Sabtu, 18 Januari 2020

Meals On Wheels Opens Local Diner To Feed Seniors - NPR

The Diner, which is a project of Meals on Wheels People in Vancouver, Wash., provides community in addition to meals for seniors enrolled in the program. Tom Cook/Courtesy Meals on Wheels People hide caption

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Tom Cook/Courtesy Meals on Wheels People

Usually Meals on Wheels means home delivery or lunch at a senior center. For more than 50 years, the federal government has been funding the program to make sure older Americans get the nutrition they need. Now, a project in Vancouver, Wash., is trying to use those funds for something new: a retro-hip diner, where seniors can get eggs, coffee, and community.

On the surface, The Diner looks like any other diner. Servers making sure the coffee is topped off, local business people having meetings, regulars who know the whole menu. There are the usual diner specialties, with some modern nods — cage-free eggs and local produce — and a retro vibe.

"They play Frank Sinatra in the mornings, and it makes me so happy," says Autumn Zukauskus, who comes for breakfast weekly. "Eggs and Frank Sinatra: perfect breakfast."

But when a younger patron like Zukauskus reaches for her credit card, seniors like Chris Bingenheimer pull out a little green dining card.

"If you can donate, you do. If you don't, you don't," Bingenheimer explains. "And it's no big deal to them."

That's because the entire diner is a project of the local organization Meals on Wheels People. If you look closer, you'll notice a few differences from other restaurants. The chairs are on casters, to scoot out easily if they need to make space for a wheelchair. The coffee cups have large handles, to accommodate arthritic fingers. The building and finishes were designed and selected to minimize noise and maximize comfort.

Avoiding stigma

Suzanne Washington is the CEO of Meals on Wheels People, which serves about 5,000 meals a day. Most of these are home delivery, and about a third are in senior centers. But people don't always want to go to a senior center.

"We heard lots of folks say it was just too much of a stigma to go," Washington says.

Some baby boomers think senior centers are just for their grandparents. Or they're still working, and can't get away for lunch. So, Washington thought, 'Why not try a restaurant?'

"A restaurant that is inter-generational. It's good food," says Washington. "And at the same time, the paying public can help offset the cost of those in our program."

There's a slightly different menu for participating seniors — like an added fruit cup or a glass of milk — to meet nutritional requirements. And some regular menu items aren't part of the program.

"Because we can never make eggs benedict meet regulations," Washington says. "It just doesn't work."

The Diner in Vancouver, Wash., serves seniors and non-seniors alike. The menu for those who qualify for Meals on Wheels meets federal nutrition standards. Full menu Meals on Wheels hide caption

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Meals on Wheels

But the menu is still delicious, and the diner's been averaging 140 subsidized meals each month. They've signed up an average of 38 new members per month — about three times the number that sign up for Meals on Wheels at their traditional senior centers. And those who come for the meal donate more for it — the average donation is $2.46, which is four times higher than the donation at a senior center. And for an organization that provides 1.2 million senior meals annually, every increase is significant.

New sign-ups also get a visit from a client service coordinator, who does assessments, and checks if seniors need to be connected to additional services — the sort of information that they might have found at a traditional senior center.

The decline in participation at traditional senior centers isn't just a problem in the Pacific Northwest.

"It is a national trend, where many senior centers are witnessing declining participation rates," explains Manoj Pardasani, a provost and professor of social work at Hunter College.

Providing engagement

Pardasani says the decline is due to a number of factors: centers that haven't innovated to reflect the diversity of the population, or people who look down on senior centers as something only for "needy" people. And he says the downturn is concerning, because these centers provide far more than just food. They provide community engagement, and combat isolation, which provides a benefit for mental and emotional health.

"The core belief behind meals is the socialization aspect," says Pardasani. "We're human beings, we've been socialized to be social animals."

And The Diner is a social place. You can see it in the customers joking with the staff, the people who bring in an older neighbors, the seniors who carpool together for a meal.

Young people like Amber Zukauskus come for that camaraderie just as much as for the little pies.

"Everyone here is so nice," says Zukauskus. "And they pay everybody a living wage, and so all your tips just go to donations for Meals on Wheels, which is amazing. That's something I want to give money to."

The Diner has gone through the usual hiccups of starting a new restaurant — dealing with staffing, figuring out the lunch rush, adjusting portion size so that seniors might have some extra to take home and eat later. Meals on Wheels People received some grant money to help with start up costs, and they expect to turn a profit in their third year. But even early on, they seem to be hitting their stride. It's a bustling, thriving business.

Chris Bingenheimer learned about The Diner from a friend, and came in to share a meal. He sometimes goes to a senior center, but was never a fan of the made-in-advance food, or the minimal choices, or of the fact he had to be called up for a meal like at the high school cafeteria. He said he'll definitely be back to The Diner.

"The staff is very friendly," says Bingenheimer. "They don't look down on you because you're with the Meals on Wheels program. They treat you kindly. The service is impeccable."

Bingenheimer is a senior using Meals on Wheels. And at The Diner, he's also just a guy, sitting with a friend, having a good breakfast.

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2020-01-18 12:00:00Z
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Jumat, 17 Januari 2020

Dow Jones Today, Stocks Poised To Jump: Techs Lead; Qualcomm, American Express In Buy Range - Investor's Business Daily

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  1. Dow Jones Today, Stocks Poised To Jump: Techs Lead; Qualcomm, American Express In Buy Range  Investor's Business Daily
  2. Stocks Continue Record Climb as Earnings Overshadow Impeachment  The New York Times
  3. Stocks - Wall Street to Continue Higher; Housing Data Eyed  Investing.com
  4. Dow Jones Today, Stocks Poised For New Highs As Chips, Small Caps Rally; Morgan Stanley, Taiwan Semi Top Expectations  Investor's Business Daily
  5. Global stocks follow Wall Street higher after US-China deal  Fox Business
  6. View full coverage on Google News

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2020-01-17 13:18:00Z
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The club of $1 trillion companies just keeps growing. Now there are four - CNN

Apple. Microsoft. Saudi Aramco. And now Alphabet.
The club of public companies worth $1 trillion added a new member this week, with Google's parent company topping that valuation on Thursday. It's the first time three American companies have been worth at least $1 trillion at the same time.
The view from Mountain View: Alphabet (GOOGL) shares have already gained more than 8% this year. The rise follows the December announcement that Google CEO Sundar Pichai would also take over as head of Alphabet, succeeding Larry Page. And the company's ad business remains a money-making machine. Ad revenues grew to nearly $34 billion in the third quarter of 2019, up 17% from the same period the previous year.
Amazon out: Apple became the first public company to pass the $1 trillion mark in August 2018 and has pushed higher since. Amazon, the second firm to hit that level, has dropped out of the club, but it still has more members than ever before.
The growing ranks of $1 trillion companies inevitably gets investors chattering about whether market valuations are a bubble waiting to pop. Years of ultra low interest rates and solid US economic growth have driven the longest bull market on Wall Street in history. The Dow, S&P 500 and Nasdaq all hit fresh records on Thursday.
But the consensus among analysts is that stocks still have room to run in 2020. Gene Munster, a veteran Apple (AAPL) analyst at Loup Ventures, sees Apple shares — currently at $315— rising to $350 a pop in 2020 and $400 in 2021.
Tech's dominance: Alphabet, Apple, Microsoft (MSFT), Amazon (AMZN) and Facebook (FB) are now worth a collective $5.2 trillion — or nearly one fifth of the S&P 500.

China's weakest annual growth in 29 years

China's economy grew at its slowest pace in nearly three decades in 2019, my CNN Business colleague Laura He reports.
China just reported its weakest annual growth in 29 years
The announcement Friday wasn't unexpected, and Chinese officials insist that the country's economy will be stable this year. But it might be too early to say the worst has passed, according to analysts.
The numbers: China's GDP grew at a rate of 6.1% in 2019, in line with Beijing's targeted range. The country also reported that GDP grew 6% in the fourth quarter.
Big picture: China grew 6.6% in 2018. The slowdown last year is indicative of all the challenges facing the world's second largest economy, which is battling rising debt, cooling domestic demand and fallout from the trade war with the United States.
The "phase one" trade deal signed earlier this week removes a little bit of pressure, at least in the short term.
"The signing of the phase-one trade deal is a signal that the situation is unlikely to deteriorate," Chaoping Zhu, global market strategist at JPMorgan Asset Management, said in a note to clients.
But the trade war isn't over. US tariffs on many Chinese goods remain in effect, and Washington will use this as leverage as the two sides negotiate the next phase of their agreement. Plus, analysts from Citi, Nomura, and Invesco point out that it will be a challenge for China to fulfill its promise to increase imports of US goods by $200 billion over two years.

NBCUniversal makes its streaming play

The streaming field is becoming increasingly crowded. What better way to stand out than giving away your service for free?
Media and investors got a first look at NBCUniversal's Peacock on Thursday — and the biggest surprise was the price point offered by parent company Comcast (CMCSA), my CNN Business colleague Frank Pallotta reports.
The company will offer a version of the service known as "Peacock Free," a no-cost, ad-supported option for any consumer, regardless of their cable provider. A premium version with additional content, including early access to NBC's late night shows, will be free to Comcast subscribers and cost $4.99 for everyone else. Want to ditch ads altogether? That will be $9.99.
Daniel Ives, an analyst at Wedbush Securities, called the plan to make money through commercials "a smart move" and a "key differentiator" that could help lure viewers from other platforms. Time will tell; the service launches to existing customers on April 15.
State Street (STT) reports earnings before US markets open.
Also today:
  • US housing starts and building permits for December arrive at 8:30 a.m. ET.
  • The University of Michigan consumer sentiment survey for January posts at 10 a.m. ET.
Coming next week: Corporate executives and political leaders head to Davos, Switzerland for a week of panels, parties and closed-door meetings.

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2020-01-17 11:49:00Z
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GLOBAL MARKETS-World shares up as China data fuels bets on growth - Yahoo Finance

* MSCI world index hits record

* China 2019, Q4 GDP growth in line with expectations

* Investors eye global growth after data and easing trade tensions

* European shares up 0.7%

* Casino loses 12% after profit forecast cut

* Wall Street futures up (Adds European prices, updates throughout, adds quote changes byline and dateline)

By Tom Wilson and Andrew Galbraith

LONDON/SHANGHAI, Jan 17 (Reuters) - World shares rose to record highs on Friday, buoyed by Chinese data that suggested the world's second-biggest economy was stabilising.

Riskier assets were in demand worldwide as the Chinese growth data, along with easing trade tensions with the United States, sent the MSCI world equity index up 0.2% and further into record territory.

China's economy grew 6% between October and December last year. Anaemic domestic demand and the trade war with the United States led to growth of 6.1% in 2019, the slowest in 29 years.

But the data reinforced recent signs of an improvement in Chinese business confidence as trade tensions eased after Beijing and Washington signed an initial deal on Wednesday to defuse their tariff war.

Investors were turning their attention to what many see as improved prospects for growth across the world. European shares gained 0.7% in early trade, with Frankfurt, Paris and London indexes up 0.5% to 0.7%. Wall Street futures were also pointing up.

The Chinese data fuelled a rise in the Chinese yuan, which touch a six-month high of 6.8660 to the dollar.

"Investors that were last year buying risky assets rather defensively - not really removing their hedging - right now are deploying cash," said Olivier Marciot, a portfolio manager at Unigestion.

"A number of investors that were sitting on big piles of cash are starting reallocating. People are unloading cash positions into financial assets."

In France, however, protests against planned pension reforms started to hit major retailers. Supermarket Casino slumped 12% after slashing its forecast for 2019 operating profit growth because of the damage from transport strikes in the fourth quarter.

Asian markets also rose after the Chinese data, with MSCI's broadest index of Asia-Pacific shares outside Japan gaining 0.4%.

China's own blue-chip index ended 0.1% higher, down from an earlier rise of as much as 0.7%. The index has rallied more than 8.5% since the beginning of December, fuelled by hopes for improved trade relations with the United States.

Shares in Australia and South Korea both rose, with Japan's Nikkei climbing to a 15-month high.

"This is all good news and positive for the China story," said Daniel Gerard, senior multi-asset strategist at State Street Global Markets in Hong Kong.


MAINTAIN MOMENTUM?

Still, analysts say global equities may find it difficult to maintain momentum from their recent rally as optimism over the trade truce gives way to uncertainty over the next steps in trade talks.

While the Phase 1 deal signed on Wednesday may defuse the 18-month trade row, analysts said it was unlikely to ease broader friction between the two countries.

Most of the tariffs imposed during the dispute remain in place and a number of issues that sparked the conflict are still unresolved.

"The challenge from here is how long we can maintain these improvements," said Steven Daghlian, market analyst at CommSec in Sydney.

The dollar held steady, reaching eight-month highs against the yen before trimming its advance to 0.09% to 110.24. The index that tracks the dollar against a basket of six major rivals was flat at 97.302.

Encouraging data from the United States on Thursday had boosted the dollar. Upbeat earnings from Morgan Stanley, rising U.S. retail sales, a strong labour market and robust manufacturing data had helped to lift Wall Street to record highs.

Google's parent, Alphabet, became the fourth U.S. company to top a market value of more than $1 trillion. Its shares were up nearly 17% over the last three months.

For Reuters Live Markets blog on European and UK stock markets, please click on:

(Reporting by Tom Wilson in London and Andrew Galbraith in Singapore; additional reporting by Noah Sin in Hong Kong; editing by Jacqueline Wong, Shri Navaratnam, Larry King)

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2020-01-17 09:17:00Z
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China's economic growth hits 30-year low - BBC News

China's economy grew last year at the slowest pace in almost three decades.

Official figures show that the world's second largest economy expanded by 6.1% in 2019 from the year before - the worst figure in 29 years.

The country has faced weak domestic demand and the impact of the bitter trade war with the US.

The government has been rolling out measures over the past two years in an attempt to boost growth.

It comes after almost two years of trade tensions with the US - although hopes of a better relationship with America have seen improvements in manufacturing and business confidence data.

This week Washington and Beijing signed a "phase one" trade deal. However, analysts remain unsure whether those recent gains will continue.

In response to the lower growth rate, Beijing is now widely expected to roll out yet more stimulus measures.

The government has used a combination of measures aimed at easing the slowdown, including tax cuts and allowing local governments to sell large amounts of bonds to fund their infrastructure programmes.

The country's banks have also been encouraged to lend more, especially to small firms. New loans in the local currency hit a record high of $2.44 trillion (£1.86tn) last year.

Media playback is unsupported on your device

So far the economy has been slow to pick up, with investment growth falling to record low levels.

Historically, China has seen much stronger economic expansion, with the first decade of the 21st Century seeing double-digit percentage growth.

But - although that 6.1% growth rate is China's weakest expansion in almost three decades - it is much higher than other leading economies.

The US central bank, for example, has forecast that the American economy will grow by around 2.2% this year.

'The trade war may have actually helped the Chinese economy'

Analysis by Stephen McDonell, BBC China correspondent

For many countries, having the slowest GDP growth in three decades might cause panic - but not in China.

Softening domestic demand and US tariffs have eaten into growth - but some analysts argue that the trade war may have actually helped the Chinese economy.

This 6.1% GDP figure for 2019 is not only within the government's target range, but Chinese policy makers have for years been trying to gradually step down expectations.

They're trying to break away from the years of unsustainable breakneck growth which has trashed the natural environment and led to an explosion in unserviceable debt.

The government has instigated some stimulus measures to make sure the steam doesn't come out of the economy too quickly. But on bank loans, the crucial question will be - who gets access to the loans?

Will it be those building the "bridge to nowhere" vanity projects which have popped up in many regional cities?

Or will it be the promising new start-up enterprises which are seen as the future of modern Chinese development?

As part of the phase one deal, China pledged to boost US imports by $200bn above 2017 levels and strengthen intellectual property rules.

In exchange, the US agreed to halve some of the new tariffs it has imposed on Chinese products.

Speaking in Washington, US President Donald Trump said the pact would be "transformative" for the American economy.

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2020-01-17 06:15:04Z
52780556963101

China's economic growth hits 30-year low - BBC News

China's economy grew last year at the slowest pace in almost three decades.

Official figures show that the world's second largest economy expanded by 6.1% in 2019 from the year before - the worst figure in 29 years.

The country has faced weak domestic demand and the impact of the bitter trade war with the US.

The government has been rolling out measures over the past two years in an attempt to boost growth.

It comes after almost two years of trade tensions with the US - although hopes of a better relationship with America have seen improvements in manufacturing and business confidence data.

This week Washington and Beijing signed a "phase one" trade deal. However, analysts remain unsure whether those recent gains will continue.

In response to the lower growth rate, Beijing is now widely expected to roll out yet more stimulus measures.

The government has used a combination of measures aimed at easing the slowdown, including tax cuts and allowing local governments to sell large amounts of bonds to fund their infrastructure programmes.

The country's banks have also been encouraged to lend more, especially to small firms. New loans in the local currency hit a record high of $2.44 trillion (£1.86tn) last year.

Media playback is unsupported on your device

So far the economy has been slow to pick up, with investment growth falling to record low levels.

Historically, China has seen much stronger economic expansion, with the first decade of the 21st Century seeing double-digit percentage growth.

But - although that 6.1% growth rate is China's weakest expansion in almost three decades - it is much higher than other leading economies.

The US central bank, for example, has forecast that the American economy will grow by around 2.2% this year.

'The trade war may have actually helped the Chinese economy'

Analysis by Stephen McDonell, BBC China correspondent

For many countries, having the slowest GDP growth in three decades might cause panic - but not in China.

Softening domestic demand and US tariffs have eaten into growth - but some analysts argue that the trade war may have actually helped the Chinese economy.

This 6.1% GDP figure for 2019 is not only within the government's target range, but Chinese policy makers have for years been trying to gradually step down expectations.

They're trying to break away from the years of unsustainable breakneck growth which has trashed the natural environment and led to an explosion in unserviceable debt.

The government has instigated some stimulus measures to make sure the steam doesn't come out of the economy too quickly. But on bank loans, the crucial question will be - who gets access to the loans?

Will it be those building the "bridge to nowhere" vanity projects which have popped up in many regional cities?

Or will it be the promising new start-up enterprises which are seen as the future of modern Chinese development?

As part of the phase one deal, China pledged to boost US imports by $200bn above 2017 levels and strengthen intellectual property rules.

In exchange, the US agreed to halve some of the new tariffs it has imposed on Chinese products.

Speaking in Washington, US President Donald Trump said the pact would be "transformative" for the American economy.

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2020-01-17 05:06:38Z
52780556963101

China's economic growth hits 30-year low - BBC News

China's economy grew last year at the slowest pace in almost three decades.

Official figures show that the world's second largest economy expanded by 6.1% in 2019 from the year before - the worst figure in 29 years.

The country has faced weak domestic demand and the impact of the bitter trade war with the US.

The government has been rolling out measures over the past two years in an attempt to boost growth.

It comes after almost two years of trade tensions with the US - although hopes of a better relationship with America have seen improvements in manufacturing and business confidence data.

This week Washington and Beijing signed a "phase one" trade deal. However, analysts remain unsure whether those recent gains will continue.

In response to the lower growth rate, Beijing is now widely expected to roll out yet more stimulus measures.

The government has used a combination of measures aimed at easing the slowdown, including tax cuts and allowing local governments to sell large amounts of bonds to fund their infrastructure programmes.

The country's banks have also been encouraged to lend more, especially to small firms. New loans in the local currency hit a record high of $2.44 trillion (£1.86tn) last year.

Media playback is unsupported on your device

So far the economy has been slow to pick up, with investment growth falling to record low levels.

Historically, China has seen much stronger economic expansion, with the first decade of the 21st Century seeing double-digit percentage growth.

But - although that 6.1% growth rate is China's weakest expansion in almost three decades - it is much higher than other leading economies.

The US central bank, for example, has forecast that the American economy will grow by around 2.2% this year.

'The trade war may have actually helped the Chinese economy'

Analysis by Stephen McDonell, BBC China correspondent

For many countries, having the slowest GDP growth in three decades might cause panic - but not in China.

Softening domestic demand and US tariffs have eaten into growth - but some analysts argue that the trade war may have actually helped the Chinese economy.

This 6.1% GDP figure for 2019 is not only within the government's target range, but Chinese policy makers have for years been trying to gradually step down expectations.

They're trying to break away from the years of unsustainable breakneck growth which has trashed the natural environment and led to an explosion in unserviceable debt.

The government has instigated some stimulus measures to make sure the steam doesn't come out of the economy too quickly. But on bank loans, the crucial question will be - who gets access to the loans?

Will it be those building the "bridge to nowhere" vanity projects which have popped up in many regional cities?

Or will it be the promising new start-up enterprises which are seen as the future of modern Chinese development?

As part of the phase one deal, China pledged to boost US imports by $200bn above 2017 levels and strengthen intellectual property rules.

In exchange, the US agreed to halve some of the new tariffs it has imposed on Chinese products.

Speaking in Washington, US President Donald Trump said the pact would be "transformative" for the American economy.

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2020-01-17 04:45:21Z
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