E London Cancel

Protection is weird these days. We are hoping still to hop over the pond for a month to get into real life in London. However, we now learn that despite having been inoculated against Covid-19 back in Jan. 2021 we still need to schedule a test for the virus within 72 hours before boarding our airplane. Then on landing in London we will need to quarantine for 2 weeks according to my nephew the cop, with his colleagues hopping over to our place there to make sure we are not buying groceries or getting a haircut or visiting his parents or new niece. This sounds like belt and suspenders to me, overdoing British protection against American visitors, comparable to the rumors about bleach-covered US chicken exports which the British believe is poisoning them. We are considering delaying our visit till summer. The US Supreme Court is examining the constitutionality of New York's restriction on hidden firearms. Living in New York, I don't want to be shot for the sake of the 2nd amendment.

Business newspaper article

image source

Today's news:

Finance

*Santander was up 2.53% today after announcing that it will do stock underwriting for UK large companies with brokerage Peel Hunt. Terms were not released. It will cover mergers and acquisitions funding and secondary issues, but not initial public offerings, and not bonds which SAN can do solo. This kind of partnership is common in Japan. SAN is now up only 1.75%.

*The new name for the Aviva funds in Britain is ABRDN, a virtual digital brand site. There has been insider selling. We sold new manager Standard Life Aberdeen 2 weeks ago, SLFPY.

*In reply to a reader, I hesitate to buy Crédit Suisse on the dip because there are still more negatives to come as shareholders seek executives to punish for the losses from Archegos and Greensill which ate their dividends.

*Banco Latino-Americano de Comercio Exterieur of Panama is up another 0.41%. BLX.

*CBOE is up 0.75% and close to going into the black. It runs alternative market sites, is owned mainly by institutions (who have to keep below fixed levels of ownership), and was tipped by Value Line.

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There is a new US risk, hack attacks on financial newsletters coming from SEC@inf0.cm, which is NOT the real SEC. Please look out for this as I have just cured an infection signaled by my online ...

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William K. 1 month ago Member's comment

It is important to know that not all EVs also are computer driven! My assertion is that the cost of proven software is high, just ask NASA about that. Those Non computer-driven cars will not be part of that bursting bubble disaster. Think about what it will take to verify a hundred million lines of computer code! And who would want a car that needs a major software recall every week, like the most common OS's on many computers?

Too bad about having to delay the UK visit, my travels, more local, have also been cancelled, certainly a bother, no doubt. My sympathy offered.