Sumati Sengupta is a working woman in her late twenties. Going by the prevailing high interest rates in the market, she thinks bank deposits are an attractive investment option. However, she has no knowledge about these products and is not sure which one she should opt for. Should she choose a fixed deposit or a recurring deposit? Both the products provide safety of investment with fixed returns over a predefined period. They also offer comparable rates of interest and similar compounding frequencies. The liquidity profile of both the deposits is also similar. Sengupta could either take a loan against the deposit or withdraw the amount before maturity, subject to some penalties. Despite these similarities, there are certain features that she should consider while making her choice. While comparing the two products on the basis of returns, fixed deposit ranks higher. The difference is due to the fact that Sengupta would be committing the entire amount upfront and, hence, the amount … [Read more...] about Bank fixed deposit or a recurring deposit: Which one should you opt for?
3 warnings potentially fixable with the fix option
REFUNDS LAWSUIT Airlines are burning through cash reserves as they try to stay afloat. IATA said providing refunds for cancelled flights, as rules in many parts of the world such as the European Union require them to do, was not possible. … [Read more...] about Refunds row escalates as airlines warn millions of jobs at risk
'The State's current approach to stockpiling a limited number of ventilators balances the need to prepare for a potential pandemic against the need to maintain adequate funding for current and ongoing health care expenses,' the report stated. In a severe pandemic scenario, 'New York will not have sufficient ventilators to meet critical care needs despite its emergency stockpile.' The report lays out guidelines on how to decide which patients should be placed on ventilators if hospitals are forced to ration resources, withholding devices from patients with poorer odds of surviving. The report did not specifically address the needs or current resources in New York City. … [Read more...] about New York City’s pandemic plan in 2006 warned it could be short 9,500 ventilators but only 500 were bought – and they all ended up on the auction block when the city couldn’t afford to maintain them
"Just bring them to my house. I have a place for for all of them. We've got enough people helping that we think we can do them all in one weekend," she told the hospital. " And they were like, 'What? No,' they couldn't believe it." … [Read more...] about Volunteers fixed 20,000 N95 masks for Memphis hospital in a weekend
But they said it seemed a fair answer to the call from France, Italy, Spain and six others last week for a “common debt instrument issued by an EU institution” to fight the pandemic, without ruffling too many feathers in Germany, the Netherlands and the other countries that oppose joint debt issuance. … [Read more...] about RPT-PREVIEW-Euro zone ministers focus on quick options to support economy
Militias have discussed preparing for an armed response to any effort by the government to seize their weapons or control them under martial law, anti-abortion extremists have threatened violence against reproductive health care providers still working during the pandemic, and extremists motivated by police brutality have discussed disregarding stay-at-home orders and the need to prepare for any ensuing police abuses with force, the bulletin states. … [Read more...] about National security officials warn of extremists exploiting coronavirus pandemic