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1 Article
Source: Common Domain

The Morning Ledger: Slow Switch to New Rates Pressures Treasurers

Today 14:30 GMT

The European Union is lagging behind the U.S. and U.K. in efforts to switch to new benchmarks underpinning financial contracts, pressuring treasurers at eurozone companies, CFO Journal reports.

Libor, let's move on: Regulators want financial markets around the world to stop referencing interest rates derived from bank estimates. The move is spurred by a manipulation scandal involving the London interbank offered rate used in hundreds of trillions of dollars worth of contracts, including mortgages and corporate loans.

1 Article
Source: Fox News

Ocasio-Cortez and Amazon versus common sense

Today 19:05 GMT

Presumably, Ocasio-Cortez wants Amazon to pay its fair share of taxes – especially with the news that Amazon boasts $11.2 billion in profits, but is using tax code provisions to avoid having to pay any taxes.

After the tech giant canceled its plan to move in to Long Island City, Ocasio-Cortez celebrated because, in her words, she and her comrades “defeated Amazon’s corporate greed, its worker exploitation, and the power of the richest man in the world.”

1 Article
Source: The Guradian

Chinese province bans app-based homework to save pupils' eyesight

Today 16:20 GMT

A Chinese province plans to ban teachers from assigning homework to be completed on mobile phone apps as part of efforts to preserve students’ eyesight.

Along with barring app-based homework assignments, the regulation would limit the use of electronic devices to 30% of total teaching time and encourage the issuing of paper homework to be completed by hand.

1 Article
Source: Global News

‘Zombie deer disease’ has spread to 2 provinces and 24 states

Monday 05:08 GMT

An infectious disease often referred to as “zombie deer disease” has shown up in two Canadian provinces and at least 24 states, the U.S. Centre for Disease Control and Prevention (CDC) warned, with a potential risk it could spread to humans.

CDC recommends hunters test animals for CWD before eating them in areas where the disease is known to be present, and to not shoot or handle meat from deer that look strange or are acting strangely.

1 Article
Source: The Guradian

‘We have to try’: the migrants who brave frostbite in a desperate trek over the Alps

Sunday 18:09 GMT

On Friday morning, as skiers glided under a flawless blue sky down the resplendent slopes of Claviere, a tiny Italian ski resort on the French border, four migrants were contemplating their next move.

The Dublin agreement definitely needs to change but, in general, leaders need to be less egotistical and more compassionate.”

1 Article
Source: Common Domain

A Jekyll-and-Hyde economy Nah. Long expansion unlikely to morph into recession

Sunday 16:19 GMT

The festering trade battle with China, a strong dollar DXY, -0.10%   that makes U.S. exports more expensive, a weaker global economy and slower auto sales, among other things.

The Federal Reserve last week said industrial production fell in January for the first time in eight months, another warning sign that points to a slowdown in the U.S. economy. Whatever the case, the spotty trends in housing and manufacturing aren’t enough to cast a dark shadow over everything else.


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