Financial
Bill Gates discusses the coronavirus death rate
By the end of the year, billionaire philanthropist Bill Gates expects the coronavirus death rate to come down dramatically. However, in the near term, he warns that the U.S. could return to its peak death rate of 2,000 deaths per day. Q2 2020 hedge fund letters, conferences and more Bill Gates on the coronavirus death […]
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Read MoreRecovery? What Recovery?
After suffering a major hit in March and April, our economy enjoyed a substantial revival in May and June as businesses reopened and millions of Americans returned to work. Providing a very tangible measure of this rebound, the Bureau of Labor Statistics (bls.gov) reported that after peaking at 14.7% in April, our nation’s unemployment rate […]
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Read MoreBroker revenues reflect the firming. But what of the value in the chain?
In reporting their results today, two of the largest reinsurance brokers displayed growth in revenues and business opportunities in the current firming market conditions, which suggests their profits should increase further over the coming months, as the benefits of harder reinsurance rates globally begin to flow through to their bottom-lines. The reinsurance brokers in question…
Read MoreTrump on second stimulus check: Congress is running out of time
President Trump and Congress are no closer to a deal on a deal for a second coronavirus stimulus check and other provisions than they were earlier this week when Senate Republicans revealed the HEALS Act. Time is running out for Republicans and Democrats to reach a deal. Q2 2020 hedge fund letters, conferences and more […]
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Read MoreCongress gives Bezos a pass on Amazon’s privacy violations
BREAKING: Congress gives Jeff Bezos a pass on Amazon’s privacy and rights violations Q2 2020 hedge fund letters, conferences and more Congress Ignores Amazon’s Privacy Violations Amazon CEO Jeff Bezos got through today’s Congressional hearing without being asked a single question on consumer privacy violations, Amazon Ring’s police partnerships, or selling racially biased facial recognition software to law enforcement […]
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Read MoreCoronavirus stimulus checks may be higher than $1,200: Trump
The stimulus checks are coming as both Democrats and Republicans now agree that direct payment will be part of the next coronavirus stimulus package. Also, both sides have proposed giving $1,200 in stimulus checks to eligible Americans. President Donald Trump, however, says coronavirus stimulus checks could be higher than $1,200. Q2 2020 hedge fund letters, […]
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Read MoreZenBusiness Acquires Joust, A Fintech for Small Business Entrepreneurs
Joust will relaunch as ZenBusiness Money and bring a full suite of business banking solutions to the nation’s rising population of small business entrepreneurs. Q2 2020 hedge fund letters, conferences and more ZenBusiness Acquires Joust AUSTIN, TX – July 30, 2020 – ZenBusiness, the leading platform for micro businesses to start, run, and grow their […]
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Read MoreMarkel expects settlement with ex-CATCo CEO Belisle in Q3
Markel Corporation is expecting to settle the binding arbitration case between it and the former Markel CATCo CEO Tony Belisle during the third-quarter of the year, putting another piece of the legal saga behind it. This long-running legal saga began when Anthony Belisle, the founder and former CEO of retrocessional reinsurance investment manager CATCo Investment…
Read MoreRSA puts reinsurers on-watch over Covid-19 claims aggregation
RSA Group, the UK based insurance group, has warned reinsurers signed up to its Group Volatility Cover (GVC) and catastrophe reinsurance that it hopes to be able to pass on Covid-19 pandemic related losses, above certain levels, to each of those programs. RSA has previously warned its reinsurance panel that its aggregate and core catastrophe…
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