Paul Volcker, at 91, Sees ‘a Hell of a Mess in Every Direction’ (Saxplayer00o1, Adam, thc0655, dcm)
Before Mr. Volcker fell ill, he finished his memoir, “Keeping at It: The Quest for Sound Money and Good Government.” The book was supposed to be published in late November, but given Mr. Volcker’s health, its publisher, PublicAffairs, a unit of Hachette, moved its release up to Oct. 30.
More than a million people have left neighboring Venezuela fleeing hyperinflation and food and medicine shortages as the oil-producing nation suffers a severe and social economic crisis.
Colombia’s government has said that if the situation worsens, the number of Venezuelan immigrants in its territory could rise to four million by 2021 and cost about $9 billion in humanitarian aid.
The move makes Femsa, one of the largest soft drink bottlers in the world, the latest multinational to downsize in the OPEC country, where a fifth year of recession and hyperinflation topping 400,000 percent annually have dented consumer demand and prompted nearly 2 million Venezuelans to migrate since 2015.
The reading will likely put pressure on the leadership to provide fresh support as investors grow increasingly concerned about a flood of cash leaving the country, which has seen the yuan and stock markets fall to four-year lows.
There are fears in Brussels that Italy’s fiscal plan will derail the reduction of the country’s debt pile — which is the second largest in the euro zone, totaling 2.3 trillion euros ($2.6 trillion). Within Europe, countries are expected to not run an annual deficit greater than 3 percent of GDP. However, in Italy’s case its debts have led to Brussels requesting that Rome work toward balancing its books.
The Treasury Department is issuing $276 billion in debt this week
Prices had surged across the country over the past five years as historically low interest rates have driven Australians to load up on debt, while investors had also cashed in.
On Friday, the Dow opened with a big round of buying, then plunged again, then wobbled all day before finally ending 287 points up. This allowed the financial world to spend the weekend relief-boozing instead of planning for The End.
The migrants continued towards the border in open defiance of both the U.S. and Mexican governments. On Monday, the U.S. embassy in Honduras released a video urging people to turn back or face detention. In Spanish, a message from the U.S. government says, “Please return to your country.”
But the caravan is rumbling forward. CBS News first saw Sergio Caceres on Sunday, when the caravan reached Mexico. He’s paralyzed and looking for work and better doctors in the U.S. He said he doesn’t even have any shoes, since he gave them to his friend.
Its opening will cut travel time across the delta from several hours to just 30 minutes, something China hopes will bind the region together as a major driver of future economic growth. Heavily regulated traffic using permits issued under a quota system will begin flowing on Wednesday.
The judge reversed course Monday and said the jurors appeared to agree with Johnson’s expert witness, Dr.Chadi Nahban, who concluded that Monsanto’s popular Roundup weed killer caused the groundskeeper’s cancer. She said the company presented its own experts who disagreed with Nahban in a debate that was up to a jury to decide.
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