S&N shares spike again on bid rumours

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent Expressautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comJournalistateCanal Drained For First Time And They Find ThisJournalistateBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeFacty Vroom20 Worst Cars Of The 1970s, According To Americans [Gallery]Facty VroomDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition KCS-content Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap FOR the second time in a fortnight, shares in Smith & Nephew jumped on rumours of a takeover bid by Johnson & Johnson, peaking at 123.50p during morning trading yesterday.Shares in the prosthetic limb manufacturer were up 5.62 per cent at 723.5p by 9.30am, before dipping slightly over the afternoon to close 3.5 per cent up at 709p.A December offer from the US pharmaceuticals company, which priced the company at 750p per share, was rejected for being too low. Reports yesterday suggested that J&J was preparing to return with an increased bid of 800p per share, which would value Smith & Nephew at just over £7bn. Neither company was prepared to comment yesterday. Show Comments ▼ Monday 17 January 2011 9:03 pmcenter_img Share S&N shares spike again on bid rumours whatsapp whatsapp Tags: NULLlast_img read more

Oil supply fears cause further FTSE fall

first_img whatsapp Show Comments ▼ alison.lock Fears of oil supply disruption due to Middle East unrest hit the FTSE in afternoon trading, pushing the FTSE 100 down 0.97 per cent to 5.935.76.Concerns that the political unrest could spread to major world oil exporter Saudi Arabia caused crude prices to rise still higher and sent oil-sensitive travel stocks lower.Brent crude rose 1.8 per cent to above $113 a barrel after an Egyptian report – though promptly denied – of Saudi tanks being sent to Bahrain to quell protests rattled investors.Cruise operator Carnival, a heavy fuel user, slumped 5.56 per cent to 2,601p on the news, while energy firms Petrofac (up 3.95 per cent to 1,448p) and Essar Energy (up 1.64 per cent to finish at 525.5p) both gained.“It appears that stocks will continue to be driven by the ebb and flow of the oil price as developments in the Middle East continue to act as a backdrop to sentiment in the equity market,” said Michael Hewson, market analyst at CMC Markets.Outsourcing group Capita closed up 5.17 per cent at 763p after saying it was in talks with Zurich Financial Services about an extension of the term of Capita’s existing contract.Hewson said Serco, which finished up 1.74 per cent at 554p, gained after broker JP Morgan issued an upbeat trading note ahead of its full-year results tomorrow.And Associated British Foods regained some of the ground lost yesterday, ending up 2.74 per cent at 993p in heavy volume after Evolution Securities upgraded it to “buy” from “neutral. Others were not so fortunate: auto parts manufacturer GKN fell four per cent to 201.5p despite reporting a return to profit in 2010.HSBC continued its slide, down 2.95 per cent at 658p after brokers Deutsche Bank and UBS downgraded their ratings. And goods distributor Bunzl fell 2.37 per cent to end at 742p despite posting solid results yesterday.Yusuf Heusen, senior sales trader at IG Index said negative sentiment from the US had added to the late market fall.“The FTSE turned sharply lower as Wall Street came on stream. Markets appear to be unwilling to find support in Fed chairman Ben Bernanke’s testimony to the Senate Banking Committee,” he said.Bernanke said rising commodity prices were likely to cause significant increases in headline inflation, which may limit US economic growth. Tags: NULL Tuesday 1 March 2011 4:18 pmcenter_img whatsapp Oil supply fears cause further FTSE fall Sharelast_img read more

Catena posts record financials in Q1

first_img Tags: Online Gambling Subscribe to the iGaming newsletter Topics: Finance Finance Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Catena Media has reported a record set of quarterly financial results for the three months to March 31 9th May 2018 | By contenteditor Catena posts record financials in Q1 Catena Media has reported a record set of quarterly financial results for the three months to March 31. Revenue in the quarter amounted to €23.9m ($28.4m), up 57% from €15.2m in the corresponding period last year. Earnings before interest, tax, deprecation and amortisation (EBITDA) came in at €10.4m, up 44% on last year, while adjusted EBITDA also climbed 63% year-on-year to €12.4m. Net cash from operating activities increased from €4m to €10.3m, while Catena also saw the number of new depositing customers jump 66% to 133,322. Earnings per share before dilution came in at €0.09 for the first quarter, while earnings per share after dilution stood level at €0.08. Henrik Persson Ekdahl, acting chief executive of Catena said: “The quarter was the best to date, up 19% from Q4 2017 and we are progressing well towards our 2020 target.”Related article: Catena moves into horse-racing with GG.co.uk deallast_img read more

Kilsheimer to speak at Conference of Mayors in DC

first_imgShare on Facebook Tweet on Twitter Apopka Youth Works will be the subject of his remarks tomorrowMayor Joe Kilsheimer will make remarks at the US Conference of Mayors Winter Meeting tomorrow.The United States Conference of Mayors’ 85th Winter Meeting will take place this week in Washington, DC., and on Tuesday morning a familiar face will take the stage.Apopka Mayor Joe Kilsheimer will make remarks at the Council on Metro Economies and the New American City. His topic will be Apopka’s summer youth jobs program.“I am honored to have been invited to speak at the U.S. Conference of Mayors meeting this Tuesday in Washington, D.C.,” said Kilsheimer. “I will be sharing with mayors from across the country the success we’ve had with Apopka Youth Works, our summer employment program for junior and senior high school students.”Since its inception in 2001, The Council on Metro Economies and the New American City has served as the economic research arm of the U.S. Conference of Mayors, publishing over 50 U.S. Metro Economies reports forecasting economic growth and job creation in the nation’s 362 metro areas.  The Council’s work to establish Gross Metropolitan Product (GMP) as a key national economic indicator has helped to establish the important role cities play in the economic growth of the United States.And the Council has an interest in what Apopka did this summer with its youth employment program.  Apopka Youth Works is a collaboration between the City of Apopka and CareerSource Central Florida to provide high-school juniors and seniors from the Apopka area with a summer of employment education and paid work through local businesses. The program also draws support from Valencia College, Henkels & McCoy and the United States Conference of Mayors.75 local high school students enrolled in the Apopka Youth Works program this summer.Last summer 75 local high-schoolers enrolled in the program, which provides seven weeks of career education and on-site work experience. Jobs were available to Apopka high-school juniors and seniors from moderate- to low-income families. Work was coordinated through partnerships with more than 20 local businesses.The United States Conference of Mayors (USCM) is the official non-partisan organization of cities with populations of 30,000 or more. There are 1,408 such cities in the country today. Each city is represented in the Conference by its chief elected official, the mayor.The primary roles of The U.S. Conference of Mayors are to:Promote the development of effective national urban/suburban policy;Strengthen federal-city relationships;Ensure that federal policy meets urban needs;Provide mayors with leadership and management tools; andCreate a forum in which mayors can share ideas and information.312 mayors are scheduled to attend the Winter Meeting. Please enter your name here Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 January 16, 2017 at 1:13 pm Mama Mia The Anatomy of Fear 2 COMMENTS TAGSApopka Youth WorksMayor Joe KilsheimerUS Conference of Mayors Previous articleComing to a gas pump near you…Next article2017 Apopka MLK Day Parade Info Denise Connell RELATED ARTICLESMORE FROM AUTHOR January 16, 2017 at 1:20 pm Reply center_img Mama Mia Support conservation and fish with NEW Florida specialty license plate Please enter your comment! As I said before, it sure must be nice to be a CEO! Are you all staying in Apopka today for the Apopka MLK parade, or are ya’ll on your way to DC, or are ya’ll already there??? I just wanted to give you all a big shout out of” hello” up there in DC from back home in lil ol’ Apopka. By the way, what hotel are you all staying in? I imagine the hotel room costs around DC have gone sky-high considering it is inauguration week, but hey, it is JUST our Apopka tax- payer monies, right? Take it from Mr. T, not me, and remember there are tiny little cameras everywhere in the hotel rooms, in tiny little hidden places, and the Russians spies are still everywhere around DC, so you all might just want to sleep in your clothes to be on the safe side….LOL!!! Don’t worry if you all look a little frumpy at the conference, those people don’t know you all, and it is much better than letting the Russian spies catch you changing clothes or bathing……oh, and think about our little town back home while you all are offf globe- trotting!!!! Where are ya’ll going to be dining? Hope they have some fast food joints around there, as you know, we Apopkans have acquired tastes for fast food, LOL……and remember, what happens in DC, DOESN”T stay in DC!!! LEAVE A REPLY Cancel reply Reply Good luck to you all going to DC, and sock-it-to-them….bring back lots and lots of national grants so it won’t be just another of you all’s many tax-payer paid “vacations”. You have entered an incorrect email address! Please enter your email address here Save my name, email, and website in this browser for the next time I comment.last_img read more

Global ACT UP protests hit Big Pharma

first_imgIn a highly organized act of international solidarity, 25 groups led by ACT UP (AIDS Coalition to Unleash Power) carried out marches and protests on April 1 against the drugs-for-profit industry, declaring with one loud voice, “People before profits!”Protesters marched and rallied in Ahmedabad, India, and New York City; in Johannesburg, South Africa; and Boston; in Paris; San Francisco; Brazilia; Sydney; London; Paris; New Dehli; Tokyo; and Washington, D.C. (thebody.com, April 1)Pfizer Pharmaceuticals was targeted by ACT UP New York, Health Global Access Project and others. Pfizer is relocating to Ireland to take advantage of lower corporate taxes there. Greed has no borders for Pfizer, which earned a net income of $31 billion for the years 2014 and 2013 ($12 billion of which was paid to stockholders). Even this was insufficient for CEO Ian Reed, who described 2015 as a “transformational year” in a report to stockholders. (pfizer.com)ACT UP Boston marched on the Tufts Center for the Study of Drug Development, which released a report in January claiming that it costs drug companies $2.9 billion to bring a new drug to market. This is an increase from their 2001 estimate of $802 million per drug. (“The Truth About the Drug Companies,” Marcia Angell, 2005) Tufts refused, then and now, to disclose the names of the pharmaceutical companies whose data was used in the report.ACT UP London marched on Gilead Pharmaceuticals, the leading producer of HIV/AIDS medications, including the most-prescribed HIV med, Atripla, as well as Truvada. Truvada costs 446 pounds per month ($634 per month in U.S. dollars) — too expensive for use by the British National Health Service. (theguardian.com, April 1) In 2015, Gilead earned an incredible $18 billion on sales of $32 billion — a profit rate of 56 percent. (Gilead 2015 Earnings Report)Reaching a new level in the struggle, ACT UP Paris, New York, London, Boston and other members of this new international coalition are increasingly targeting the profit system itself, going beyond the demands of decades ago to rush new meds to market to save lives as soon as possible. In recent years, the focus of lobby groups like AIDS United, Treatment Action Group, AIDS Action Council and others has been to urge immediate generic pricing or lower prices for particular medicines. However, the deepening of the capitalist crisis has caused more and more activists to recognize that the drive for profits, as part of capitalism’s inherent and systemic greed, must be dealt with directly as a class struggle. Reforms are totally inadequate to save lives when those that need medicines cannot afford them.Scoppettuolo is a member of ACT UP Boston and co-founder of ACT UP Nashville (1988-1992).FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Court won’t allow graduate students to join discrimination suit

first_imgRenee is a journalism major. She is dedicated to improving her journalism skills to effectively and ethically inform others. Renee Umstedhttps://www.tcu360.com/author/renee-umsted/ Twitter Renee Umsted Water FountainBLUU Auditorium TCU places second in the National Student Advertising Competition, the highest in school history ReddIt Facebook Renee Umstedhttps://www.tcu360.com/author/renee-umsted/ TCU 360 staff win awards at the Fall National College Media Convention ‘Horned Frogs lead the way’: A look at TCU’s ROTC programs Does objectionTCU june25 (PDF)
Does objectionTCU june25 (Text)TCU’s objection, filed June 25.This comes after the June 10 filing of an amended complaint, listing the allegations of Jane Does Nos. 4 and 5 against the university. In a joint report, Jane Does Nos. 1, 2 and 3 said there was a “reasonable likelihood” additional plaintiffs may join the suit. The brief alleges the claims of Does Nos. 4 and 5 do not arise from the “same transaction”; instead, their complaints are based on actions of different people at different times. According to the document, denying the plaintiffs’ motion to file a third complaint would not prejudice Does Nos. 4 and 5 because they would still be able to file their own lawsuits. In addition, the brief alleges Does Nos. 4 and 5 fail to offer specific claims of how they were intentionally discriminated against or how their educational opportunities were curtailed by TCU based on race or gender discrimination. Renee Umstedhttps://www.tcu360.com/author/renee-umsted/ Twittercenter_img Linkedin World Oceans Day shines spotlight on marine plastic pollution printA court in the Northern District of Texas ruled Jane Does Nos. 4 and 5 could not join the lawsuit with the other plaintiffs, Does Nos. 1, 2 and 3. According to the order, filed June 26 in the U.S. District Court in the Northern District of Texas, Jane Doe No. 1 can add the Title VII claim to an amended complaint, which must be filed by July 3. The order gives the plaintiffs until July 13 to respond to TCU’s motions to dismiss. TCU objects to adding new plaintiffs to lawsuitLawyers for TCU filed a brief saying Jane Does Nos. 4 and 5 shouldn’t be added as plaintiffs to the lawsuit.In the document filed June 25 in the U.S. District Court in the Northern District of Texas, attorneys at McDonald Sanders said the claims of Does Nos. 4 and 5 do not meet the requirements for permissive joinder. “Granting leave to amend for a third time, thereby allowing Does 4 and 5 to pursue their unrelated claims, will result in undue prejudice to the Defendants, cause unnecessary delay of the case and would ultimately be futile,” according to the brief filed on behalf of TCU. TCU will not raise tuition for the 2021-22 academic year Facebook ReddIt Renee Umstedhttps://www.tcu360.com/author/renee-umsted/ Jacqueline Lambiase is still fighting for students Previous articleTCU cancels homecoming and family weekend amid COVID-19 worriesNext articleCivil rights protesters gather by the thousands despite an active pandemic Renee Umsted RELATED ARTICLESMORE FROM AUTHOR Linkedin + posts Welcome TCU Class of 2025last_img read more

Media are collateral victims of latest unrest in Osh

first_img News News News RSF calls for the immediate release of Uzbek journalist RSF_en Help by sharing this information Follow the news on Kyrgyzstan KyrgyzstanEurope – Central Asia Receive email alerts October 9, 2020 Find out more to go furthercenter_img RSF is concerned about the fate of an Uzbek journalist extradited by Kyrgyzstan June 11, 2010 – Updated on January 20, 2016 Media are collateral victims of latest unrest in Osh KyrgyzstanEurope – Central Asia August 26, 2020 Find out more Reporters Without Borders deplores the impact on the local media of what appears to be a revolution without end. With a referendum on a new constitution scheduled for 27 June, Kyrgyzstan is experiencing a new wave of tension and unrest two months after the rioting that led to President Kurmanbek Bakiyev’s resignation.While the difficulties with phone communication and the Internet have abated, several local TV stations have reportedly had to stop broadcasting. The Fergana.akipress.org website said the mayor of the southern city of Osh, Bakiyev’s stronghold, had stopped Osh TV, Mezon TV, Pyramidy and DDD from broadcasting but the national media were still operating normally.Violence erupted between Kyrgyz and Uzbek youths yesterday evening in Osh. Major rioting ensued during the night and fires broke out. Witnesses said mobs armed with sticks were rampaging through the streets smashing shops and post offices. Shooting was also reported. The Ferghana.ru website spoke of “a crowd out of control, whose motives are unclear.” Today, the city centre appeared to be calmer but unrest continued in the suburbs. The current toll of dead has been put at 26.The new government has decreed a state of emergency in Osh until 20 June and a curfew has been declared. The army has been sent to Osh and access to the city has reportedly been blocked by interior ministry troops. Other cities in the south have been put on a state of alert.Ethnic differences may have triggered the unrest. Of a total population of 5.4 million in 2009, around 1 million are believed to be of Uzbek origin. The large Uzbek population seems to have been ignored in the proposed new constitution, which makes no accommodation for the Uzbek language. Organisation News RSF asks authorities, opposition to guarantee reporters’ safety during Kyrgyzstan protests August 14, 2020 Find out morelast_img read more

Toward Liquid Fuels from Carbon Dioxide

first_img More Cool Stuff C1 to C2: Connecting carbons by reductive deoxygenation and coupling of CO. Credit: Kyle Horak and Joshua Buss/CaltechIn the quest for sustainable alternative energy and fuel sources, one viable solution may be the conversion of the greenhouse gas carbon dioxide (CO2) into liquid fuels.Through photosynthesis, plants convert sunlight, water, and CO2 into sugars, multicarbon molecules that fuel cellular processes. CO2 is thus both the precursor to the fossil fuels that are central to modern life as well as the by-product of burning those fuels. The ability to generate synthetic liquid fuels from stable, oxygenated carbon precursors such as CO2 and carbon monoxide (CO) is reminiscent of photosynthesis in nature and is a transformation that is desirable in artificial systems. For about a century, a chemical method known as the Fischer-Tropsch process has been utilized to convert hydrogen gas (H2) and CO to liquid fuels. However, its mechanism is not well understood and, in contrast to photosynthesis, the process requires high pressures (from 1 to 100 times atmospheric pressure) and temperatures (100–300 degrees Celsius).More recently, alternative conversion chemistries for the generation of liquid fuels from oxygenated carbon precursors have been reported. Using copper electrocatalysts, CO and CO2 can be converted to multicarbon products. The process proceeds under mild conditions, but how it takes place remains a mystery.Now, Caltech chemistry professor Theo Agapie and his graduate student Joshua Buss have developed a model system to demonstrate what the initial steps of a process for the conversion of CO to hydrocarbons might look like.The findings, published as an advanced online publication for the journal Nature on December 21, 2015 (and appearing in print on January 7, 2016), provide a foundation for the development of technologies that may one day help neutralize the negative effects of atmospheric accumulation of the greenhouse gas CO2 by converting it back into fuel. Although methods exist to transform CO2 into CO, a crucial next step, the deoxygenation of CO molecules and their coupling to form C–C bonds, is more difficult.In their study, Agapie and Buss synthesized a new transition metal complex—a metal atom, in this case molybdenum, bound by one or more supporting molecules known as ligands—that can facilitate the activation and cleavage of a CO molecule. Incremental reduction of the molecule leads to substantial weakening of the C–O bonds of CO. Once weakened, the bond is broken entirely by introducing silyl electrophiles, a class of silicon-containing reagents that can be used as surrogates for protons.This cleavage results in the formation of a terminal carbide—a single carbon atom bound to a metal center—that subsequently makes a bond with the second CO molecule coordinated to the metal. Although a carbide is commonly proposed as an intermediate in CO reductive coupling, this is the first direct demonstration of its role in this type of chemistry, the researchers say. Upon C–C bond formation, the metal center releases the C2 product. Overall, this process converts the two CO units to an ethynol derivative and proceeds easily even at temperatures lower than room temperature.“To our knowledge, this is the first example of a well-defined reaction that can take two carbon monoxide molecules and convert them into a metal-free ethynol derivative, a molecule related to ethanol; the fact that we can release the C2 product from the metal is important,” Agapie says.While the generated ethynol derivative is not useful as a fuel, it represents a step toward being able to generate synthetic multicarbon fuels from carbon dioxide. The researchers are now applying the knowledge gained in this initial study to improve the process. “Ideally, our insight will facilitate the development of practical catalytic systems,” Buss says.The scientists are also working on a way to cleave the C–O bond using protons instead of silyl electrophiles. “Ultimately, we’d like to use protons from water and electron equivalents derived from sunlight,” Agapie says. “But protons are very reactive, and right now we can’t control that chemistry.”The research in the paper, “Four-electron deoxygenative reductive coupling of carbon monoxide at a single metal site,” was funded by Caltech and the National Science Foundation. Community News Make a comment Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Science and Technology Toward Liquid Fuels from Carbon Dioxide By KER THAN Published on Monday, January 11, 2016 | 3:51 pm Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Top of the News Name (required)  Mail (required) (not be published)  Website  faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Community Newscenter_img Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Herbeauty6 Strong Female TV Characters Who Deserve To Have A SpinoffHerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeautyHerbeauty10 Sea Salt Scrubs You Can Make YourselfHerbeautyHerbeautyHerbeautyThe Most Heartwarming Moments Between Father And DaughterHerbeautyHerbeautyHerbeautyYou’ll Want To Get Married Twice Or Even More Just To Put Them OnHerbeautyHerbeautyHerbeauty10 Ways To Get Into Shape You’ve Never Tried BeforeHerbeautyHerbeauty 3 recommended0 commentsShareShareTweetSharePin it Subscribe Business News Your email address will not be published. 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40HURTZ – Portrait EP

first_imgNews40HURTZ – Portrait EPBy Eric Fitzgerald – September 2, 2015 741 Facebook Linkedin Email Twitter WhatsAppcenter_img Print A NEW EP from Clare/Limerick producer 40hurtz follows up on last February’s Dwindling Light EP. To be released on System UK Digital, Portrait EP is four tracks of atmospheric dark downbeat dub. Strong memorable hooks and production are evident on all tracks. ‘Tuff Riddim’ is adventurous, spirling and progressive best appreciated on headphones. ‘Spineless Riddim’ wouldn’t sound out of place over the Trenchtown sound system deep into the night at Electric Picnic.Portrait EP is available on Beatport available on System UK Digital [SUKD097].Sign up for the weekly Limerick Post newsletter Sign Up https://pro.beatport.com/release/portrait-ep/1566279 Advertisement Previous article#video Villagers – ‘Hot Scary Summer’,Next article1700 approach homeless service in six months Eric Fitzgeraldhttp://www.limerickpost.ieEric writes for the Entertainment Pages of Limerick Post Newspaper and edits the music blog www.musiclimerick.com where you can watch and listen to music happening in the city and beyond.last_img read more

Is the Economy Stuck in Neutral?

first_img There’s a low demand for capital investment due to many factors, which has more or less neutralized the economy. In fact, the neutral rate of interest is at a historic low, and it doesn’t look like it will increase any time soon, that’s according to First American Chief Economist Odeta Kushi.Welcome to the lowest neutral rate of interest in years, a statement and status most might find confusing. But according to First American, this 60-year low may prove that the economy may be stuck in neutral for a while.What exactly is a neutral rate of interest? Kushi explains that when the economy is at full employment and enjoying stable inflation, it’s the short-term interest rate that would be the standard. The Federal Reserve may then choose to cool the economy by setting benchmark federal funds rates above the neutral rate of interest, or stimulate the economy by setting rates below it.Since the financial crisis of 2009, the neutral rate of interest has been below the federal funds rate. And currently, this phenomenon isn’t exclusive to the United States. Other advanced economies like Canada and the United Kingdom are experiencing similar economic activity.This may be due in part to the world old-age dependency ratio, which measures how much of the population has aged out of the workforce. These individuals reduce the output of the economy. With fewer workers to supply with capital investment, there’s less demand for new investment, and this pushes the neutral rate of interest down. In addition, if this aging population has money saved for retirement, they’ve increased the supply of savings, which also drives down the neutral rate of interest. In 2019, the U.S. old-age dependency ratio reached 25%.The chart shows the Holston, Laubach and Williams estimate of the neutral rate of interest against the effective federal funds rate.Productivity growth has also slowed. During the 1990s, real output per hour grew an average of 2.3% per year, but since 2009 it has dropped to 1.4% per year. This can also push down the neutral rate of interest by lowering demand for capital investments.Global uncertainty also impacts the neutral rate of interest. With growing uncertainty comes the demand for safe harbor assets and long-term Treasury bonds, which most feel are safer and more secure.“Global graying has resulted in excess savings, while slower productivity growth reduces demand for capital investment, Kushi said. “The U.S. serving as a safe haven for foreign assets exacerbates the savings glut domestically.”  Print This Post Sign up for DS News Daily Related Articles The Best Markets For Residential Property Investors 2 days ago February 4, 2021 766 Views Previous: DS5: Why the Public Capital Market is Attracting Lenders Next: Banking Committee Approves Marcia Fudge’s Nomination to be HUD Secretary The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Is the Economy Stuck in Neutral? Share Save Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Demand Propels Home Prices Upward 2 days ago 2021-02-04 Christina Hughes Babb About Author: Christina Hughes Babb Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Is the Economy Stuck in Neutral? Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, News The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more