Amy Coney Barrett, Donald Trump’s latest controversial nominee for the US supreme court, will tell senators in her high-stakes confirmation hearing this week that she will approach cases based on the law, not her personal views, as Democrats urged her to step aside on upcoming contentious cases.

Barrett, a fervent Catholic with a record of opposing abortion rights, will say that courts “should not try” to create policy, during Monday’s opening remarks, which were obtained by multiple media outlets on Sunday.

Barrett, a Trump-appointed judge now serving on the US seventh circuit court of appeals, will also say that she’s “done my utmost to reach the result required by the law, whatever my own preferences might be” in her present position. Senate Democrats are expected to grill Barrett on this.

Trump nominated Barrett to replace liberal Justice Ruth Bader Ginsburg, who died in September at the age of 87. If the Republican-controlled Senate confirms her, which is considered likely, it will create a 6-3 conservative majority in the country’s highest court.

Many conservatives hope such a majority will overturn Roe v Wade, a 1973 supreme court ruling that legalized abortion across the US.

The Senate has never confirmed a supreme court justice so close to a presidential election. Democrats have tried unsuccessfully to delay the confirmation proceedings, because of the close-looming election and coronavirus pandemic, which has killed more than 214,000 people in the US and infected more than 7.7 million.

Multiple attendees at the Rose Garden ceremony where Trump announced Barrett’s nomination two weeks ago have been diagnosed with Covid-19, including the president himself.

Republicans are rushing to confirm Barrett in advance of the 3 November election, in time to weigh a high-profile case that can undermine the Affordable Care Act, also known as Obamacare. And if they confirm

Thesis

Broadstone Net Lease went public in late September of this year. The company’s diversified portfolio insulates it from covid risks. Its stable properties have been protected by essential tenants, keeping rental collections above 90% for Q2. With a superior portfolio, ample acquisition opportunities post-IPO, and a discounted valuation, Broadstone is positioned to benefit from the K-shaped net lease recovery.

Diversified Portfolio

Broadstone has a highly diversified portfolio consisting of industrial, healthcare, office, restaurant, and retail properties. A majority of BNL’s portfolio consists of industrial (44%), healthcare (20%), and office (10%), all of which are subject to very little negative impact from covid. Each of these three sectors had over 95% Q2 rental collection rates.

Source- 10-Q

These three sectors also provide protection against the growth in e-commerce, a potential long-term threat to the viability and necessity of net lease properties.

Industrial Portfolio

  • Set to benefit from the increasing penetration of e-commerce, as e-commerce is less efficient than brick and mortar in utilizing industrial space. At the end of 2019, e-commerce consisted of just 15% of total retail sales. This number jumped to 25% by May 2020 due to the increased adoption of e-commerce.

Healthcare Portfolio

  • Medical properties have been largely insulated from e-commerce penetration. The country’s aging population will continue to drive demand for such properties.

Office Portfolio

  • While high rise office properties located in urban cores are high risk long-term due to high rental costs and growing adoption of work from home, BNL’s portfolio is concentrated in single tenant properties in non-core markets. Such properties have seen increased tenant and investor demand as the urban to suburban shift may be in early stages, and many companies are seeking suburban, satellite outposts and offices to relocate or expand to.

Lack of Experiential Real Estate

Experiential real estate was viewed

Is that weird?

Not when you find out what Stuff, formerly known as Delegate, sells. For $50 a month, its mobile app gives you instant access to a network of personal assistants around the United States. They handle tasks such as sending flowers, finding a plumber, or booking the perfect rental home for a family ski vacation. You communicate with them via Stuff’s app — which feels similar to text messaging.

People like Ain, who runs a 12,000-person company, have their own personal assistants on payroll; his has been working alongside him for 25 years. “If she found out I was using Stuff, she’d come to my house and punch me in the nose,” he says.

So Stuff is a bit like Uber, Zipcar, or Turo — disruptive startups that give you access to a nice set of wheels at a much lower price than buying them outright. “It democratizes something that wasn’t really readily available,” Ain says.

Stuff CEO Ohad Elhelo likes to say that the company’s users get access to their own “chief of Stuff.” Other investors in the company’s latest funding round, announced last week, include Joshua Boger, the former CEO of Vertex Pharmaceuticals, and real estate developer Douglass Karp.

Elhelo is a former intelligence officer in the Israeli military who came to Boston to earn bachelor’s and master’s degrees at Brandeis University. While he was there, he started a nonprofit called Our Generation Speaks, which provided business training and mentorship to Israeli and Palestinian entrepreneurs.

At the time, Elhelo says, “I was extremely overwhelmed.” So he signed up for a service from Zirtual, an Ohio company that assigned him a personal assistant. “I worked with her for three years, and saw how sticky their service was,” he says. “But I also saw the shortcomings. She was

Emerging markets have had different approaches to coping with COVID-19 and are at different stages of recovery. Our emerging markets equity team examines trends, news and data shaping emerging markets in the third quarter, and shares its latest outlook.

Three Things We’re Thinking About Today

  1. Brazil has been among the hardest hit by the COVID-19 pandemic, just behind the United States and India in the number of reported cases. However, we have started to see the number of new cases in Brazil start to decline. Ironically, we believe that the government’s decision against implementing a country-wide lockdown at the onset of the pandemic has reduced the likelihood of a second wave. Heavy government spending and monetary policy easing have helped bring some stability to the economy. Moreover, Brazil has continued to implement key reforms despite political noise. In terms of investment opportunities, we continue to favor the financials sector, especially companies with strong capital market exposure. Interestingly, Brazil’s stock exchange itself has a strong sustainability agenda, while environmental, social and governance (ESG) principles are not only implemented within the exchange itself, but also promoted in the Brazilian stock market broadly. E-commerce is another exciting investment theme, with several large players competing in the online space. As in other countries, the COVID-19 crisis has accelerated the adoption of internet-based retailing in Brazil. Despite continued uncertainties, our view on Brazilian equities is generally positive.

  2. The COVID-19 pandemic has underscored the importance of health care in China, reinforcing existing structural trends that could drive a new wave of innovation in the country. Multiple factors are propelling domestic drug and medical device development including rising health care demand, an aging population, growing lifestyle diseases and rising income, coupled with government efforts to strengthen the health care system. In addition, the growing numbers of overseas-educated

A growing number of U.S. courts are ruling against employers who’ve filed insurance claims for business interruption coverage stemming from government-ordered coronavirus shutdowns.

The Insurance Information Institute reports insurers have won more than a dozen cases since May, with judges ruling that the policies only kick in if a property sustains physical damage. The business owners had argued that the coverage should have started when local or state governments issued stay-at-home orders that hampered their ability to operate.

A couple of Charleston-area cases are still pending in federal court. Black Magic Cafe says its losses started on March 17, when Gov. Henry McMaster ordered a temporary halt to dine-in services at South Carolina restaurants.

The historic Calhoun Mansion at 10 Meeting St., now known as The Williams Mansion, sued its insurer after a McMaster executive order shut down museums.



Charleston cafe takes on insurance firm in fight over coronavirus claims

A bill that would have required insurance carriers to cover coronavirus-related business losses — co-sponsored by Sen. Sandy Senn, a Charleston Republican, and Sen. Marlon Kimpson, a Charleston Democrat — was introduced in the S.C. Statehouse in April but went nowhere.

Recent court rulings indicate the local cases might be a losing cause.

For example, Judge Thomas Thrash last week dismissed a federal lawsuit brought by restaurant in Georgia, ruling that a government stay-at-home order did not cause the business to sustain direct physical loss of or damage to its insured property or surrounding premises.



Owner of Charleston's historic Calhoun Mansion suing insurer over COVID-19 claims

Similarly, a U.S. District Court judge in Florida last month dismissed a trade show display company’s claims, saying “the plain language of the policies reflect that actual, concrete damage is necessary.”

And in another ruling in California last month, Judge Cathy Ann Bencivengo ruled against a pair of barbershops, stating: “Most courts have rejected these claims, finding that the