Stories resonating with MarketWatch readers this week include a look at simple annuities, which is a relatively straightforward way to generate guaranteed income in retirement — with certain considerations and caveats. Plus Berkshire Hathaway’s annual shareholder meeting this weekend is always an anticipated event, but Warren Buffett isn’t necessarily the main attraction. Also, read about why investors shouldn’t get too complacent about low inflation, and why Americans’ living standards are better than ever.
There are questions about how come there are forced outages and how come the forced outages are actually happening all at the same time. Well, that one I cannot provide an answer but forced outages are a technical reality of operating facilities. All equipment, whether it’s a power plant, whether it’s your car, whether it’s any machinery, will suffer forced outages. In fact, in — when you look at NERC GADS, which is the North American Electricity Reliability Center, the data that — which we use as a benchmark in AboitizPower, the data on availability factors, it’s actually much lower than the availability factors that we have in our facilities that are owned and operated by Aboitiz, no? Before, we used that as a benchmark, but because we’re always outperforming NERC, we said that our benchmark would always now be the — our performance the previous year. So I’d just like to highlight that as — I guess because there’s a Senate hearing today, that will be again the headlines for tomorrow.
Sure. So on P&C Re, I mean again to confirm, we think the increases that we were able to see in Japan were strong, as you gathered by subtraction. Rates and other parts of the renewal did not go up particularly. But I think what we found is in most — well, not most, in fact in all cases where we wrote the business, we found the rates to be adequate for us. Again, we’ll see important renewals in the U.S. during the summer, in June and July, and there the continuing impact of the California wildfires in particular. We expect to support Reinsurance rates on a going-forward basis. The other thing I might mention because I’ve said it before, Hurricane Michael may not have been a big dollar loss compared to the 3 hurricanes the previous year. But in terms of the nature of the hurricane, you probably saw that it was recently upgraded to a level 5 storm. The industry got lucky by where Michael hit in the Southeast on the Panhandle, Florida. And I think anybody that’s operating in the U.S. property market appreciates that the violence of that storm is not to be forgotten. So we remain somewhat optimistic about renewal rates in the summer in the U.S.
This romantic comedy contrasts the dreams and aspirations of a 70’s girl and a 90’s girl. ABBA’s hits tell the hilarious story of a young woman’s search for her birth father. This sunny and funny tale unfolds on a Greek island paradise. On the eve of her wedding, a daughter’s quest to discover the identity of her father brings three men from her mother’s past back to the island they last visited 20 years ago. This enchanting tale of love, laughter and friendship creates memorable moments for all ages. Come join the fun this spring!
MEINE: Well, it is a life-long story, tracing Leopold’s route from predator exterminator to predator appreciator. For that story, see especially Susan Flader’s essential study, Thinking Like a Mountain Aldo Leopold and the Evolution of an Ecological Attitude toward Deer, Wolves, and Forests, first published in 1974. Wolves were always sign-posts along that route. In 1920, Leopold could write: “To try and raise game in a refuge infested with mountain lions, wolves, coyotes, and bobcats, would, of course, be even more futile than to try and run a profitable stock ranch under similar conditions.” By 1945 he would argue that “…Predatory animals, in proper numbers, including wolves, coyotes, foxes, bobcats, hawks, and owls, are necessary to the future forests of Wisconsin. It would be fatal to the forestry program to allow tree-eating rabbits and deer to increase to unreasonable levels.” The change in his views on wolves was not simple, fast, or one-way. He struggled to be both pragmatic in his conservation politics, but also true to his evolving scientific and ethical insights. And yet, he also had a firm bottom line. In that same 1945 article he wrote “We have no right to exterminate any species or wildlife. I stand on this as a fundamental principle.”
“In a way, doing that scene in episode 13 [of Season 2], I’ve so often referred to it as it was the hardest scene because it’s the scene where I had to let her go. I think coming back this season was challenging because it was playing her but not really her,” Langford told Entertainment Weekly . “I guess if I could put Hannah’s life into season 1 and then say it was kind of like being in purgatory for season 2, and then being able to officially say goodbye to her. It definitely felt like time.”
“And of course based on a true story. There was a sold-out show – Mick and Lou talk about it. I think they’re saying it was Cincinnati, and it was raining and there was no way to get in and they stood out back for a moment and he was trying to get in and he was in the rain and soaked and he had a ticket and they brought him in and showed him the backstage world and everything.
5 | Was Game of Thrones ‘ excessively dark Battle of Winterfell just a marketing ploy to get us all to go out and buy new ultra-HD 4K TVs? What purpose, exactly, did Bran’s warging into the raven serve? When the Night King’s army was standing completely still at the fiery castle trenches, why didn’t Winterfell’s defenders, y’know, use that time to kill some of them ? And what happens to all of the presumably tens of thousands of critically injured victims of the Battle of Winterfell? Will Episode 4 take us inside the never-before-seen Ned Stark Memorial Hospital? Or at the very least introduce us to Winterfell’s highly-trained First Responders?
The greenback traded lower at the beginning of the week, as softer-than-expected core PCE inflation exacerbated speculation the Fed was moving closer to a rate cut. But the good stuff came Friday, as the country released the April Nonfarm Payroll report, which showed that the country added 263K new jobs in April, largely surpassing the 185K forecast . The unemployment rate fell to 3.6%, a fresh multi-decade low, although amid a declining Labour Force Participation rate, down to 62.8% vs. the previous 63.0%. Wages were up by 0.2% MoM and by 3.2% YoY, matching March readings and slightly below the market's expectations. The US Markit Non-Manufacturing PMI fell to 55.5 in April, while the official manufacturing index was also softer-than-anticipated by printing 52.8, both playing against the American currency.
“Eye-catching headlines, but nothing that markets weren’t prepared for given this week’s advance data from the major EZ economies. The leap in the core rate is startling, but it’s heavily distorted by the Easter effect,” says Claus Vistesen, chief Eurozone economist at Pantheon Macroeconomics . “This kind of volatility is normal around shifts in the timing of Easter, but the effect has increased in Germany this year given the change in the methodology of the package holiday CPI that was implemented in January.”