firmed 1.6% against the yuan to 8.47 , a near two-week high. Register now for FREE unlimited access to Reuters.com RegisterExport-focused firms usually convert foreign exchange revenues into roubles to pay domestic tax liabilities, which supports the Russian currency. "On the other hand, RTS should power higher on further rouble appreciation – typical for the end-of-the-month tax period." The rouble-based MOEX Russian index (.IMOEX) was 1.3% higher at 1,977.1 points.

☆ Big U.S. banks shoulder first-world problems
▼ + stars: | 2022-10-14 | by ( John Foley | ) www.reuters.com time to read: +4 min

JPMorgan (JPM.N), Wells Fargo (WFC.N) and Citigroup (C.N) have what might be thought of as first-world problems. The big banks’ shares are down roughly 40% this year, while the S&P 500 Index (.SPX) is down just over 23%. JPMorgan’s earnings fell 17% year-on-year to $9.7 billion, but revenue increased 10% driven by a 22% rise in fixed-income trading revenue. Wells Fargo’s earnings fell 31%, as it also took a $2 billion charge to litigation, customer remediation and regulatory issues. Wells Fargo and JPMorgan both reported a 3% decline in deposits for the quarter ending Sept. 30, compared with the quarter ending in June.

☆ How Jay-Z and Jack Dorsey's Bitcoin Academy provides financial inclusion and breaks down barriers of inequity
▼ + stars: | 2022-09-07 | by ( John Lynch | ) www.businessinsider.com time to read: +16 min

Insider profiled Jay-Z and Jack Dorsey's Bitcoin Academy at the conclusion of its program for Marcy Houses in Brooklyn. For Marcy resident Mariela Regalado, The Bitcoin Academy represented a continuation of an altruism she had seen from Jay-Z firsthand. Lamar Wilson teaching at The Bitcoin Academy. Following the conclusion of its summer courses at Marcy Houses, The Bitcoin Academy is "looking to expand to other neighborhoods soon," the program said. The over 350 people who attended The Bitcoin Academy classes let us know that this education is important to them - and that it matters.

☆ Don't be scammed by fake job listings
▼ + stars: | 2022-05-19 | by ( Rebecca Knight | Rachel Durose | ) www.businessinsider.com time to read: +5 min

Amid the rise of the remote work era, fake job listings have increased. As employees seek remote positions, the number of fake listings has increased, and job scams are getting more sophisticated, including using social media, online outreach, and online job boards to lure in job seekers, the BBB report found. LinkedIn, the site with the second most job scams, accounted for 7% of the listings,Here's how job seekers can avoid falling victim to a fake posting. Investigate the listing, and don't be afraid to reach outThe first step to avoiding fake job listings is knowing where to look for jobs. Job seekers are also able to report suspicious job postings to the website where it was posted.

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