Amazon’s $50 Fire tablet is bad — you can get a much better version for just $10 more

Amazon Fire 7 tablet Todd Haselton | CNBCAmazon recently refreshed its $50 Fire 7 tablet with new colors, support for calling up Alexa by name and twice the storage as its previous version. What’s goodAmazon Fire 7 tablet Todd Haselton | CNBCThe Fire 7 tablet is the smallest tablet Amazon sells that gives you access to Amazon’s services, like Audible, Amazon Photos, Alexa, Amazon Prime video and the Amazon store. You’d be hard pressed to find a better tablet for $50. Amazon Fire 7 tablet Todd Ha


Amazon Fire 7 tablet Todd Haselton | CNBCAmazon recently refreshed its $50 Fire 7 tablet with new colors, support for calling up Alexa by name and twice the storage as its previous version. What’s goodAmazon Fire 7 tablet Todd Haselton | CNBCThe Fire 7 tablet is the smallest tablet Amazon sells that gives you access to Amazon’s services, like Audible, Amazon Photos, Alexa, Amazon Prime video and the Amazon store. You’d be hard pressed to find a better tablet for $50. Amazon Fire 7 tablet Todd Ha
Amazon’s $50 Fire tablet is bad — you can get a much better version for just $10 more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-10  Authors: todd haselton
Keywords: news, cnbc, companies, todd, better, amazons, bad, hd, price, buy, tablet, version, youre, alexa, haselton, 50, amazon


Amazon's $50 Fire tablet is bad — you can get a much better version for just $10 more

Amazon Fire 7 tablet Todd Haselton | CNBC

Amazon recently refreshed its $50 Fire 7 tablet with new colors, support for calling up Alexa by name and twice the storage as its previous version. It’s so affordable I hopped into a Best Buy and picked one up last week. But, after testing it for a few days, I can’t recommend it for anybody. Instead, if you’re interested in Amazon’s Fire tablets, which are generally quite good for the price, buy the $60 Fire HD 8 instead. Here’s what you need to know about the new Fire 7.

What’s good

Amazon Fire 7 tablet Todd Haselton | CNBC

The Fire 7 tablet is the smallest tablet Amazon sells that gives you access to Amazon’s services, like Audible, Amazon Photos, Alexa, Amazon Prime video and the Amazon store. Amazon generously included 16GB of storage instead of the 8GB it used to offer for tablets at this price, but most people will still want to buy a microSD card to add more. The 16GB won’t let you store many TV shows and movies offline if you have a lot of apps. It’s really only adequate if you plan to stream a lot. It’s easy to set up — you just sign into your Amazon account and you’re good to go. Like Amazon’s other tablets, it listens for when you say “Alexa” so you can talk to the voice assistant whenever you want, without having to tap a button or open an app. This worked OK for me, though sometimes I had to say “Alexa” more than once to get it to wake up. The most notable thing about it is the $50 price tag. You’d be hard pressed to find a better tablet for $50. But I still think you should spend the extra $10 on the Amazon Fire HD 8, which is better in many ways.

What’s bad

The Amazon Fire 7 tablet has a single speaker that’s blocked by your hand when you hold it. Todd Haselton | CNBC

You get what you pay for. The battery life of the Fire 7 is pretty terrible and didn’t get me through a full day. It even seems to drain battery faster than other devices while sitting idle in my bag, which was annoying. Amazon promises 7 hours of battery which is fine if you have a quick plane ride, but that’s three hours shorter than the Fire HD 8. The screen is a throwback. It’s not HD, which has been fairly standard on devices for almost a decade, and you can see the pixels when you look at it. The Fire HD 8 has a sharper screen and, while you can still see pixels, it’s better for movies and reading text. Also, the Fire 7 has a single speaker on the left side, which you’ll block if you’re holding the tablet in portrait mode. Again, the Fire HD 8 has a better option with stereo speakers that come out of both sides of the tablet.

Amazon Fire 7 tablet Todd Haselton | CNBC

The cameras on the Fire 7 are adequate given the price. Just don’t expect them to be close to what you get on a modern phone. Also, the Fire 7 feels sluggish at times. I noticed some lag while moving around apps, and sometimes even just while scrolling through the system. That’s probably because it only has 1GB of RAM versus 1.5GB in the Fire HD 8. The latter isn’t very fast, either but seems a little more fluid.

Should you buy it?

Amazon Fire 7 tablet Todd Haselton | CNBC


Company: cnbc, Activity: cnbc, Date: 2019-06-10  Authors: todd haselton
Keywords: news, cnbc, companies, todd, better, amazons, bad, hd, price, buy, tablet, version, youre, alexa, haselton, 50, amazon


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Obama budget official: ‘Medicare for All’ is Democrat version of GOP’s ‘repeal and replace’

Peter Orszag, CEO of Financial Advisory at Lazard Ltd., speaking at the CNBC Healthy Returns conference in New York on May 21, 2019. Instead, the public will begin to see a “bogeyman” version of government-run health care emerge after the 2020 presidential election. Democratic proposals for a government-run health-care system are the equivalent of Republican bids pushing to repeal and replace Obamacare, and they will never pass, President Barack Obama ‘s former budget chief said Tuesday. Lawmake


Peter Orszag, CEO of Financial Advisory at Lazard Ltd., speaking at the CNBC Healthy Returns conference in New York on May 21, 2019. Instead, the public will begin to see a “bogeyman” version of government-run health care emerge after the 2020 presidential election. Democratic proposals for a government-run health-care system are the equivalent of Republican bids pushing to repeal and replace Obamacare, and they will never pass, President Barack Obama ‘s former budget chief said Tuesday. Lawmake
Obama budget official: ‘Medicare for All’ is Democrat version of GOP’s ‘repeal and replace’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-21  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, system, health, orszag, version, york, replace, official, budget, gops, ceo, medicare, healthcare, democrat, repeal, governmentrun, obama


Obama budget official: 'Medicare for All' is Democrat version of GOP's 'repeal and replace'

Peter Orszag, CEO of Financial Advisory at Lazard Ltd., speaking at the CNBC Healthy Returns conference in New York on May 21, 2019.

“Single-payer is the Democratic equivalent of repeal and replace. It’ll never be legislated, because the details are too hard,” said Orszag, now CEO of financial advisory at Lazard.

“Medicare for All” will never be implemented in the U.S. because the “details” are “too hard,” former Office of Management and Budget Director Peter Orszag said at CNBC’s Healthy Returns conference in New York. Instead, the public will begin to see a “bogeyman” version of government-run health care emerge after the 2020 presidential election.

Democratic proposals for a government-run health-care system are the equivalent of Republican bids pushing to repeal and replace Obamacare, and they will never pass, President Barack Obama ‘s former budget chief said Tuesday.

President Donald Trump, who has long opposed Obamacare, formally known as the Affordable Care Act, failed to rally the GOP behind an effort in 2017 to repeal and replace it, as he promised during his campaign.

A number of Democratic proposals already making the campaign rounds call for eliminating private health insurance and replacing it with a universal Medicare plan. Lawmakers say it would help reduce administrative inefficiencies and costs in the U.S. health-care system. Most recently, presidential contender Sen. Bernie Sanders, I-Vt., unveiled a bill that would create a government-run system to provide health insurance for all Americans.

Analysts say actually implementing “Medicare for All” would be tough even if Sanders won. Democrats would need to hold on to their edge in the U.S. House and win at least three new Senate seats in the 2020 election to regain control of Congress. Then they would likely need 60 votes in the Senate and two-thirds of the House to overcome any potential filibusters.

The possibility has CEOs of major health-care companies worried too.

The sharpest rebuke came from UnitedHealth Group CEO David Wichmann, who said that “Medicare for All” would “surely destabilize” the U.S. health system.

WATCH: What ‘Medicare-for-All’ looks like in France


Company: cnbc, Activity: cnbc, Date: 2019-05-21  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, system, health, orszag, version, york, replace, official, budget, gops, ceo, medicare, healthcare, democrat, repeal, governmentrun, obama


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Amazon just announced a new version of its $50 tablet

Amazon on Thursday announced a new version of its Fire 7 tablet. Like the previous model, this one only costs $49.99 and is available for preorder now before it begins shipping on June 6. Amazon will also sell a 32GB version. Amazon said this model now supports Alexa hands-free, so you can call up Alexa by just speaking to the tablet. Amazon will also sell a special Fire 7 Kids Edition for $99.99 that ships with a “kid-proof case.”


Amazon on Thursday announced a new version of its Fire 7 tablet. Like the previous model, this one only costs $49.99 and is available for preorder now before it begins shipping on June 6. Amazon will also sell a 32GB version. Amazon said this model now supports Alexa hands-free, so you can call up Alexa by just speaking to the tablet. Amazon will also sell a special Fire 7 Kids Edition for $99.99 that ships with a “kid-proof case.”
Amazon just announced a new version of its $50 tablet Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: todd haselton
Keywords: news, cnbc, companies, 50, storage, hd, tablets, ipad, costs, amazon, version, model, alexa, announced, tablet


Amazon just announced a new version of its $50 tablet

Amazon on Thursday announced a new version of its Fire 7 tablet. Like the previous model, this one only costs $49.99 and is available for preorder now before it begins shipping on June 6.

Amazon’s Fire tablets have long offered a cheap alternative to products such as iPads and provide easy access to Amazon’s ecosystem of products, including its Alexa voice assistant, Prime Video, Prime Music, the company’s app store and Amazon.com. For comparison: Apple’s newest iPad Mini is about the same size, but costs $399.

The new Fire tablet model now ships with twice the storage, which means you get 16GB on the base version instead of just 8GB, and the company kept a microSD card slot so you can always add more. Amazon will also sell a 32GB version. Amazon said this model now supports Alexa hands-free, so you can call up Alexa by just speaking to the tablet. It’s also resistant to spills and drops, the company said.

Amazon’s Fire tablets can be a good bang-for-your buck alternative to iPads. Its Fire HD 8 has a sharper screen and longer battery life, but costs $80. There’s also a 10.1-inch model with a 1080p display and 32GB of storage, which costs $149.99. The Fire HD 8 and Fire HD 10 were not updated on Thursday, however. If you have more to spend, check out Apple’s 9.7-inch iPad or the new iPad mini, which are faster and have more apps.

The Fire 7 tablet will ship in four colors, including black, blue, plum and sage. Amazon will also sell a special Fire 7 Kids Edition for $99.99 that ships with a “kid-proof case.” It also comes with a year of Amazon’s FreeTime service, which has a library of kid-friendly games, apps, books and videos.


Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: todd haselton
Keywords: news, cnbc, companies, 50, storage, hd, tablets, ipad, costs, amazon, version, model, alexa, announced, tablet


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Foreign automakers Mitsubishi, VW, Mercedes challenge Detroit in growing US pickup market

Most of the new entrants will target the midsize truck market, he said, “which we expect will be one of the fastest growing segments” in the U.S. between now and mid-decade. Typical Monthly Payment New: $321Typical Monthly Payment Used: $326Total Savings Over Term: $300The Dodge Dakota is a pickup truck for people who actually need a pickup truck. Whatever approach they ultimately take, both Mitsubishi and Volkswagen are projected to enter the midsize pickup market in the U.S., rather than the f


Most of the new entrants will target the midsize truck market, he said, “which we expect will be one of the fastest growing segments” in the U.S. between now and mid-decade. Typical Monthly Payment New: $321Typical Monthly Payment Used: $326Total Savings Over Term: $300The Dodge Dakota is a pickup truck for people who actually need a pickup truck. Whatever approach they ultimately take, both Mitsubishi and Volkswagen are projected to enter the midsize pickup market in the U.S., rather than the f
Foreign automakers Mitsubishi, VW, Mercedes challenge Detroit in growing US pickup market Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: paul a eisenstein
Keywords: news, cnbc, companies, model, segment, fullsize, growing, detroit, version, platform, pickup, vw, market, foreign, challenge, automakers, midsize, truck, pickups, mercedes, mitsubishi


Foreign automakers Mitsubishi, VW, Mercedes challenge Detroit in growing US pickup market

Vokswagen Tarok concept pickup Handout/Volkswagen Group of America, Inc.

The pickup segment has been one of the engines driving the U.S. new vehicle market and it’s likely to get a lot more crowded over the next few years, with Mitsubishi, Volkswagen and Hyundai, among others, considering adding the utility trucks back to their lineups. Senior officials with Mitsubishi and Volkswagen say they are currently exploring different options, with both expected to make their moves before the middle of the coming decade, according to industry analysts. Hyundai, meanwhile, is already at work on a production version of the popular Santa Cruz concept it first revealed at the 2015 North American International Auto Show. Still other manufacturers, ranging from mainstream Fiat Chrysler to highline Mercedes-Benz, are considering their own pickups, said Augusto Amorim, a senior analyst with LMC Automotive. Most of the new entrants will target the midsize truck market, he said, “which we expect will be one of the fastest growing segments” in the U.S. between now and mid-decade. Before Mitsubishi locks down plans, North America COO Mark Chaffin said “[we] have to have one that’s the right fit for Mitsubishi, for our demographic, and something that’s really competitive in the market,” according to trade publication Ward’s.

Typical Monthly Payment New: $321Typical Monthly Payment Used: $326Total Savings Over Term: $300The Dodge Dakota is a pickup truck for people who actually need a pickup truck. If your most strenuous transportation duty involves bringing groceries home, then the Dakota is probably not for you. On the other hand, if you’re hauling construction equipment, lumber or heavy machinery, this midsized pickup is ideal.The typical monthly payment on the truck is $321 new and $326 used. This discrepancy of edmunds.com

Mitsubishi has offered several pickups to U.S. buyers over the years, most recently going with a rebadged version of the Dodge Dakota it called the Raider. It now has several alternatives after being absorbed into what has become the Renault-Nissan-Mitsubishi Alliance. It could update the pickup it now sells in over 150 global markets under a mix of names including Triton, L200 and Strada. But as part of the Alliance, Amorim said in an interview that he expects a U.S. truck would likely be based on the same platform as Nissan’s current midsize model, the Frontier. “We expect them to use the Frontier platform to enter the U.S. market in 2024,” the analyst said, as a 2025 model. VW is going through a similar exploration process, Scott Keogh, the CEO of Volkswagen Group of America told another industry trade publication, Automotive News, this week. In its case, however, it has even more options: The German automaker showed off one possibility at the 2018 New York International Auto Show, a midsize concept based on the same platform as its three-row Atlas SUV; At this year’s New York show, VW revealed a downsized truck concept dubbed Tarok, which offset its short stature by using a creative approach to turn its rear seat into part of the pickup’s bed; With VW already partnering with Ford on light commercial vehicles and discussing a variety of other joint ventures, it could try to negotiate a deal which would let it build a version of the new Ford Ranger that just recently returned to the American market after a lengthy absence. VW previously built a compact pickup in the U.S. during the late 1970s and early 1980s, based on the same platform as its Rabbit hatchback. It is generally expected to lean towards using a car-based platform for an American model, and going with a version of the Tarok concept could be particularly appealing, as Keogh told Automotive News a production model “will be made for the South American market [in 2020]. The question we have is, could something like this make sense, with modifications, in the U.S. market?” Whatever approach they ultimately take, both Mitsubishi and Volkswagen are projected to enter the midsize pickup market in the U.S., rather than the full-size segment. Domestic automakers overwhelmingly dominate that market – which provides General Motors, Ford and Fiat Chrysler with the bulk of their earnings. The two foreign players, Toyota and Nissan, have repeatedly failed to gain more than a toe-hold in the market for bigger, full-size pickups that can to toe to toe with the Ford F-150 or GM’s Chevy Silverado.

CNBC | Mack Hogan

It’s another story in the midsize segment which has long been dominated by imports. Once larger than the full-size segment, demand for model’s like the Toyota Tacoma began to lose steam in the early years of the new millennium and, by the time the industry hit bottom during the Great Recession, Honda and all three of the Detroit manufacturers started to pull out. General Motors decided to give the midsize market another try, however, for 2015 returning with the Chevrolet Colorado and GMC Canyon models. Demand proved so solid that Honda rushed out a new version of its own midsize truck, the Ridgeline. Ford, which continued to produce a version of its Ranger for overseas markets, initially hesitated but, for 2019, it returned with an Americanized version of the truck. And Jeep, which hasn’t offered a pickup since 1992, has just staged its own comeback with the midsize Gladiator. The flood of new products is clearly paying off. The U.S. full-size pickup sales have been hovering at a steady 2.3 million to 2.4 million a year, a figure LMC Automotive expects to hold through mid-decade. Sales of midsize models, meanwhile, jumped from 452,000 in 2017 to 524,000 last year, with the consulting firm predicting that will top 600,000 this year and hit 714,000 by 2025. That’s the sort of lure that has other brands considering their options. That includes Fiat Chrysler, which could revive the Dakota under its Dodge brand or the Ram division, which produces the company’s full-size 1500 and heavy-duty models. Either way, a second midsize model was included in the five-year corporate plan the automaker’s late CEO Sergio Marchionne revealed last June. The problem, Ram brand boss Reid Bigland said in an interview, is coming up with the right business model and choosing the best brand to market it under.

CEO Dr Dieter Zetsche and Volker Mornhinweg, Head of Mercedes-Benz Vans present the new Mercedes-Benz Pickup at a press event held at the art gallery Artipelag in Stockholm, Sweden on October 25, 2016. Vilhelm Stokstad | Getty Images

Yet another entrant could be Mercedes which launched its first-ever pickup, the X-Class, in 2017. Initial plans didn’t include the U.S., but a number of analysts now have a version of the luxury truck on their product forecasts. “The challenge is positioning: should it be a luxury truck or a commercial vehicle,” said Amorim. “I don’t think they know how to sell it and who they would sell it to.” As with almost every other vehicle segment in the U.S. market, pickup trucks have grown steadily larger over the years. The current version of the midsize Chevrolet Colorado is nearly as large as the full-size Chevy Silverado of three decades back. Some in the industry believe that could create a new and even smaller option that could serve as a replacement for the compact pickups that proved particularly popular when Baby Boomers were just starting to take to the highways.

The 2020 Chevy Colorado ZR2 Bison. Adam Jeffery | CNBC


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: paul a eisenstein
Keywords: news, cnbc, companies, model, segment, fullsize, growing, detroit, version, platform, pickup, vw, market, foreign, challenge, automakers, midsize, truck, pickups, mercedes, mitsubishi


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Facebook is rolling out the biggest change to its app in the past five years

Facebook will roll out the biggest change to its app in the past five years on Tuesday, CEO Mark Zuckerberg announced at the company’s F8 Developer Conference. The new version of the app marks an early step toward Zuckerberg’s new privacy and messaging focused vision for the platform. “FB5” marks the fifth “major version” of the app, Zuckerberg said, which will emphasize groups and community to a greater extent than the previous designs. “It has a much bigger focus on communities and making comm


Facebook will roll out the biggest change to its app in the past five years on Tuesday, CEO Mark Zuckerberg announced at the company’s F8 Developer Conference. The new version of the app marks an early step toward Zuckerberg’s new privacy and messaging focused vision for the platform. “FB5” marks the fifth “major version” of the app, Zuckerberg said, which will emphasize groups and community to a greater extent than the previous designs. “It has a much bigger focus on communities and making comm
Facebook is rolling out the biggest change to its app in the past five years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: lauren feiner
Keywords: news, cnbc, companies, app, marks, roll, change, version, biggest, rolling, facebook, groups, communities, focus, past, zuckerberg


Facebook is rolling out the biggest change to its app in the past five years

Facebook will roll out the biggest change to its app in the past five years on Tuesday, CEO Mark Zuckerberg announced at the company’s F8 Developer Conference.

The new version of the app marks an early step toward Zuckerberg’s new privacy and messaging focused vision for the platform. “FB5” marks the fifth “major version” of the app, Zuckerberg said, which will emphasize groups and community to a greater extent than the previous designs.

“It has a much bigger focus on communities and making communities as central as friends,” Zuckerberg said, highlighting the app’s simpler design. “The app isn’t even blue anymore,” he said, chuckling, adding that Facebook’s icon will be modernized as well.

As the app shifts to focus on groups, Zuckerberg said the company will take measures to ensure that it is not recommending users to join groups made for the purpose of spreading misinformation, a problem for which Facebook has been criticized intensely over the past year. At the beginning of the conference, Zuckerberg acknowledged, “I get that a lot of people aren’t sure that we’re serious about this,” referencing his new privacy-focused strategy in light of its recent scandals.

The new version will roll out in the U.S. on Tuesday and will continue to roll out around the world in the coming weeks. Facebook is also working on a new version of its desktop website, which Zuckerberg said is coming later this year.

Subscribe to CNBC on YouTube.

Watch: Investors are excited about innovation at Facebook, says analyst


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: lauren feiner
Keywords: news, cnbc, companies, app, marks, roll, change, version, biggest, rolling, facebook, groups, communities, focus, past, zuckerberg


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The Fed is looking at a new program that could be another version of ‘quantitative easing’

In some quarters, the idea is viewed as a natural extension of current Fed policy. The idea comes as central bank policymakers look for ways to cut the bond holdings on its balance sheet without being disruptive to markets. A subsequent Fed policy pivot that included an intention to end the balance sheet roll-off in September assuaged the market. Former Fed Chair Janet Yellen had characterized the balance sheet roll-off as akin to “watching paint dry” as it would run “in the background.” The Fed


In some quarters, the idea is viewed as a natural extension of current Fed policy. The idea comes as central bank policymakers look for ways to cut the bond holdings on its balance sheet without being disruptive to markets. A subsequent Fed policy pivot that included an intention to end the balance sheet roll-off in September assuaged the market. Former Fed Chair Janet Yellen had characterized the balance sheet roll-off as akin to “watching paint dry” as it would run “in the background.” The Fed
The Fed is looking at a new program that could be another version of ‘quantitative easing’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: jeff cox
Keywords: news, cnbc, companies, reserves, sheet, easing, policy, version, quantitative, treasurys, program, looking, trillion, fed, market, balance, facility, banks


The Fed is looking at a new program that could be another version of 'quantitative easing'

Federal Reserve Chairman Jerome Powell holds a news conference following the two-day Federal Open Market Committee (FOMC) policy meeting in Washington, U.S., March 20, 2019. Jonathan Ernst | Reuters

Federal Reserve officials are considering a new program that would allow banks to exchange Treasurys for reserves, a move aimed at ensuring liquidity during difficult times that also would help the central bank decrease the size of its nearly $4 trillion balance sheet. The so-called standing repo facility is in its early discussion phases. Respected St. Louis Fed economists David Andolfatto and Jane Ihrig have authored two papers on the plan, which they say would ease the regulatory burden for banks that feel pressured into holding ultra-safe assets. In some quarters, the idea is viewed as a natural extension of current Fed policy. Others, though, think it in essence could be a repackaged form of quantitative easing and thus yet another iteration of the Fed’s decadelong tinkering in financial markets. The idea comes as central bank policymakers look for ways to cut the bond holdings on its balance sheet without being disruptive to markets.

“With this facility in place, banks should feel comfortable holding Treasuries to help accommodate stress scenarios instead of reserves,” Andolfatto and Ihrig wrote in March. “The demand for reserves would decline substantially as a result. Ample reserves — and therefore the size of the Fed’s balance sheet — could in fact be much closer to their historical levels.” In a follow-up a few weeks ago, the duo wrote that the first paper “generated a considerable amount of discussion among industry experts. Many people seemed broadly sympathetic to the proposal, while others expressed skepticism.”

A question of balance

Determining an appropriate size for the bond portfolio has been an ongoing headache at the central bank. Fed Chairman Jerome Powell’s comments in December that a program to cut the balance sheet was on “autopilot” contributed to a market meltdown that lasted through the fourth quarter. Since October 2017, the Fed has been allowing a set level of proceeds from Treasurys and mortgage-backed securities holdings to roll off each month, resulting in a reduction of just shy of $500 billion. A subsequent Fed policy pivot that included an intention to end the balance sheet roll-off in September assuaged the market. However, the question of where the level of bonds, and reserves, ends up over the long run remains. Instituting a standing repo facility would encourage banks to hold more Treasurys and thus reduce the demand for reserves, which escalated after the financial crisis when big Wall Street institutions faced a crippling liquidity shortage. Congress responded to the crisis with reforms that mandated higher holdings of safe assets. While Treasurys are considered safe, they aren’t as liquid during times of stress. The Fed ideally would like to see a lower reserve level, with the New York Fed putting the desired number from banks around $784 billion. The level of bank reserves at the Fed peaked at nearly $2.8 trillion in mid-2014 and is currently $1.55 trillion, or some $1.41 trillion above the required amount. Reserves and the bond assets are on opposite sides of the balance sheet and thus tend to move in sync. Backers see the repo facility as a relatively risk-free way of giving banks a release valve in times of financial tightness while providing at least a stealthy form of QE. “It makes it a much easier transition. The banks would not feel obligated to hold these reserves if the could get the reserves quickly by selling Treasurys to the Fed,” said David Beckworth, a research fellow at the Mercatus Center and former economist at the Treasury Department. “This would be a much more market-driven QE. The banks could quickly get reserves. You could see a big balance sheet again, but that would be driven by the banks.” Under three previous QE stages — another called “Operation Twist” was balance sheet neutral — the Fed credited itself with funds that it then used to acquire Treasurys and mortgage-backed securities. The total of the operations was about $3.8 trillion and is widely felt to have stemmed liquidity issues, held interest rates low, and juiced up the prices of risky assets like stocks and corporate bonds. Over the past year and a half or so, the Fed has sought to shed some of those assets and restore some normalcy to monetary policy. Former Fed Chair Janet Yellen had characterized the balance sheet roll-off as akin to “watching paint dry” as it would run “in the background.” Reality, though, hasn’t been so smooth, and the Fed has sought ways to allay market fears that the new policy regime would be disruptive.

Shadows of the crisis

Beckworth said that under another recession or significant pullback “it’s almost guaranteed the Fed is quickly going back to QE. You can easily imagine the Fed doing QE4, QE5. The Fed’s balance sheet, if I had to bet money, is going to get pretty large in the next recession. It’s a really poor form of debt management.” Supporters of the reverse repo facility said it would correct some of the mistakes of the past and stand as a bulwark against market disruptions like what happened during the financial crisis in 2008. “There’s that old saying about liquidity is always there except when you need it most. If you’re a banker, what you’re most concerned about is that we’ll have another episode like what happened at the height of the financial crisis,” said Peter Ireland, an economics professor at Boston College and member of the Shadow Open Market Committee, which monitors Fed policy. “The nice thing about the standing repurchase facility would be that the Fed would say to banks, ‘Look, we stand ready in times of stress to supply reserves on demand. … This would enable banks to decrease their hold of excess reserves, which is what the Fed wants them to do, increase their holdings of Treasurys, which is what [banks] want to do, while still guarding against a freeze-up of markets during times of stress.” How quickly the Fed might take up the idea is uncertain. Ireland said he expects the central bank likely wouldn’t act until it became necessary, for fear of “unintended consequences.” The policymaking Federal Open Market Committee meets Tuesday and Wednesday, so the item could come up on the agenda. The committee is almost certain to not raise rates, but faces several questions. Fed watchers have been wondering whether the committee will make a technical adjustment to the interest it pays on excess reserves, which is now running 4 basis points behind the funds rate, a unique relationship for the two rates.


Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: jeff cox
Keywords: news, cnbc, companies, reserves, sheet, easing, policy, version, quantitative, treasurys, program, looking, trillion, fed, market, balance, facility, banks


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Are you afraid of running out of money in retirement? This score can help assess your risk

The tool is also intended to be flexible, so you can adjust certain data to see how that affects your outcome. That goes particularly for individuals who already have a high RISE score through other income sources. More from Personal Finance:Adult children are eating into parents’ retirement savings: StudyAre Americans overly confident about retirement? The tool is aimed at individuals ages 45 and up with investable assets of $75,000 to $2 million. The professional version will take more nuances


The tool is also intended to be flexible, so you can adjust certain data to see how that affects your outcome. That goes particularly for individuals who already have a high RISE score through other income sources. More from Personal Finance:Adult children are eating into parents’ retirement savings: StudyAre Americans overly confident about retirement? The tool is aimed at individuals ages 45 and up with investable assets of $75,000 to $2 million. The professional version will take more nuances
Are you afraid of running out of money in retirement? This score can help assess your risk Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: lorie konish, nils hendrik mueller, cultura, getty images
Keywords: news, cnbc, companies, help, tool, income, money, score, statler, financial, social, retirement, consumers, afraid, risk, assess, version, individuals, alliance, running


Are you afraid of running out of money in retirement? This score can help assess your risk

What you will need to budget for once you retire 10:14 AM ET Wed, 27 Feb 2019 | 00:48

The tool is provided by the Alliance for Lifetime Income, a nonprofit organization backed by the financial services industry. It was developed by Milliman, a provider of actuarial products and services.

Consumers can access the tool online. After inputting factors such as the Social Security income you expect, any pension income you may have, how much you have saved and your monthly living and medical expenses, you can see how well you will fare financially in retirement.

“Based on what you put in, this is your score and means you’re going to run out of money if you live past a certain age,” said Jean Statler, executive director at the Alliance for Lifetime Income.

The information you put in is anonymous, meaning it will not be shared with other parties. The tool is also intended to be flexible, so you can adjust certain data to see how that affects your outcome.

The alliance advocates that consumers consider annuities to access guaranteed income. However, the tool itself does not steer consumers to specific investment products.

“Sometimes the answer is not an annuity,” Statler said. That goes particularly for individuals who already have a high RISE score through other income sources.

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Expert advocates using 401(k) savings to fatten Social Security checks

Instead, the organization hopes that consumers will take away one key message from the score: “Go talk to your financial advisor,” Statler said.

The tool is aimed at individuals ages 45 and up with investable assets of $75,000 to $2 million.

The consumer-facing version of the RISE score was launched on Wednesday. A separate, financial advisor-facing version is slated to launch in May. The professional version will take more nuances of an individual’s financial picture into account, such as portfolio allocations and different kinds of annuities.

Both versions are free.

WATCH: Retiree health costs


Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: lorie konish, nils hendrik mueller, cultura, getty images
Keywords: news, cnbc, companies, help, tool, income, money, score, statler, financial, social, retirement, consumers, afraid, risk, assess, version, individuals, alliance, running


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The first 5G phone will cost $1,300 on Verizon

Verizon on Thursday announced that it will begin to sell the Galaxy S10 5G on May 16 for $1,300. It’s the first phone with 5G included that Verizon will sell. It follows the Motorola Z3, which supports 5G, but requires a separate accessory that adds the functionality to the phone. The Samsung Galaxy S10 5G is a larger version of the Galaxy S10 that Samsung launched earlier this year. Verizon will sell two models including the $1,300 option as well as a $1,400 version with twice the storage.


Verizon on Thursday announced that it will begin to sell the Galaxy S10 5G on May 16 for $1,300. It’s the first phone with 5G included that Verizon will sell. It follows the Motorola Z3, which supports 5G, but requires a separate accessory that adds the functionality to the phone. The Samsung Galaxy S10 5G is a larger version of the Galaxy S10 that Samsung launched earlier this year. Verizon will sell two models including the $1,300 option as well as a $1,400 version with twice the storage.
The first 5G phone will cost $1,300 on Verizon Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: todd haselton, patrick t fallon, bloomberg, getty images, benjamin hall
Keywords: news, cnbc, companies, sell, including, city, phone, cost, galaxy, samsung, verizon, 1300, 5g, s10, version


The first 5G phone will cost $1,300 on Verizon

Verizon on Thursday announced that it will begin to sell the Galaxy S10 5G on May 16 for $1,300. It’s the first phone with 5G included that Verizon will sell. It follows the Motorola Z3, which supports 5G, but requires a separate accessory that adds the functionality to the phone.

The Samsung Galaxy S10 5G is a larger version of the Galaxy S10 that Samsung launched earlier this year. Verizon will sell two models including the $1,300 option as well as a $1,400 version with twice the storage. The phone will also launch on AT&T, Sprint and T-Mobile later this year.

Verizon also said it will activate 5G in 20 new markets this year including Atlanta, Boston, Charlotte, Cincinnati, Cleveland, Columbus, Dallas, Des Moines, Denver, Detroit, Houston, Indianapolis, Kansas City, Little Rock, Memphis, Phoenix, Providence, San Diego, Salt Lake City and Washington DC.


Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: todd haselton, patrick t fallon, bloomberg, getty images, benjamin hall
Keywords: news, cnbc, companies, sell, including, city, phone, cost, galaxy, samsung, verizon, 1300, 5g, s10, version


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2020 Democrats split with House leaders over whether to impeach Trump after Mueller report

The redacted version of special counsel Robert Mueller’s Russia report has finally arrived, and with it a renewed focus on whether Democrats will try to impeach President Donald Trump. The Mueller report — released with redactions Thursday — found insufficient evidence to prove that Trump’s 2016 campaign coordinated with the Kremlin. Attorney General William Barr and Deputy Attorney General Rod Rosenstein further determined that the report did not show that Trump committed an obstruction of just


The redacted version of special counsel Robert Mueller’s Russia report has finally arrived, and with it a renewed focus on whether Democrats will try to impeach President Donald Trump. The Mueller report — released with redactions Thursday — found insufficient evidence to prove that Trump’s 2016 campaign coordinated with the Kremlin. Attorney General William Barr and Deputy Attorney General Rod Rosenstein further determined that the report did not show that Trump committed an obstruction of just
2020 Democrats split with House leaders over whether to impeach Trump after Mueller report Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: kevin breuninger, alex wong, getty images
Keywords: news, cnbc, companies, impeach, report, support, democrats, trumps, version, mueller, house, president, trump, split, impeachment, 2020, voters, leaders


2020 Democrats split with House leaders over whether to impeach Trump after Mueller report

The redacted version of special counsel Robert Mueller’s Russia report has finally arrived, and with it a renewed focus on whether Democrats will try to impeach President Donald Trump.

While the president touts the report as a resounding victory for him and his administration, many Democrats have seized on the 448-page window into Trump’s White House, declaring it a damning account of executive incompetence and unethical conduct.

The Mueller report — released with redactions Thursday — found insufficient evidence to prove that Trump’s 2016 campaign coordinated with the Kremlin. Attorney General William Barr and Deputy Attorney General Rod Rosenstein further determined that the report did not show that Trump committed an obstruction of justice offense.

Still, its findings have shoved the impeachment conversation further into the mainstream than ever before during Trump’s presidency.

In recent days, a growing number of Democratic presidential candidates have come out in favor of moving toward impeachment, andat least one of them has explicitly called for the House to launch proceedings against Trump.

Leaders in the party, however, have signaled their opposition to launching an impeachment fight, which could derail their legislative agenda, hurt their party in the polls — or even threaten Democrats’ chances of beating Trump in 2020.

“The rank and file for the most part realizes this is not a winning strategy,” Monmouth University Polling Institute Director Patrick Murray told CNBC.

Murray pointed to polls showing that less than 4 in 10 voters support impeaching and removing Trump from office — a move that would require support from two-thirds of the Senate, which is currently controlled by Republicans.

And now that a version of the Mueller report is out, appetites for impeachment appear to be waning even further. A poll released Monday from Morning Consult and Politico found that just 34% of voters support impeaching Trump — a 5-percentage-point drop since January, even as Trump’s own approval rating slid to 39%.

Jack Kingston, a conservative activist and former GOP congressman from Georgia, put it bluntly: “People don’t like you screwing with their president of the United States.”

Trump, who has raged against the Mueller probe as a partisan “witch hunt” before and after the release of the report, said Monday that he is “not even a little bit” worried about impeachment.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: kevin breuninger, alex wong, getty images
Keywords: news, cnbc, companies, impeach, report, support, democrats, trumps, version, mueller, house, president, trump, split, impeachment, 2020, voters, leaders


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Tesla is investigating the apparent explosion of a parked car in Shanghai

Tesla said Monday it immediately sent a team to investigate an apparent explosion of one of its cars that occurred in Shanghai on Sunday evening local time. There are no known casualties at this time, the electric car company said in a Chinese-language post on Weibo, China’s version of Twitter. It was not immediately clear which Tesla model was affected, but reports indicated the car was parked at the time of the fire. In January, Chicago law firm Corboy & Demetrio said that there have been at l


Tesla said Monday it immediately sent a team to investigate an apparent explosion of one of its cars that occurred in Shanghai on Sunday evening local time. There are no known casualties at this time, the electric car company said in a Chinese-language post on Weibo, China’s version of Twitter. It was not immediately clear which Tesla model was affected, but reports indicated the car was parked at the time of the fire. In January, Chicago law firm Corboy & Demetrio said that there have been at l
Tesla is investigating the apparent explosion of a parked car in Shanghai Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: evelyn cheng
Keywords: news, cnbc, companies, version, worldwide, tesla, model, vehicles, parked, explosion, immediately, car, weibo, investigating, shanghai, apparent


Tesla is investigating the apparent explosion of a parked car in Shanghai

Tesla said Monday it immediately sent a team to investigate an apparent explosion of one of its cars that occurred in Shanghai on Sunday evening local time.

There are no known casualties at this time, the electric car company said in a Chinese-language post on Weibo, China’s version of Twitter. Tesla also said it is in active communication and cooperation with relevant departments about the situation.

It was not immediately clear which Tesla model was affected, but reports indicated the car was parked at the time of the fire.

In January, Chicago law firm Corboy & Demetrio said that there have been at least a dozen cases worldwide in the last five years of Model S batteries exploding in collisions and parked vehicles. The statement was part of a lawsuit filed against Tesla that alleged a 2014 Model S had a defective battery pack, causing an 18-year-old passenger to die in an accident last year, Reuters reported.

—Reuters contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: evelyn cheng
Keywords: news, cnbc, companies, version, worldwide, tesla, model, vehicles, parked, explosion, immediately, car, weibo, investigating, shanghai, apparent


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