Browsed by
Tag: history

Billionaire investor Howard Marks warns investors should expect the lowest returns in history and the market is vulnerable to ‘negative surprises’

Billionaire investor Howard Marks warns investors should expect the lowest returns in history and the market is vulnerable to ‘negative surprises’

Howard marks


  • In a memo released Tuesday, billionaire investor Howard Marks warned investors to expect the “lowest prospective returns in history.” 
  • The Oaktree Capital Management co-founder said he’s been forecasting low returns for the last few years, but when the pandemic caused the Fed to move interest rates lower, expected returns lowered as well. 
  • Marks listed an array of reasons interest rates lowered returns, ranging from their stimulative effect to the reduction in the risk-free rate. 
  • “In my view, when uncertainty is high, asset prices should be low, creating high prospective returns that are compensatory,” Marks said. “But because the Fed has set rates so low, returns are just the opposite.”

Billionaire investor Howard Marks warned investors in his latest memo to expect the lowest returns in history, and said that the market is vulnerable to “negative surprises.” 

“In my view, the low interest rates represent the dominant characteristic of the current financial environment, creating the dominant consideration for investors: the lowest prospective returns in history,” the co-founder and co-chairman of Oaktree Capital Management wrote. 

In his memo titled “Coming Into Focus” released Tuesday, he said that for years he has been describing a vulnerable investment environment with the “lowest prospective returns ever,” pro-risk behavior from investors hunting for high returns, excessive asset prices, and an unusually high level of uncertainty.

Read more: MORGAN STANLEY: Buy these 44 cheap stocks poised to surge as the economy continues to recover and reopening expands.

When the coronavirus pandemic prompted the Federal Reserve to lower interest rates, a policy  move Marks viewed as necessary, expected returns lowered even more, he said. Marks listed an array of reasons interest rates lowered returns, ranging from their stimulative effect to the reduction in the risk-free rate. 

“After a brief foray into bargain-land in March,

Read the rest
History Of Employer-Based Health Insurance In The U.S. : NPR

History Of Employer-Based Health Insurance In The U.S. : NPR

As more Americans lose their jobs due to the pandemic, they also lose their health insurance tied to their employment. NPR dives into the origins of employer-based health insurance in the U.S.



MARY LOUISE KELLY, HOST:

Millions of people have lost their jobs due to the coronavirus pandemic. And along with the loss of work, many of those same Americans no longer have health insurance. Now, other developed countries like Britain, Germany, Japan, have different systems – a universal system that covers everyone, regardless of whether you’re employed or not.

AILSA CHANG, HOST:

So how did the U.S. end up with an employer-based system instead? Well, our colleagues over at NPR’s history podcast Throughline wanted to find out. Their latest episode tells the story of the battle for health insurance in the U.S. It’s long and complicated, and it could have ended up another way. Today they’re going to share the moment employer-based health insurance was cemented in the U.S. Here are hosts Rund Abdelfatah and Ramtin Arablouei.

(SOUNDBITE OF ARCHIVED NPR BROADCAST)

RUND ABDELFATAH, BYLINE: In 1953, Dwight D. Eisenhower was sworn in as the country’s 34th president.

(SOUNDBITE OF ARCHIVED RECORDING)

FRED M VINSON: …Preserve, protect and defend the Constitution of the United States so help you God.

PRESIDENT DWIGHT D EISENHOWER: So help me God.

JIM MORONE: The Eisenhower administration comes in – the only Republican administration between 1932 and 1968 – long stretch of Democrats.

ABDELFATAH: This is Jim Morone. He’s a political science professor at Brown University and co-author of the book “The Heart of Power”. Before Eisenhower, several Democratic presidents pushed for federally backed social safety nets, some successful, others not so much. Franklin D. Roosevelt passed Social Security, and after that, Harry Truman tried and failed to bring about a universal health care

Read the rest
Premiere: Sipprell Gets Creative With Homemade Visuals For “Bad History”

Premiere: Sipprell Gets Creative With Homemade Visuals For “Bad History”

Last month, South London singer-songwriter Sipprell released her latest EP, Bad History, a six-track collection of gems flecked with dashes of jazz, R&B, Latin influences and electronica, but all focused around her softly-delivered vocals. Today she returns with visuals for the title track which, for obvious reasons, were homemade.

Directed by Aiden Harmitt-Williams, the video was filmed this summer in her flat and clearly the restrictions of lockdown have brought out her inventive side. Starting out as a seemingly lowkey affair, much of the first half centres around shots of Sipprell, relaxing in fairly casual attire, but then we switch to the garden and all of a sudden we’re in another century and she’s dressed in a huge flowing dress with an even larger hat.

“We filmed the video with a very small team at my flat on one of the hottest days of the year,” she told Complex over email. “The idea was to show different versions of myself from different times. We got creative with props and styling and made the most out of the space. It’s very much a homemade lockdown visual. We had fun and I’m proud of how it came out!”

“Bad History” is taken from the EP of the same name, which is out now.

Source Article Read the rest

Sipprell Gets Creative With Homemade Lockdown Visuals For “Bad History”

Sipprell Gets Creative With Homemade Lockdown Visuals For “Bad History”

Last month, South London singer-songwriter Sipprell released her latest EP, Bad History, a six-track collection of gems flecked with dashes of jazz, R&B, Latin influences and electronica, but all focused around her softly-delivered vocals. Today she returns with visuals for the title track which, for obvious reasons, were homemade.

Directed by Aiden Harmitt-Williams, the video was filmed this summer in her flat and clearly the restrictions of lockdown have brought out her inventive side. Starting out as a seemingly lowkey affair, much of the first half centres around shots of Sipprell, relaxing in fairly casual attire, but then we switch to the garden and all of a sudden we’re in another century and she’s dressed in a huge flowing dress with an even larger hat.

“We filmed the video with a very small team at my flat on one of the hottest days of the year,” she told Complex over email. “The idea was to show different versions of myself from different times. We got creative with props and styling and made the most out of the space. It’s very much a homemade lockdown visual. We had fun and I’m proud of how it came out!”

“Bad History” is taken from the EP of the same name, which is out now.

Source Article Read the rest

Google testing new ‘call history’ feature for Google My Business

Google testing new ‘call history’ feature for Google My Business

Google testing new ‘call history’ feature for Google My Business







// Load the SDK

(function(d, s, id){ var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) {return;} js = d.createElement(s); js.id = id; js.src = "https://connect.facebook.net/en_US/sdk.js"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk'));

Source Article Read the rest