Tag Archives: CODES_REVIEWED

Amazon Expands NFL Coverage With Playoff Games | Instant News


Amazon.com Inc.

AMZN -1.99%

have reached an agreement with the National Football League to stream the playoffs this season, said people with knowledge of the matter.

The agreement, which the league disclosed to team owners Wednesday during a video meeting, deepens links between the country’s top sports and online retail and entertainment giants.

Amazon already streams 11 Thursday Night Football matches each year and has been looking to bring in more football on its Amazon Prime Video platform. Amazon renew the Thursday Night Football deal earlier this year the three seasons in the pact were worth at least $ 75 million per year, according to an industry executive with knowledge of NFL media rights.

The terms for the playoffs were not disclosed, but they are significantly higher than the per-game range Amazon pays for regular season games, said someone briefed on the matter.

The game Amazon will broadcast is one of two new “wildcard” playoffs that the NFL is adding to its pascusim schedule, said people with knowledge of the matter. Amazon will share the January 10 games with

ViacomCBS Inc.

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CBS broadcast network and Nickelodeon’s subsidiary channel. CBS Sports paid around $ 70 million for the rights to the game, which will include the ability to stream on its own online platform, according to people with knowledge of the situation.

Comcast Corp..

CMCSA -1.26%

NBC Sports acquired the rights to a second new wildcard game for $ 75 million and will stream the game on the new Peacock platform and run it on its broadcast network.

The Amazon deal comes as the NFL faces one of the most challenging seasons ever. That corona virus has forced the league to move games after players at the Tennessee Titans and the New England Patriots tested positive for the virus. It creates a domino effect across the league a very rare Tuesday night football game this week so the NFL can try to stay on track with the goal of completing the regular season in 17 weeks.

Even though the virus has taken center stage of the league’s attention, the NFL has prioritized it a striking new long-term agreement with its media partners including CBS, NBC and

Walt Disney Co..

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ESPN and have had some preliminary discussions about the deal.

The current agreement still has time remaining. ESPN’s “Monday Night Football” pact expires at the end of the 2021 season and other contracts run until the 2022 season. However, the NFL and its partners usually like to make long-term deals long before the current deals expire.

Although the main TV partner is expected to remain ESPN,

Fox Corp.‘s

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Fox, CBS and NBC, the league in recent years have cut and cut its schedule to increase the number of outlets with the game and create additional revenue streams. That is expected again in the next round of the deal, and there is anticipation that Amazon may negotiate for game streaming on Sunday afternoon, said people close to the talks.

Ratings for this season have dropped slightly from the previous year, which linked league and network officials to heavy news cycles, including the presidential election and the coronavirus. The ratings for the NFL also fell during the 2016 presidential election.

Even with the decline, NFL football still dominates the rankings. Since the season began on September 10, 18 of the 20 most-watched television broadcasts have been NFL games. Only the presidential and vice presidential debates succeeded in breaking the list.

Write to Joe Flint on [email protected]

Copyright © 2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Appearing on October 15, 2020, print edition as ‘Amazon to Stream NFL Playoff Game.’

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United Airlines tackles protracted aviation drought | Instant News


United Airlines Holdings Inc. UAL 0.99% said it was positioning itself to weather a long slowdown in air travel due to the coronavirus pandemic. It was a brutal summer for US airlines. Rising infection rates have triggered new travel restrictions across the country, keeping passengers at home. United chief executive Scott Kirby has been among the most pessimistic about the depth and duration of the crisis, and the airline has flown less than rivals such as Delta Air Lines Inc., DAL -0.03 % American Airlines Group Inc. AAL 1.15% and Southwest Airlines Co. LUV 0.31% throughout the pandemic. The airline said the strategy would help it preserve cash flow for a possible rebound. Chicago-based United reported a quarterly loss of $ 1.8 billion on Wednesday, compared with a profit of $ 1 billion in the same period a year ago. United’s sales fell 78% to $ 2.5 billion. “We are now focused on positioning the airline for a strong recovery,” Kirby said. Airlines and the Coronavirus Crisis Cash has become essential for airlines trying to overcome the most serious memory challenge, with sluggish travel demand and little revenue. United has raised $ 22 billion since the start of the pandemic, including mortgaging its loyalty programs in a $ 6.8 billion debt deal. It also reduced the amount of cash it burns each day to $ 25 million, including debt and severance, from $ 40 million in the second quarter. There are signs that passengers are gradually starting to reenter. The number of people passing through airports reached its highest level since mid-March Sunday. Delta, which on Tuesday reported a loss of $ 5.4 billion, said bookings were increasing for the holidays and for the winter. Still, most predict a full recovery in years, and Mr Kirby said the pandemic will continue to weigh on demand for some time. International travel remains difficult if not impossible for many destinations, and companies are reluctant to resume business travel. United could also face more intense competition at some of its key hubs as travel resumes: Southwest announced this week that it plans to start flights from Chicago’s O’Hare International Airport and the George Bush Intercontinental Airport in Houston next year. One of its main sources of cost savings has been United employees. Some 9,000 employees have agreed to take buybacks, take early retirement or take extended leave without pay. Airlines have been banned from layoffs under $ 25 billion in aid given to them as part of a sweeping stimulus package adopted in March. They lobbied for another round of government aid, but United sacked more than 13,000 workers when the initial aid expired earlier this month without a sure path to receive more. United said it expects to incur a charge of $ 1.1 billion related to downsizing costs, such as severance and other benefits. The charge includes approximately $ 500 million in future cash expenses. United pilots have agreed to a deal to accept lower pay in order to preserve all their jobs until June 2021, which United said would allow them to bounce back faster by avoiding having to rehire and retrain pilots . On an adjusted basis, United reported a loss of $ 2.4 billion, or $ 8.16 per share, below the loss of $ 7.53 per share expected by analysts polled by FactSet. After an unprecedented decline in air travel due to the coronavirus, passenger airlines are forced to make long-term, decisive decisions at a time of great uncertainty and minimal cash flow. So how do they plan to survive? WSJ finds out. Composite: George Downs / The Wall Street Journal Write to Alison Sider at [email protected] Copyright © 2020 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8 Appeared in the print edition of October 15, 2020 under the title “ United Airlines Prepares For Long Drought In Air Travel ”. .



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Australia’s Prestige Lifestyle Property Boom | Instant News


Many wealthy Australians leave the city and head for the hills, or the coast, desperate to find a luxurious hideaway where they can work and play.

Relocation to some of the country’s most desirable regional locations was an unexpected silver lining for the prestige property market after the pandemic resulted in tight lockdowns, country-wide social distancing measures, and a ban on in-person inspections and on-site auctions.

That hasn’t stopped shoppers from hunting for homes online, however, and it has translated into a very active year for many regional real estate agents on Sydney’s north coast, Byron Bay New South Wales North, Victoria’s Mornington Peninsula, Southeast. Queensland and the east coast of Tasmania.

“We were very busy and we didn’t expect it to be in March,” said McGrath Estate Agents Avalon senior sales consultant James Baker of Northern Beaches, 50 kilometers north of Sydney.

“We expect this to be a difficult time here. The last time there was a recession and decline [after the global financial crisis] “Avalon Beach, Palm Beach, Newport markets are very slow,” he said.

More than a decade on, it’s a different story. People have started working from home and change is happening, Baker said, and the pandemic is only accelerating that trend.

Meanwhile, the introduction of more reliable and faster internet services, coupled with acceptance from businesses to enable their staff to work remotely, also helped facilitate the trend.

More: In Australia, Inner Cities Are Reaching New Heights in Luxury Living

“Some people are still looking into whether this will be a long-term thing and there is a bit of uncertainty among our clients. But for the many people who have a vacation home in New York, Greece or closer to home on Hamilton Island in Queensland, they just can’t get it, “says Baker.

“They are very rich and they want to know that they have a place to vacation,” he added. “Everyone is looking for a lifestyle and security.”

North Beach

Increased demand depressed prices in the North Coast region, particularly for properties valued at A $ 3 million (US $ 2.14 million) or more.

Luxury homes such as five bedrooms, five bathrooms are on property Pittwater Road, Bayview, with 180 degree views of Pittwater and Lion Island, was sold in September 2015 for A $ 4.4 million.

Five years later, it is hitting the market again, this time amidst the pandemic. It attracts three offers, and although the sale price is kept secret, Mr. Baker confirmed it sold over the A $ 5.5 million guide price.

Byron Bay

An hour’s flight north of Sydney, or 750 kilometers by car, the southeastern coastal city of Byron Bay is also experiencing some of the most intense buyer action in the country.

Once a sleepy surf town, Byron Bay has changed in recent years and has become a trendy destination for those fleeing the city, and the onset of Covid-19 has only increased the city’s appeal.

Its relaxed atmosphere and beautiful coastline have long been a sought-after destination.

Beachside house on Sea Parade at Wategos Beach entered the market in the last week of September selling in five days for a suburban record of between A $ 20 million to A $ 22 million via LJ Hooker Avnu managing director Michael Coombs.

More: In Melbourne, Tony Suburb of Toorak in Australia, New Two Floor Penthouse

This beachfront house at the Marine Parade on Wategos Beach hit the market in the last week of September and sold out in five days.

LJ Hooker Avnu

The seller, co-founder of recruiting firm Morgan & Banks, Geoff Morgan and his wife, Ros, purchased the 664-square-foot beachside site for A $ 1.2 million in 1994, according to sales records, and built four individually designed bedrooms. architectural, four bedrooms. – resort style bathroom vacation homes.

SQM Research data shows Byron Bay property listing inventory is at its lowest point in the past decade with only 128 properties for sale as of August 30. The number of rental properties in the area has also plummeted, with vacancy rates falling to 0.5% in August. from a high of 7.5% in July.

Queensland

Across the border in Queensland, prestigious homes and apartments at popular holiday destinations like Noosa Heads have achieved higher-than-expected prices, plenty of offers and significant interstate interest.

Century 21 managing director David Conolly stressed strong foreign, interstate and local interest.

“We don’t have everyone here [due to border restrictions], but we’re still selling everything we can get, ”he said.

The Queensland border remains closed to anyone who has been at the Covid-19 hotspot in the past 14 days. Today, all of New South Wales and Victoria are hotspots.

“Noosa has been put on the map as a place to live and raise your family,” said Mr. Conolly “Covid has pushed our premium market forward significantly.”

In the last week of September, two apartments were sold for about A $ 3.5 million without entering the open market, and the waterfront house on Mossman Court at Noosa Heads sold for A $ 6.4 million at the end of August after 150 inquiries.

Victoria Mornington Peninsula

Online traffic shows that the most viewed Australian properties in 2020 are lifestyle homes with a wow factor in highly desirable locations whether on the coast or mountains.

Search activity data from realestate.com.au has confirmed that the trend among home buyers is for luxury homes in aspiring lifestyle locations.

REA Chief Economist Nerida Conisbee said those who are not attached to a central lifestyle for work prioritize lifestyle.

That means areas like the Central Coast and Southern Highlands in NSW – a 90-minute drive north and south of Sydney each – regularly appear at the top of this year’s search activity, alongside properties on Victoria’s Mornington Peninsula.

More: Australian Entrepreneur John Symond Sells ‘Hasna’ Superyacht

RT agent Edgar Flinders Peter Kennett has worked in the industry for more than three decades and five years ago bought a house on the Mornington Peninsula for himself.

“Even 10 years ago, this area caught my eye for all the right reasons,” said Kennett. “I come from the ground, and I do a lot of horse competitions. I also love wine, good restaurants and golf. “

Melbourne

Melbourne has experienced a tighter lockdown than any other city in Australia, with two periods of particularly strict movement, curfews and social distancing measures imposed in March and July when cases spiked a second time.

There isn’t much that can be done to stop wealthy shoppers seeking refuge in the area, which Mr Kennett describes as “Victoria Byron Bay” with its coastline, world-class wineries, restaurants and a myriad of golf courses.

“You talk to people who have vacation homes here, and they are now thinking about making this permanent, how they can work remotely,” he said.

More: Pumpkin Island, A Remote Property Outside Australia, Gets Market For The Second Time

“We have a mix of age groups, couples and families in their 30s and 40s who decide that there is a good education here and a lifestyle that allows them to easily go to Melbourne to work or see family,” said Kennett.

As the number of Covid-19 cases has decreased and restrictions on movement have begun to be lifted, Kennett predicts October and November will be busy. Within a week of relaunching a marketing campaign to sell his 28-acre private boutique vineyard and mansion on Rogers Road in Boneo, it is offered.

Mr Kennett said the sales campaign had been temporarily suspended after outright inspections were banned but within four days of resuming marketing on October 1, three offers had been made and the property sold well above the A $ 6.5 million to A $ 7.15 million guide price.

The mansions on Rogers Road in Boneo sell for well above the price guide.

RT Edgar Flinders

Tasmania

The closure of the border to Tasmania has been both a blessing and a curse for the real estate industry.

The border has been closed to all non-essential travelers since March, with buyers from the mainland turning to online viewing via digital means.

The state government’s handling of the pandemic, along with its natural beauty, makes Tasmania more attractive than ever to city-shakers looking for a regional lifestyle escape.

Knight Frank’s agent Rodney Rawlings has seen tremendous online interest in the luxury properties atop the cliffs Tasman Highway, Four Mile Creek, 150 kilometers east of Launceston, with an estimated price of A $ 2 million.

He fielded inquiries from mainland Australia as well as the local population and hoped for a border opening, which could potentially occur in December, to lead to an investigation, if it had not been sold by then.

“Tasmania is a safe haven, and because we have performed so well during the pandemic, it will become a real draw when the borders open,” said Rawlings.

This article was originally published on Mansion Global.

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This is what 710 years of Italian bond market data show about the ‘rate of destruction’ of the central bank | Instant News


Italian 10-year results
TMBMKIT-10Y,
0.680%

and 30 years
MBMKIT-30Y,
1,529%

debt fell to a record low on Monday.

As this chart from Deutsche Bank shows, the yields on Italy’s 10-year are lower than before Italy became a country. Deutsche Bank strategist Jim Reid installed proxies for Italian debt, such as those of Napoli, to map pre-1861 data. (There was also a gap in the 1700s data series.)

He also mapped debt-to-product-gross-domestic, showing the Italian economy with an all-time low ability to pay off that debt.

Monday’s move came after the European Central Bank’s chief economist gave an interview that suggested the central bank could take further action. Among the ECB’s stimulus measures so far have been the purchase of government debt from countries including Italy, through the pandemic emergency purchase program.

“Is the ECB permanently squeezing yields and spreads or is there more twists and turns to this story over the years to come? I will lean towards the latter but for now Italian politics and their control of the second wave act as a strength and not a weakness, “said Reid.

David Stockman, a former Reagan-era budget director and keen critic, looks at the same chart and releases this brief but disappointing analysis: “when central banks destroy interest rates, politicians bury their governments in debt.”

The current explosion of debt to GDP occurs because GDP has fallen drastically. The Italian economy shrank by 18% year-on-year in the second quarter.

Italy has also issued more debt. According to Italian bank Intesa Sanpaolo, Italy is expected to issue € 177 billion in net new debt in 2020, compared to € 54 billion in 2019.

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As coronavirus infections increase in Europe, travel restrictions also increase | Instant News



Even as the thicket of travel restrictions across Europe grows, the European Union seeks to support a coordinated regional approach that would make it easier for would-be travelers to understand the increasingly complex rules. Brussels offers common criteria and thresholds for deciding travel restrictions and a system that uses a color-coded map to indicate infection levels in various countries. EU officials will discuss the proposals this week at a summit. Any such program would be voluntary, as decisions on Covid-19 travel restrictions are up to each country. Relaxing travel restrictions this summer has helped the European economy and partly saved the tourist season which is critical in countries like Spain. Photo: emilio naranjo / Shutterstock EU leaders are keen to make travel restrictions easier to understand as the confusing patchwork of restrictions has kept some potential travelers from crossing borders, hampering the region’s economic rebound. Other regions are also looking for ways to open at least limited travel without causing an increase in infections. Asian governments have embarked on long and complex negotiations to establish travel corridors between their countries, but talks have in many cases failed over details such as tests and quarantine protocols. US officials are looking for a way to open up travel between New York and London, a key route for tourism and business. The easing of restrictions this summer has helped the European economy and partly saved the tourist season which is critical in countries like Italy and Spain. But it has also contributed to a huge increase in the number of infections. Countries like the UK, France and Spain are now seeing confirmed infections close to or above figures from last spring. The tests, however, are much more extensive now and catch more infections than during the first wave. Highs and lows Infection rates vary widely across Europe, posing a challenge for policy makers. Cumulative 14-day Covid-19 cases per 100,000 population in some countries Air travel in Europe began to rebound in June with the lifting of national lockdowns. The recovery in travel peaked in mid-August in most countries and has since fallen sharply. According to data from Citigroup, the number of flights in Europe in the week to October 4 was almost two-thirds lower than in the same period last year, compared to declines of 46% in the United States and 33 % in the Asia-Pacific region. Most of Europe is still off-limits to tourists from the United States, although in many countries, including Italy and France, exchange students are allowed. They must quarantine upon arrival. Efforts to identify and quarantine those infected upon arrival could be in vain as many experts say most current transmissions are not from cross-border travelers and instead relate to socializing young people and large gatherings such as the marriages. “Restricting arrivals from abroad is not an effective containment method when you are faced with a rampant pandemic like the one we are currently seeing in most of Europe and the rest of the world,” said Enrico Bucci , a systems biologist at Temple University who studies epidemics. “When a country is virus-free or almost virus-free, closing borders is worth considering because it can be effective.” In France, which is struggling to contain one of Europe’s biggest epidemics, tourists can enter other EU countries and places with low infections, such as Canada and Australia. Tourists from most other countries are prohibited, but people traveling for work or other reasons are allowed in if they test negative for Covid-19 less than 72 hours before boarding the plane or at the airport upon arrival in France. Tourists can enter France from most other countries of the European Union. Photo: Mehdi Taamallah / Zuma Press In August, Italy introduced mandatory on-arrival screening for people coming from Spain, Malta and Croatia and then added large parts of France. Italy last week expanded the list to include the UK, the Netherlands, Belgium and the Czech Republic. These countries have between 157 and 263 confirmed infections per day per million population, compared to 38 for Italy, according to the European Center for Disease Prevention and Control. Italy has blocked all arrivals from around 20 countries, including Bangladesh, Brazil and Serbia. SHARE YOUR THOUGHTS Will the EU’s actions be effective in limiting the spread of Covid-19? Why or why not? Join the conversation below. In the Netherlands, people returning from countries with moderate infection should be quarantined for 10 days. Government officials, athletes and journalists are exempt. In Belgium, travelers from countries with a high level of infection must be quarantined for seven days, with the obligation to be tested on the fifth day. They can only end their quarantine when they test negative. The EU wants member countries to use common criteria when deciding whether to open or close their borders. The criteria include the cumulative number of new infections per 100,000 people over a 14-day period and the percentage of positive tests over a seven-day period. The color-coded EU map would use green to indicate countries that have a low number of daily infections and the percentage of positive tests is less than 3%. The map would use orange and red to indicate higher rates and gray for countries that do not provide enough information or do not do enough testing. In June, the UK imposed a 14-day quarantine on all people entering the country, but the following month lifted the rule for arrivals from 75 countries and territories. This listing does not include the US tour group A London in August. In June, the UK imposed a 14-day quarantine on all people entering the country, but the following month lifted the rule for arrivals from 75 countries and territories. Photo: tolga akmen / Agence France-Presse / Getty Images Since the end of July, the UK has gradually reintroduced quarantine requirements for arrivals from a number of European countries, with a few exceptions such as Italy, Germany and Sweden. People coming from these countries must declare where they have been and where they are going to isolate themselves. Exceptions include diplomats, truck drivers, and civil aviation workers. Britain’s Transport Department said on Wednesday it had set up a task force with the aim of enabling a safe return to travel around the world, including reviewing a testing regime for international arrivals and whether travelers could self-isolate before departure. —Stephen Fidler, Matthew Dalton and Valentina Pop contributed to this article. Write to Eric Sylvers at [email protected] Copyright © 2020 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8.



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