Centauri | Interesting Tidbits

 

Good afternoon. Here’s what you should know today, Oct. 11:
  • Competitive midterm races are awash in crime ads
  • NASA said its asteroid-smashing mission was a success
  • Coincidences have hidden power
By Liz Webber and Leigh Kamping-Carder

 

What to Watch

Centauri | Interesting Tidbits
1. Thousands of executive branch officials reported owning or trading stocks in companies whose fates were directly affected by their agencies, a Wall Street Journal investigation found.
An analysis of more than 31,000 financial-disclosure forms for about 12,000 senior career employees found more than 2,600 officials made such disclosures.. They include a top EPA official who reported purchases of oil and gas stocks and an FDA official who owned dozens of food and drug stocks on the agency’s no-buy list. U.S. law prohibits federal officials from working on any matters that could affect their personal finances. The Office of Government Ethics, which oversees the conflict-of-interest rules across the executive branch, is “committed to transparency and citizen oversight of government,” said a spokeswoman.

How WSJ Analyzed 12,000 Federal Officials’ Financial Disclosures (Read)

Six Takeaways From WSJ’s Investigation (Read)


2. The IMF warned global central banks’ moves to quickly raise interest rates have fueled risks to the financial system.

Its report on global stability also said the U.K.’s financial turmoil is mostly contained. After Bank of England Gov. Andrew Bailey said its bond-buying program would end Friday, the pound slid and Nasdaq closed in a bear market. Fallout from the crisis in U.K. financial markets has spilled into U.S. junk debt. Separately, the IMF released economic projections that showed global growth is forecast to slow next year more than previously expected.

Peloton Co-Founder John Foley Faced Repeated Margin Calls From Goldman Sachs as Stock Slumped (Read)

America’s Oldest Bank, BNY Mellon, Will Hold That Crypto Now (Read)

Asian Chip Stocks Fall on U.S. Curbs of Tech Exports to China (Read)


3. A barrage of Republican ads in competitive House and Senate races play on voters’ fears of a surge in crime.

Higher violent-crime rates since the Covid-19 pandemic began have made the issue a major concern in local and national elections. Republicans have called Democrats too tolerant of crime after social-justice protests in 2020 swept through the country over policing abuses, and have tied Democratic candidates to calls from activists to defund police departments. Democrats have responded by citing bills that would send grants to law enforcement, as well as their advocacy for tighter gun laws they say would reduce crime.

Biden Rule Would Add More Gig Workers to Company Payrolls (Read)

New Affordable Care Act Rule Expands Subsidies to Families (Read)

Student Loan Forgiveness Application to Require Only Basic Data From Many Borrowers (Read)

Los Angeles City Councilwoman Nury Martinez Takes Leave Amid Racist Comments Scandal (Read)


4. Russia launched another round of strikes across Ukraine.

Kyiv said it shot down many of the missiles, though at least one person died in the southeastern Zaporizhzhia region, according to regional governors. The country’s delays in acquiring sophisticated air defenses from the West are at least partly responsible for its limited ability to defend its population centers against such attacks. The death toll from Monday’s strikes rose to 19, with 105 injured, Ukraine’s emergency services said.

NATO Aims to Better Align Arms Purchases in Response to Russian Hostility (Read )

Senate Pushes $847 Billion Defense Bill to Meet China, Russia Challenges (Read )

Nissan to Pull Out of Russia and Take $686 Million Loss (Read)


5. Airlines tout their green credentials but push back against regulations.

Industry groups succeeded last week in watering down a United Nations-sponsored effort to offset emissions, saving carriers billions of dollars. A spokesman for the global trade group International Air Transport Association said the industry is committed to meeting the goal of net-zero emissions by 2050 but wants to get there via the best route. Air travel is a significant producer of the greenhouse gases that cause climate change. Fossil-fuel alternatives are expensive or not yet commercially viable.

Delta to Invest in Flying-Taxi Maker to Offer Rides to Airports (Read)

Trips to London, Tokyo and Europe Haven’t Been This Affordable in 25 Years (Read)

Disney World and Disneyland Push Their Prices Higher (Read)


Click here to read more of this article


Wall Street Journal, Oct 11, 2022

Important Client Disclosures
ADV - Investment Adviser Public Disclosure

Follow Centauri Advisory, Inc. on Twitter Like Centauri Advisory, Inc. via Facebook Connect with Centauri Advisory, Inc. via LinkedIn
with WinWeb.com © 2022
3705