Danielkan personal page - To The Moon

Danielkan

Danielkan

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2021-09-08

Up???

2021-09-07

$KraneShares CSI China Internet ETF(KWEB)$Come on

2021-09-07

Come on

2021-09-06

$KraneShares CSI China Internet ETF(KWEB)$Gogogo

2021-09-06

Gogogo

2021-09-05

$KraneShares CSI China Internet ETF(KWEB)$Come on

2021-09-04

$KraneShares CSI China Internet ETF(KWEB)$Up please

2021-08-31

Lolll

Former Fed official warns of 'urgent' threat of another financial crisis

2021-08-29

$KraneShares CSI China Internet ETF(KWEB)$More dog move

2021-08-29

Move dog move

2021-08-28

$KraneShares CSI China Internet ETF(KWEB)$Come up again

2021-08-26

$JD.com(JD)$Come onnn

2021-08-26

Dogggg

2021-06-25

$ARK Innovation ETF(ARKK)$Okkkkk

2021-06-25

Okkkkk

2021-06-11

$JD.com(JD)$Crapp

2021-06-11

Wowew

2021-06-10

Hello like pls

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2021-06-10

Like comment

"Ethical Failures": Tesla Dropped From Sustainability ETF Due To Environmental, Labor Concerns

2021-06-10

Deadsd

Go to Tiger App to see more news

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Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1630370460,"share":"https://ttm.financial/m/news/2163381188?lang=en_US&edition=fundamental","pubTime":"2021-08-31 08:41","market":"us","language":"en","title":"Former Fed official warns of 'urgent' threat of another financial crisis","url":"https://stock-news.laohu8.com/highlight/detail?id=2163381188","media":"Dow Jones","summary":"Don Kohn calls on Congress to pass financial stability mandates for regulators.\n\nInvestors cheered F","content":"<blockquote>\n Don Kohn calls on Congress to pass financial stability mandates for regulators.\n</blockquote>\n<p>Investors cheered Federal Reserve Chairman Jerome Powell's Jackson Hole speech on Friday, with markets interpreting it to mean that the central bank would not too quickly wind down its support of the economy. But not every speaker at the annual gathering gave cause for optimism.</p>\n<p>Don Kohn, the Fed's former vice chair for financial supervision, used the opportunity instead to warn of imminent risks to the stability of the global financial system, and called on regulators and lawmakers to take swift action to address those concerns.</p>\n<p>\"Dealing with risks to the financial stability is urgent,\" he said during a speech to the Federal Reserve Bank of Kansas City's annual Jackson Hole Economic Policy Symposium. \"The current situation is replete with...unusually large risks of the unexpected, which, if they come to pass, could result in the financial system amplifying shocks, putting the economy at risk.\"</p>\n<p>Kohn pointed to the minutes of the most recent Federal Reserve meeting, which indicated that members of the bank's interest-rate setting committee saw there were \"notable\" vulnerabilities in the financial system as asset values have risen to historical highs and government and private debt have reached near-record levels relative to the size of the economy.</p>\n<p>Despite these excesses, investors don't appear concerned, as evidenced by low interest rates on a wide range of government and corporate debt \"even though a disproportionate increase in private debt has been among lower-rated business borrowers,' he said.</p>\n<p>What's more, Kohn said, the government appears to be in a poor position to respond to an economic downturn that could result from a bursting of an asset bubble or a debt crisis, given that the Federal Reserve is already engaged in aggressive monetary stimulus, while the federal government is maintaining a historically high budget deficit.</p>\n<p>Kohn's wariness about the state of the economy and financial markets is shared among many high-profile investors, with GMO co-founder Jeremy Grantham being <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most high profile advocates of this point of view. In June, he argued the Fed should \"act to deflate all asset prices as carefully as [it can], knowing that an earlier decline, however painful, would be smaller and less dangerous than waiting.\"</p>\n<p>Unlike such bubble-watchers as Grantham, however, Kohn is not laying the blame for high debt and asset prices at the feet of Fed policy. Rather, he is arguing that the central bank must prepare now for a potential bubble bursting through prudential regulation.</p>\n<p>One strategy for insulating the U.S. economy from the bursting of an asset bubble would be to require major banks <a href=\"https://laohu8.com/S/XLF\">$(XLF)$</a> to fund themselves with less debt and more equity, in the form of retained earnings or money raised from stockholders.</p>\n<p>The Fed's so-called countercyclical capital buffer enables the regulator to modify how much debt banks are able to take on, decreasing the level in good times when banks can afford to do so.</p>\n<p>\"By raising capital requirements during boom times, that could put a break on runaway asset prices,\" Jeremy Kress, a former attorney in the banking regulation and policy group at the Federal Reserve, and a professor at Michigan's Ross School of Business, told MarketWatch in June. \"The Federal Reserve, in contrast to other countries, has never turned on this discretionary buffer. Perhaps now might be a good time to activate it,\" said Kress.</p>\n<p>Kohn urged the Fed to increase the counter-cyclical capital buffer, something that Randal Quarles, the current Fed vice chairman for financial supervision, has resisted doing, telling an industry audience in June that raising the buffer would \"needlessly reduce the ability of firms to provide credit to their customers.\" The disagreement could soon become political, as President Joe Biden's progressive allies have called on him to nominate either a Fed chair or vice chair that is more amenable to tougher rules on bank lending.</p>\n<p>Kohn also took aim at two creations of the Dodd-Frank financial reform law instituted in the wake of the last financial crisis: the Financial Stability Oversight Council, which comprises the heads of all the major financial regulatory bodies, and the Office of Financial Research, which was equipped with subpoena power so regulators could demand information needed to maintain financial stability.</p>\n<p>\"I think most would agree that the performance of these two new entities has been spotty,\" Kohn said, arguing that FSOC has proven unable to act quickly while the OFR has never used its subpoena power for fear of ruffling feathers in the industry. He argued that FSOC should be reorganized to give the treasury secretary more power to act unilaterally and that the OFR should be given a new, clear mandate to regularly gather information policymakers need.</p>\n<p>Kohn also called on Congress to pass a new mandate for all federal financial regulators to make financial stability a priority.</p>\n<p>\"Right now, systemic risk is not something they are required to take into account as they carry out their missions,\" he said. \"They should be required to broaden their perspective to consider the systemic implications of their actions and of the activities and firms they oversee and be held accountable for doing this.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Former Fed official warns of 'urgent' threat of another financial crisis</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFormer Fed official warns of 'urgent' threat of another financial crisis\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-08-31 08:41</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n Don Kohn calls on Congress to pass financial stability mandates for regulators.\n</blockquote>\n<p>Investors cheered Federal Reserve Chairman Jerome Powell's Jackson Hole speech on Friday, with markets interpreting it to mean that the central bank would not too quickly wind down its support of the economy. But not every speaker at the annual gathering gave cause for optimism.</p>\n<p>Don Kohn, the Fed's former vice chair for financial supervision, used the opportunity instead to warn of imminent risks to the stability of the global financial system, and called on regulators and lawmakers to take swift action to address those concerns.</p>\n<p>\"Dealing with risks to the financial stability is urgent,\" he said during a speech to the Federal Reserve Bank of Kansas City's annual Jackson Hole Economic Policy Symposium. \"The current situation is replete with...unusually large risks of the unexpected, which, if they come to pass, could result in the financial system amplifying shocks, putting the economy at risk.\"</p>\n<p>Kohn pointed to the minutes of the most recent Federal Reserve meeting, which indicated that members of the bank's interest-rate setting committee saw there were \"notable\" vulnerabilities in the financial system as asset values have risen to historical highs and government and private debt have reached near-record levels relative to the size of the economy.</p>\n<p>Despite these excesses, investors don't appear concerned, as evidenced by low interest rates on a wide range of government and corporate debt \"even though a disproportionate increase in private debt has been among lower-rated business borrowers,' he said.</p>\n<p>What's more, Kohn said, the government appears to be in a poor position to respond to an economic downturn that could result from a bursting of an asset bubble or a debt crisis, given that the Federal Reserve is already engaged in aggressive monetary stimulus, while the federal government is maintaining a historically high budget deficit.</p>\n<p>Kohn's wariness about the state of the economy and financial markets is shared among many high-profile investors, with GMO co-founder Jeremy Grantham being <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most high profile advocates of this point of view. In June, he argued the Fed should \"act to deflate all asset prices as carefully as [it can], knowing that an earlier decline, however painful, would be smaller and less dangerous than waiting.\"</p>\n<p>Unlike such bubble-watchers as Grantham, however, Kohn is not laying the blame for high debt and asset prices at the feet of Fed policy. Rather, he is arguing that the central bank must prepare now for a potential bubble bursting through prudential regulation.</p>\n<p>One strategy for insulating the U.S. economy from the bursting of an asset bubble would be to require major banks <a href=\"https://laohu8.com/S/XLF\">$(XLF)$</a> to fund themselves with less debt and more equity, in the form of retained earnings or money raised from stockholders.</p>\n<p>The Fed's so-called countercyclical capital buffer enables the regulator to modify how much debt banks are able to take on, decreasing the level in good times when banks can afford to do so.</p>\n<p>\"By raising capital requirements during boom times, that could put a break on runaway asset prices,\" Jeremy Kress, a former attorney in the banking regulation and policy group at the Federal Reserve, and a professor at Michigan's Ross School of Business, told MarketWatch in June. \"The Federal Reserve, in contrast to other countries, has never turned on this discretionary buffer. Perhaps now might be a good time to activate it,\" said Kress.</p>\n<p>Kohn urged the Fed to increase the counter-cyclical capital buffer, something that Randal Quarles, the current Fed vice chairman for financial supervision, has resisted doing, telling an industry audience in June that raising the buffer would \"needlessly reduce the ability of firms to provide credit to their customers.\" The disagreement could soon become political, as President Joe Biden's progressive allies have called on him to nominate either a Fed chair or vice chair that is more amenable to tougher rules on bank lending.</p>\n<p>Kohn also took aim at two creations of the Dodd-Frank financial reform law instituted in the wake of the last financial crisis: the Financial Stability Oversight Council, which comprises the heads of all the major financial regulatory bodies, and the Office of Financial Research, which was equipped with subpoena power so regulators could demand information needed to maintain financial stability.</p>\n<p>\"I think most would agree that the performance of these two new entities has been spotty,\" Kohn said, arguing that FSOC has proven unable to act quickly while the OFR has never used its subpoena power for fear of ruffling feathers in the industry. He argued that FSOC should be reorganized to give the treasury secretary more power to act unilaterally and that the OFR should be given a new, clear mandate to regularly gather information policymakers need.</p>\n<p>Kohn also called on Congress to pass a new mandate for all federal financial regulators to make financial stability a priority.</p>\n<p>\"Right now, systemic risk is not something they are required to take into account as they carry out their missions,\" he said. \"They should be required to broaden their perspective to consider the systemic implications of their actions and of the activities and firms they oversee and be held accountable for doing this.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","SPY":"标普500ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2163381188","content_text":"Don Kohn calls on Congress to pass financial stability mandates for regulators.\n\nInvestors cheered Federal Reserve Chairman Jerome Powell's Jackson Hole speech on Friday, with markets interpreting it to mean that the central bank would not too quickly wind down its support of the economy. But not every speaker at the annual gathering gave cause for optimism.\nDon Kohn, the Fed's former vice chair for financial supervision, used the opportunity instead to warn of imminent risks to the stability of the global financial system, and called on regulators and lawmakers to take swift action to address those concerns.\n\"Dealing with risks to the financial stability is urgent,\" he said during a speech to the Federal Reserve Bank of Kansas City's annual Jackson Hole Economic Policy Symposium. \"The current situation is replete with...unusually large risks of the unexpected, which, if they come to pass, could result in the financial system amplifying shocks, putting the economy at risk.\"\nKohn pointed to the minutes of the most recent Federal Reserve meeting, which indicated that members of the bank's interest-rate setting committee saw there were \"notable\" vulnerabilities in the financial system as asset values have risen to historical highs and government and private debt have reached near-record levels relative to the size of the economy.\nDespite these excesses, investors don't appear concerned, as evidenced by low interest rates on a wide range of government and corporate debt \"even though a disproportionate increase in private debt has been among lower-rated business borrowers,' he said.\nWhat's more, Kohn said, the government appears to be in a poor position to respond to an economic downturn that could result from a bursting of an asset bubble or a debt crisis, given that the Federal Reserve is already engaged in aggressive monetary stimulus, while the federal government is maintaining a historically high budget deficit.\nKohn's wariness about the state of the economy and financial markets is shared among many high-profile investors, with GMO co-founder Jeremy Grantham being one of the most high profile advocates of this point of view. In June, he argued the Fed should \"act to deflate all asset prices as carefully as [it can], knowing that an earlier decline, however painful, would be smaller and less dangerous than waiting.\"\nUnlike such bubble-watchers as Grantham, however, Kohn is not laying the blame for high debt and asset prices at the feet of Fed policy. Rather, he is arguing that the central bank must prepare now for a potential bubble bursting through prudential regulation.\nOne strategy for insulating the U.S. economy from the bursting of an asset bubble would be to require major banks $(XLF)$ to fund themselves with less debt and more equity, in the form of retained earnings or money raised from stockholders.\nThe Fed's so-called countercyclical capital buffer enables the regulator to modify how much debt banks are able to take on, decreasing the level in good times when banks can afford to do so.\n\"By raising capital requirements during boom times, that could put a break on runaway asset prices,\" Jeremy Kress, a former attorney in the banking regulation and policy group at the Federal Reserve, and a professor at Michigan's Ross School of Business, told MarketWatch in June. \"The Federal Reserve, in contrast to other countries, has never turned on this discretionary buffer. Perhaps now might be a good time to activate it,\" said Kress.\nKohn urged the Fed to increase the counter-cyclical capital buffer, something that Randal Quarles, the current Fed vice chairman for financial supervision, has resisted doing, telling an industry audience in June that raising the buffer would \"needlessly reduce the ability of firms to provide credit to their customers.\" The disagreement could soon become political, as President Joe Biden's progressive allies have called on him to nominate either a Fed chair or vice chair that is more amenable to tougher rules on bank lending.\nKohn also took aim at two creations of the Dodd-Frank financial reform law instituted in the wake of the last financial crisis: the Financial Stability Oversight Council, which comprises the heads of all the major financial regulatory bodies, and the Office of Financial Research, which was equipped with subpoena power so regulators could demand information needed to maintain financial stability.\n\"I think most would agree that the performance of these two new entities has been spotty,\" Kohn said, arguing that FSOC has proven unable to act quickly while the OFR has never used its subpoena power for fear of ruffling feathers in the industry. He argued that FSOC should be reorganized to give the treasury secretary more power to act unilaterally and that the OFR should be given a new, clear mandate to regularly gather information policymakers need.\nKohn also called on Congress to pass a new mandate for all federal financial regulators to make financial stability a priority.\n\"Right now, systemic risk is not something they are required to take into account as they carry out their missions,\" he said. \"They should be required to broaden their perspective to consider the systemic implications of their actions and of the activities and firms they oversee and be held accountable for doing 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like pls","listText":"Hello like pls","text":"Hello like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/183493413","repostId":"1165141474","repostType":4,"isVote":1,"tweetType":1,"viewCount":919,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183493090,"gmtCreate":1623339068810,"gmtModify":1704201337490,"author":{"id":"3577364208499188","authorId":"3577364208499188","name":"Danielkan","avatar":"https://static.tigerbbs.com/eab9ced176dd218d4866d187eabfced6","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577364208499188","idStr":"3577364208499188"},"themes":[],"htmlText":"Like comment","listText":"Like comment","text":"Like comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183493090","repostId":"1194916539","repostType":4,"repost":{"id":"1194916539","kind":"news","pubTimestamp":1623336852,"share":"https://ttm.financial/m/news/1194916539?lang=en_US&edition=fundamental","pubTime":"2021-06-10 22:54","market":"us","language":"en","title":"\"Ethical Failures\": Tesla Dropped From Sustainability ETF Due To Environmental, Labor Concerns","url":"https://stock-news.laohu8.com/highlight/detail?id=1194916539","media":"zerohedge","summary":"Australian fund manager BetaShares has officially dropped Tesla from its sustainability exchange-tra","content":"<p>Australian fund manager BetaShares has officially dropped Tesla from its&nbsp;sustainability exchange-traded fund.</p>\n<p>Chief Investment Officer Louis Crous said the company - which normally would be a mainstay in most \"sustainability\" funds - was dropped because of \"ethical failures\" on the part of Tesla, according toBusiness Insider.</p>\n<p>“Tesla is still definitely a carbon leader…but it has fallen foul of our [environmental, social and governance] screens which resulted in its removal,” he told BI.</p>\n<p>He continued:&nbsp;“During May last year at the height of the COVID pandemic,&nbsp;Tesla reopened its factory&nbsp;in Fremont, California, despite the orders of the local authorities, resulting in quite a large number of COVID cases.&nbsp;New reports have indicated that there was a significantly larger outbreak than was previously reported, so we have numbers from one to 50 COVID cases related to the factory.”</p>\n<p>The investment officer said he had been mulling the move \"for a while\" and finally dumped its $60 million stake after&nbsp;“new evidence came to light” and “controversies and reputation issues” arose.</p>\n<p><img src=\"https://static.tigerbbs.com/e21c2d691ff8e3dbb616f68cf374ab4a\" tg-width=\"500\" tg-height=\"319\">The fund also took exception with Tesla's environmental impact in Germany, where it is building a Gigafactory.</p>\n<p>Crous noted:&nbsp;“German media reports that Tesla’s factory in Brandenburg will consume about 3.6 million cubic metres of water per year, which is roughly around 30% of the total water in the region. Some experts believe this will lead to restrictions on drinking water.”</p>\n<p>He continued:&nbsp;“In December 2020, NGO the Tech Transparency Project alleged Tesla has been linked through its supply chain to Lens Technology, which in turn is facing allegations of directly benefiting form the use of state-sponsored forced labor provided by Uighurs and other minority Muslim groups in China. At the end of the day, these are things we don’t really want to compromise on.”</p>\n<p>BetaShares says the tone at Tesla starts at the top, and told BI that Musk's behavior&nbsp;“does make a difference”. The fund says it reached out to Tesla with its concerns but has not received any response.</p>\n<p>Meanwhile, in its place, the fund still holds shares of Toyota. Crous concluded:&nbsp;“Toyota will remain in place because they haven’t been screened out for other reasons and that’s the only way you can look at it. Now, on the surface it might not seem like it represents the portfolio from that perspective, but this fund is more than just an environmental product offering.”</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>\"Ethical Failures\": Tesla Dropped From Sustainability ETF Due To Environmental, Labor Concerns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n\"Ethical Failures\": Tesla Dropped From Sustainability ETF Due To Environmental, Labor Concerns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 22:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ethical-failures-tesla-dropped-australian-sustainability-etf-due-environmental-and-labor?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Australian fund manager BetaShares has officially dropped Tesla from its sustainability exchange-traded fund.\nChief Investment Officer Louis Crous said the company - which normally would be a mainstay...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ethical-failures-tesla-dropped-australian-sustainability-etf-due-environmental-and-labor?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.zerohedge.com/markets/ethical-failures-tesla-dropped-australian-sustainability-etf-due-environmental-and-labor?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194916539","content_text":"Australian fund manager BetaShares has officially dropped Tesla from its sustainability exchange-traded fund.\nChief Investment Officer Louis Crous said the company - which normally would be a mainstay in most \"sustainability\" funds - was dropped because of \"ethical failures\" on the part of Tesla, according toBusiness Insider.\n“Tesla is still definitely a carbon leader…but it has fallen foul of our [environmental, social and governance] screens which resulted in its removal,” he told BI.\nHe continued: “During May last year at the height of the COVID pandemic, Tesla reopened its factory in Fremont, California, despite the orders of the local authorities, resulting in quite a large number of COVID cases. New reports have indicated that there was a significantly larger outbreak than was previously reported, so we have numbers from one to 50 COVID cases related to the factory.”\nThe investment officer said he had been mulling the move \"for a while\" and finally dumped its $60 million stake after “new evidence came to light” and “controversies and reputation issues” arose.\nThe fund also took exception with Tesla's environmental impact in Germany, where it is building a Gigafactory.\nCrous noted: “German media reports that Tesla’s factory in Brandenburg will consume about 3.6 million cubic metres of water per year, which is roughly around 30% of the total water in the region. Some experts believe this will lead to restrictions on drinking water.”\nHe continued: “In December 2020, NGO the Tech Transparency Project alleged Tesla has been linked through its supply chain to Lens Technology, which in turn is facing allegations of directly benefiting form the use of state-sponsored forced labor provided by Uighurs and other minority Muslim groups in China. At the end of the day, these are things we don’t really want to compromise on.”\nBetaShares says the tone at Tesla starts at the top, and told BI that Musk's behavior “does make a difference”. The fund says it reached out to Tesla with its concerns but has not received any response.\nMeanwhile, in its place, the fund still holds shares of Toyota. Crous concluded: “Toyota will remain in place because they haven’t been screened out for other reasons and that’s the only way you can look at it. Now, on the surface it might not seem like it represents the portfolio from that perspective, but this fund is more than just an environmental product offering.”","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":982,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183499639,"gmtCreate":1623339027321,"gmtModify":1704201336521,"author":{"id":"3577364208499188","authorId":"3577364208499188","name":"Danielkan","avatar":"https://static.tigerbbs.com/eab9ced176dd218d4866d187eabfced6","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577364208499188","idStr":"3577364208499188"},"themes":[],"htmlText":"Deadsd","listText":"Deadsd","text":"Deadsd","images":[{"img":"https://static.tigerbbs.com/8529e73f935c8d3978635dcdc3044379","width":"750","height":"2320"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183499639","isVote":1,"tweetType":1,"viewCount":1057,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":112579688,"gmtCreate":1622893900744,"gmtModify":1704193070962,"author":{"id":"3577364208499188","authorId":"3577364208499188","name":"Danielkan","avatar":"https://static.tigerbbs.com/eab9ced176dd218d4866d187eabfced6","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577364208499188","idStr":"3577364208499188"},"themes":[],"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/112579688","repostId":"1106312903","repostType":4,"repost":{"id":"1106312903","kind":"news","pubTimestamp":1622855773,"share":"https://ttm.financial/m/news/1106312903?lang=en_US&edition=fundamental","pubTime":"2021-06-05 09:16","market":"us","language":"en","title":"U.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1106312903","media":"Renaissance Capital","summary":"Summary\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental h","content":"<p><b>Summary</b></p>\n<ul>\n <li>Eight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.</li>\n <li>Payments platform Marqeta plans to raise $1.0 billion at a $12.4 billion market cap.</li>\n <li>Chinese online recruitment platform Kanzhun plans to raise $864 million at an $8.2 billion market cap.</li>\n</ul>\n<p>Eight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.</p>\n<p>Payments platform&nbsp;<b>Marqeta</b>(MQ) plans to raise $1.0 billion at a $12.4 billion market cap. The company's platform allows businesses to launch and manage their own card programs, issue cards to their customers or end users, and authorize and settle transactions. Marqeta is fast growing and counts names like Affirm (AFRM) and DoorDash (DASH) among its customers.</p>\n<p>Chinese online recruitment platform&nbsp;<b>Kanzhun</b>(BZ) plans to raise $864 million at an $8.2 billion market cap. Kanzhun's core product, BOSS Zhipin, is a mobile-native platform that promotes direct chats between job seekers and enterprise clients. The company claims it was the largest online recruitment platform in China by MAUs in 2020.</p>\n<p>Mental health services provider&nbsp;<b>LifeStance Health</b>(LFST) plans to raise $640 million at a $6.1 billion market cap. LifeStance states that it has built one of the nation's largest outpatient mental health platforms, employing over 3,300 licensed mental health clinicians across 73 MSAs in 27 states as of March 31, 2021. The company has demonstrated growth, though EBIT turned negative in the 1Q21.</p>\n<p>Israel’s&nbsp;<b>monday.com</b>(MNDY) plans to raise $490 million at a $6.8 billion market cap. monday.com allows organizations to easily build software applications and work management tools that fit their needs. As of March 31, 2021, it served nearly 128,000 customers across over 200 industries in more than 190 countries. Salesforce and Zoom plan to invest a combined $150 million in a concurrent private placement.</p>\n<p>BPO vendor&nbsp;<b>TaskUs</b>(TASK) plans to raise $304 million at a $2.5 billion market cap. TaskUs is a digital business services outsourcer, providing digital customer experience services, content security services, and artificial intelligence operations. Profitable with strong growth, the company had over 100 clients as of December 31, 2020.</p>\n<p>Data-driven marketing platform&nbsp;<b>Zeta Global</b>(ZETA) plans to raise $250 million at a $2.1 billion market cap. The company’s Zeta Marketing Platform uses identity data to target, connect, and engage consumers across email, social media, web, chat, connected TV, video, and other channels. Zeta is profitable and serves more than 1,000 customers, delivering roughly 500 million ad impressions in 2020.</p>\n<p>Online luxury goods marketplace&nbsp;<b>1stDibs</b>(DIBS) plans to raise $112 million at a $773 million market cap. 1stDibs connects buyers and sellers of vintage, antique, and contemporary furniture, home decor, jewelry, watches, art, and fashion. In 2020, the marketplace had more than 58,000 buyers who had made a purchase in the past year, with an average aggregate purchase per year of over $5,500.</p>\n<p>Chinese online tutoring platform&nbsp;<b>Zhangmen Education</b>(ZME) plans to raise $43 million at a $1.9 billion market cap. Zhangmen Education states that it has been the largest online K-12 tutoring service provider in China by revenue since 2017, claiming a 32% market share in 2020.</p>\n<p><img src=\"https://static.tigerbbs.com/d771f02e44d9d489ff772f1577280332\" tg-width=\"945\" tg-height=\"666\"></p>\n<p>Street research is expected for six companies, and lock-up periods will be expiring for up to 11 companies.</p>\n<p><b>IPO Market Snapshot</b></p>\n<p>The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 6/3/21, the Renaissance IPO Index was down 6.0% year-to-date, while the S&amp;P 500 was up 11.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Zoom Video (ZM) and Uber (UBER). The Renaissance International IPO Index was down 1.1% year-to-date, while the ACWX was up 10.5%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Nexi and EQT Partners.</p>","source":"lsy1603787993745","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-05 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.renaissancecapital.com/IPO-Center/News/82421/US-IPO-Week-Ahead-Digital-payments-mental-health-services-and-more-in-a-div><strong>Renaissance Capital</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.\nPayments platform Marqeta plans to raise $1.0 billion at a $12.4 billion ...</p>\n\n<a href=\"https://www.renaissancecapital.com/IPO-Center/News/82421/US-IPO-Week-Ahead-Digital-payments-mental-health-services-and-more-in-a-div\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","TASK":"TaskUs Inc.","MQ":"Marqeta, Inc.",".SPX":"S&P 500 Index","LFST":"LifeStance Health Group, Inc.",".IXIC":"NASDAQ Composite","ZETA":"Zeta Global Holdings Corp.","DIBS":"1stdibs.com Inc.","ZME":"掌门教育","BZ":"BOSS直聘","MNDY":"Monday.com Ltd."},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/82421/US-IPO-Week-Ahead-Digital-payments-mental-health-services-and-more-in-a-div","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106312903","content_text":"Summary\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.\nPayments platform Marqeta plans to raise $1.0 billion at a $12.4 billion market cap.\nChinese online recruitment platform Kanzhun plans to raise $864 million at an $8.2 billion market cap.\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.\nPayments platform Marqeta(MQ) plans to raise $1.0 billion at a $12.4 billion market cap. The company's platform allows businesses to launch and manage their own card programs, issue cards to their customers or end users, and authorize and settle transactions. Marqeta is fast growing and counts names like Affirm (AFRM) and DoorDash (DASH) among its customers.\nChinese online recruitment platform Kanzhun(BZ) plans to raise $864 million at an $8.2 billion market cap. Kanzhun's core product, BOSS Zhipin, is a mobile-native platform that promotes direct chats between job seekers and enterprise clients. The company claims it was the largest online recruitment platform in China by MAUs in 2020.\nMental health services provider LifeStance Health(LFST) plans to raise $640 million at a $6.1 billion market cap. LifeStance states that it has built one of the nation's largest outpatient mental health platforms, employing over 3,300 licensed mental health clinicians across 73 MSAs in 27 states as of March 31, 2021. The company has demonstrated growth, though EBIT turned negative in the 1Q21.\nIsrael’s monday.com(MNDY) plans to raise $490 million at a $6.8 billion market cap. monday.com allows organizations to easily build software applications and work management tools that fit their needs. As of March 31, 2021, it served nearly 128,000 customers across over 200 industries in more than 190 countries. Salesforce and Zoom plan to invest a combined $150 million in a concurrent private placement.\nBPO vendor TaskUs(TASK) plans to raise $304 million at a $2.5 billion market cap. TaskUs is a digital business services outsourcer, providing digital customer experience services, content security services, and artificial intelligence operations. Profitable with strong growth, the company had over 100 clients as of December 31, 2020.\nData-driven marketing platform Zeta Global(ZETA) plans to raise $250 million at a $2.1 billion market cap. The company’s Zeta Marketing Platform uses identity data to target, connect, and engage consumers across email, social media, web, chat, connected TV, video, and other channels. Zeta is profitable and serves more than 1,000 customers, delivering roughly 500 million ad impressions in 2020.\nOnline luxury goods marketplace 1stDibs(DIBS) plans to raise $112 million at a $773 million market cap. 1stDibs connects buyers and sellers of vintage, antique, and contemporary furniture, home decor, jewelry, watches, art, and fashion. In 2020, the marketplace had more than 58,000 buyers who had made a purchase in the past year, with an average aggregate purchase per year of over $5,500.\nChinese online tutoring platform Zhangmen Education(ZME) plans to raise $43 million at a $1.9 billion market cap. Zhangmen Education states that it has been the largest online K-12 tutoring service provider in China by revenue since 2017, claiming a 32% market share in 2020.\n\nStreet research is expected for six companies, and lock-up periods will be expiring for up to 11 companies.\nIPO Market Snapshot\nThe Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 6/3/21, the Renaissance IPO Index was down 6.0% year-to-date, while the S&P 500 was up 11.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Zoom Video (ZM) and Uber (UBER). The Renaissance International IPO Index was down 1.1% year-to-date, while the ACWX was up 10.5%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Nexi and EQT Partners.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,"MNDY":0.9,"TASK":0.9,"ZME":0.9,".SPX":0.9,"BZ":0.9,"LFST":0.9,"ZETA":0.9,"DIBS":0.9,"MQ":0.9}},"isVote":1,"tweetType":1,"viewCount":619,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":133429433,"gmtCreate":1621785219122,"gmtModify":1704362397251,"author":{"id":"3577364208499188","authorId":"3577364208499188","name":"Danielkan","avatar":"https://static.tigerbbs.com/eab9ced176dd218d4866d187eabfced6","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577364208499188","idStr":"3577364208499188"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/133429433","repostId":"2137907575","repostType":4,"repost":{"id":"2137907575","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1621610772,"share":"https://ttm.financial/m/news/2137907575?lang=en_US&edition=fundamental","pubTime":"2021-05-21 23:26","market":"us","language":"en","title":"U.S. Congress to hold hearing on SPACs, ramping up scrutiny","url":"https://stock-news.laohu8.com/highlight/detail?id=2137907575","media":"Reuters","summary":"WASHINGTON, May 21 (Reuters) - U.S. lawmakers are ramping up scrutiny of special purpose acquisition","content":"<p>WASHINGTON, May 21 (Reuters) - U.S. lawmakers are ramping up scrutiny of special purpose acquisition companies, or SPACs, with a hearing set for Monday as they consider legislation aimed at curbing liability protections for the industry.</p>\n<p>The U.S. Securities and Exchange Commission <a href=\"https://laohu8.com/S/SEC.UK\">$(SEC.UK)$</a> has heightened its focus on SPACs in recent months through a series of public statements, new guidance and a Wall Street bank inquiry led by the agency's enforcement team. Republican Senator John Kennedy from Louisiana last month introduced a bill aimed at boosting transparency for investors in SPACs.</p>\n<p>SPACs are shell companies that raise money via a listing to acquire a private company with the purpose of taking it public, sidestepping a traditional initial public offering <a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a> process. Critics say banks and SPAC sponsors have reaped big payoffs at a cost to later-stage investors.</p>\n<p>Monday's hearing in a House Financial Services subcommittee is aimed at SPACs, direct listings and IPOs, according to a hearing notice published on May 19. The House is considering legislation that would redefine \"blank check company\" from a key 1995 law to include special purpose acquisition companies, according to the notice.</p>\n<p>The law created a safe harbor that protects listed companies from shareholder litigation provided forward-looking statements are made in good faith, identified as such and couched in cautionary language.</p>\n<p>The safe harbor does not protect IPOs or certain blank check companies, but sponsors have generally operated on the basis that it does apply to SPAC deals, and have leaned on it heavily to issue growth projections. The SEC has been mulling guidance that would curb these projections, Reuters reported earlier this month.</p>\n<p>The prospects for the bill to become law are unclear, but it signals growing Congressional attention on the industry.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Congress to hold hearing on SPACs, ramping up scrutiny</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Congress to hold hearing on SPACs, ramping up scrutiny\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-21 23:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>WASHINGTON, May 21 (Reuters) - U.S. lawmakers are ramping up scrutiny of special purpose acquisition companies, or SPACs, with a hearing set for Monday as they consider legislation aimed at curbing liability protections for the industry.</p>\n<p>The U.S. Securities and Exchange Commission <a href=\"https://laohu8.com/S/SEC.UK\">$(SEC.UK)$</a> has heightened its focus on SPACs in recent months through a series of public statements, new guidance and a Wall Street bank inquiry led by the agency's enforcement team. Republican Senator John Kennedy from Louisiana last month introduced a bill aimed at boosting transparency for investors in SPACs.</p>\n<p>SPACs are shell companies that raise money via a listing to acquire a private company with the purpose of taking it public, sidestepping a traditional initial public offering <a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a> process. Critics say banks and SPAC sponsors have reaped big payoffs at a cost to later-stage investors.</p>\n<p>Monday's hearing in a House Financial Services subcommittee is aimed at SPACs, direct listings and IPOs, according to a hearing notice published on May 19. The House is considering legislation that would redefine \"blank check company\" from a key 1995 law to include special purpose acquisition companies, according to the notice.</p>\n<p>The law created a safe harbor that protects listed companies from shareholder litigation provided forward-looking statements are made in good faith, identified as such and couched in cautionary language.</p>\n<p>The safe harbor does not protect IPOs or certain blank check companies, but sponsors have generally operated on the basis that it does apply to SPAC deals, and have leaned on it heavily to issue growth projections. The SEC has been mulling guidance that would curb these projections, Reuters reported earlier this month.</p>\n<p>The prospects for the bill to become law are unclear, but it signals growing Congressional attention on the industry.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2137907575","content_text":"WASHINGTON, May 21 (Reuters) - U.S. lawmakers are ramping up scrutiny of special purpose acquisition companies, or SPACs, with a hearing set for Monday as they consider legislation aimed at curbing liability protections for the industry.\nThe U.S. Securities and Exchange Commission $(SEC.UK)$ has heightened its focus on SPACs in recent months through a series of public statements, new guidance and a Wall Street bank inquiry led by the agency's enforcement team. Republican Senator John Kennedy from Louisiana last month introduced a bill aimed at boosting transparency for investors in SPACs.\nSPACs are shell companies that raise money via a listing to acquire a private company with the purpose of taking it public, sidestepping a traditional initial public offering $(IPO.UK)$ process. Critics say banks and SPAC sponsors have reaped big payoffs at a cost to later-stage investors.\nMonday's hearing in a House Financial Services subcommittee is aimed at SPACs, direct listings and IPOs, according to a hearing notice published on May 19. The House is considering legislation that would redefine \"blank check company\" from a key 1995 law to include special purpose acquisition companies, according to the notice.\nThe law created a safe harbor that protects listed companies from shareholder litigation provided forward-looking statements are made in good faith, identified as such and couched in cautionary language.\nThe safe harbor does not protect IPOs or certain blank check companies, but sponsors have generally operated on the basis that it does apply to SPAC deals, and have leaned on it heavily to issue growth projections. The SEC has been mulling guidance that would curb these projections, Reuters reported earlier this month.\nThe prospects for the bill to become law are unclear, but it signals growing Congressional attention on the industry.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":585,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3571554929070255","authorId":"3571554929070255","name":"Ealmighty","avatar":"https://static.tigerbbs.com/1f4ef8b8b8f69bb844b783e859a1ea48","crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"3571554929070255","idStr":"3571554929070255"},"content":"done please response to my comment thanks","text":"done please response to my comment thanks","html":"done please response to my comment thanks"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354567684,"gmtCreate":1617190089348,"gmtModify":1704696985756,"author":{"id":"3577364208499188","authorId":"3577364208499188","name":"Danielkan","avatar":"https://static.tigerbbs.com/eab9ced176dd218d4866d187eabfced6","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577364208499188","idStr":"3577364208499188"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>Not moving. 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Should rocket back soon","images":[{"img":"https://static.tigerbbs.com/6578e7629584f593bd0c7a84519baf1c","width":"750","height":"1068"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/354567684","isVote":1,"tweetType":1,"viewCount":761,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":183493413,"gmtCreate":1623339088632,"gmtModify":1704201338460,"author":{"id":"3577364208499188","authorId":"3577364208499188","name":"Danielkan","avatar":"https://static.tigerbbs.com/eab9ced176dd218d4866d187eabfced6","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577364208499188","idStr":"3577364208499188"},"themes":[],"htmlText":"Hello like pls","listText":"Hello like pls","text":"Hello like 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CSI China Internet ETF(KWEB)$Gogogo","images":[{"img":"https://static.tigerbbs.com/de091a54c10353085b0227554a0d6a56","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/817396910","isVote":1,"tweetType":1,"viewCount":1748,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":814532628,"gmtCreate":1630840917664,"gmtModify":1676530404253,"author":{"id":"3577364208499188","authorId":"3577364208499188","name":"Danielkan","avatar":"https://static.tigerbbs.com/eab9ced176dd218d4866d187eabfced6","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577364208499188","idStr":"3577364208499188"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/KWEB\">$KraneShares CSI China Internet ETF(KWEB)$</a>Come on","listText":"<a href=\"https://laohu8.com/S/KWEB\">$KraneShares CSI China Internet ETF(KWEB)$</a>Come on","text":"$KraneShares CSI China Internet ETF(KWEB)$Come on","images":[{"img":"https://static.tigerbbs.com/de091a54c10353085b0227554a0d6a56","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/814532628","isVote":1,"tweetType":1,"viewCount":1997,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":122851216,"gmtCreate":1624612410535,"gmtModify":1703841710273,"author":{"id":"3577364208499188","authorId":"3577364208499188","name":"Danielkan","avatar":"https://static.tigerbbs.com/eab9ced176dd218d4866d187eabfced6","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577364208499188","idStr":"3577364208499188"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>Okkkkk","listText":"<a href=\"https://laohu8.com/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>Okkkkk","text":"$ARK Innovation ETF(ARKK)$Okkkkk","images":[{"img":"https://static.tigerbbs.com/2f53f3a83ef0077158727a82df586f3a","width":"750","height":"1068"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/122851216","isVote":1,"tweetType":1,"viewCount":1491,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":114550657,"gmtCreate":1623081375979,"gmtModify":1704195759002,"author":{"id":"3577364208499188","authorId":"3577364208499188","name":"Danielkan","avatar":"https://static.tigerbbs.com/eab9ced176dd218d4866d187eabfced6","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577364208499188","idStr":"3577364208499188"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>Shit","listText":"<a href=\"https://laohu8.com/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>Shit","text":"$ARK Innovation ETF(ARKK)$Shit","images":[{"img":"https://static.tigerbbs.com/0d97c53889c5a3e5a117406ba84cef5c","width":"750","height":"1068"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/114550657","isVote":1,"tweetType":1,"viewCount":654,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":344260517,"gmtCreate":1618410572139,"gmtModify":1704710449316,"author":{"id":"3577364208499188","authorId":"3577364208499188","name":"Danielkan","avatar":"https://static.tigerbbs.com/eab9ced176dd218d4866d187eabfced6","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577364208499188","idStr":"3577364208499188"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CRSP\">$CRISPR Therapeutics AG(CRSP)$</a>Come on","listText":"<a href=\"https://laohu8.com/S/CRSP\">$CRISPR Therapeutics AG(CRSP)$</a>Come on","text":"$CRISPR Therapeutics AG(CRSP)$Come on","images":[{"img":"https://static.tigerbbs.com/b5e9db075346ad809b74aa871cfe9c4a","width":"750","height":"1068"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/344260517","isVote":1,"tweetType":1,"viewCount":441,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":344284054,"gmtCreate":1618410484578,"gmtModify":1704710445030,"author":{"id":"3577364208499188","authorId":"3577364208499188","name":"Danielkan","avatar":"https://static.tigerbbs.com/eab9ced176dd218d4866d187eabfced6","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577364208499188","idStr":"3577364208499188"},"themes":[],"htmlText":"Champion","listText":"Champion","text":"Champion","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/344284054","repostId":"2127454000","repostType":4,"isVote":1,"tweetType":1,"viewCount":802,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818946524,"gmtCreate":1630372906468,"gmtModify":1676530283524,"author":{"id":"3577364208499188","authorId":"3577364208499188","name":"Danielkan","avatar":"https://static.tigerbbs.com/eab9ced176dd218d4866d187eabfced6","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577364208499188","idStr":"3577364208499188"},"themes":[],"htmlText":"Lolll","listText":"Lolll","text":"Lolll","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/818946524","repostId":"2163381188","repostType":4,"repost":{"id":"2163381188","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1630370460,"share":"https://ttm.financial/m/news/2163381188?lang=en_US&edition=fundamental","pubTime":"2021-08-31 08:41","market":"us","language":"en","title":"Former Fed official warns of 'urgent' threat of another financial crisis","url":"https://stock-news.laohu8.com/highlight/detail?id=2163381188","media":"Dow Jones","summary":"Don Kohn calls on Congress to pass financial stability mandates for regulators.\n\nInvestors cheered F","content":"<blockquote>\n Don Kohn calls on Congress to pass financial stability mandates for regulators.\n</blockquote>\n<p>Investors cheered Federal Reserve Chairman Jerome Powell's Jackson Hole speech on Friday, with markets interpreting it to mean that the central bank would not too quickly wind down its support of the economy. But not every speaker at the annual gathering gave cause for optimism.</p>\n<p>Don Kohn, the Fed's former vice chair for financial supervision, used the opportunity instead to warn of imminent risks to the stability of the global financial system, and called on regulators and lawmakers to take swift action to address those concerns.</p>\n<p>\"Dealing with risks to the financial stability is urgent,\" he said during a speech to the Federal Reserve Bank of Kansas City's annual Jackson Hole Economic Policy Symposium. \"The current situation is replete with...unusually large risks of the unexpected, which, if they come to pass, could result in the financial system amplifying shocks, putting the economy at risk.\"</p>\n<p>Kohn pointed to the minutes of the most recent Federal Reserve meeting, which indicated that members of the bank's interest-rate setting committee saw there were \"notable\" vulnerabilities in the financial system as asset values have risen to historical highs and government and private debt have reached near-record levels relative to the size of the economy.</p>\n<p>Despite these excesses, investors don't appear concerned, as evidenced by low interest rates on a wide range of government and corporate debt \"even though a disproportionate increase in private debt has been among lower-rated business borrowers,' he said.</p>\n<p>What's more, Kohn said, the government appears to be in a poor position to respond to an economic downturn that could result from a bursting of an asset bubble or a debt crisis, given that the Federal Reserve is already engaged in aggressive monetary stimulus, while the federal government is maintaining a historically high budget deficit.</p>\n<p>Kohn's wariness about the state of the economy and financial markets is shared among many high-profile investors, with GMO co-founder Jeremy Grantham being <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most high profile advocates of this point of view. In June, he argued the Fed should \"act to deflate all asset prices as carefully as [it can], knowing that an earlier decline, however painful, would be smaller and less dangerous than waiting.\"</p>\n<p>Unlike such bubble-watchers as Grantham, however, Kohn is not laying the blame for high debt and asset prices at the feet of Fed policy. Rather, he is arguing that the central bank must prepare now for a potential bubble bursting through prudential regulation.</p>\n<p>One strategy for insulating the U.S. economy from the bursting of an asset bubble would be to require major banks <a href=\"https://laohu8.com/S/XLF\">$(XLF)$</a> to fund themselves with less debt and more equity, in the form of retained earnings or money raised from stockholders.</p>\n<p>The Fed's so-called countercyclical capital buffer enables the regulator to modify how much debt banks are able to take on, decreasing the level in good times when banks can afford to do so.</p>\n<p>\"By raising capital requirements during boom times, that could put a break on runaway asset prices,\" Jeremy Kress, a former attorney in the banking regulation and policy group at the Federal Reserve, and a professor at Michigan's Ross School of Business, told MarketWatch in June. \"The Federal Reserve, in contrast to other countries, has never turned on this discretionary buffer. Perhaps now might be a good time to activate it,\" said Kress.</p>\n<p>Kohn urged the Fed to increase the counter-cyclical capital buffer, something that Randal Quarles, the current Fed vice chairman for financial supervision, has resisted doing, telling an industry audience in June that raising the buffer would \"needlessly reduce the ability of firms to provide credit to their customers.\" The disagreement could soon become political, as President Joe Biden's progressive allies have called on him to nominate either a Fed chair or vice chair that is more amenable to tougher rules on bank lending.</p>\n<p>Kohn also took aim at two creations of the Dodd-Frank financial reform law instituted in the wake of the last financial crisis: the Financial Stability Oversight Council, which comprises the heads of all the major financial regulatory bodies, and the Office of Financial Research, which was equipped with subpoena power so regulators could demand information needed to maintain financial stability.</p>\n<p>\"I think most would agree that the performance of these two new entities has been spotty,\" Kohn said, arguing that FSOC has proven unable to act quickly while the OFR has never used its subpoena power for fear of ruffling feathers in the industry. He argued that FSOC should be reorganized to give the treasury secretary more power to act unilaterally and that the OFR should be given a new, clear mandate to regularly gather information policymakers need.</p>\n<p>Kohn also called on Congress to pass a new mandate for all federal financial regulators to make financial stability a priority.</p>\n<p>\"Right now, systemic risk is not something they are required to take into account as they carry out their missions,\" he said. \"They should be required to broaden their perspective to consider the systemic implications of their actions and of the activities and firms they oversee and be held accountable for doing this.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Former Fed official warns of 'urgent' threat of another financial crisis</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFormer Fed official warns of 'urgent' threat of another financial crisis\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-08-31 08:41</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n Don Kohn calls on Congress to pass financial stability mandates for regulators.\n</blockquote>\n<p>Investors cheered Federal Reserve Chairman Jerome Powell's Jackson Hole speech on Friday, with markets interpreting it to mean that the central bank would not too quickly wind down its support of the economy. But not every speaker at the annual gathering gave cause for optimism.</p>\n<p>Don Kohn, the Fed's former vice chair for financial supervision, used the opportunity instead to warn of imminent risks to the stability of the global financial system, and called on regulators and lawmakers to take swift action to address those concerns.</p>\n<p>\"Dealing with risks to the financial stability is urgent,\" he said during a speech to the Federal Reserve Bank of Kansas City's annual Jackson Hole Economic Policy Symposium. \"The current situation is replete with...unusually large risks of the unexpected, which, if they come to pass, could result in the financial system amplifying shocks, putting the economy at risk.\"</p>\n<p>Kohn pointed to the minutes of the most recent Federal Reserve meeting, which indicated that members of the bank's interest-rate setting committee saw there were \"notable\" vulnerabilities in the financial system as asset values have risen to historical highs and government and private debt have reached near-record levels relative to the size of the economy.</p>\n<p>Despite these excesses, investors don't appear concerned, as evidenced by low interest rates on a wide range of government and corporate debt \"even though a disproportionate increase in private debt has been among lower-rated business borrowers,' he said.</p>\n<p>What's more, Kohn said, the government appears to be in a poor position to respond to an economic downturn that could result from a bursting of an asset bubble or a debt crisis, given that the Federal Reserve is already engaged in aggressive monetary stimulus, while the federal government is maintaining a historically high budget deficit.</p>\n<p>Kohn's wariness about the state of the economy and financial markets is shared among many high-profile investors, with GMO co-founder Jeremy Grantham being <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most high profile advocates of this point of view. In June, he argued the Fed should \"act to deflate all asset prices as carefully as [it can], knowing that an earlier decline, however painful, would be smaller and less dangerous than waiting.\"</p>\n<p>Unlike such bubble-watchers as Grantham, however, Kohn is not laying the blame for high debt and asset prices at the feet of Fed policy. Rather, he is arguing that the central bank must prepare now for a potential bubble bursting through prudential regulation.</p>\n<p>One strategy for insulating the U.S. economy from the bursting of an asset bubble would be to require major banks <a href=\"https://laohu8.com/S/XLF\">$(XLF)$</a> to fund themselves with less debt and more equity, in the form of retained earnings or money raised from stockholders.</p>\n<p>The Fed's so-called countercyclical capital buffer enables the regulator to modify how much debt banks are able to take on, decreasing the level in good times when banks can afford to do so.</p>\n<p>\"By raising capital requirements during boom times, that could put a break on runaway asset prices,\" Jeremy Kress, a former attorney in the banking regulation and policy group at the Federal Reserve, and a professor at Michigan's Ross School of Business, told MarketWatch in June. \"The Federal Reserve, in contrast to other countries, has never turned on this discretionary buffer. Perhaps now might be a good time to activate it,\" said Kress.</p>\n<p>Kohn urged the Fed to increase the counter-cyclical capital buffer, something that Randal Quarles, the current Fed vice chairman for financial supervision, has resisted doing, telling an industry audience in June that raising the buffer would \"needlessly reduce the ability of firms to provide credit to their customers.\" The disagreement could soon become political, as President Joe Biden's progressive allies have called on him to nominate either a Fed chair or vice chair that is more amenable to tougher rules on bank lending.</p>\n<p>Kohn also took aim at two creations of the Dodd-Frank financial reform law instituted in the wake of the last financial crisis: the Financial Stability Oversight Council, which comprises the heads of all the major financial regulatory bodies, and the Office of Financial Research, which was equipped with subpoena power so regulators could demand information needed to maintain financial stability.</p>\n<p>\"I think most would agree that the performance of these two new entities has been spotty,\" Kohn said, arguing that FSOC has proven unable to act quickly while the OFR has never used its subpoena power for fear of ruffling feathers in the industry. He argued that FSOC should be reorganized to give the treasury secretary more power to act unilaterally and that the OFR should be given a new, clear mandate to regularly gather information policymakers need.</p>\n<p>Kohn also called on Congress to pass a new mandate for all federal financial regulators to make financial stability a priority.</p>\n<p>\"Right now, systemic risk is not something they are required to take into account as they carry out their missions,\" he said. \"They should be required to broaden their perspective to consider the systemic implications of their actions and of the activities and firms they oversee and be held accountable for doing this.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","SPY":"标普500ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2163381188","content_text":"Don Kohn calls on Congress to pass financial stability mandates for regulators.\n\nInvestors cheered Federal Reserve Chairman Jerome Powell's Jackson Hole speech on Friday, with markets interpreting it to mean that the central bank would not too quickly wind down its support of the economy. But not every speaker at the annual gathering gave cause for optimism.\nDon Kohn, the Fed's former vice chair for financial supervision, used the opportunity instead to warn of imminent risks to the stability of the global financial system, and called on regulators and lawmakers to take swift action to address those concerns.\n\"Dealing with risks to the financial stability is urgent,\" he said during a speech to the Federal Reserve Bank of Kansas City's annual Jackson Hole Economic Policy Symposium. \"The current situation is replete with...unusually large risks of the unexpected, which, if they come to pass, could result in the financial system amplifying shocks, putting the economy at risk.\"\nKohn pointed to the minutes of the most recent Federal Reserve meeting, which indicated that members of the bank's interest-rate setting committee saw there were \"notable\" vulnerabilities in the financial system as asset values have risen to historical highs and government and private debt have reached near-record levels relative to the size of the economy.\nDespite these excesses, investors don't appear concerned, as evidenced by low interest rates on a wide range of government and corporate debt \"even though a disproportionate increase in private debt has been among lower-rated business borrowers,' he said.\nWhat's more, Kohn said, the government appears to be in a poor position to respond to an economic downturn that could result from a bursting of an asset bubble or a debt crisis, given that the Federal Reserve is already engaged in aggressive monetary stimulus, while the federal government is maintaining a historically high budget deficit.\nKohn's wariness about the state of the economy and financial markets is shared among many high-profile investors, with GMO co-founder Jeremy Grantham being one of the most high profile advocates of this point of view. In June, he argued the Fed should \"act to deflate all asset prices as carefully as [it can], knowing that an earlier decline, however painful, would be smaller and less dangerous than waiting.\"\nUnlike such bubble-watchers as Grantham, however, Kohn is not laying the blame for high debt and asset prices at the feet of Fed policy. Rather, he is arguing that the central bank must prepare now for a potential bubble bursting through prudential regulation.\nOne strategy for insulating the U.S. economy from the bursting of an asset bubble would be to require major banks $(XLF)$ to fund themselves with less debt and more equity, in the form of retained earnings or money raised from stockholders.\nThe Fed's so-called countercyclical capital buffer enables the regulator to modify how much debt banks are able to take on, decreasing the level in good times when banks can afford to do so.\n\"By raising capital requirements during boom times, that could put a break on runaway asset prices,\" Jeremy Kress, a former attorney in the banking regulation and policy group at the Federal Reserve, and a professor at Michigan's Ross School of Business, told MarketWatch in June. \"The Federal Reserve, in contrast to other countries, has never turned on this discretionary buffer. Perhaps now might be a good time to activate it,\" said Kress.\nKohn urged the Fed to increase the counter-cyclical capital buffer, something that Randal Quarles, the current Fed vice chairman for financial supervision, has resisted doing, telling an industry audience in June that raising the buffer would \"needlessly reduce the ability of firms to provide credit to their customers.\" The disagreement could soon become political, as President Joe Biden's progressive allies have called on him to nominate either a Fed chair or vice chair that is more amenable to tougher rules on bank lending.\nKohn also took aim at two creations of the Dodd-Frank financial reform law instituted in the wake of the last financial crisis: the Financial Stability Oversight Council, which comprises the heads of all the major financial regulatory bodies, and the Office of Financial Research, which was equipped with subpoena power so regulators could demand information needed to maintain financial stability.\n\"I think most would agree that the performance of these two new entities has been spotty,\" Kohn said, arguing that FSOC has proven unable to act quickly while the OFR has never used its subpoena power for fear of ruffling feathers in the industry. He argued that FSOC should be reorganized to give the treasury secretary more power to act unilaterally and that the OFR should be given a new, clear mandate to regularly gather information policymakers need.\nKohn also called on Congress to pass a new mandate for all federal financial regulators to make financial stability a priority.\n\"Right now, systemic risk is not something they are required to take into account as they carry out their missions,\" he said. \"They should be required to broaden their perspective to consider the systemic implications of their actions and of the activities and firms they oversee and be held accountable for doing this.\"","news_type":1,"symbols_score_info":{"SPY":0.9,".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":2465,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}