Latest Updates

‘Our economy is not broken,’ says Hammond, defending capitalism

MANCHESTER, England (Reuters) – Chancellor Philip Hammond will defend his Conservative Party’s management of the economy on Monday, seeking to stave off rising support for the opposition Labour Party’s vision of a more centrally-controlled state. Hammond is due to speak at the annual Conservative conference – seen as a chance …

Read More »

CPD to launch new support centers to analyze district-level shootings

The Chicago Police Department will add six technology-driven “nerve centers” over the next year to combat shootings in some of the city’s most violent neighborhoods, officials announced Sunday. The nerve centers — known as Strategic Decision Support Centers — use computer software designed to help better predict where shootings may …

Read More »

NewStar Financial (NEWS) Given Daily Media Impact Score of 0.12

Headlines about NewStar Financial (NASDAQ:NEWS) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to …

Read More »

Go Fly Initiates Personal Air Vehicle Competition

As an ever-growing lineup of vehicle concepts emerges for the embryonic short-range urban-air-transport market, a global competition has been launched to tackle what is sometimes seen as the ultimate goal of aviation—creating ever-smaller personal aircraft. Sponsored by Boeing, the $2 million Go Fly competition is aimed at developing a safe, …

Read More »

Why active funds beat the markets in India

In 1975, John Bogle launched the first ever passive fund, Vanguard 500 Index Fund, and heralded an era of passive investing. Bogle was influenced by Eugene Fama’s view that the capital market was informationally efficient and that sustained success in stock picking was impossible. Since then, trading has increased; more …

Read More »

To tackle the Indian economy’s woes, create more jobs

The lack of skills for decent jobs is one of the causes of slow growth in employment. Photo: Aniruddha Chowdhury/Mint The Indian economy’s health is not good. Economic growth decelerated to a three-year low of 5.7% in the June quarter of 2017-18. In the same quarter, the current account deficit …

Read More »

Congress lets Children’s Health Insurance Program expire

Congress has allowed the Children’s Health Insurance Program, which provided low-cost health insurance to 9 million children, to expire. If action is not taken soon to restore the funding, the effects will become obvious in schools across the country, with many of the children in the program unable to see …

Read More »