Biden addresses idea of high court packing: ‘I’m not a fan’

WASHINGTON (AP) — Joe Biden says he is “not a fan” of adding seats to the Supreme Court, after weeks of avoiding questions about the idea that’s been pushed by progressives and used by Republicans to attack him.

“I’ve already spoken on — I’m not a fan of court packing, but I don’t want to get off on that whole issue. I want to keep focused,” the Democratic presidential nominee said in an interview Monday with Cincinnati’s WKRC.

Biden argued that the focus should remain on President Donald Trump and Republicans’ efforts to push through Amy Coney Barrett as a replacement for Justice Ruth Bader Ginsburg before the Nov. 3 election.

“That’s the court-packing the public should be focused on,” he said.

Biden has expressed opposition to the idea of expanding the Supreme Court before, but in recent weeks notably dodged multiple questions from the media about the proposal, insisting

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UK tech visa applications hit record high despite Covid-19

The number of applications for the UK’s Tech Nation visa rose to its highest level on record last month as the thriving sector shrugged off the impact of coronavirus.

Applications for the visa, which grants employees and founders in the tech sector the right to work in the UK for up to five years, hit a record-breaking 122 in September.

Read more: UK biotech secures record £1bn investment in third quarter

Across the third quarter numbers were up 42 per cent on the previous three months and eight per cent compared to the same period last year.

“The data flies in the face of claims that remote working and Covid-19 will deter people coming to the UK to work,” said Stephen Kelly, chair of Tech Nation.

“Quite the contrary. In an environment where talented entrepreneurs are facing potential obstacles in moving to the US, the UK is a natural home.”

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Indian High Commission announces resuming online visa services for Bangladeshis

Visa services had remained halted since March 12

The Indian High Commission in Bangladesh has announced that online visa application services were being resumed for Bangladesh citizens.

Currently visas will be provided in nine categories – medical, business, employment, entry, journalists, diplomatic personnel, officials, UN officials and UN diplomats.

The visa process in other categories would be resumed soon, the High Commission said on Friday.

At the onset of the coronavirus pandemic India stopped entry of all foreigners into its territory by halting visa approvals on March 12.

People seeking medical treatment in India found themselves in grave trouble since Bangladeshis often go to India seeking treatment.

From January 2018 to March 2019, 2,876,000 Bangladeshi citizens visited India, and on average 10% of them went there for treatment.

ভারতীয় হাই কমিশন, ঢাকা বাংলাদেশী নাগরিকদের জন্য অনলাইন ভিসা আবেদন পরিষেবা পুনরায় চালু করার ঘোষণা করছে-
বর্তমানে…

Posted by India in Bangladesh

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European Shares Hit Five-Week High on Rebound Optimism, Stimulus Hopes | Investing News

(Reuters) – European shares hit a five-week high on Monday as optimism about a stable economic recovery in China and hopes of more U.S. fiscal stimulus helped offset concerns around surging COVID-19 cases across the continent.

The pan-European STOXX 600 <.STOXX> marked a third straight day of gains to end 0.7% higher, led by utilities <.SX6P>, technology <.SX8P> and autos <.SXAP> stocks.

The Trump administration on Sunday called on the U.S. Congress to pass a stripped-down coronavirus relief bill after talks stalled on a more comprehensive stimulus deal.

“Investors have not lost faith that further stimulus measures will follow and that an effective COVID-19 vaccine will soon be placed on the market,” said Milan Cutkovic, market analyst at Axi.

But a jump in domestic coronavirus cases has raised the spectre of fresh lockdowns and cast a shadow over a nascent economic rebound.

With Italy preparing for nationwide curbs, the European

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The consultants in high demand during the pandemic and their salaries

  • The management consulting market declined by $30 billion due to decreased client demand during the coronavirus pandemic, but certain areas are still growing. 
  • Experts told Business Insider that technology, healthcare, and strategy consulting remain steady areas of growth for major firms like KPMG, McKinsey, and Boston Consulting Group.
  • Consultants with specializations in digital transformation, corporate turnarounds, and cybersecurity are in higher demand right now. 
  • Here are the practice areas that will expand in response to the coronavirus and how much they pay. 
  • Visit Business Insider’s homepage for more stories.

If you’re looking for a job in management consulting right now, it pays to be in a booming sector. 

The coronavirus pandemic has upended the management-consulting industry. The market for consultants has declined this year to an estimated $132 billion from $160 billion because of decreased client demand, according to research platform Statista. The crisis put a strain on corporate budgets,

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UK tech visa applications hit new high

It appears both Brexit and the Covid-19 pandemic have not discouraged tech workers from coming to the UK. According to Tech Nation, visa applications broke the all-time record this September.

The month of August, according to the organization, also saw the third highest quantity of applications on record, hinting at a growing trend.

Applications for the third quarter of the calendar year were up 42 percent compared to the second quarter, and up eight percent on last year’s Q3.

Applicants are said to be primarily Russians, Indians and Americans, coming mostly from software development, cloud computing and AI backgrounds.

“The data flies in the face of claims that remote working and Covid-19 will deter people coming to the UK to work,” said Stephen Kelly, Chair of Tech Nation.

“Quite the contrary. In an environment where talented entrepreneurs are facing potential obstacles in moving to the US, the UK is a

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Gold retreats from three-week high on stronger dollar

By Eileen Soreng

(Reuters) – Gold fell back from a three-week high on Monday as the dollar firmed, although hopes for a new U.S. coronavirus aid package checked the precious metal’s losses.

Spot gold slipped 0.1% to $1,928.06 per ounce by 0329 GMT, after hitting its highest level since Sept. 21 at $1,932.96 earlier in the session. U.S. gold futures were up 0.4% at $1,934.10.

“The dollar index has rebounded slightly, weighing on the precious metal,” said Margaret Yang, a strategist with DailyFx, which covers currency, commodity and index trading.

But, “the technical trend has turned bullish in the near term and very soon it may test the key resistance level of $1,942,” she added.

The dollar index was up 0.1% against rivals, after negotiation on the U.S. stimulus package ran into resistance and as the yuan dropped after China’s central bank took a measure seen as aimed at curbing

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US weekly jobless claims remain high at 840,000

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell slightly last week to a still-high 840,000, evidence that job cuts remain elevated seven months into the pandemic recession.

The latest sign of a flagging recovery comes two days after President Donald Trump cut off talks over a new rescue aid package that economists say is urgently needed for millions of unemployed Americans and struggling businesses. A failure to enact another round of government aid would crimp household income and spending, and some economists say it would raise the risk of a double-dip recession.

Thursday’s report from the Labor Department said the number of people who are continuing to receive unemployment benefits dropped 1 million to 11 million. The decline suggests that many of the unemployed are being recalled to their old jobs. But it also reflects the fact that some have used up the 26 weeks of their

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Weekly High Frequency Indicators: Slow Improvement Has Continued

Purpose

I look at the high frequency weekly indicators because while they can be very noisy, they provide a good nowcast of the economy and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available. They are also an excellent way to “mark your beliefs to market.” In general, I go in order of long-leading indicators, then short-leading indicators, then coincident indicators.

A Note on Methodology

Data is presented in a “just the facts, ma’am” format with a minimum of commentary so that bias is minimized.

Where relevant, I include 12-month highs and lows in the data in parentheses to the right. All data taken from St. Louis FRED unless otherwise linked.

A few items (e.g., Financial Conditions indexes, regional Fed indexes, stock prices, the yield curve) have their own metrics based on long-term studies of their behavior.

Where data is seasonally adjusted,

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Tech Ideas For Those Who Are Worried About High Valuations

Tech has been a terrific place to be for a while now, and still is. Traditionally, though, this area has been off-putting to those concerned about value, whether in the traditional academic sense that requires low ratios, or in the theoretically sound sense that requires investors to face the challenges of making necessary assumptions about future growth. This disconnect need not exist, however. Value investors can filter for emerging growth opportunities and look for appealing valuations within that particular subset of the market.

© Can Stock Photo / sergey150770

Value Without Growth Is Not Really Value

There are many out there who see value and growth as being opposed styles, and in some cases, downright antagonistic. That’s wrong.

The correct valuation for a stock is not an arbitrarily chosen low number, or even a low rank relative to other valuations in the market. An appealing value is one in which

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