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Published by it, 2018-10-14 07:17:00

Octubre 14

Hacienda Digest

October 14th, 2018

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Important news for important people Volume 3334 Sunday October 14, 2018
International Business Sports
Tens of thousands of people marched A bottle of Scotch dating back to Olympic champion Simone Biles ap- Cabo San Lucas
in Berlin Saturday in a protest against 1926 is tipped to set a new record in peared less than impressed on Satur- Blustery
racism after growing concern over a New York on Saturday for most ex- day with the appointment of former Sunrise: 7:16 AM
series of xenophobic incidents in the pensive bottle of alcohol sold at auc- US congresswoman Mary Bono as Sunset: 6:56 PM
east of the country... P.2 tion, valued at up to... P.3 the latest interim president... P.5 Humidity: 71% 74-79 F

The elections are also being seen as a barometer of President Donald Trump’s popularity UN
Chicago protest targets Trump’s ‘anti-woman agenda’ Golan crossing point to
reopen Monday: US
Women angered by the bitter fight “Women are angry. And we’re The United Nations, Israel and Syr-
over a US Supreme Court nominee starting to feel comfortable being an- ia reached an agreement to reopen
and what they called the “anti-woman gry.” the Quneitra crossing in the Golan
agenda” of the Trump administration ‘Take back the reins’ Heights on Monday, the United States
headed into the streets of Chicago Republicans currently hold the announced Friday, urging the two
on Saturday in a display of political White House and both chambers of Middle East countries to facilitate the
might. Congress, but many in the party fear work of peacekeepers in the zone.
Thousands gathered at a rally or- anti-Trump voters will overwhelm “The United States welcomes the
ganized by Women’s March Chicago, the president’s supporters in the elec- re-opening of this crossing, which
which is aimed at spotlighting the tions, pushing the House -- at least -- will allow UN peacekeepers to step
power and determination of women over to the Democrats. up their efforts to prevent hostilities
voters ahead of the crucial November The Chicago protest came with in the Golan Heights region,” US
6 midterm elections, which will de- early voting already under way in Il- Ambassador to the UN Nikki Haley
termine control of the US Congress. linois and more a dozen other states. said in a statement.
The elections are also being seen Others are soon to follow. The UN Disengagement Observer
as a barometer of President Donald Most states allow early voting by Force (UNDOF), with about 1,000
Trump’s popularity. mail-in ballot or at a limited number troops, was established in 1974 and
“We wanted to lead into the mid- of polling stations, giving those un- monitors a ceasefire line separating
terms and encourage women to get able to show up on Election Day a Israeli-occupied parts of the Golan
out and vote,” Jessica Schiller, head chance to vote. Heights from Syria.
of Women’s March Chicago, told Chicago organizers insisted their UNDOF resumed its patrols in the
AFP. Women gather for a rally at Grant Park (AFP) event -- where a giant, diaper-wear- area of the crossing point in August,
Saturday’s events include a “Voter hearing by his accuser Christine Bla- ing “Baby Trump” balloon made an after withdrawing in 2014 when Al-
Village” where dozens of community sey Ford. appearance -- did not favor any one Qaeda-linked rebels overran the area,
groups and politicians have set up All but one Senate Republican vot- party, even though funding came three years into Syria’s civil war.
booths to reach new voters and en- ed to confirm Kavanaugh to a lifetime largely from trade unions and Dem- UNDOF’s return was made pos-
courage political involvement. appointment on the Supreme Court. ocrat-aligned groups. sible after Syrian government troops
Demonstrators planned to leave the All but one Democrat voted against. “We want to take back the reins of retook the Syrian side of the crossing
rally site from 12:30 pm (1730 GMT) Women’s March Chicago said a government that is out of control, in July under a deal with rebel fight-
for a formal march through down- it was targeting the “anti-woman and give (them) to lawmakers who ers brokered by Moscow.
town Chicago before heading to early agenda of the White House and the can steer us always in the right di- It had been sealed completely since
voting locations in the Windy City’s Republican Party.” rection,” Women’s March Chicago rebels overran it in April 2015.
business district. Similar marches are scheduled lat- organizer Eman Hassaballa Aly told “We look to both Israel and Syria
The Chicago rally was among the er this month in other states, includ- a news conference this week. to provide UN peacekeepers the ac-
first signs of the political fallout from ing the Republican strongholds of Previous women’s protests have in- cess they need as well as assurances
the deeply partisan fight to confirm Texas, Georgia and South Carolina. cluded plenty of anti-Trump rhetoric. of their safety,” Haley said.
Trump’s nominee Brett Kavanaugh “It is infuriating to women to watch Protests in January shut down “We also call on Syria to take the
to the nation’s highest court despite that display that we watched in that Sen- streets in dozens of American cities. necessary steps so UNDOF can safe-
sexual assault allegations and power- ate committee hearing, and to see that that In Chicago, hundreds of thousands ly and effectively deploy and patrol
ful testimony against him at a Senate man was still confirmed,” Schiller said. marched. without interference.”
Haley added that all sides must
US President Donald Trump, as well as Israel, opposes how the agency operates stick to a 1974 agreement and “keep
any military forces other than UN
Canada boosts aid to Palestinian refugee agency peacekeepers out of the area.”
Canada stepped up aid for Palestin- lion a year funding for the agency. of millions of Palestinian refugees,” Israel seized much of the Golan
ian refugees on Friday, announcing UNRWA was set up in 1950 to help Ottawa said in a statement. Heights from Syria in the Six-Day
Can$50 million (US$38 million) for Palestinian refugees who lost their Another Can$10 million will be War of 1967 and later annexed it in a
the United Nations Relief and Works homes because of the 1948 Middle used to provide “emergency life-sav- move not recognized by the interna-
Agency (UNRWA), whose mission East conflict. Its assistance includees ing assistance to more than 460,000 tional community.
has suffered since Washington cut its schools, healthcare centers and food Palestinian refugees in Syria and The Quneitra crossing was used
help. distribution. Lebanon,” it said. by Druze living on the Israeli side
The Canadian top up comes after The Canadian contribution is to be In 2016, Prime Minister Justin travelling to Syria for higher edu-
the United States, the largest single spread over two years. Can$40 mil- Trudeau’s administration reversed cation or weddings. Druze farm-
contributor to UNRWA, announced lion will go to “meeting the basic ed- cuts to Palestinian aid by his prede- ers also exported apples to Syria
in August an end to its US$350 mil- ucation, health and livelihood needs cessor. through Quneitra.

Page 2 Sunday October 14, 2018
Politics Organisers said at least 150,000 people turned out for the march
Mozambique opposition Tens of thousands stage anti-racism march in Berlin
cries foul over election
Mozambique’s Renamo opposition Tens of thousands of people marched
on Saturday accused the government in Berlin Saturday in a protest against
of falsifying local election results racism after growing concern over a
in several areas, warning that such series of xenophobic incidents in the
a move could prompt it to abandon east of the country.
peace talks. Organisers said at least 150,000
The country went to the polls on people turned out for the march, al-
October 10 in a key test for the on- though Berlin police were yet to re-
going peace talks between the ruling lease their own estimate.
Frelimo party and Renamo -- nego- It’s already a success,” said The-
tiations which began in 2016 to end resa Hartmann, spokeswoman for the
three years of violence between gov- #unteilbar (indivisible) movement,
ernment troops and Renamo rebels. who said they had only been expect-
“We do not want war but we also ing 40,000 people to turn up.
do not accept any attempt to change The marchers walked in balmy
the popular will,” Renamo’s acting weather through the city centre be-
leader Ossufo Momade told report- fore gathering at the Brandenburg
ers. gate where a number of German
Although the official results have groups performed.
not yet been published, Renamo says They shouted anti-Nazi slogans
the party had been cheated of vic- and carried placards in favour of res-
tory in one major city and three other cue missions on the Mediterranean Demonstrators gather at Berlin’s Alexanderplatz during a major demonstration (AFP)
towns, accusing election officials of Sea and others saying “More love, Heiko Maas, a member of the Social At the end of August a far-right
tampering with the results. less hate” and “No room for Nazis.” Democratic Party (SPD), posted a demonstration in the eastern city of
“If the popular vote is not respect- The #unteilbar collective, made message of support on Twitter. Chemnitz after the murder of a Ger-
ed, Renamo will break off the nego- up of a number of activist groups The march was partly in response man that was blamed on a refugee
tiations and the consequences will be and individuals, has already staged to the rise of the anti-immigration degenerated into attacks on foreign-
entirely the responsibility of (Presi- demonstrations in the northern city Alternative for Germany (AfD) party. ers.
dent Filipe Nyusi) and the Frelimo of Hamburg and Munich in the south, Building on the backlash to Chan- Early in October, German police
Party,” he said. that attracted thousands. cellor Angela Merkel’s decision to arrested six men on suspicion of hav-
Partial results from a third of They are supported by trades admit more than a million refugees in ing taken part in the attacks, describ-
Mozambique’s 53 municipalities, unions, religious organisations and 2015 and 2016, it won its first parlia- ing them as members of a far-right
released Thursday, gave Frelimo a some charities. Foreign Minister mentary seats in elections last year. “terrorist” group.
clear lead, although Renamo claims
to have won in dozens of areas, in- Indonesia A monitor said Saturday
cluding in Matulo, the country’s most
heavily-populated city. At least 22 dead in Indone- Hundreds taken by IS from displacement camp in east Syria
Frelimo, which has ruled Mozam- Hundreds of people were taken by Since Wednesday, 37 SDF fighters
bique since its independence from sia floods and landslides Islamic State group fighters from a have been killed in jihadist counter-
Portugal in 1975, currently controls At least 22 people have died and many displacement camp in east Syria dur- attacks, the Observatory said. IS has
49 of the country’s 53 municipalities. are missing after heavy rain unleashed ing a jihadist counterattack against lost 58 fighters, most of them in retal-
Wednesday’s vote was the first flash floods and landslides in western advancing US-backed forces, a moni- iatory coalition air strikes, it added.
time Renamo has contested a local Indonesia, an official said Saturday. tor said Saturday. “IS is pressing its attacks in the Ha-
election in 10 years, with the party Heavy downpours since Wednesday The jihadists raided the camp on jin area as the SDF battles to hold them
hoping to make a breakthrough ahead triggered flooding and landslides that Friday, taking “more than 100 fami- off with the support of the international
of next year’s general elections. hit several districts on Sumatra island. lies” including relatives of IS defec- coalition,” Observatory chief Rami Ab-
In the mid-1970s, Renamo fought At least 17 people were confirmed tors and of jihadists killed in fighting, del Rahman told AFP. But a prolonged
a brutal 16-year civil war against the killed in the last three days in North according to the Syrian Observatory sandstorm has made it difficult for the
Frelimo government that left one mil- Sumatra province, while five others for Human Rights. coalition to carry out air strikes.
lion people dead before the fighting were killed in West Sumatra, authori- A number of fighters of the Kurd- IS published statements on its social
stopped in 1992. ties said. ish-led Syrian Democratic Forces media accounts describing a number of
Fresh violence erupted in 2013 “Eleven students of an Islamic (SDF) died trying to defend the camp attacks by “soldiers of the caliphate”
between Renamo rebels and govern- boarding school in Muara Saladi vil- in a battle that lasted several hours, the against SDF forces in the Hajin area.
ment troops, raising fears of a return lage, Mandailing Natal district, North Britain-based monitoring group said. The battle for Hajin has claimed the
to civil war, but the party declared a Sumatra died Friday afternoon during The US-backed SDF launched a ma- lives of 176 SDF fighters and 325 IS
truce in 2016 and opened fresh peace class as they were struck by a build- jor assault on September 10 on the small jihadists since its launch last month,
talks. ing which was destroyed by the flash stretch of the Euphrates Valley around according to Observatory figures.
Nyusi and Renamo’s Momade floods,” spokesman for the national the town of Hajin where they estimate The SDF, backed by the coali-
had recently made progress on a key disaster agency Sutopo Purwo Nu- some 3,000 jihadists are holed up. tion, has ousted IS from swathes of
sticking point in the peace talks -- the groho said. But they have sustained heavy ca- northern and eastern Syria, including
disarmament and integration of for- Dozens of houses have also been sualties in the operation being con- Raqa, the de facto capital of the jihad-
mer Renamo rebels into the police destroyed. ducted with US-led air support. ists’ so-called caliphate.
and army. “The disaster and search and res-
But Momade accused Nyusi of cue agency have gone to the districts
“silent complicity” over the in- but have been hampered by the land-
timidation and attacks on Renamo slides in several areas,” the head of
supporters during the election cam- North Sumatra disaster agency Riadil
paign, alleging his party was looking Lubis told AFP.
to push Renamo “into a new cycle of Landslides and flooding are com-
conflict”. mon in Indonesia, a vast tropical ar-
As well as internal political ten- chipelago prone to natural disasters
sions, this southern African nation has and torrential downpours.
also been struggling with the emer- In February, 12 people died when
gence of an Islamist insurgency in an avalanche of mud and rock cas-
the northern coastal region which has caded down a steep slope in central
killed scores of civilians and police. Java, Indonesia’s main island.

Page 3 Sunday October 14, 2018
Set a new record in New York on Saturday Wall Street Indexes
Scotch tipped to break booze record at $1mn plus Dow Jones 25339.99 + 1.15%
+ 2.29%
S&P 2767.13 + 1.42%
International Stock Indexes
The label references key events in Australia 5895.671 + 0.2%
1926 such as the attempted assassi- Frankfurt 11523.81 - 0.13%
nation of Italian Fascist ruler Benito Italy 19255.98 - 0.52%
Mussolini and the death of Holly- London 6995.91 - 0.16%
wood actor Rudolph Valentino. Madrid
Sotheby’s estimates the value of Paris 5095.98 - 0.2%
the bottle at between $700,000 and Tokyo 22694.66 + 0.46%
$1.2 million, with three other Macal- Toronto 15414.29 + 0.63%
lan 1926 bottles sold at auction in the Latin-American Stock Indexes
last six months for just over a million Bogota 1462.71 + 0.19%
dollars each. Buenos Aires 29598.18 + 7.19%
“The reason it is so special is be- Lima 19231.14 - 0.01%
cause it combines rarity and quality,” Mexico 47444.05 - 0.24%
says Jamie Ritchie, worldwide head Panama 460.6 - 0.57%
of Sotheby’s Wine. Santiago 5144.98 - 0.46%
By comparison, the auction record Sao Paulo 82921.08 - 0.91%
for a standard sized bottle of wine is Venezuela 367050.2 + 5.5%
$223,000, paid for a 1869 Chateau Most Active Stocks
Lafite-Rothschild in Hong Kong in 2010. 3D Systems Corp 17.33 + 4.97%
The same year, a six-liter bottle of 3M Co 198.23 + 0.76%
Cheval Blanc 1947 fetched $304,000
The Macallan 1926, a 60-year-old whisky, with a label by artist Sir Peter Blake (AFP) at auction in Geneva. Alcoa 35.67 + 0%
A bottle of Scotch dating back to The Macallan, in Craigellachie, The recent flurry of headline grab- Amex 103 + 1.4%
+ 1.57%
1926 is tipped to set a new record in northern Scotland only ever produced bing whisky actions are benefiting B. of America 28.46 + 0.35%
New York on Saturday for most ex- 40 bottles from the 1926 vintage that from a drink increasingly popular Boeing 360.11 + 0.56%
pensive bottle of alcohol sold at auc- had matured for 60 years. around the world and valued increas- Caterpillar 142.07 + 0.78%
tion, valued at up to $1.2 million by Twelve of them -- Saturday’s lot ingly highly by the super rich in Asia. Chevron 117.77 - 0.56%
Sotheby’s. included -- were given a label by The Macallan is “very, very con- Cisco Systems 45.71 + 3.6%
The whisky aged 60 years in a cas- English pop artist Peter Blake, best centrated, rich, viscous spirit which Coca Cola 44.68 + 0.09%
ket at Scottish distillery The Macal- known for co-designing the cover of has a great capacity to age and to Exxon Mobil 81.38 - 0.27%
lan before being bottled in 1986, its 1967 Beatles album “Sgt. Pepper’s give complexity in the whisky,” says General Electric 12.32 - 3.14%
maturing process complete. Lonely Hearts Club Band”. Ritchie. H.P. 23.67 + 2.87%
Home Depot 192.47 + 1.44%
In a move meant to stem a two-year decline IBM 140.85 + 1.32%
GE pushes back Q3 earnings release to October 30 Intel 44.88 + 1.47%
+ 0.02%
Johnson & Johnson 133.87
General Electric, the once-mighty con- “The company will discuss the re- chief executive of the industrial and JPMorgan 106.95 - 1.09%
glomerate which weeks ago announced sults for the third quarter ending Sep- healthcare conglomerate Danaher, Kraft Heinz Co 54.24 + 0.78%
a new chief executive in a move meant tember 30, 2018. Culp will share his where GE said he presided over a McDonalds 163.82 + 0.52%
to stem a two-year decline, has said it initial observations, with more detail quintupling of market capitalization. Merck & Co 69.81 + 2.11%
will move the date of its third-quarter expected in early 2019.” Culp was named to the GE board Microsoft 109.57 + 3.46%
earnings release to October 30. H. Lawrence “Larry” Culp, 55, is earlier this year. Pfizer 43.78 + 2.27%
The company postponed the re- GE’s third CEO in 14 months follow- GE’s other bombshell was that it Procter & Gamble 79.06 + 0.24%
lease by a week “to allow GE Chair- ing the ouster of John Flannery. planned to write down effectively Travelers Cos 123.65 - 0.53%
man and CEO Larry Culp to com- In announcing Culp’s rise, the up to $23 billion in value from its United Tech. 129.63 + 0.2%
plete initial business reviews and site company, which was bumped from troubled power business, the prime Verizon 53.73 + 0.75%
visits following his appointment on the prestigious Dow Jones Industrial catalyst of its nosedive in stock mar- Wal-Mart 94.81 + 0.95%
October 1,” it said in a statement. Average in June, cited his history as ket valuation. Walt Disney 112.61 + 1.31%
To dampen the impact of sanctions ‘Not looking too good’
Iran official calls for ‘lobbying anti-Trump movements’ Trump pessimistic about Khashoggi’s fate
One of Iran’s top foreign policy offi- President Donald Trump calls a “bet- US President Donald Trump is pes- Mohammed bin Salman, has been
cials has called for negotiations with ter deal”. simistic about the fate of missing missing since entering the country’s
“anti-Trump movements” in the US The US is due to complete the re- Saudi journalist Jamal Khashoggi, consulate in Istanbul on October 2.
to dampen the impact of sanctions, imposition of sanctions on November saying Saturday that it is “not look- Turkish officials have said they
local media reported Saturday. 5, targeting Iran’s oil sector and cen- ing too good” and he may have been believe Khashoggi was killed inside
“America is not Trump,” said Hes- tral bank. killed. the consulate and lurid claims have
hmatollah Falahat-Pisheh, a conserva- Supreme leader Ayatollah Ali Khashoggi, a Washington Post been leaked to media that he was
tive lawmaker who heads parliament’s Khamenei has dismissed Trump’s of- contributor and US permanent resi- tortured and even dismembered, but
influential national security and for- fers to talk as “a dangerous game”. dent whose writings have been criti- Saudi Arabia insists he left the build-
eign policy commission, according to But Mehdi Motaharnia, a Tehran- cal of powerful Saudi Crown Prince ing safely.
reformist newspaper Arman. based political analyst, described
“There is a new diplomatic atmo- Falahat-Pisheh’s proposal as “very
sphere for deescalation with America meaningful” since it signifies a po- Foreign Exchange
and it is fitting that Iran follows ne- tential shift in conservatives’ stance
gotiation diplomacy and lobbying on talking with the US. EURO USA CAN UK AUS SWISS H.KONG JAP
anti-Trump movements in America,” “This comes from a conservative EURO - 1.16 1.52 .88 1.61 1.15 9.10 130.00
he added. whose party members called (Foreign USA .86 - 1.30 .76 1.41 .99 7.81 112.36
He said this would help alleviate Minister Mohammad) Javad Zarif a CAN .66 .77 - .58 1.08 .75 6.00 86.00
pressure caused by Washington’s traitor for negotiating with the US,” Mo- UK 1.14 1.32 1.72 - 1.85 1.32 10.40 148.00
“extensive sanction-focused force”. taharnia told reformist daily Hamdeli. AUS .62 .71 .93 .54 - .70 5.60 80.00
The US pulled out of the 2015 Iran “But now we do not see such reac- SWISS .87 1.01 1.33 .76 1.43 - 7.90 113.00
nuclear deal in May and reimposed tions when the head of national secu- H.KONG .11 .13 .17 .10 .18 .13 - 14.30
punishing sanctions on the country, rity and foreign policy commission JAP .01 .01 .01 .01 .01 .01 .07 -
hoping to pressure Tehran into what proposes talks,” he added.

Page 4 Sunday October 14, 2018
US Treasury secretary Offering funding in areas where it is sorely needed Last year
Economy strong, stock China’s Belt and Road tempts states, but comes with risks Air Canada’s near miss was al-
“Most of the countries borrow-
drop a ‘natural correction’ China’s massive “Belt and Road ing from China in this BRI are in a most ‘worst accident in history’
Initiative” building push may create
Treasury Secretary Steven Mnuchin debt risks but is also responding to pretty sound fiscal condition and are A near miss involving an Air Canada
said Friday the US economy re- major infrastructure gaps in Asia and not in great risk of debt distress,” said plane which almost landed on a crowd-
mained strong and this week’s de- could boost global trade, World Bank David Dollar, senior fellow at the ed taxiway instead of a runway at San
cline in the stock market was “just a officials say. Brookings Institution and a former Francisco airport last year could have
natural correction.” The relatively upbeat assessment World Bank official. been the “worst aviation accident in
After two days of sharp drops in of a sometimes controversial pro- But for a small number of coun- history,” according to an official report.
US and global stock markets over gramme comes despite the debt crisis tries, there are “serious concerns,” he The Air Canada Airbus A320 car-
fears of rising interest rates and the now faced by Pakistan, a recipient of acknowledged. rying 140 people was cleared to land
US trade conflicts, Mnuchin said in massive Chinese loans. Among them is Pakistan, which on Runway 28-Right at San Fran-
an interview on CNBC that markets China launched the ambitious plan relied heavily on BRI funding for a cisco International Airport shortly be-
tended to go “too far in both direc- in 2013 under President Xi Jinping, $54-billion project linking its Gwa- fore midnight on July 7, 2017 -- but
tions” and then would have to correct. seeking to link Asia, Europe and Afri- dar port to China. the pilot inadvertently lined up for
But he said it was a “good thing” ca with a network of ports, highways It now faces a balance-of-payments Taxiway C, where four planes were
that Wall Street was poised to recover and railways. crisis and sent its finance minister to waiting to take off.
on Friday. He was speaking on the It has dispersed tens of billions of Bali this week seeking an IMF bailout. “Only a few feet of separation pre-
sidelines of the International Mon- dollars in loans, often to highly in- Rising US interest rates are likely vented this from possibly becoming
etary Fund annual meeting in Bali, debted countries, sparking criticism to make the situation worse for many the worst aviation accident in his-
Indonesia. of Beijing for everything from “debt countries, because BRI loans are tory,” said Bruce Landsberg, vice
After an unusually volatile day in entrapment” to excluding local labour mostly denominated in US dollars. chairman of the National Transporta-
which stocks dipped in and out of the from projects funded by the plan. ‘Market forces’ tion Safety Board while announcing
red, Wall Street’s main indices closed But, meeting in Bali this week, of- Loan recipients who fail to meet the agency’s report issued Friday.
up solidly for the day but, with earlier ficials from the World Bank and In- their obligations can face serious “The incident airplane descended to
losses, were all still down about four ternational Monetary Fund said the consequences, with Sri Lanka forced an altitude of 100 ft (30 meters) above
percent for the week. BRI filled important gaps, while ac- to cede control of a deepwater port fi- ground level and overflew the first air-
Investors also were watching the knowledging concerns. nanced by the BRI to Beijing. plane on the taxiway,” the report said.
start of corporate earnings season, “There are huge opportunities: In August, Malaysia acted preemp- “The incident flight crew initiated a
with major banks posting positive improved infrastructure means more tively, shelving three China-backed go-around, and the airplane reached a
quarterly results on Friday morning. trade, more investments, higher projects, including a $20-billion rail- minimum altitude of about 60 ft and
Analysts said third-quarter earn- growth, bringing in landlocked re- way line, that it said it could no lon- overflew the second airplane on the
ings could reveal the extent to which gions,” said Caroline Freund, the ger afford. taxiway before starting to climb,” it
US President Donald Trump’s trade Bank’s director of trade, regional in- “We fully respect Malaysia’s deci- added, noting none of the five flight
conflicts might have dented profits. tegration and investment climate. sion-making, based on their sustain- crewmembers or 135 passengers aboard
Mnuchin also downplayed con- “But there are challenges as well... ability situation,” Chinese Finance the Air Canada plane were injured.
cerns about Trump’s repeated and There are environmental and social vice-minister Zou Jiayi told a panel The report said the flight crew’s
aggressive attacks on the US Federal risks, there are issues to do with pub- at the Bali meeting. misidentification of the taxiway as the
Reserve this week, saying Trump “re- lic procurement, and sustaining public “The Chinese government attaches intended runway “resulted from the
spects the independence of the Fed.” debt becomes an issue because these great importance to the sustainability, crewmembers’ lack of awareness of
Powell doing a ‘great job’ projects are expensive,” she added. we are the creditor,” she added. the parallel runway closure due to their
Trump has by turns called the The World Bank estimates that BRI- But, she emphasised, the initiative ineffective review of notice to airmen
Fed “crazy” and “loco” and said it funded infrastructure could boost trade is not an aid programme. (NOTAM) information before the flight
was being “too aggressive in rais- among countries involved by 3.6 per- “It’s not like the Marshall plan, it’s and during the approach briefing.”
ing rates,” blaming the institution cent, and global trade some 2.4 percent. a development initiative based on the Other contributing factors were
for the market declines that saw the And officials say it is offering fund- market mechanisms, and driven by “the flight crew’s failure to tune the
benchmark Dow Jones Industrial ing in areas where it is sorely needed. market forces,” she said. instrument landing system frequency
Average lose nearly 1,400 points in Debt fears Beijing’s commitment to market forc- for backup lateral guidance, expec-
two days. “Several countries, especially in es has been questioned by some how- tation bias, fatigue due to circadian
“The president’s been clear. He Central Asia and Caucasus have ben- ever, with most projects financed with disruption and length of continued
likes low interest rates. I think that’s efitted... in order to improve their BRI money awarded to Chinese com- wakefulness, and breakdowns in
really what it was about,” Mnuchin infrastructure as well as also to pro- panies and built with Chinese labour. crew resource management.”
said, adding that Fed chairman Je- mote additional interregional trade,” A French treasury report released An audio recording of the radio ex-
rome Powell was “doing a great job.” said Jihad Azour, the IMF’s director this week praised the BRI for con- changes between air traffic control and
“I think the fundamentals are still of the Middle East and Central Asia tributing to areas with serious infra- the pilot of Air Canada flight 759 was
very strong. The US economy is department. structure shortfalls, but noted just 3.4 posted online shortly after the incident.
strong, US earnings are strong. So I “Central Asia will benefit from any percent of projects financed by China Just moments after receiving permis-
see this as just a natural correction af- additional investment that will lead to were awarded to foreign companies. sion to land on the designated runway,
ter the markets were up a lot.” greater integration.” And in Pakistan, it said, 91 percent the Air Canada pilot returned to the ra-
Powell in the past has brushed off He called however for “careful” of the revenue generated by the Gwa- dio sensing that something was amiss.
Trump’s taunts, saying political in- spending, urged “transparent” pro- dar port project over the next 40 years “Uh, Tower, I just want to con-
dependence was in central bankers’ curement processes, and warned that will benefit China. firm -- this is Air Canada 759 -- we
“DNA.” countries should maintain “their debt Zou said the overwhelming reli- see some lights on the runway there,
Despite Trump’s attacks on the sustainability”. ance on Chinese labour was simply across the runway, can you confirm
central bank, economists say that, In the last five years, China’s direct “cost-effective,” but acknowledged we’re clear to land?”
with unemployment at its lowest investment under BRI has surpassed Beijing could encourage Chinese The tower responded: “Air Canada 759
level in 48 years and monthly job $60 billion, leaving several recipients companies to “take more advantage confirmed clear to land Runway 28-Right.
creation holding steady, the Fed is vulnerable. of the local labour.” There is no one on 28-Right but you.”
likely to stick to its current course of The Centre for Global Develop- The programme has also been criti- An unidentified man’s voice then
rate hikes, with a fourth increase ex- ment, a think-tank, says BRI invest- cised for funding politically-driven broke in -- presumably a pilot in one
pected in December, and three or four ments have “significantly” increased “white elephants” that are structur- of the aircraft waiting to take off.
in 2019. the risk of debt crises in eight coun- ally unsound or largely useless. “Where’s this guy going? He’s on the
Some Fed policymakers who in tries: Mongolia, Laos, Maldives, Speaking in Beijing earlier this taxiway,” he said.
January will take a turn as voting Montenegro, Pakistan, Djibouti, Ta- year, IMF Chief Christine Lagarde Air traffic control immediately told
members of the rate-setting Federal jikistan and Kyrgyzstan. praised the “early indications of prog- the Air Canada pilot not to land.
Open Market Committee have begun But Freund said they were the excep- ress” under the initiative, but also The pilot of a United Airlines plane
to send more hawkish signals, put- tion, and Chinese loans remained a rela- warned of the need to ensure “that on the ground told the tower mean-
ting them increasingly at odds with tively small part of the total debt burdens Belt and Road only travels where it while that “Air Canada flew directly
Trump. of most countries involved in the BRI. is needed.” over us.”

Page 5 Sunday October 14, 2018
Another setback for a USA Gymnastics federation desperately seeking stability NBA
Biles calls out new USA Gymnastics president over Nike tweet Knicks waive Noah to make
French center’s departure
Olympic champion Simone Biles ap- of the sexual abuse scandal involving The New York Knicks waived center
peared less than impressed on Satur- former team doctor Larry Nassar. Joakim Noah on Saturday, making his
day with the appointment of former More than 200 women, includ- expected departure official two sea-
US congresswoman Mary Bono as ing Biles and other Olympians, have sons after signing the French center
the latest interim president of embat- come forward over the past two years to a four-year, $72 million contract.
tled USA Gymnastics. saying they were sexually abused by Noah, signed in July of 2016,
Biles took to Twitter to take issue Nassar under the guise of treatment. played just 53 games for the Kicks,
with a tweet Bono posted last month USA Gymnastics announced Bo- including seven last season.
that was critical of apparel maker no’s appointment on Friday, saying The 33-year-old hadn’t been with
Nike after the company’s ad cam- she would serve as interim president the team since January 25, the day af-
paign featuring Colin Kaepernick. and chief executive until a permanent ter he and head coach Jeff Hornaceck
Bono posted a photo of herself replacement for Kerry Perry is found. engaged in a heated exchange during
blacking out a Nike logo on a golf Perry resigned last month under a practice in Denver.
shoe. pressure from the US Olympic Com- That was a low point in Noah’s
“Playing in a charity golf tourna- mittee after nine months in the job. tenure in New York that also featured
ment raising money for our nation’s Her departure came after the ap- injuries, sub-par play and a 20-game
Special Forces operators and their pointment and resignation of elite doping suspension handed down by
families. Unfortunately had these coach Mary Lee Tracy -- who had the NBA in March of 2017.
shoes in my bag. Luckily I had a made comments supportive of Nas- US media reported the Knicks
marker in my bag too....” wrote sar in 2016 when allegations of abuse would use the “stretch provision” of
Bono, who also re-tweeted a response against him had begun to emerge. the NBA collective bargaining agree-
that said “#BoycottNike.” (FILES) Simone Biles (Photo AFP) Biles, the reigning Olympic all- ment to spread payment of the re-
In response, the Nike-sponsored embrace Kaepernick, the former San around champion and winner of four maining $37.8 million (31.4 million
Biles tweeted on Saturday: “*mouth Francisco 49ers quarterback who trig- golds at the 2016 Rio Games, will euros) owed to Noah, thus improving
drop* ... don’t worry, it’s not like gered a political firestorm after kneel- lead the US team for the Gymnastics their salary cap situation at the end of
we needed a smarter usa gymnastics ing during the US national anthem in World Championships in Doha Octo- the upcoming campaign when they’ll
president, or any sponsors or any- 2016 to protest racial injustice. ber 25-November 3. be seeking to attract a top free agent.
thing.” The tension is another setback for The team was named on Friday at Noah, the 2013-14 NBA Defensive
Critics of Nike were angered in Sep- a USA Gymnastics federation des- the conclusion of a selection camp in Player of the year, will become an
tember by the company’s decision to perately seeking stability in the wake Florida. unrestricted free agent after clearing
waivers next week.
Died “unexpectedly” at a hospital in Baton Rouge He averaged 4.6 points and 7.9 re-
Packers Hall of Fame fullback Taylor dies at 83 bounds with New York and even after
the arrival of new coach David Fiz-
Pro Football Hall of Fame fullback One of the best runners of his era, he Taylor was a ferocious runner, de- dale in May the team apparently had
Jim Taylor, who starred on the Green later was beloved by multiple genera- scribed by the Packers team historian no interest in bringing Noah back.
Bay Packers teams of legendary tions of Packers fans. as playing “like a man possessed, a
coach Vince Lombardi, died Saturday “He returned many times to Lam- throwback to the days when foot- MLS
at the age of 83, the NFL team said. beau Field with his fellow alumni. ball more closely resembled trench
“The Green Bay Packers family Jim always looked like he could still warfare and the sole mission of each Canouse goal lifts D.C. Unit-
was saddened to learn of Jim Taylor’s play. Our deepest condolences go out player was to seemingly dish out
passing this morning,” said Packers to his wife, Helen, and their family more punishment than he took.” ed to win, playoff position
President Mark Murphy in a state- and friends.” Taylor surpassed 1,000 yards rushing Russell Canouse’s 86th-minute head-
ment posted on the team’s website. The Packers said Taylor died “un- five straight seasons from 1960 to 1964, er lifted D.C. United to a 1-0 victory
“He was a gritty, classic player on expectedly” at a hospital in Baton including a league-high 1,474 yards over FC Dallas Saturday and into
the Lombardi teams and a key figure Rouge, Louisiana, but cause of death when the Packers went 13-1 en route to MLS Cup playoff position with three
of those great championship runs. was not immediately given. winning the 1962 NFL championship. matches remaining.
D.C. United stretched their un-
Major League Baseball playoff series beaten streak to seven matches and
moved a point ahead of Montreal into
Dodgers level series with Brewers on Turner homer sixth place in the Eastern Conference
Justin Turner’s two-run homer in the League Championship Series with re- standings. They have a game in hand
eighth inning lifted the Los Angeles newed confidence. over the Impact.
Dodgers to a 4-3 victory over the The winners of the series will Dallas remained atop the tight
Milwaukee Brewers Saturday that take on either the reigning cham- Western Conference despite seeing
knotted their Major League Baseball pion Houston Astros or the Boston their six game unbeaten run end.
playoff series at one game each. Red Sox in the World Series. Boston Dallas lead second-place Los Ange-
Turner’s blast off Brewers relief hosted the Astros in game one of the les FC by one point, and both teams
pitcher Jeremy Jeffress gave the American League Championship Se- will play third-placed Sporting Kansas
Dodgers the lead for the first time in ries later on Saturday. City over their final two games.
the game at Miller Park in Milwau- After hanging on for a 6-5 victory Wayne Rooney, the former Eng-
kee. over the Dodgers on Friday, Milwau- land captain whose arrival in July has
Turner rebounded from an 0-for-5 kee seized a 3-0 lead in game two sparked D.C.’s late-season surge, had
showing in game one on Friday that with the help of home runs from Or- perhaps the best of the team’s chanc-
included four strikeouts, producing lando Arcia and Travis Shaw. es prior to Canouse’s goal.
his first home run of this post-season. The Dodgers loaded the bases with But his shot in the opening minutes
Once Los Angeles were ahead, re- none out in the seventh inning and went wide, and his curling, long-
lief pitchers Pedro Baez, Caleb Fer- gained two runs with a base hit by range free kick just over an hour in
guson, Kenta Maeda and Kenley Jan- Cody Bellinger and a walk to catcher was saved by diving Dallas goalkeep-
sen combined to get the last six outs Austin Barnes. er Jesse Gonzalez.
and preserve the win. Although they left three on base in Rooney’s free kick from the side-
Jansen pitched the ninth for his Justin Turner of the Dodgers (Photo AFP) the seventh, the Dodgers would take line in the 86th led to a shot by Ca-
second save of the playoffs, retiring end the game with a runner on second the lead in the next when Chris Taylor nouse that bounced off the crossbar.
Milwaukee’s National League Most base. The Dodgers now head home to reached first base on a single and Turn- The midfielder got a second chance
Valuable Player candidate Christian Los Angeles to host games three, four er seized upon a split-fingered fastball and his header made it over the line
Yelich on a broken bat ground out to and five of the best-of-seven National from Jeffress, sending it 388 feet. for his first Major League Soccer goal.

Page 6 Sunday October 14, 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
6 2 8 5 1 4

4 5 9 3 4 8

7 9 4 3 6 2 2 9 3

8 2 6 5 5 9 2 8
1 2 3 4 5 6 7
5 8 3 9 6 8 9 5 10 4 9
11 12
1 4 2 8 7 14 8 6 15 16 2 17
18 19 20
4 3 1 9 7 2 21 22 9 1 23 8
24 25 26 27 28
7 8 6 4 29 7 30 31 32 2
33 34 35
9 7 4 6 7 36 37 6

1 2 3 4 5 6 7
1 Picnic pest 1 American Civil Liberties Union
3 Blabber (abbr.)
8 9 10 8 Cubic centimeter 2 Raleigh locale
9 Turned over 3 Schoolteacher
11 12 11 Posttraumatic stress disorder 4 Registered nurse
12 __ Lanka 5 Spots
13 Flying saucer 6 Part of a semester
13 14 15 16 17
15 Ingest 7 Teach
17 Medium frequency 9 Salt Lake City locale
18 19 20 18 Sanctuaries 10 Anonym
22 Material girl 11 Verse
21 22 23 24 Loudness unit (abbr.) 14 France (abbr.)
26 Cat's nemesis 16 X
27 Shoshonean 19 Craze
24 25 26 27 28
29 North American country 20 Ignore
31 Asleep 21 Finish milkshake
29 30 31 32 33 Conveyed by series of people 23 By
35 Roman 51 25 Consumer
33 34 35 36 Rainbow maker 28 Native ruler in Africa
37 Impair 30 Boxer Muhammad
32 Mendelevium (abbr.)
36 37
34 Like
35 Scale note after so
Fold Fold
ACROSS 4 9 3 2 5 6 8 7 1 DOWN 6 8 7 1 3 9 M L I N U M B R E L A Y E D U S A (52)8183105037
[email protected]
1 Picnic pest 9 1 6 3 2 8 7 4 5 1 American Civil Liberties Union M A D O N N A S [email protected]
Information Source:
3 Blabber 3 5 7 1 4 9 6 2 8 7 8 (abbr.) 9 4 5 1 3 M F E A T U F O Agence France-Presse (AFP)
Printed and distributed locally in each hotel.
All rights reserved.
8 Cubic centimeter 6 3 9 5 7 1 2 8 4 2 Raleigh locale 4 7 U P E N D E D C C Reproduction in whole or in part by any printed
or electronic without permission of the publisher.
9 Turned over 7 4 5 8 9 2 1 6 3 3 Schoolteacher 1 P R A T E A N T Solution:
11 Posttraumatic stress disorder 4 Registered nurse
12 __ Lanka 5 Spots
13 Flying saucer 6 Part of a semester
15 Ingest 7 Teach
17 Medium frequency 9 Salt Lake City locale
18 Sanctuaries 10 Anonym
22 Material girl 11 Verse
24 Loudness unit (abbr.) 14 France (abbr.)
26 Cat's nemesis 16 X
27 Shoshonean 19 Craze
29 North American country 20 Ignore
31 Asleep 21 Finish milkshake
33 Conveyed by series of people 23 By
35 Roman 51 25 Consumer
36 Rainbow maker 28 Native ruler in Africa
37 Impair 30 Boxer Muhammad
32 Mendelevium (abbr.)
34 Like
35 Scale note after so


SPA RESERVATIONS EXTENSION 5600 Open Daily 7:00 am – 7:00 pm

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 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 traditional decor of
Hacienda, and the vibrant colors and textures of Cabo San Lucas, the Spa offers a peaceful haven for physical, mental, and emotional

Aloe Cooling Wrap

This wonderfully soothing and cooling treatment is a welcome relief for sun
exposure or the de
sert heat. Aloe Vera is well known for its healing and restorative
effects, great for dehydrated or sunburned skins. The treatment includes a soothing
mask and treatment with cool marble stones to help reduce any inflammation, and

simply please all the senses.

50 Min $100 USD + TAX

Hacienda Spa Café

Our Spa Cafe is open daily and serves a selection of healthy snacks, cold pressed juices,
freshly made smoothies and coffees. Stop by and order á la carte or let us create your
favorite smoothie or juice for you.
We also offer a relaxing sitting area including free Wi-Fi service and are located just right
next to the Hacienda SPA and the Gym.

Adjacent to the Spa Café you can practice and improve your golf game on the putting
green. Putters and golf balls are available at the Spa Café.

Open Daily 7:00 am – 3:00 pm

Hacienda Spa Boutique

Luxurious beach clothing , sunglasses, jewelry, hats and bags, sunscreen, sundries,
aromatherapy products and gifts are available at our exclusive boutique.
Check our Onda de Mar Clothing line reduced prices !!

HACIENDA SPA Rejuvenate your Body,
Daily 7:00 am – 7:00 pm Replenish your Soul!


July 1 , – October 31 , 2018
Preferred Rates USD Cabo Real Campestre San José Puerto Los Cabos
Individual Rounds Public Public Public

18 Holes $180.00 $145.00 $140.00 $115.00 $210.00 $170.00
Twilight 12:30 pm $125.00 $100.00 $100.00 $80.00 $150.00 $120.00
Includes Food & Beverages
Rates per foursome $480.00 $420.00 $580.00
(*No time restriction) Includes Food & Beverages


$260.00 USD $345.00 USD $525.00 USD

• Rounds may be played at any of our three golf courses
• Each pass used at Puerto Los Cabos will incur a $20 USD surcharge due to all- inclusive food and beverage
• 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.

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