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First lady Melania Trump underwent kidney surgery Monday at Walter Reed National Military Medical Center near Washington, DC, according to a statement from her office.Trump had been experiencing an issue with her kidney that her office described as benign, but requiring medical attention.Trump, who turned 48 last month, entered Walter Reed in nearby Bethesda, Maryland, on Monday morning and is expected to remain hospitalized for several days following the operation, according to the statement from her communications director, Stephanie Grisham.She is the first US first lady to undergo such a serious medical procedure while in the White House since Nancy Reagan had a mastectomy in October 1987. Rosalynn Carter underwent surgery to remove a benign lump from her breast in April 1977. Weeks after Betty Ford became first lady, she was diagnosed with breast cancer and underwent a mastectomy in September 1974.President Donald Trump remained in the White House during Melania Trump's surgery.On May 7, Trump, a relatively private first lady by comparison to her most recent predecessors, was once again front and center, this time to unveil her formal platform, Be Best. She kicked off the initiative with a Rose Garden speech lasting 11 minutes, the longest public speaking engagement during her 16-month tenure as first lady.Be Best is a three-pronged platform with a focus on opioid addiction and families, general physical and emotional well-being of children, and kindness and safety for kids using social media. The latter caused a firestorm of controversy because it encompasses cyberbullying, a tactic that Melania Trump's husband, the President, has often been accused of fueling.In March, the first lady addressed the criticism she has faced by taking up the issue during opening remarks to a meeting she convened at the White House for tech industry leaders from Google, Snap, Twitter, Facebook, Amazon and others."I am well-aware that people are skeptical of me discussing this topic," she said. "I have been criticized for my commitment to tackling this issue, and I know that will continue. But it will not stop me from doing what I know is right."Melania Trump has also appeared with her husband several times in recent weeks. He was seated in the front row during her Be Best speech, after which he made remarks praising her commitment to helping children, and he was again second to speak, after his wife, during the Military Mothers and Spouses Ceremony on Friday in the White House East Room."She's become a very, very popular first lady. I'm reading that ... They love Melania," the President said. A new CNN poll released May 7 had the first lady's favorable rating up 10 points since January to 57 percent. 2757
Following the passing of music legend Aretha Franklin, news surfaced the “Queen of Soul” did not have a will. Music icon Prince also didn’t have a will at the time of his death.How important is it to have a will?Certified financial planner Jonathan Duong says everyone should have a will, no matter your age or financial status."Even if you don't have kids, as long as your situation includes some level of basic complexity where you have different types of assets, then absolutely, a will is going to be a proper document at a minimum to have in place," says Duong. For those who only have assets like a 401k or a life insurance policy that has a designated beneficiary built in, a will might not be necessary. “But for many other things, there is no legal way to control where that asset goes without a will," explains Duong. Getting a will often times entails hiring an attorney and can cost nearly ,000, but Duong says you don’t need to spend that much to have a proper will. "Typically, their employer--if their employed with a larger company or a public organization--may offer a legal plan, within their employee benefits," says Duong. There are also online resources like willed.com or doyourownwill.com that will help you create one for less than 0. 1301

FORT WORTH, Texas -- A baseball coach at Texas Wesleyan University who told a Colorado athlete that the university doesn't accept recruits from Colorado because of past issues with drug tests has been fired.University President Frederick Slabach said in a news conference Thursday morning that Mike Jeffcoat was fired because of the email he sent to the Colorado athlete as well as an unspecified NAIA rule violation."The comments Mike Jeffcoat made are in no way a reflection of our university or its values," Slabach said. "We do not tolerate discrimination."Because of an ongoing investigation, Slabach did not provide any details about the alleged rule violation, only saying it was related to the eligibility of players and not any kind of discrimination.Gavin Bell, a senior at Cherokee Trail High School in Aurora, expressed interest in attending Texas Wesleyan University in the Dallas-Fort Worth area and joining the school's baseball program, but was rejected in an email from Jeffcoat.That email read: "Thanks for the interest in our program. Unfortunately, we are not recruiting players from the state of Colorado. In the past, players have had trouble passing our drug test. We have made a decision to not take a chance on Student-athletes from your state. You can thank your liberal politicians. Best of Luck wherever you decide to play."Texas Wesleyan's baseball program currently has at least one member from Colorado on its roster. 1461
For those would-be investors wanting to jump into the stock market but wondering which stock to buy, legendary investor Warren Buffett has a suggestion: Try buying 500 stocks instead.“In my view, for most people, the best thing to do is own the S&P 500 index fund,” Buffett said at Berkshire Hathaway’s annual meeting in May. But what is the S&P 500, and how do you invest in one of its funds?Here’s an intro to how S&P 500 funds work, and whether one might be a good fit for your portfolio.What is the S&P 500?The S&P 500, or S&P, is a stock market index comprising shares of 500 large, industry-leading U.S. companies. It is widely followed and often considered a proxy for the overall health of the U.S. stock market.Standard & Poor’s, an American investment information service, created the index in 1957. Every quarter, its investment committee meets to review which stocks belong in the index based on each company’s market size, liquidity and group representation. Today, 505 stocks constitute the index, since some of the 500 companies have more than one class of shares.Contrary to popular belief, the stocks forming the index are not the 500 biggest U.S. companies, but they are arguably the 500 most important companies. Over .2 trillion is invested through the index, with these 505 stocks representing about 80% of the total U.S. stock market’s value.The S&P 500 is a cap-weighted index, meaning each stock within the index is weighted according to its market capitalization, or total market value (number of outstanding shares multiplied by current market price). The larger the company, the greater its influence on the index.As of Aug. 31, 2020, these are the top 10 companies by index weight in the S&P 500:Apple.Microsoft.Amazon.Facebook.Alphabet, Google’s parent company (shares in classes A and C).Berkshire Hathaway.Johnson & Johnson.Visa.Procter & Gamble.How do you invest in the S&P 500?An index is a measure of its underlying stocks’ performance, so you cannot directly invest in the index itself. Buying every company’s shares would be an arduous task (think 505 separate transactions), but thankfully there are index funds and exchange-traded funds, or ETFs, that replicate the index, effectively doing that work for you.While all S&P 500 funds track the holdings of this index, an investor must consider whether using an index fund (a passively managed mutual fund) or an ETF makes the most sense for them. The good news when weighing index funds versus ETFs is that there are solid S&P 500 options in each category, and all of these products leverage the diversity of the index itself.Because the S&P 500 is weighted by each company’s market capitalization, the larger companies in the index can sometimes have an outsize impact on the performance of the larger index. In other words, a big dip in price for Apple shares can create a dip in the index as a whole. Because of this, some investors prefer to purchase the S&P 500 in an equal-weighted format, so that each company has the same impact on the index. This is meant to create an index that is more representative of the overall U.S. market.After deciding your preference for an index fund or ETF, cap-weighted or equal-weighted, you can begin narrowing down which S&P 500 fund to purchase. To minimize your costs, look into each fund’s expense ratio — the percentage of your assets you’ll pay in fees each year — to see how they compare.Fees are important here since all of these funds track the same index, which means their returns should be roughly the same. The lower the fee, the more of that return you keep.Should you invest in the S&P 500?There are a number of things to think about before you choose any investment. But an S&P fund can generally be a good choice if you want to add broad exposure to the U.S. stock market to your portfolio.“The S&P 500 is a key part of a diversified investing strategy because it’s a good bet that the U.S. economy will continue to succeed and grow in the long term,” says Tony Molina, senior product manager at Wealthfront. The U.S. has the largest economy and stock market in the world, and is one of the most resilient and active, especially when it comes to innovation. That’s why it’s a no-brainer to include the S&P 500 as part of your portfolio.”Larger companies are generally more stable to invest in because they are well-established and widely followed. Thus, these stocks usually have less risk and lower volatility. The S&P 500 combines large companies across various industries, so investors access a broad, diversified mix of companies when investing in it.Choosing an index fund or ETF can also help investors avoid — or at least minimize — the behavioral pitfalls from stock-picking, which is a losing strategy, says Dejan Ilijevski, president of Sabela Capital Markets.Ilijevski cites the May 2018 study by professor Hendrik Bessembinder at Arizona State University, which examined investments in publicly traded U.S. stocks between 1926 and 2016 and found that just over 4% of the companies accounted for the total wealth created.“Picking those few individual winners is impossible,” Ilijevski says. “Your best bet is to own as much of the market with a fund that tracks the index.”Using index funds and ETFs can help investors generate strong returns while also minimizing their costs, says Kevin Koehler, chartered financial analyst and director of the investment strategy group at Miracle Mile Advisors in Los Angeles.“Investing in the S&P 500 the past 25 years would have given an investor over a 10% annualized return, proving that an investor does not need to be paying high expenses to get good market returns,” Koehler says.Are there drawbacks to investing in the S&P 500?There are caveats to consider. The S&P 500 consists of only large-cap U.S. stocks. Portfolio diversification encompasses buying mid- and small-cap companies along with large-caps; allocating funds to international companies along with domestic ones; and including bonds, cash and potentially other asset classes with stocks.Koehler also notes drawbacks in the S&P 500 related to its market-cap weighting.“As passive investing increases, investors are continually investing in S&P 500 funds, which has contributed to a ‘rich get richer’ problem, where the largest stocks are getting larger due to S&P 500 investing, rather than individual stock investing,” Koehler says. “This can lead to higher volatility, as active managers sell an individual stock on top of index funds selling a portion. The market could continuously be overvalued compared to its underlying value.”But relative to the downsides of many investment types, the flaws of S&P 500 funds seem relatively minor, especially when used as a part of your overall portfolio and held for the longer term. This helps explain why icons like Buffett have so publicly endorsed them.“I happen to believe that Berkshire is about as solid as any single investment can be, in terms of earning reasonable returns over time,” said Buffett at the May meeting, speaking about the investing company he’s turned into an empire. “But, I would not want to bet my life on whether we beat the S&P 500 over the next 10 years.”More From NerdWallet4 Ways Women Can Invest in Other WomenHow the Pros Ride Market Volatility — and Why You Shouldn’tIf Doing Less Means Saving More, Try These 5 Money MovesTiffany Lam-Balfour is a writer at NerdWallet. Email: tlambalfour@nerdwallet.com. 7573
Fifty- three years ago, Richard and Mildred Loving changed the nation by saying, "I do."The couple got married on June 2, 1958, in Washington D.C but when they returned to Caroline County, Virginia, they were arrested because their marriage wasn't legal.Richard was White and Mildred was Black and their marriage violated the Racial Integrity Act of 1924.Richard and Mildred were charged with unlawful cohabitation and given two options: either continue to serve jail time or leave Virginia for 25 years.The couple faced ostracism and threats, but they took their case to the U.S. Supreme Court to challenge the state's ban against interracial marriage.On June 12, 1967, that case – Loving v. Virginia – produced a landmark decision by the U.S. Supreme Court to strike down laws in 16 states prohibiting interracial marriage.Every year supporters celebrate Loving Day – a day to reflect on and celebrate multicultural unions.Their story was depicted in the 2016 movie “Loving” as well as the 2011 documentary “The Loving Story.”This story was first published by WTVR's Sarah Danial. 1090
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