tyb as always
>>7430482 M&G suspends redemptions from real estate fund
notable
this from October 15
Neil Woodford to close down investment funds
The high profile career of investment manager Neil Woodford appears to be over after the one-time star stockpicker was fired from his flagship fund and quit as manager of his remaining two funds.
Woodford was sacked on Tuesday morning from his ÂŁ3.1bn Equity Income fund, which will be wound up in an effort to return cash to investors more than four months after its shock suspension.
The move was a major embarrassment to the former City investment guru, once referred to as the “Oracle of Oxford”, and on Tuesday evening he stepped down from his Income Focus Fund and the Woodford Patient Capital investment trust.
Woodford said he was closing down his business, based at an Oxford business park, which he started in 2015 after earning his reputation over 25 years at Invesco Perpetual. His three-decade career as a high-profile money manager now looks over.
https://www.theguardian.com/business/2019/oct/15/neil-woodford-equity-income-fund-wound-up
BREAKING: City of Port Neches, Texas, Evacuated
A voluntary evacuation has been ordered in the city of Port Neches, Texas, according to local media.
The evacuation has been issued due to “elevated levels of butadiene” from the first at the TPC plant in the city late last month.
BREAKING: Voluntary evacuation in Port Neches due to elevated levels of butadiene from TPC plant.
— KFDM News (@kfdmnews) December 5, 2019
https://newsbreakinglive.com/2019/12/04/breaking-city-of-port-neches-texas-evacuated/
np, we all are. between that, captcha, system cleans it's amazing so many here still.
dedication
same here. Amazed at what is being thrown at it.
Abe’s $239 Billion Stimulus Fails to Stir Japan’s Bond Market
Traders in Japan’s bond market seem to be shrugging off Prime Minister Shinzo Abe’smulti-billion dollar bid to revive the economy.
While Abe’s total stimulus package is worth about 26 trillion yen ($239 billion), headline figures for such announcements in Japan are typically inflated with promised loans and private-sector assistance. Details of the plan show it entails actual central government spending of just 7.6 trillion yen, which analysts say is too small to move the needle for the markets.
“Given it’s not a number that can boost economic growth and push up inflation to 2%, the impact over the bond market will be limited,” said Toru Suehiro, senior economist at Mizuho Securities Co. in Tokyo. “Considering the actual outlay, next year will just be slightly better than this year for the economy.”
Japan’s bonds hardly budged as the stimulus details were announced Thursday, largely holding on to the early losses they suffered in the wake of Wednesday’s sell-off in Treasuries. The benchmark 10-year yield was up 1.5 basis points at minus 0.025%.
https://www.bloomberg.com/news/articles/2019-12-05/abe-s-239-billion-stimulus-fails-to-stir-japan-s-bond-market
ty anon
o7
np