Day: September 11, 2020

Spiking coronavirus cases and falling oil prices deliver dual blow to North Dakota

For months, low oil prices have contributed to the slowdown, as a global decline in demand made it financially unfeasible for refiners in North Dakota to continue tapping new wells. Another blow came Tuesday: an unexpected 7.6 percent dip in U.S. benchmark prices that sent economic shock waves worldwide.

The fluctuations could not have come at a worse time for North Dakota, which has also emerged as one of the country’s most concerning coronavirus hot spots, with a nation-leading 34 confirmed cases per 100,000 residents, according to a Washington Post analysis of state data.

The dual economic and epidemiological shock now facing the state has created new uncertainty for its residents, workers, businesses and government leaders, some of whom once seemed optimistic that they had weathered the worst of the pandemic.

“The onset of [coronavirus] and the complete crushing of the world demand for oil had a very dramatic effect,

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Germany’s Scholz eyes more debt to support recovery from coronavirus

BERLIN (Reuters) – The German economy is recovering from the coronavirus shock and will reach its pre-crisis size at the beginning of 2022 at the latest, Finance Minister Olaf Scholz told Reuters on Monday but he added more debt was needed to sustain the achieved progress.

The COVID-19 pandemic plunged Europe’s largest economy into its deepest recession on record in the first half of the year. Berlin unleashed an unprecedented array of rescue and stimulus measures, financed with record new borrowing of some 218 billion euros, to help companies and consumers get out of the crisis.

“We see that the economic recovery is making headway. That’s a good sign,” Scholz said in the Reuters interview, adding that the economy could also be back to pre-crisis level before 2022 if the recovery was supported in the right way.

Scholz said he was therefore planning to take

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AM Best Assigns Stable Outlook to Taiwan’s Non-Life Insurance Industry


AM Best has assigned a market segment outlook of stable to Taiwan’s non-life insurance market, citing consistent favourable underwriting and investment performances, as well as the strong capitalisation of Taiwan’s non-life insurers, despite some negative impacts from the COVID-19 pandemic.

The new Best’s Market Segment Report, titled, “Market Segment Outlook: Taiwan Non-Life,” states that while many economies in the Asia-Pacific region continue to grapple with the challenges brought on by the COVID-19 pandemic, the Taiwan economy has remained resilient relative to its peers. Additionally, over the last few years, the non-life insurance market has been expanding at mid to high single-digit rates in tandem with the economy. In 2019, total direct premium written (DPW) rose by 7% to TWD 177 billion (USD 5.9 billion). The Taiwan insurance sector is considered to be a developed market in Asia Pacific, with one of the highest non-life

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Should municipalities cut police budgets and use the money to support community programs?

Nicole McClain
Nicole McClainNatalie Bowers

Pressure from citizens demanding reform to stop the continuous unjust and undeniable killings of Black Americans at the hands of police officers has resulted in a nationwide conversation about reallocating police funds. The focus of that discussion is and should be how we can work together to constructively achieve equal protection and service for all Americans.

Despite what you see on social media, most people calling for reallocating police funds recognize the value an effective police service offers its community. Abolishing or defunding the police is not the answer to police brutality. But reallocation can offer attractive solutions.

I am not an expert on policy. I am a resident of the North Shore, born and raised in Lynn. These issues concern me as a mother, wife, veteran, and Black American. Many local officials around the country have expressed support for reallocating police funds, and a good

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Education Loan Or Personal Loan? What To Choose To Fund Your Education

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Educational aspirations have grown tremendously, and so has the demand for professional courses at the best centres of education. But quality education extracts a steep price, which can be a hindrance in the fulfilment of a student’s aspirations. This is where a loan come to your rescue, helping you finance your education needs. In this article, we can talk about two financing options: education loans and personal loans, and how to pick one in order to get the best deal.

Purpose: Personal Loan Vs Education Loan

A personal loan is a versatile loan that can be used for any financial need. It is an unsecured loan for which you are not required to pledge a collateral. You can avail a personal loan for any purpose such as buying a gadget, funding travel, buying a car, or even financing your education.

An education loan can be availed

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