We’ve all seen those humorous insurance commercials: A moose runs amok at a motor home; deer have a deck dance party; canines cause chaos in a condo. But Jon and Kathleen Sullivan of Milton found out the hard way after raccoons ransacked their residence that (cue the jingle: “Bum da bum bum bum bum bum!’’) contrary to those entertaining ads, many homeowner’s insurance policies have an exclusion for damage caused by animals. The Sullivans were spending time at their second home on the Cape in August when they received a call from their daughter, Kassandra Desmond, 28. She had stopped to check the Milton house, one of the lavish homes in a neighborhood known as Indian Cliffs. Desmond was shocked to discover the house in disarray: Plates and glassware were shattered on the kitchen floor, boxes of cereal were torn open, food was scattered everywhere, furniture was toppled. “I couldn’t really tell if it was a burglary, but it looked like someone had … [Read more...] about Raccoon rampage offers cautionary tale on what insurance covers
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(Reuters) - The arrest in Canada of Meng Wanzhou, a top executive at China’s Huawei Technologies Co Ltd and daughter of the founder and CEO, jolted the global business community on Thursday and raised fears that a truce in the U.S.-China trade war could come to a swift end. A man walks by a Huawei logo at a shopping mall in Shanghai, China December 6, 2018. REUTERS/Aly Song Meng’s arrest came at the behest of U.S. authorities and is connected to an investigation into alleged violations of U.S. trade sanctions, a person familiar with the matter told Reuters. China’s foreign ministry said neither the United States nor Canada have explained reasons for the arrest. What is Huawei? Huawei is the world’s largest supplier of telecommunications network equipment and second-biggest maker of smartphones, with revenue of about $92 billion last year. Unlike other big Chinese technology firms, it does much of its business overseas and is a market leader in many … [Read more...] about Explainer: What is China’s Huawei Technologies and why is it…
News / UK and world by Press Association November 15, 2018, 6:25 pm FacebookTwitterLinkedInWhatsAppEmail Sign up to our Daily newsletter As Brexit chaos reigns supreme in Westminster, here are answers to the top questions on Brexit that people in Northern and the Republic of Ireland have asked Google in the last four hours. – What is Brexit? Brexit is a slang term for Britain’s exit from the European Union. After a referendum on Thursday 23 June, 2016, the vote by the UK to leave the EU won by 51.9% to 48.1%. The referendum turnout was 71.8%, with more than 30 million people voting. Under Article 50 of the Lisbon Agreement, the UK has two years to agree with the EU on how to leave. – What percentage of the population in Northern Ireland voted in Brexit referendum? The majority of Northern Ireland voted to remain in the EU. The results saw the remain side gain 56% of the votes. Constituencies which voted to remain included Foyle, West Tyrone, West … [Read more...] about What is the backstop in Brexit? Ireland’s Google questions answered
There's a lot you can learn from looking at a person's tax return. You can tell how much a taxpayer gave to charity; what their sources of income are; whether they're married or divorced. You can learn how much or how little they made, whether they moved for a job and (sometimes) whether they have children. At least, you can learn these things from looking at the tax returns of an ordinary worker. When it comes to President Donald Trump and taxpayers at his rarified income level, a tax return can deliver plenty of personal information but still lack some of the most tantalizing stuff -- their total net worth, for instance, or what real estate they own. "I think [President Trump] is worried about two things: One, the income is probably lower than his pride will be able to deal with, and I think the charitable deductions will be way lower [than he has claimed]. I think that's going to be an embarrassing number for him," said Mark Matthews, an attorney at tax law firm Caplin & … [Read more...] about What Americans can and can’t learn from Trump’s tax returns
Share Tweet Plus One Pin It Email Print By: Mukesh Chand August 14, 2018 11:13 am Change Font Size The financial sector of the country is a major contributor towards the growth of the country. The sector comprises public sector banks (PSUs), commercial banks, insurance companies, Non-Banking Financial Companies (NBFCs), mutual funds, pension funds etc. The 17th Financial Stability Report (FSR)[i] released by RBI in June has highlighted that the stress in the banking sector continues as gross non-performing advances (GNPA) ratio rises further. Profitability of SCB[ii]s declined, partly reflecting increased provisioning. Credit growth of SCBs picked up during 2017-18 notwithstanding sluggish deposit growth. Macro-stress tests indicate that under the baseline scenario of current macroeconomic outlook, SCBs’ GNPA ratio may rise from 11.6 percent in March 2018 to 12.2 percent by March 2019. The system-level capital to risk-weighted assets ratio (CRAR) may come … [Read more...] about Towards Loan Market Structure: More Liquidity & Relief From Stressed Assets For Banks?