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☆ China to set up new financial regulator in sweeping reform
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +6 min

The new financial regulator will replace the China Banking and Insurance Regulatory Commission (CBIRC) and bring supervision of the industry, excluding the securities sector, into a body directly under the State Council, or cabinet. The proposal for setting up the new regulator, the National Financial Regulatory Administration, was presented to China's parliament during its annual meeting on Tuesday. China's financial sector is overseen by the People's Bank of China (PBOC), the CBIRC, and the China Securities Regulatory Commission (CSRC), with the cabinet's Financial Stability and Development Committee having overall responsibility. The setting up of the new financial regulatory body comes as Beijing seeks to rein in large corporate and financial institutions that may bring systemic risks via regulatory arbitrage among multiple authorities. 'STRENGTHEN SUPERVISION'The new administration will "strengthen institutional supervision, supervision of behaviours and supervision of functions", according to the plan.

☆ U.S. House panel to hold hearing on policy toward China
▼ + stars: | 2023-02-21 | by ( Karen Freifeld | ) www.reuters.com time to read: +1 min

Feb 21 (Reuters) - The House Foreign Affairs Committee will hold a hearing next Tuesday with top officials on China policy to identify gaps in pursuing what it called a "more holistic approach" to countering aggression by the Chinese Communist Party. The hearing, announced by the panel's chair, Representative Michael McCaul, a Republican, is called, "Combating the Generational Challenge of CCP Aggression." Alan Estevez, the U.S. Commerce Department's under secretary for industry and security, who oversees restrictions on tech exports to China, is among the witnesses. McCaul has been pressing Estevez on the need to ensure China is not transferring U.S.-origin technology to state sponsors of terrorism, and has called for tighter restrictions on exports to blacklisted companies like China's Huawei, which are viewed as a threat to U.S. national security. Reporting by Karen Freifeld; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ We're married Delta pilots with two young kids. Here's how we've navigated our careers together and our top 10 travel tips for couples.
▼ + stars: | 2023-02-16 | by ( Hannah Towey | ) www.businessinsider.com time to read: +10 min

Delta pilots Brent and Kelly Knoblauch first met as interns in 2010. Kelly: Brent and I first met in 2010, when I was still in college at the University of North Dakota. And then I think almost a year to the day, Kelly was also hired as a pilot back at Delta. Being able to see what you're seeing, what you're hearing, what you're suspecting, and just being open about that. Kelly: It actually went really well.

☆ This CEO cut the working week, but not pay, at his factory – and says workers are now more productive and stick around for longer
▼ + stars: | 2023-01-21 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +4 min

DiamondBack Covers reduced its 40-hour week to 35 without cutting pay for workers. He thinks that blue-collar workers and their employers can both benefit from a shorter working week. The idea of cutting workers' hours without cutting pay, sometimes called the "four-day week", is gaining traction, but it's a movement that's often associated primarily with desk jobs. DiamondBack Covers, which makes heavy-duty covers for pickup trucks, employs about 115 workers at its factory in Philipsburg, Pennsylvania. The shorter week also appears to help attracting new staff at a time when many factories have struggled to find workers.

☆ The feds say they're in for the long haul on Jan. 6 investigation
▼ + stars: | 2023-01-06 | by ( Ryan J. Reilly | Ryan J. Reilly Is A Justice Reporter For Nbc News. | ) www.nbcnews.com time to read: +16 min

But the federal investigation has been strained, spread thin and strapped for resources as a sometimes less-than-agile federal bureaucracy adapts to the overwhelming scope of the caseload. While the FBI arrested more than 700 defendants in the first year of the investigation, it arrested about 200 in the second. Online sleuths have done their best to bust those myths, too. “That was it.”The Sedition Hunters website features images of people online sleuths say took part in the Jan. 6 attack, including many (in blue) who have been identified. Some charging documents in Jan. 6 cases make the role that online sleuths played clear.

☆ The surprise lettuce crisis cost Olive Garden's owner as much as $5 million in 3 months
▼ + stars: | 2022-12-18 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Olive Garden has lost nearly $5 million in the space of three months, its parent firm's chief financial officer said. At its quarterly analyst call for its fiscal Q2 2023, Darden Restaurants chief financial officer Raj Vennam estimated that issues with lettuce production cost between $4 million to $5 million. Darden has faced mounting costs this year, with Vennam saying costs are up 20% for chicken and dairy year on year. The hit from rising prices for lettuce — a bedrock of Olive Garden's never-ending salad — was a shock. It was, call it, $4 million to $5 million impact in the quarter, that's meaningful," Vennam said.

☆ Retail advertising surged in 2022 — but in 2023, these new ad businesses will need to steal TV ad budget to survive
▼ + stars: | 2022-12-16 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +5 min

Retailers will face more competition for ad dollars with smaller ad budgets from marketers in 2023. WPP's media buying unit GroupM said that retail media brought in $110 billion this year and is on track to generate $160 billion by 2027. But 2023 will be the year that determines which retail ad businesses will win and which will lose. But some retailers are trying to grow their retail media businesses by separating those two, so retail ads are no longer part of the distribution deal. Retailers are coming for TV budgetsIf retail media budgets increase, other types of ad budgets must get cut.

Pet food prices rose 14% between September 2021 and September 2022, according to the Bureau for Labor Statistics. Fifty percent are shopping for cheaper alternatives to their standard pet food, and 35% say they've had to reduce the frequency of their visits to grooming services. More worryingly: 46% of pet owners said that they've decided to forego or delay veterinary treatments in the wake of inflation — including dental procedures and X-Rays. She told Insider: "Google searches for "can I give my dog paracetamol?" have surged recently, as we fear people are seeking to self-medicate animals and avoid vet costs."

☆ A court just ruled that CFPB's funding is unconstitutional, and that could be 'catastrophic' for mortgage markets
▼ + stars: | 2022-10-28 | by ( Stephanie Dhue | ) www.cnbc.com time to read: +6 min

Mortgage rules at riskIf the agency's legal authority is undermined, it could have a profound affect on home lending markets — an industry that's prone to disruption when laws are murky, especially as interest rates rise. That extended the potential damages to the Wall Street banks as well as mortgage investors Fannie Mae and Freddie Mac. Appeal likelyIf the Fifth Circuit decision is upheld, it could call into question those long-standing mortgage rules. "The loss of the CFPB mortgage regulations and the effect on the market would catastrophic," said Andreano. "Potential changes in how the CFPB are funded aren't likely to have an immediate effect on the mortgage market."

☆ Australians take stock of flood damage amid warnings of more rain
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +2 min

SYDNEY, Oct 17 (Reuters) - Thousands of Australians on Monday returned to homes and businesses to assess flood damage even as evacuation warnings remained in inland regions of the southeast and authorities warned of more rain ahead which could trigger renewed flooding. Major flood warnings are in place across many regions despite little rainfall over the weekend with many swollen rivers only expected to reach peak flood levels this week. Register now for FREE unlimited access to Reuters.com Register"There is further rain expected later this week, so it remains a very dangerous situation." The weather bureau forecast another wild weather system that could bring rains up to 50 mm (2 inches) across some flood-hit regions. Register now for FREE unlimited access to Reuters.com RegisterReporting by Lewis Jackson and Renju Jose; Editing by Lincoln FeastOur Standards: The Thomson Reuters Trust Principles.

☆ Australians rush to grab sandbags as heavy rain slams southeast
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +2 min

SYDNEY, Oct 13 (Reuters) - Hundreds of homes in southeast Australia were without power on Thursday and residents filled sandbags as an intense weather system lashed the region, bringing warnings of more heavy rain, damaging winds and flash flooding. "There is a lot more to come," bureau forecaster Jonathan How warned on ABC television. Some dams have begun overflowing for the first time in decades, and flood-weary residents rushed to grab sandbags from emergency crews to protect properties. Utility Powercor reported 475 customers were without power across Victoria after wind gusts of 100 kph (62 mph) knocked down power lines and trees. In Tasmania, emergency services have issued evacuation warnings for some residents of two rural towns in the north, while police began closing several roads because of flooding.

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☆ HRTNIII/Strengthening of the HRBA-related and negotiation capacities of the Bureau for Reintegration Policies of the Republic of Moldova
▼ + stars: | 2021-07-01 | by ( Alte Articole | ) www.civic.md time to read: 1 min

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See Insider's list of the best identity theft protection services »Get the latest tips you need to manage your money — delivered to you biweekly. Information including linked bank account numbers, social security numbers, and even dates of birth were leaked, leaving many vulnerable to identity theft. Most commonly, identity theft involves the use and compromise of accounts you already have, as Business Insider's Lauren Lyons Cole previously reported. If you think that identity theft has happened to you, act quickly — once your information has been stolen, thieves can go after everything from your bank account to your health insurance. For more information on recovering after identity theft, read the FTC's recovery guide.

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