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Did You Know?


DID YOU KNOW? California power costs around 15.7 cents a kilowatt-hour, compared with 11.2 cents in Oregon and 9.7 cents in Washington state. New Yorkers pay around 21 cents, 54% higher than the national average! (bls.gov)
 
DID YOU KNOW? Outstanding yuan property loans grew 20% from a year earlier to 38.7 trillion yuan ($5.72 trillion) by the end of December, compared with 20.9% growth in 2017, the People’s Bank of China said in a quarterly financial report. Outstanding mortgage lending climbed 17.8% year-on-year to 25.75 trillion yuan by the end of 2018, below a 22.2% rise in 2017, the data showed. (CNBC)
 
DID YOU KNOW? The $1.5 trillion tax cut appears to have had no major impact on businesses’ capital investment or hiring plans, according to a survey released a year after the biggest overhaul of the U.S. tax code in more than 30 years. The National Association of Business Economics’ quarterly business conditions poll found that while some companies reported accelerating investments because of lower corporate taxes, 84% of respondents said they had not changed plans. That compares to 81% in the previous survey published in October. However, 50% of respondents from the goods-producing sector reported increased investments at their companies, and 20% said they redirected hiring and investments to the US from abroad. (CNBC)
 
DID YOU KNOW? At least 8 of the largest investment banks in London, including Bank of America Merrill Lynch, Citigroup, Goldman Sachs and JP Morgan, have said they will shift a significant proportion of their operations to Europe irrespective of the outcome of Brexit. 7,000 of the 1,1 million financial sector jobs could leave London. (FN)



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