Fidel Castro had held on to power longer than any other living national leader except Queen Elizabeth II. He became a towering international figure whose importance in the 20th century far exceeded what might have been expected from the head of state of a Caribbean island nation of 11 million people.
Breaking News on the War on Cash: Now Spain (Aaron M.)
Currently, violence spawned by this anti-cash trend can be seen in such countries as Uruguay and India where cash banning on large bills has ignited significant social chaos already. India is in the throes of riots while Uruguay has been hit with a nationwide strike aimed in part at derailing a mandate that all employers must pay employees electronically via a bank account, starting as soon as March.
As the Rupee crashed to a record low overnight, officials announced a suspension of the exchange of ‘old notes’ as of tomorrow to, in their words, “encourage people to deposit old notes in their bank accounts.” With as much 60% of banknotes still un-exchanged, we suspect chaos will be the operative word for the immediate future.
Those with old notes will still be allowed to deposit them into their bank accounts until Dec. 31, but not permitted to do outright exchanges.
The notice said anyone found on the Corps’ land north of the Cannonball River after December 5 “will be considered trespassing and may be subject to prosecution under federal, state, and local laws.” It also said anyone staying on the lands would do so “at their own risk, and assume any and all corresponding liabilities for their unlawful presence and occupations of such lands.”
Trump has done little to set boundaries between his personal and official business since winning the presidency.
He has indicated that his children may take over the business, but he has also appointed them to formal roles with his presidential transition and included daughter Ivanka on calls with world leaders. And he has continued to offer signs that he may remain engaged, at least on some level, in his private ventures.
In statement, the Wisconsin Elections Commission said it had received two recount petitions from the Jill Stein campaign and from Rocky Roque De La Fuente, a businessman who ran unsuccessfully to be the 2016 Democratic presidential nominee.
“The Commission is preparing to move forward with a statewide recount of votes for President of the United States, as requested by these candidates,” said Wisconsin election commission administrator Michael Haas.
These conclusions echo those from a team of IMF economists from earlier this year. In March, the IMF said that the assumed connection between oil prices and GDP (falling oil prices will boost GDP as consumers have more money in their pockets) is not as solid as previously thought. Many analysts, including those at the IMF, once assumed that although oil producing countries such as Saudi Arabia would be damaged from low oil prices, the benefits to consuming countries would more than offset those losses, delivering net benefits to the global economy.
Aftershocks quickly shuddered up the spine of America’s energy system. When gasoline traders realized that East Coast reserves were once again threatened, they started bidding up the price of fuel. In a matter of hours, the cost of a gasoline futures contract for December shot up 15 percent, the highest jump since the financial crisis in late 2008. Merchants scrambled to secure supplies from tankers carrying imported fuel, causing the cost of cargo freight from the Atlantic to surge more than a third, to about $17 per metric ton, according to data compiled by Bloomberg.
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