April 29, 2021


Analysis: Bankers call for more bang to Britain’s big finance fightback

Shortly after Britain left the European Union, finance minister Rishi Sunak pledged a series of measures he dubbed “Big Bang 2.0” to ensure the City of London remained one of the world’s top financial centres.

Four months on, many financiers say his reforms to date are a far cry from Margaret Thatcher’s explosive changes of the 1980s, which were known as Big Bang and led to London dominating much of global finance during the following decades.

“There is a lot of process going on but it does not add up to a Big Bang 2.0. It’s more about fine tuning

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‘This has to be one of the single greatest losses of personal wealth in history,’ says stock-market pro of Archegos margin call

Wall Street on Tuesday saw muted action but investors were still buzzing about the highly leveraged wrongway bet reportedly employed by Bill Hwang’s Archegos Capital Management, which may have saddled many banks with multibillion-dollar losses.

Using derivatives, Archegos, pronounced “Ar-chee-gos” by the company, maintained positions in stocks including ViacomCBS Inc.
 Discovery Inc.
 and GSX Techedu
 and was hit by margin calls as the direction of those highfliers turned against the family office.

The downturn in the stocks, with shares ViacomCBS and Discovery registering their worst downturns on record, forced the banks

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The Pandemic as a Wake-Up Call for Personal Health

As Mr. Vilsack said, “The time has come for us to transform the food system in this country in an accelerated way.”

Early in the pandemic, when most businesses and entertainment venues were forced to close, toilet paper was not the only commodity stripped from market shelves. The country was suddenly faced with a shortage of flour and yeast as millions of Americans “stuck” at home went on a baking frenzy. While I understood their need to relieve stress, feel productive and perhaps help others less able or so inclined, bread, muffins and cookies were not the most wholesome products

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DEA will never call and demand personal, financial information

The DEA is sounding the alarm after receiving reports of scammers fraudulently claiming to be someone from the IRS or DEA.

Some scammers will call individuals and claim that a rental car has been found in their name filled with drugs. These are lies and scammers are just trying to get your personal information.

READ: Law enforcement warns public of scams on the rise in Metro Detroit

“We are finding that these scams are both domestic and their foreign bad actors as well, who are running these scams,” DEA agent Brian McNeal said. “These extortionists call people up and

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Senators call for recurring payments

A participant tapes a sign to her car before an Aug. 6, 2020, caravan rally on the Las Vegas Strip in support of extending $600 unemployment benefit.

Bridget Bennett | AFP | Getty Images

Capitol Hill lawmakers are working on a new coronavirus relief bill that would include new $1,400 stimulus checks and expanded unemployment insurance.

Now, one group of senators is calling for the government to take that one step further and provide recurring stimulus checks and automatic unemployment insurance extensions as the economy recovers.

“This crisis is far from over, and families deserve certainty that they can put

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