The lawsuit, filed in U.S. District Court for the Western District of Michigan, charges that the township discriminated against persons with disabilities based on its treatment of a group home for persons recovering from drug and alcohol addiction and its failure to grant a reasonable accommodation or modification to the owner of the group home.

The Justice Department announced today that Dalton Township, Mich., will pay $62,500 to settle a lawsuit alleging that the township discriminated against a group home for persons recovering from drug and alcohol addiction, in violation of the federal Fair Housing Act and Title II of the Americans with Disabilities Act.

We wander about the unknown terrains of life, complacent about what we know and oblivious to what we miss

It was only a generation ago when many Americans left downtowns for dead. From New York to Chicago to Los Angeles, residents fled urban cores in droves after World War II. While many businesses stayed, it wasn’t uncommon to find entire downtowns with little street life after 5:00 PM. Many of those former residents relocated…

It was only a generation ago when many Americans left downtowns for dead. From New York to Chicago to Los Angeles, residents fled urban cores in droves after World War II. While many businesses stayed, it wasn’t uncommon to find entire downtowns with little street life after 5:00 PM. Many of those former residents relocated…

As COVID-19 requires more and more swaths of the country to shelter at home, broadband is more essential than ever. Access to the internet means having the ability to work from home, connecting with friends and family, and ordering food and other essential goods online. For businesses, it allows the possibility of staying open without…

It was only a generation ago when many Americans left downtowns for dead. From New York to Chicago to Los Angeles, residents fled urban cores in droves after World War II. While many businesses stayed, it wasn’t uncommon to find entire downtowns with little street life after 5:00 PM. Many of those former residents relocated…

As COVID-19 requires more and more swaths of the country to shelter at home, broadband is more essential than ever. Access to the internet means having the ability to work from home, connecting with friends and family, and ordering food and other essential goods online. For businesses, it allows the possibility of staying open without…

It was only a generation ago when many Americans left downtowns for dead. From New York to Chicago to Los Angeles, residents fled urban cores in droves after World War II. While many businesses stayed, it wasn’t uncommon to find entire downtowns with little street life after 5:00 PM. Many of those former residents relocated…

As COVID-19 requires more and more swaths of the country to shelter at home, broadband is more essential than ever. Access to the internet means having the ability to work from home, connecting with friends and family, and ordering food and other essential goods online. For businesses, it allows the possibility of staying open without…

It was only a generation ago when many Americans left downtowns for dead. From New York to Chicago to Los Angeles, residents fled urban cores in droves after World War II. While many businesses stayed, it wasn’t uncommon to find entire downtowns with little street life after 5:00 PM. Many of those former residents relocated…

Pietro Nivola writes that despite American federalism's benefits, the economic crisis of the past few years served as reminder that federal, state and local policy can at times serve at cross-purposes.

TranquiliT may be better known for its downward-dog-friendly garb, but the erstwhile yoga-wear label is now rocking the frock, matrimonial style. Outfit the femmes of your bridal party—bride, bridesmaids, and flower girls—in 95 percent organic bamboo

Cities and towns with good public-transit options offer more convenience for residents and are, of course, more environmentally friendly places to live. Now it

Cut the grass will you?...Are you done edging?....Time to water the

It's catching on: homeowners letting lawns go fallow during the summer without wasting resources on watering. When I lived in Seattle it was a common practice. After the grass turns brown, come fall,

For all those of you who insist on green lawns, for your kids to play on or your dogs to roll in, you still don't have to lay down a carpet of thirsty bluegrass, which 95% of American lawns

In an effort to support local food production and defend customers' rights to buy and eat whatever local farm products they want, 16 towns in Maine have created their own local food ordinances.

What is in your drinking water? It turns out there may be more than we know.

When Governor Sonny Perdue of the US State of Georgia filed a legal complaint and then formally asked for the support of the Bush Administration to force the US Army Corps of Engineers to stop releasing water from Atlanta's Lake Lanier, perhaps he did

This beautiful area near Salida, Colorado, could become the next national monument, with your help.

Oil prices pared losses to turn higher on Monday, despite worries that a global oil glut may persist even as coronavirus pandemic lockdowns start to ease and amid a fresh spat between the United States and China over the origin of the virus.

Oil prices climbed in early trade on Tuesday, adding to gains in the previous session, on expectations that fuel demand will begin to pick up as some U.S. states and nations in Europe and Asia start to ease coronavirus lockdown measures.

Researchers at Cambridge University and the U.S. Federal Reserve Board found that imposing no lockdown measures in the face of Covid-19 was "extremely risky" for developed economies.

"That's going to tug against what the governors have to do," the former FDA chief told CNBC. "We still face a pretty big epidemic in this country."

Despite the "unexpected and unprecedented times" due to Covid-19, the company, said Tuesday that it and French automaker PSA Group "remain committed" to a previously announced merger of equals.

Exxon Mobil reported a loss in the first quarter as oil prices dropped to historic lows.

China's exports could weaken in May, possibly also in June, as some of its largest export markets in the West have been under lockdown due to the pandemic, says Ray Farris, Credit Suisse's chief investment officer for South Asia.

Italy, Belgium and Portugal are reopening some business activities on Monday as they take their first tentative steps to lifting their coronavirus lockdowns.

Consumers reined in spending faster than expected in the first quarter, probably even before states issued stay-at-home orders.

First the asylum seekers were used to further Turkey’s regional ambitions, now they are made to suffer in quarantine camps

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At the beginning of March, thousands of refugees gathered in the shadow of the Pazarkule border gate in Turkey after President Recep Tayyip Erdoğan said he would “open the gate” to Europe.

The move was a reaction to the killing of 33 Turkish soldiers in Idlib province on 28 February and designed to exert pressure on the EU and Nato to support its military operation in northern Syria.

Here’s a thing I keep noticing, and it drives me nuts. In Italy, a ship captain is arrested for bringing immigrants to shore after rescuing from them near death at sea: The number of migrants reaching Italy’s shores has drastically diminished – just 2,800 so far this year – and the country is now led… Continue reading They Say There’s No Room for Immigrants While Desperate Rural Towns Lie Empty All Across the Western World

Part 8 of an exclusive look into the madness that was being an employee of 'Tiger King," a controversial zoo that is the subject of a wildly popular new Netflix documentary series.

Women and children are experiencing unprecedented levels of abuse and violence at home as stress and anxiety continue to mount due to the pandemic.

The Indian equity markets are on a rollercoaster with the uncertainty surrounding the COVID-19 pandemic. It's been a nerve-racking experience for investors and wealth has been eroded.

As we continue to battle COVID-19 with lockdown 3.0, on a year-to-date basis the S&P BSE Sensex is down -23.9% as of May 5, 2020, (see Table 1 below).

Table 1: Wealth erosion across market cap segments

Balanced Hybrid Funds that are supposed to be balanced and protect downside risk have gone on to erode investors' wealth by seldom maintaining a 'fair balance' and displaying unreasonable love and exuberance for equities plus for taxation reason -- to be treated as an equity-oriented fund. (see Table 2 below).

Similarly, many multi-asset funds that hold the mandate to invest with allocation across three asset classes i.e. equity, debt and gold with minimum 10% in each have posted negative returns (see Table 2 below).

Table 2: Report card of Balanced Hybrid Funds and Multi-Asset Funds

ICICI Prudential Multi-Asset Fund, HDFC Multi-Asset Fund, and UTI Multi-Asset Fund, in particular, have not lived up to the expectation and the trust evinced by investors (going by their AUM size). Not just are their recent returns amidst the outbreak of COVID-19 crisis unappealing, but even the 3-year and 5-year compounded annulaised return is nothing to vie for. This is because they haven't been able to sensibly allocate to the three key asset classes: equity, debt and gold, and play the investment strategy astutely.

On the other hand, the Quantum Multi-Asset Fund of Funds (QMAFOF) has depicted true balance backed by its sensible investment strategy arrested the downside risk and relatively fared better vis-a-vis its peers over 3-year and 5-year time periods.

The Quantum Multi-Asset under normal circumstances by maintaining 25%-65% exposure to units of equity schemes (vide Quantum Long Term Equity Value Fund, Quantum Nifty ETF); 25%-65% exposure to units of debt and money market instruments (vide Quantum Liquid Fund, Quantum Dynamic Bond Fund); 10%-20% in units of gold schemes (vide Quantum Gold ETF); and up to 5% in money market instruments, Short-term Corporate Debt securities, Tri-Party Repo, Repo/ Reverse Repo in Government securities and Treasury Bills has been able to generate modest, yet appealing returns than the rest, and mitigated the risk by diversifying across asset classes: equity, debt and gold.

Historically it is proved that all classes never move in the same direction -- up or down -- at the same time. There could be times when certain asset classes perform better than the other and/or show an inverse relation to another (see Table 3).

Table 3: Here's how various asset classes fared per calendar year

If your multi-asset fund strategically allocates between equity, debt, and gold sensing the pulse of each asset class, maintains balance, and takes calculated risk sensible wealth creation is possible.

In the on-going COVID-19 crisis, equities will remain volatile, but given the sharp correction, there are and will be, enough long-term value-buying opportunities with a decent margin of safety.

Gold in such uncertain times would continue to gain all the attention. Easy monetary policy action and accommodative stance to address growth concerns, a record-high debt-to-GDP ratio, trade war tensions, geopolitical tensions, the potential risk to the inflation trajectory mainly due to food prices, increased stock market volatility, and the U.S. Presidential election in November 2020 are some of the factors expected to work in favour of gold. The precious yellow metal will demonstrate its trait of being a portfolio diversifier, a hedge (when other asset classes fail to post alluring returns), and command a store of value.

And speaking of debt & money market instruments, with exposure to highly rated papers and predominantly government securities, will act as a stabilizer.

A unique aspect of QMAFOF is that it has always taken relative valuations between asset classes into consideration, such as:

• Price-to-Earnings relative to historical averages;
• The relationship between earning yield to bond yield relative to historical averages; and
• Macroeconomic factors prevailing globally and within India

It is this wide-ranging and sensible approach that has helped QMAFOF to protect against the downside risk and reward its investors better than many of its peers. The fund managers, Mr Chirag Mehta (MMS - Finance, M.Com, and CAIA with over 13 years' experience in research and investments) and Mr Nilesh Shetty (B.Com, MMS -Finance, and CFA with collectively 16 years in equity markets), have strategically moved in and out of the aforesaid asset classes wisely recognising their upswings and downswings.

[Read: Why Tactically Invest Across Asset Classes amidst COVID-19 with Quantum Multi-Asset Fund Of Funds]

The choice is completely yours: to stay invested in a 'Balanced Hybrid Fund'/ Multi-Asset Fund that does not show true balance and keep harming your health and wealth; or make a sensible move and switch over to Quantum Multi Asset Fund of Funds that is truly balanced and has sensibly generated wealth for investors without the shrieking experience of a rollercoaster.

Wish to invest in Quantum Multi Asset Fund of Funds? Click here.

Happy Investing!

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Author: Rounaq Neroy

This article first appeared on PersonalFN here.

PersonalFN is a Mumbai based personal finance firm offering Financial Planning and Mutual Fund Research services.

Disclaimer:
The views mentioned above are of the author only. Data and charts, if used, in the article have been sourced from available information and have not been authenticated by any statutory authority. The author and Equitymaster do not claim it to be accurate nor accept any responsibility for the same. The views constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the reader. Please read the detailed Terms of Use of the web site.

Doctors and nurses in England will be asked to treat Coronavirus patients without fully protective gowns and to reuse equipment due to shortage fears, a media report said on Saturday.

The decision came in a reversal of guidance to hospitals from Public Health England (PHE) on Friday. Earlier this week, it was reported that the plan was being considered as a "last resort". It comes as National Health Service (NHS) providers warned some hospitals' supplies could run out in 24 hours. Chris Hopson, head of the association, which represents healthcare trusts across England, said in a tweet: "We have now reached the point where the national stock of fully fluid repellent gowns and long-sleeved laboratory coats will be exhausted in the next twenty-four to forty-eight hours."

He said that national leaders have left "no stone unturned" —but gowns that were ordered weeks ago are currently only arriving in "fits and starts". PHE changed its guidance, which until now required long-sleeved, disposable, fluid-repellent gowns for people treating COVID-19 patients. Now it says that if these gowns were not available, staff can wear washable medical gowns or non-fluid- repellent equipment. At least 50 NHS workers have died after contracting the virus. The UK has recorded a total of 1,04,769 Coronavirus cases with 14,607 deaths.

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Baloxavir with trade name Xofluza, is the first treatment for influenza with a new mechanism of "action" to be licensed in around 20 years. It was already

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Number of novel coronavirus cases in India soared to 46,433 with 32,138 active cases, despite a 40-days and above lockdown period completed in an effort to contain the spread of the COVID-19.

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