DIRS.INFO The most relevant business & tech news

☆ Deutsche Bank, Credit Suisse, and what to know about the financial turmoil — and how one company is working to boost the number of women on Wall Street
▼ + stars: | 2023-03-25 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

The program collaborates with UPenn's Wharton business school, and it teaches college women the fundamentals of markets, portfolio management, and finance. Katherine Jollon Colsher, President and CEO, Girls Who Invest Girls Who InvestKatherine Jollon Colsher is the chief executive officer and president of Girls Who Invest, a nonprofit that aims to help women enter asset management and other careers across Wall Street. Katherine Jollon Colsher: We work exclusively in the buy side, and we do focus exclusively on placing women in internships and frontline investing roles to advance more women portfolio managers. With that, our vision is for 30% of the world's investable capital to be managed by women by 2030. Shares of the German bank tumbled on Friday, as the cost of credit default swaps linked to its bonds shot higher.

☆ Recessions, bank failures, and stagnant stock returns - experts see a new, difficult era dawning for markets
▼ + stars: | 2023-03-25 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Wall Street experts see a new era ahead for markets, marked by a more difficult investing environment. Central bankers have already raised interest rates over 1,700% over the last year to quell high prices. Despite the volatility in bank stocks, Fed officials raised interest rates another 25 basis-points this week, bringing the effective Fed funds rate to 4.75-5%. That's the highest interest rates have been since 2007, and the impact of SVB's collapse is likely equivalent to another 50-75 basis points in rate hikes, Moody's chief economist Mark Zandi estimated, meaning real interest rates are even more restrictive. Some experts have argued that SVB's collapse was due to the bank's uniquely high exposure to bonds, which have been weighed down heavily by rising interest rates.

☆ The current banking crisis is a 'worldwide phenomenon' that started long before SVB failed, Harvard professor and former IMF economist says
▼ + stars: | 2023-03-23 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

Chaos in the banking sector was a long time coming, according to a former IMF chief economist. The crisis was, in part, caused by banks betting on a prolonged period of ultra-low rates, Kenneth Rogoff said. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. Rogoff, a leading scholar of financial crises, said chaos ensued after a number of years of ultra-low interest rates. "I didn't know it would [start] in the US banking sector," he said, adding that issues could've taken place in Japan or Italy before SVB was seized by regulators.

Jan 19 (Reuters) - Zambia needs "desperate debt relief" and agreements under a Group of 20 restructuring vehicle are proving difficult, the World Bank's managing director of operations said on Thursday. "In the last two years, we have seen the limitations of the common framework," Axel van Trotsenburg told a panel at the World Economic Forum's annual meeting in Davos, moderated by Reuters Editor-in-Chief Alessandra Galloni. Zambia has become a test case for the G20-led "Common Framework" restructuring vehicle launched during COVID-19 to streamline debt restructuring efforts as poorer countries buckle under the fallout from the pandemic hit. "Right now we have negotiations where there is not an established debt sustainability framework. What you see in the discussions is that different creditors are challenging all the underlying assumptions," van Trotsenburg added, without specifying which creditors he was referring to.

☆ Harvard Reverses Course, Will Offer Position to Critic of Israel
▼ + stars: | 2023-01-20 | by ( Douglas Belkin | ) www.wsj.com time to read: 1 min

Harvard University on Thursday said it would extend a fellowship offer to a prominent human-rights advocate, reversing an initial decision that prompted critics to question whether the school had bowed to political pressure from pro-Israel donors. The issue surfaced this month after the Nation published an article saying that Douglas Elmendorf, dean of Harvard’s John F. Kennedy School of Government, vetoed a one-year fellowship for Kenneth Roth , the recently retired executive director of Human Rights Watch, because of Mr. Roth’s past criticism of Israel.

☆ Harvard school reverses course, will extend fellowship to human rights advocate
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +2 min

The fellowship was subject to approval by Kennedy School Dean Douglas Elmendorf. Kathryn Sikkink, a human rights academic at the Kennedy School, told The Nation magazine earlier this month that Elmendorf told her he rejected the appointment because of what he called HRW's "anti-Israel bias." In an email to the community on Thursday, shared by a Harvard Kennedy School spokesperson, Elmendorf said he believed he had made an error. I hope that our community will be able to benefit from his deep experience in a wide range of human rights issues," Elmendorf said. Elmendorf in the email said his earlier decision not to award the fellowship had not been influenced by donors or "made to limit debate at the Kennedy School about human rights in any country."

☆ Expect home prices to fall another 10% in the US and across the world as interest rates stay high, top economist Kenneth Rogoff says
▼ + stars: | 2023-01-18 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

Property prices in the US and around the world will fall another 10%, Kenneth Rogoff told Bloomberg. The Harvard professor said central banks' interest rate hikes are yet to have a full impact on the economy. "If — as I think — interest rates are going to stay high for some time to come, I think there's still a lot of downward adjustment in the market." The Fed, like its global counterparts, raised interest rates throughout much of 2022 to rein in inflation. "Interest rates aren't going to come down to the same level as they were before," Rogoff said.

Reuters GraphicsThe U.S. central bank is already adjusting to one unanticipated set of changes - an outbreak of inflation coupled with stalled growth in the U.S. labor force. "You have to identify the regime change ... Then you have to understand the transition dynamics ... and have a clear vision and insight into all of those ... "Markets calibrated to ... Chinese growth and low interest rates may prove fragile." Like recessions, which are typically identified only well after they have started, other economic turning points aren't always apparent in the moment. But as evidence of that accumulated following the 2007-2009 recession, it was only embodied into Fed policy in 2020 under a new approach that leaned against premature interest rate increases.

☆ Harvard school in row over fellowship for human rights advocate
▼ + stars: | 2023-01-10 | by ( Simon Lewis | ) www.reuters.com time to read: +2 min

Jan 10 (Reuters) - The prestigious Kennedy School at Harvard University is under fire over a decision not to award a fellowship to the former head of Human Rights Watch, which one academic said was due to the campaigner's criticism of Israel's treatment of Palestinians. The school's Carr Center for Human Rights Policy last year approached Kenneth Roth, who served as HRW's executive director from 1993 to 2022, and agreed on the terms of a fellowship, according to both Roth and the Carr Center. The fellowship was subject to approval by Kennedy School Dean Douglas Elmendorf. Kathryn Sikkink, a human rights academic at the Kennedy School, told The Nation magazine that Elmendorf told her he rejected the appointment because of what he called HRW's "anti-Israel bias." Harvard Kennedy School spokesperson James Smith said by email that Elmendorf decided not to appoint Roth "based on an evaluation of the candidate’s potential contributions to the Kennedy School," adding that the school does not discuss such deliberations.

“I Wanna Dance with Somebody” suffers from thin dialogue and predictability — dull trappings intrinsic to biopics. Naomi Ackie as Whitney Houston in "I Wanna Dance with Somebody." To wit: Whitney Houston was a Black woman — ate Black, slept Black, lived Black, cried Black, walked Black and died Black. The most peculiar aspect of this criticism is the fact that nearly all American music is Black music. While Houston has mostly elided criticism that she wasn’t Black enough or didn’t make Black music, the spirit of this indictment lives on today.

A man was sentenced to life behind bars, with no hope of parole, on Monday for his role in the killings of eight members of an Ohio family whose lives were "cruelly taken" one night in 2016. "How sick and twisted is the Wagner family? "I pray, Judge Deering, that you see the true devil that George Wagner IV really is and make him suffer." Both Wagner brothers and their parents, Angela Wagner and George “Billy” Wagner III, were charged in connection with the slayings. Jake Wagner last year confessed to shooting five of the Rhoden family victims in exchange for the death penalty being removed as a possible punishment.

☆ Prepare for US house prices to slump, unemployment to spike, and a recession to set in, Harvard economist Kenneth Rogoff says
▼ + stars: | 2022-12-16 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Harvard economist Kenneth Rogoff expects a slump in US house prices and a wave of job losses. The Fed will likely have to keep interest rates higher for a while to crush inflation, he said. Rogoff expects that to hit asset prices and economic growth, making a recession a near certainty. "The Fed is nowhere near having conquered inflation," Rogoff said. Higher rates can temper inflation by encouraging saving and making borrowing more expensive.

An Ohio man accused of helping his family plan, carry out and cover up the killing of eight members of another family was found guilty of murder Wednesday. Both Wagner brothers as well as their parents, Angela Wagner and George “Billy” Wagner III, were charged in the killings. Angela Wagner pleaded guilty to a role in helping to plan the killings in exchange for a 30-year sentence. Edward "Jake" Wagner speaks to an attorney at the Pike County Courthouse in Waverly, Ohio, on Nov. 27, 2018. Jake Wagner said his brother froze and did not fire, leading Jake to kill the man himself, according to WLWT.

The stakes are high as it potentially affects the future use and effectiveness of extraordinary monetary policies such as bond-buying 'quantitative easing' (QE) and questions the wider political independence of central bank policymaking. The European Central Bank, Bank of England and U.S. Federal Reserve are all - to differing degrees - now facing a backwash from years of policy-driven but lucrative balance sheet expansion. As they lift interest rates, that balance sheet burns a hole in their pockets - or more particularly the pockets of their governments long used to windfalls coming the other way. That will surely climb as the BoE is expected to at least double its policy rate, the rate paid on bank reserves, by May. G4 central bank balance sheetsThe easy-money era is overReuters Graphics Reuters GraphicsThe opinions expressed here are those of the author, a columnist for Reuters.

☆ (video) Primul interviu al lui Roman Protasevici la un canal TV din Belarus. Acesta spune că vrea „să-și îndrepte greșelile”
▼ + stars: | 2021-06-04 | by ( Onixmedia Srl | ) diez.md time to read: +6 min

(video) Primul interviu al lui Roman Protasevici la un canal TV din Belarus. Acesta spune că vrea „să-și îndrepte greșelile”După ce acum câteva săptămâni a fost arestat la Minsk în urma deturnării avionului cu care călătorea din Atena spre Vilnius, jurnalistul belarus Roman Protasevici a apărut într-un interviu la postul de televiziune belarus ONT. De asemenea, acesta a povestit cum obținea informații din sursele din Belarus, a oferit mai multe nume de persoane care au participat la crearea subiectelor pentru NEXTA. În interviul difuzat joi, 3 iunie, Roman Protasevici a mărturisit că a organizat proteste antiguvernamentale, că vrea să-și îndrepte greșelile, l-a lăudat pe președintele Aleksandr Lukaşenko și a dat asigurări că îl respectă pe acesta. Exact din acest motiv, Roman Protasevici a fost plasat în noiembrie de autoritățile belaruse pe lista „teroriștilor urmăriți”.

Persons: Roman, Roman Protasevici, Lukașenko, Aleksandr Lukaşenko, . Jurnalistul, Protasevici, Dmitrii Prostasevici, Kenneth Roth, Maia Sandu, Aleksandr Lukașenko, Occident ., Viaciorka, Sofia Organizations: BBC, irlandeze, Hamas Locations: Belarus, Minsk, Atena, Vilnius, Minks, Sofia, Belarusului, Sofia Sapega, UE, Occident, Roman, belarus

☆ China propune utilizarea de coduri QR atribuite cetățenilor pentru a redeschide călătoriile internaționale. Acestea ar urma să conțină informații privind starea de sănătăte
▼ + stars: | 2020-11-23 | by ( Https | Www.Facebook.Com Unimedia.Info | Ion Ceban | ) unimedia.info time to read: +2 min

Președintele chinez Xi Jinping a cerut, în cadrul Summitului G20, un „mecanism global” care să folosească codurile QR, care sunt ușor de citit, pentru a redeschide călătoriile internaționale. Acestea vor conține informații privind starea de sănătate a persoanei care vrea să plece într-o călătorie. Codurile QR au fost utilizate pe scară largă în China pentru a ajuta la limitarea răspândirii Covid-19, conținând indicatori pentru starea de sănătate a fiecărei persoane. Orașul Hangzhou a anunțat că intenționează să realizeze o versiune permanentă a aplicației bazată pe cod QR, care să fie utilizată pentru a atribui cetățenilor un scor personal pe baza istoricului medical, a controalelor de sănătate și a obiceiurilor de viață. Aceste coduri QR au fost utilizate și în Singapore și Australia pentru urmărirea contactelor.

Persons: Xi Jinping, Xi, Kenneth Roth Locations: China, Chinei, Hangzhou, Singapore, Australia

Search resuls for: "Kenneth R"

16 mentions found