Monday, December 26, 2022

December 26, 2022 - BOJ Kuroda dismisses near-term chance of exiting easy policy By Reuters

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TradeBriefs Editorial

From the Editor's Desk

What is 'Shrinkflation'?

If it feels like there are fewer chips in your Doritos bag these days, you're not imagining things. There are, and it's all thanks to a pesky and enduring business practice known as "shrinkflation." Here's everything you need to know:

When the cost of doing business goes up, one way companies compensate is by shrinking package and product sizes without actually lowering prices — meaning consumers are paying the same or more but getting less. It's a phenomenon dubbed "shrinkflation," and it's essentially "the inflation you're not supposed to see," per The Associated Press. While the practice is usually common in times of rising prices, "we happen to be in a tidal wave at the moment," shrinkflation expert Edgar Dworsky told AP, as manufacturers work to "balance" the increased costs of gas, labor, and supplies against sales and profit, he added in a separate conversation with The New York Times.

Continued here


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Kathy Whitworth, Winningest Golfer In History, Dies At 83
Kathy Whitworth, Winningest Golfer In History, Dies At 83
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Markets and the Christmas holiday
Markets and the Christmas holiday
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Twitter Restores Suicide Prevention Hotline Link After Disappearance Sparks Backlash
Twitter Restores Suicide Prevention Hotline Link After Disappearance Sparks Backlash
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US storm: freezing week ahead with dozens of lives lost so far
US storm: freezing week ahead with dozens of lives lost so far
Storm-related deaths were reported in recent days all over the country: 12 in Erie County, New York, ranging in age from 26 to 93 years old, and another in Niagara county where a 27-year-old man was overcome by carbon monoxide after snow blocked his furnace; 10 in Ohio, including an electrocuted utility worker and those killed in multiple car crashes; six motorists killed in crashes in Missouri, Kansas and Kentucky; a Vermont woman struck by a falling branch; an apparently homeless man found amid Colorado’s subzero temperatures; and a woman who fell through Wisconsin river ice.




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UK retailers face quieter Boxing Day amid cost of living crisis
UK retailers face quieter Boxing Day amid cost of living crisis
However, the expected tricky start to the post-Christmas sales will pile more pressure on retailers already suffering from a lacklustre winter hit by transport and postal strikes, snow and soaring bills for energy and food which have limited spare cash for spending on presents and treats.


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Australias tourism body wants to lift working holiday visa age limit to 50
Australias tourism body wants to lift working holiday visa age limit to 50
"We certainly wouldn't want to make life any more difficult for the agricultural sector, we're simply raising it as a thought process ... [for] other sectors that similarly had skills shortages who could be included in this structure."


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Labour calls for toughening of Hunting Act and vows to close loophole
Labour calls for toughening of Hunting Act and vows to close loophole
A UK government spokesman said: "The Hunting Act 2004 makes it an offence to hunt a wild mammal with dogs and anyone who believes that an offence has taken place should report the matter to the police.




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Markets: Bitcoin, Ether little changed; Dogecoin falls
Markets: Bitcoin, Ether little changed; Dogecoin falls
U.S. equities finished higher on Friday but still booked a weekly loss last week amid looming recession fears. The Dow Jones Industrial Average closed up 0.5%, the S&P 500 Index gained 0.6%, and the Nasdaq Composite Index rose 0.2%.


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Aid groups suspend Afghanistan operations after ban on women working for NGOs
Aid groups suspend Afghanistan operations after ban on women working for NGOs
A spokesman for the Kandahar provincial governor, Ataullah Zaid, denied there was a protest. There were some people who were pretending to be students and teachers, he said, but they were stopped by students and security forces.




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Jamie Raskin Skewers Electoral College: It's 'Become A Danger'
Jamie Raskin Skewers Electoral College: It's 'Become A Danger'
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'Avatar' sequel sails to 2nd week atop the box office
'Avatar' sequel sails to 2nd week atop the box office
Estimated ticket sales for Friday through Sunday at U.S. and Canadian theaters, according to Comscore, with Wednesday through Sunday in parentheses. Final domestic figures will be released Monday.


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Where To Look For Unrealized Value In Oil Markets
Where To Look For Unrealized Value In Oil Markets
Investing in the OFS sector and particularly in the Drilling Contractors, the premier one being Helmerich & Payne, is an excellent way for investors to take advantage of a discount currently being offered on shares of these companies. When the market turns back to concerns about supply, as I think it is now in the process of doing, shares of H&P and PTEN could rerate higher quickly. For now, our top pick to play this segment rotation is H&P.


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Asian shares rise in thin holiday trading, with U.S., European markets closed
Asian shares rise in thin holiday trading, with U.S., European markets closed
The Fed’s forecast doesn’t call for a rate cut before 2024, and the higher rates have raised concerns the economy could stall and slip into a recession in 2023. High rates have also been weighing heavily on prices for stocks and other investments.


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Busloads of migrants dropped off near Kamala Harris's home on Christmas Eve
Busloads of migrants dropped off near Kamala Harris's home on Christmas Eve
\"This terrible crisis for border communities in Texas is a catastrophe of your own making,\" Abbott wrote in a letter to the president on Dec. 20. \"These communities and the state are ill-equipped to do the job assigned to the federal government – house the thousands of migrants flooding into the country every day. With perilous temperatures moving into the area, many of these migrants are at risk of freezing to death on city streets.\"


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Macro hedge funds toast blowout year that peers are keen to forget
Macro hedge funds toast blowout year that peers are keen to forget
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Monster winter storm across U.S. claims at least 34 lives
Monster winter storm across U.S. claims at least 34 lives
Through heavy, wind-driven snow, he brought about 15 people to the church in Buffalo on Saturday, he said, including a family of five transported one-by-one. He also got a man in need of dialysis, who had spent 17 hours stranded in his car, back home, where he could receive treatment.


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Number of over-50s on zero hours contracts soars to record high
Number of over-50s on zero hours contracts soars to record high
The pace of growth in the 50 to 64 age group was the fastest across all generations and far-outstripped the 39pc increase amongst those aged 25 to 34 – which was the second largest group in 2013.


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Activists to revisit controversial Where is Peng Shuai protests at January Australian Open
Activists to revisit controversial Where is Peng Shuai protests at January Australian Open
"Yes, as long as they are not coming as a mob to be disruptive but are peaceful," he said. "It's all been a bit lost in translation from some people who are not here and don't really know the full view."


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Rapper Meek Mill pays bail for 20 women so they can spend the holidays at home | CNN
Rapper Meek Mill pays bail for 20 women so they can spend the holidays at home | CNN
There were a total of 4,546 people incarcerated in Philadelphia prisons as of November 2022, according to data from the Philadelphia government. Around 6.4% of that group are women.


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The world's in a 'polycrisis' and these countries want to quash it by looking beyond GDP
The world's in a 'polycrisis'  and these countries want to quash it by looking beyond GDP
\"We must place true value on the environment and go beyond Gross Domestic Product as a measure of human progress and wellbeing,\" Guterres said. \"Let us not forget that when we destroy a forest, we are creating GDP. When we overfish, we are creating GDP. GDP is not a way to measure richness in the present situation in the world.\"


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How Ukraine's Zelenskyy went from comedian to wartime hero
How Ukraine's Zelenskyy went from comedian to wartime hero
\"Over 90% [of Ukrainians] approve of his performance, they think that he has managed to mount quite a substantial opposition to withold Russian aggression in Ukraine, but has also mobilized western support in this conflict and this is comething that is highly appreciated iby Ukrainians and they believe that his personal behavior — by staying in Kyiv and not fleeing the country — was able to stabilize the country.\"


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Russia ready to resume gas supply to Europe via Yamal-Europe gas pipeline | CNN
Russia ready to resume gas supply to Europe via Yamal-Europe gas pipeline | CNN
In May, only 44 hours after Ukraine reduced the flow of natural gas across its territory into Europe, blaming interference by Russian troops, Gazprom stopped supplies through the Yamal-Europe pipeline running across Poland and stopped sending gas to a distributor in Germany. According to state news agency RIA Novosti, Gazprom was forced to suspend supplies due to sanctions on its parent company, EuRoPol GAZ.


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Leading ECB policymaker hints at sharp climb to peak rates
Leading ECB policymaker hints at sharp climb to peak rates
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Bitcoin hashrate drops nearly 40% as deadly U.S. storm unplugs miners
Bitcoin hashrate drops nearly 40% as deadly U.S. storm unplugs miners
Core Scientific, a major Bitcoin miner that filed for Chapter 11 bankruptcy protection last week, tweeted on Saturday that it would be “participating in multiple power curtailments to help stabilize the electrical grid” and that Bitcoin production was expected to slow down.


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Bidens Pick to Lead F.A.A. Faces Murky Road to Confirmation
Bidens Pick to Lead F.A.A. Faces Murky Road to Confirmation
Senator John Hickenlooper, Democrat of Colorado and a former Denver mayor, credited Mr. Washington for his leadership of the city’s airport and said there was nothing in the Los Angeles investigation that diminished his suitability to lead the F.A.A.


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Trump Declares Himself 'Clairvoyant'; Critics Wonder How He Got Election So Wrong
Trump Declares Himself 'Clairvoyant'; Critics Wonder How He Got Election So Wrong
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The UKs best winter walks
The UKs best winter walks
Home to Glyndebourne Opera House, Glynde is a quintessential East Sussex downland village – and the start and finish of this six-and-a-half mile walk. The route quickly segues into a National Nature Reserve, with the Iron Age fort Mount Caburn peaking above the horizon to the south. Soak in views of the Elizabethan manor house Glynde Place, as well as panoramas of the South Downs National Park, Ouse Valley and Lewes. Just one mile to the south is the chocolate-box village of Firle, situated at the foot of Firle Beacon, one of the highest points in the South Downs National Park. Here, tuck into a meal at The Ram Inn – a friendly country pub serving hearty British fare beside a warming fire.


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Russian State TV Hails Lauren Boebert For Refusing To Stand For War Hero Volodymyr Zelensky
Russian State TV Hails Lauren Boebert For Refusing To Stand For War Hero Volodymyr Zelensky
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How To Make Coquito, According To A Family Recipe From The Kimpton Epics Bar Team
How To Make Coquito, According To A Family Recipe From The Kimpton Epics Bar Team
Then, at a 9 p.m. seating, the New Year's Eve menu will include elevated dishes like filet mignon with the option to have it wrapped in 24K edible gold, plus shaved truffles on burrata and caviar served alongside king crab.


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Reasons for Optimism in 2023
Reasons for Optimism in 2023
This giant fan is sucking tons of carbon dioxide out of the sky in Iceland. The Department of Energy and a bevy of investors are racing to bring the technology, called direct air capture, to other parts of the world.


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Heavy snow in Japan leaves at least 17 dead and dozens injured
Heavy snow in Japan leaves at least 17 dead and dozens injured
Heavy snow knocked down an electric power transmission tower in Japan\'s northernmost main island, leaving about 20,000 homes without power on Christmas morning, though electricity was restored in most areas later that day, according to the economy and industry ministry.


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Kathy Whitworth, Record-Holder for U.S. Golf Wins, Dies at 83
Kathy Whitworth, Record-Holder for U.S. Golf Wins, Dies at 83
In her later years, Whitworth lived in the Dallas suburb of Flower Mound, gave golf lessons, conducted clinics and organized a junior women’s tournament in Fort Worth. A wooden case at her home course, Trophy Club Country Club in Roanoke, Texas, houses numerous trophies and 88 nickel-plated plaques engraved with details of her victories.


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Planting seeds of peace: Bosnian war stories are brought to the stage
Planting seeds of peace: Bosnian war stories are brought to the stage
"Stories are a re-humanising experience," Moffat adds. "Groups of strangers sit together and they experience something together. They feel powerful emotions together. We want this play to inspire them to go out and, in their own ways, plant those little seeds of peace and humanity."


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Democrats, Feeling New Strength, Plan to Go on Offense on Voting Rights
Democrats, Feeling New Strength, Plan to Go on Offense on Voting Rights
“These people are claiming fraud when there is none, these people mounted an insurrection on the Capitol, they’re the ones who have broken the trust,” she said in New Orleans. “You can’t coddle these people that have been misled by the people they have upheld as leaders. These so-called leaders need to be held accountable.”


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Boxing Day strikes: thousands face travel chaos across Britain as action by railway and Border Force workers continues
Boxing Day strikes: thousands face travel chaos across Britain as action by railway and Border Force workers continues
The RMT general secretary, Mick Lynch, said: “Until the government gives the rail industry a mandate to come to a negotiated settlement on job security, pay and conditions of work, our industrial campaign will continue.”


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More migrants dropped off outside vice president's home in freezing weather on Christmas Eve | CNN Politics
More migrants dropped off outside vice president's home in freezing weather on Christmas Eve | CNN Politics
CORRECTION: An earlier version of this story misidentified the person who spoke about her group being prepared for the migrant arrivals. It was Amy Fischer, a volunteer with the Migrant Solidarity Mutual Aid Network.


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Russia-Ukraine war live: three reportedly killed by Ukraine drone attack on air base deep inside Russia
Russia-Ukraine war live: three reportedly killed by Ukraine drone attack on air base deep inside Russia
Justin Welby, the archbishop of Canterbury, and Pope Francis used their Christmas addresses to call for an end to the war in Ukraine. Condemning the use of food as a weapon of war, the pope said the war in Ukraine and conflict in other countries had put millions at risk of famine.


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Rapper Meek Mill pays bail for 20 women so they can spend the holidays at home | CNN
Rapper Meek Mill pays bail for 20 women so they can spend the holidays at home | CNN
There were a total of 4,546 people incarcerated in Philadelphia prisons as of November 2022, according to data from the Philadelphia government. Around 6.4% of that group are women.


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US storm: freezing week ahead with dozens of lives lost so far
US storm: freezing week ahead with dozens of lives lost so far
Storm-related deaths were reported in recent days all over the country: 12 in Erie County, New York, ranging in age from 26 to 93 years old, and another in Niagara county where a 27-year-old man was overcome by carbon monoxide after snow blocked his furnace; 10 in Ohio, including an electrocuted utility worker and those killed in multiple car crashes; six motorists killed in crashes in Missouri, Kansas and Kentucky; a Vermont woman struck by a falling branch; an apparently homeless man found amid Colorado’s subzero temperatures; and a woman who fell through Wisconsin river ice.


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Rodgers happy Pack playing 'meaningful games'
Rodgers happy Pack playing 'meaningful games'
It wasn\'t all ribbons and bows on Sunday, though. The Packers were ineffective in the red zone (converting just two of five trips into touchdowns) and lost two of their most explosive players to injuries in the first half -- receiver Christian Watson (hip) and kick returner Keisean Nixon (groin). Neither could finish the game, but coach Matt LaFleur had no updates after the game. The Packers also lost right tackle Yosh Nijman (shoulder) and defensive tackle Dean Lowry (calf). Running back Aaron Jones\' touches also appeared to be limited, as he has dealt with multiple injuries in recent weeks.


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'Fun playing on Christmas': Tatum nets 41 in win
'Fun playing on Christmas': Tatum nets 41 in win
\"It\'s definitely an honor. I\'ve said many times how much I love being here and what it means to play on Christmas -- sixth year in a row and something I never want to take for granted,\" Tatum said after the game. \"As a kid, that was part of the tradition: Eat, be with family, watch all the games and try to envision myself playing out there one day. Now I get to do that.\"


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Brady leads Bucs to comeback OT win in Arizona to keep lead in NFC South race
Brady leads Bucs to comeback OT win in Arizona to keep lead in NFC South race
Under the radar stat that matters: DeAndre Hopkins was able to extend the longest active streak in the NFL of recording at least one catch in a game with a 4-yard catch (his only of the night) midway through the fourth quarter. The streak of 145 is the fourth longest to start a career. -- Josh Weinfuss


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Bowl season takeaways: Middle Tennessee wins despite minus-66 (!) rushing yards
Bowl season takeaways: Middle Tennessee wins despite minus-66 (!) rushing yards
What a finish for Troy first-year head coach Jon Sumrall, closing out a 12-2 season by scoring 18 unanswered points to beat UTSA on Friday for the Trojans\' 11th straight win. Troy had just 153 total yards and did not cross midfield in the first half, but five takeaways -- including two interceptions and a forced fumble on UTSA quarterback Frank Harris, who was sixth in the FBS in passing coming into the game -- was too much to overcome for the Roadrunners. The Trojans became the first team to win a bowl game with less than 175 yards of offense since UCLA in the 2002 Las Vegas Bowl against New Mexico. -- Wilson


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Panthers RBs make history, boost NFC South title hopes
Panthers RBs make history, boost NFC South title hopes
“We talked all week about the true character of this football team will reveal itself by how we responded,’’ Wilks said. “We came out and played against a good football team, a really good football team.


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Memorable Christmas Day moments across sports
Memorable Christmas Day moments across sports
Beginning in the 1920s and lasting until 1971, there was an NHL game played every Christmas Day. The NHL ended the tradition to give its players a holiday break. On the final Christmas that games were played, there were six, and the last goal scored was by Stan Gilbertson, as his California Golden Seals defeated the Los Angeles Kings 3-1. New York Rangers fans might not have been too happy to see the tradition come to an end. Their team was 24-11-2 on the holiday, including a 16-game unbeaten streak from 1928 through 1950.




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