Author: Max Smith
CAIRO (AP) – The International Monetary Fund's board will increase bailout loans to Egypt from $3 billion to $8 billion in a measure aimed at supporting Arab economies hit by staggering shortfalls. confirmed the agreement. Soaring foreign currency prices and rising inflation.The council said in a statement late Friday that the decision will enable Egypt to immediately receive about $820 million as part of the agreement announced earlier this month.The agreement came after Egypt agreed to a reform plan with the IMF that focuses on floating the local currency, reducing public investment and making the private sector the engine of…
Shareholders may have noticed Jeffries Financial Group, Inc. (NYSE:JEF) filed its first quarter results this time last week. Initial reaction was not positive, with the stock declining 2.7% to $44.10 over the past week. Results were mixed, with earnings per share (EPS) falling short, but revenue exceeding expectations at US$1.7 billion. Statutory profit was US$0.66 per share, 12% below analyst expectations. The analysts have updated their earnings model following these results, but it would be good to know whether they think there's been a big change to the company's outlook, or if it's business as usual. We thought our readers…
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Screenshot from youtube.com@oldclassicgame Journey performs a “spectacular concert at Galaxy Stadium” in Bally Midway's 1983 coin-op video game Journey. You may have heard classic rockers Journey's 1981 hit “Don't Stop Believin'”; run away The album was recently named the “Greatest Song of All Time,” but it's doubtful that the two early '80s video games featuring the band will rank among the top classic video game titles. Journey was huge when these games were released, but I don't think even those who faithfully followed the group through their albums and concerts welcomed these games with open arms. But they're fun to…
In a move that has sparked controversy and criticism, the U.S. Export-Import Bank has approved a $500 million loan for oil and gas projects in Bahrain. The decision, seen as contradicting President Biden's pledge to reduce oil and gas use, has drawn scrutiny and even led to the resignation of two of the bank's climate advisers in February, the New York Times reported. The Times reported. These oil and gas energy sources are often referred to as “dirty energy” because they emit pollutants that cause the earth to overheat and cause health concerns. This is something we want to avoid…
CHAMPION — A proposed master's program at the University of Illinois would train students in all aspects of video game creation, from story writing to programming.”You don't just need programmers, you need artists and so on, and you need to understand how to collaborate with each other,” says Lisa Beebenew, director of the informatics program in the School of Information Sciences.The master's degree program cannot begin until it receives approval from the Illinois Higher Education Commission, but Thursday's approval from the UI Board of Regents brings it one step closer to becoming a reality.Other universities offer similar game design programs,…
Perimeter Solutions (NYSE:PRM) has been doing well on the stock market, with its stock up a significant 61% over the past three months. Since a company's long-term fundamentals typically drive market outcomes, we wonder what role, if any, a company's financials play in price movements. I am thinking. In particular, I would like to pay attention to Perimeter Solutions' ROE today.ROE or return on equity is a useful tool for evaluating how effectively a company can generate returns on the investment it receives from its shareholders. More simply, it measures a company's profitability in relation to shareholder equity. See our…
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On Friday, we noted that: Potential flaws in the new kickoff rulethe defense may end up chasing the kicker during the PAT attempt, but it actually has no effect.Penalties for tries only occur at the point of the kick, and the composition of the other 21 players remains unchanged, so there's no big downside to doing everything in your power to prevent extra points.After posting the story (and discussing it in Friday's discussion) PFT Live), I've heard the idea in some circles that teams have the option of penalizing tries after kickoff. So, for example, if a kicker gets rough…
Mary Barra, chairman and CEO of General Motors (GM), has overcome many challenges in her 10 years as the leader of a company that has spanned more than 100 years. When Mr. Barra took over as CEO, General Motors was still emerging from bankruptcy in 2009 and reeling from an ignition switch recall that killed more than 100 people. Barra was tasked with overhauling GM's siled culture, changing the way the public views the company's cars and restoring trust.”A crisis is when you really demonstrate to your entire team that you're committed to your values,” Barra told Yahoo Finance executive…