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Business Leaders from Finance, Technology, Retail and Hospitality Call For Civility and Patience Ahead of The 2020 Election | News

October 14, 2020

WASHINGTON, Oct. 14, 2020 /PRNewswire/ — In partnership with the Leadership Now Project, more than 50 of our nation’s business leaders released a statement: “America Has Held Successful Elections Amid Crises Before. We Can and Must Do So Again,” which underscores the importance of maintaining confidence in an election held during an unprecedented health crisis. Signatories include Greylock Partner and LinkedIn Co-Founder Reid Hoffman, D. E. Shaw & Co. Managing Director Eddie Fishman, The Baupost Group CEO Seth Klarman, Lumi Labs Co-Founder and former Yahoo CEO Marissa Mayer, Harvard Business School Professor Michael Porter, General Assembly CEO Lisa Lewin, KIND Snacks Executive Chairman Daniel Lubetzky and K1 Capital Management CEO Neil Malik, among other leaders.

With an unprecedented number of Americans voting by mail because of the pandemic, officials have consistently stressed that we may not know the outcome

New Zealand National party leader Judith Collins calls obesity a ‘personal choice’ | World news

October 14, 2020

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New Zealand opposition leader Judith Collins has been criticised for calling obesity a “personal choice”, creating a headache for her National party which is struggling in the polls ahead of Saturday’s election.

Collins told radio station Newstalk ZB that “people need to start taking some personal responsibility for their weight” before joking that weight gain was not an epidemic and “wasn’t catching”.

New Zealand is listed by the OECD as the third fattest country in the world, with 31% of Kiwis regarded as obese. Aotearoa sits behind only Mexico (32%) and the United States (38%). Two in three Pasifika (66%) and half of Māori (48%) are obese.

Collins attacked suggestions her views oversimplified a complex issue or were heartless. “Do you know what is heartless? Thinking that someone else can cure these issues. We can all take personal responsibility,” she said.

She criticised parents on the AM Show, saying: “It

SPAC News: 13 Things to Know About a Finance of America IPO

October 13, 2020

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InvestorPlace – Stock Market News, Stock Advice & Trading Tips

Finance of America news for Tuesday includes an initial public offering (IPO) through special purpose acquisition company (SPAC) Replay Acquisition (NYSE:RPLA).

Source: Shutterstock

Here’s what potential investors need to know about the SPAC news.

Finance of America will become a publicly-traded company by merging with Replay Acquisition.
This plan values the lending company at $1.9 billion.
The transaction already has $250 million in confirmed support from investors via a private investment in public equity (PIPE) of $10 per share.
Cash proceeds for the new company include that PIPE funding and $288 million of cash in trust belonging to Replay Acquisition.
This should allow the company to begin public operations with a minimum of $250 million in cash and cash equivalents.
One thing worth noting about this SPAC news is the support from Blackstone Tactical Opportunities.
This is a

Trump dismisses ‘Fake News’ reports that his campaign is low on money

October 13, 2020

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President TrumpDonald John TrumpTwo ethics groups call on House to begin impeachment inquiry against Barr Trump relishes return to large rallies following COVID-19 diagnosis McGrath: McConnell ‘can’t get it done’ on COVID-19 relief MORE dismissed reports that his campaign is “running low on money” early Tuesday morning, vowing to spend personal funds on his reelection bid if necessary.

“I keep reading Fake News stories that my campaign is running low on money. Not true, & if it were so, I would put up money myself. The fact is that we have much more money than we had 4 years ago, where we spent much less money than Crooked Hillary, and still easily won,” Trump tweeted, referring to former Democratic presidential nominee Hillary ClintonHillary Diane Rodham ClintonWhen do problems with mail-in ballots become a problem for the media? Trump campaign official blames Biden lead on ‘skewed’ polls Trump’s Hail

Business School establishes new Singapore Green Finance Centre | Imperial News

October 13, 2020

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Imperial has joined forces with Singapore Management University to open a new research centre dedicated to green finance and talent development.

The Singapore Green Finance Centre is backed by the Monetary Authority of Singapore and several leading global financial institutions.

It will draw on the respective strengths of Imperial College Business School and Singapore’s Lee Kong Chian School of Business (LKCSB) in climate finance and risk, market economics and sustainable investing. The centre aims to equip institutions and professionals with the information and skills needed to develop the scope of activities and priorities of green finance in Asia.

The centre also aims to develop a strong pipeline of green finance talent, and its multi-disciplinary research and training will help enable the transition of capital markets in Asia towards a low carbon future.

The new research centre will be jointly led by Professor David Fernandez, Director of the Sim Kee Boon

Personal tragedy, public dissembling: Gladys Berejiklian’s days seem numbered | Australia news

October 12, 2020

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History is littered with women brought undone by the actions of men, women who have seen their lives upended when their partners behaved like scoundrels.

But Gladys Berejiklian?

Will she become the third premier of New South Wales whose career is ended by events before the Independent Commission Against Corruption?

It seems likely.

The revelations of Berejiklian’s “close personal relationship” with the former MP for Wagga Daryl Maguire, who is before the commission over allegations of corrupt conduct, have come as a bombshell.

Even more astounding is that the relationship, begun in 2015, continued until August this year. This was after Berejiklian sacked Maguire from the Liberal party, forced him to sit on the crossbench and prevailed on others to get him to resign as the member for Wagga Wagga.

The allegations against Maguire are in the public domain and in substantial detail.

In her press conference on Monday after

Pope Meets Australian Cardinal Pell in Midst of Money Scandal | Top News

October 12, 2020

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VATICAN CITY (Reuters) – Pope Francis met on Monday with Australian Cardinal George Pell, the Vatican’s former economy minister who has returned to Rome after the firing of an Italian cardinal whom Pell had accused of obstructing financial reform.

Pell was cleared earlier this year of sexual abuse charges in Australia after spending 13 months in prison, and it remains unclear whether he will take up another role in the Vatican.

The Vatican announced the meeting between Pell and Pope Francis in a statement on the pope’s daily private audiences, but gave no details. “It went very well,” Pell told reporters in front of his residence just outside the Vatican walls.

Pell returned to Rome on Sept. 30, just days after the pope fired Pell’s nemesis, Italian Cardinal Angelo Becciu, who was accused of embezzlement and nepotism. Becciu has denied all wrongdoing.

While Becciu was number two in the Vatican’s

Daimler, Swiss Re Launch Mobility Insurance Venture | Investing News

October 12, 2020

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FRANKFURT (Reuters) – Swiss Re

and carmaker Daimler

announced a joint automotive and mobility insurance venture on Monday, seeking to tap into a wealth of new data generated by highly automated vehicles to help insurers to calculate risk.

The reinsurer and Daimler, parent of the Mercedes-Benz passenger car brand, set up Movinx, a Berlin-based intermediary they will co-own equally, the companies said in a statement.

As connected and autonomous cars generate live data about traffic flows, vehicle reflexes and driver behaviour, the companies expect new opportunities will arise to customise automotive and mobility insurance products.

“Even before cars come off the manufacturing line, we know the specific features and how that car would react in an emergency situation and we can provide a score to insurance partners to better underwrite the risk,” said Pravina Ladva, Swiss Re’s digital transformation officer.

Swiss Re already offers to price risk by looking at

Gladys Berejiklian says she was in ‘close personal relationship’ with former MP when he resigned | Australia news

October 12, 2020

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The premier of New South Wales, Gladys Berejiklian, was in a “a close personal relationship” with a former MP when he was forced to resign from parliament amid a corruption scandal.

But the premier has denied knowing about improper conduct by the former Wagga Wagga MP Daryl Maguire, telling the Independent Commission Against Corruption on Monday she “made the assumption that he was always doing the right thing”.

The NSW Icac is investigating allegations Maguire misused his position as an MP and parliamentary secretary to improperly gain a benefit for himself or for G8way International, a company he “effectively controlled”.

The inquiry previously heard Maguire sought payments to help broker deals for Chinese property developers, and helped “grease the wheels” of a deal to sell the racing heir Louise Waterhouse’s land near the proposed western Sydney airport in 2017 and 2018.

But in bombshell revelations on Monday, Berejiklian revealed she

Kiplinger’s Personal Finance: Now’s the time for estate tax planning | Business News

October 11, 2020

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kiplinger-retirement-2020930 — There are several estate planning strategies to consider before the rules change.

tribune news service

This year is an opportune time to consider succession and wealth planning.

One reason is the federal estate and gift tax exemption is at a historic high of $11,580,000 in 2020 — $23,160,000 for couples if portability is elected on a federal estate tax return. Portability allows a married decedent’s unused estate and gift tax exemption to pass to the surviving spouse. The tax rate is 40%.

This exemption amount expires at the end of 2025, but if the Democrats win big in November, odds are good the exemption will fall sooner because Joe Biden has called for lowering it. He hasn’t given an exact figure, but it could revert to pre-2018 levels of about $5 million ($10 million for couples), with inflation adjustments.

Here are two estate planning strategies to consider now before the