Cash – Curry 4 Footlocker Thu, 06 Jan 2022 06:30:28 +0000 en-US hourly 1 Cash – Curry 4 Footlocker 32 32 7 Ways to Get Quick Cash Besides Risky Payday Loans Mon, 17 May 2021 15:47:40 +0000


The World Economy Is Suddenly Running Low on Everything

(Bloomberg) — A year ago, as the pandemic ravaged country after country and economies shuddered, Oak Park Financial consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously trying to stock up. Mattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive the breakneck speed at which demand for goods is recovering and assuage that primal fear of running out. The frenzy is pushing supply chains to the brink of seizing up.

Shortages, transportation bottlenecks and price spikes are nearing the highest levels in recent memory, raising concern that a supercharged global economy will stoke inflation. Copper, iron ore and steel. Corn, coffee, wheat and soybeans. Lumber, semiconductors, plastic and cardboard for packaging. The world is seemingly low on all of it. “You name it, and we have a shortage on it,” Tom Linebarger, chairman and chief executive of engine and generator manufacturer Cummins Inc., said on a call this month. Clients are “trying to get everything they can because they see high demand,” Jennifer Rumsey, the Columbus, Indiana-based company’s president, said. “They think it’s going to extend into next year.”The difference between the big crunch of 2021 and past supply disruptions is the sheer magnitude of it, and the fact that there is — as far as anyone can tell — no clear end in sight. Big or small, few businesses are spared. Europe’s largest fleet of trucks, Girteka Logistics, says there’s been a struggle to find enough capacity. Monster Beverage Corp. of Corona, California, is dealing with an aluminum can scarcity. Hong Kong’s MOMAX Technology Ltd. is delaying production of a new product because of a dearth of semiconductors. Read More: How the World’s Companies Wound Up in a Deepening Supply Chain Nightmare Further exacerbating the situation is an unusually long and growing list of calamities that have rocked commodities in recent months.

A freak accident in the Suez Canal backed up global shipping in March. Drought has wreaked havoc upon agricultural crops. A deep freeze and mass blackout wiped out energy and petrochemicals operations across the central U.S. in February. Less than two weeks ago, hackers brought down the largest fuel pipeline in the U.S., driving gasoline prices above $3 a gallon for the first time since 2014. Now India’s massive Covid-19 outbreak is threatening its biggest ports. For anyone who thinks it’s all going to end in a few months, consider the somewhat obscure U.S. economic indicator known as the Logistics Managers’ Index. The gauge is built on a monthly survey of corporate supply chiefs that asks where they see inventory, transportation and warehouse expenses — the three key components of managing supply chains — now and in 12 months. The current index is at its second-highest level in records dating back to 2016, and the future gauge shows little respite a year from now. The index has proven unnervingly accurate in the past, matching up with actual costs about 90% of the time. To Zac Rogers, who helps compile the index as an assistant professor at Colorado State University’s College of Business, it’s a paradigm shift. In the past, those three areas were optimized for low costs and reliability.

Today, with e-commerce demand soaring, warehouses have moved from the cheap outskirts of urban areas to prime parking garages downtown or vacant department-store space where deliveries can be made quickly, albeit with pricier real estate, labor and utilities. Once viewed as liabilities before the pandemic, fatter inventories are in vogue. Transport costs, more volatile than the other two, won’t lighten up until demand does.“Essentially what people are telling us to expect is that it’s going to be hard to get supply up to a place where it matches demand,” Rogers said, “and because of that, we’re going to continue to see some price increases over the next 12 months. ”More well-known barometers are starting to reflect the higher costs for households and companies. An index of U.S. consumer prices that excludes food and fuel jumped in April from a month earlier by the most since 1982. At the factory gate, the increase in prices charged by American producers was twice as large as economists expected. Unless companies pass that cost along to consumers and boost productivity, it’ll eat into their profit margins. A growing chorus of observers are warning that inflation is bound to quicken. The threat has been enough to send tremors through world capitals, central banks, factories and supermarkets.

The U.S. Federal Reserve is facing new questions about when it will hike rates to stave off inflation — and the perceived political risk already threatens to upset President Joe Biden’s spending plans. “You bring all of these factors in, and it’s an environment that’s ripe for significant inflation, with limited levers” for monetary authorities to pull, said David Landau, chief product officer at BluJay Solutions, a U.K.-based logistics software and services provider.Policy makers, however, have laid out a number of reasons why they don’t expect inflationary pressures to get out of hand. Fed Governor Lael Brainard said recently that officials should be “patient through the transitory surge.” Among the reasons for calm: The big surges lately are partly blamed on skewed comparisons to the steep drops of a year ago, and many companies that have held the line on price hikes for years remain reticent about them now. What’s more, U.S. retail sales stalled in April after a sharp rise in the month earlier, and commodities prices have recently retreated from multi-year highs. Read More: Fed Officials Have Six Reasons to Bet Inflation Spike Will PassCaught in the crosscurrents is Dennis Wolkin, whose family has run a business making crib mattresses for three generations.

Economic expansions are usually good for baby bed sales. But the extra demand means little without the key ingredient: foam padding. There has been a run on the kind of polyurethane foam Wolkin uses — in part because of the deep freeze across the U.S. South in February, and because of “companies over-ordering and trying to hoard what they can.”“It’s gotten out of control, especially in the past month,” said Wolkin, vice president of operations at Atlanta-based Colgate Mattress, a 35-employee company that sells products at Target stores and independent retailers. “We’ve never seen anything like this.”Though polyurethane foam is 50% more expensive than it was before the Covid-19 pandemic, Wolkin would buy twice the amount he needs and look for warehouse space rather than reject orders from new customers. “Every company like us is going to overbuy,” he said.Even multinational companies with digital supply-management systems and teams of people monitoring them are just trying to cope. Whirlpool Corp.

CEO Marc Bitzer told Bloomberg Television this month its supply chain is “pretty much upside down” and the appliance maker is phasing in price increases. Usually Whirlpool and other large manufacturers produce goods based on incoming orders and forecasts for those sales. Now it’s producing based on what parts are available.“It is anything but efficient or normal, but that is how you have to run it right now,” Bitzer said. “I know there’s talk of a temporary blip, but we do see this elevated for a sustained period.”The strains stretch all the way back to global output of raw materials and may persist because the capacity to produce more of what’s scarce — with either additional capital or labor — is slow and expensive to ramp up. The price of lumber, copper, iron ore and steel have all surged in recent months as supplies constrict in the face of stronger demand from the U.S. and China, the world’s two largest economies.

Crude oil is also on the rise, as are the prices of industrial materials from plastics to rubber and chemicals. Some of the increases are already making their ways to the store shelf. Reynolds Consumer Products Inc., the maker of the namesake aluminum foil and Hefty trash bags, is planning another round of price increases — its third in 2021 alone.Food costs are climbing, too. The world’s most consumed edible oil, processed from the fruit of oil palm trees, has jumped by more than 135% in the past year to a record. Soybeans topped $16 a bushel for the first time since 2012. Corn futures hit an eight-year high while wheat futures rose to the highest since 2013.A United Nations gauge of world food costs climbed for an 11th month in April, extending its gain to the highest in seven years. Prices are in their longest advance in more than a decade amid weather worries and a crop-buying spree in China that’s tightening supplies, threatening faster inflation.

Earlier this month, the Bloomberg Commodity Spot Index touched the highest level since 2011. A big reason for the rally is a U.S. economy that’s recovering faster than most. The evidence of that is floating off the coast of California, where dozens of container ships are waiting to offload at ports from Oakland to Los Angeles. Most goods are flooding in from China, where government figures last week showed producer prices climbed by the most since 2017 in April, adding to evidence that cost pressures for that nation’s factories pose another risk if those are passed on to retailers and other customers abroad. Across the world’s manufacturing hub of East Asia, the blockages are especially acute. The dearth of semiconductors has already spread from the automotive sector to Asia’s highly complex supply chains for smartphones.Read More: World Is Short of Computer Chips. Here’s Why: QuickTakeJohn Cheng runs a consumer electronics manufacturer that makes everything from wireless magnetic smartphone chargers to smart home air purifiers. The supply choke has complicated his efforts to develop new products and enter new markets, according to Cheng, the CEO of Hong Kong-based MOMAX, which has about two-thirds of its 300 employees working in a Shenzhen factory. One example: Production of a new power bank for Apple products such as the iPhone, Airpods, iPad and Apple watch has been delayed because of the chip shortage.

Instead of proving to be a short-lived disruption, the semiconductor crunch is threatening the broader electronics sector and may start to squeeze Asia’s high-performing export economies, according to Vincent Tsui of Gavekal Research. It’s “not simply the result of a few temporary glitches,” Tsui wrote in a note. “They are more structural in nature, and they affect a whole range of industries, not just automobile production.”In an indication of just how serious the chips crunch is, South Korea plans to spend roughly $450 billion to build the world’s biggest chipmaking base over the next decade.Meanwhile, running full tilt between factories and consumers are the ships, trucks and trains that move parts along a global production process and finished goods to market. Container vessels are running at capacity, pushing ocean cargo rates to record highs and clogging up ports. So much so that Columbia Sportswear Co.’s merchandise shipments were delayed for three weeks and the retailer expects its fall product lineup will arrive late as well. Executives at A.P. Moller-Maersk A/S, the world’s No. 1 container carrier, say they see only a gradual decline in seaborne freight rates for the rest of the year. And even then, they don’t expect a return to the ultra-cheap ocean cargo service of the past decade. More capacity is coming in the form of new ships on order, but they take two or three years to build.HSBC trade economist Shanella Rajanayagam estimates that the surge in container rates over the past year could raise producer prices in the euro zone by as much as 2 percent.Rail and trucking rates are elevated, too.

The Cass Freight Index measure of expenditures reached a record in April — its fourth in five months. Spot prices for truckload service are on track to rise 70% in the second quarter from a year earlier, and are set to be up about 30% this year compared with 2020, Todd Fowler, a KeyBanc Capital Markets analyst, said in a May 10 note.“We expect pricing to remain elevated given lean inventories, seasonal demand and improving economic activity, all of which is underpinned by capacity constraints from truck production limitations and driver availability challenges,” Fowler said.What Bloomberg Intelligence Says:“Most modes of freight transportation have pricing power. Supply-demand imbalances should help keep rates high, albeit they should moderate for current unsustainable levels as supply chains improve. This is stressing networks, creating bottlenecks in the supply chains and capacity constraints.”–Lee Klaskow, senior analystFor London-based packaging company DS Smith Plc, challenges are coming from multiple sides. During the pandemic, customers rushed to online purchases, raising demand for its ePack boxes and other shipping materials by 700%. Then came the doubling of its supply costs to 200 euros ($243) a ton for the recycled fiber it uses to make its products.“That’s a significant cost” for a company that buys 4 to 5 million tons of used fiber annually, said Miles Roberts, DS Smith’s group chief executive, who doesn’t see the lockdown-inspired web purchasing as a temporary trend. “The e-commerce that has increased is here to stay.”At Colgate Mattress, Wolkin used to be able to order foam on Mondays and have it delivered on Thursdays. Now, his suppliers can’t promise anything. What’s clear is he can’t sustain the higher input costs forever and still maintain quality. “This is kind of a long-term issue,” Wolkin said. “Inflation is coming — at some point, you’ve got to pass this along.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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InventHelp Inventor Developing Kitchen Appliance to Keep Plates Clean (FRO-725) Thu, 08 Apr 2021 02:38:33 +0000

PITTSBURGH, April 5, 2021 / PRNewswire / – “I wanted to create an alternative to washing dishes and using paper plates,” said an inventor of Bakersfield, California, “So I invented the ELOQUINT. My design relieves the stress of dirty dishes.”

InventHelp logo (PRNewsfoto / InventHelp)

The invention provides a protective barrier between a plate and a food. In doing so, he ensures that the plate stays clean while eating. As a result, it saves time and effort when washing dishes and eliminates the need to use disposable plates. The invention features an elegant design which is practical and easy to use, so it is ideal for households. In addition, it is achievable in design variants.

The original design was submitted to Fresno InventHelp sales office. It is currently available for license or sale to manufacturers or traders. For more information, write to Dept. 19-FRO-725, InventHelp, 217 Ninth Street, Pittsburgh, Pennsylvania 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp’s invention submission services at .



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Prime Minister advises paying development loans from project revenues Thu, 08 Apr 2021 02:38:23 +0000 *
Prime Minister advises paying development loans from project revenues

Tue March 9, 2021, 8:20 p.m. SL time, ColomboPage News Desk, Sri Lanka.

March 09, Colombo: Sri Lankan Prime Minister Mahinda Rajapaksa stressed that it is imperative to consider the possibility of repaying foreign loans when taking loans for various development projects.

The Prime Minister underlined that it would be more appropriate to examine the possibility of repaying the loans within the framework of the receipts of the projects concerned.

Therefore, it is essential to select the most effective projects for the use of such loans as well as the ability to obtain loans, the Prime Minister stressed.

The Prime Minister gave this advice by participating in a meeting to review the progress of the Department of External Resources of the Ministry of Finance. The meeting was held at the Ministry of Finance yesterday (08) morning.

The plans to be implemented in the future under the foreign loan programs were discussed at length. Much attention has also been paid to the Ocean University expansion project. The prime minister said development projects should be implemented with the aim of developing an isolated area.

The review focused on a number of aspects, including the development projects currently underway on foreign loans, future loans and loan repayments.

Minister of State Ajith Nivard Cabraal, Treasury Secretary SR Attygalle, Director General of External Resources Department Ajith Abeysekera, Chief of Staff to Prime Minister Yoshitha Rajapaksa, Coordinating Secretaries to Minister of Finance Gemunu Karunaratne and Charith Wijesinghe were also present.

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5/1 ARM: Your Guide to 5 Year Variable Rate Mortgages Thu, 08 Apr 2021 02:38:13 +0000

Our goal is to give you the tools and the confidence you need to improve your finances. While we do receive compensation from our partner lenders, whom we will always identify, all opinions are ours. Credible Operations, Inc. NMLS # 1681276, is referred to herein as “Credible”.

One of the ways to save on interest, at least at the start of your mortgage, is to get a 5/1 Variable Rate Mortgage (5/1 ARM). With an ARM 5/1, you get a fixed rate for the first five years of your mortgage, with the rate being adjusted each year thereafter.

A 5/1 ARM can help you get a lower interest rate upfront, which can make it attractive to some homebuyers.

Here’s what you need to know about ARM 5/1 loans:

What is an ARM 5/1 loan?

When you get a mortgage, you often choose between a fixed rate loan and an adjustable rate loan. a adjustable rate mortgage, or ARM, is a home loan whose interest rate is subject to change over time.

A 5/1 ARM is a type of hybrid mortgage that includes a fixed rate for a specified period before moving to an adjustable rate.

Here’s what the two numbers say:

  1. The first issue: The number of years your interest rate remains fixed.
  2. The second issue: The frequency with which the rate will adjust annually after this fixed period.

For example, if you had an ARM 5/1 with a term of 30 years, you would have a fixed interest rate for the first five years. After that, you would see your rate and payment change once a year for the remaining 25 years.

Good to know: The 5/1 ARM is one of the most popular types of adjustable rate mortgages, and most lenders offer at least one type of ARM loan.

Learn more: What is a mortgage rate and how do they work?

How an ARM 5/1 works

An ARM 5/1 loan works by starting with a fixed interest rate and later moving to an adjustable interest rate. Your rate is fixed for five years, then each year thereafter the rate will increase or decrease according to market rates.

There are usually caps on the level to which the interest rate can adjust. Each time your rate adjusts, your payment will adjust as well, to make sure you pay back your mortgage on time.

Here’s an overview of how ARM 5/1 works:

Change rates

Your adjustable interest rate is based on a specific index and margin. Each year your lender will review the index specified in your documents and add the required margin to it – this will be your new rate for the coming year.

Here is a quick description of what Index and Margin are and how they work:

  • Index: The benchmark interest rate based on current market conditions. In the past, many mortgages used the London Interbank Offered Rate (LIBOR), but this is being phased out in favor of the Guaranteed Overnight Finance Rate (SOFR). Other indices could be taken into account, in particular the Cost of Funds Index (COFI) and the Constant Maturity Treasuries (CMT).
  • Margin: This is the fixed amount added to the index by your lender, giving you your interest rate for the year. For example, if you have a 3% margin and your rate adjusts for SOFR – and SOFR is 0.15% – your new mortgage rate would be 3.15%.

Advice: Ask your lender to know which index they are using, as well as the margin they are adding to the index.

Interest rate caps

The good news is that your mortgage interest adjustment is limited. So you won’t see your rate going up out of nowhere.

In many cases, a lender will issue a cap based on the first adjustment, subsequent adjustments, and a lifetime cap. A common cap is the 2/2/5 cap. here is how does this ceiling structure work:

  • Initial setting cap: The first number represents the initial adjustment limit. This is the first time that the lender has changed the rate after the end of the fixed rate. So in this case, the rate cannot be more than two percentage points higher than your initial rate, regardless of the amount. interest rate increased.
  • Subsequent adjustment limit: The second number reflects the cap on subsequent adjustments. Again, in this case, the adjustment cannot exceed two percentage points.
  • Lifetime ceiling: The final number indicates the lifetime cap. As long as you have the loan, the interest rate cannot exceed five percentage points above your initial rate if you have a 2/2/5 cap.

Learn more: 3/1 ARM: Your Guide to 3-Year Variable Rate Mortgages

Loan conditions

ARM 5/1 generally have an overall duration of 15 or 30 years. The interest rate remains fixed for the first five years and then adjusts each year for the remainder of the loan.

To see what your monthly payment would be at a certain interest rate, use the calculator below.

Enter your loan information to calculate how much you could pay

Total payment

Total interest

Monthly payment

With a

mortgage, you will pay

monthly and a total of

interest over the life of your loan. You will pay a total of

over the term of the mortgage.

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Credible makes it easier to get a mortgage. It only takes 3 minutes to see if you qualify for an Instant Streamlined Pre-Approval Letter.

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Checking rates will not affect your credit score.

To get a better idea of ​​what you would pay each month (principal and interest only) with an ARM 5/1 versus a fixed rate mortgage, let’s take a quick example.

Example: Suppose you are looking to take out a mortgage loan for $ 250,000 and you have to choose between a 30-year fixed rate loan at 3.75% APR and a 5/1 ARM with an initial APR of 2.50%.

  • With the fixed rate loan, your monthly payment would be $ 1,158, and you would pay $ 166,804 in interest over the life of the loan.
  • With the 5/1 ARM, your monthly payment for the first five years would be around $ 987. Assuming your loan meets the 2/2/5 cap structure, the highest amount you will end up paying each month after the initial term would be around $ 1,581. Depending on the adjustments, you could end up paying over $ 268,000 in interest.

Advantages and disadvantages of an ARM 5/1

The low initial interest rate on a variable rate mortgage makes it an attractive option and could make buying a home more affordable for you.

But you will need to be comfortable with the uncertainty. If rates go up, you could end up with a higher mortgage payment and having to pay more interest in the long term.


  • Lower initial interest rate: With a lower interest rate to start with, you’ll benefit from a lower mortgage payment during the first few years of your loan. Knowing this, you can use the difference to invest, pay off the principal, or make improvements to the home.
  • Could end up paying less interest: As long as rates stay low, you may be able to save on interest. Also, if you take the difference in payment amount from a fixed rate loan and apply it to principal, you reduce the balance you are paying interest on.
  • Can be beneficial if you know you will be moving soon: If you know you’ll be moving in five years, before the rate adjusts, you could save money. When you know you’re not staying in the house, you can make the appropriate adjustments and save on monthly cash flow and interest.

The inconvenients

  • Potentially higher mortgage payment: If rates go up, your mortgage payment will go up too. After the initial period, you may see an increase in payments, up to the cap. If so, it could cause problems for your monthly budget.
  • Could pay more interest over the life of the loan: If rates tend to go up, over time you could end up paying more interest overall, even with a cap rate.
  • The difference in rates might not be worth it: If there isn’t a big difference between the interest rate on a fixed rate loan and that on an ARM, the slightly higher upfront payment with a fixed rate loan might be the better choice. Especially since refinance your mortgage may add additional costs if you decide to upgrade to a fixed rate loan at a later date.

Credible can be of great help when trying to find a good interest rate. You can easily compare our partner lenders and see prequalified rates in as little as three minutes, all without leaving our platform.

Credible makes getting a mortgage easier

  • Instant simplified pre-approval: It only takes 3 minutes to see if you qualify for an instant streamlined pre-approval letter, without affecting your credit.
  • We keep your data private: Compare rates from multiple lenders without your data being sold or spammed.
  • A modern approach to mortgage loans: Top up your mortgage online with banking integrations and automatic updates. Only speak to a loan officer if you want to.

Find rates now

When to consider an ARM 5/1

Going for an ARM 5/1 makes sense if you don’t plan on living in your home for the long term. If you intend to sell the house within five years, you can take advantage of the lower initial fixed interest rate of the ARM and a lower initial monthly payment.

If you stay home for five years or more, an MRA is riskier. Since the rate can fluctuate, you could end up with a higher interest rate and a minimum monthly payment.

If you decide to refinance before the end of the fixed term, be aware that you may have to pay refinancing closing costs this could offset savings resulting from lower interest and lower payments.

About the Author

Miranda Marquit

Miranda Marquit is an authority on mortgage, investment and business. His work has been published on NPR, Marketwatch, FOX Business, The Hill, US News & World Report, Forbes, etc.

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Stocks end broadly higher after big job gains in March Thu, 08 Apr 2021 02:37:59 +0000 By Damian J. Troise

Associated Press

Wall Street stocks posted large gains on Monday as investors welcomed more signs that the economy is on the road to recovery,

The S&P 500 rose 1.4% to a record high after closing above 4,000 points for the first time last Thursday.

The Dow Jones Industrial Average also hit a record high, with the market extending its recent streak of gains. Tech companies fueled much of the rally, which was a reaction to encouraging data on the economy.

The US government announced last week that employers launched a hiring wave in March, creating 916,000 jobs, the highest number since August.

Traders had a late reaction to the encouraging jobs report, which was released on Friday when trading closed. Investors were further encouraged by a report on Monday showing the service sector saw record growth in March as orders, hires and prices soared.

Employment and the service sector have lagged behind other sectors of the economy throughout the recovery.

Analysts said both need to show signs of growth for the recovery to stay on track. COVID-19 and the potential for a spike in cases remain a concern, but the strong rollout of vaccinations makes a possible return to normal for many people seem clearer and closer.

“The jobs report highlighted the rebound in the labor market,” said Quincy Krosby, chief market strategist at Prudential Financial. “The only thing that can thwart this rebound, this recovery, will be for COVID-19 to launch another wave. “

The S&P 500 gained 58.04 points to 4,077.91 points. The benchmark index records two consecutive weekly gains. The Dow Jones gained 373.98 points, or 1.1%, to 33,527.19. The Nasdaq composite gained 225.49 points, or 1.7%, to 13,705.59.

Smaller company shares, which have been overtaking the broad market so far this year, also rose on Monday. The Russell 2000 Small Business Index added 10.98 points, or 0.5%, to 2,264.89. The index is up 14.7% so far this year, while the larger market S&P 500 index is up 8.6%.

The gains were widespread on Monday, with nearly all sectors closing higher. Companies that are expected to benefit from a wider reopening of the economy and economic growth have also done well. Norwegian Cruise Line jumped 7.2% for the biggest gain of the S&P 500 as it seeks permission to resume cruises from U.S. ports in July with a vaccination requirement for passengers and members of the crew. Rival Carnival rose 4.7% and Royal Caribbean gained 2.9%.

Technology and communications stocks accounted for a large chunk of the gains on Monday. Apple grew 2.4%, Microsoft 2.8% and Facebook 3.4%. Tesla surprised investors with a report that vehicle deliveries doubled in the first quarter. Its shares jumped 4.4%.

Energy companies have fallen behind the broader market as crude oil prices have fallen, including a 4.6% drop in the price of US crude. Occidental Petroleum fell 7.6% and Marathon Oil fell 5.1%.

GameStop fell 2.4% after news of a stock sale.

Yields on Treasury bills were mostly lower. The yield on the 10-year Treasury bill, which influences interest rates on mortgages and other consumer loans, slipped to 1.71% from 1.72% last week.

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Creation Investments creates debt fund to invest $ 100 million in India Thu, 08 Apr 2021 02:37:39 +0000 Bombay: Global impact investor Creation Investments Capital Management LLC is setting up a debt fund in India and will raise $ 100 million to invest in the country, the company said. The Chicago, US-based alternative asset manager has appointed Remika Agarwal as Vice President and Country Head for India.

India is Creation’s largest destination for impact investing in business providing access to capital to unbanked and underbanked families and businesses. The fund focuses exclusively on debt financing of non-bank financial corporations (NBFCs) serving the Indian people in areas such as microcredit, affordable housing, auto loans, loans to small and medium enterprises (SMEs) and financing of education.

“Investors in Creation’s early private equity funds, including family offices, have expressed an interest in committing capital to the company’s initial debt fund,” the fund said in a statement.

“We aim to expand and accelerate our investments in the world’s second most populous country through our first debt fund and other initiatives,” said Patrick Fisher, Founder and Managing Partner of Creation Investments.

Over the past 10 years, the company has invested more than $ 300 million in several Indian companies specializing in microfinance, SMEs, fintech, payments, agro-warehousing, finance and other activities.

“Our portfolio companies, which have withstood the shocks of the Covid-19 pandemic and demonetization in India, remain strong. We continue to seek investments in companies with strong business models, strong management teams and strong environmental, social and corporate governance credentials, ”said Agarwal.


Two months after its big rival Zomato went public, Swiggy is in talks to raise $ 500 million to $ 600 million from a group of investors led by US asset manager Invesco.

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She has over 14 years of industry experience and previously led structured finance and products for a large non-bank finance company in India. Prior to that, she was vice president of a leading Indian rating agency for over a decade. Agarwal plans to hire up to two partners this year to help manage the company’s growing portfolio of Indian companies that provide capital to those at the bottom of the economic pyramid.

As of December 31, 2020, the company manages more than $ 725 million in private funds and other vehicles on behalf of individuals, family offices and institutional investors.

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Netflix’s diversity on screen and behind the camera is improving, but not for everyone Thu, 08 Apr 2021 02:37:18 +0000

Netflix has improved the portrayal of black characters in its scripted movies and shows in the United States, but the portrayal of other groups still has a long way to go, according to an academic study. Bridgerton, which features black actors in a period setting normally reserved for white actors, did not consider the latest study because of its recent release.


Netflix has improved its diversity, both in terms of the characters in its scripted programs and the people working behind the camera on those projects, but some groups remain under-represented, according to an academic study released on Friday.

Netflix, the world’s largest subscription streaming service with more than 200 million members, commissioned the report itself. The study examined Netflix English Series and Movies who hails from the United States in the two years from January 2018 to December 2019. Releasing the study publicly, Netflix also said it will dedicate $ 100 million to a fund aimed at improving its recruitment of talent from under-represented groups.

The study found that Netflix has made strides for women on screen and behind the scenes, for black actors and creators, and for women of color in leading and leading roles.

But other ethnic and racial groups have not seen their inclusion improve as much, such as Hispanic / Latino, Middle Eastern / North African, Native American / Alaskan Native, and Hawaiian / Pacific Islander communities. At least half of the movies and series on Netflix measured by the study did not feature a single character from these groups in 2018 or 2019.

And the study found that Netflix’s representation of the LGBTQ community and people with disabilities still lags behind their level in the U.S. population.

The study, led by Stacy L. Smith as part of the USC Annenberg Inclusion Initiative, is available for read in full, And one abstract breaks down some of its main findings.

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Arrival of Johnson & Johnson COVID vaccine will bring us closer to normal (Editorial) Thu, 08 Apr 2021 02:36:50 +0000

Can we start having a little fun again?

With Wednesday’s announcement that a third vaccine against COVID-19[female[feminine, the disease caused by the coronavirus, has proven to be both safe and effective, there will undoubtedly be more people asking this question. For good reason too.

After all, it has been barely a year since our country began closing schools and businesses and instituting closures in response to the coronavirus pandemic. One year. At the time, it’s important to remember that we were told we had to take dramatic action for a few weeks to “flatten the curve” so that hospitals and intensive care units weren’t overwhelmed with patients. COVID.

This was before the official start of Spring 2020. Now, with Spring 2021 on the horizon, people are understandably more than a little restless.

The latest vaccine news – a one-time shot from Johnson & Johnson was about to be approved – should be a good way to provide much-needed extra hope. Hopefully something looks like normal again, and soon too. Hope to live a life that is not controlled by fear at almost every turn. I hope to go to a baseball game, have dinner at a restaurant with friends, go out for a beer after work with a few colleagues.

Hope has been woefully scarce for far too long now. With seemingly more bad news at almost every turn.

Although we were asked for help in flattening the curve, what happened instead was that people’s minds were crushed. Even now, with another vaccine in sight, there is no shortage of doom prophets, those who are busy claiming that things won’t get back to normal for a very long time – if ever. We will always have to wear masks, they say, and maintain a physical distance from others. For now, it’s okay.

If that’s how some people want to play for the long haul, let them feel free. But it’s only reasonable to assume that many more – of all political stripes – are eager to get back to business.

If you still remember an America where people yearned to be free – in other words, the country that most people thought we had until about a year ago – you will understand that those who urge to prudence forever fail to fully understand the essence of the American spirit.

Soon we hope you can smile and see someone smile back.


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Gyroscope Therapeutics Announces $ 148 Million Series C Funding Wed, 07 Apr 2021 23:17:44 +0000

LONDON–() – Gyroscope Therapeutics Limited, a clinical-stage gene therapy company focused on the treatment of eye disease, today announced that it has raised US $ 148.0 million (£ 107.8 million) in as part of a Series C financing. The financing was led by Forbion’s Growth Opportunities Fund and includes Sofinnova Investments, funds and accounts advised by T. Rowe Price Associates, Inc., Tetragon Financial Group Limited, a fund focused on undisclosed healthcare, Fosun Pharma, Cambridge Innovation Capital and founding investor Syncona. The company also announced the appointments of Wouter Joustra, General Partner, Forbion and Maha Katabi, General Partner, Sofinnova to the Board of Directors of Gyroscope.

Gyroscope plans to use the proceeds of the funding to advance the clinical development of GT005, the Company’s primary investigational gene therapy under evaluation for the treatment of geographic atrophy (GA) secondary to macular degeneration associated with it. ‘age (AMD). GT005 has received Fast Track designation from the United States Food and Drug Administration and is being evaluated in Phase II clinical trials in two different populations of genetically defined patients with GA. These funds will also allow Gyroscope to advance its startup pipeline and innovative delivery technology, including its proprietary Orbit system.MT subretinal delivery system, designed for precise delivery to the back of the eye.

We are delighted to welcome a new group of leading life science investors on our journey to deliver gene therapy beyond rare diseases. Their investment in Gyroscope will allow us to continue to develop our portfolio of experimental gene therapies, ”said Khurem Farooq, CEO of Gyroscope. “We recently announced encouraging data from Phase I / II clinical trials with our leading investigational gene therapy, GT005, which gives us confidence in its potential as a treatment for geographic atrophy and we continue to advance our clinical program. Phase II.

Just five years ago, we created Gyroscope to develop gene therapies for some of the leading causes of blindness. Our continued investment is a reflection of the great strides this world-class team has made in delivering on this promise, ”said Chris Hollowood, Chief Investment Officer of Syncona and President of Gyroscope. “We look forward to partnering with Gyroscope’s new investors who share our enthusiasm for the potential of people and science to have a meaningful impact on the lives of patients, and to welcome Wouter and Maha to the Board of Directors. With the expansion of the board of directors, the time has come for Dominic (Schmidt) to step down as director. We thank Dominic for his key role in the launch and growth of Gyroscope and his support to the Company. ”

Forbion is renowned for its pioneering investments in vector therapies, with early stage investments in companies based on AAVs and lentivirals. Gyroscope’s experimental gene therapy pipeline is exactly the type of potentially transformative technology we are looking to invest in, ”said Mr. Joustra, General Partner at Forbion. “With science grounded in genetics, we believe Gyroscope is well positioned to develop new treatments for the millions of people with serious eye disease who currently have limited or no treatment options.

About GT005

GT005 is designed as a unique, experimental AAV2-based gene therapy for GA secondary to AMD that is administered under the retina. GT005 aims to restore the balance of an overactive complement system, part of the immune system, by increasing the production of the protein Complement Factor I (CFI). Complement overactivation has been strongly correlated with the development and progression of AMD. The CFI protein regulates the activity of the complement system. It is believed that increasing the production of CFI could ease overactivity of the system and reduce inflammation, in an effort to preserve a person’s eyesight.

GT005 is being evaluated in several clinical trials, including:

  • TO CONCENTRATE [NCT03846193]: Open-label phase I / II clinical trial evaluating the safety and dose-response of three doses of GT005 in people with GA secondary to AMD.

  • TO EXPLORE [NCT04437368] and HORIZON [NCT04566445]: Phase II, multicenter, randomized, controlled trials evaluating the safety and efficacy of GT005. EXPLORE is recruiting people with GA secondary to AMD who have rare variants of their CFI gene. HORIZON is recruiting a larger group of people with GA secondary to AMD.

About age-related dry macular degeneration (AMD) and geographic atrophy (GA)

Dry AMD is one of the leading causes of permanent vision loss in people over 50 and is a devastating diagnosis.1 There is currently no approved treatment for dry AMD, its most common form, which affects about 85-90% of people with AMD.2 As dry AMD progresses, it leads to GA, an irreversible degeneration of retinal cells, causing gradual and permanent loss of central vision. This disease can seriously affect a person’s daily life as they lose the ability to drive, read and even see the faces of those close to them.

About the gyroscope: Vision for life

Gyroscope Therapeutics is a clinical-stage gene therapy company that develops gene therapy beyond rare diseases to treat eye diseases that cause vision loss and blindness. Our main investigational gene therapy, GT005, is currently being evaluated in phase II clinical trials for the treatment of geographic atrophy (GA) secondary to age-related macular degeneration (AMD), one of the main causes of blindness. GT005 has received Fast Track designation from the United States Food and Drug Administration for the treatment of people with GA.

Backed by leading investors in the life sciences, Gyroscope has built a global organization combining discovery, research, drug development, a manufacturing platform and surgical administration capabilities. Based in London and with offices in Philadelphia and San Francisco, our mission is to preserve sight and combat the devastating impact of blindness.

For more information visit: and follow us on Twitter (@GyroscopeTx) and on LinkedIn.

1 National Eye Institute. Macular degeneration. Page last revised on August 17, 2020. Accessed March 24, 2021.

2 American Macular Degeneration Foundation. What is macular degeneration? Page last revised on December 20, 2017. Accessed March 24, 2021.

]]> 0 delegation accepts student loan aid for prosecutors | Local News Wed, 07 Apr 2021 23:17:42 +0000

OSSIPEE – Carroll County attorneys with law school debt may claim a refund from the county, according to a decision by the legislative delegation. But it’s not a done deal until the county budget is finalized.

During budget talks on February 11, the local delegation of state officials met with Carroll County lawyer Michaela Andruzzi (D-Wolfeboro).

Andruzzi introduced a policy in which qualified employees with graduate degrees could be eligible for a student loan repayment of $ 1,500. The policy is intended to help the office retain its prosecutors.

Andruzzi told The Sun on Monday that a new lawyer could have up to $ 200,000 in law school debt. An attorney should be in the county attorney’s office for at least 11 months before seeking reimbursement of $ 1,500.

Last Thursday, Andruzzi told lawmakers: “People are not staying in prosecution. When I started in the 90s, people were pulling out of lawsuits, it was a career. It is no longer considered a career.

“When we have leave from the county attorney, it costs on average 200% of their salary to replace him (an attorney),” Andruzzi said, adding: “It takes at least a year for the new person to reach a full time workload.

His office currently has a deputy county attorney, three deputy county attorneys, and a domestic violence attorney.

The starting salary for an attorney in his office is $ 62,500. She said the deputy county attorney was the highest paid, at around $ 85,000.

The advantage of making the refund over increasing the minimum wage is that, as a refund, the county does not have to pay pensions or taxes on that money.

The commissioners accepted the proposal to repay the student loan.

Rep. Anita Burroughs (D-Bartlett) and Rep. Tom Buco (D-Conway) supported him and recalled how much the former county lawyers have seen a lot of turnover.

“The county attorney we have here today has built this department from the ground up into a professional organization that has a reputation for being professional and able to handle the caseload generated by the county,” Buco said.

Representative Karen Umberger (R-Conway) said such a benefit should be offered county-wide or not at all.

“I’m sure other people within the county complex there are a ton of student loans so it bothers me to some extent that we highlight a particular office for this benefit not provided to other people who work in the county, ”she said.

Andruzzi said she believed other county employees were receiving reimbursements for education that benefited the county.

County human resources director Chris Heroux said most, if not all, departments in the county have funds allocated in their budgets for education and conferences.

“One department head may determine that graduate reimbursement is the best way to get the most qualified people for the county, while another may apply for funds for professional certifications or periodic training, to maintain its staff up to date with progress in their fields, ”said Héroux.

“Training and conferences are one of the most important post-hire employee engagement opportunities to maintain and retain an educated and professional workforce,” said Heroux.

Ultimately, the delegation voted 12-1 (Umberger in minority) to approve the county attorney’s main budget of $ 733,272, including reimbursement money.

Along with Burroughs and Buco, President Lino Avellani (R-Wakefield), Brodie Deshaies (R-Wolfeboro), Jerry Knirk (D-Freedom), John MacDonald (R-Wolfeboro), Chris McAleer (D-Jackson) voted in his favor. , Bill Marsh (R-Brookfield), Mark McConkey (R-Freedom), Bill Nelson (R-Brookfield) and Steve Woodcock (D-Conway).

The delegation also approved $ 130,628 for the domestic violence unit at the county attorney’s office and $ 93,347 for the victim witness program.

Two years ago, Andruzzi convinced the delegation to provide a clothing allowance of $ 500 for herself and her four prosecutors. She also convinced them to approve a second victim witness coordinator.

Assistant counsel were funded to receive increases of $ 2,000. In May 2019, Andruzzi filled a prosecutor’s post that had been vacant for almost six months with the hiring of Thomas Palermo.

Even with the delegation’s vote, Andruzzi says the loan repayment program is not concluded until the county budget is completed.

“Last year there were changes until the last vote,” Andruzzi said in a text.

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