(CNBC) US named the world’s most competitive economy

(CNBC) The World Economic Forum has released its annual Global Competitiveness Report. The U.S. is ranked most competitive economy for the first time in a decade. WEF warns that governments are not prepared for the Fourth Industrial Revolution. WEF’s Zahidi: US should do more to improve workers’ rights  7 Hours Ago | 05:29 The United States … Continue reading (CNBC) US named the world’s most competitive economy

(zh) Venezuela Ditches US Dollar, Will Use Euros For International Trade

(zh) Venezuela has just taken the next step in its quest to “free” itself from the tyranny of US dollar hegemony. One year after the country said it would stop accepting US dollars as payment for its (ever shrinking) oil exports (saying the country’s state-run oil company would accept payment in yuan instead), Venezuelan Vice President for Economy Tareck … Continue reading (zh) Venezuela Ditches US Dollar, Will Use Euros For International Trade

(BBG) China Cuts U.S. Treasury Holdings for Third Straight Month

(BBG) China has again cut Treasury holdings, while local governments have accumulated hidden debt. Tom Mackenzie reports. China’s holdings of U.S. Treasuries fell for a third consecutive month in August as the Asian nation struggles to prevent the yuan from weakening amid trade tensions with America. China’s ownership of U.S. bonds, bills and notes was $1.165 … Continue reading (BBG) China Cuts U.S. Treasury Holdings for Third Straight Month

(P-S) The Dollar and its Discontents – Barry Eichengreen

(P-S) Having unilaterally reimposed sanctions on Iran, US President Donald Trump’s administration is threatening to penalize companies doing business with the Islamic Republic by denying them access to US banks. But that could hasten the dollar’s demise as the main global currency. BRUSSELS – US President Donald Trump’s unilateralism is reshaping the world in profound … Continue reading (P-S) The Dollar and its Discontents – Barry Eichengreen

(Economist) When does the case for long-term investment make sense?

(Economist) Paul Samuelson showed why time horizons matter less than commonly thought ONE LUNCHTIME around 1960 a professor proposed a wager to a colleague. Flip a coin and call “heads” or “tails”. If you call right, you win $200. If you call wrong, you pay $100. This is a favourable bet for anyone who would take … Continue reading (Economist) When does the case for long-term investment make sense?

(Reuters) Portugal government promises lower budget gap, steady 2019 growth

(Reuters) Portugal’s Socialist government promised on Tuesday in its 2019 election-year budget to deliver the lowest deficit in democratic history while giving civil servants higher pay and helping families with transport costs. In the draft budget the government said it would cut the budget deficit to 0.2 percent of gross domestic product from this year’s … Continue reading (Reuters) Portugal government promises lower budget gap, steady 2019 growth

(AP) Portugal spending plan offers better times ahead of election

(AP) Portugal spending plan offers better times ahead of election Originally published October 16, 2018 at 3:35 am Updated October 16, 2018 at 5:40 am Share story By  BARRY HATTON The Associated Press LISBON, Portugal (AP) — With a general election on the horizon, Portugal’s government is promising a financial windfall after years of austerity. The center-left … Continue reading (AP) Portugal spending plan offers better times ahead of election

(Algemeiner) ‘Large Share’ of Brazil’s Jews Will Vote for Right-Wing Presidential Candidate Bolsonaro Despite ‘Reservations,’ Says Political Analyst

(Algemeiner) Brazilian presidential candidate Jair Bolsonaro. Photo: Reuters / Diego Vara. Opinion in Brazil’s Jewish community remains divided over Jair Bolsonaro, the right-wing politician widely expected to win the second round of the Latin American country’s presidential election on Oct. 28, a leading political analyst told The Algemeiner on Monday. “The Brazilian Jewish community is split on … Continue reading (Algemeiner) ‘Large Share’ of Brazil’s Jews Will Vote for Right-Wing Presidential Candidate Bolsonaro Despite ‘Reservations,’ Says Political Analyst

(GUA) US embassy apologises after mistakenly sending Cookie Monster cat invitation

(GUA) Officials say ‘training error’ to blame for email featuring cat in pyjamas holding a plate of choc-chip biscuits  US embassy officials in Australia say a test of an email newsletter platform was responsible for the distribution of a fake meeting invitation featuring a pyjama-wearing cat. The US embassy in Canberra has apologised for a “training error” … Continue reading (GUA) US embassy apologises after mistakenly sending Cookie Monster cat invitation

(BBC) Paul Allen: Microsoft co-founder and billionaire dies aged 65

(BBC) Image copyrightGETTY IMAGESImage captionAllen announced his diagnosis earlier this month Paul Allen, who co-founded Microsoft, has died aged 65 from complications of non-Hodgkin’s lymphoma. He had revealed the disease’s return only two weeks ago, after previously being treated for it in 2009. He had said he and his doctors were “optimistic” about treatment. His … Continue reading (BBC) Paul Allen: Microsoft co-founder and billionaire dies aged 65

(GUA) Essays reveal Stephen Hawking predicted race of ‘superhumans’

(GUA) Physicist said genetic editing may create species that could destroy rest of humanity  Stephen Hawking: ‘Some people won’t be able to resist the temptation to improve human characteristics.’ Photograph: Joe Giddens/PA The late physicist and author Prof Stephen Hawking has caused controversy by suggesting a new race of superhumans could develop from wealthy people choosing to … Continue reading (GUA) Essays reveal Stephen Hawking predicted race of ‘superhumans’

(ECO) Poupança com juros e mais dividendos explicam 80% da redução do défice

(ECO) Para 2019 está previsto um conjunto de medidas que aumenta o rendimento das famílias. Mas o défice cai. A poupança em juros e os dividendos do BdP e da CGD explicam 80% da redução do défice. O Governo quer baixar o défice de 0,7% para 0,2% do PIB, entre 2018 e 2019, e, para isso, … Continue reading (ECO) Poupança com juros e mais dividendos explicam 80% da redução do défice

(Reuters) Portugal’s bond yields fall after Moody’s upgrade, lifts sentiment towards Italy

(Reuters) * Portugal gains investment grade rating from Moody’s * Portuguese, Italian bonds rally * Spanish bond yields rise on fiscal worries (Updates with more details, comment) By Virginia Furness LONDON, Oct 15 (Reuters) – Portuguese and Italian government bond yields fell on Monday, outperforming euro zone peers after ratings agency Moody’s upgraded Portugal’s credit … Continue reading (Reuters) Portugal’s bond yields fall after Moody’s upgrade, lifts sentiment towards Italy

(Politico) Negotiators reach Brexit divorce deal

(Politico) Negotiators in Brussels have reached a deal on a Withdrawal Agreement that would secure the U.K.’s safe exit from the EU with a transition period to prevent economic shocks, according to three EU diplomats. Indications that a tentative deal at negotiator level was close, began to emerge mid-afternoon Sunday, when the U.K.’s Department for … Continue reading (Politico) Negotiators reach Brexit divorce deal

(ECO) Um governo eleitoralista – António Costa

(ECO) Entre a aprovação do orçamento em Conselho de Ministros e a sua apresentação, António Costa muda o Governo. Para gerir um orçamento eleitoralista, é preciso uma equipa para o fazer. António Costa aproveitou a demissão do ministro da Defesa para fazer uma remodelação no Governo, inédita no timing escolhido, em cima da apresentação do último orçamento do Estado … Continue reading (ECO) Um governo eleitoralista – António Costa

(NBC) Pastor Andrew Brunson meets with Trump after release from detention in Turkey

(NBC) Brunson knelt to pray over Trump, asking God to give the president “supernatural wisdom to lead the country.” President Donald Trump met with American pastor Andrew Brunson in the Oval Office on Saturday, one day after the North Carolina pastor was freed from detention in Turkey. Brunson was released on Friday after nearly two years in detention … Continue reading (NBC) Pastor Andrew Brunson meets with Trump after release from detention in Turkey

(WSJ) Google Exposed User Data, Feared Repercussions of Disclosing to Public

(WSJ) Google opted not to disclose to users its discovery of a bug that gave outside developers access to private data. It found no evidence of misuse. Google Chief Executive Sundar Pichai was briefed on a plan not to notify users of a software glitch that gave outside developers potential access to private data. PHOTO: DAVID PAUL MORRIS/BLOOMBERG … Continue reading (WSJ) Google Exposed User Data, Feared Repercussions of Disclosing to Public

(BBG) Hedge Fund Billionaire Rode the Worst Trade of His Life All the Way Down

(BBG) Bit by bit, the smart money deserted Edward Lampert. Not even Lampert’s friends could understand why the hedge-fund manager, once hailed as a young Warren Buffett, clung to his spectacularly bad investment in Sears, a dying department store chain. Granted, other hedge-fund titans have blown it, from Julian Robertson with US Airways to Bill Ackman with Herbalife. But few have … Continue reading (BBG) Hedge Fund Billionaire Rode the Worst Trade of His Life All the Way Down