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    (Bloomberg) – Local bond rates have been hit hard, but the market expects the uptrend to slow down in the coming weeks. The sell-off of US Treasuries, combined with better prospects for local economic growth amid a rapid deployment of vaccines and a boom in copper prices, were the perfect formula for rates to skyrocket in the US. second half of February. The mounting upward pressures on US yields could still boost local rates a bit more, but that rise would not be as significant as seen in recent weeks, said Sebastián Ide, manager of the trading area at Banco de Chile. Rates on nominal Treasury bonds due 2030 increased 33 basis points in the last two weeks, while rates on bonds due 2035 rose 50 basis points. Rates indexed to the CPI also rose, erasing most of the decline recorded since mid-December. “At the current level, rates should stabilize...
    EFE Latam Trump to close conservative forum in Florida with elections on the agenda Miami, Feb 21 (EFE News) .- Big technology and freedom of expression, China, mobs and street violence, and the “protection” of elections are part of the agenda of the Conservative Political Action Conference (CPAC ), which will be closed by former US President Donald Trump in Orlando (Florida) next Sunday.
    I HAVE mixed feelings about the new clapping for heroes on Thursday evenings and wasn’t at all surprised it didn’t have anywhere near the same impact this time round. Of course we should be showing all of our front-line workers, teachers, police officers and those keeping our country going that we value and appreciate them, but nipping outside for a few minutes in the cold and dark to burst into applause obviously isn’t the same as a decent wage. ⚠️ Read our coronavirus live blog for the latest news & updates 8The new clapping for heroes on Thursday evenings didn't have anywhere near the same impact this time roundCredit: Getty Images - Getty What NHS workers at the coal face would also prefer is everyone obeying the rules, staying at home, wearing a mask, observing social distancing and generally not behaving like aeholes. It was hard enough for nurses,...
    A reckless woman has cheated death after climbing over a high-rise balcony to dangerously pose for the 'perfect' social media photo. Horrified at the antics unfolding, a man from a nearby apartment filmed the woman risking her life for a selfie at Mooloolaba's Seaview Resort on Queensland's Sunshine Coast. In the clip, the woman can be seen climbing over the balcony - located on the 11th floor of the high rise hotel - before then kneeling on the ledge as her friend searches for the best photo angle. After finishing the shoot, the woman then struggles to pull herself up to safety over the balcony. The man who filmed the woman (pictured above) risking her life for a selfie was 'just dumb' Craig Hawkins from Queensland Police 'couldn't believe' the footage he witnessed. 'These people are putting their lives at risk for a trivial photo,' he said. 'It is...
    Getty Cam Newton The New England Patriots are 4-6, and that kind of record for such a successful franchise is bound to create criticism and suggestions. One of the most common suggestions you’ll read–especially when it comes from members of the media and those of us who study the video and analytics attached to the sport–is the cries to expand the offensive scope. Follow the Heavy on Patriots Facebook page for the latest breaking news, rumors, and content!Go Down the FieldUSA Today’s Henry McKenna ranks Patriots coaches and players after games based on their performance/impact on the previous game. Damiere Byrd finished No. 1 after a career-best performance in the loss to the Houston Texans on Sunday. However, offensive coordinator Josh McDaniels wasn’t lauded for his gameplan and play-calling. McKenna wrote this short synopsis and piece of advice for McDaniels moving forward....
    WEST LOOP — A team of Chicago-based developers is mulling a 26-story tower with 383 residential units for the northwest corner of Randolph and Elizabeth streets, according to a zoning application filed with the city this week.  The 292-foot-tall proposal from architect-developer Thomas Roszak and business partner Dan Moceri would replace the Gateway Auto Service garage at 160 N. Elizabeth St. as well as a cluster of low-rise brick buildings fronting Randolph St. The plan includes parking for 117 cars and 150 bicycles plus 10,000 square feet of retail space. The design features a three-story brick podium topped by a glassy tower with a setback on the 14th floor, based on elevation drawings attached to the application.  The proposal will require a zoning change from the city and the support of Ald. Walter Burnett Jr. (27th) before it can move forward. It’s unclear when the project will be publicly presented...
    If humans ended greenhouse gas emissions tomorrow we would still see global temperatures continuing to rise for several centuries, a new study claims.  Scientists used a computer model called ESCIMO to simulate the effect of different greenhouse gas emission reductions on changes in the global climate to 2500, based on records spanning all the way back to 1850.   Even if all human-made greenhouse-gas emissions were reduced to zero this year, global temperatures will still be around 5.4°F (3°C) warmer in 2500 than 1850, they found.   Sea levels, meanwhile will rise by around eight feet (2.5 metres) by 2500, compared to 1850, submerging glaciers and flooding land, even if we stopped greenhouse gas emissions tomorrow, the model found.  Even if human-induced greenhouse gas emissions can be reduced to zero, global temperatures may continue to rise for centuries afterwards, according to a simulation of the global climate between 1850 and 2500  RELATED...
    It’s probably the lowest thing Gov. Cuomo has ever done, and that’s saying something. On Monday morning, when everyone else was celebrating the spectacular news that Pfizer’s vaccine for COVID-19 looks 90 percent effective, Cuomo, as is typical, reverted to politics. “We can’t let this vaccine plan go forward the way Trump is planning it,” Cuomo said. “We need to fix it or stop it before it does damage.” First he let people die in nursing homes because of his ineptitude. Now Cuomo wants the body count to keep climbing because god forbid President Trump oversee a vaccine effort. “What on earth is Governor Cuomo talking about?” Republican Sen. Ben Sasse rightly said in a statement. “This is great news and everyone — Republicans and Democrats and apolitical folks – should all be jointly thrilled about the possibility of an effective vaccine. “After this nasty virus has killed hundreds of...
    Pakistan host Zimbabwe as cricket rehabilitation gathers pace 18 things to do if you want to retire early Covid Vaccine Would Help World Avert Crisis With Ballooning Debt (Bloomberg) -- The world is headed toward a massive debt burden because of the pandemic, but finding and distributing a vaccine would allay risks, according to a report by S&P Global Ratings. Load Error The recent surge in coronavirus cases in the U.S. and Europe is underscoring the importance of finding a vaccine as soon as possible, first and foremost for public health, but also for the global economy. “Although we’re heading toward record levels of debt-to-GDP, we believe a near-term debt crisis is unlikely,” according to Alexandra Dimitrijevic, global head of research at S&P in the note. The rebound in economies is predicated on the wide availability of a Covid-19 vaccine by mid-2021 and continued accommodative monetary policies, according...
    Amid a rise in reported COVID-19 cases, Montgomery County, Maryland, updated the indicators its health department uses in case it needs to roll back on some of the reopening provisions allowed in Phase Two. “We have been monitoring the uptick in cases to determine whether it was an anomaly, but the increase in cases has been consistent over the last few weeks,” Health Officer Dr. Travis Gayles said. The seven-day moving average case rate per 100,000 in the county has been on the rise starting Oct. 13, according to the Maryland coronavirus website. The test positivity rate — the percentage of tests coming back positive for the virus — remains below a key global bench mark of 5%. In Montgomery County, it’s currently 3.1% However, Gayles said his team is seeing concerning increases, particularly in people age 40 and older. The primary indicators that the county will be analyzing are: ...
    VIDEO1:2001:20Stagflation risks are growing as long-term Treasury yields rise: Peter BoockvarTrading Nation Investor Peter Boockvar believes Wall Street is on the cusp of taking inflation more seriously. With the 10-year and 30-year Treasury Note yields trading around four-month highs, the Bleakley Advisory Group chief investment officer warns high inflation paired with slower economic growth, otherwise known as stagflation, is becoming a major risk. "A stagflationary-type environment, if it were to happen, is the market's worst nightmare," he told CNBC's "Trading Nation" on Tuesday. "Higher inflation becomes particularly dangerous because it's going to come with still very mediocre economic growth."  He predicts the impact would have far-reaching consequences. "[It] could handcuff the ability of the Fed to do more easing, lead to higher interest rates which would crimp a very credit-dependent economy and can also hurt... those high-flying P/E stocks," said Boockvar, a CNBC contributor. He notes higher long-term yields, which...
    CHICAGO -- Illinois State Police are seeking high-definition cameras and license plate scanners as expressway shootings rise in the Chicago area but some civil rights groups contend that data from the new technology could be misused.State police had recorded 62 expressway shootings in Cook County this year through Tuesday, the Chicago Tribune reported. That compares with 52 for all of 2019, 43 in 2018, 51 in 2017 and 54 in 2016, a year when gun violence in Chicago reached levels not seen since the 1990s.State police spokeswoman Beth Hundsdorfer said the cause for the surge isn't known, but noted that the coronavirus pandemic could be playing a part. During the stay-at-home order, state police tallied 29 expressway shootings in the Chicago area."Traffic on most expressways was sparse, which gave offenders an easy avenue of opportunity to escape," she said. "This sparse or reduced traffic also limited the number of potential...
    SINGAPORE, Jul 16 (.) – A tight offer implies that the strong rebound in copper prices may continue in the second half of 2020, but downside risks are also growing, speakers at the HKEX Commodities said on Thursday. Forum. Benchmark three-month copper on the London Metal Exchange hit a 25-month high at $ 6,633 a tonne this week, erasing all losses caused jointly by the coronavirus pandemic and the protracted trade war between the United States and China. Prices have been underpinned by a recovery in China, the world’s largest consumer of the metal, lower supplies, and cheap and plentiful liquidity fueled by global stimulus programs. “In the third quarter, we believe that copper prices will peak at around $ 7,000,” said Yang Changhua, a copper expert at research firm Antaike. “But when prices rise a lot, the accumulated risks also increase. After the pandemic is under control in producing...
    Washington State Governor Jay Inslee announces measures to help contain the spread of coronavirus at a press conference on March 11, 2020 in Seattle, Washington.John Moore | Getty Images Washington Gov. Jay Inslee announced on Saturday that the state would halt some of its counties from moving into the next phase of reopening as the coronavirus shows signs of accelerating.  "Rising cases across the state and concerns about continued spread of the COVID virus have made Phase 4, which would essentially mean no restrictions, impossible at this time," according to the state's order from Inslee and John Wiesman, Washington's secretary of health.  Washington state is taking a phrased approach to reopening, allowing some counties to reopen before others. "Phase 4" of the state's reopening plan would resume all public interactions with physical distancing, recreational activities and would allow for gatherings of more than 50 people, according to the state's plan. ...
    Looks safe, right? Donald Trump’s big return to campaign rallies can go ahead, a Tulsa judge said Tuesday in rejecting a bid by Tulsa residents and business owners to block the event as a coronavirus risk. The lawsuit described the plans for an indoor rally in the 19,000-seat BOK Center as “a substantial, imminent, and deadly risk to the community.”  Charles Brewster, the attorney who filed the suit, said: “Over the last several days, we were hoping this lawsuit would not be necessary, that the people putting the rally on would listen to reason and understand that such a collection of people in such tight quarters would result in a ‘super spreader event.’” But obviously the Trump campaign is not going to listen to reason, and the venue management’s position is that “government officials have advised that the campaign rally as planned is consistent with the guidance.” Sure, if “the...
    Senate Democratic Leader Charles SchumerChuck SchumerBlack lawmakers rally behind Engel in primary fight Jones, Sessions spar over renaming of military bases Democrats rip Trump rollback of LGBTQ protections amid Pride Month MORE (N.Y.) on Wednesday panned a Republican police reform bill crafted by Sen. Tim ScottTimothy (Tim) Eugene ScottRepublicans to introduce House version of Scott police reform bill Clyburn: 'May be possible' to close the Charleston loophole in a police reform bill McConnell signals he will not negotiate police reform with Democrats before bringing up bill MORE (R-S.C.), saying it falls short of what is needed to address police brutality and violence. “We’ve only had the bill for a few hours and are reviewing it, but what’s clear is that the Senate Republican proposal on policing does not rise to the moment,” Schumer said. His sharp criticism of the GOP bill, which Scott crafted with a working group of Senate...
    NEW YORK (AP) — Dow sinks more than 1,500 as virus cases rise again, deflating recent optimism that the economy would recover quickly. Copyright © 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
    TRENTON, N.J. (AP) - The end of summer means higher tolls for motorists on New Jersey’s three major toll roads. NJ.com reported Wednesday a spokesman for Gov. Phil Murphy said the Democrat signed the meeting minutes on May 27, the same day the boards that operate the highways approved the increases for the New Jersey Turnpike Authority and South Jersey Transportation Authority. Murphy could have decided not to sign the minutes and veto items. TOP STORIES Coronavirus hype biggest political hoax in history HBO Max pulls Gone With the Wind Abraham Lincoln monument torched in Chicago: An absolute disgraceful act The increases will take effect Sept. 13. Tolls would rise by 36% on the turnpike, meaning the average trip which now costs $3.50 would rise to $4.80. Garden State Parkway tolls would rise by 27%, increasing the cost of an average trip by 30 cents. which now costs...
    WASHINGTON (AP) — A debate in Congress over whether to extend $600 a week in federally provided benefits to the unemployed looks sure to intensify with the number of people receiving the aid now topping 30 million — one in five workers. The money, included in a government relief package enacted in March, is set to expire July 31. Yet with the unemployment rate widely expected to still be in the mid-teens by then, members of both parties will face pressure to compromise on some form of renewed benefits for the jobless. Democrats have proposed keeping the $600-a-week payments through January in a $3 trillion relief package that the House approved this month along party lines. Senate Republicans oppose that measure. They have expressed concern that the federal payments — which come on top of whatever unemployment aid a state provides — would discourage laid-off people from returning to...
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