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The Democrat who lost to Alexandria Ocasio-Cortez is joining a major lobbying firm

“Crowley is joining Squire Patton Boggs, a global law and lobbying firm that represents a massive number of corporations and organizations” writes Joe Perticone for businessinsider.com. John Breaux and Trent Lott, who also work for SPB’s public policy practice.They are a blockbuster addition to our global, bipartisan public policy practice.”.  Source: businessinsider.com

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Cyberattacks On Track To Lead Corporate Insurance Claims: Study

“That means fire and explosions accounted for nearly one-quarter of all corporate insurance claims filed between 2013 and 2018” reports pymnts.com. Fourteen percent of the value of corporate insurance claims were linked to aviation collisions and crashes.Despite the focus on cyber protection, however, a new report from insurance firm Allianz Global Corporate & Specialty said an unexpected category makes up the most popular type of claim filed by corporate customers of insurance products today.In analyzing 470,000 corporate insurance claims across 206 countries, totaling $66.5 billion in payouts, Allianz found in…

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No recession but global growth will slow to a crawl this year, Janus Henderson says

“The world economy is headed for a period of “dull, low” growth, according to fund manager Janus Henderson, but the risk of an outright recession remains small” writes Thomas Lohnes for cnbc.com. “Our central forecast is not for a recession… It is just for dull, low growth,” she added.”There is definitely a slowdown in the momentum of the global economy.Most economists, as well as some the world’s business elite, agree that economic growth is slowing but policymakers have expressed some hope for a soft landing rather than a full-blown recession.I…

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Pope’s credibility ‘on the line’ as Vatican convenes global meeting on combating child abuse by clergy  

“Victims of clerical sex abuse have warned Pope Francis that his credibility is on the line as he confronts the biggest challenge of his papacy with a landmark conference on protecting children from rape and molestation” writes Daniel Capurro for telegraph.co.uk. Nearly 200 bishops, archbishops, patriarchs and other senior Catholic figures from around the world will convene in Rome on Thursday for an unprecedented four-day conference that is supposed to tackle the scourge of child abuse by clergy. Source: telegraph.co.uk

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Global debt is not yet at financial crisis levels — but could be set for an explosion with China leading the way

“Global debt is at elevated levels, but isn’t high enough to draw comparisons with the 2008 financial crisis just yet” writes Callum Burroughs for businessinsider.com. The danger of not adjusting debt levels could have a severe impact on already slowing global growth. Emerging markets are seeing a boom in private sector debt Oxford Economics/Haver Analytics. Emerging markets have been the main driver of this trend with debt levels in major growing economies such as China increasing rapidly in the past decade.Since 2015, world private sector debt has risen by around…

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Asia has ‘mitigating factors’ to counter a global growth slowdown, says bank CEO

“Global growth is expected to slow in the coming months, but Asian economies could hold up reasonably well, thanks to several “mitigating factors,” according to the chief executive of Southeast Asia’s largest bank” writes Yen Nee Lee for cnbc.com. Gupta noted that Asia is still projected to grow at 5.5 percent to 6 percent this year despite the overall softer global environment.In addition, the U.S. Federal Reserve holding back from raising interest rates further is good news for Asia, said Steve Cochrane, chief Asia Pacific economist at Moody’s Analytics.Several central…

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The risky ‘leveraged loan’ market just sunk to a whole new low

“The leveraged loan market just set a new record: The quality of investor protections in this market just hit a new all-time low” writes Jim Edwards for businessinsider.com. Leveraged Commentary & Data/S&P Global Market Intelligence In Europe, the situation was even worse. 87% of leveraged loans were “cov-lite.”. Leveraged Commentary & Data/S&P Global Market Intelligence Last year, $452 billion in new cov-lite issuance was added to the market.A leveraged loan is risky because it is “leveraged” against the private-equity group’s money and its ability to turn a struggling company around…

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U.S. held global summit to isolate Iran, America isolated itself instead

“The discord on the issue of Iran dates back most recently to last May when the U.S. withdrew from the 2015 Iran nuclear deal, and European allies like France and Britain agreed to remain in the accord” reports tehrantimes.com. Their reason was simple: Although Trump said Iran tried to obtain a nuclear bomb, European nations saw no indication that Tehran sought one.That allowed Europe to keep the nuclear deal on life support while curbing the damage America’s sanctions could wreak on Iran’s economy.Asking Europe to do something it clearly doesn’t…

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Survey: 41% of Institutional Investors to Invest in ICOs Within Five Years

“The survey was conducted in December 2018 and January 2019 by market research company PollRight, and included responses from 71 global institutional investors, including private equity, hedge funds and pension funds” writes Max Yakubowski for cointelegraph.com. According to a survey of institutional investors conducted by the Global Blockchain Business Council (GBBC), 19 percent believe that digital assets will be regularly invested in and traded by 2021. Recently, cryptocurrency assets management fund Grayscale Investments presented their Q4 2018 report, noting that institutional investors were responsible for the majority of digital assets…

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