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Japan stimulus measures should focus on economic growth, says head of ruling party tax panel

Japan stimulus measures should focus on economic growth, says head of ruling party tax panel

By Yoshifumi Takemoto

TOKYO, Oct 14 (Reuters)Japan must compile another extra budget to have enough funding to boost economic growth and paying for disaster preparations, a ruling party lawmaker said on Wednesday.

Akira Amari, the head of the Liberal Democratic Party’s tax panel, said any new stimulus measures should shift focus to boosting economic growth from providing support for current conditions.

Amari, speaking during a group interview with media, also said large businesses heavily reliant on foreign tourism could expect to start facing capital shortages next year.

His remarks came after local media reported on Tuesday that Prime Minister Yoshihide Suga plans to order his government to compile extra stimulus measures as early as November, a move that would highlight the government’s resolve to return growth to levels last seen before the COVID-19 crisis.

Japan has already rolled out a combined $2.2 trillion in two stimulus packages in response to the health crisis, including cash payments to households and small business loans to help them withstand the blow to demand.

(Reporting by Yoshifumi Takemoto; Writing by Daniel Leussink; Editing by Clarence Fernandez and Gerry Doyle)

((daniel.leussink@thomsonreuters.com; Twitter: @danielleussink; +81-3-4563-2747;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Berkshire Hathaway Specialty Insurance Names Louise Kidd Head of Third Party Lines in Ireland

Berkshire Hathaway Specialty Insurance Names Louise Kidd Head of Third Party Lines in Ireland

Berkshire Hathaway Specialty Insurance (BHSI) today announced that Louise Kidd has joined its growing European team as Head of Third Party Lines in Ireland.

“As our Irish team continues to expand, we are delighted to have Louise leading our efforts to bring proven underwriting acumen and service to the third-party risks of customers throughout Ireland,” said Hilary Browne, Country Manager, Ireland, and Head of Casualty, UK & Europe. “Her deep expertise in both Executive & Professional and Casualty Lines will fuel our ongoing growth and lasting partnerships with customers and brokers in the region.”

Louise comes to BHSI with nearly two decades of industry experience with a focus on third-party lines. She was most recently Financial Institutions and Commercial Professional Indemnity Underwriting Manager for AIG in Europe. Prior to that she held various positions including Head of Financial Lines Ireland. She holds an honours degree in Financial Services from John Moore Liverpool University and a Diploma in Company Direction from the Institute of Directors.

Louise is based in BHSI’s Dublin office and can be reached at louise.kidd@bhspecialty.com

In Europe, Berkshire Hathaway Specialty Insurance (BHSI) trades under Berkshire Hathaway European Insurance DAC (BHEI) and Berkshire Hathaway International Insurance Limited (BHIIL). BHEI, is an Irish domiciled Designated Activity Company, Registration Number 636883 and Registered Office at One Grant’s Row, Dublin D02 HX96. BHEI is an affiliate of Berkshire Hathaway Specialty Insurance Company (BHSIC), a Nebraska USA domiciled corporation, which provides commercial property, casualty, healthcare professional liability, executive and professional lines, transactional liability, surety, marine, travel, programs, accident and health, medical stop loss, homeowners, and multinational insurance, and is a subsidiary of Berkshire Hathaway International Insurance Limited (BHIIL), an incorporated England and Wales limited liability company, Registration Number 3230337 and Registered Office at 8 Fenchurch Place, 4th Floor, London EC3M 4AJ, United Kingdom.

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Tampa Bay Rays head to ALCS, crash party of big-market teams

Tampa Bay Rays head to ALCS, crash party of big-market teams

How’s that for a narrative shift?

“We might as well ruin their day up there in Connecticut,” said Rays reliever Pete Fairbanks, referring to ESPN’s headquarters in Bristol (ESPN won’t be broadcasting any of the ALCS games or the World Series). “We’re fine with it. We love it. We’re a good ballclub and we’re trying to go out there and win no matter how big the market is for the team we’re playing across.”

They swept the Toronto Blue Jays out of the wild-card round. Next they’ll take the noble role of battling the Astros. But the ALDS, the way it ended, was a true reflection of how odd and effective these Rays are.

It took five games to best the New York Yankees, who Fairbanks called ESPN’s “golden child,” who turned to Gerrit Cole, their $324 million ace, in Game 5. It took, really, a gutsy bullpen plan and Mike Brosseau’s late homer off Aroldis Chapman. Brosseau, undrafted in 2016, was nearly hit in the head by Chapman’s 101 mph fastball in September. Both benches cleared then, showing Tampa the unfamiliar space of tabloids and Internet debate. Then Chapman, on a $48 million contract himself, was beat by Brosseau on the 10th pitch of an eighth-inning at-bat Friday, a shot that chased the Yankees and swirled the Rays’ dugout into a mosh pit.

To get there, they used Nick Anderson, a late-inning reliever, for eight outs between the third and fifth. Fairbanks and Diego Castillo each pitched two frames behind him. Brosseau was the hero of an unbelievable ending. It was all very Rays, and now their run continues.

“Are you surprised?” Anderson asked, countering a question about using high-leverage relievers in early innings. “That’s kind of like the Rays way: Switch things up, do something a little different.”

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North Korea celebrates party anniversary amid economic woes

North Korea celebrates party anniversary amid economic woes

SEOUL, South Korea (AP) — North Korea on Saturday celebrated the 75th anniversary of its ruling party with outside observers expecting leader Kim Jong Un to take center stage in a massive military parade in capital Pyongyang, where the North could possibly unveil the latest weapons in its growing nuclear force threatening U.S. allies and the American mainland.

It wasn’t immediately clear as of Saturday morning whether any events were proceeding.

A programming schedule announced by North Korean television didn’t include plans to broadcast a military parade and mass rally, which South Korean government officials and private analysts have said were being prepared at Pyongyang’s Kim Il Sung Square.

While North Korean TV had provided live coverage of a 2017 military parade honoring the birth of Kim’s late grandfather and state founder Kim Il Sung, the next two military parades in 2018 were recorded and broadcast later.

This year’s anniversary comes amid deadlocked nuclear negotiations with the Trump administration and deepening economic woes, which analysts say are shaping up as one of the biggest tests of Kim’s leadership since he took power in 2011.

South Korean officials and analysts have said North Korea could showcase a new intercontinental ballistic missile or other nuclear-capable weapons during a parade, which would highlight how the country has continued to expand its military capabilities amid stalled nuclear talks.

But while he may put on a huge display of his military hardware, analysts say Kim will likely avoid direct or harsh criticism toward Washington during his speech at the event and instead focus on a domestic message of unity in face of economic hardship.

Many analysts believe North Korea will avoid serious negotiations or provocations before the U.S. presidential election in November as a change in U.S. government could force the country to recalibrate its

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‘A Republican Party unraveling’: GOP plunged into crisis as Trump abruptly ends economic relief talks, dismisses virus

‘A Republican Party unraveling’: GOP plunged into crisis as Trump abruptly ends economic relief talks, dismisses virus

For some Republicans, the 11th-hour repositioning may not be enough to stave off defeat. But the criticism, however muted, illuminates the extent of the crisis inside a party that is growing alarmed about its political fate and confused by Trump’s tweets and decision-making.

“It’s a Republican Party unraveling,” presidential historian Douglas Brinkley said. “They’re seeking to rid themselves of Trump at this juncture but realize they can’t quite yet. But they know his name is no longer kinetic on the campaign trail.”

GOP strategists said on Wednesday that the angst in the party could exacerbate in the coming weeks if stock markets are throttled by Trump cutting off talks with House Speaker Nancy Pelosi (D-Calif.) on a broader stimulus bill and if the pandemic’s toll worsens as temperatures drop across the nation and people move indoors.

Underscoring Trump’s unpredictability was the White House’s overtures to Pelosi Wednesday for a deal to rescue the airline industry.

“There are cracks and fissures all over the ice,” said Republican consultant Rick Tyler, a Trump critic. “The president spent months ignoring the virus and talking about the economy coming back. But when the president catches the virus and the economy doesn’t come back, what do you do? You try to survive.”

One senior GOP official close to Trump, who spoke on the condition of anonymity to speak candidly, compared this crossroads to when the “Access Hollywood” story broke in October 2016 and many Republicans distanced themselves from Trump, who on tape had bragged in vulgar terms about groping women.

“The situation is getting worse and worse,” the senior official said. “This is like ‘Access Hollywood’ because we’re all seeing terrible poll numbers. We didn’t think it’d be this bad at this point. Everyone is wondering where the bottom is, and they’re figuring out what

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