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Published by it, 2018-12-08 04:04:39

Diciembre 08

Hacienda Digest

December 08 , 2018

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Important news for important people Volume 3389 Saturday December 08, 2018
International Business Sports
Annegret Kramp-Karrenbauer, a Chinese telecom giant Huawei’s Indian boxer Vijender Singh said he’s Cabo San Lucas
close ally of Angela Merkel, won a chief financial officer faces US fraud hoping for a world title fight with Fair (day)
tight race to succeed her as party lead- charges related to sanctions-breaking Mexico’s Canelo Alvarez at Madison Sunrise: 6:48 AM
er Friday, seeing off a longtime rival business dealings with Iran, a Cana- Square Garden after signing a new Sunset: 5:35 PM
of the German chancellor... P.2 dian court heard Friday... P.3 deal with the legendary... P.5 Humidity: 82% 70-77 F

“We have traditionally looked for medicines that will cure malaria” Space agency said
Researchers explore new way of killing malaria in the liver NASA’s InSight lander
‘hears’ wind on Mars
In the ongoing hunt for more effec- the person, both in the liver and in ment, anemia, breathing difficulties Humans can now hear the haunt-
tive weapons against malaria, inter- the bloodstream, and last for three and even death can follow, in the case ing, low rumble of wind on Mars for
national researchers said Thursday to six months. Yeah, that’d be super of Plasmodium falciparum, which is the first time, after NASA’s InSight
they are exploring a pathway that has but there is no drug like that right dominant in Africa. lander captured vibrations from the
until now been little studied -- killing now,” said Larry Slutsker, the leader The research published Thursday breeze on the Red Planet, the US
parasites in the liver, before the ill- of PATH’s Malaria and Neglected offers a “promising path, as long as it space agency said Friday.
ness emerges. Tropical Diseases (NTDs) programs. last several months,” said Jean Gaud- The strong gusts of wind, blowing
“It’s very difficult to work on the Reducing the number of doses is art, professor of public health at the between 10 to 15 mph (five to seven
liver stage,” said Elizabeth Winzeler, crucial. University of Aix-Marseille. meters a second), were captured as
professor of pharmacology and drug That’s because many medications Gaudart said new approaches are they moved over the solar panels on
discovery at University of California available today must be taken over necessary because resistance is on the InSight, an unmanned lander that
San Diego School of Medicine. three days, said David Reddy, CEO rise in Asia against the most effective touched down on Earth’s dusty, deso-
“We have traditionally looked for of Medicines for Malaria Ventures. treatment using artemisinin, derived late neighbor November 26.
medicines that will cure malaria,” she But often, after the first dose, a from a Chinese plant. Two sensors picked up the vibra-
told AFP. child begins to feel better and the “We really need new compounds,” tions: an air pressure sensor inside the
For the latest research, published fever lessens. Parents then keep the he said. Now it’s up to researchers to lander and a seismometer on the land-
in the journal Science, scientists dis- other two doses in case another of confirm which of the 631 molecules er’s deck, awaiting to be deployed to
sected hundreds of thousands of mos- their children falls ill. identified have a real shot at wiping the surface by InSight’s robotic arm.
quitoes to remove parasites inside “That has two impacts. First the out this global scourge. “This is the very first fifteen min-
them. child does not get cured properly and The World Health Organization utes of data that have come from
Each parasite was then isolated in secondly it builds drug resistance,” said last month that global efforts to the short period seismometer,” said
a tube and treated with a different Reddy said. fight malaria have hit a plateau, with Thomas Pike, lead investigator at Im-
chemical compound -- 500,000 ex- Malaria is caused by a miniscule two million more cases of the killer perial College London, during a con-
periments in all. parasite, called Plasmodium. disease in 2017 -- 219 million -- than ference call with reporters.
Researchers found that certain Female mosquitoes transmit the the previous year. “It’s a little like a flag waving in the
molecules were able to kill the para- parasite when they bite people for a Malaria killed 435,000 people last wind,” he added.
sites. After around six years of work, meal of blood (males do not bite). year, the majority of them children “It really sounds otherworldly, and
631 candidate molecules for a “chem- Then, the parasite lodges in the under five in Africa. that is exactly what it is.”
ical vaccine” have been identified -- a liver and multiplies. After a couple of The first malaria vaccine for chil- InSight is designed to study the in-
normal vaccine that would allow the weeks, the population explodes and dren -- called RTS,S -- will be dis- terior of Mars like never before, us-
body to make antibodies. parasites run rampant in the blood. tributed in thee African countries in ing seismology instruments to detect
“If you could find a drug that you At this stage, fever, headache and 2019, though it only reduces the risk quakes and a self-hammering mole to
give on one day at one time that muscle pain begins, followed by cold of malaria by 40 percent after four measure heat escape from the plan-
will kill all the malaria parasites in sweats and shivering. Without treat- doses. et’s crust. Sensing the wind, which
moved from northwest to southeast
“Cote d’Ivoire is not on board,” he added, using the official name of Ivory Coast” at around 5 pm local time, was “an
unplanned treat,” said Bruce Banerdt,
US scraps UN meeting on North Korea human rights InSight principal investigator at NA-
The United States has dropped a bid The US has, every year since 2014, Every year, China has requested a SA’s Jet Propulsion Laboratory in
to hold a UN Security Council meet- garnered the nine votes needed at the procedural vote but failed to derail Pasadena, California.
ing on North Korea’s human rights council to hold the meeting, despite the meeting due to the nine “yes” NASA’s Viking 1 and 2 landers
record after failing to garner enough opposition from China. votes secured by the United States. also picked up signals of the Martian
support for the talks, diplomats said But diplomats said that only eight “They don’t have the numbers this wind when they landed in 1976.
Friday. countries supported the US request year,” a Security Council diplomat They were measuring it at lower
The decision to scrap the meet- this year, with non-permanent mem- told AFP. “Cote d’Ivoire is not on sampling rates, however, not fre-
ing held every year since 2014 also ber Ivory Coast refusing to bow to board,” he added, using the official quencies that would be audible, and
comes as the United States is seeking pressure to lend its backing. name of Ivory Coast. did not return sounds that people
a second summit between President China, which has strong expand- The meeting had been tentatively could listen to. “Personally, listening
Donald Trump and North Korean ing ties in Africa, has argued that the set for Monday. to the sounds form the pressure sen-
leader Kim Jong Un. Security Council is not the venue to A US official however suggested sor, reminds me of sitting outside on
North Korea had written to council discuss human rights as a threat to in- the meeting could still take place at a windy summer afternoon, listening
members last month to urge them to ternational peace and security. a later date, but not in December, to the turbulent gusts come and go
block the US request for the meet- Beijing says it should be raised when Ivory Coast holds the monthly and whistle through your ears,” said
ing that shines a spotlight on Pyong- in the Geneva-based Human Rights rotating presidency of the Security Don Banfield, a researcher at Cornell
yang’s dismal record. Council. Council. University.

Page 2 Saturday December 08, 2018
State media said “We must have the courage to stay the course against the Zeitgeist”
China launches rover for first Merkel loyalist wins German party leadership battle
far side of the moon landing
China launched a rover early Satur- cal Merkel critic and current health
day destined to land on the far side minister Jens Spahn -- lost in the
of the moon, a global first that would first round. Merkel, 64, had earlier
boost Beijing’s ambitions to become mounted a staunch defence of her
a space superpower, state media said. moderate course since becoming
The Chang’e-4 lunar probe mis- chancellor in 2005.
sion -- named after the moon goddess Accepting a lengthy standing ova-
in Chinese mythology -- launched tion from delegates, many tearful
on a Long March 3B rocket from the and holding “Thanks, boss” placards
southwestern Xichang launch centre aloft, a visibly moved Merkel said the
at 2:23 am (1823 GMT), according to party had won four national elections
the official Xinhua news agency. under her by holding fast to its prin-
The blast-off marked the start of ciples.
a long journey to the far side of the Pointing to the rise of populism
moon for the Chang’e-4 mission, ex- worldwide and what she called a
pected to land around the New Year breakdown of shared Western values,
to carry out experiments and survey Merkel said the order she had cham-
the untrodden terrain. pioned was at risk.
Xinhua said the successful launch “Whether it’s the rejection of mul-
had opened “a new chapter in lunar tilateralism, the return to nationalism,
exploration”. the reduction of international coop-
Unlike the near side of the moon German Chancellor and leader of the Christian Democratic Union Angela Merkel (AFP) eration to deal-making or threatened
that is “tidally locked” and always Annegret Kramp-Karrenbauer, a grassroots democracy. In a brief, trade wars... hybrid warfare, destabli-
faces the earth, and offers many flat close ally of Angela Merkel, won upbeat address before the vote that sation of societies with fake news or
areas to touch down on, the far side is a tight race to succeed her as party brought many delegates to their feet, the future of our EU -- we Christian
mountainous and rugged. leader Friday, seeing off a longtime she called on the party to reject the Democrats must show in the face of
It was not until 1959 that the Soviet rival of the German chancellor. politics of fear as the far-right makes all these challenges what we’ve got,”
Union captured the first images of the The contest, which required a run- inroads in Germany and Europe. she said.
heavily cratered surface, uncloaking off vote to secure a 52-percent ma- “We must have the courage to stay Handpicked by Merkel as general
some of the mystery of the moon’s jority for AKK as she is known, is the course against the Zeitgeist,” she secretary of the party in February,
“dark side”. expected to increase the likelihood said. AKK was immediately seen as the
No lander or rover has ever touched that Merkel will be able to see out her AKK beat corporate lawyer Fried- chancellor’s anointed crown princess.
the surface there, positioning China fourth term until 2021. rich Merz, 63, who had quit politics Her modest style, even temper and
as the first nation to explore the area. AKK, 56, pledged to maintain con- in 2009 after losing a power strug- largely middle-of-the-road policies
“China over the past 10 or 20 years tinuity after 18 years of Merkel at the gle against Merkel and long nursed mirror Merkel’s, but each woman is
has been systematically ticking off helm while opening up the Christian a grudge against the more centrist respected for the flash of steel they
the various firsts that America and Democratic Union (CDU) to more chancellor. The third candidate -- vo- have shown at decisive moments.
the Soviet Union did in the 1960s
and 1970s in space exploration,” said The identity of the 12th victim was not immediately clear
Jonathan McDowell, an astronomer
at the Harvard-Smithsonian Center Twelve killed in foiled Brazil bank assaults
for Astrophysics. Twelve people -- including five from gunshots.” The identity of the “I’ve never seen anything like it. I
“This is one of the first times hostages -- were killed in northeast 12th victim was not immediately stayed inside my home, cowering and
they’ve done something that no one Brazil on Friday after police foiled clear. afraid,” a local resident, Mendonca
else has done before.” a gang of armed robbers staging si- Various weapons and explosives de Santa Helena, told media. “I heard
It is no easy technological feat -- multaneous pre-dawn assaults on two as well as three vehicles used in the people yelling and crying. It was hor-
China has been preparing for this mo- banks in the town of Milagres, offi- bank assaults were recovered. rible.” Shaken by the violence, the
ment for years. cials said. The gang had launched simulta- municipality of Milagres suspended
A major challenge for such a mis- The five dead hostages were mem- neous assaults on two banks on the most of its activities on Friday and
sion is communicating with the ro- bers of the same family and included same street in Milagres -- population asked residents to stay at home “until
botic lander: as the far side of the two children, the local mayor, Lielson 28,000 -- shortly after 2:00 am (0400 order is restored.”
moon always points away from earth, Landim, told the Folha de Sao Paulo GMT). According to the G1 news Brazil is one of the most violent
there is no direct “line of sight” for newspaper. They had been returning website, the robbers had blocked a countries in the world, suffering nearly
signals. from a nearby airport when some of street with a truck and stopped the car 64,000 murders last year -- a homicide
As a solution, China in May blasted the robbers seized them. carrying the family, which included rate of 30.8 per 100,000 inhabitants
the Queqiao (“Magpie Bridge”) satel- The secretary for security in the relatives who had just arrived on a that is three times higher than the level
lite into the moon’s orbit, positioning state of Ceara, Andre Costa, said in flight from Sao Paulo to celebrate the United Nations considers to be en-
it so that it can relay data and com- a statement that an investigation was Christmas with them. demic violence. On January 1, a far-
mands between the lander and earth. being carried out to identify those G1 reported that the robbers “ex- right politician promising a relentless
Adding to the difficulties, killed and the circumstances of their ecuted” the hostages when police crackdown on crime, Jair Bolsonaro,
Chang’e-4 is being sent to the Aitken deaths. Costa did not say whose bul- turned up. It said some of the gang will become Brazil’s new president
Basin in the lunar south pole region lets killed the hostages. Landim had managed to escape. following his election in October.
-- known for its craggy and complex earlier said that, based on initial in-
terrain -- state media has said. formation, he understood that “the
The probe is carrying six experi- criminals killed the hostages and the
ments from China and four from police killed the criminals.”
abroad. They include low-frequency Two suspects were arrested, ac-
radio astronomical studies -- aiming cording to Costa’s office.
to take advantage of the lack of in- “A heavily armed group arrived in
terference on the far side -- as well the town in the early hours and went
as mineral and radiation tests, Xinhua to the center of town, where they tried
cited the China National Space Ad- to commit the crime. There was an
ministration as saying. exchange of fire between the suspects
The experiments also involve and police,” it said.
planting potato and other seeds, ac- It said six gang members were
cording to Chinese media reports. killed and “another six people died

Page 3 Saturday December 08, 2018
“I can assure everyone that we are a country (with) an independent judiciary” Wall Street Indexes
Huawei exec faces US fraud charges linked to Iran, court hears Dow Jones 24388.95 - 2.24%
- 3.05%
S&P 2633.08 - 2.33%
International Stock Indexes
Chinese telecom giant Huawei’s Ren Zhengfei, a former engineer in curity costs would be borne by her. Australia 5681.492 + 0.42%
chief financial officer faces US fraud China’s People’s Liberation Army -- The extradition process could take Frankfurt 10788.09 - 0.21%
charges related to sanctions-breaking has violated no laws in Canada or the months, even years, if appeals are Italy 18741.98 + 0.53%
business dealings with Iran, a Cana- United States and has demanded her made in the case. The Vancouver London 6778.11 + 1.1%
dian court heard Friday, a week after release. Sun reported on Friday that Meng’s Madrid
she was detained on an American ex- Washington and Beijing have ex- husband Xiaozong Liu is believed to Paris 4813.13 + 0.68%
tradition request. changed steep tariffs on more than own at least one luxury home in the Tokyo 21678.68 + 0.82%
Meng Wanzhou was arrested in $300 billion in total two-way trade, city. Toronto 14795.13 - 0.95%
Canada’s Pacific coast city of Van- locking them in a conflict that has be- Canada is one of more than 100 Latin-American Stock Indexes
couver on December 1 while chang- gun to eat into profits. countries that have an extradition Bogota 1382.45 - 0.54%
ing planes during a trip from Hong Trump tweeted Friday that negotia- treaty with the United States, requir- Buenos Aires 31550.4 - 1.47%
Kong to Mexico -- ratcheting ten- tions to defuse the high stakes dispute ing it to cooperate with US Depart- Lima 19405.06 + 0.43%
sions between the United States and were “going very well” but the mes- ment of Justice requests to hand over Mexico 41870.13 - 0.28%
China just as the countries’ leaders sages since Meng’s arrest have been suspects. Panama 456.54 - 0.14%
agreed a truce in their trade war. mixed, roiling global stock markets. This longstanding treaty requires Santiago 5094.62 - 0.52%
A Canadian government lawyer Her appearance at the British Co- that the offense for which extradi- Sao Paulo 88115.06 - 0.82%
asked the court to deny her bail, say- lumbia Supreme Court in Vancouver tion is being sought is also a crime in Venezuela 776.14 - 5.59%
ing she has been accused of “con- is a prelude to an extradition process Canada. Most Active Stocks
spiracy to defraud multiple financial that could take months. A Canadian court must decide if 3D Systems Corp 11.57 - 5.01%
institutions” and if convicted faces CNN, quoting an unnamed official, there is sufficient evidence to support 3M Co 198.24 - 2.19%
more than 30 years in prison. said the United States saw the arrest the extradition, but then it is left to Alcoa 28.82 - 2.8%
She is specifically accused of lying as providing leverage in US-China Canada’s justice minister to sign the Amex 106.68 - 1.45%
to US banks about the use of a covert trade talks -- although White House order. AT&T 30.14 - 1.28%
subsidiary to sell to Iran in breach of trade advisor Peter Navarro has de- On Thursday, Prime Minister Jus- B. of America 25.43 - 3.23%
sanctions. nied any link to the dialogue. tin Trudeau defended Canada’s arrest Boeing 323.22 - 2.62%
The lawyer said that Meng had On Friday, Beijing nevertheless of Meng, saying politics played no Caterpillar 123.55 - 3.75%
personally denied to American bank- alleged that Meng, known internally part in the decision. Chevron 115.49 - 0.36%
ers any direct connections between as the “princess” of Huawei and pos- “I can assure everyone that we are Cisco Systems 46.44 - 4.03%
Huawei and the subsidiary, SkyCom, sible heir to the throne, had become a a country (with) an independent ju- Coca Cola 49.09 - 0.59%
when in fact “SkyCom is Huawei.” pawn in the dispute. diciary,” Trudeau told a tech confer- Exxon Mobil 77.64 - 0.96%
SkyCom’s alleged sanctions breaches “The Chinese government should ence in Montreal. General Electric 7.01 - 4.63%
occurred from 2009 to 2014. seriously mull over the US tendency Huawei’s affordable smartphones H.P. 22.93 - 4.54%
He suggested that Meng has also to abuse legal procedures to suppress have made strong inroads in the de- Home Depot 172.79 - 1.8%
shown a pattern of avoiding the China’s high-tech enterprises,” said veloping world, but the company IBM 119.34 - 3.69%
United States over the past year since the nationalist tabloid Global Times has faced repeated setbacks in ma- Intel 46.24 - 4.4%
becoming aware of the investigation in an editorial. jor Western economies over security Johnson & Johnson 145.43 - 0.33%
into the matter, argued that she has “Obviously, Washington is resort- concerns. JPMorgan 103.29 - 1.81%
no ties to Canada and has access to ing to a despicable rogue’s approach Earlier this week, Canadian offi- Kraft Heinz Co 48.71 - 1.64%
vast wealth and political connections as it cannot stop Huawei’s 5G ad- cials said Ottawa was continuing to McDonalds 182.96 - 1.34%
-- and thus poses a flight risk. vance in the market,” it went on. review Huawei’s technology for use Merck & Co 76.72 - 2.11%
Meng’s detention in Canada came Meng spent most of the past week in upcoming fifth generation net- Microsoft 104.82 - 4%
on the day of a summit at which US at a women’s detention facility in a works. Pfizer 43.92 - 2.36%
President Donald Trump and his Chi- suburb of Vancouver. The company faces being shut Procter & Gamble 92.45 - 1.18%
nese counterpart Xi Jinping agreed If she is released on bail, she would out of Australia, New Zealand and Travelers Cos 123.56 - 0.87%
to a truce in the escalating trade likely have to surrender her passport US 5G rollouts, and British telecom United Tech. 119.45 - 1.65%
dispute opposing the two economic and submit to electronic monitoring group BT revealed on Wednesday it Verizon 57.68 - 0.69%
powerhouses. China says Meng until she is discharged or surrendered was removing Huawei equipment Wal-Mart 93.19 - 1.67%
-- the daughter of Huawei founder for trial to the United States. All se- from its core cellular network. Walt Disney 111.98 - 1.3%
During the same period, imports of crude were 7.22 million barrels per day and refined products were 1.62 million barrels per day
Key landmark for US shale boom: Net exporter
For the first time in decades, the Unit- ing it competitive with the largest fined product exports, we knew that highly specialized units that are very
ed States last week was a net exporter global oil producers, including Saudi was going to happen eventually,” said efficient at turning crude into refined
of crude oil and petroleum products. Arabia and Russia. Kyle Cooper of IAF Advisors. products,” Cooper said.
That distinction -- revealed in US According to Thursday’s EIA data, Beyond the surge in exploration and Other supportive elements of US
Energy Information Administration the US exported 3.2 million barrels of production of crude, the United States refining include comparatively cheap
data released Thursday -- is the latest crude per day and 5.85 million bar- also benefits from a robust network of crude oil and lower prices on natural
sign of how the shale boom has lifted rels per day of refined products for petroleum refineries. “You continue to gas and electricity that fuel the plants.
the United States’s standing on global the week ending November 30. see the refineries run at very high rates Profit margins for US refineries
petroleum markets, prompting talk of During the same period, imports of as a result of the billions of dollars of “are just better than their global com-
“energy dominance” by President crude were 7.22 million barrels per investments made many years ago in petitors,” Cooper said.
Donald Trump. day and refined products were 1.62
It’s quite a change from the situa- million barrels per day.
tion that defined American energy for Together, the two streams mean Foreign Exchange
decades after the 1970s oil shocks led the US was a net exporter by 211,000
to a US ban on oil exports in 1975. barrels last week, the data show -- the EURO USA CAN UK AUS SWISS H.KONG JAP
The US reversed the policy in late first time it has reached that distinc- EURO - 1.14 1.52 .89 1.56 1.12 8.90 128.00
2015. tion since the EIA began collecting USA .88 - 1.33 .78 1.39 .99 7.81 112.36
New petroleum recovery tech- data in 1973. Analysts do not neces- CAN .66 .75 - .59 1.03 .75 5.80 84.00
niques such as hydraulic fracturing, sarily expect the US to remain a net UK 1.12 1.28 1.69 - 1.75 1.27 10.00 144.00
leading to major new oil production exporter every week, but the shale AUS .64 .72 .97 .57 - .70 5.70 82.00
in North Dakota, Texas, Pennsylvania boom has undeniably altered the pic- SWISS .89 1.01 1.33 .79 1.43 - 7.90 114.00
and other states. ture of American energy. H.KONG .11 .13 .17 .10 .18 .13 - 14.40
The US currently pumps out 11.7 “With the US oil production grow- JAP .01 .01 .01 .01 .01 .01 .07 -
million barrels per day of crude, mak- ing, with the continued growth in re-

Page 4 Saturday December 08, 2018
According to a statement “I think people are extrapolating too much from that” Unemployment 3.7%
Mozambique lawyers sue Survey shows ebbing confidence among US CEOs US job creation slows to
“We’ve had some slightly weaker
US gas giant over land deal Sentiment among US corporate lead- numbers this quarter but that may just 155,000 in November
ers declined for the third straight
Lawyers in Mozambique are su- quarter, according to a survey re- be like a bump in the road,” Dimon Job creation slowed unexpectedly in
ing US fossil fuel giant Anadarko leased Friday, the latest sign of said on a telephone briefing with re- the United States last month as the
to block its planned $20 billion gas mounting belief that US economic porters. “I think people are extrapo- service sector added fewer work-
project, arguing the land was illegal- growth may have peaked. lating too much from that.” ers, but the unemployment rate held
ly taken from locals, according to a The economic outlook rating The roundtable has applauded steady at a 49-year low, the govern-
statement published Friday. among US chief executives declined Trump for enacting tax cuts and ment reported Friday.
Anadarko is one of the global com- to 104.4 in the fourth quarter from streamlining regulation but sharply The new numbers fell below recent
panies investing billions of dollars to 109.3 in the third quarter, according criticized the US president for his ag- trends, denying President Donald
exploit major gas reserves discovered to the Business Roundtable. gressive approach on trade that has Trump a dose of rosy news as fears
off Mozambique’s northeastern coast Plans for capital investment and resulted in higher costs from tariffs mount that growth in the world’s larg-
and the lawsuit could further delay hiring and sales expectations all de- that the group says has dented senti- est economy has peaked.
operations already frustrated by ji- clined compared with the prior quar- ment. Hiring fell to 155,000 net new
hadist attacks. ter. However, all three categories Business Roundtable President positions in November while the
“As part of a legal monitoring remain high by historical standards, Joshua Bolten praised Trump for the gain in October was revised down to
project on land rights... we requested said the lobbying group, which is trade tariff ceasefire with Chinese 237,000, the Labor Department re-
the Administrative Court annul the composed of the leaders of Apple, leader Xi Jinping. Bolten said he did ported.
right to use land on an area of 6,475 General Motors, IBM and other US not expect the 90-day timeframe for But the jobless rate did not budge,
hectares,” the Mozambique Bar As- giants. the China talks to be sufficient to ad- holding at 3.7 percent for the third
sociation said in statement posted on Several leading economists have dress all the problems, but that it was consecutive month, and hourly wages
its website. trimmed their US growth projections a “good start.” continued to outpace inflation.
Hardline Islamists have launched for 2019 and 2020, a recognition of But Bolten criticized Trump’s plan The November result was substan-
several deadly attacks in the Mus- an ebbing in the economic bump to formally withdraw from the NAF- tially weaker than the 189,000 new
lim-majority, oil-rich Cabo Delgado from a giant US tax cut signed into TA agreement with Mexico and Can- jobs economists had been expecting
province in the past year, stoking law by President Donald Trump in ada in favor of a new regional trade to see and also fell short of average
unrest just as Maputo pushes ahead December 2017. Most economists deal that has been signed by not yet gains recorded over the last year.
with oil and gas development in the still do not believe a US recession is ratified by lawmakers. While the report contained some
region. likely in the near-term. The new pact is known as the US- good news for workers, worries that
Anadarko has previously said that “What the survey says is the for- Mexico-Canada Agreement. the current pace of economic growth
Mozambique’s natural gas reserves, ward expectations are strong, they’re “An actual withdrawal from NAF- may not be sustainable has rattled
of which it has discovered 75 trillion not as strong as they were four TA would be a disaster for the entire markets in recent weeks.
cubic feet so far, “are among the best months ago,” said JPMorgan Chase North American economy, including The Federal Reserve has offered
and the largest in the world”. CEO Jamie Dimon, who serves as the United States,” Bolten said. some relief by signaling it will con-
The bar association has said that chairman of the roundtable. “We think if the administration is sider slowing the pace of interest rates
a process of transferring land rights Dimon also said the US employ- to get the new USMCA approved in next year -- but November’s strong
that began in 2012 and led to Anadar- ment picture remained robust, despite Congress, it ought to be on its own wage gains and low unemployment
ko being granted an exploration con- US jobs data on Friday that showed merits, not with fear of something could add to the case for continuing
cession was illegal. disappointing growth in November. worse.” to tighten monetary policy.
Still, investors initially greeted the
“Signs of a maturing, but still robust labor market” news warmly, with stocks opening
higher, but Wall Street quickly turned
US Fed on quest for unicorn of monetary policy: the soft landing lower in late morning trade.
The US central bank is on a quest Jerome Powell, have had to change Management’s surveys of the manu- Average hourly earnings rose 3.1
for a mythical goal: keeping steady their messaging to calm jittery inves- facturing and services sectors, as well percent as compared with November
economic growth without allowing tors: signaling it might slow the pace as the Fed’s “beige book” national 2017, matching the pace recorded in
inflation to catch fire. This so-called of increases in the key lending rate. survey, showing widespread labor October, which had been the stron-
soft-landing is the unicorn of central The US stock market took another shortages and increasing reports of gest increase in nearly a decade.
banking, rarely if ever seen. dive on Friday, with losses of more wage and price increases in many in- But consumer inflation only rose
The Federal Reserve’s job might than two percent, or close to 600 dustries as a result. 2.5 percent in that period, giving
seem simple: the economy is closing points for the Dow. Rising wages always make the Fed workers some increased spending
in on the longest period of growth in The critical employment report on sit up and take notice since this feeds power.
recorded history, with unemployment Friday gave a mixed message about into inflation. Tight labor markets Hiring fell in the auto industry, a
at the lowest in nearly 50 years and in- the state of the economy. Job gains have even caused some companies sector in which major US manufac-
flation right on target at two percent. slowed to 155,000 last month, lower to delay projects but the primary risk turers are now increasing layoffs,
By those measures the Fed can de- than expected and well below the businesses see -- including 82 percent as well as in hospitality and leisure,
clare victory. Full employment and 209,000 monthly average of the last of those in the Business Roundtable along with professional and informa-
stable inflation are the goals that Con- 12 months. survey -- is tariffs. tion services.
gress set for the central bank. That slowdown, possibly reflecting Trump has imposed steep tariffs Hiring at the federal and local gov-
But the wild ride on US stock mar- the lingering effects of the hurricanes on imported steel and aluminum, and ernment levels also slowed for the
kets in recent weeks, and in particular in the prior two months, is in keeping on $250 billion in goods from China, second month in a row.
the past four days, show the challenge with an economy hitting its peak. raising costs, notably in the auto sec- Ahead of the crucial holiday sea-
for central bankers in an environment “Signs of a maturing, but still ro- tor, which has seen major job cut son, hiring by major retailers re-
where President Donald Trump can bust labor market,” Greg Daco of announcements, and delaying expan- versed some of the declines of recent
change economic policy and shake Oxford Economics said of the report, sion and investment plans. months, adding 18,000 new positions
business confidence with each tweet. echoing the view of other analysts. The key challenge for the Fed ef- -- but this was partially offset by loss-
Economic data have started to But the data also showed wages fort to achieve a soft landing will es in stores selling clothing and elec-
flash early warning signs and anxi- continued to rise and were 3.1 per- be to address the contrary forces of tronics, as well as outlets for sporting
ety among businesses is amplified cent higher than a year earlier, out- rising price pressures and a slowing goods and books.
by Trump’s use of uncertainty as a pacing inflation. economy. “All these components are very
negotiating tool while he pursues a And the Business Roundtable’s Although Trump announced a 90- noisy month-to-month and we see no
confrontational trade policy, targeted quarterly survey released Friday day tariff truce with China’s President sign of softening trends,” Ian Shep-
at allies and adversaries alike -- but in showed that while chief executives Xi Jinping, doubts about the timeline herdson of Pantheon Macroeconom-
particular against China. remained confident about the econ- and likely policy outcomes have in- ics wrote in a client note.
The Fed’s role is a balance between omy, they cited labor as the primary creased fears that the US economy At the current rate, unemployment
cheerleader, therapist and sheriff for cost pressure their companies face. could slow and even contract in the is likely to continue to fall, reaching
financial markets. And lately senior That same sentiment has been next two years, sending investors as little as three percent by the end of
officials, including Fed Chairman reflected in the Institute of Supply scurrying for cover this week. next year, he said.

Page 5 Saturday December 08, 2018
“I want to take my unbeaten performance in UK and India to America as well” Yachting
Indian boxer Singh targets Alvarez after making leap to US British Golden Globe sailor
rescued in Southern Ocean
Indian boxer Vijender Singh said he’s British Golden Globe Race sailor
hoping for a world title fight with Susie Goodall was plucked from a
Mexico’s Canelo Alvarez at Madison stormy Southern Ocean by a Chinese
Square Garden after signing a new ship on Friday, a day after her yacht
deal with the legendary US promoter was dismasted, rescuers told AFP.
Bob Arum. Goodall “was rescued at 1500
The 33-year-old Singh, a bronze GMT and is already on the ship head-
medallist at the 2008 Beijing Olym- ing to Punta Arenas,” in southern
pics, has an unbeaten 10-0 record Chile, the country’s Maritime Rescue
since he turned pro in 2015, but failed Services said.
to get a single fight this year. A photo tweeted by rescuers
He has now turned to Arum’s Top showed Goodall, her head wrapped in
Rank Promotions, where he will get a a bandana, being winched above the
chance to train with leading coaches waves and aboard the Hong Kong-
including Robert Garcia and Freddie flagged vessel Tian Fu.
Roach, the long-time handler of Fili- “Susie is on the ship!!!!
pino great Manny Pacquiao. Wowowow! Message just received
“It’s great to be associated with from Susie Goodall,” the Golden
Top Rank. I want to take my un- Globe Race organizers announced on
beaten performance in UK and India their website.
to America as well,” Singh told AFP “This is fantastic news indeed...
on Friday. Indian boxer and WBO Asia-Pacific Super Middleweight champion Vijender Singh (AFP) well done Susie too,” they said.
“They will grant us three to five Fielding. He is a good fighter and if year. But will take it to the next lev- The 44,000-ton (40,000-tonne)
fights in a year depending upon my I do get a chance to face him for the el when I travel to the US later this Tian Fu was expected to dock in Pun-
training and fitness. US is the place world title then why not,” said Singh. month,” added the Indian, whose last ta Arenas on December 12.
to be when it comes to pro boxing.” For Singh, fighting in the US is a fight was against African champion The youngest competitor in the
Singh said it was his ambition to “dream come true” and he believes Ernest Amuzu in December 2017. race and the only woman, 29-year-
square off with middleweight world training with big names like Garcia Singh’s scheduled fight in July this old Goodall was briefly knocked
champion Alvarez, who is taking on and Roach will lift his career. year against Briton Lee Markham for unconscious when mountainous seas
Britain’s WBA super middleweight “Bob Arum introduced us to Garcia the Commonwealth super middle- upended her yacht DHL Starlight ear-
champ Rocky Fielding at New York’s and Roach. We are still trying to fig- weight title was called off after his ly Thursday, tearing off its mast and
Madison Square Garden on De- ure out who will ultimately train me. opponent pulled out due to injury. trashing much of her equipment.
cember 15. “If I can get Canelo at But certainly they are all big names Singh became a national hero 10 Goodall had managed to get her
Madison Square Garden, what better and it will be an honour to be coached years ago when he became the first engine running but it failed after just
than that. He is fighting in the super by them,” said Singh. “I am training Indian to win a boxing medal at the 20 minutes, complicating rescue ef-
middleweight category with Rocky hard despite not getting a fight this Olympics. forts as Chilean authorities diverted
the Tian Fu to the area.
Not interested in Pacquiao “We need to become more of a selling league” As the nearest vessel to Goodall’s
Lomachenko ready for Garber celebrates ‘most competitive’ MLS campaign stricken 36-foot (11-meter) Rustler-
model yacht, it was called on by the
unification bout Major League Soccer commissioner Cincinnati, Ohio, Nashville, Ten- maritime authorities to assist the solo
Don Garber hailed 2018 as its “most
nessee, Austin, Texas, and Miami --
sailor once the gravity of her situation
Three-division world champion competitive season” as he assessed where former England captain David became clear. The race organizers said
Vasiliy Lomachenko is eager to notch the state of the North American league Beckham’s long awaited franchise is Goodall had managed to use a sea an-
another career first on Saturday as he on the eve of the MLS Cup final. slated to launch in 2020. The city that chor to slow her yacht -- which was
attempts to unify two belts when he Garber lauded MLS Cup final- will host a 28th franchise will be des- being driven by heavy seas -- to make
fights Jose Pedraza. ists Atlanta United and the Portland ignated “shortly,” Garber said. a rescue attempt less dangerous.
“It’s the next step for my dream,” Timbers while touching on topics in- Garber said that now that MLS has “She’s a real fighter,” said a Gold-
said Lomachenko, the World Box- cluding league expansion, the global matured, it’s time for the league to en Globe Race spokesman on Face-
ing Association lightweight world transfer market and possible changes embrace a place in the global transfer book before Goodall was winched off
champion who brings a record of to the MLS Cup playoffs format. market. “We need to become more of her boat. “She didn’t want to get rid
11-1 with nine knockouts to the “My guess is we’re probably go- a selling league,” said Garber, who of the boat. She didn’t want to aban-
bout against Puerto Rico’s World ing to end up with something that’s formerly advocating trying to hang don it. And we had to make her real-
Boxing Organization champ Pe- a little different than we have now,” onto the league’s stars to raise the ize that the situation might be a little
draza. Garber said of the post-season. profile of the game at home. bit more serious than that.”
“It’s the next step for my goal, and He declined to go into specifics “We all need to get used to the fact Goodall was attempting to navi-
after this fight I think my dreams pending discussions among club that, in the world of global soccer, gate the southern Pacific’s notorious
come a little bit closer to me.” owners next week but said the aim of players get sold,” he added. Roaring Forties when she lost her
Lomachenko weighed in on Friday changes would be “to make the regu- This season, MLS has seen the mast.
at 134.4 pounds (60.96 kg) and Pe- lar season more and more important.” record-breaking sale of Alphonso The young Briton sent a series of
draza at 134.2. Regarding expansion, Garber said Davies, who departed the Vancouver frantic text messages to race organiz-
A victory could put Lomachenko he was confident MLS could even- Whitecaps to join Bayern Munich ers throughout her ordeal.
on a path to a 135-pound clash with tually grow to include more than 28 for a fee that could reach $22 mil- “Taking a hammering! Wondering
unbeaten Mikey Garcia. teams -- the limit that has been fixed lion, while midfielder Tyler Adams what on Earth I’m doing out here,”
One thing the Ukrainian isn’t for expansion for several years. was sold to RB Leipzig after break- she texted as the storm hit.
contemplating is a meeting -- at any “There is no doubt in my mind that ing through with the New York Red When concerned organizers finally
weight -- with Filipino great Manny we can support more than 28 teams in Bulls. “I don’t know that it’s entirely managed to contact her by satellite
Pacquiao. MLS,” he said. about young players chasing their phone several hours later -- after she
“There are a lot of good fighters to MLS, which doesn’t feature pro- dreams as it is about international had activated a distress beacon -- she
fight who are comparable to me,” Lo- motion or relegation, currently in- clubs chasing our young players,” confirmed her boat had been dis-
machenko told reporters in New York cludes 23 clubs whose owners have he said. “That’s something that we masted but said the hull had not been
on Thursday. paid an entry fee -- now higher than have to wrap our collective minds breached.
“I’m not disrespecting Pacquiao. $150 million dollars (131.5 million around and figure out how we man- “The boat is destroyed. I can’t
He’s old. I think his career is done. euros) to launch a team. age that in a way that justifies our make up a jury rig. The only thing
I don’t want to become a legend in MLS has given the go-ahead for owners investing north of $100 mil- left is the hull and deck which remain
boxing because of him.” new clubs in upcoming seasons in lion outside of our first team rosters. intact,” she said.

Page 6 Saturday December 08, 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
4 6 7 9 9 8 7

9 6 7 4 2 5

7 4 5 9 1 3 5 3

2 4 5 9 1 2 4 3 9

3 9 3 2 5
1 2 3 4 5 6 7
6 2 8 3 7 7 8 5 9 10 11 12 6 2
13 14 15
1 9 8 6 7 2 16 6 17 8
18 19 20 21
6 3 2 8 6 22 23 24 8
2 1 5 6 7 26 4 27 28 29 30 31 9
32 33 34
35 36
1 2 3 4 5 6 7 ACROSS DOWN

8 9 10 11 12 1 Like 1 Translucent gypsum
3 Country house 2 Sun's name
8 Nobleman 4 By
13 14 15 11 Idiot 5 Communication Workers of America
13 Disinterested (abr.)
16 17 15 Ammunition 6 Dress edge
16 Played in the water 7 Fortify
18 Street 9 Flowers of love
18 19 20 21
20 Tell 10 Low
22 Bro.'s sibling 12 Polygon surrounded solid
22 23 24 23 Seize quickly 14 Book by Goethe
25 Band instrument 17 Meal listings
25 26 Shine 19 Caesar's six
30 Fish 20 Launch
32 Rustic 21 Actinium (abbr.)
26 27 28 29 30 31 34 Toss 24 The alphabet
35 Cope (2 wds.) 27 Stein
32 33 34 36 Baton Rouge locale 28 Anger
29 Make lace
31 Fat
35 36
33 Pound (abbr.)
Fold Fold

ACROSS 1 8 9 5 4 2 3 7 6 DOWN 8 7 3 2 9 6 S T I R R U R A L (52)8183105037
[email protected]
1 Like 9 5 2 4 7 6 8 1 3 1 Translucent gypsum S N A T C H S I S [email protected]
Information Source:
3 Country house 8 1 6 3 9 5 7 4 2 2 Sun's name 6 4 2 Agence France-Presse (AFP)
Printed and distributed locally in each hotel.
8 Nobleman 3 4 6 2 1 7 9 6 5 8 4 3 1 2 8 9 7 5 5 4 By 1 6 9 7 3 4 8 2 7 8 5 6 1 3 A M M O A L O O F All rights reserved.
Reproduction in whole or in part by any printed
or electronic without permission of the publisher.
11 Idiot 5 9 8 2 1 7 6 3 4 5 Communication Workers of America L O R D A S
13 Disinterested (abr.) Solution:
15 Ammunition 6 Dress edge
16 Played in the water 7 Fortify
18 Street 9 Flowers of love
20 Tell 10 Low
22 Bro.'s sibling 12 Polygon surrounded solid
23 Seize quickly 14 Book by Goethe
25 Band instrument 17 Meal listings
26 Shine 19 Caesar's six
30 Fish 20 Launch
32 Rustic 21 Actinium (abbr.)
34 Toss 24 The alphabet
35 Cope (2 wds.) 27 Stein
36 Baton Rouge locale 28 Anger
29 Make lace
31 Fat
33 Pound (abbr.)


November 1st, 2018 – May 15th, 2019.

Cabo Real Club Campestre Puerto Los Cabos
Green Fee San José
Public Public Public

-18 Holes $245.00 $200.00 $190.00 $150.00 $285.00 $230.00
-Early Twilight 12:00p $200.00 $160.00 $160.00 $130.00 $230.00 $185.00
-Twilight 1:30p $175.00 $140.00 $135.00 $110.00 $205.00 $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.


• Cancelation Policy: Our cancellation policy is 24 hours in advance. If you need to
change or reduce the number of players in your group, please do so at least 24

hours prior to your tee time. Failure to do so will result in a full charge.

• Green Fee includes: 18 holes, one shared golf cart per round, use of driving range
prior to round and bottled water.

• Our Pace of Play is 4 hours, 30 minutes. By booking this reservation you are in
agreement and acknowledgement of our pace of play requirements.

• Dress Code (Golfers and Riders): Appropriate golf attire is required. Collared golf

shirts and Bermuda / golf style shorts are allowed. Please note that denim,
swimwear, cut-offs, t-shirts, halter tops, tank tops, and flip flops are not

• Outside food and beverage is not permitted

• Riders are permitted based on availability of golf carts and cannot be guaranteed
in advance. Please contact the golf course the same day of play, to confirm
availability. Rider fees are $45 USD at Puerto Los Cabos and $35 USD at Cabo Real
& Club Campestre San José.

Available for $55.00 USD
Prices subject to change

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