27 July 2019
Question: According o MSN: Money, what are the top ten (1) tips for increasing home value from a “flipper”?
Us growth slowdown points to rate cut – Pg. 3
- US economic growth cooled to a rate of 2.1% in the second quarter, increasing the chances of the Federal Reserve cutting interest rates by one notch at its policy meeting next week
- …compared with an expansion in GDP of 3.1% in the first quarter
World Bank pandemic bonds spark Ebola anger – Pg. 11
- Bonds issued by the World bank with the aim of helping developing countries del with pandemics are facing fresh scrutiny as investors continue to enjoy high returns while the Ebola outbreak worsens in central Africa
- ….funding connected to the World Bank’s pandemic bonds, issued in 2017, has been less forthcoming. One relatively small slice – the so-called “cash” element – has delivered $31.4m to help with the crisis
- But the larger “insurance” element of the Ebola bonds is yet to pay out a penny, instead continuing to deliver a coupon of 11.1% over the Libor rate to investors
- The pandemic bonds, which raised $320m, deliver interest payments to investors, funded by donor nations Japan and Germany, until a pandemic is declared
- At that point, the bonds are not repaid and the money s used to help the crisis. The t was inspired by the 2013-14 Ebola outbreak in west Africa which killed 11,000 people, most in Guinea, Liberia and Sierra leone
- The total possible insurance payout for Ebola is $150m and comes in three tranches: when 250, 750 and 2,500 people have died across at least two countries, $45m, $45m and $60m, respectively, will be dispersed
Answer: (1)Pick the right house, i.e. one that only needs minor repairs; (2) Paint everything; (3) Install new carpet; (4) Clean like you mean it; (5) Spruce up curb appeal; (6) Change light fixtures; (7) Update the kitchen; (8) Furniture in the house; (9) Wait a year to flip; (10O go the partial-FSBO route