Show respect for the flag and stand up


first_imgRe May 29 letter, “NFL anthem stance is unAmerican”: As I understand it, Denis Brennan seems to think the “piece of cloth” (the American flag), as he puts it, is just that and that it doesn’t represent the ideals of being an American.  I would ask him to check with the family members of the thousands of men and women who lost loved ones fighting for that flag and what it represents to them. To stand for the national anthem, he says, is forced patriotism. I call it respect for what the flag means to most Americans.Linda CorteseNiskayunaMore from The Daily Gazette:EDITORIAL: Find a way to get family members into nursing homesNiskayuna girls’ cross country wins over BethlehemEDITORIAL: Thruway tax unfair to working motoristsEDITORIAL: Urgent: Today is the last day to complete the censusPuccioni’s two goals help Niskayuna boys’ soccer top Shaker, remain perfect Categories: Letters to the Editor, Opinionlast_img read more

Managers signal warning over European markets


first_imgEuro-zone equities have “struggled” relative to US equities, BoAML added. Average allocations to Europe have reduced slightly since May, but the researchers said they remained positive in the short term on the region, citing the economic backdrop and expected free cash flow growth.A majority of those surveyed (42%) said that the Fed’s planned reduction of its quantitative easing programme this year would be a “non-event”. Roughly a third (31%) said it would send bond yields up and stock prices down.“Yet until 10-year Treasury yields climb the wall of 3%, few investors think Treasuries will cause an equity bear market,” BoAML’s researchers said.The survey also showed that the sample of 179 managers had their highest net underweight position in US stocks since January 2008. The UK was managers’ biggest underweight relative to the survey’s history.During June, US tech stocks were among the most sold sector: 68% of respondents said US and global internet stocks were “expensive”. A further 12% said the sector was “bubble-like”.Since 2009, technology has been the most popular sector in 80% of BoAML’s surveys, the company said.Managers held an average 4.9% in cash, the research showed, down slightly from 5% in June’s survey. A quarter of those holding higher cash levels said they were doing so because of “bearish views on markets”. The European Central Bank (ECB) is the most likely trigger of a selloff, according to a leading survey of fund managers.Managers told Bank of America Merrill Lynch’s (BoAML) monthly sentiment and positioning survey that the risk of a policy mistake from the US Federal Reserve or the ECB was the second biggest tail risk, after a bond market crash.In addition, respondents said euro-zone equities and EU and US credit were among the most crowded trades, which BoAML said meant the ECB was the “most likely central bank to spark global ‘risk-off’” scenario.BoAML’s researchers said: “The persistent overweight in euro-zone versus US equities could be more bad news for European investors. The three-month average for allocation [to Europe] is above 50% and, at 57%, is a record high. This is often a contrarian signal.”last_img read more

EAC wants Burundi Presidential polls postponed


first_imgA protester runs in front of a burning barricade during a protest against Burundi President Pierre A protester runs in front of a burning barricade during a protest against Burundi President PierreEast African Community ministers negotiating a peace deal in the Burundian crisis now want the presidential elections set for July 15 postponed  by two weeks.to July 30.The council also wants the Burundian government to release all leaders it arrested as a way of encouraging dialogue. Several key national figures in Burundi including the Vice President and the Speaker of Parliament have fled the country as the political crisis continued unabated.The team of ministers and their delegations, including Kenya’s East African Affairs and Trade Minister Phyllis Kandie, want President Pierre Nkurunziza to form a government of national unity that includes Opposition leaders in order to facilitate national healing.East African leaders returned to Tanzania’s capital Dar es Salaam, to yet again try and resolve the political crisis in Burundi.At least 70 people have been killed in two months of protests there, sparked by president Pierre Nkurunziza’s bid to stand for a third term.Burundi’s electoral commission is yet to release results from the recent,parliamentary elections, boycotted by the opposition and internationally condemned as not being crediblelast_img read more