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NelsonHall Expands Global Analyst Team as Demand for Insurance, Healthcare & Pharma Market Insight Grows

October 8, 2020

BOSTON, LONDON and PARIS, Oct. 8, 2020 /PRNewswire/ — NelsonHall, the leading global analyst firm dedicated to helping organizations understand the ‘art of the possible’ in digital operations transformation, is delighted to appoint two new analysts in response to growing demand for business process services insight in the insurance, healthcare & life sciences, and pharmaceuticals sectors. These industries are becoming increasingly important in the current climate, and are undergoing major operational change, which is driving the need for deeper and more focused guidance on how organizations can transform their operations to thrive now and into the future.

Alisa Samoylova, based in London, has a background in scientific research and biotechnology, and also in procurement. After her initial assignment looking at procurement transformation, Alisa will focus on the pharma sector, starting with a major study of vendor capability from an operational perspective.

Ashley Singleton, based in

Lawsuit Against Danske Bank Grows to $1.1 Billion in Claims | Investing News

September 28, 2020

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COPENHAGEN (Reuters) – Claims against Danske Bank

in a lawsuit about one of the world’s biggest money laundering investigations have topped $1 billion, according to a Danish law firm.

Denmark’s biggest lender is under investigation in several countries including the United States over 200 billion euros ($235 billion) in payments made via its small branch in Estonia between 2007 and 2015, many of which the bank has said were suspicious.

Danish law firm Klar Advokater said it had filed a final round of complaints against the bank on behalf of 55 pension funds and other investors. U.S. law firms Grant & Eisenhofer and DRRT were behind the action.

With the latest filing in the Copenhagen City Court, 331 investors claim 7.1 billion Danish crowns ($1.12 billion) for losses resulting from the alleged money laundering, the firm said.

“For years, Danske said nothing publicly about the issue and even misrepresented the

In America, Money Grows On Trees, Right?

September 27, 2020

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Famous rapper, actor and filmmaker Ice Cube caught on to a recent trend in economic policy and proclaimed on Twitter that in the US, money grows on trees.

This idea has been popularized by economist and professor Stephanie Kelton, a major proponent of Modern Monetary Theory or “MMT.”

Advocates of MMT typically take on two slightly different policy paths, both worth describing.

One part of the MMT crowd simply states that deficits have no impact on the economy, and any inflation problem can be solved by raising taxes. In short, we keep the same monetary framework, issuing new debt to cover budget deficits, and we can more or less ignore the interest expense or the scary debt numbers that result. The goal of the politician is to maximize employment, investment, and consumption without causing inflation.

Ice Cube Joins The MMT Crowd:

Source: Twitter

The second faction of the MMT crowd

Chinese Industrial Companies’ Profit Grows for Fourth Month

September 27, 2020

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Inside Huawei Technology's Campus as Company Sues U.S. Over Equipment Ban in Escalating Legal Clash — Photographer: Qilai Shen/Bloomberg

Profits at Chinese industrial enterprises grew for a fourth consecutive month, as the country’s factories maintained momentum following the pandemic shutdown.

Industrial profits rose 19% in August, after July’s 19.6% increase, data from the National Bureau of Statistics showed Sunday. For the first eight months of the year, it was still down 4.4% from a year earlier.

The increase was due to factors including the continued recovery of production and demand as well as falling costs and fees for companies, the bureau said in a statement accompanying the data release. The bureau also pointed to a recovery in mining industry profitability and rapid growth in profits for equipment manufacturers.

The continued growth in profits was accompanied by a recovery in industrial output and slowing producer price deflation. However, that momentum could fade if the surprisingly strong export growth slows or domestic consumer demand doesn’t

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