Bloomberg (January 19)
“Chinese stocks just capped another dismal week…. Grim milestones have kept piling up in recent days: Tokyo has overtaken Shanghai as Asia’s biggest equity market, while India’s valuation premium over China has hit a record. Locally, a meltdown in Chinese shares is wreaking havoc on the nation’s asset management industry, pushing mutual fund closures to a five-year high.”
Tags: Asset management, China, Closures, Dismal, Equity market, Grim, Havoc, India, Meltdown, Milestones, Mutual fund, Premium, Record, Shanghai, Shares, Stocks, Tokyo, Valuation
The Times (October 19)
“The pandemic has laid waste to high streets, costing thousands of jobs in the process.” A recent PWC study starkly illustrates the observation that “shop closures soared at a record rate in the first half of the year as coronavirus lockdowns hit the high street.” During that period, “Britain lost 6,001 more chain stores than it gained in the first half, up from a loss of 3,509 in the same period last year.”
Tags: Britain, Closures, Coronavirus, High streets, Jobs, Lockdowns, Pandemic, PwC, Shops, Stores, Waste
New York Times (April 23)
The United States Postal Service (USPS) has been hard by declining volume. “Bread-and-butter revenue from first-class mail has been evaporating as most bills are now paid on the Internet.” As a result, the USPS is planning to file for bankruptcy on May 15, unless Congress provides approval to close 3,700 post offices, combine regional processing centers and quit delivering the mail on Saturday. The New York Times believes Congress should provide the USPS with the flexibility is seeks.
The United States Postal Service (USPS) has been hard by declining volume. “Bread-and-butter revenue from first-class mail has been evaporating as most bills are now paid on the Internet.” As a result, the USPS is planning to file for bankruptcy on May 15, unless Congress provides approval to close 3,700 post offices, combine regional processing centers and quit delivering the mail on Saturday. The New York Times believes Congress should provide the USPS with the flexibility is seeks.
Tags: Bankruptcy, Closures, Congress, Mail, Postal Service, U.S.
