Thanks a billion, Arlene: Theresa May’s deal to stay in power

“THERE is no magic money tree,” Theresa May tutted sternly during the election campaign, when Labour made unrealistic spending promises. A vote for Labour could lead to a “coalition of chaos” with the Scottish Nationalists, she warned.

The prime minister now finds herself in her own chaotic coalition, held together by a wodge of cash seemingly magicked out of nowhere. On June 26th her Conservative Party struck a deal with the Democratic Unionist Party (DUP), whose ten MPs will support the government on crunch votes in return for various policy concessions and an extra £1bn ($ 1.3bn) for Northern Ireland.

After 18 days of wrangling, Arlene Foster’s DUP signed up to a “confidence and supply” arrangement in which it will support the government in votes on the Queen’s Speech, money matters and Brexit—on which the DUP simply agrees, without qualification, “to support the government on legislation pertaining to the UK’s exit from the European…Continue reading
Britain

How to Move from Australia to New York City

New York City is a destination like no other. It’s huge, it’s full of famous landmarks, and it has been immortalized in songs, film, theater, and literature. Moving to New York City is a dream for so many Australians, so how can you make a move?
 


 
Step One: Find Your International Removalist

You can’t move across the world by yourself. You need help, and the best way to find this help is to lock down a quality international removalist. This step is so important because your removalist will do much more than just freight your goods to your new home. They’ll help you through every step of the process, from guiding you through the visa application process to relocating your pet.

 

Image by Stilgherrian / Flickr

 

Step Two: Applying for a Visa

This is actually step one, but if you’ve found a quality removalist, they’ll make this step a lot easier. You need to apply for a U.S. visa before you leave Australia. You also need to complete this process in person, by going to your local U.S. embassy office. Offices are located in Melbourne, Perth, Canberra, and Sydney. Give yourself plenty of time to complete this process, as there can be roadblocks. The process consists of an interview with a consular employee, and you’ll need to have all of your documents in order before you attend. Additionally reportedly 1000 Aussies on an average win the green card lottery per year so this too would be worth trying.

Step Three: Acclimatisation

Moving overseas is a massive undertaking, and to make a move a little easier when you arrive, it’s a good idea to try and go for a short visit before you make the big move. This is particularly important if you have young children, as it will allow you to tour schools, visit the area you plan on moving to, and get your kids used to the idea of making a move. It will also give you a chance to visit neighborhoods and properties to help picture yourself in your new home and find the perfect option.

 

Image by Pedro Szekely / Flickr

 

Step Four: Finding the Right Home

New York is an enormous city, made up of many distinctive neighborhoods. You don’t just want to pick a place on a map and find a house; you need expert knowledge on hand. The best way to find the right home is to get in touch with a local real estate agent, so they can start sending you property listings best suited for your individual needs so then you can visit all available options during your short visit before relocating. While it is possible and many buyers and renters do secure apartments without actually visiting the property, this is not advised unless you trust the advice of your agent. Getting off at the airport and already having a short list of apartments to visit or home ready to go will remove a lot of the stress from the move.

New York City carries some of the highest property prices in the world. Don’t fall into the trap of thinking that you have to live central to enjoy all that the city has to offer. NYC has an extensive public transport network, meaning you can reach the all the main attractions even if you live in Brooklyn or Queens.

Step Five: Finding Work

Finding work in such a big city, with such a competitive job market is tough. In an ideal world, you’ll have a job organized before you land, but this isn’t always possible. To make things easier, you should engage the services of respected employment agencies. The American Australian Association is a trusted, not-for-profit organization that is dedicated to helping Australians settle into New York and find their feet.

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– Elika Real Estate

Rover’s Weekly Market Brief — 6/23/2017

Indices

DJIA: 21,394.80 (+0.05%)

NASDAQ: 6,265.25 (+1.84%)

S&P 500: 2,438.30 (+0.21%)

Commodities

Gold: 1,256.60 (+0.01%)

Copper: 262.30 (+2.30%)

Crude Oil: 43.09 (-3.69%)

Economy

Existing home sales rebounded to a stronger than expected 5.62 million annual rate in May, which is a +1.1% increase from a downwardly revised 5.56 million (-2.5%) annual rate in April. Total existing inventory of homes for sale rose to 1.96 million (+2.1%), but that is down from 2.14 million one year previously, and inventories have been falling for 24 consecutive months. Yearly gains in home prices have increased for the last 63 consecutive months, with a +5.8% increase over the last year.

The annual sales rate for new homes also recorded a larger than expected gain for May to 610,000. This is a +8.9% Y/Y increase, and a +2.9% increase from April, which was itself upwardly revised from 569,000 to a 593,000 annual rate. The median sales price rose from $ 310,200 in April to $ 345,800 in May (+11.5%), with a +16.8% Y/Y increase from May 2016’s $ 296,000 median. Sales rates were highest in the South (360,000, +6.2%) and the West (162,000, +13.3%), and fell in the Northeast (33,000, -10.8%) and Midwest (55,000, -25.7%).

For June, Markit’s Flash US PMI indicated slowing but continued growth, with the Composite and Services indexes both falling to 3 month lows of 53.0, and the Manufacturing and Manufacturing Output indexes falling to 9 month lows of 52.1 and 52.9, respectively. Respondents in the Service sector indicated a rise in new orders, increases in hiring, and a rise in input costs that were reflected in solid increases in output prices. In Manufacturing, respondents indicated slowdowns in both business growth and input price inflation, which were partially offset by job creation and inventory building. Markit’s analysis found business optimism for the year ahead, resilient hiring, improved pricing power, and healthy demand.

Upcoming Economic Reports:

Monday June 26 – Durable Goods Orders

Thursday June 29 – GDP, Q1 revision

Earnings Calendar:

 

Monday Tuesday Wednesday Thursday Friday
Daikin
Industries
(DKILY)
Ping An
Insurance
(PNGAY)
Monsanto
(MON)
Nike
(NKE)
Sundance Energy
Australia
(SDCJF)
Gazprom
Neft
(GZPFY)
SoftBank
Group
(SFTBY)
Fanuc
(FANUY)
Walgreens
Boots Alliance
(WBA)
DecisionPoint
Systems
(DPSI)

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