The first half of the year was lousy for investors as stocks sank, cryptocurrencies crashed and even the supposedly less risky bond market performed poorly.
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Mon, 06/27/2022 - 7:41am
The first half of the year was lousy for investors as stocks sank, cryptocurrencies crashed and even the supposedly less risky bond market performed poorly.
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BOGOTA, Colombia — Colombia’s first leftist president will be sworn into office Sunday, promising to fight inequality and heralding a turning point in the history of a country haunted by a long war between the government and guerrilla groups. Sen. Gustavo Petro, a former member of Colombia’s M-19 guerrilla group, won the presidential election in June by beating conservative parties that offered moderate changes to the market-friendly economy, but failed to connect with voters frustrated by rising poverty and violence against human rights leaders and environmental groups in rural areas. Petro is part of a growing group of leftist politicians and political outsiders who have been winning elections in Latin America since the pandemic broke out and hurt incumbents who struggled with its economic aftershocks. [time-brightcove not-tgx=”true”] The ex-rebel’s victory was also exceptional for Colombia, where voters had been historically reluctant to back leftist politicians who were often accused of being soft on crime or allied with guerrillas. A 2016 peace deal between Colombia’s government and the Revolutionary Armed Forces of Colombia turned much of the focus of voters away from the violent conflicts playing out in rural areas and gave prominence to problems like poverty and corruption, fueling the popularity of leftist parties in national elections. Petro, 62, has promised to tackle Colombia’s social and economic inequalities by boosting spending on anti-poverty programs and increasing investment in rural areas.
More | Talk | Read It Later | ShareWASHINGTON — Democrats pushed their election-year economic package to Senate passage Sunday, a hard-fought compromise less ambitious than President Joe Biden’s original domestic vision but one that still meets deep-rooted party goals of slowing global warming, moderating pharmaceutical costs and taxing immense corporations. The estimated $740 billion package heads next to the House, where lawmakers are poised to deliver on Biden’s priorities, a stunning turnaround of what had seemed a lost and doomed effort that suddenly roared back to political life.
More | Talk | Read It Later | ShareCINCINNATI — At least nine people were wounded — none critically — in a shooting outside a Cincinnati bar early Sunday, police there said. Most of the victims suffered wounds to their lower halves, Lt. Col. Mike John of the Cincinnati police told news outlets. A police officer fired at a suspect who fled the scene, but it was unclear if that person was actually shot.
More | Talk | Read It Later | ShareHAVANA — A fire set off by a lightning strike at an oil storage facility raged uncontrolled in the Cuban city of Matanzas, where four explosions and flames injured 121 people and left 17 firefighters missing. Cuban authorities said a unidentified body had been found late Saturday. Firefighters and other specialists were still trying to quell the blaze at the Matanzas Supertanker Base, where the fire began during a thunderstorm Friday night, the Ministry of Energy and Mines tweeted.
More | Talk | Read It Later | ShareThe effectiveness of our schools influences all aspects of life in Iowa, producing leaders and workers who will determine the state's prosperity.
More | Talk | Read It Later | ShareGrowth and development reporter Kim Norvell brings you updates on the federal courthouse, Center @ Sixth and a Waukee senior living development.
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