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1 Article
Source: The Guradian

Group led by Thomas Piketty presents plan for ‘a fairer Europe’

Today 20:54 GMT

A group of progressive Europeans led by the economist and author Thomas Piketty has drawn up a bold new blueprint for a fairer Europe to address the division, disenchantment, inequality and rightwing populism sweeping the continent.

* The manifesto is published on Monday by the Guardian, Le Monde, Der Spiegel, La Vanguardia, Gazeta Wyborcza, La Repubblica and Politiken

1 Article
Source: DW

Entire Berlin street bought up by Danish pension fund

Today 19:05 GMT

Danish pension fund PFA has bought the entire length of Thiemanstrasse, in Berlin's up-and-coming Neukölln district, the Berliner Morgenpost reported on Saturday.

Several of them now fear that the pension fund will try to recoup its investment by demanding higher rents, or that the reasonably-priced flats will be turned into luxury apartments as part of the ongoing gentrification of the area. Send Facebook Twitter google+ Whatsapp Tumblr linkedin stumble Digg reddit Newsvine. Read more: German real estate market a hotbed of money laundering, Transparency reports. Seventy-two-year-old Edeltraud Wude, who has lived in Thiemannstrasse since 2011, told the Morgenpostshe couldn't afford to pay a higher rent.

1 Article
Source: Reuters

Licking their wounds, fund managers prep for rally in '19

Today 15:25 GMT

Yet fund managers are finding things to like despite the recent market volatility, which sent the Dow Jones Industrial Average down more than 2 percent this week.

As they start to position their portfolios for 2019, fund managers, from firms including ValueWorks, Sierra Investment Management and Federated Investors, say they are looking at sectors that could snap back next year thanks to a combination of more attractive valuations and a decline in the dollar.

1 Article
Source: Common Domain

Mark Cuban says the best investing advice he got when young was to be as poor as possible first

Today 13:34 GMT

The billionaire Dallas Mavericks owner says the best pieces of investing advice he got when young was to be as poor as possible first.

Scrappy startup founders with stars in their eyes fight to get on “Shark Tank” now, where Cuban and his castmates offer advice and compete to invest in fledgling companies. He made his first millions in the technology business and has since parlayed that stake into billions.

1 Article
Source: The Week

Be cautious with crowdfunding

Today 10:48 GMT

Here are three of the week's top pieces of financial advice, gathered from around the web:. Be cautious with crowdfunding It's wise to be careful when donating to an online crowdfunding campaign, said Consumer Reports.

The fund now hopes to have 20 percent of its real estate ­portfolio — about $5.7 ­billion — invested in the riskier properties.

1 Article
Source: Fox News

Trump accuses Dems of 'playing games' with border wall funding

Saturday 12:41 GMT

President Trump on Friday told a national law enforcement conference that Democrats are “playing games” with funding for border security, amid gridlock on Capitol Hill over his call for a border wall.

House Democratic leader Nancy Pelosi on Thursday said that she also won’t accept a deal on the Deferred Action for Childhood Arrivals (DACA) program in exchange for border wall funding and said that the wall is “immoral, ineffective and expensive.”

1 Article
Source: Global News

Victims of Danforth shooting, Yonge Street attack to receive Toronto Strong recovery funds

Saturday 12:41 GMT

The city says a campaign dubbed Toronto Strong raised more than $4 million to support both victims of an April van attack that killed 10 and injured 16, as well as a shooting on bustling Danforth Avenue that killed a teenage woman and a 10-year-old girl and wounded 13.

Victims and families impacted by two major tragedies in Toronto this year have officially received millions of dollars raised to support their recovery.

1 Article
Source: Common Domain

Being Smart About Work-Study at College

Saturday 12:41 GMT

To apply for work-study, students need to complete the Free Application for Federal Student Aid, or Fafsa—the government form for financial-aid consideration—and should answer yes to the question: “Are you interested in being considered for work-study?”. Answering yes won’t guarantee a position, but some schools will award work-study only to students who expressly indicate a desire for it.

Students can search for off-campus work-study opportunities, which aren’t always as well advertised as on-campus jobs, says Abril Hunt, an outreach manager who focuses on financial literacy for ECMC, a nonprofit that helps students and families plan and pay for college.

1 Article
Source: Global News

No federal supports, funding planned for children caught up in opioid crisis

Saturday 23:38 GMT

While the federal health minister says it “breaks her heart” to watch the Global News story about a family ripped apart by a fentanyl overdose, there is no funding or services planned to help children caught up in the opioid crisis.

Judy Darcy isn’t promising any specifics for funding around children caught up in the opioid crisis either, but she tells Global News there is a big focus provincially on trauma-informed counselling for children and youth, as well as fighting stigma.

1 Article
Source: Reuters

Fed up with Facebook, U.S. fund managers look for alternatives

Friday 11:46 GMT

Woodard, the Manning & Napier fund manager, said his firm would not purchase shares of Facebook again in its growth strategies, and instead would put the company into a fund that focuses on “companies that need to fix themselves” if he were to buy it again. For that to happen, Facebook’s stock price would need to be “significantly lower,” he said.

Funds that have dumped Facebook, whose shares helped lead the broad U.S. market higher the last two years, are now favoring investments ranging from payments companies like Visa Inc (V.N) and Worldpay Inc (WP.N) to consumer companies including PepsiCo Inc (PEP.O) and Chef’s Warehouse Inc (CHEF.O) because they expect the troubles at the social media company to continue as it leaves its era of rapid growth behind.

1 Article
Source: Common Domain

China ETFs Look to Rebound

Saturday 22:44 GMT

This could be a strategic entry point for investors, says Jonathan Krane, founder and chief executive officer of KraneShares ETFs, a China specialist that operates a range of funds, notably the $1.77 billion KraneShares CSI China Internet ETF (KWEB), down almost 26% this year through November, after surging almost 70% in 2017.

Exchange-traded funds focused on China have taken a pounding this year amid trade tensions and a cooling of the Chinese economy.

1 Article
Source: Common Domain

Activist Investors Are Spending More and Shifting Their Strategies

Saturday 05:10 GMT

Activist investors, spending more cash than ever, are shifting their attention to new targets and honing their strategies.

Activist hedge funds that strong-arm companies into changing their ways currently have invested nearly $300 billion, according to the report. About $74 billion was spent in the year that ended in September, more than double the amount invested in all of 2016.

2 Articles
Source: CBS News

Pelosi says House will receive briefing on Khashoggi murder next week

Friday 19:07 GMT

Democratic Minority Leader Nancy Pelosi said Trump administration officials will hold a closed-door briefing for some members of the House next week on the murder of dissident Saudi writer Jamal Khashoggi and U.S. assistance to the Saudi-led military offensive in Yemen.

Pelosi called the wall "ineffective" and "expensive" and said any border security funds in appropriations legislation should not be used for the erection of a wall.

1 Article
Source: Common Domain

Daniel Och Takes Another Step Back From The Hedge Fund Empire He Built

Saturday 07:01 GMT

?Billionaire investor Daniel Och is ceding a big chunk of his ownership in Och-Ziff Capital Management Group LLC following a period of upheaval for the biggest publicly traded hedge-fund firm in the U.S.. Och-Ziff said Thursday that Och-Ziff’s founder and several former managing directors would sell 35% of their shares to Och-Ziff’s executive managing directors in the form of a new share class.

The moves offer the latest signal that Mr. Och intends to step back from the firm he founded after years of turmoil for employees and investors.

1 Article
Source: Common Domain

Congress Passes Temporary Spending Bill

Saturday 07:01 GMT

Congress passed a two-week spending patch on Thursday, all but ensuring the government will avoid a partial shutdown this weekend.

Two-week spending patch will avert a government shutdown as lawmakers debate whether to increase funding for border security


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte