Markets News 

Egypt, China discuss enhancing bilateral tourism relations

“During the meeting, Bahgat stressed the importance of the Chinese market as one of the most promising tourism markets, assuring that the state is aiming to attract more Chinese tourists to Egypt” writes Nihal Samir for dailynewsegypt.com. Agreeing with Saad, the former Head of International Tourism at the Tourism Promotion Authority, Ahmed Shoukry, told DNE that the number of Chinese tourists is increasing, assuring that Egypt needs to increase the capacity of the direct flights between Egypt and China, as the Chinese market is a very beneficial market for Egypt. Source:…

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9/11 Victims fund

“I also deeply regret that I could not honor my intention to spare any claim submitted prior to this announcement from any reductions made due to a determination of funding insufficiency” writes Michael Mcauliff for nydailynews.com. If there had been a different option available to me, I assure you I would have taken it,” the fund’s Special Master Rupa Bhattacharyya said. Source: nydailynews.com

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9/11 Victims Compensation Fund to slash payouts by half or more

“I also deeply regret that I could not honor my intention to spare any claim submitted prior to this announcement from any reductions made due to a determination of funding insufficiency” writes Michael Mcauliff for nydailynews.com. If there had been a different option available to me, I assure you I would have taken it,” the fund’s Special Master Rupa Bhattacharyya said. Source: nydailynews.com

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The Technology 202: Amazon HQ2 debacle could increase scrutiny of corporate incentives

“Previously, the largest penalty that the FTC levied against a technology company for a privacy violation was a $22.5 million fine aginst Google” writes Cat Zakrzewski for washingtonpost.com. It was unlike any competition for corporate development, but of course, so was the initial contest prize — 50,000 jobs at a massive technology company.The blowback on Amazon could more broadly ramp up scrutiny of how cities and states incentivize corporate expansions.Facebook and the FTC have yet to agree on the amount of the fine, but it would be by far the largest…

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Road to infrastructure package begins with permanent Highway Trust Fund fix

“Contrary to the assertions of so-called pundits, supporting a gas tax increase is not political suicide” writes Skip Peterson for washingtonexaminer.com. Tim Walz detailed how he won office last November with an agenda that included raising the state’s gas tax.Since 2013, 27 states have raised or adjusted their state gas tax to increase transportation investment. Source: washingtonexaminer.com

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Here’s what’s in the $330 billion bill that stopped another government shutdown

“End-stage fights over unrelated policy provisions produced a deadlock, so efforts to extend soon-to-expire laws like the federal flood insurance program were dropped” writes Associated Press for marketwatch.com. Trump has proposed a pay freeze for civilian federal employees, but the measure would guarantee those workers a 1.9 percent increase.A bid by Pelosi to win back pay for federal contractors laid off during the recent shutdown was blocked by the White House.The border security issues that sparked a 35-day government shutdown are but one element of a massive $330 billion-plus spending…

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DAMAGING: Smoking Cannabis As A Teenager Could Increase Your Risk Of Depression As An Adult

“Smoking cannabis as a teenager could increase your risk of depression in adulthood by as much as 37%, new research suggests” writes Rachel Moss for huffingtonpost.com. They also warned cannabis was a “significant public health risk” and called for officials to make tackling use of the drug a priority.Up to 60,000 UK cases of adult depression could potentially be avoided if teenagers did not smoke cannabis, they said, warning parents not to be relaxed about the drug. Source: huffingtonpost.com

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Council Tax Rises Set For Almost All Of England As Austerity Bites

“Overall the survey found 97% of local authorities were planning to raise council tax in 2019-20, with three-quarters set to increase it by more than 2.5%” writes unknown author for huffingtonpost.com. LGiU chief executive Jonathan Carr-West said councils had no option but to adopt “drastic measures” if they were to make ends meet. “We know that council funding is broken.A similar number, 97%, were set to increase fees and charges, with 13% planning hikes of 5% or more.The report said the cuts reflected a £16 billion drop in central government…

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Sprint and T-Mobile make merger case to House committee, pledging to take on cable companies and accelerate 5G

“But not everyone is convinced that removing a competitor from the market will increase competition” writes Monica Nickelsburg for geekwire.com. For months, Legere and Sprint CEO Marcelo Claure have argued that their combined company would accelerate deployment of 5G wireless technology and improve service to rural Americans.So he said Monday in a hearing of the U.S. House Energy and Commerce Committee over his company’s proposed merger with Sprint.In April 2018, T-Mobile and Sprint agreed to merge and create a $146 billion company under the T-Mobile name. Source: geekwire.com

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