Did you know? Wow, this last winter storm that has been responsible for the deaths of 57 people in Colorado, Illinois, Kansas, Kentucky, Michigan, Missouri, Nebraska, New York, Ohio, Oklahoma, Tennessee and Wisconsin. The leading cause of death? Heart problems while shoveling or blowing snow and carbon monoxide poisoning. While millions around the US were badly inconvenienced by cancelled flights and travel delays, many were dealing with much worse challenges. Millions lost power. Emergency workers braved horrific conditions while others were celebrating Christmas. Massive storms 'in other parts' impact everyone, everywhere via disrupted travel, supply chain disruptions, increased insurance premiums, etc. (CNBC)
Did you know? Since Jan 2020, I have been part of 21 transactions and 17 of these transactions have been all cash (no loan or appraisal contingency)….During the Covid era, sellers chose cash (2 less contingencies) over price.
Did you know? In Canada, Airlines must provide compensation for the inconvenience of flight cancellations and flight delays of 3 hours or more and if the disruption is within their control and not related to safety, and if the airline notified you of the disruption 14 days or less in advance.
If you are flying on a large airline and the length of the delay is:
- from 3 to 6 hours, your compensation is $400;
- from 6 to 9 hours, your compensation is $700;
- 9 hours or more, your compensation is $1000.
If you are flying on a small airline and the length of the delay is:
- from 3 to 6 hours, your compensation is $125;
- from 6 to 9 hours, your compensation is $250;
- 9 hours or more, your compensation is $500.
All compensation amounts are in Canadian dollars.
Did you know? Three years ago the GREAT SUPPLY CHAIN mess started, and today we have an OVERsupply of computer chips.....watch prices come down! Another reminder of how the power of supply-demand impacts pricing.
Did you know? Global stocks have dropped around 20% this year, while bonds have delivered their biggest declines in decades, making 2022 a year to forget for most asset managers. But hedge funds/macro funds on average gained 8.2% in the first 11 months of 2022! Computer-driven hedge funds have also benefited, with many of the market moves providing long-lasting trends..... up 12.6% their best year of returns since 2008. Equity hedge funds have not fared well, down around 9.7% on average. (FT)
Did you know? When some enrich themselves via fraud, everyone else has to pay the price: Florida insurers faced more than 100,000 lawsuits last year claiming $7.8 billion in damages, while the other 49 US states faced a total of 24,700 claiming $2.4 billion.....about a third! New legislation now aims to curb this excessive abuse of the law. (WSJ)