spending Archives - Zxcoachoutlet

Trump: Favor-seekers benefit after spending big at his businesses: NYT

October 11, 2020

Individuals, foreign governments, and lobbyists are spending big at Trump’s resorts and hotels and gaining from his administration, a New York Times investigation found.
It found that 60 individuals had spent $12 million in Trump’s businesses and, in some form, saw their interests advanced by his administration.
Trump won the election in 2016 pledging to “drain the swamp,” but is profiting from favor-seekers patronizing his hotels and resorts.
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More than 200 foreign governments, lobbying groups, and individuals spent money in President Donald Trump’s businesses and benefitted from his administration, a New York Times investigation found.

It documents how foreign government officials, corporate executives, lobbyists, and attorneys patronized Trump businesses and were awarded lucrative federal contracts, ambassadorship, and appointments to federal task forces. Others secured legal changes. For some, the favor granted by the president was a tweet.

According to the Times investigation, 60

Big spending to influence California propositions

October 10, 2020

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Campaign finance records fall quickly these days, as big money gets bigger and new records are set each election cycle. Still, what’s happening in 2020 is staggering.

According to the nonpartisan Center for Responsive Politics, over $3 billion has been raised so far for the presidential race, breaking previous records, and “dark money” groups whose largesse is harder to track are spending “unprecedented amounts of money to influence the 2020 election.” Deep blue California won’t see Donald Trump or Joe Biden on this year’s campaign trail, but its deep-pocketed donors from both parties are playing huge parts in the race for the White House.

And it’s not just federal spending charting new territory. Money to sway voters on statewide ballot measures is also flowing fast, with more than a half-billion dollars spent so far, according to an analysis by this news organization — the bulk of that on just three

EXCLUSIVE-Duke Energy boosts capital spending to fight climate change

October 9, 2020

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By Ross Kerber

BOSTON, Oct 9 (Reuters) – Top U.S. utility Duke Energy Corp DUK.N plans billions of dollars of new spending this decade as it ramps up efforts to slash greenhouse gas emissions, executives told Reuters.

The move comes amid growing pressure from Democratic politicians and activist investors for power producers to reduce their hefty contribution to climate change.

“If you’re going to pursue the more aggressive carbon-reduction targets, you’re going to retire coal earlier, you’re going to be replacing it earlier with renewables, batteries, storage etcetera,” said Duke Chief Financial Officer Steve Young in an interview.

“That pushes up the capital profile,” he said.

According to Young and to an investor presentation to be made on Friday, Duke will boost projected capital spending by $2 billion to $58 billion for the period from 2020 to 2024, and projects a capital plan “in the range of $65 billion

Dollar, yen move downward after US spending improves investor sentiment, appetite for riskier currencies

October 8, 2020

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FOX Business’ Edward Lawrence on FOMC meeting regarding the impact of the coronavirus stimulus on economic recovery.

SINGAPORE – The safe-haven dollar and yen nursed losses on Thursday, after the revival of hopes for some U.S. spending improved investor sentiment and appetite for riskier currencies.

A flurry of late-Tuesday tweets from President Donald Trump, after he canceled talks with Democrats over coronavirus relief, suggested he was open to piecemeal spending measures.

That lifted equity markets and commodity currencies and sank the safe-haven yen to a three-week low of 106.11 per dollar overnight. The dollar was weaker on most other majors.PELOSI: ALL TRUMP WANTED IN CORONAVIRUS RELIEF NEGOTIATIONS WAS ‘TO SEND OUT A CHECK WITH HIS NAME ON IT’

The euro edged up 0.2% to $1.1767 and held there early in the Asia session. The risk-sensitive Australian dollar lifted off a one-week low and rose about 0.5% overnight to hold

Australia to issue $170 bln debt in 2020/21 as govt spending surges

October 7, 2020

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By Swati Pandey

SYDNEY, Oct 7 (Reuters) – The Australian government will issue bonds worth A$240 billion ($170.4 billion) in the current financial year, surprisingly unchanged from earlier projections despite a massive increase in spending to bolster the coronavirus-ravaged economy.

The Australian Office of Financial Management (AOFM), which manages the government’s debt, said on Wednesday the weekly bond tender would be between A$3 billion and A$4 billion in most weeks for the remainder of the 2020 calendar year, from A$4-A$5 billion now.

The AOFM added that A$117 billion of the A$240 billion expected issuances for the year-ending June 2021 has already been undertaken.

“An unchanged issuance task and no new bonds this calendar year mean a flatter curve and tighter spreads,” said Robert Thompson, Sydney-based rates strategist at RBC.

AOFM’s unchanged issuance target comes despite a larger-than-expected budget deficit estimate for the 2020/21 fiscal year of A$213.7 billion

How to Dress Like “Emily In Paris” Without Spending All Of Your Money

October 7, 2020

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From Seventeen

~~If you watched~~ When you watched Emily in Paris over the weekend, you probably had many thoughts running through your mind as you finished the new Netflix series in one sitting (because there is no other way to do it). Will Emily end up with Mathieu or Gabriel? When do we get a season two? And obviously, where is her incredible phone case from? I’m right there with you, but really, it was the outfits for me.

From tweed jackets to extremely pink ensembles and so many accessories, Emily became more of a style icon with every single episode. I honestly haven’t felt this way about a character’s wardrobe since Gossip Girl, so I immediately set out to recreate the looks. I quickly realized almost all of the outfits cost hundreds of thousands of dollars, and so my dreams of wearing quilted purses and

Australia plans big spending pandemic measures, record debt

October 6, 2020

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Gallery: Which government’s COVID support has been most generous? (Lovemoney)

a person standing in front of a building: Some government cash handouts and furlough schemes around the world are coming to an end, while others look set to stay until 2021 and beyond. From paying wages to offering one-off payments, salary subsidies and even monthly allowances, click or scroll through to find out how 30 countries compare in terms of support for their citizens. All dollar amounts in US dollars unless otherwise stated.

CANBERRA, Australia (AP) — The Australian government Tuesday will reveal a big spending financial blueprint for the next few years that will drive business investment and job creation while repairing pandemic damage to the economy, the treasurer said.

A sign advertising a 70 percent off sale is displayed in a store in Sydney, Tuesday, Oct. 6, 2020. The Australian government will reveal a big spending financial blueprint for the next few years that will drive business investment and job creation while repairing pandemic damage to the economy. (AP Photo/Rick Rycroft)

© Provided by Associated Press
A sign advertising a 70 percent off sale is displayed in a store in Sydney, Tuesday, Oct. 6, 2020. The Australian government will reveal a big spending financial blueprint for the next few years that will drive business investment and job creation while repairing pandemic damage to the economy. (AP Photo/Rick Rycroft)

A man walks past a derelict butcher shop in Sydney, Tuesday, Oct. 6, 2020. The Australian government will reveal a big spending financial blueprint for the next few years that will drive business investment and job creation while repairing pandemic damage to the economy. (AP Photo/Rick Rycroft)

© Provided by Associated Press
A man walks past a derelict butcher shop in Sydney, Tuesday, Oct. 6, 2020. The Australian government will reveal a big spending financial blueprint for the next few years that will drive business investment and job creation while repairing pandemic

Marty Walsh’s latest campaign finance report shows an uptick in spending. Hmm

October 5, 2020

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Mayor Martin J. Walsh, who hasn’t yet said if he’s running for re-election next year, increased his campaign spending last month, including doling out more than $50,000 on consultants, new campaign finance data show.

He continues to have significantly more cash in the bank than City Councilors Andrea Campbell and Michelle Wu, who have already announced they are running for mayor in 2021.

In September, Walsh’s campaign spent more than $90,000, according to state records. That amount represents an increase in expenditures compared to recent months; the campaign spent more than $29,000 in August, and more than $33,000 in both June and July. May saw the campaign spend more than $530,000, but that figure included a half-million-dollar donation to the Boston Resiliency Fund, which was set up to help those most in need during the COVID-19 pandemic.

Some political observers say Walsh’s September campaign finance spending could represent a ramp-up

Summer spending boosted Britain but winter job cuts have yet to bite

October 4, 2020

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Video: U.S. Job Gains Slow as Economic Recovery Downshifts (Bloomberg)

U.S. Job Gains Slow as Economic Recovery Downshifts

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The UK economy continued its rapid rebound from the depths of the coronavirus lockdown in August, the latest official data on growth is expected to show on Friday, but many economists are braced for a grim winter as job losses mount.

a group of people standing in front of a building: Photograph: Justin Tallis/AFP/Getty Images

© Provided by The Guardian
Photograph: Justin Tallis/AFP/Getty Images

The Bank of England’s chief economist, Andy Haldane, predicted last week that GDP would be “only around 3-4% below its pre-Covid level” by the end of the third quarter, covering July to September.

That would imply further significant increases in the UK’s economic output since July, when output remained 11.8% below the level hit in February, according to figures from the Office for National Statistics. The full picture for the third quarter will not be evident until

Japan August Household Spending Seen Falling for 11th Straight Month: Reuters Poll | Investing News

October 2, 2020

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TOKYO (Reuters) – Japanese household spending is expected to have fallen for a 11th straight month in August, a Reuters poll found on Friday, suggesting the coronavirus crisis is still weighing heavily on consumer confidence.

Analysts say the economy is rebounding gradually after suffering its worst post-war contraction in the second quarter, but the jobs and wage situation remain weak.

New COVID-19 cases in Japan have been on a general downward trend recently but appear to be levelling off.

Household spending likely fell 6.9 % in August from a year earlier, the poll of 14 economists showed, after a 7.6 % fall in July.

Compared with the previous month, household spending is forecast to have risen 3.2% in August from a 6.5% decline, the poll found.

“As the coronavirus cases resurged in Japan, people’s self-restraint stance towards spending on entertainment and tourism persisted,” said Takeshi Minami, chief economist at Norinchukin