Month: September 2020

German Cabinet approves 2021 budget with high borrowing

Germany’s Cabinet on Wednesday approved a 2021 budget that foresees significant borrowing for the second consecutive year as Europe’s biggest economy tries to lessen the fallout of the coronavirus crisis.

The budget plan calls for spending of 413.4 billion euros ($485 billion) next year, down from this year’s exceptionally high 508.5 billion euros, a figure which was swollen by spending on rescue packages.

The crisis has derailed the government’s dedication to keeping its budget balanced, long a point of pride. After six years in the black, it is borrowing 217.8 billion euros this year to finance rescue and stimulus packages and cover an expected shortfall in tax revenue.

“We know that the pandemic isn’t over yet,” said Finance Minister Olaf Scholz, noting that the government plans to borrow a further 96.2 billion euros to cover next year’s extra spending.

“We can return to times in which we don’t have to

Read More

Hunt Companies Finance Trust Announces Quarterly Dividend Increase

NEW YORK, Sept. 17, 2020 /PRNewswire/ — Hunt Companies Finance Trust, Inc. (NYSE: HCFT) (“we”, “HCFT” or “the Company”) announced the declaration of a cash dividend of $0.085 per share of common stock with respect to the third quarter of 2020, which represents a 13% increase over the second quarter of 2020 dividend of $0.075 per share.  The dividend is payable on October 15, 2020 to stockholders of record as of the close of business on September 30, 2020.

About HCFT

HCFT is a Maryland corporation focused on investing in, financing and managing a portfolio of commercial real estate debt investments.  The Company primarily invests in transitional floating rate commercial mortgage loans with an emphasis on middle-market multi-family assets.

HCFT is externally managed and advised by OREC Investment Management, LLC, a Delaware limited liability company.  For additional information about OREC Investment Management, LLC, please see its Form ADV and

Read More

Health exchange insurance rates coming down | Local News

Health insurance premiums will fall in 2021 for New Mexicans enrolled in beWellnm, the state’s Obama-era insurance exchange for workers who aren’t offered health coverage through employers and those who are self-employed.

The New Mexico Office of Superintendent of Insurance reported Tuesday that “silver” plans — those ranked in the middle category — will drop an average of 8.1 percent to 13.5 percent next year.

Consumers can choose from three levels of plans offered by five insurance carriers participating in the exchange.

Santa Fe has the lowest decreases among the state’s five regions at 6.7 percent for bronze plans, 8.1 percent for silver plans and 7.2 percent for higher-level gold plans.

The premium costs for a 40-year-old in Santa Fe will decrease by an average of $21.78 a month for a bronze policy, for a monthly rate of $296.94; $34.30 a month for a silver policy, for a rate of

Read More

President Kiir fires South Sudan’s finance minister

September 16, 2020 (JUBA) – South Sudanese President Salva Kiir has sacked the finance minister Salvatore Garang from office on Wednesday apparently for his failure to ensure regular salary payment of government workers.




a man wearing a suit and tie: Salvatore Garang (ST photo)


© Provided by Sudan Tribune
Salvatore Garang (ST photo)


In a presidential decree broadcast by the official TV station, SSBC, President Kiir removed Garang from his position as finance minister six months after his appointment with the revitalized transitional cabinet formed on 12 March.

Kiir appointed Athian Ding Athian as the new minister of finance.

There is no official statement about the reason for the removal of the former minister.

Speaking before the Business Committee of Transitional Legislative Assembly on Thursday 10 September, Garang said that his ministry has no money to pay salaries.

He stressed that his ministry receives only the income of one cargo of oil (600,000 barrels) per month. Also, he pointed out the

Read More

Dental and health insurance are converging. Here’s what it means for patients and payers

Health insurers are moving in on the profitable turf dental insurers have claimed for decades; the number of health plans offering adult dental benefits more than doubled in the past two years, according to a new survey of dental- and health-insurance leaders we conducted earlier this year.

As the convergence accelerates, more consumers can expect their health plans to offer dental insurance, albeit with a separate premium – a model that could come to dominate the market in the next few years.

With any fundamental shift in healthcare, however, comes a slew of urgent, complex questions: Will some dental payers be left in the dust? How can they best adapt to these changing conditions? What are the obstacles to convergence? And what will this shift mean for consumers?

Convergence: an opportunity or a threat?
While the vast majority of consumers still rely on standalone dental insurance, such insurers are fast

Read More

UBS Buying Credit Suisse? Give It a Chance

UBS Chairman Axel Weber and his counterpart Urs Rohner at Credit Suisse are talking about a tie-up that would help the merged bank compete better against U.S. and Asian rivals, Inside Paradeplatz reported on Monday. Weber would stay on beyond his expected departure in 2022 while Credit Suisse Chief Executive Thomas Gottstein would retain his role, the report said. That would place UBS’s incoming CEO Ralph Hamers in a rather awkward position, and Weber would be the chief architect on the project.

Neither firm has commented. Weber has been exploring the idea in the regular course of exploring strategic options, Bloomberg News reported.

Dismissing this challenging transaction outright would be a mistake. True, UBS is already the world’s biggest wealth manager. But combining with its smaller competitor would see it pull further away from the pack in terms of scale and the efficiency that brings. Technology investment will only get

Read More

Total government liabilities rise to Rs 101.3 lakh crore in Q1: Finance ministry report



a close up of a sign: Total government liabilities rise to Rs 101.3 lakh crore in Q1: Finance ministry report


© Provided by CNBCTV18
Total government liabilities rise to Rs 101.3 lakh crore in Q1: Finance ministry report

Total liabilities of the government increased to Rs 101.3 lakh crore at end-June 2020 from Rs 94.6 lakh crore at end-March 2020, according to the latest data on public debt. The total debt of the government stood at Rs 88.18 lakh crore at end-June 2019.

Public debt accounted for 91.1 percent of total outstanding liabilities at end-June 2020, the quarterly report on public debt management released on Friday said.

Nearly 28.6 percent of the outstanding dated securities had a residual maturity of less than five years, it said, adding the ownership pattern indicates a share of 39.0 percent for commercial banks and 26.2 percent for insurance companies at end-June 2020.

During the first quarter of the current fiscal, the central government issued dated securities worth Rs 3,46,000 crore as against Rs 2,21,000

Read More

Access The Best Homeowners Insurance In Spokane, WA With KBG Insurance & Financial

SPOKANE, WA / ACCESSWIRE / September 18, 2020 / Spokane, WA based KBG Insurance & Financial is making it their mission to bring the best insurance policies to their community. As part of their efforts, the agency wishes to highlight the advantages their customers stand to gain from their services. In doing so, they hope to encourage their community to act today and get the insurance coverage they deserve. Learn more here: https://kbginsurancefinancial.business.site/.

According to the agency, the true power in homeowner’s insurance lies in stiff competition, which is why they make it a point of working with only the top providers in the region. By giving their customers access to the excellent policies offered by these providers, KBG Insurance & Financial asserts that homeowners are far less likely to find themselves without help in the event of an emergency.

“Home is where you should have the most peace of

Read More

NY Sports Club latest chain to seek bankruptcy protection

Updated

Read More

How Ethereum’s DeFi Darling YFI Reached $1 Billion In 2 Months

Yearn.finance’s native governance token, YFI, is now the second-biggest decentralized finance (DeFi) coin in the cryptocurrency market. Its market capitalization has surpassed $1.1 billion just one and a half months after its launch.

Four major components contributed to the rapid success of yearn.finance: unique supply, an active community, a respected developer, and innovative products.

Unique Supply, No Premine, Decentralized

The process of yearn.finance’s launch garnered the attention of many DeFi enthusiasts since the beginning. 

Andrew Cronje, the main developer behind yearn.finance, rebranded, and relaunched iearn.finance with a suite of products. Cronje released YFI with no premine, a fixed supply of just 30,000 tokens, and no founder reward.

The transparent and decentralized launch of yearn.finance, which also gives YFI token holders all the governance rights, made the DeFi protocol unique. 

“The lead developer behind

Read More