News 

Splurged on an expensive gift? Don’t forget to insure it

“If you share an auto insurance policy with the gift recipient, it’s relatively simple: Add the car to your shared policy and transfer the title after the surprise” reports foxbusiness.com. An agent can help you choose between coverage options — for example, a scheduled rider versus stand-alone jewelry insurance for an engagement ring. Source: foxbusiness.com Share This:

Read More
News Regulators Reviews 

Policy Daily Review December 14, 2017

Policy Daily Review for December 14, 2017 ECB To Boost Growth Outlook As Stellar Year Comes To A Close The European Central Bank is set to raise its growth forecasts on Thursday as the single currency economy gained momentum in a remarkably uneventful year, boosting policymakers’ confidence as they gear up to trim asset purchases in January.   FTSE Flat Ahead Of Crucial Monetary Policy Statements The U.K. stock market is seeing lackluster moves Wednesday morning, with investors now showing any keen interest in building up positions ahead of the…

Read More
News 

High Court Rules Home Office Removal Of Homeless EU Citizens Is Unlawful

“The High Court has ruled a Home Office policy which sees EU citizens who are sleeping rough removed from the UK is unlawful” writes Kate Forrester for huffingtonpost.com. The court said the government must abandon the policy, which equated rough sleeping as ‘an abuse’ of the right of freedom of movement, affecting hundreds of EEA nationals in UK. A Home Office spokesperson said most of those deported were not lawfully resident in the UK. “We are disappointed by today’s judgment,” they added. “However, we respect the court’s findings and will not…

Read More
News Regulators 

Watch here for ECB hints to the unwinding of QE: Live blog

“The Governing Council expects the key ECB interest rates to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases” writes Anneken Tappe for marketwatch.com. The Eurosystem will reinvest the principal payments from maturing securities purchased under the APP for an extended period of time after the end of its net asset purchases, and in any case for as long as necessary.At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing…

Read More
News Regulators 

ECB leaves rates at record low, reiterates dovish guidance: live blog

“The Governing Council expects the key ECB interest rates to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases” writes Anneken Tappe for marketwatch.com. The Eurosystem will reinvest the principal payments from maturing securities purchased under the APP for an extended period of time after the end of its net asset purchases, and in any case for as long as necessary.At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing…

Read More
GBP News 

FTSE 100 drops after May loses key Brexit vote; BOE decision ahead

“The central bank will deliver its monetary policy decision at noon London time, or 7 a.m” writes Markets Reporter for marketwatch.com. Investors were also looking ahead to the last Bank of England monetary policy meeting and decision of the year.But after raising rates for the first time in a decade in November, the BOE is widely expected to stand pat this time. Source: marketwatch.com Share This:

Read More
News Regulators 

Steady as she goes: ECB to keep money taps wide open

“Even the doves at the ECB will feel uneasy about extending asset purchases beyond September 2018,” Berenberg economist Florian Hense said” reports foxbusiness.com. But a benign 2020 projection could rekindle a simmering debate about the end of asset buys.Some policymakers argue that the ECB should increase the proportion of private sector purchases by keeping those volumes steady when sovereign purchases are cut from January.In October several influential policymakers argued that the ECB should amend its guidance, cutting the direct link between inflation and bond buys. Source: foxbusiness.com Share This:

Read More
News 

Byron York: After mysterious ‘insurance policy’ text, will Justice Department reveal more on FBI agent bounced from Mueller probe?

“So, it had been going for two or three weeks when Strzok wrote the “insurance policy” text” writes Byron York for washingtonexaminer.com. But what about the “insurance policy” text?. It’s like an insurance policy in the unlikely event you die before you’re 40….And “insurance policy” apparently refers to…well, it is not known what that refers to.”The committee doesn’t know more about the context of the ‘insurance policy’ text,” the Capitol Hill source said, “but on its face, it is extremely troubling, as is the apparent reference to McCabe in that…

Read More
News 

Lobbying’s influence on the Republican tax bill shows why Congress needs more staff

“The rushed, closed, and opaque legislative process that ultimately resulted in the passage of the Senate tax bill early Saturday morning, however, provided such a rare illustration” writes Casey Burgat for washingtonexaminer.com. Anyone following the tax bill drama was likely aware that the legislation was hastily written and never in danger of winning any transparency awards.Even more concerning, the list of amendments came not from Republican leadership, a congressional committee or anyone associated with authoring the legislation, but from lobbyists.However, the sheer volume of lobbyists involved in the tax overhaul…

Read More