Markets News 

Lebanon central bank says bank deposits are safe, banks to review curbs

“Salameh said the banks would meet immediately to review and implement the central bank’s request” writes Midwest Communications Inc for 95kqds.com. Salameh said the central bank had a usable foreign cash reserve of $30 billion and total assets of $38 billion.Salameh said the central bank hoped for the formation of a new government as soon as possible.The central bank would seek to bring down interest rates through liquidity management measures, he added.A stagnant local economy and a slowdown in cash injections from Lebanese abroad have put pressure on the central…

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News 

Logging the dollars involved in deer hunting in Illinois

“I was randomly selected to be in a study of the economic impact of deer hunting in Illinois” writes O’neal Sun-times for suntimes.com. For Illinois residents, non-residents feel like a depressingly large impact, especially in deer hunting.In terms of economic impact, it really matters more than any other hunting in the state.One of the things I am most curious about from this study will be how the economic impact of out-of-state deer hunters compares to the economic impact of resident deer hunters, a real point of interest or contention in…

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Crypto News 

Could Blockchain Technology Prevent the Next Financial Crisis?

“There is a necessary balance to strike as we transfer from the flawed financial system of today to the more technological, decentralized system underpinned by blockchain” writes Stephen King for cointelegraph.com. A central bank’s role is to manage a nation’s currency, money supply and interest rates.Before the 2007 crisis, regulators could trust that banks had enough liquidity to remain solvent; however, following the financial crisis and failure of several banks like Lehman, that ceased to be the case.In 2007, we saw first-hand that when liquidity dries up, banks fail, markets…

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Boeing CEO says he will forgo ‘tens of millions of dollars’ in compensation

“WASHINGTON (Reuters) – Boeing Co chief executive Dennis Muilenburg said Wednesday he will forgo “tens of millions of dollars” in compensation after asking board to waive bonuses on Saturday” writes Midwest Communications Inc for 95kqds.com. Boeing chairman Dave Calhoun said Tuesday Muilenburg had asked not to receive any bonuses for 2019 or equity grants and not to receive any new equity grants until the 737 MAX has returned to service in its entirety, which might not happen until early 2021. Source: 95kqds.com

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The CEO of Dick’s weighs in on why ‘buycotts’ didn’t help out the sporting goods retailer when it was getting slammed by the NRA

“Dick’s Sporting Goods contended with both boycotts and “buycotts” in the wake of its decision to draw back from the gun business” writes Richard Feloni for businessinsider.com. “By the time we got done, it was about a quarter of a billion dollars,” Stack said.Stack said that alienated consumers included both hunters and non-hunters who felt “angry” over Dick’s decision to back away from the gun business.But according to CEO Ed Stack, the consumers who gave the company the cold shoulder had a far greater effect on business than any newfound…

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News 

County needs Rx for more than half a billion dollars in unpaid charity health care down the road

“If it continues on that pace, in 2020 the health system could run out of funding for its charity care services by September” writes Carly Behm for suntimes.com. The county’s health operation provides a greater proportion of charity care than others in the state, Shannon said.The CEO also said for 2019, the health system spent $1 million a day in expenses such as salaries, equipment and supplies linked to providing that charity care. Source: suntimes.com

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News 

Dodge has released 500 million horsepower onto American roads since 2005

“Dodge started using horsepower to measure sales when it launched its Power Dollars rebate program in August 2019” writes Ronan Glon for autoblog.com. Motorists in the market for a 2019 Challenger, a 2019 Charger, or a 2019 Durango can save $10 for every horsepower their future car’s engine generates.The clever campaign has paid off, and the company reached its goal of putting 500 million horsepower in the hands of enthusiasts two months ahead of schedule. Source: autoblog.com

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2020 Subaru Crosstrek costs a few hundred dollars more

“Not too much changes for the 2020 model year, but Subaru will offer its rear-seat reminder technology on all Crosstrek models” writes Sean Szymkowski for cnet.com. It’s new model year time for the 2020 Subaru Crosstrek, and the new year brings price increases across the board for the popular compact crossover.Subaru revealed on Thursday that the starting price will inch upward $285 when accounting for a pricier destination charge. Source: cnet.com

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A deep dive into Amazon’s enormous growth over the past decade as it tries to maintain its lean management culture and prepares to fend off regulators

“Amazon employees, Freed discovered, studied the Leadership Principles like Talmudic texts” writes David Rohde for newyorker.com. Now, a recently retired Amazon executive told me, “people are worried—we’re suddenly on the firing line.” Amazon executives were also concerned about dramatic changes within the company. Source: newyorker.com

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