Andrew Estofan

Budget: focus on growth

Announcing this budget in parliament was the easy part, despite the resentment with which the speech must have been delivered. Keeping the promises made there will be the real challenge. The budget is first and foremost aimed at pleasing the business community, with a series of tax and duty cuts …

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Beijing calls for better control of local government debt

China’s central government has called for better control of local authorities’ budgets and spending, and tighter debt control after an audit of dozens of local authorities uncovered a series of violations, including tax levies illegal loans, illicit borrowing and mismanagement of special obligations (SPB). The State Council, the Chinese government, …

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Dickson Concepts (International) (HKG: 113) Shareholders will want ROCE to continue

Finding a business that has the potential to grow significantly isn’t easy, but it is possible if we take a look at a few key financial metrics. First, we will want to see a return on capital employed (ROCE) which increases and, on the other hand, a based capital employed. …

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Doug Ford and the PCs predict another decade of austerity

Public goods • June 11, 2021 • Doug Allan Ontario Financial Accountability Office (FAO) reports that the nominal increases in health care funding planned by the government PC of Doug Ford between 2019-2020 and 2029-30 are well below the nominal increases of the previous nine years (2010-2011 to 2019-2020, the …

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Norwegian company Equinor must lift its climate ambitions, minority investors say

By Nérijus Adomaitis OSLO (Reuters) – Norwegian energy giant Equinor must set tighter short-term targets for reducing the company’s climate impact when it presents a new strategy next week, minority shareholders have said. CEO Anders Opedal, who took the reins late last year with a pledge to accelerate the state-controlled …

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Returns at BayWa (ETR: BYW) are on the rise

What are the early trends we should look for to identify a stock that could multiply in value over the long term? First, we will want to see a return on capital employed (ROCE) which increases and, on the other hand, a based capital employed. Basically, this means that a …

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Mendocino County District Attorney Blames Region’s Rise in Violent Crime on Black Market Cannabis Industry – Redheaded Blackbelt

Military grade tactical equipment and weapons used in the robbery and kidnapping last September. [Picture provided by the Mendocino County Sheriff’s Office] In a budget presentation to the Mendocino County Board of Supervisors on Wednesday, June 9, District Attorney David Eyster described a 10% increase in violent crime from 2019 …

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Is Calavo Growers (NASDAQ: CVGW) a risky investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett said “volatility is far from risk.” It’s natural to consider a company’s balance sheet when looking at its level of risk, as debt is often involved when a business collapses. …

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Lower growth and fewer jobs – Analysis – Eurasia Review

By Daniel Lacalle * The first thing any economist should do when reading a budget proposal is to analyze the basic macroeconomic assumptions and the results presented by the administration. When both are poor, the budget must be criticized. This is the case with the Biden budget plan. Same growth, …

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Consultation on the exemption of new constructions from the proposed tax rules

Thursday June 10, 2021, 12:16 p.m.Press release: Government of New Zealand The government confirmed today that new construction will be exempt from the planned changes in the tax treatment of residential investment properties. Public consultation is now open on the details of the proposals, which end the interest deductions claimed …

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