UncategorizedWe Sent a Writer to Tweet an OperaThe view from the “tweet seats” of LA Opera’s experimental production of “The Magic Flute” looks pretty good.By Drew Tewksbury – November 22, 2013680ShareEmailFacebookTwitterPinterestReddItAt no point after the debut of Mozart’s opera The Magic Flute in Vienna on September 30, 1791 did the maestro ever consider his Klout score. But after last night’s “tweet seats” event at LA Opera, @Mozart could have added “social media guru” to his resume.As part of the attempt to increase audience engagement with the arts, LA Opera invited the over-sharers of the world for a sneak peak of their new production of The Magic Flute. Multimedia production crew 1927 gave the opera a retrofuturistic feel.There was no set stage; instead, interactive video was projected onto a huge backdrop. Inspired by silent films and the German Expressionists (think Cabinet of Dr. Caligari and Nosferatu) the imagery was dark and whimsical. It was surreal to see a 222-year-old story about dragons and magic projected onto a stage that later appeared on the screen of my phone, but I don’t think Mozart would have minded. He might even like it—on Facebook.☛ The Magic Flute runs Nov. 23 through Dec. 23 at LA Opera.[&amp;lt;a href=”//storify.com/drewtewksbury/magic-flute” target=”_blank”&amp;gt;View the story “Magic Flute Final Dress Rehearsal” on Storify&amp;lt;/a&amp;gt;] TAGSLA OperaL.A. CultureEventTwitterThe Magic FluteTechnologyOperaMusicPrevious articleJFK In L.A.Next articleYour Holiday Visitor Survival GuideDrew Tewksbury RELATED ARTICLESMORE FROM AUTHORSong Catalogs Are Selling for Big Bucks, but Will the Trend End on a Bum Note?Coachella Sets a Date for Its 2022 Comeback18-Year-Old Singer-Songwriter Ai Bendr Just Wants to Be Honest
By Mike Wackett 27/01/2015 Container lines serving the US west coast ports of Los Angeles and Long Beach from Asia are suffering docking delays of up to three weeks according to an analysis by Alphaliner.This means carriers must deploy extra vessels and is causing a record spike in spot rates on the alternative Asia-US east coast tradelane.Despite the introduction of a government mediator, agreement on a new labour contract between the International Longshore and Warehouse Union (ILWU) and the port employers, represented by the Pacific Maritime Association (PMA), seems as far away as ever, after eight months of negotiations.Robust consumer demand, the deployment of bigger ships and chassis and truck driver shortages have contributed to terminal congestion at west coast ports – but the problem has been exacerbated by the absence of a new labour contract for the 20,000 dockworkers.The relationship between the ILWU and the PMA has deteriorated since November, culminating in go-slows, a general lack of co-operation and cancelled night shift operations.According to Alphaliner data, port congestion on the US west coast has forced carriers to deploy 36 extra ships, with a combined capacity of 233,000 teu, on the transpacific trade in order to maintain some semblance of schedules and help to reposition empty equipment back to Asia to service export bookings.Moreover, shippers seeking an alternative entry hub for their imports have seen freight rates on the Asia-US east coast route soar. Last Friday’s Shanghai Containerised Freight Index recording spot rates for the USEC hit $4,748 per 40ft – more than double its index for the USWC which stood at $2,063.Unsurprisingly, the attractive rates have encouraged carriers to introduce extra ships to the as-yet-uncongested ports on the east coast. Zim is on example of a carrier that is attempting to take advantage of the market and use its surplus ships to offer ad-hoc sailings.Meanwhile, the southern California ship management and services information organisation, Marine Exchange, reported 18 containerships at anchor in the San Pedro Bay awaiting berths at the weekend, a number likely to increase as the main terminals at Los Angeles and Long Beach approach gridlock.Container lines have so far adopted a strategy of skipping some ports and blanking voyages to help compensate for the extensive delays.However, significant extra vessel operating costs, and not least charter hire for substitute vessels, will negate a generally more profitable period in liner shipping that has come courtesy of a 60% reduction in bunker costs.Indeed, referring to disappointing third-quarter results last year, NOL has blamed much of its $23m net loss on port congestion on the US west coast.The congestion also represents the first test for the newly-formed 2M and Ocean Three mega-alliances, and it will be interesting to see how the vessel-sharing groups manage the challenge.
Major airports such as New York’s JFK have become congested with cargo owing to the rise in freighter operations © Lucian Coman | The pandemic threw airfreight patterns into reverse – and now large forwarders are considering making this permanent.Over the two decades leading to the Covid-19 outbreak, passenger airlines had been adding routes to second-tier airports, which saw the erosion of flows through gateways like New York’s JFK Airport.Without traffic – passenger or cargo – to sustain secondary gateways, the pandemic jerked traffic back to the main hubs.So will the recovery of passenger volumes revive the streams through smaller airports? By Ian Putzger, Americas correspondent 14/05/2021 Not as far as DHL Global Forwarding is concerned. Thomas Mack, its head of airfreight, recently said it intended to increase its focus on the principal global hubs: rather than funnel traffic through 50 or so airports, it will use 15 or 20, and will continue to invest in these.From them, distribution can be arranged in “a more sustainable fashion” than flying to 20 different airports in one country, he explained.And Neel Shah, VP airfreight of Flexport, said: “A lot of the second-tier gateways are not going to be viable in the near future. Most only appeared on the map during the past 15 to 20 years, as new-generation aircraft like the 787 made passenger flights to them viable.”The bulk of volumes is driven by freighters and they go to the big gateways. For larger forwarders that use freighters, especially for dedicated capacity, the key gateway strategy is something they rely on, says Mr Shah.Stan Wraight, president and CEO of SASI World, said the heavy focus on the big gateways was a reflection of the growing trend among large forwarders to leverage controlled capacity. Recent months have seen a rising tide of freighter flights chartered by forwarders on a regular basis.But, as the likes of Chicago O’Hare and Los Angeles International have drawn in unprecedented numbers of freighters, supplemented by passenger planes on cargo missions, volumes have overwhelmed their facilities, creating bottlenecks and delays.This has prompted forwarders and shippers to divert flights to alternative gateways like cargo-only Rockford and Rickenbacker, which have clocked up huge gains in freighter traffic.“We use these airports heavily,” said Mr Shah.So the question is, how much of this activity will continue after belly capacity recovers and congestion at the big hubs eases? Rickenbacker, which has built itself a strategic niche, will retain a good chunk of its freighter business, but others may see cargo revert to the large hubs, believes Mr Shah.But, for this to happen, many hubs have to upgrade their cargo infrastructure – particularly warehousing capacity, which has been the main bottleneck responsible for the current congestion, he said.He reckons the experience of the past year has convinced airport authorities of the importance of cargo, but budgets for fresh investment in cargo infrastructure are curtailed by the airports’ financial situation.Mr Shah thinks the private sector may step in – “there’s a lot of private money out there ”, he noted.Hub airports that continue to neglect cargo for the sake of their passenger business will suffer the consequences, he predicted.“Our supply chain is super vulnerable to the lack of investment at airports. If the big gateways choose not to make that investment, freighter airlines will have to go to Rickenbacker, Rockford and the alternative airports.“If they do, forwarders will have to think about making an investment there. So far, they have not made that decision because they have invested in the hubs.”
Hillary Clinton waves as she leaves an apartment building after departing early from the 9/11 anniversary ceremony in New York. Andrew Harnik/AP A conspiracy-free, facts-only guide to the health of Clinton and Trump After Hillary Clinton abruptly left a 9/11 memorial service in New York Sunday, her physician disclosed that Clinton was diagnosed with pneumonia on Friday and is currently taking antibiotics.Clinton’s staff initially said she was feeling “overheated.” A statement released by Clinton’s doctor on Sunday afternoon indicated that, upon examination, the cause of her faintness was dehydration.Reporters weren’t alerted until after her departure, but video taken by a bystander shows what appears to be Clinton visibly weak and on the verge of fainting as she got into a van.advertisement The incident is already amplifying calls for Clinton to release more detailed medical records. From epic poet to Donald Trump’s doctor: the story of ‘Count Harold’ Related: PoliticsClinton’s ‘overheating’ episode was related to pneumonia treatment, her physician says “At present, we have no way of knowing whether either Mr. Trump or Secretary Clinton is in good health, because neither have released meaningful records, and to use this particular incident to suggest that one candidate is less healthy than the other may be effective politics, but as science, it is truly meaningless,” Dr. Jacob Appel, an assistant professor at Mount Sinai School of Medicine who has also studied presidential medical history, wrote in an email to STAT. “Akin to predicting an influenza epidemic based [on] a candidate’s sneezing.”advertisement Clinton, 68, has so far released only a physician’s letter with about the same amount of detail as letters issued by President Barack Obama and Mitt Romney in 2008 and 2012. Clinton’s doctor concluded she was “in excellent physical condition.”Clinton’s letter included more detail than the one released by Donald Trump’s doctor, which alleged he would be the healthiest person ever elected president. Trump is 70 years old.“Both candidates have been economical with the truth of their health,” said Robert Robins, professor emeritus of political science at Tulane University, who has studied presidential health. “Past experience with A-list leaders shows that serious and continuing health difficulties, except when unavoidably public, come to light only after they have left office and especially after their death.” Related: A concussion that Clinton suffered in December 2012 has been the foundation for much of the speculation about her health. The cause of the concussion was a fainting episode, which was blamed on dehydration. During an evaluation after the concussion, a blood clot was found in her head.She was hospitalized to treat the clot, and follow-up evaluations showed she had fully recovered and that she tested negative for clotting disorders, according to the doctor’s letter. However, as a precaution, she is taking a blood thinner.“Overheating” most likely falls under the broader medical diagnosis of hyperthermia, or heat-related illness. Hyperthermia is especially common among older adults and in hot, crowded places.“A doctor wouldn’t say that feeling overheated, a normal symptom of life from time to time, is ‘falling ill,’” CNN contributor and physician Dr. Ford Vox tweeted in response to the episode.Upon leaving the memorial service Clinton went to daughter Chelsea’s nearby apartment, and the campaign said she was “feeling much better.” Associated Press photos later showed her walking out of the apartment smiling and waving to cameras, and the campaign said she then proceeded home to Chappaqua, N.Y. By Lisa Raffensperger and Dylan Scott Sept. 11, 2016 Reprints Tags Hillary ClintonpolicyPresidential campaign
WhatsApp Mountmellick Family Resource Centre to receive €160,000 funding WhatsApp Facebook It is hopted that the Mountmellick Family Resource Centre will be open as soon as funding is allocated, €160,000 of which is due to be available in early summer.Minister for Justice Charlie Flanagan is keen to see the project progressed.“The opening of the Family Resource Centre in Mountmellick continues to be one of my priorities and I would like to see the Centre opened and up and running when funding for the first tranche of new centres is allocated,” he said. “I am now confirming that Mountmellick Family Resource Centre will be awarded funding of €160,000 per year commencing in early summer of 2018. This funding will provide the staff of the MDA and the MYDC with the resources to sustain and develop the existing range of services currently being provided,” he said. “I wish to acknowledge the role of TUSLA in providing funding for the FRC and pay tribute to the board members and staff and volunteers of the MDA & MYDC who work tirelessly, with limited budgets, to create a safe environment for young people and deliver services to disadvantaged families in the area,” Minister Flangan said. Home News Community Mountmellick Family Resource Centre to receive €160,000 funding NewsCommunity Previous articleAll of this week’s golf results from around the local clubsNext articleInjury boost for Laois boss Sugrue ahead of crunch Westmeath clash David PowerA journalist for over 20 years, David has worked for a number of regional titles both as journalist and editor. From Tullamore he also works as a content editor for Independent.ie. His heroes include Shane Lowry, Seamus Darby and Johnny Flaherty Community Twitter Rugby TAGSMinister Charlie FlanaganMountmellick Family Resource Centre. Mountmellick MDA Ten Laois based players named on Leinster rugby U-18 girls squad In March it was confirmed that a new Family Resource Centre is to be established in Mountmellick.DisadvantageAt the time, Minister Flanagan said: “The primary purpose of a Family Resource Centre is to combat disadvantage and improve the working of the family unit. They offer core services including support to people facing unemployment, addiction and bereavement”.The announcement is part of a range of initiatives announced for Family Resource Centres as part of Budget 2018. Tusla is investing a total of €16.37 million into the Family Resource Centre Programme in 2018, an increase of 21% compared to 2017.SEE ALSO – Voting underway as nursing home residents cast their vote in referendum Facebook RELATED ARTICLESMORE FROM AUTHOR Twitter Community By David Power – 22nd May 2018 Pinterest Five Laois monuments to receive almost €200,000 in government funding Pinterest Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’
WhatsApp Pinterest Laois actor Robert Sheehan has opened up on how he would like to have a child.The 31-year-old Portlaoise man who previously starred in shows such as Misfits and Love/Hate, made the revelation in a recent interview with the Irish Daily Mirror. Sheehan says he began to feel ‘broody’ after holding a baby belonging to one of his friends.He said: “I was holding Tom and Laura Hopper’s baby yesterday and it was so nice.“I really want one, my ovaries are glowing.“You know I was talking to my mate Duncan, we’ll drop the name, why not, Duncan Jones, who directed me in Mute, and he’s 47 or so and has just had his second child and he said ‘Robert, if you can get started on the kids earlier do. I’m knackered’.”Now starring in Netflix’s new superhero show, The Umbrella Academy, the actor said he is getting restless.He told RTE Guide: “I think that i’m getting more restless as I get older. That’s why meditation is good for me because it reminds me that I don’t have to be constantly doing that.“It’s not necessarily running away from anything. Luckily, I don’t have many demons that I quarrel with. Meditation teaches me how to be OK with myself, be OK with no noise or distractions.”SEE ALSO – Happy Days as Sweet Bakery opens for business in Portlaoise By LaoisToday Reporter – 12th February 2019 Facebook WhatsApp Pinterest Previous articleHappy Days as Sweet Bakery opens for business in PortlaoiseNext articleWinner announced in LaoisToday/Midlands Park Hotel competition LaoisToday Reporter TAGSRobert Sheehan Community Laois actor Sheehan wants to become a dad Twitter Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ Council RELATED ARTICLESMORE FROM AUTHOR Twitter Home Lifestyle Entertainment Laois actor Sheehan wants to become a dad LifestyleEntertainment New Arles road opens but disquiet over who was invited to official opening Community Facebook Laois secondary school announces scholarship winners for new academic year
US dollar and Chinese reminbi plummet against North Korean won once again North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) By Daily NK – 2017.09.29 3:54pm Unification Media Group (UMG): As a result of North Korea’s continuous nuclear and missile provocations, the United Nations Security Council has adopted new resolutions that restrict coal and oil imports into the country. Due to these measures, product prices within the country are fluctuating, and vendors are looking for new opportunities to make money. Stronger sanctions resolutions have passed the UN since March this year, with particular emphasis on oil and coal sales in and out of the country. Rice prices have gone up slightly, but have remained relatively stable. Currency exchange rates have not been strongly affected. Oil prices, however, have shot upwards since March, causing a chain reaction on other market prices. North Korea’s nouveau riche – called the donju, or money masters – are seizing the opportunity to increase their profits. For more, we’ll be delving into the history and current state of refineries owned and operated by individuals with Reporter Seol Song Ah. Are the price fluctuations a result of the sanctions on oil and coal? Seol Song Ah (Seol): Yes. The coal reserves are plentiful. After North Korea dropped into its worst economic recession in the 1990s, the authorities used coal and mineral exports to increase revenue for the regime. From this point on, hundreds of foreign currency earning companies sprang up around the areas containing the coal and minerals. Natural resources were exported to China and foreign currency was brought in. For twenty years, coal and mineral exports have occupied at least 50% of the North’s total trade volume. Just by looking at this statistic, it’s easy to see how important these sectors are. Because of the sanctions, the export market for these products has been partially restricted, and the prices have naturally declined. Oil is quite the opposite. The North can’t export it, because of supply limitations, and the domestic market needs oil for all sorts of activities. If imports slow, the price will undoubtedly increase. UMG: I’d think that the donju who were involved in this industry would be extremely concerned about this turn of events. How are they reacting? Seol: Even if a war breaks out, the donju will be concerned about profits above all else. They are carefully tracking the current situation – rising oil prices and declining coal prices – and using it to make money. In a telephone call with Daily NK on September 21, an inside source from South Pyongan Province said, “When oil prices rise, crude oil sales are in their prime, so those with the money to do so are getting involved in the industry.” Some business people with the capital to invest are pouring money into real estate, but others are buying up crude oil and processing it to make diesel for sale. This creates significant profit. “In terms of speed, those investing in real estate can see a profit on their investment in six months. Oil refining and sales, however, can net profits by the hour.” UMG: Can you explain about the process of processing crude oil and selling diesel? Seol: Crude oil can be found at the source – the Baek Ma Oil Facility in North Pyongan Province, Pihyun County. The Chinese crude oil pipeline connects to this location, and it’s processed at the Bonghwa Chemical Factory. The national plan is to produce and supply gasoline, diesel, crude, and coal tar from this location. The black market is involved in the subsequent distribution, consisting of trains and vehicles that deliver all over the country. For instance, according to inside sources, the crude is brought to Pyongsong City and Sunchon City. That’s because there are many wealthy business people in these areas with the resources to buy the crude and process it for sale. They buy up dozens of tons of oil using US dollars. Outside of this, middle level cadres at thermoelectric power plants can buy up 1 – 2 tons of oil for sale. The source also indicated that road repair companies receive a supply of coal tar from the authorities, and have been known to sell the excess on the black market. UMG: These trends seem to reveal just how much liquidity the cadres have at their disposal. Seol: Yes, that’s true. In South Pyongan Province, a ton of crude sells for US $400-600, while coal tar sells for about $100-200. These prices are sensitive to fluctuations in the cost of oil. One ton of crude will yield 700 kilograms of diesel or 400 kilograms of coal tar. As late as February of this year, diesel produced at the factories was selling for KPW 4,000, which wasn’t a high enough price to support the factories, and many of them went under. However, starting in April, the price began jumping upwards in dramatic fashion, drawing more entrants into the industry. UMG: If private business people process and sell diesel, they have a lot to consider, including the possibility of expanding their facilities, and preparation for processing the crude, etc. How do they address these obstacles? Seol: First of all, processing crude oil produces noxious fumes and pollutes the local area so it isn’t possible to do it in densely populated regions. A common practice is to rent space in a factory run by the authorities. Recently, the donju have been choosing agricultural regions as their production centers. If they deal with cadres and rent space in a rural facility, they pay much less. If they choose to expand the facilities, they need to first install braziers to heat the crude. The use of fire bricks to construct the braziers allows the business people to create splint coal from crude or coal tar. After the sanctions took place, demand for fire bricks suddenly climbed, and they are now selling for KPW 1,600 per brick. Business people without the funds to purchase the special bricks substitute them with ordinary bricks, but this makes the process much harder. In any case, coal is used to fuel the creation of diesel fuel. Right now the price of coal in South Pyongan Province is about US $15 per ton. Melting one ton of coal tar to produce diesel requires about two tons of coal to fuel the process. UMG: I expect that sales must be brisk to justify such a complicated and expensive refinery process. Seol: Gasoline in North Korea sells for different prices depending on the quality. The 95 grade, for example, is good for luxury cars, while 66 is suitable for trucks. Diesel is also divided up into classes, with some suitable for tractors, and other grades used for ventilation systems. There’s no premium grade like there is for gasoline, but there are still gradations. As the market price of oil rises, the lower quality diesel is being mixed with the higher quality refined diesel. This undesirable practice is being pursued by both businesses run by state trading companies and individual entrepreneurs. According to sources, the privately produced diesel is sold wholesale to ships operated by foreign currency earning companies and fisheries companies. Proposal to shift “general markets” to “specialized markets” finds little support among N. Korean leaders RELATED ARTICLESMORE FROM AUTHOR Carpe oil: North Korean rich go into refinery business News NewsEconomy Daily NKQuestions or comments about this article? 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Facebook LinkedIn Twitter OECD raises outlook for Canadian economic growth this year Keywords Economic forecasts Related news Ross Marowits Economy lost 68,000 jobs in May Share this article and your comments with peers on social media Stagflation is U.S. economists’ biggest fear, SIFMA says Automakers are seeking to reduce labour costs because health-care costs are rising and the strong Canadian dollar is eroding competitiveness. In June, General Motors announced it would shut down its consolidated plant in Oshawa, Ont., next year, a move that will eliminate 2,000 direct jobs. The planned closure comes as the big automaker restarts production at the former Saturn assembly plant in Spring Hill, Tenn. Moody’s said the auto industry is one of “the few bright lights on the Canadian manufacturing landscape.” Transportation equipment accounted for more than three-quarters of the growth in Canadian manufacturing in the 12 months through June. The resurgence of the Big 3 has helped drive a sharp acceleration in Ontario manufacturing, more than offsetting the slowing pace of shipments from Quebec and British Columbia, Hopkins wrote in a report. “Improving auto sales in the U.S. have also been a key component of demand growth for Canada’s largest trading partner. Stalling this momentum, even temporarily, would be costly.” Meanwhile, ratings service DBRS said it believes a strike won’t likely be long or have a significantly harmful effect on General Motors or Ford. DBRS said the risk of a strike is “manageable” even though it will have some impact on the automakers’ U.S. operations because of the inter-relationship between the operations on both sides of the border. “We don’t expect a prolonged strike and even if the strike were to commence, the impact on the company and consequently the effect on the rating is not that material,” he said during a conference call after it raised the ratings of the two companies. The ratings agency upgraded the ratings of both General Motors and Ford to BBB (low) from BB (high) due to their improved profitability, strong financial positions and strengthening North American operations. DBRS said the U.S. automakers are mainly profitable because of past concessions from hourly workers. But abandoning efforts to reduce the $15 per hour cost differential between the Canadian and U.S. operations would make them uncompetitive with offshore rivals, especially from Japan and Korea. “Everybody’s quality of cars is narrowing and everybody’s design and change in products is competitive so you have to always keep an eye on the cost structure,” Hon said. He said the automakers “learned the lesson” of past talks and can’t give more favourable contract terms in good times and then ask for givebacks in bad times. The Big 3 U.S. automakers are continuing tough negotiations with the Canadian Auto Workers union as a countdown continues to a threatened strike at 11:59 p.m. Monday. The union has offered wage and benefit concessions for new hires but is refusing demands for reductions for existing employees. “To date, little success has been made, with the union and the companies still very far apart on a number of fundamental issues,” the CAW said Friday in a message to its members at Ford, General Motors and Chrysler. It added that each of the three companies “remains steadfast in their determination to force deep concessions on both existing and future workers.” “The CAW is equally determined to resist these demands and negotiate a fair settlement that reflects the best interest of our members.” The union has warned that it may target more than one of the U.S. automakers if negotiations fall through. GM only produces a few models at its sole remaining CAW-affiliated assembly plant in Oshawa, Ont. Ford employs less than 5,000 workers at its assembly plant in Oakville and two engine assembly facilities in Windsor. University of Windsor professor Tony Faria said the impact of a strike would be much greater on Chrysler, which derives about a quarter of its production from Canada. All of its minivans are made in Windsor, along with several key sedans and vehicles. “Chrysler is looking at razor thin profits. They’ve got good prospects for this year and next year but the only way their profits are actually going to materialize is they have to be producing vehicles,” he said in an interview. Faria said Chrysler CEO Sergio Marchionne is a tough negotiator but he can’t afford a shutdown. “Chrysler is only now getting into a profitable situation so this is a bad, bad time for Chrysler to be shut down.” A debt ratings agency that covers the auto industry believes that even a short strike by Canadian auto workers could be “painful” and hurt the country’s weak economic growth for months to come. “Even a one-week walkout could jeopardize Canada’s increasingly listless growth, shaving 0.25 percentage point from September GDP while disrupting North American supply chains and retail spending into the fourth quarter,” Moody’s Analytics senior economist Mark Hopkins said Friday.
High-yield bonds face Covid-19 fallout Facebook LinkedIn Twitter “Corporate defaults remain rare, in keeping with our recent expectations,” says Albert Metz, managing director of Moody’s credit policy research. “We are concerned about the possibility of significant economic and financial disruptions following a fiscal crisis in the U.S.. Still, if liquidity and funding remain available, our baseline expectation is that corporate default rates will remain below historical averages.” Based on its forecasting model, Moody’s now expects the global speculative-grade default rate to end 2012 at 2.7%, which if realized is well below the average of 4.8% since 1983. Moody’s expects default rates to be highest in the media: advertising, printing & publishing sector in the United States, and the hotel, gaming & leisure sector in Europe. Moody’s global distressed index came in at 15.1% in November, up slightly from October’s 14.7%. A year ago, the index was at 24.1%. The speculative grade default rate slipped in November, according to Moody’s Investors Service. The rating agency reports that the trailing 12-month global speculative-grade default rate came in at 2.7% last month, down from 3.1% in October. A total of 53 Moody’s-rated corporate debt issuers have defaulted so far this year, with three defaulting in November, it says. Share this article and your comments with peers on social media Canada’s high-yield firms bested U.S. counterparts in pandemic: Moody’s Keywords High yield bonds Related news James Langton U.S. high-yield default rate on the rise: Fitch
Tom Kloet Share this article and your comments with peers on social media Session ID: 2021-06-13:1c04612338c44eed92ebbe2d Player Element ID: vjs_video_3 OK Close Modal DialogBeginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button. Video Player is loading.Play VideoPlayMuteCurrent Time 0:00/Duration 1:53Loaded: 0.00%0:00Stream Type LIVESeek to live, currently behind liveLIVERemaining Time -1:53 1xPlayback RateChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window. This video is either unavailable or not supported in this browser Error Code: MEDIA_ERR_SRC_NOT_SUPPORTED Technical details : The media could not be loaded, either because the server or network failed or because the format is not supported. Facebook LinkedIn Twitter