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Published by it, 2018-04-21 06:48:25


April 21st,2018

Sat April 21 Sun April 22 Mon April 23 Tues April 24 Wed April 25

Sunny Sunny Sunny Sunny Sunny

84º High 84ºHigh 85ºHigh 88ºHigh 87ºHigh

63°Low 65°Low 69°Low 70°Low 70°Low

Humidity: Humidity: Humidity: Humidity: Humidity:

42% 44% 45% 33% 37%



Fitness Class Schedule

Fitness Center 6 am – 9 pm daily
Each of our cardio stations is equipped with a
television. We supply headphones, towels and
bottled water for your visit. Maintain your fitness
regimen or start a new one with guidance from our
personal trainers!

Fitness Class Schedule A visit to the Spa at Hacienda Beach Club and Residences is a journey into a world of
sensation, beauty and balance. The Spa’s serene desert garden environment creates an

Monday, April 16 atmosphere of luxury with a sense of place and invites guests to relax while restoring a
connection with the natural rhythms of life. Poised amid the historic architecture and
Yoga: 8:00 am-9:00 am traditional decor of Hacienda, and the vibrant colors and textures of Cabo San Lucas,
Glutes, Abs and Legs: 9:30 am- 10:30 am the Spa offers a peaceful haven for physical, mental, and emotional renewal.

Tuesday, April 17 Sunburn Recovery Treatment
Spinning: 8:00 am – 9:00 am
Reformer Pilates: 10:30 am– 11:30 am

This wonderfully soothing and cooling treatment is a welcome relief
Wednesday, April 18
for sun exposure or the desert heat. Aloe Vera is well known for it
Boot Camp Training: 8:00 am- 9:00 am
healing restorative effects, great for dehydrated or sunburned skins.
Yoga: 10:00 am-11:00 am
The treatment includes a full facial with organic Aloe with cool marble

Thursday, April 19 stones to help reduce any inflammation, and simply please all the
Glutes, Abs and Legs: 9:00 am 10:00 am senses.
Mat Pilates: 10:30am-11:30 am
80 min. $165 USD + TAX
Friday, April 20
Functional Training: 8:00 am-9:00 am
Spinning: 9:30 am- 10:30 am
Reformer Pilates: 11:00 am- 12:00 pm Detoxifying Desert Journey
This treatment package is a
Saturday, April 21
*Cardio Strength Circuit 8:00 am - 9:00 am completely purifying
Yoga: 10:00 am- 11:00 am experience, which leaves the
body cleansed, hydrated, and
Sunday, April 22 fully energized. The package begins with a traditional energetic
Boot Camp Training: 8:00 am – 9:00 am cleansing with Sage and a welcoming ritual. This is followed by a
Spinning: 9:30 am – 10:30 am Juniper and Cypress body scrub, which stimulates the lymphatic

system and refines the skin. A full body deep lymphatic massage
*Mix of cardio on bike, step including
invigorates, and purifies, with the application hot and cool stones to
TRX & Weights overall cardio workout
with added strength exercises. flush and restore the system. The body is covered in fresh extract from
the Nopal plant, and wrapped with a warmed linen sheet while the
Private classes therapist performs a relaxing scalp massage and finishes off with a full
Hacienda Spa offers personal training classes
facial. The results are astounding.
upon request.
3 Hrs $345 USD + TAX

Paraffin Treatment

For dry hands in need of serious help,
this moisturizing treatment for hands
Daily 7:00 am – 7:00 pm and feet includes exfoliation, massage
and warm gloves with aroma-
Rejuvenate your Body. therapeutic paraffin.
Replenish your Soul.
Hands or Feet 30min $40 USD + TAX

Hacienda Spa & Fitness Center

Group Fitness Class Schedule
April 16 to April 29

Monday, April 16 Monday, April 23

Yoga: 8:00 am - 9:00 am Yoga: 8:00 am - 9:00 am

Glutes, Abs and Legs: 9:30am – 10:30am Glutes, Abs and Legs: 9:30am – 10:30am

Tuesday, April 17 Tuesday, April 24

Spinning: 8:00am – 9:00 am Spinning: 8:00am – 9:00 am

Reformer Pilates: 10:30 am – 11:30 am Reformer Pilates: 10:30 am – 11:30 am

Wednesday, April 18 Wednesday, April 25

Boot Camp Training: 8:00 am- 9:00 am Boot Camp Training: 8:00 am- 9:00 am

Yoga: 10:00 am- 11:00 am Yoga: 10:00 am- 11:00 am

Thursday, April 19 Thursday, April 26
Glutes, Abs and Legs: 9:00 am – 10:00am Glutes, Abs and Legs: 9:00 am – 10:00am

Mat Pilates: 10:30 am – 11:30 am Mat Pilates: 10:30 am – 11:30 am

Friday, April 20 Friday, April 27

Functional Training: 8:00 am – 9:00 am Functional Training: 8:00 am – 9:00 am

Spinning: 9:30 am – 10:30 am Spinning: 9:30 am – 10:30 am

Reformer Pilates: 11:00 am - 12:00 pm Reformer Pilates: 11:00 am - 12:00 pm


Saturday, April 21 Saturday, April 28
*Cardio Strength Circuit 8:00 am –9:00 am *Cardio Strength Circuit 8:00 am –9:00 am

Yoga: 10:00 am – 11:00 am Yoga: 10:00 am – 11:00 am

Sunday, April 22 Sunday, April 29

Boot Camp Training: 8:00 am –9:00 am Boot Camp Training: 8:00 am –9:00 am

Spinning: 9:30am – 10:30 am Spinning: 9:30am – 10:30 am

*Mix of cardio on bike, step including *Mix of cardio on bike, step including

TRX & Weights overall cardio workout TRX & Weights overall cardio workout
with added strength exercises. with added strength exercises.

Hacienda Spa offers personal training classes upon request.
(Fitness classes for ages 16 and up)


December 26 , 2017 – May 15 , 2018

Preferred Rates USD Cabo Real Campestre San José Puerto Los Cabos
Individual Rounds Public Public Public

-18 Holes $245.00 $200.00 $190.00 $150.00 $275.00 $230.00
-Early Twilight 12:00p $200.00 $160.00 $160.00 $130.00 $220.00 $185.00
-Twilight 1:30p $175.00 $140.00 $135.00 $110.00 $195.00 $165.00

Includes Food & Beverages
(After 11:00 am) $660.00 $500.00 $760.00
Rates per foursome Includes Food & Beverages


$370.00 USD $510.00 USD $800.00 USD
*Rounds may be played at any of our three courses.
*Each pass used at Puerto Los Cabos will incur a $20 USD surcharge due to all-
inclusive food and beverage palapas.
*Golf pass is personal, non-transferable.
* Golf Pass is valid for 14 days, once initial round is played.

All rates and promos are valid up to 12 golfers. Group service fee will apply to all groups larger than 12.

Important news for important people Volume 3158 Saturday April 21, 2018
International Business Sports
Avicii, one of the world’s most suc- Slumping industrial conglomerate Former US Olympic gymnastics Cabo San Lucas
cessful DJs who helped usher in the General Electric won a reprieve on Wall coaches Bela and Marta Karolyi, whose Mostly cloudy (day)
global boom in electronic music but Street Friday after reporting strong re- training ranch became the center of a Sunrise: 6:55 AM
struggled to cope in the hard-partying sults in some divisions even as it suf- sex abuse scandal, told NBC News Sunset: 7:42 PM
lifestyle, died Friday in Oman... P.2 fered a quarterly loss due... P.3 they never knew ex-team... P.5 Humidity: 65% 69-74 F

On average, Canada welcomes 300,000 immigrants and refugees each year Conflict
Canada braces for more walk-in asylum seekers from US US offers $1 mn reward to lo-
cate journalist missing in Syria
The number of asylum seekers from “We have right now roughly 75 to from the start to come to Canada after The United States is offering a reward
the United States crossing forests and 80 people a day crossing (into Que- flying to the United States on a visi- of $1 million for information about
farmers’ fields on foot to reach Canada bec). A few weeks ago that might tor visa. Austin Tice, an American journalist
jumped at the beginning of this year, have been as low as 50 a day.” The federal government set up a missing in Syria since 2012. The FBI
and authorities are bracing for more. Most of the recent arrivals had task force to try to deal with the in- announced the reward this week, with-
The surge in walk-in arrivals start- travelled to the United States from flux, which has at times overwhelmed out any explanation on the timing.
ed in 2016 with the election of US Nigeria before coming to Canada. government services. “The timing of this reward is unre-
President Donald Trump, who has Others originated mostly from Co- Several senior Canadian ministers lated to any specific event,” an FBI
sought to crack down on legal and lombia, Pakistan and Haiti. travelled to the United States to speak spokeswoman said.
undocumented immigration. The Caribbean nation of Haiti, to the various diasporas to try to dis- Tice, 36, is believed to the only
Nearly 21,000 border jumpers were along with countries in Africa, was courage border jumpers. American journalist currently held in
intercepted by the Royal Canadian among those which Trump in January They warned that landing in Cana- Syria, one of the most dangerous coun-
Mounted Police (RCMP) in 2017 and reportedly labelled “shithole coun- da is “not an automatic ticket to being tries for the news media in recent years.
allowed to file a refugee claim, offi- tries” and questioned why the US accepted here.” A freelance journalist working for
cials told reporters on Friday. should accept their immigrants. Preliminary figures showed that McClatchy News, The Washington
Another 6,373 made their way While Quebec has seen an uptick more than 90 percent of claims by Post, CBS, AFP and other news orga-
into Quebec, Manitoba and British in arrivals so far this year, the prairie Haitian nationals and more than half nizations, Tice was abducted in August
Columbia provinces from January to province of Manitoba and western- of those filed by Pakistani and Nige- 2012 near Damascus. Tice’s family has
mid-April this year, which was more most British Columbia welcomed rians were rejected. launched several appeals for informa-
than double the number of arrivals fewer irregular migrants -- a term The majority of claims made by tion about his whereabouts, saying they
during the same period last year. used for asylum seekers who do not Syrian, Eritrean, Yemeni, Sudanese, believe he is still alive.
“There’s a likelihood that we will arrive by way of an airport or border Djiboutian and Turkish nationals who In 2016, a #FreeAustinTice banner
see even more people” as this year’s checkpoint. arrived via the United States were ac- was attached to the facade of the News-
particularly stormy and cold winter Although the surge in walk-in ar- cepted. eum, a museum focused on news media
cedes to warming spring tempera- rivals to Canada began with Trump’s On average, Canada welcomes and located on the street linking the US
tures, said a senior border security election later it spread to include mi- 300,000 immigrants and refugees Capitol and the White House. The ban-
official. grants who appeared to have intended each year. ner is still there.
An FBI statement on its website said
“I will vote for someone who I think will help solve this issue when I’m old enough it would offer the reward “for informa-
Shooting at Florida school as students stage walkout tion leading directly to the safe loca-
tion, recovery, and return” of Tice.
Students demanding tougher gun “I feel like things have gotten manding what we deserve,” tweeted The agency created an email address
laws walked out of classes across worse these last few years,” said Cameron Kasky, a Parkland student [email protected] and said any-
the United States on Friday, the 19th Emma Corcoran, a 15-year-old from leader. one with information could also use the
anniversary of the shooting at Col- Bethesda-Chevy Chase High School In Parkland, David Hogg, a Stone- website or contact any US
umbine High School which left 13 in Maryland, at a rally in Washington. man Douglas student, said he hopes consulate.
people dead. “Change needs to happen.” the walkout inspires people to “get Reporters Without Borders, a media
As thousands of teenagers held ral- The protests have been galvanized out and vote.” rights group which has worked with
lies from coast to coast, a shooting at by students at Marjory Stoneman “That’s what this country needs,” Tice’s family, welcomed the US move.
a high school in Ocala, Florida, left Douglas High School in Parkland, Hogg said. “We just have to get out “We’re thrilled the US government
one student wounded. Florida, where 14 teens and three there and make our voices heard.” is putting out this reward,” said Mar-
The Ocala Star Banner newspaper adult staff members were shot dead “I hope it inspires people to make a gaux Ewen, head of the US office for
said a 19-year-old former student at on February 14 by a troubled former change,” added Hogg’s sister, Lauren. the organization.
Forest High School fired a blast from classmate armed with an AR-15-style “I hope it shows people that although “We hope it will encourage anyone
a shotgun into a locked classroom automatic weapon. we’re not old enough to vote yet, with information on Austin Tice to
door, wounding a 17-year-old student The Parkland students have spear- we’re old enough to have a voice.” come forward.”
in the ankle. headed a grassroots campaign for In Washington, several hundred
The Marion County Sheriff’s Of- gun control which included another students from area high schools ral-
fice said the suspect, who was not school walkout on March 14 and na- lied outside the White House and
identified, was quickly arrested. tionwide rallies by hundreds of thou- then marched on Congress to demand
Around the country, students sands of Americans on March 24. action on gun control.
marked the anniversary of the April “So proud of the #NationalSchool- Carrying signs reading “Enough Is
20, 1999 shooting at Columbine in Walkout and all of the students Enough” and “Books Not Bullets,”
Colorado, a massacre seen as the har- around the country who are stand- they chanted “We will vote” as they (FILES) Marc and Debra Tice, parents of
binger of an era of school violence. ing up for positive change and de- marched. US journalist Austin Tice (Photo AFP)

Page 2 Saturday April 21, 2018
‘Vampires demanding blood’ “It is with profound sorrow that we announce the loss of Tim Bergling, also known as Avicii”
Three killed in Nicaragua Dance music superstar Avicii dead at 28
pension protests
Two protesters and a policeman Avicii, one of the world’s most suc-
were killed in Nicaragua’s capital cessful DJs who helped usher in the
Managua after demonstrations over global boom in electronic music but
pension reform turned violent in the struggled to cope in the hard-partying
most significant protests in President lifestyle, died Friday in Oman, his
Daniel Ortega’s 11 years in office, of- representative said. He was 28.
ficials said Friday. Two years after his unusually early
The demonstrations rocked the retirement from touring, the Swedish
capital and nearby cities for a third DJ was found dead in the Gulf king-
day in a row with marches against a dom’s capital Muscat, a statement said.
new law, which increases employer “It is with profound sorrow that
and employee contributions but de- we announce the loss of Tim Ber-
creases the overall pension amount gling, also known as Avicii,” his (FILES)’Avicii’ performs at the Sziget music festival on the Hajogyar Island of Budapest (AFP)
by five percent. management said without specifying number one across Europe in 2013 “The scene was not for me,” he
“We are against these reforms, the cause of death or why he was in and featured the soul singer Aloe told music magazine Billboard after
which means we’re against this gov- Oman. Blacc. his decision.
ernment taking from the pockets of Ni- “The family is devastated and we In 2015, he DJ-ed the wedding “It was not the shows and not the
caraguans,” exclaimed Juan Bautista. ask everyone to please respect their reception of Sweden’s Prince Carl music. It was always the other stuff
He said riot police brutally attacked need for privacy in this difficult time. Philip and his bride Sofia. The couple surrounding it that never came natu-
demonstrators like him because “the No further statements will be given.” mourned him in a statement, saying: rally to me. All the other parts of be-
dictator does not like people to protest.” Avicii was among the first DJs to “We had the honor to have known ing an artist,” he said.
A woman nearby shouted: “The break through in the mainstream as him and admired him both as an artist “I’m more of an introverted person
people are tired of this repression!” electronic dance music grew over the and the beautiful person that he was.” in general. It was always very hard
Students from Polytechnic Univer- past decade from nightclubs to Top Scene ‘not for me’ for me. I took on board too much
sity (UPOLI) have been holed up on 40 radio. He created a global hit out While the death came as a shock, negative energy, I think,” he said.
their campus since Thursday evading of Coldplay’s “A Sky Full of Stars,” Avicii has spoken publicly in recent He later returned to the more quiet
police. Other students took refuge in to which he added a layer of energetic years about his health problems in- life of a studio artist. Last year he put
nearby buildings or residences. electronica. cluding pancreatitis, triggered in part out a six-song EP that featured Brit-
In Las Colinas, south of the capital, He also helped produce Madonna’s by excessive drinking. ish pop singer Rita Ora.
demonstrators raised small barricades last album. On Instagram, the pop su- The condition forced him to cancel The son of Anki Liden, a promi-
and with their hands raised asked the perstar posted a picture of herself in shows in 2014 as he had to have his nent Swedish actress, Avicii had his
riot police not to suppress them. the DJ booth with Avicii and wrote, gallbladder and appendix removed. start uploading tracks on the internet
Four independent television out- “So Tragic. Goodbye Dear Sweet In 2016, Avicii stunned fans by re- and was discovered by Dutch super-
lets were taken off the air after they Tim. Gone Too Soon.” tiring from touring when he was just star Tiesto, who invited him to play
broadcast the demonstrations on His biggest individual hits includ- 26, saying that he wanted to leave the at his residency in the clubbing hub
Thursday, and two were still in the ed “Wake Me Up,” which went to high-flying electronic music lifestyle. of Ibiza.
dark Friday.
The wave of protests that began Politics Under a controversial pardon
on Wednesday has left at least three
people dead -- two young protesters Czech leftwing party returns Peru’s ex-president Fujimori in court over 1992 massacre
and a male police officer, according Peruvian ex-president Alberto Fuji- defeat an impeachment vote in Con-
to the government’s official spokes- to coalition talks mori, just four months out of prison gress. Kuczynski nevertheless was
person, Vice President and First Lady Czech social democrats said Friday under a controversial pardon, was in forced to resign in March over al-
Rosario Murillo. they would return to coalition talks court Friday facing charges linked to leged corruption.
Murillo compared the protesters to with the ANO movement of billion- the killing of seven farmers in 1992. In Friday’s hearing prosecutors
“vampires demanding blood to feed aire Czech Prime Minister Andrej Fujimori, president from 1990- asked the court to order Fujimori,
their political agenda.” Babis who is struggling to clinch a 2000, had been serving a 25-year now 79, to remain in Peru until the
Two other civilians suffered bul- parliamentary majority. prison sentence for crimes that in- case is finalized. Fujimori said he had
let wounds, according to police. The ANO (YES) won 78 out of 200 cluded commanding death squads no intention of leaving the country
opposition said more than 20 people seats in last October’s general elec- that killed suspected civilian sym- but the prosecution noted that he was
were wounded. tion campaigning on an anti-corrup- pathizers of leftwing guerrillas his renewing his passport.
The writers group Pen Nicaragua tion ticket, but Babis, who has been regime was fighting. In 2000, in the final days of his
said that at least 11 journalists were charged with EU subsidy fraud, has The ex-president was pardoned on presidency, Fujimori -- who is of Jap-
attacked while covering the demon- so far failed to form a coalition. December 24 by then-president Pe- anese ancestry -- flew to Japan and
strations. Negotiations broke down three dro Pablo Kuczynski on humanitar- resigned the presidency via fax. He
“We call on the Nicaraguan author- weeks ago after the parties -- which ian grounds because of ill health. later obtained Japanese citizenship.
ities to act to prevent further attacks formed the previous governing coali- A criminal court, however, later Despite his controversial presiden-
on demonstrators and on the media,” tion together with the small centrist ruled that Kuczynski’s pardon did not cy, which included notorious cases of
said Liz Throssell, spokeswoman for Christian Democrats -- were unable apply to the case of the slain farmers. corruption, Fujimori earned respect
the Office of the United Nations High to strike a deal on ministerial posts. Kuczynski’s pardon was seen by from many Peruvians for his ruthless
Commissioner for Human Rights.” “The CSSD has decided to resume many as a quid pro quo for help from campaign to defeat two leftist guer-
She urged the Nicaraguan govern- negotiations with ANO. This deci- Fujimori’s lawmaker son Kenji to rilla groups.
ment to let its people “exercise their sion, far from easy, does not yet mean
right to freedom of expression and to that we will enter the government,”
peaceful assembly and association,” party head Jan Hamacek told report-
and urged protesters to demonstrate ers in Prague on Friday.
“peacefully.” The CSSD said it had dropped ear-
She also noted that demonstrators lier talks with ANO over Babis’ in-
were “attacked” by government sup- dictment with EU subsidy fraud in a
porters in the city of Masaya. case dating back to 2007-2008.
Miguel Mora, director of the pri- The food, chemicals and media ty-
vate television channel 100% Noticias coon has denied any wrongdoing.
-- which the government blocked -- Babis said talks failed when he refused
accused Ortega of applying the same to give the CSSD control of the interior
censorship he imposed in the 1980s ministry. He has now put that on the
during the Sandinista Revolution. table, along with four other ministries.

Page 3 Saturday April 21, 2018
GE was the biggest gainer in the Dow, rising 2.8 percent to $14.38 in midday trading Wall Street Indexes
General Electric shares rise despite 1Q loss on hefty legal charge Dow Jones 24,462.94 - 0.82%
- 1.27%
S&P 2,670.14 - 0.85%
International Stock Indexes
Oil rebound? Australia 5,868.776 - 0.21%
GE’s other problem division of Frankfurt 12,540.50 - 0.21%
late, oil and gas, could be poised for Italy 23,829.34 + 0.16%
a turnaround in the foreseeable future London 7,368.17 + 0.54%
due to strengthening oil prices. Major Madrid 9,884.20 + 0.16%
producers including Saudi Arabia and Paris 5,412.83 + 0.39%
Russia signaled Friday they plan to Tokyo 22,162.24 - 0.13%
extend a production accord to defend Toronto 15,484.32 + 0.19%
higher oil prices. Latin-American Stock Indexes
Baker Hughes, an oil services Bogota 1,561.45 - 0.70%
company in which GE holds a major- Buenos Aires 31,157.79 - 0.39%
ity stake, offered an upbeat outlook Lima 21,454.94 + 0.19%
when it reported results Friday, say- Mexico 48,431.58 - 0.64%
ing “market fundamentals remain Panama 467.11 - 0.01%
supportive” due to stable oil prices. Santiago 5,689.47 - 0.14%
GE scored higher profits compared Sao Paulo 85,550.09 - 0.32%
with the year-ago period in four divi- Venezuela 25,458.740 + 5.60%
sions, including healthcare and avia-
(FILES) A factory of the group in Montoir-de-Bretagne, western France (Photo AFP) Most Active Stocks
tion, which have been the strongest 3M Co
Slumping industrial conglomerate The company now expects the businesses. Alcoa
General Electric won a reprieve on overall market for new gas turbine GE has previously signaled that it Amex
Wall Street Friday after reporting orders to be less than 30 gigawatts, expected additional legal costs con- AT&T
strong results in some divisions even compared with the prior estimate of nected to WMC. B. of America
as it suffered a quarterly loss due to a 30 to 34. Factors driving the weak- In a February US securities filing, Boeing
hefty legal charge. ness include the rising share of re- the company said it believed the US Caterpillar
GE, which has been hurt by weak- newable energy, energy efficiency Department of Justice would assert Chevron
ness in its power and oil and gas busi- efforts and some delays in orders, the company violated US law “in Cisco Systems
nesses, reported a first-quarter loss Flannery said. connection with WMC’s origination Coca Cola
of $1.2 billion, due to $1.5 billion in Since Flannery became CEO last and sale of subprime mortgage loans Dupont
reserves to cover legal settlements summer, GE has trimmed costs, in 2006 and 2007.” Exxon Mobil
connected to a subprime lending unit streamlined its board, cut its dividend GE chief financial officer Jamie General Electric
it exited. and revamped employee compen- Miller said the company set aside H.P.
However, investors took heart after sation. The company also has an- the $1.5 billion in reserves “based Home Depot
GE reaffirmed its full-year financial nounced plans to sell $20 billion in on our discussions with the DOJ IBM
targets and avoided fresh negative industrial assets. and a review of settlements by other Intel
surprise announcements that have Flannery reaffirmed he is open to banks.” Johnson & Johnson
plagued recent results. Revenues in- further overhauling GE, raising spec- CFRA Research analyst Jim Cor- JPMorgan
creased 6.7 percent to $28.7 billion. ulation of a breakup of the company. ridore praised some aspects of GE’s Kraft Heinz Co
“The first quarter is a step forward “There’s no sacred cows,” he said performance and noted that it exceed- McDonalds
in executing on our 2018 plan and we during a conference call with ana- ed its cost-cutting targets. But he cut Merck & Co
are seeing signs of progress,” said lysts. “We’re reviewing a number of his earnings estimate and share price Microsoft
chief executive John Flannery. structures. We’re working through target. Pfizer
GE has been signaling for months this right now in great detail with the “Given the severity of the down- Procter & Gamble
that its encumbered power division board, including new board mem- turns at oil & gas and power, and Travelers Cos
would be an earnings vulnerability bers.” ongoing losses from GE Capital, we United Tech.
for some time to come, but Flannery GE was the biggest gainer in the do not think it’s worth wading into Verizon
said Friday that the outlook was even Dow, rising 2.8 percent to $14.38 in the shares despite the below-market Wal-Mart
worse than previously thought. midday trading. valuation,” Corridore said in a note. Walt Disney
The incident was quickly fixed and no harm was done Argentine official
Oops...Deutsche Bank makes 28bn euro transfer in error G20 didn’t discuss US-China trade tensions
Germany’s biggest lender Deutsche But it raises questions about the The Group of 20 finance ministers measures. That’s the WTO.” It was a
Bank on Friday admitted to a massive risk management and control pro- avoided discussion of the US-China surprising omission for the group that
erroneous transfer of 28 billion euros cesses within the bank, which Cryan trade dispute on Friday, despite repeat- was key to shepherding the global econ-
($34 billion) in a routine operation, was meant to have greatly improved ed comments from officials about the omy through the 2008 financial crisis
more than the entire bank is worth. since his arrival in 2016. danger it poses to the global economy. and preventing another depression.
The unprecedented mistake hap- Given sole command of the lender “We didn’t have a discussion on But Dujovne said, “We have to
pened on March 16 when Deutsche in 2016 after the departure of co-CEO specific measures on trade,” Argentine also recognize the limitations that
Bank carried out a transfer to an ac- Juergen Fitschen, Cryan’s task was to Treasury Minister Nicolas Dujovne we as a group have...and try to find
count at Deutsche Boerse’s Eurex restructure Deutsche and clean up the told reporters after the meeting. “The a consensus even if the consensus is
clearing house, a spokesman told AFP. toxic legacy of its pre-financial crisis G20 is not the place to discuss specific more limited than we want.”
The operation was meant to involve bid to compete with global invest-
a far smaller sum, which the bank has ment banking giants.
not revealed, and highlights IT and But Deutsche has yet to return to Foreign Exchange
control issues at the banking giant. profitability, while the share price has
Accounting errors happen most slumped more than 50 percent in the EURO USA CAN UK AUS SWISS H.KONG JAP
days, but the sum involved in this past two years -- around 30 percent EURO - 1.23 1.56 .87 1.59 1.20 9.70 132.00
case is highly unusual and even ex- this year alone. USA .81 - 1.27 .71 1.30 .97 7.87 107.53
ceeds Deutsche’s market capitalisa- In a sign of the bank’s ongoing in- CAN .64 .79 - .56 1.02 .75 6.20 84.00
tion of 24 billion euros. ternal tussles, Deutsche on Wednes- UK 1.15 1.41 1.79 - 1.82 1.37 11.00 151.00
The incident, which came shortly day announced the departure of its IT AUS .63 .77 .98 .55 - .75 6.10 83.00
before John Cryan was ousted as and infrastructure chief Kim Ham- SWISS .83 1.03 1.33 .73 1.33 - 8.10 110.00
chief executive, was quickly fixed monds, who had reportedly called the H.KONG .10 .13 .16 .09 .16 .12 - 13.70
and no harm was done, the institution bank the “most dysfunctional com- JAP .01 .01 .01 .01 .01 .01 .07 -
said. pany” that she had worked for.

Page 4 Saturday April 21, 2018
Official data The deal would represent Takeda’s biggest-ever takeover Prices
Canada inflation rises to 2.3% Takeda hikes Shire takeover bid to almost $61 bn Saudis see oil price on rise
Canadians paid 2.3 percent more for Japanese drugs firm Takeda on Friday Shire, which is based in Dublin but
goods and services in March than a upped its takeover bid to $60.7 billion listed in London, disclosed on Thurs- as Trump blasts OPEC
year earlier, in the largest year-over- (49 billion euros) for Irish-based peer day that it had rejected three takeover Saudi Energy Minister Khaled al-
year increase since October 2014, ac- Shire, which has already rejected its approaches from Takeda because Faleh said Friday the global market
cording to official data released Friday. previous three overtures. they all “significantly undervalued has the capacity to absorb higher oil
Inflation, however, was lower than Takeda announced in a statement the company, its growth prospects prices, drawing a swift reaction from
analysts expected, following a 2.2 that it has lifted its cash and stock bid and pipeline”. US President Donald Trump who ac-
percent increase in prices in February. to the equivalent of £47 per share, But it added that its advisers have cused OPEC of inflating prices.
In a statement, Statistics Canada valuing Shire at £42.8 billion. entered a dialogue with Takeda to dis- Faleh’s statement at a meeting of
said only clothes and footwear prices That was marginally higher than cuss “whether a further, more attrac- oil producers in Saudi Arabia came
declined in March, while all other the prior bid that was pitched at tive, proposal may be forthcoming”. as crude hit the highest level in more
components of its consumer price £46.50 per share or £42 billion. Friday’s news also came one day than three years.
index increased. Gasoline prices rose “After careful consideration, Take- after Irish-based pharmaceutical peer “Looks like OPEC is at it again,”
for a second consecutive month, up da Pharmaceutical Company Limited and Botox maker Allergan ruled out a Trump tweeted.
17.1 percent year over year. is today making an improved pro- counter-offer for Shire, extinguishing “With record amounts of Oil all
Recent interest rate increases con- posal to the Board of Shire plc,” read talk of a bidding war. over the place, including the fully
tinued to push up mortgage costs -- a statement from the Osaka-based The deal would represent Takeda’s loaded ships at sea, Oil prices are ar-
for an eighth consecutive month. group. biggest-ever takeover, according to tificially Very High! No good and will
Passenger vehicles cost less than It added: “Takeda believes that Japanese media. not be accepted!”
in the previous month due to higher the improved proposal represents a Led by Frenchman Christophe Oil has rebounded to over $70 a
rebates for some 2018 model-year highly compelling opportunity for Weber, the Japanese firm has been barrel, after prices crashed to as low
vehicles, but car and truck prices as Shire shareholders, which reflects a actively looking overseas for acquisi- as $26 in January 2016.
well as passenger vehicle insurance further increase in value and a mate- tions. “I have not seen any impact on
premiums were up compared to the rial increase in the cash component of In 2011 it took over Swiss rival demand with current prices,” Faleh
same period last year. the consideration mix.” Nycomed for 9.6 billion euros (then told reporters, ahead of a ministerial
Meat and vegetables prices were Shire replied Friday in a separate $13.6 billion). committee for OPEC and non-OPEC
also down from February, but those statement that it was “considering its However, some analysts are con- producers.
savings were more than offset by a position” over the latest approach and cerned that a takeover bid of this “Reduced energy intensity and
year-over-year increase in the cost of will make a further announcement in magnitude could put too much pres- higher productivity globally of ener-
restaurant meals. due course. sure on Takeda’s own finances. gy input leads me to think that there is
the capacity to absorb higher prices,”
The bank has repeatedly apologized for the scandal and overhauled its leadership team he said.
The ministerial committee said Fri-
US fines Wells Fargo $1 bn for mortgage, auto loan violations day that crude inventory levels have
Wells Fargo will pay $1 billion in accounts scandal. The Federal Re- Targeted by Trump been reduced but were still higher
fines to address deficiencies identi- serve, in an unprecedented move, in Wells Fargo escaped much of the than desired.
fied by regulators in its mortgage and February ordered the bank to halt its regulatory fallout experienced by Stockpiles were at 2.83 billion bar-
auto loan businesses, US officials expansion until it improves gover- peers such as Bank of America and rels, down from their peak of 3.12 bil-
said Friday. nance, following “persistent miscon- JPMorgan Chase from the financial lion barrels two years ago, it said in a
The big US bank, which has been duct.” crisis, but has encountered wither- statement.
under fire in the wake of a 2016 fake Wells Fargo Chief Executive Tim ing criticism since the fake accounts Analysts believe Saudi Arabia, the
accounts scandal, will pay the fines to Sloan said the company had made scandal, in which it opened some 3.5 world’s top crude exporter, aims to
resolve actions brought by the Office progress in strengthening its compli- million deposit and credit accounts see much higher oil prices to over-
of the Comptroller of the Currency ance and governance programs and without customer knowledge. come its domestic financial difficul-
and the Bureau of Consumer Finan- “make things right for our custom- The bank has repeatedly apolo- ties and raise the valuation of state
cial Protection. ers.” gized for the scandal and overhauled oil giant Aramco ahead of a planned
The penalty is the largest so far its leadership team. Still executives five-percent IPO.
imposed under the administration of could face tough criticism at an an- After prices hit $70 a barrel, the
President Donald Trump, who has nual shareholder meeting next week. kingdom “is thought to be unofficial-
sharply criticized the bank after a se- Trump, who has favored cutting ly gunning for $80 a barrel, with some
ries of problems. some bank regulations imposed after even suggesting that it favours a return
The OCC and the consumer bureau the 2008 financial crisis, lambasted to $100 (a barrel) oil”, Stephen Bren-
found that Wells Fargo improperly Wells Fargo in December, saying on nock of PVM Oil Associates said.
charged customers in its auto loan Twitter fines would be boosted for “As well as helping to reduce the
program and in some cases, “improp- “their bad acts against their customers.” Saudi government balance sheet, a
erly repossessed” vehicles from bor- Consumer advocacy group Public further spike in prices would act as
rowers who were unable to pay, said a Citizen lauded Friday’s announce- a boon for the impending Aramco
consent order from the agency. ment as reflecting “signs of life at the IPO,” Brennock said.
They also found Wells Fargo had Trump-run CFPB and Comptroller,” “This is why Saudi Arabia is in-
wrongly charged some customers but added that “this can’t end ac- tentionally keeping the supply of oil
when mortgages failed to be secured countability for Wells Fargo’s wide- tight,” Commerzbank said.
by the “lock” deadline for guaran- spread misconduct.” Faleh on Friday insisted the Or-
teeing an interest rate, even in cases “Shareholders, who will be footing ganization of Petroleum Exporting
where the bank itself was responsible (FILES) A sign sits in front of a Wells Fargo the bill for this fine, did not conceive, Countries does not have a price target
for the missed deadlines. bank office in San Rafael, California (AFP) oversee and conceal this massive for oil.
Wells Fargo was fined “given the fraud. Wells Fargo executives did,” “We never have a price target ...
severity of the deficiencies and vio- The company will adjust its first the group said. Prices are determined by the market,”
lations of law, the financial harm to quarter earnings $800 million down- “Meanwhile, the Republican cor- said Faleh who warned against the
consumers, and the bank’s failure to ward due to the penalty, which is not porate tax cut more than offsets this danger of price fluctuations, saying
correct the deficiencies and violations tax deductible. That reduces net profit penalty,” Public Citizen said. “volatility is our enemy.”
in a timely manner,” the OCC said in from $5.5 billion to $4.7 billion. “Wells Fargo is spending some of Russia, the world’s top oil produc-
a news release. “While we have more work to do, this benefit on share buybacks, which er, on Friday gave its backing to the
The bank neither admitted nor de- these orders affirm that we share the boost the price and senior manage- idea of establishing an enduring alli-
nied the allegations. same priorities with our regulators ment compensation. On balance, ance for producers to continue their
But the penalty is the latest regu- and that we are committed to working these are good times for Wells Fargo control of the market.
latory problem to befall Wells Fargo, with them as we deliver our commit- executives.” Oil kingpin Saudi Arabia said a
which also came under fire from in- ments with focus, accountability, and Shares of Wells Fargo rose 2.4 per- “consensus” was emerging for a
vestors and lawmakers over a fake transparency,” Sloan said. cent to $52.76 in morning trading. long-term cooperation agreement.

Page 5 Saturday April 21, 2018
“The whole thing is just like an explosion, a bomb exploding -- Boom” No Williams sisters
Karolyis say they knew nothing of gymnastics sex abuse No problem as USA target
Fed Cup final return
Former US Olympic gymnastics The United States aim to prove again
coaches Bela and Marta Karolyi, that they can thrive without Serena
whose training ranch became the cen- and Venus Williams when they tackle
ter of a sex abuse scandal, told NBC France for a place in a second con-
News they never knew ex-team doc- secutive Fed Cup final this weekend.
tor Larry Nassar was preying upon In 2017, the US won the tournament
the girls they were training. for the 18th time with a nerve-racking
In an interview with the US Olym- 3-2 victory over Belarus which was
pic telecasting network, the Roma- only decided in the last doubles rubber
nian-born US couple said there was when CoCo Vandeweghe and Shelby
no way they could have known Nas- Rogers claimed the winning point.
sar was molesting gymnasts. The Williams sisters did not fea-
“Some of the parents were in the ture in that final in Minsk but they
therapy room with their own child returned to national colours in Febru-
and Larry Nassar was performing this ary this year in a first round victory
and the parent couldn’t see,” Marta over the Netherlands which set-up
Karolyi said. “How could I see?” this weekend’s clash in France.
Bela Karolyi said the revelations of “I’m very confident that we can
abuse that sent Nassar to prison for make it to another final,” Vandewe-
decades were a shock. ghe told ahead of the tie
“The whole thing is just like an ex- on indoor clay at Aix-en-Provence.
plosion, a bomb exploding -- Boom,” (FILES) The former US National Team coach Marta Karolyi (Photo AFP) “We have a lot of depth in our
he said. Wieber and Gabby Douglas among ranch, several returning gymnasts squad. From the singles players to
The Karolyis, both 75, spoke with those who say Nassar abused them at saying it would be difficult to train the doubles, I think we have come
NBC for a “Dateline NBC” special to the training center. there again after the revelations of together really well.”
be broadcast Sunday. “That’s awful,” Marta Karolyi said. Nassar’s molestations. The American team boast world
Nassar, 54, was sentenced to up to “But I would say even if they have Bela Karolyi coached US gymnast number nine and US Open champion
175 years in prison in January. He has big names or they have no names, any Mary Lou Retton to 1984 Los An- Sloane Stephens, 13th-ranked Madi-
been accused of abusing more than child who was violated by Nassar, it’s geles Olympic gold only three years son Keys, Vandeweghe, who is at 16
260 female athletes, including several a crime and it’s so sad.” after defecting from Romania to the in the rankings, and doubles special-
US Olympic stars, over a period span- The Texas Rangers were asked in United States. Marta Karolyi took ist Bethanie Mattek-Sands.
ning two decades, much of the abuse January to investigate the circum- over as US national team coordinator France, two-time Fed Cup champi-
taking place under the guise of medi- stances around what happened at the in 2001 after serving as national team ons, will be led by world number 20
cal treatment at the 2,000-acre Karolyi ranch over the years. coach under Bela. Kristina Mladenovic but other team
ranch estate in a remote area of Texas. Maroney said Nassar earned the She guided Olympic all-around gold members Pauline Parmentier and
The Karolyis are co-defendants in trust of many of the girls by sneaking medal efforts from Carly Patterson in Amandine Hesse are a modest 122
several civil lawsuits filed against them food outside the strict diet regi- 2004 at Athens, Nastia Liukin in 2008 and 204 respectively.
Nassar and USA Gymnastics, with men imposed by the Karolyis. at Beijing, 2012 by Douglas at Lon- The hosts are without world num-
Olympians Simone Biles, Aly Ra- In January, USA Gymnastics said don and 2016 by Biles at Rio, where ber seven Caroline Garcia and 35th-
isman, McKayla Maroney, Jordyn it was cutting all ties with the Karolyi Raisman took silver in all-around. ranked Alize Cornet who is facing a
disciplinary probe after allegations
Suspended without pay The club plans to re-evaluate Curry next Friday she missed three drugs tests.
Adding to their problems is that
Vikings defender Brothers gets Curry inching his way back with NBA Warriors Mladenovic is carrying a back injury.
“If Kiki plays like she can, if Pau-
four-game NFL doping ban Defending champion Golden State, made “consistent functional prog- line can raise her level of play, at least
on the brink of sweeping out San An-
ress” and will continue to increase
Minnesota Vikings linebacker Ken- tonio in the first round of the NBA the intensity of his on-court rehabili- repeat what she does in training, then
trell Brothers was suspended without playoffs, will welcome back Stephen tation sessions, the Warriors said in we have our chances,” said France
pay for the first four games of the Curry to modified team workouts a statement. captain Yannick Noah before adding,
2018 season for violating the NFL’s starting Saturday. Curry averaged 26.4 points, 5.1 “the barrier is very high”.
performance-enhancing substance Curry, who has missed 13 games rebounds, 6.1 assists and 1.6 steals Vandeweghe is on a 13-match win
policy, the league announced Friday. since suffering a severe left knee a game for the Warriors this season, streak in the Fed Cup and has not
Under the schedule announced ligament sprain on March 23, was when they finished 58-24, second- been defeated in three years in the
Thursday, the 25-year-old fifth-round examined Friday by team doctors best in the Western Conference to tournament.
pick in the 2016 NFL Draft will miss who updated the star guard’s con- Houston and third-best overall in the “The Fed Cup has been extremely
games September 9 against visit- dition and prognosis. The two-time NBA, also behind Eastern Confer- important for me both as a player and
ing San Francisco, September 16 at NBA Most Valuable Player has ence pace-setter Toronto. a person,” said the 26-year-old New
Green Bay, September 23 against vis- Yorker. “It’s my number one priority
iting Buffalo and September 27 at the Iannone rode his Suzuki around the course in 2mins 4.599secs to play for my country.”
Los Angeles Rams. The US have won 11 of 13 Fed
Brothers is able to play in all pre- Iannone tops champ Marquez in MotoGP Americas practice Cup meetings against France. How-
season practices and game and is eli- Italy’s Andrea Iannone posted the Britain’s Cal Crutchlow, a winner ever, the French have won two of the
gible to return to the active roster on fastest time Friday on his final lap to earlier this month in Argentina to nations’ most recent three meetings.
September 28. edge world champion Marc Marquez seize the season drivers’ points lead Parmentier will open against Ste-
His first possible game would be in practice for Sunday’s MotoGP entering the season’s third race, was phens on Saturday before Mlad-
October 7 when the Vikings visit the Grand Prix of the Americas. fifth on his Honda in 2:05.088. enovic tackles Vandeweghe.
reigning Super Bowl champion Phil- Iannone rode his Suzuki around Marquez has dominated at the In the other semi-final, Germany
adelphia Eagles in a rematch of last the course in 2mins 4.599secs, Texas track since the event began in host 10-time champions Czech Re-
season’s National Conference final, knocking Spanish Honda-rider Mar- 2013, winning all five races from the public on clay in Stuttgart.
won by the Eagles 38-7. quez off the top spot by .056 of a pole. Only Iannone in 2015 had de- Germany have only beaten the
Having spent most of his time on second. prived the Spaniard of a top practice Czechs once in eight meetings and
kick coverage teams, Brothers has 22 Spanish Yamaha rider Maverick time before repeating the feat Friday. that was back in 1987 in Vancouver.
tackles over two seasons for the Vi- Vinales was third, .264 of a second Even after a minor crash that left Germany feature world number 11
kings, but played in all 16 games last adrift, with Italian teammate Valen- him unharmed in the afternoon, Mar- Julia Georges and 12th-ranked An-
season as well as in the playoffs for tino Rossi fourth, .359 of a second off quez was confident about his chances gelique Kerber, a former two-time
Minnesota. the pace. on the weekend. Grand Slam champion.

Page 6 Saturday April 21, 2018

The aim of the game is to fill a 9x9 grid (81 squares) that is subdivided into 3x3 “sub-squares, with each of the numbers one through nine, besides
the ones that are already filled with numbers.
The rule is that each number appear only once per row, once per column, and only once per sub-square. It is rather easy to solve, in fact no math-
ematical knowledge is required. The solutions are indicated below.
Have fun!

Beginners Advanced
5 1 8 7 6 2 5

7 4 2 3 9 1 2 3 4 4 5 6 7 8 3 9
10 11
3 2 4 1 5 3 9 7
12 13 14
6 7 9 2 4 3 2
15 16 17

9 5 7 6 4 2 1 6 18 4 19 9 20
21 22 23 24
8 5 9 7 9 7 5
25 26 27
1 8 7 9 3 5 4 9 28 29

30 31 32 33
5 6 9 7 8 1 6
34 35
7 5 6 1 9 2 6

1 2 3 4 5 6 7 8 9 1 Negative (prefix) 1 Commercial
5 Suit 2 Quack medicine
10 11 10 Entrance 3 Pull
11 Outlaw 4 Asian country
12 13 14 12 Gulp 6 Elicit
15 Salt Lake City locale 7 Not as many
15 16 17 16 California's disasters 8 Neuter pronoun
18 Puerto Rico (abbr.) 9 Toward
18 19 20 19 Fire starter 13 Capital of Zambia
21 Chocolate topped treat 14 Of late
21 22 23 24 24 Not down 15 Highs
25 Humbly 17 Sniff
25 26 27 27 Military post (abbr.) 20 Choose
28 Final game 22 Asian nation
28 29
30 Siamese 23 Cafes
32 Depend 26 Past times
30 31 32 33
34 Light weight wood 29 Not many
35 Vessel 30 Tuberculosis
34 35
31 Laughter sound
33 Twelve months
Fold Fold
ACROSS 2 8 7 3 9 1 6 4 5 DOWN 8 5 7 6 2 3 1 R E L Y T H A I (52)8183105037
[email protected]
1 Negative (prefix) 3 2 4 6 7 5 8 9 7 1 Commercial 5 8 6 2 U P S U N D A E [email protected]
5 Suit 5 4 8 2 3 9 7 6 1 2 Quack medicine 4 5 S T E R N O P R Information Source:
Agence France-Presse (AFP)
Printed and distributed locally in each hotel.
10 Entrance 8 5 1 7 4 6 9 2 3 3 Pull 9 3 6 1 5 2 4 S W A L L O W All rights reserved.
Reproduction in whole or in part by any printed
11 Outlaw 9 6 3 1 2 5 4 7 8 4 Asian country 1 9 8 V E T O D O O R or electronic without permission of the publisher.
12 Gulp 7 2 4 9 8 3 1 5 6 6 Elicit 9 8 2 6 7 3 B E F I T A N T I Solution:
15 Salt Lake City locale 7 Not as many
16 California's disasters 8 Neuter pronoun
18 Puerto Rico (abbr.) 9 Toward
19 Fire starter 13 Capital of Zambia
21 Chocolate topped treat 14 Of late
24 Not down 15 Highs
25 Humbly 17 Sniff
27 Military post (abbr.) 20 Choose
28 Final game 22 Asian nation
30 Siamese 23 Cafes
32 Depend 26 Past times
34 Light weight wood 29 Not many
35 Vessel 30 Tuberculosis
31 Laughter sound
33 Twelve months

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