29 August 2018 FT — Articles to Read

29 August 2018


List-Serve Comment (w/ permission): In addition to your excellent Prof Notes, I offer my own experience.

As a student, in order to save on living expenses, I was a “mother’s helper:” in exchange for room and board, I lived with various families and worked 15 hours a week, which included eating dinner with them. Hours varied, depending on family needs and structure: some needed help around dinner time during the week and babysitting on weekends, others wanted me to make dinner and wash dishes every day, etc.  I did some yard work as well, mostly because I enjoyed it.  Experiences ranged from awful to wonderful, so much so that I am friends with one family now 40 years later and we exchange visits even though we live on opposite coasts.


Years later the roles were reversed.  When our children were small, my husband and I employed young women in the same role.  Again, the experiences ranged from awful to wonderful.  One young woman even stayed with us after college while she took a full time position so that she could pay down her school debt.  We have stayed in touch with her.  She lives in another state and has stayed us with her family many years later.


Men can live in and help with chores, home maintenance, etc.  Finding an agreeable situation for both parties is challenging, and both sides have to be flexible and up front about their expectations.  But, can you imagine how much one can save by not paying for room and board for 3-4 years?


While this may not be for everyone, people should consider it.


Question: According to Woman’s Day on MSN, what are 6 Heart Attack warning signs?


Job security Rules aim to restore Detroit’s fortunes and benefit steel mills – Pg. 4

–          …75% of the parts used in US and Mexican-assembled vehicles must come from North America.  The current level is 62.5%, far lower than the 85% figure the US originally pursued in the talks

–          Between 40 and 45% of the content of the vehicle must be made by workers earning $16 an hour or more

–          The rule will affect the supply chain companies far more, as less than 10% of the value of a vehicle is in the assembly

–          Another clause will require manufacturers to buy steel and aluminum from inside North America, with the aim of increasing output at US mills

–          Factories have until 2020 to comply

–          Cars that fail to pass the rules allowing unfettered access will be subject to tariffs of 2.5% under the WTO’s most favoured nation status


Hostility to high pay grows as big UK groups see shareholder revolts double – Pg. 11

–          Shareholder rebellions over executive pay at the UK’s biggest companies have doubled this year, ….

–          High pay has risen up the agenda for investors in the face of sustained public anger and criticism from politicians over big payouts for corporate bosses


Tumbling peso adds to Argentine obstacle course – Pg. 17

–          Argentina may have reluctantly fallen back in the embrace of the IMF but the biggest aid package in history has not managed to inoculate the country from an onslaught of market pain

–          Many investors felt reassured when Argentina received a $50bn credit line from the IMF in June….

–          Argentina’s currency has weakened more than 9% against the dollar since the start of the month, cementing its position as one of the biggest losers in the broader EM rout triggered by the Turkish Lira’s tumble

–          In July, consumer prices rose 3.1%, bringing the 12-month inflation rate to 31.2%, about 10% above the IMF’s 2019 target

–          By year-end….forecast that Argentina’s debt will exceed 71% of its annual economic output


Answer: (1) Dizziness; (2) Upper body pain; (3) Fatigue; (4) Sweating; (5) Nausea; (6) Shortness of breath