Rising US prices Fed chief is dampening Inflation concerns

Status: 23.06.2021 9:39 a.m.

The head of the US Federal Reserve sees the reason for the current high inflation primarily in the recovery of the economy. The unexpectedly strong effects would soon fade, Powell said.

By Torsten Teichmann, ARD studio Washington

The demand in many industries is greater than the supply, meanwhile the prices for raw materials in the USA are rising, employers are having difficulties filling positions: All these effects of the economic upswing at the end of the corona pandemic are stronger than assumed, the head of the Federal Reserve (Fed), Jerome Powell, granted. Nevertheless, there will be no inflation, as in the 1970s, Powell said at a hearing in the US House of Representatives. “These factors will fade over time and we will get back to where we want to go. We are watching this carefully,” he said.

Interest rate hikes planned for 2023

The goal is an inflation rate of just over two percent. In May there was inflation at five percent . The Fed announced last week by the end of 2023, the key interest rate is expected to be increased in two steps to want. But in the short term it remains in the range between 0 and 0.25 percent. Powell had to defend his monetary policy at the hearing in the House of Representatives. Republican MP Steve Scalise accused a visibly annoyed Fed chief that the cheap money policy was harmful to hard-working families.

Steve Scalise criticized Fed policies as harmful to families. Image: REUTERS

Powell replied that lower income groups in particular have not yet benefited from the upswing in the United States. “Real incomes at the lower end of the spectrum are stagnating compared to those at the top,” he said. “Mobility across all income groups has decreased in the US and is now behind that in most other industrialized countries.”

Fed expects economic growth of 6.5 percent

These differences would hold back the US economy and the country as a whole. And that although the Fed is currently assuming that the US economy will grow by 6.5 percent this year with the help of the government’s trillion-dollar stimulus packages

The most recent study by British American Market Research and Consulting Company (AMCO) – an expert in consumer behavior survey with 27 years of experience – has provided startling figures. : 80.6% of Vietnamese mothers surveyed said that their children had problems with milk incompatibility, of which nearly 97% had 1 in 5 common signs of milk incompatibility: constipation, diarrhea, vomiting, intolerance. Drink milk and don’t gain weight. Surveys on the issue of children not suitable for milk make many mothers interested. This result has attracted the attention of parents: many mothers expressed concern when they ignored these signs of incompatibility with their children’s milk, many also expressed concern when choosing milk for their children. Modern mothers always want the best for their children, so they are very strict in the criteria for choosing milk and often favor foreign milk because they believe in international quality. However, the sharing of nutritionists made them realize that the most important criterion is still milk compatibility. TS.BS Truong Hong Son – Deputy General Secretary of the Vietnam General Medical Association, Director of the Vietnam Institute of Applied Medicine – explains how to choose milk for children: “ Depending on the energy needs and physical condition of children at different ages, we will choose the right milk. When children are under 2 years old, breast milk is most important. But when babies enter the age of weaning, they need to add another source of nutrition, in which formula is the ideal food after breast milk. Therefore, it is very important to provide milk according to the age and nutritional status of the child .” Choosing the most suitable milk for children is always a concern of Vietnamese mothers. Doctor Nguyen Thi Ngoc Huong – Deputy Director of the Nutrition Research Institute of Ho Chi Minh City. Ho Chi Minh added: Vietnamese children have very different physical conditions from foreign children: micronutrient deficiencies are common and rates of stunting are high. We need breakthrough nutritional solutions that meet this specific condition to help Vietnamese children grow optimally. .” Answering mothers’ concerns with nutritional products from Sweden, for Vietnamese children trẻ Understanding the concerns of parents, Nutifood has continuously researched for the past 20 years, giving birth to nutritional solutions to help raise Vietnamese stature. From the background of understanding the specific health and nutritional needs of Vietnamese children, Nutifood has collaborated with leading European experts at the Swedish Nutifood Nutrition Research Institute – NNRIS, applying the most advanced science. . The result of this cooperation is the new Famna product – 100% made in Sweden, specially made for Vietnamese children. New Famna – Swedish nutritional quintessence, specially formulated for Vietnamese children. Famna owns the FDI (Foundation Of Digestion & Immunity) formula, exclusively developed by the Swedish Nutifood Nutrition Research Institute – NNRIS. The duo of nutrients HMO and FOS / Inulin are combined in the perfect ratio to help build strong resistance – Good digestion, which is the most important foundation for children to absorb nutrients well, thereby developing comprehensively. The product is also supplemented with 100% DHA from pure algae, and a set of brain nutrients such as ARA, Linoleic Acid and Alpha Linolenic, Taurine, Lutein, Choline, Iodine, Iron to help children develop outstanding brains. Famna helps build strong resistance – good digestion, activate and optimize the potential of the child’s physical and mental development. Famna is the first product line of Nutifood Sweden, produced 100% in Sweden – the country known as the cradle of the world’s high-standard milk line, using pure ingredients from Europe. The entire production process is automated, closed, and meets top quality standards such as ISO 22,000, FSSC 22,000. Vietnamese mothers can rest assured that their children have Famna – the European standard nutritional solution, 100% made in Sweden, specially formulated for Vietnamese children. Famna not only “fits” the baby but also helps to build strong resistance, good digestion, tall, smart, complete physical and intellectual. From June 4, 2021, the first 1,000 orders of Famna 4 – 850g will receive Platinum membership privileges: ● 2 boxes of Famna 180 ML ready-made nutritional milk ● 1 package of nutrition counseling worth 600,000 VND from the Pediatric Nutrition Clinic of HCMC. HCM – NRI (maximum 4 times/year) ● Voucher 200,000 VND when buying Famna 4 – 850g on Nutifood Sweden website within 3 months from the date of card activation. ● Free home delivery when buying Famna on Nutifood Sweden website for 3 months from the date of card activation. ● Apply special promotions for Famna members only. 100% manufactured in Sweden, applying the quintessence of European nutritional science, the new Famna with a special formula for Vietnamese children from the Swedish Nutifood Nutrition Research Institute – NNRIS will be the solution to help parents lighten the burden. worry that the baby does not like milk.

One of the ways to eliminate the worry of large legs for women is not to choose pants that are too tight. Tight, light-colored designs make the wearer look overweight. Bella Hadid is one of the most beautiful models in white pants. She exudes a sophisticated look when pursuing a retro image, coordinating with gold accessories. In the newly released collection, fashion houses actively promote white pants. The design can be easily combined with a variety of styles. To stay stylish, there are a few materials women should keep in mind when choosing to buy white pants. White jeans Jeans are one of the classic designs of women. It is often used by girls to coordinate daily clothes. The pants model gives a sense of style but no less personality. High-waisted, flared white jeans are being actively promoted by fashionistas. White jeans bring a dynamic and personality to the wearer. Photo: @naomiroestel, @miasweetiee. The design blends well with all colors and shapes. Besides, it can create balance when combined with colorful tones. In addition, women do not need to worry about choosing shoes. The models of white jeans are not picky about accessories. You can combine it with sneakers or high heels. Trousers In addition to using white jeans to create stylish clothes, women can consider casual pants. The design feels elegant and modern. Combining white casual pants with a black shirt is a popular formula. Meanwhile, adding nude pointed toe heels will create a neat and aristocratic outfit. Nude toe shoes and white casual pants create an elegant ensemble. Photo: @pepamack. Leather pants Sina find that white leather pants are easier to wear than black if you know how to mix them. The design feels comfortable, not too strong like the dark color. Stylist Pernille Teisbaek chose to combine white leather pants with an oversized blazer and turtleneck sweater. Meanwhile, stylist Oumayma Elboumeshouli combined pants and a leather jacket of the same color. White leather pants are said to be easier to coordinate than black tones. Photo: Styledumonde, @oumaymaboumeshouli. Knitted material In 2020 and 2021, knitwear becomes popular. Therefore, white pants made from this material are popular with female stars. Kylie Jenner shows off a stylish look when wearing a ton-sur-ton outfit. In addition, the design feels stretchy and comfortable for the wearer. During pregnancy, knitted white pants were Elsa Hosk’s favorite design. The white cardboard suits create a cool feeling, suitable for summer. You can pair it with black-tone sunglasses or gold-tone jewelry. Knitted material makes the wearer feel comfortable. Photo: Sina.

On April 11, some media reported that Guo Xudong, the former “first sister of the China Securities Regulatory Commission”, had officially joined Wuhan Modern Technology Industry Group Co., Ltd. (hereinafter referred to as Modern Group), one of the largest private enterprises in Hubei, and served as the vice chairman of the board. .

Prior to this, Guo Xudong served in the China Securities Regulatory Commission for 21 years, and was in charge of the IPO issuance review work in the Issuance Department for many years, and served as a five-term issuance review committee. In August 2019, Guo Xudong was revealed to have submitted his resignation to the Securities Regulatory Commission. Since the identity of the supervisory cadre is more sensitive, Guo Xudong’s whereabouts have been confusing. However, in September last year, a report on the official website of Contemporary Group Sun Company accidentally revealed Guo Xudong’s next stop.

The joining of Guo Xudong also makes Contemporary Group and founder Ai Luming become the focus of market attention. Accompanied by arduous entrepreneurship and dazzling capital operations, Dangdai Group started from a small research institute established in 1988 with a start-up capital of 2,000 yuan, and finally grew into one of the largest private enterprises in Hubei with multiple listed companies and 100 billion assets. One. However, cross-industry operations and a large number of mergers and acquisitions activities have also made Modern Group’s goodwill and debt high, and internal troubles are deeply hidden. Now that Guo Xudong’s arrival can help Contemporary Group to eliminate financial “hidden worries”, perhaps it is particularly worthy of attention.

In the past, the “first sister of the trial” joined the contemporary group

Guo Xudong is no stranger to many listed companies. According to public information, Guo Xudong served as a member of the 9th, 10th, 11th, 17th, and 18th issuance review committees, and he can be described as a “five dynasty veteran.”

In 2007, Guo Xudong’s name appeared for the first time on the list of the Issuance Examination Committee of the China Securities Regulatory Commission as a part-time member, and was re-elected as a part-time member of the Issuance Examination Committee in 2008 and 2009. In 2010, Guo Xudong temporarily left the front line of IPO review, and has since served as Deputy Inspector and Deputy Director of the Non-listed Public Companies Department of the China Securities Regulatory Commission and Deputy Director of the Public Companies Department of the China Securities Regulatory Commission. After seven years away from the front-line issuance review work, Guo Xudong returned to the issuance review committee again in September 2017. At this time, her position was the deputy director of the issuance supervision department of the China Securities Regulatory Commission and ranked first on the list of the issuance review committee. Because of its professional skills and strict requirements on investment banking business, it is known by the market as the “iron-clad issuance review committee” and the “IPO gatekeeper”.

However, in early August 2019, it was reported that Guo Xudong had formally submitted his resignation to the Securities Regulatory Commission and was approved in September of the same year. However, it was not until July 2020 that the China Securities Regulatory Commission officially released an announcement to remove Guo Xudong as a member of the 18th Issuance Examination Committee.

Due to the sensitive identity of the supervisory cadres, Guo Xudong’s whereabouts after leaving his post has attracted much attention from the market, but it has always been an unsolved mystery. During this period, there were many rumors that it would accept the invitation of the brokerage company to “go into the sea”, but to no avail. It was not until September last year that Guo Xudong’s next stop was revealed in a news report by a Sun company under the Modern Group.

On September 11, 2020, the official website of Yichang Sanxia Pharmaceutical Co., Ltd. published a report titled “Leaders of Contemporary Group and Renfu Pharmaceutical Group Investigating Neomycin Sulfate Industrial Base”, which mentioned On August 18, Guo Xudong, Vice Chairman of Contemporary Group, and other senior executives went to the company’s factory for investigation. It is reported that Sanxia Pharmaceutical is a wholly-owned subsidiary of Renfu Pharmaceutical, a subsidiary of Modern Group. According to recent media verification, Guo Xudong in the news report is the former “first sister of the Issuing Examination Committee” Guo Xudong. However, the above report has been taken down by it.

What’s interesting is that, unlike the previous regulatory officials who usually went to the sea to devote themselves to financial institutions such as securities firms and funds, Guo Xudong’s choice seemed a bit “alternative.” Some analysts said that this may be due to its three-year “circumvention period” transitional arrangement, and other arrangements may be made once the “circumvention period” has passed.

“Buy Out” Wuhan Contemporary Department

Regardless of whether Guo Xudong’s joining is a temporary act or a long-term act, this has undoubtedly made Contemporary Group the focus of market attention.

As one of the largest private enterprises in Hubei, Contemporary Group is strong. According to the 2020 Hubei Top 100 Private Enterprises List released by the Hubei Federation of Industry and Commerce in October last year, according to the 2019 revenue ranking, Contemporary Group ranked ninth in Hubei Province. According to the official website of Modern Group, as of September 30, 2020, the total assets of the group have exceeded 100 billion yuan.

Behind the hundreds of billions of assets is the dazzling capital operation of Contemporary Group. To a certain extent, the development of Contemporary Group can be said to be a history of mergers and acquisitions.

In 1988, the founder Ai Luming and six Wuhan University alumni registered and established the Institute of Contemporary Biochemical Technology in Hongshan District, Wuhan with 2,000 yuan. The main business is to extract urokinase from urine and export it to Japan. This is also regarded as Ai Luming and his The starting point for the fortune of Wuhan Modern Group.

In 1993, Ai Luming and others established Wuhan Contemporary Technology High-tech Industry Co., Ltd. (hereinafter referred to as “Contemporary Technology”). Four years later, Modern Technology successfully landed on the capital market. This is today’s “Human Welfare Medicine”, and it is also the first listed company under the Modern Group.

After accumulating a certain amount of capital in the medical field, the contemporary group began to expand its territory through various capital operations, and gradually accelerated its deployment in the textile, real estate, tourism, cultural and sports, financial and other fields, and a huge “contemporary” empire in Wuhan is about to emerge.

In 2010, Modern Group spent 900 million yuan to bid for a 36.77% stake in Anhui Huamao Group, and indirectly held shares in its listed company Huamao, and entered the textile industry.

In the same year, Dangdai Group held 5.818 million shares of Sante Ropeway through the transfer of Wuhan Optics Valley Ventures, becoming the third largest shareholder of Sante Ropeway and stepping into the tourism industry. In 2013, Dangdai Group increased its shareholding ratio from 4.85% to 10.5% through participation in Sante Ropeway, second only to 11.71% of the largest shareholder, and only one step away from holding Sante Ropeway. Unexpectedly, a “Cheng Yaojin” came out halfway, and then the three special ropeway was raised by Meng Kai, the actual controller of the situation in Hunan and Hubei. After fierce competition, contemporary technology finally won. At the end of 2013, Modern Technology increased its shareholding by subsequent increase, and its total shareholding ratio with those acting in concert rose to 14.82%, becoming the largest shareholder, and finally taking the controlling stake in Sante Ropeway.

In May 2015, Dangdai Group signed a capital increase agreement with Xinxing Hanyi, the largest shareholder of Daobo Co., Ltd. (renamed Dangdai Mingcheng in May of the following year, now Dangdai Style), and Dangdai Group invested 300 million yuan to subscribe for the new registration of Xinxing Hanyi Capital. After the capital increase is completed, Dangdai Group becomes the controlling shareholder of Daobo Co., Ltd. to deploy the cultural and sports industry. In addition, Modern Group also indirectly holds shares of Tianfeng Securities through Renfu Medicine, and it is involved in the financial industry.

In fact, the above is just the tip of the iceberg of contemporary group investment and merger cases. According to the company’s data, the number of companies directly controlled by Contemporary Group is as many as 609, and the number of companies indirectly holding shares is as high as 1,000.

Under hidden worries, refinancing frantically “tonic blood”

Modern Group, which operates and manages many subsidiaries across industries, also has internal worries. The impairment of goodwill caused by a large number of mergers and acquisitions in the past few years has been the first to bear the brunt.

Take Renfu Medicine, the core asset of Contemporary Group, as an example. In 2018, the company had a net loss of 386 million yuan due to a provision of 3.561 billion yuan in asset impairment losses. As of the end of the third quarter of 2020, Renfu Pharmaceutical still has 3.408 billion yuan in goodwill, which is more than three times the net profit of 1.044 billion yuan in the first three quarters of last year.

At the group level, as of the end of the third quarter of 2020, The scale of Goodwill of Modern Group dropped by nearly half compared with the same period of the previous year, but still 4.171 billion yuan, accounting for 8.95% of non-current assets, more than three times the net profit of 1.213 billion yuan in the first three quarters of last year, facing a larger business Reputation impairment risk.

In addition to the high reputation of goodwill, the debt problem of the contemporary group has also been criticized. As of the end of the third quarter of 2020, Modern Group’s total assets were 100.329 billion yuan, total liabilities were 68.186 billion yuan, and the asset-liability ratio was 67.96%, an increase of 2.21 percentage points from the same period last year. The core asset Renfu Medicine also has a heavy debt burden, and the debt-to-asset ratio continues to rise. As of the end of the third quarter of last year, Renfu Pharmaceutical’s total liabilities reached 24.95 billion yuan, exceeding the annual figures for 2018 and 2019, and the debt-to-asset ratio further rose to 71.4%.

At the same time, the poor performance has cast a shadow over Renfu Pharmaceutical’s reduction of its asset-liability ratio. In the first three quarters of 2020, the company achieved operating income of 14.8 billion yuan, a year-on-year decrease of 7.81%; net profits attributable to shareholders of listed companies were 613 million yuan, a year-on-year decrease of 17.83%.

It is worth noting that as of March 10 this year, Renfu Pharmaceutical’s controlling shareholder, Modern Group pledged approximately 388 million shares, accounting for 79.93% of the total number of shares in the company. Nearly 80% of the holdings of the controlling shareholder have been pledged, which shows that the company’s use of funds is relatively tight.

In addition, the performance of several other listed companies under the contemporary group is also lackluster. In 2020, the revenue of Sante Ropeway plummeted by more than 40% year-on-year. Due to the transfer of the equity of 5 participating and holding companies during the reporting period, the company’s net profit surged 150% last year, but after deducting non-recurring gains and losses, it was at a loss, with a net loss of 160 million yuan. Another listed company, Contemporary Style and Sports, turned profits into losses last year, with an estimated net loss of 1.55 billion to 1.95 billion yuan.

In this context, in recent years, Human Welfare and Pharmaceuticals has continuously stripped off non-core assets, accelerated the withdrawal of funds, and optimized the asset structure. The contemporary department’s demand for “blood supplementation” through refinancing activities has become more urgent. Therefore, for the refinancing and other capital operations of contemporary listed companies, the joining of Guo Xudong, who has rich contacts and professional experience, appears to be “just in time” and has a different meaning.

According to incomplete statistics, in the past year or so, before and after Guo Xudong joined the Modern Group, Modern Group and its listed companies have conducted at least four refinancing activities, raising a total of more than 2.5 billion yuan.

If you take away all dead skin, replace rough skin with a youthful and smooth white skin, then fresh milk provides beneficial fats, proteins, vitamins and minerals that help nourish skin cells. healthy, bright, full of life.

Illustration.

Resources:

3 tablespoons red bean powder

3 spoons

How To: Mix red bean powder and unsweetened fresh milk to create a smooth, smooth mixture. Take a shower, then use the mixture just processed to apply all over the face, which can be combined with a gentle massage to help the skin absorb nutrients more easily. After 15 minutes, take a bath again. Use it 3 times a week, you will surely be surprised by the results.

Mistakes when masking should be avoided

Every day I wear a mask

Many of you abuse the mask, apply it every day, even a day to cover many times, so it is very unscientific. Really should only apply the mask 2 to 3 times a week and only leave it for 15 to 20 minutes. After applying, you should rinse your face with warm water, massage gently so that nutrients can penetrate deeply into the skin.

Use a thin, thin mask

Sometimes because you are economical, you wear very thin masks. This causes the skin to be unevenly cared for. Nutrients that have not yet penetrated the skin will dry out. Apply a thicker mask will make skin temperature increase, promote blood circulation, making nutrients, in the cells absorb and diffuse better than the thin application. The temperature on the surface of the skin increases causing the pores to expand to push the waste out to help the skin reduce acne. Vitamins and proteins on the surface of the skin will “penetrate” deeply into the skin epidermis to help smooth, smooth skin.

Many Afghan women are worried about the news of the US withdrawal from the country. (Source: Guardian)

US officials said on April 13 that President Joe Biden plans to withdraw 2,500 of the country’s remaining soldiers from Afghanistan by 9/11, a 20-year milestone since the date of the terrorist attacks. father al Qaeda in America, triggering the longest war ever for Washington.

The obsession cannot go to school

According to the sheet Guardian, many girls are enjoying the joy of going to school, comfortably communicating with friends who are deeply frustrated to learn that the Americans are leaving and that the Taliban may return soon.

Basireh Heydari, a student at Herat University, said: “The Americans are leaving. We have bad days ahead with the Taliban. I’m worried that they won’t let me out of the house, let alone what I’m doing right now.

For generations, Afghan girls and women have not enjoyed the simple happiness of going to school. Most of Heydari’s mother-generation women were banned from school. And Heydari and her friends fear they are taking the final exam in their life.

Heydari confided: “I have only one wish, that is to complete my studies and of course work. But with the Taliban strengthening, I don’t think I will achieve my dream.

Although full of worries, Heydari also hopes to have another choice. For example, if the Taliban did not allow her to go to school with male students, they would be willing to take women’s classes.

But Salma Ehrari, an economics student, is skeptical: “The Taliban are using technology, have a Twitter account but they have the same thoughts as 20 years ago. I won’t be able to go to school ”.

Afghan President Ashraf Ghani on April 14 said the country’s forces “have enough capacity” to defend the country. The statement came after US President Joe Biden decided to withdraw his troops from Afghanistan before 9/11/2021.

In areas where the Taliban are gaining control, the situation is even worse. The reporter Atifa Alizadeh is being asked to temporarily quit her job due to safety concerns.

At least eight journalists have been killed in the country in the past six months, as part of a wave of attacks targeting media workers and activists.

Basireh Safa Theri, a social activist who was lucky enough to go to school after the fall of the Taliban. She is closely monitoring negotiations between the national government and the Taliban after international forces have left. However, the Afghan peace process is still at a standstill as negotiations between the Afghan government and the Taliban in the Qatar capital, Doha, stall.

“They are negotiating every day but unfortunately there is no word about women’s education. They just talk about power ”.

America failed, Taliban prevailed?

Afghans fear that as the US and its allies withdraw from Afghanistan, tensions between the national government and the Taliban will intensify.

According to UN statistics, violence against civilians, especially women and children, has not declined in the past year. The Taliban’s control in Afghanistan is seen to be greater than at any time in the past two decades, raising doubts about the ambiguous effectiveness of the continued foreign military presence in the country.

On April 14, Director of the US Central Intelligence Agency (CIA) William Burns told the US Senate Intelligence Committee: “When the US military withdraws, the ability to collect (intelligence) and operate US action against threats will diminish. That is simply the truth. “

According to analysis of the sheet National Interest, with the US announcing its withdrawal, the United States finally conceded defeat in its longest war and surrendered to the Taliban rebels.

It is argued that the Taliban had the upper hand in this persistent war. They think the Taliban have achieved exactly what they want: the moment the last US troops leave Afghanistan, nothing will stop the Taliban from taking over the country, a goal that forces This has been fighting since being taken down in 2001.

This is a worrying development, especially when it is realized that recently the Afghan government has only controlled about 30% of the country’s territory (down sharply from 50% in 2018), while the The remaining land is still disputed and is likely to be appropriated.

That is a sign that the Afghan government is losing control of the country and the Taliban are reviving.

Therefore, it is quite easy to explain why Heydari and many of her friends are so confused about the way ahead.

(synthetic)