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Investors are set on riding the equity rally all the way through to Christmas

Investors are set on riding the equity rally all the way through to Christmas

Finance
With 41 days to go, it seems Christmas has come early this year for many investors.The returns in 2017, at least for equity investors, are staggering. The DAX is higher by some 16 percent since the start of the year; the S&P 500 has rallied 15 percent with both markets hitting record after record; and previously unloved emerging markets like Brazil have spiked 20 percent.Driving this is what many call a "sweet spot" for investors: a backdrop of solid growth, low inflation, strong corporate earnings and continuously supportive monetary policy from central banks, despite efforts to gradually tighten stimulus.On top of that, we are still expecting U.S. President Donald Trump's tax reform to be passed before year-end, which could give another fillip to risky assets, when eventually approve...
4 reasons not to rush through open enrollment season

4 reasons not to rush through open enrollment season

Finance
It's open enrollment season, which for many workers, might not mean much. That's a costly misconception. About half of employees don't understand their benefits materials, according to a report by the International Foundation of Employee Benefit Plans.As a result, most workers just stick with what they've previously picked — 92 percent of workers last year kept the same selections, according to a separate Aflac survey of 5,000 employees.That's a missed opportunity. Aflac found that more than half of employees estimate they are wasting up to $ 750 a year because of suboptimal benefit choices.At the very least, workers should "take a look and see what their choices are this year compared to last year, to see if their plan still suits their situation," said Julie Stich, vice president at th
Red Cross: $6 million for Ebola fight stolen through fraud

Red Cross: $6 million for Ebola fight stolen through fraud

Health
Fraud by Red Cross workers and others wasted at least $ 6 million meant to fight the deadly Ebola outbreak in West Africa, the organization confirmed Saturday. The revelations follow an internal investigation of how the organization handled more than $ 124 million during the 2014-2016 epidemic that killed more than 11,000 people in Sierra Leone, Liberia and Guinea. The disease erupted in Guinea and quickly spread to Sierra Leone and Liberia. The international aid response was initially slow, and money once it arrived was often disbursed quickly in the rush to purchase supplies and get aid workers into the field. As much as $ 2.13 million disappeared as the result of "likely collusion" between Red Cross staff and employees at a Sierra Leonean bank, the investigation found. It is believed t...
New DARPA radar sensor captures video through clouds

New DARPA radar sensor captures video through clouds

Business
Sept. 29 (UPI) -- A new radar sensor that can capture real-time video through clouds has been developed and demonstrated by the U.S. military.The U.S. Defense Advanced Research Projects Agency, or DARPA, said the sensor is part of its Video Synthetic Aperture Radar, or ViSAR, program that recently completed flight testing."The recent flight tests of the ViSAR sensor marked a major program milestone toward our goal, proving that we can take uninterrupted live video of targets on the ground even when flying through or above clouds," Bruce Wallace, program manager in DARPA's Strategic Technology Office, said in a news release. "The EO/IR sensors on board the test aircraft went blank whenever clouds obscured the view, but the synthetic aperture radar tracked ground objects continuously through...
NHC: Maria 'potentially catastrophic' as it tears through Caribbean

NHC: Maria 'potentially catastrophic' as it tears through Caribbean

World
Sept. 19 (UPI) -- Hurricane Maria left widespread damage Tuesday in the eastern Caribbean as it continued steaming toward the U.S. Virgin Islands and Puerto Rico as a Category 5 storm.In its 5 p.m. advisory, the National Hurricane Center said the center of the storm was 80 miles southeast of St. Croix and 175 miles southeast of San Juan, Puerto Rico, both U.S. territories. Maximum sustained winds were recorded at 165 mph, with higher gusts.Maria was moving west-northwest at a speed of 10 mph -- a direction which was expected to continue through Wednesday.The NHC called the storm "potentially catastrophic" -- barely a week after Hurricane Irma tore through the same region."On the forecast track, the eye of Maria will move near or over the U.S. Virgin Islands [Tuesday night], cross Puerto Ri...