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Exposure to Unattractive-or-worse rated stocks is similar at 20% for KIE and 18% for XLF, although this is more than offset by KIE’s Attractive-or-better rated stocks. Given the high allocation to Attractive-or-better rated stocks, and equal allocation to Unattractive-or-worse rated stocks relative to the benchmark XLF, KIE appears well positioned to capture upside potential while taking on an average level of downside risk. Compared to the average ETF or mutual fund, KIE has a better chance of generating the outperformance required to justify its management fees above the cost of the XLF benchmark. KIE Represents Financials Sector “Value” True value investing still works despite the proliferation of passive strategies. KIE is a good example of how to utilize a relatively low-cost, passively-managed ETF to make an “active” investment decision. The ETF’s sub-sector focus does an effective job allocating capital to higher-quality companies with lower relative valuations, the cornerstone of the value investing discipline. Figure 2 contains our detailed fund rating for the Insurance Sector SPDR (KIE), which includes each of the criteria we use to rate all funds under coverage. These criteria are very similar to our Stock Rating Methodology, because the performance of a fund’s holdings equals the performance of a fund. The results of this analysis reveal important information for investors in KIE. Figure 2: Insurance Select Sector SPDR (KIE) Rating Breakdown Sources: New Constructs, LLC and company filings The return on invested capital ( ROIC) for KIE’s holdings is 8%. These returns are in line with 8% ROIC earned by Financial Select Sector SPDR Fund (XLF) holdings and slightly below above the 9% average for 465 Financials stocks under coverage. As one can see, there is little variation between the holdings of KIE, XLF and the average Financials sector stock in terms of ROIC, which is the primary driver of stock prices. The primary advantage of KIE holdings is in their valuation and lower embedded market expectations. The market-implied expectations for future profits baked into the prices of KIE holdings are meaningfully lower than for those for XLF holdings. The price to economic book value ( PEBV) ratio for KIE is 1. compared to 1.

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Regarding their structure, the dedications tend to follow a general pattern of: 1) presenting the work to the patron; 2) explaining why he or she has been chosen as such; 3) and entreating him or her for protection (1971, 9). Dedicatory epistles sometimes reflect on political affairs, or comment on play production, actors or the circumstances of the premiere, and even indulge in criticism, hence their relevance in literary studies. According to Archer, dedications display four conventions of patronage: 1) a request for permission to dedicate the play; 2) praise of the addressee; 3) a request for protection; 4) some allusion to the expectation of reward (1971, 9). To these, we could add the fact that, since dedications are asymmetrical forms of gift exchange, they are naturally offered to someone higher in social rank. 2. Sedley’s dedication of The Mulberry Garden Most of the Restoration dramatic dedications conform to this pattern and exhibit the conventions of dedicatory writing. However, Sedley’s dedication of The Mulberry Garden (1668) to the duchess of Richmond and Lennox stands out for a number of reasons. First, although the duchess surpassed him in rank, Sedley did not at all require her support or protection, as he was a member of King Charles’s intimate coterie. From the early years of the Restoration, Sir Charles Sedley had joined the “Circle of Wits”—as they were eventually called—whose company the king much enjoyed (Pinto 1927, 54). In 1661 the duke of Ormonde told the chancellor, the earl of Clarendon, that the king “spent most of his Time with confident young Men, who abhorred all Discourse that was serious, and. preserved no Reverence towards God or Man, but laughed at all sober Men, and even at Religion itself” (Hyde 1759, 2:85; Pinto 1927, 54). Sedley is said to have excelled among this group of courtiers for his conversation and ready wit, “which usually took the form of absurd similes which convulsed his hearers with laughter” (Wilson 1948, 68). Sedley’s reputation as a wit made the announcement that he had written a comedy for the King’s Company arouse great expectation among London playgoers. The Mulberry Garden opened on 18 May 1668, attracting large crowds to the Drury Lane theatre, including the diarist Samuel Pepys. When entering, Pepys found “the house infinitely full” and among the audience he distinguished “the King and Queen,. and all the Court” (Latham and Matthews 1976, 9:203).


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I watched Therapy and it’s really just pieces of the film that have foun footage moments so I was disappointed but all these trailers for upcomig f. . movies look insanely great. I’ll write tomorrow to let you know what I thought. I watched it because I’m a found footage freak and I can say I got my nights worth. I did like it. Maybe I’m sick? You have to take a look because it’s pure in its form and it’s pretty low budget. One of them is directed by Adrian Tofei who did Be My Cat. It’s called We Put the World To Sleep and it is a complete mystery what the plot is. I’m pretty sure the director is keeping a tight knot around the plot of the film so it will be that much better when it comes out. The movie I’m most looking forward to is the sequel to The Tunnel. All i could find was that the plot consists of Tangel’s sister searching for her brother in the hellish tunnel from the first movie. No idea when these are being released but thankfully they’re being made. I have heard about his upcoming release but I have to wait until he sends me a password to his screener before I can watch it. Sunday night.


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His attorney, Mahbuba Ahmed, said he would appeal the ruling. Bangladesh was ranked the 13th most corrupt country in a global index released by Transparency International in January. Graft is a major political issue and feuding political parties often accuse each other of being corrupt. Girl denied bail: A Pakistani court refused bail Wednesday to an Afghan woman immortalised on a National Geographic cover after she was arrested in Pakistan and accused of being one of thousands of refugees using fake ID cards. Pakistan last week arrested Sharbat Gula, whose haunting green eyes captured in an image taken in a Pakistan refugee camp by photographer Steve McCurry in the 1980s became the most famous cover in the magazine s history. She was accused of living in the country on fraudulent identity papers following a two-year investigation into her and her husband, who has absconded. Interior Minister Chaudhry Nisar Ali Khan told a press conference on Sunday the country would review her case on the grounds that she is a woman and the government should see it from a humanitarian angle. However a judge in the northwestern city of Peshawar rejected bail for Gula, saying she had failed to make her case. Pak frees nearly 2K: A Pakistani government spokesman says police have released nearly 2,000 opposition party supporters of cricketer-turned-politician Imran Khan who were detained ahead of planned anti-government protests. Rana Arshad says most of Khan s supporters were set free from Punjab province jails on orders from Chief Minister Shahbaz Sharif. Khan s party had threatened to lock down the capital on Wednesday to force Prime Minister Nawaz Sharif to resign over a money scandal. A Filipino man passes by fl owers and candles laid beside pictures of missing left-wing activists during a gathering of relatives and friends in downtown Manila, Philippines on Nov 2. Having no grave or cemetery to visit, the relatives gather each year, bearing candles and fl owers, and demand that the government take steps to produce their loved ones, dead or alive. (AP) Philippine President Rodrigo Duterte (2nd left), waves to Vietnamese fi shermen (not pictured) aboard their boats as they set sail during a send-off ceremony at the wharf in Sual town, Pangasinan province, north of Manila on Nov 2. Duterte on Nov 2 personally saw off 17 Vietnamese fi shermen who had trespassed in Philippine waters, after ordering their release in a gesture of friendship towards Hanoi. At a send-off ceremony, Duterte told diplomats and government officials that he had ordered the charges to be dropped since the men had only entered Philippine waters to avoid bad weather.


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Cohen and supermodel Naomi Campbell are good friends, texting back and forth all the time, strolling arm in arm into high profile events. But when Cohen, 48, cancelled an evening out with Campbell because he was just so busy - there was a sudden there silence. At one point, he was told Campbell, 46, was out of the country, but then he saw a picture of her at an AmfAR event in New York City. 'She must be pissed at me! he writes in his diary, which dates from September 2014 to May 2016, adding that he's kind of excited to have Campbell explode at him at some future date. The two then talked things out, and Cohen left in good standing, though somewhat disappointed. Cohen recalls asking Cher to host a monthly talk show on his SiriusXM channel, Radio Andy. A meeting was set up with the still stunning 70-year-old pop icon at her mansion in Malibu, California. Cher texted him twice demanding to know what food and drink she should serve. To placate her, Cohen asked for a bottle of Whispering Angel. 'Whispering what? Cher snapped. But when Cohen and Cher had their sit down in her living room, the bottle of rose was on hand. A reluctant Cher even perked up when he told her she could to do the show from home. But she began worrying about her haters, and just how many more people would hate her if they ever heard what she actually thought about things. Cohen remained hopeful, though, and thought it wise not to overstay his welcome.


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It may at first seem like a joke to suggest politics in our country starts mimicking Trump’s misogyny. Our political parties need to accept there is a problem, start dealing with it properly, and stop shutting women out of politics. If Trump’s victory teaches us anything, it is that we have a long way to go before men are held to account for their actions and women feel welcome in politics. Bex Bailey is a member of the Labour Women's Network committee and was on the party's ruling NEC from 2013 to 2016. The sound of drumming echoes against this hulk of a building, constructed in the 1930s in the Italian fascist style. On the wall behind Haddad, a turbulent abstract painting by the late Tomie Ohtake looms like a diabolical halo, angry black on deep red. Haddad, who was elected as the mayor of Brazil’s largest city in 2012, exudes a combination of impatience and control. That tranquillity is now proving useful: on 2 October, he failed to win a second term as mayor. Brazil’s municipal elections were an disaster for the centre-left Partido dos Trabalhadores (PT) or Workers’ Party. As well as Sao Paulo, the PT lost control of more than half of the country’s cities. Rousseff was removed from office on a charge of fiscal wrongdoing on 31 August, in what her supporters believe was a political vendetta crossed with an old-fashioned power grab. It was a kind of soft coup, they claim, which was followed by the rapid installation of a rightist economic and political agenda under her vice-president in the old coalition government, Michel Temer. The mayor-elect of Sao Paulo, Joao Doria, who won the election by 53. per cent to Haddad’s 16. per cent and who takes office on 1 January 2017, is a peppy, preppy millionaire businessman. In an uncomfortable parallel with Donald Trump, Doria is a former presenter of Brazil’s version of The Apprentice and a self-proclaimed “non-politician” who stood for the centre-right Partido da Social Democracia Brasileira (PSDB) or Party of Brazilian Social Democracy.


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Allies and the surrounding region are likely to be impatient, and there is good reason to worry that Pakistan's voters will tire of terror long before the government sorts itself out. Indeed, a hasty treaty with insurgents -- distressingly similar to one that failed two years ago -- already conflates motion with progress. And familiar worries will continue to plague the government: no one knows what the army -- thus far unusually cooperative -- will do if a new political compact doesn't show immediate progress. The whims of a truculent president who refuses to step down are unknown, too. If parliament can't survive the enormous pressures of this transition to civilian government, these policies, if not the parliament itself, may be short-lived. The Problem With Pakistan's Government Had we understood the basis of why these powers were opposed to our nuclear capability, we would have spent less energy and even fewer national resources in trying to satisfy them. Now while Dr Khan continues to suffer, all others of his so-called network are free souls and the Swiss government has actually destroyed the records involving their countrymen since they felt this was a threat to the country's defence and security. If the US is presently riding roughshod all over our national life it is because we have allowed them to do so. Today, as our leaders quiver like pygmies, our nuclear achievement lies wasted and the achievers' are either incarcerated or killed. Finkelstein, the son of a Holocaust survivor who has accused Israel of using the genocidal Nazi campaign against Jews to justify its actions against the Palestinians, was detained by the Israeli security service, Shin Bet, when he landed at Tel Aviv's Ben Gurion airport on Friday. Finkelstein is one of several scholars rejected by Israel in the increasingly bitter divide in academic circles, between those who support and those who criticise its treatment of Palestinians. US Academic Deported and Banned for Criticizing Israel I have witnessed how the Taliban rule the Pakistani Mohmand and Bajaur tribal agencies and the Kunar Valley without any formal government. The Taliban are more a feeling than a physical presence in these tribal areas, yet they are a force that can transform society. AT WAR WITH THE TALIBAN, Part 3 In the footsteps of Osama. By Syed Saleem Shahzad ( Part 1: Ducking and diving under B-52s Part 2: A fighter and a financier ) Richard Feynman, a Nobel Laureate physicist, had an interesting practical test that he applied when reaching a judgment about a new idea: Did it explain something unrelated to the original problem. In other words, What can you explain that you didn't set out to explain.


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