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Rather large, again. Looks like around 9%, for example, in the case of POAGX. Even in the midst of several years' worth of redemptions, plus this year's losses, they may not feel like they're finding great values since they're keeping that fund and all three Vanguard ones closed.Primecap funds at https://www.primecap.com/ have 2022 estimates now
I think the usual way to pay in cash is to go up to the person at the cash register and hand them green paper. You know : 5, 10, 20 dollar bills. That's how I've paid for gas for decades. I have yet to see a filling station attendant refuse actual cash money.
The customers can pay cash by several ways:
1. A bank check (merchants often need driver license plate number and another piece of ID). Last time I did that was over 20 years ago.
2. a debit card. Often the gas station charges $0.35 per purchase.
All these old coal mines present a looming and potentially expensive disaster for coal country—and for taxpayers who could be on the hook. Meanwhile, Alpha’s share price has gone up more than 700% since it exited bankruptcy in 2016. The executives who guided the company through bankruptcy, a corporate split, a re-merger and a name change have been handsomely rewarded. Kevin Crutchfield, CEO from 2009 to 2019, earned at least $72 million in those years. President Andy Eidson, set to take over as CEO, has made at least $16 million since he joined Alpha a decade ago.
Environmental advocates say big coal companies transfer their mines and reclamation obligations to save money, despite the cheery confidence they express in the ability of new owners to clean up their messes. Indeed, Alpha and Lexington both trumpeted their commitment to reclamation when the deal was announced.
“It’s a fig leaf,” says Erin Savage, a scientist at Appalachian Voices in Boone, North Carolina. “It comes down to the math.” Alpha and other large coal companies must know that reclamation would cost them more than they pay to the company that takes the mines off their hands, Savage says. “Otherwise, why would they do it? They’d just do the reclamation themselves.”
Matthews Asia funds were once appealing options for investors seeking Asian equity exposure.It looks like the Matthews group has been hemorrhaging assets and now manages less (a lot less) money than they did 10 years ago. The company is flailing and throwing all kinds of sh*t at the wall in the hope something will stick. Look at the mass exodus of managers. My opinion, of course, and worth what you just paid for it.
I was up there on one of my many trips, many years ago. I remember the conversation with the banker-person that day. it was at a BMO branch. She explained that if I were to open a brokerage account there, but I live in the States, they would withhold tax. But of course, depending upon what's on your own 1040, it may be refunded to you. You DO have a line-item on the 1040 where you can claim credit for "Foreign Tax Paid." ..... Living in the States and holding a brokerage account here, and buying canadian bank stocks via a stateside brokerage is a bit different thing. But I'd bet dollars to donuts you'd have some foreign tax withheld. Wish I could tell you for certain.@Crash : Do the Canadian banks have a foreign tax applied to their dividends ?
Prices continued to climb at a brutally rapid pace in September, with a key inflation index increasing at the fastest pace in 40 years, bad news for the Federal Reserve as it struggles to wrestle the cost of living back under control.
Overall inflation climbed 8.2 percent in the year through September, according to the latest Consumer Price Index report. Even more worrisome, underlying inflation trends are headed in the wrong direction. After stripping out fuel and food — which are volatile and removed to get a better sense of the trajectory — prices climbed 6.6 percent in the year through September. That was the quickest rate since 1982.
Markets swung wildly after the report, with stocks falling sharply initially but then surging higher as investors struggled to digest what the data meant for the future. The S&P 500 index closed up 2.6 percent.
Economists have predicted that the economy will slow and inflation will moderate in the months ahead. But they have been expecting an imminent cool-down for the past 18 months, and the data have repeatedly proved them wrong. Worried that rapid inflation might last, Fed officials have been clear that they plan to raise interest rates to a point where they are constraining the economy and hold them at a high level until price increases are clearly moderating. Officials have estimated that they will lift borrowing costs to about 4.6 percent by the end of 2023.
After making three unusually large rate increases, officials had suggested they would debate slowing down in November. The fresh inflation data makes another big move more likely, and economists said it could make it difficult for the Fed to slow down by the end of the year, as policymakers had previously forecast.
It is too early to know how the Fed’s thinking will evolve by its final meeting of the year on Dec. 13 and 14. Even if inflation shows little sign of cracking by then, policymakers may want to give themselves time to see the cumulative effect of their rate increases, as well as fallout from monetary policy adjustments taking place around the world. But for now, just about every sign they are receiving from the inflation data is discouraging. Economists said there were signs in the inflation data itself that price increases might be growing more entrenched.
Fed policy takes time to work, and most economists would not expect this year’s adjustments to be pulling inflation drastically lower yet. But because rate moves work by slowing consumer demand, one might expect their effects to show up in everyday consumer goods and services categories first. That has yet to happen. From restaurant meals to cigarettes to stationery products, prices continue to climb briskly, suggesting consumers are still willing to pay up.
Glad you brought up ARTKX, LB. Haven't thought about it in years; it was once a kingpin in the portfolio. Samra is still there after 20 years, it's open after being closed for quite a while, and the shape of the portfolio (at least the geography of it) looks pretty similar to what it was when I owned it. Putting it on the watchlist ...ARTKX is run by former Oakmark alums and seems to have beaten OAKIX at its own game.
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