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Published by it, 2018-10-29 06:07:49

Octubre 29

Hacienda Digest










October 29th, 2018





















Mon Oct 29 Tue Oct 30 Wen Oct 31 Thur Nov 1 Fri Nov 02













Partly Cloudy Mostly Sunny Mostly Cloudy Partly Cloudy Sunny


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Important news for important people
www.dedicatedpress.com Volume 3349 Monday October 29, 2018
International Business Sports
Sometimes called a “Tropical Trump” As the US capital traded stifling sum- Novak Djokovic can complete a stun- Cabo San Lucas
for his politically incorrect vitriol, mer heat for cool autumn breezes, ning return to world number one at Partly cloudy (day)
Brazil’s controversial pro-dictator- signs began appearing at bus stops, the Paris Masters this week as Rafael Sunrise: 6:22 AM
ship presidential candidate, Jair Bol- asking Washington commuters: what Nadal hits the comeback trail for the Sunset: 5:44 PM
sonaro successfully played... P.2 do you think about buses... P.3 first time since limping out... P.5 Humidity: 69% 77-81 F

“I was standing under the wing of Air Force One doing a news conference early this morning” Cold War
Trump rises above the fray -- until he doesn’t Czech PM calls US threat to
drop nuclear treaty ‘bad news’
boro airport in Illinois, summed up ing he had decided to go ahead after Czech Prime Minister Andrej Babis
the president’s deeply ambivalent re- all with an evening rally despite the on Sunday expressed surprise at a US
sponse to a week that has shaken the shooting, he cracked a joke about his threat to withdraw from a Cold War-
country -- first with a spree of mail hair being the cause of his hesitation. era nuclear treaty with Russia, calling
bombs sent to leading Democrats by “I was standing under the wing the development “bad news”.
a Trump fan, then with a deadly anti- of Air Force One doing a news con- “For us it’s a completely new mat-
Semitic attack. ference early this morning,” he told ter and it’s definitely a bad news if
Striking a presidential tone, and the gathering. “And the wind was that is the case,” Babis told report-
jabbing at his opponents. Calling for blowing, and the rain. I said, maybe ers at a joint news conference with
unity, and lashing out. Teleprompter- I should cancel this arrangement be- US Defence Secretary Jim Mattis in
Trump and Twitter-Trump. cause I have a bad hair day.” Prague on Sunday.
Wednesday at the White House, as Before long, he was right back at An ex-communist state, the Czech
news broke of package after suspi- attacking his potential rivals for the Republic became a US NATO ally
cious package being addressed to his White House in 2020. when it joined the Western defence
political foes, Trump called for unity Taking aim at a favorite target -- alliance in 1999.
and delivered a resolute message: Elizabeth Warren, the Democratic “We are getting back somehow into
“Acts or threats of political violence senator who claims distant Native Cold War times,” Babis added, echo-
have no place in the United States.” American ancestry -- he delivered the ing concerns expressed by NATO
Two days later, the image of a uni- now well-worn punchline: “Turned chief Jens Stoltenberg that the move
fying president rising above the fray out that I had more Indian blood in could lead to a new arms race.
began to crack as he complained bit- me than she has.” President Donald Trump said Mon-
Donald Trump (Photo AFP) terly on Twitter that the mail bomb “We can’t resist,” he quipped, as day the United States was ready to
As he stepped off Air Force One spree was harming his Republican the crowd lapped it up. “Can we re- build up its nuclear arsenal after an-
headed to the latest of his raucous, Party’s “momentum” ahead of the sist?” But as he stood before a sea of nouncing it was abandoning a Cold
near-daily election rallies, Donald November midterms, and appeared to banners in Murphysboro, Illinois -- War-era nuclear treaty, as Russia
Trump vowed he would “absolutely” cast doubt on the seriousness of the urging him to “Finish the Wall” and warned the withdrawal could cripple
strike a different tone following the threat. In Indianapolis on Saturday, “Make America Safe Again” -- he global security.
bloodshed in Pittsburgh. addressing a group of young farm- was back in full swing, be it with a Trump sparked concern globally
Eleven members of the Pennsylva- ing students just as the first horrific slightly subdued tone. last weekend by saying he wanted to
nia city’s Jewish community had just details were starting to emerge from Clad in his trademark red necktie, jettison the three-decade-old Interme-
been killed during morning Sabbath Pittsburgh, Trump sought to rise to the 45th US president hit out hard at diate-Range Nuclear Forces Treaty
services, in the worst anti-Semitic at- the occasion once again. his critics on the right -- “foolish and (INF) signed former US president
tack in recent American history. “The hate-filled poison of anti- very stupid people” -- and egged on Ronald Reagan and Mikhail Gor-
But in the same breath, the presi- Semitism must be condemned and the crowd to boo Nancy Pelosi, con- bachev, the last Soviet leader.
dent also defended his usual tone confronted everywhere and any- gressional leader of the opposition Explaining his decision, Trump
-- always provocative, often outra- where it appears,” vowed the presi- Democrats. A few days ago, David told reporters in Washington that
geous, brutally aggressive at times dent, plainly moved by the tragedy, Axelrod, former advisor to Barack Russia had “not adhered to the spirit
-- as the only way to fight the media’s his posture solemn and statesmanlike. Obama, quoted Trump’s own words of that agreement or to the agreement
“lack of honesty” towards him. The And in a flash, he was back to cam- back at him: “In these times we have itself.” “Until people come to their
scene, Saturday at sunset at Murphys- paign mode. Minutes after announc- to unify, we have to come together.” senses, we will build it up,” he said,
referring to America’s nuclear stock-
“We’re a little more than 300 people, but as we walk we hope more compatriots will join us” pile. “This should have been done
years ago.” Russia has warned that
Hundreds of Salvadorans form new US-bound caravan abandoning the agreement would be
A group of around 300 migrants left but as we walk we hope more compa- Mexico, with its numbers swelling up a major blow to global security.
the El Salvador capital on foot on triots will join us,” Hernan Quinteros, to 7,000 according to UN estimates. Signed in 1987, the INF resolved
Sunday heading for the border with a 48-year-old retired army sergeant, US President Donald Trump has a crisis over Soviet nuclear-tipped
Guatemala in the hope of eventually told AFP. threatened to deploy the military to ballistic missiles targeting Western
realizing the “American dream” and The new caravan ignored warnings halt them at the border with Mexico. capitals.
reaching the United States. from El Salvador’s government on But while Quinteros, who took Trump’s announcement has raised
The group, made up mostly of Friday not to put their lives in danger. part in El Salvador’s 1980-92 civil global concerns, with the European
men, has been inspired by the much It’s more than two weeks since a war, said it was “painful” to leave Commission urging the United States
larger Honduran caravan already in caravan of Honduran migrants set his three children behind, he said and Russia to pursue talks to preserve
Mexico and striving to reach the US. off in search of a better life, pass- the United States is “the country of the treaty and China calling on Wash-
“We’re a little more than 300 people, ing through Guatemala and now into opportunities.” ington to “think twice.”

International
Page 2 Monday October 29, 2018
Police ID victims Bolsonaro promised that he would govern “with authority, but not authoritarianism
Synagogue shooter spoke ‘Tropical Trump’ Bolsonaro: Brazil’s new president
of ‘genocide’
The shooter in the attack on a Pitts- Sometimes called a “Tropical from campaign rallies and -- to Had-
burgh synagogue spoke of “genocide Trump” for his politically incorrect dad’s chagrin -- debates.
and his desire to kill Jewish people,” vitriol, Brazil’s controversial pro- Bolsonaro calls himself an admirer
authorities said Sunday, as they iden- dictatorship presidential candidate, of Donald Trump, and has similarly
tified the dead and worked to console Jair Bolsonaro successfully played to tapped a deep national malaise -- in
the living. an electorate disgusted with conven- Brazil’s case, one caused by crime, an
Federal officials said 46-year-old tional politics. ailing economy and the never-ending
Robert Bowers, who was arrested at And from January 1, he will be “Car Wash” corruption scandal that
the scene after a firefight with police, Brazil’s new president. has stoked fury at the political class.
faces 29 separate federal charges, sev- Bolsonaro, 63, has built an image “He talks about ‘politicians’ as
eral of them carrying the death pen- as a political outsider ready to rough if he weren’t part of that world. He
alty. He was scheduled to appear be- up the establishment -- no small feat wants to come across as a strong-
fore a federal magistrate on Monday. given that, unlike the US president, man, a hardliner, who will fight cor-
Civil rights groups called the he is a longtime politician. ruption,” said Michael Mohallem, a
bloody assault on the 150-year-old The seven-term congressman has law professor at the Getulio Vargas
Tree of Life synagogue, in a heavily few legislative initiatives to his re- Foundation. Bolsonaro sealed the
Jewish neighborhood, the deadliest cord but, crucially, has not been support of the business sector, as well
anti-Semitic attack in US history. caught up in the massive corruption as Brazil’s powerful “Beef, bullets
Saturday’s attack left many in the scandals that have made Brazilians and Bible” caucus -- comprising the
country’s Jewish community reeling, furious with the political class in re- farming lobby, security hardliners
feeling sick and vulnerable. And Jew- cent years. However, he has made en- and Evangelical Christians.
ish leaders expressed concern about emies with his denigrating comments Jair Bolsonaro (Photo AFP) He owes his business support
what they said was a spike in anti- on women, gays and blacks, while into their own hands, in a country fed mainly to his choice of top financial
Semitic acts in the past two years. fondly recalling Brazil’s brutal 1964- up with violent crime. adviser: respected liberal economist
In Squirrel Hill, the close-knit 85 military dictatorship, in which he In an ironic twist of fate, he was Paulo Guedes, a graduate of the Uni-
neighborhood and heart of Pitts- served as an army captain. himself stabbed in the stomach at a versity of Chicago.
burgh’s Jewish community where the “The dictatorship’s mistake,” he campaign rally in September, by an He earned the farming lobby’s
attack occurred, a hush descended. said two years ago, “was to torture attacker who said God had sent him backing with vows to put agriculture
“Heartbroken,” said Aylia Paulding, and not kill” leftist dissidents and to kill Bolsonaro. before the environment -- frighten-
37, her voice breaking as she summed suspected sympathizers. Despite spending three weeks in ing environmentalists, who warn he
up the grief-stricken mood. But Bolsonaro promised that he hospital, he didn’t let his injuries would be disastrous for the Amazon
Words of solidarity and consola- would govern “with authority, but not keep him off his beloved social media rainforest.
tion poured in from across the globe, authoritarianism.” accounts, where he kept up his viru- Evangelicals meanwhile like his
with Israeli Prime Minister Benjamin Running against leftist Fernando lent campaign. social conservatism -- although some
Netanyahu declaring himself “heart- Haddad in Sunday’s vote, Bolsonaro He survived the attack without frown at the fact that Bolsonaro, a
broken and appalled.” promised to relax gun-control laws long-term damage, but, citing doc- Catholic, has five children by three
The victims -- shot down in what so that “good people” can take justice tors’ orders, subsequently refrained women.
authorities said was a 20-minute
rampage after the gunman burst into “Western problem” Preliminary results showed on Monday.
the building during a baby-naming
ceremony -- ranged in age from 54 Catholic church split over Ex-French ambassador leads Georgia presidential vote
to 97, said Karl Williams, the county Ex-French diplomat Salome on Sunday, when the polls closed, the
medical examiner. They included two abuse scandal gravity Zurabishvili has taken the lead in commission added.
brothers and one married couple. Pope Francis has vowed to end cleri- Georgia’s presidential election, seen The presidential campaign saw the
Four police officers or SWAT team cal sexual abuse, but bishops from as a crucial test for the increasingly ruling party and the opposition cross
members were injured. Bowers him- Asia and Africa have shown a mixed unpopular ruling party, preliminary arms in what is a prelude to their de-
self has been hospitalized in fair con- response to a scandal some have results showed on Monday. cisive stand-off during parliamentary
dition with multiple gunshot wounds. termed a “Western problem”. With tallies from 24 percent of pre- polls scheduled for 2020.
President Donald Trump, speak- Church leaders from around the cincts counted, Zurabishvili -- sup- If elected, Vashadze has promised
ing at a campaign rally in Illinois world attended the closing mass Sun- ported by the ruling Georgian Dream to mount a campaign for snap parlia-
late Saturday, solemnly denounced day of a month-long meeting, or syn- party -- was ahead with 43.59 percent mentary polls.
the attack, saying, “The scourge of od, which many had hoped would take of the vote, compared with 34.83 Zurabishvili, a stylish 66-year-old
anti-Semitism cannot be ignored, the global struggle against paedophile percent for opposition leader Grigol independent MP, is the daughter of
cannot be tolerated and cannot be al- priests up a notch. As the talks began, Vashadze, the central election com- refugees who fled Georgia in 1921
lowed to continue.” Earlier, however, Francis warned again that abuse and mission said. for Paris after the country’s annexa-
he said one answer to such apparent cover ups would not be tolerated. A candidate needs to win 50 per- tion by the Red Army. Her career in
hate crimes was to provide guards at But as US Cardinal Blase Joseph cent plus one vote to be elected in the France’s foreign service culminated
places of worship, not to tighten the Cupich told the press, priestly sexual first round and the vote is likely to go in a posting to Tbilisi.
country’s loose gun laws. abuse was “not on the front burner of to a run-off to be held by December Then president Mikheil Saakash-
But the mayor of Pittsburgh had a all countries”. “The resistance of some 1, the commission said. vili appointed her foreign minister --
different approach, calling on Sunday bishops” to discuss a crisis which has Voter turnout was nearly 47 per- with the approval of France’s presi-
for guns to be taken away from poten- hit countries from Germany to Amer- cent at 2000 local time (1600 GMT) dent at the time Jacques Chirac.
tial hate criminals. Scott Brady, US ica and Chile limited talk time at the
attorney for Pennsylvania’s Western synod, US Archbishop of Philadel-
District, said the suspect was heavily phia Charles Chaput told the Catholic
armed, carrying an AR-15 assault ri- News Service agency. Eamon Martin,
fle and three .357-caliber Glock hand- the President of the Irish Episcopal
guns, all of which he used. Brady said Conference, said some churches were
shells were found strewn through the “in denial” and had not given the an-
grisly crime scene, but he could not ti-paedophilia campaign “its proper
estimate the number of shots fired. place”. He said hopes now lay in an
“We will spare no effort or re- exceptional meeting convened in late
source in ensuring that the defendant February by the pope at which the
is held fully accountable for his un- heads of bishop conferences from
speakable and hateful crimes,” Brady around the world are to discuss the
told reporters. protection of minors.

Business
Page 3 Monday October 29, 2018
“Folks don’t really know how to manage money” Wall Street Indexes
Washington embraces cash-free living -- but at what cost? Dow Jones 24688.31 - 1.19%
- 2.07%
7167.212
Nasdaq
S&P 2658.69 - 1.73%
International Stock Indexes
As the US capital traded stifling sum- of your employees,” he explained. all play a role, explains Taylor, who Australia 5665.159 + 0.02%
mer heat for cool autumn breezes, There is no federal law forcing busi- manages Bank on DC, a program Frankfurt 11200.62 - 0.94%
signs began appearing at bus stops, nesses to accept cash. Some states connecting financial institutions and Italy 18683.27 - 0.7%
asking Washington commuters: what such as Massachusetts have statutes underserved communities. London 6939.56 - 0.92%
do you think about buses going cash- on the books, but they do not appear Ferguson says a cash-free Wash- Madrid 8730.4 - 0.62%
free? to be widely enforced. ington could leave behind longtime Paris 4967.37 - 1.29%
Salad lunch spot Sweetgreen But while businesses can reap the residents who are senior citizens, as Tokyo 21184.6 - 0.4%
doesn’t take greenbacks. Neither do benefits of ditching real dollars, is well as young teens and people who Toronto 14888.26 - 0.24%
certain vendors at Nationals Park like there a hidden cost for consumers? struggle to set budgets. Latin-American Stock Indexes
Ben’s Chili Bowl, a local eatery pop- “There’s no free lunch here,” An- “Folks don’t really know how to Bogota 1397.17 + 0.12%
ular with baseball fans. gel says. manage money,” argued Ferguson, Buenos Aires 29369.87 + 0.12%
Slowly, DC businesses are ditching Of course, consumers absorb the the father of a 13-year-old son. Lima 18576.36 - 0.44%
paper money for plastic, embracing a literal expenses, such as processing “The businesses who don’t ac- Mexico 45803.33 - 1.02%
trend gaining traction nationwide. fees and technology infrastructure. cept cash really hinder their lifestyle Panama 457.93 - 0.04%
“I’m all for the cash-free sys- Angel also warns of ethical consider- because they can’t manage it unless Santiago 5124.1 - 0.34%
tem” on buses, Rogers Ferguson, a ations about leaving people behind in they physically see it.” Sao Paulo 85719.87 + 1.95%
52-year-old Washington native and a cash-free world. Joseph Leitmann-Santa Cruz, an Venezuela 445677.4 + 8.87%
Navy veteran, told AFP. Tony Boomer, a 33-year-old la- associate director at financial educa- Most Active Stocks
“I do a lot of travelling abroad so borer in the capital, says he is wary tion non-profit Capital Area Asset 3D Systems Corp 16.46 - 3.97%
I’m very acclimated to not carrying of cash-free businesses due to secu- Builders, said he doubts cash-free 3M Co 184.95 - 0.02%
cash.” rity concerns, and argues that some businesses deliberately exclude cer- Alcoa 34.25 - 0.9%
The 2018 World Payments Report, people just like paying in cash. tain consumers. Amex 101.25 - 2.27%
released this month by consultancy “It’s kind of wrong,” Boomer told But he notes: “Those policies are AT&T 29.09 - 2.97%
Capgemini and banking giant BNP AFP. “It’s like you’re separating the pretty much saying, ‘If you are low- B. of America 26.39 - 0.75%
Paribas, indicates a global cash-free people that don’t have credit cards.” income and don’t have a bank ac- Boeing 359.27 - 1.24%
boom. In a country of more than 325 mil- count or credit card, then we don’t Caterpillar 115.05 - 0.5%
In 2015-2016, 483 billion transac- lion people, 13 million Americans want your business.’” Chevron 111.53 - 0.04%
tions were cashless. That number is don’t have a bank account, according For Land of Kush, a vegan soul Cisco Systems 44.25 - 2.68%
expected to rise at a 13 percent com- to Federal Reserve figures. food restaurant in nearby Baltimore, Coca Cola 45.92 - 1.27%
pound annual rate through 2021, ac- Another 18 percent are what is going cash-free proved a mistake for Exxon Mobil 77.53 - 1%
cording to the report. known as “underbanked” -- mean- that exact reason. General Electric 11.3 - 4.24%
Though the United States has often ing they have an account, but still use Earlier this year, owners Nai- H.P. 23.13 - 2.77%
been a laggard in terms of payments alternative financial services such as jha Wright-Brown and her husband Home Depot 172.23 - 3.82%
innovations, businesses in Washing- check cashers and money orders. Gregory Brown won $10,000 in a IBM 124.79 - 1.31%
ton are adopting the cash-free model. In Washington, that translates to “Cashless Challenge” set by VISA. Intel 45.69 + 3.11%
Bus operator WMATA told AFP 37,000 unbanked and 72,000 un- They were motivated to enter and Johnson & Johnson 136.97 - 1.08%
it is exploring the concept for effi- derbanked households, officials say pledge to go cash-free after an armed JPMorgan 103.42 - 1.37%
ciency reasons: accepting cash can -- meaning a whole segment of the robbery last Thanksgiving. Kraft Heinz Co 54.65 - 2.38%
waste lots of time when customers population could be cut out of the But the experiment barely lasted McDonalds 173.34 - 1.12%
are boarding. new retail economy. a week. “We’re a black business, so Merck & Co 70.4 + 0.63%
But cost and security are also key “Unfortunately a lot of the un- we serve a diverse customer base... Microsoft 106.96 - 1.24%
factors, says James Angel, a profes- banked are primarily poor people, or including people who just don’t have Pfizer 42.6 - 1.87%
sor at Georgetown University’s Mc- people of color,” says Stephen Tay- bank accounts,” Wright-Brown ex- Procter & Gamble 87.86 - 1.28%
Donough School of Business. lor, commissioner of Washington’s plained. Travelers Cos 121.29 + 0.04%
Cash is “expensive to transport, city Department of Insurance, Securi- “So there was a population that United Tech. 123.23 - 0.94%
you’ve got to count it, you’ve got to ties and Banking. was very upset with this and we Verizon 55.51 - 1.63%
worry about it disappearing and you A lack of education, distrust of couldn’t really afford to lose that Wal-Mart 98.94 - 0.24%
also have to worry about the safety institutions and high banking fees third of transactions that we get.” Walt Disney 113.19 - 0.85%
“It was stolen on public contracts... and transferred into these accounts, then laundered abroad”
Pakistan’s ‘penniless billionaires’ expose money laundering frenzy
It took rickshaw driver Mohammad The incidents follow a similar arc ernment scrambles to shore up Paki- Since news of the incident spread
Rasheed a year to save 300 rupees to -- bank accounts in poor residents’ stan’s deteriorating finances. Qadir says he is regularly mocked by
buy his daughter a bike, so when he names are flooded with cash, then “This is your stolen money,” said his neighbours and also fears being
found three billion rupees ($22.5 mil- suddenly emptied in a laundering the former cricketer during a televised kidnapped by criminal elements who
lion) had passed through an unused scheme that has likely seen hundreds address to the nation Wednesday. “It believe he has billions of rupees to
bank account in his name, he was of millions of dollars moved out of was stolen on public contracts... and spare for hefty ransoms.
stunned ... and scared. the country. transferred into these accounts, then “He is a penniless billionaire,” one
“I started sweating and shivering,” Rasheed’s name was eventually laundered abroad. of Qadir’s acquaintances laughed
said the 43-year-old -- just the latest cleared, but his anxiety remained. “I will spare no corrupt man in this while driving past his ice cream cart
victim of a money laundering scheme “I stopped driving my rented rick- country,” he promised. in the Karachi slum of Orangi town.
that Pakistan’s new prime minister, shaw on the roads because of the fear
Imran Khan, has vowed to crush. that some other investigating agen-
When he got a call from the Fed- cies might pick me up,” he said. Foreign Exchange
eral Investigation Agency, Rasheed’s “My wife fell sick because of the
first inclination was to go into hid- tension.” Only weeks before the fi- EURO USA CAN UK AUS SWISS H.KONG JAP
ing, but friends and family members asco he had finally been able to buy EURO - 1.13 1.49 .89 1.61 1.14 8.90 128.00
finally convinced him to cooperate a 300-rupee bike with worn tyres for USA .88 - 1.32 .78 1.43 1.00 7.81 112.36
with officials. his daughter -- the fruit of a year’s CAN .67 .76 - .60 1.09 .75 6.00 86.00
His case mirrors dozens of simi- careful saving. UK 1.12 1.28 1.67 - 1.82 1.28 10.00 144.00
lar stories in recent weeks that have The revelation of the laundering AUS .62 .70 .92 .55 - .70 5.50 79.00
filled newspapers in Pakistan and frenzy comes as the newly elected SWISS .88 1.00 1.33 .78 1.43 - 7.80 112.00
riled a populace long accustomed to Khan has vowed to squash rampant H.KONG .11 .13 .17 .10 .18 .13 - 14.30
extravagant tales of corruption and corruption and recover billions si- JAP .01 .01 .01 .01 .01 .01 .07 -
theft. phoned from the country as his gov-

Business
Page 4 Monday October 29, 2018
Statement Catalan economy solid Catalan economy solid
IBM buys software company A year after failed independence bid A year after failed indepen-
Red Hat for $34bn Catalonia has enjoyed solid growth over the same year-earlier period as dence bid
since the region’s failed bid to break
images of mass street protests kept
IBM said Sunday it has reached a away from Spain last year despite tourists away. Catalonia has enjoyed solid growth
deal to buy software company Red predictions the uncertainty sparked But the sector has “recovered” in since the region’s failed bid to break
Hat for $34 billion, a move the com- by the separatist push would take a 2018 since “political debates are hap- away from Spain last year despite
puting giant said would enhance its heavy toll. pening where they should happen: in predictions the uncertainty sparked
cloud offerings, a key area of growth. Businesses feared the worst when parliament” and not on the streets, by the separatist push would take a
The deal will see IBM acquire all of the Catalan parliament declared in- said Manel Casals, the director gen- heavy toll.
the issued and outstanding common dependence last October, triggering eral of the Barcelona hoteliers as- Businesses feared the worst when
shares of Red Hat for $190.00 per Spain’s worst political crisis in four sociation, although he added “some the Catalan parliament declared in-
share in cash, more than $70 above decades. But the region’s economy, opportunities were lost”. dependence last October, triggering
the $116.68 at which Red Hat was which accounts for around a fifth of Marta Angerri, the director of Spain’s worst political crisis in four
trading on close of business Friday. Spain’s economic output, grew by 3.1 powerful Catalan business lobby decades.
If approved it will be among the percent in the second quarter of 2018, Circulo de Economia, said it was not But the region’s economy, which
biggest tech mergers in history. Red outperforming Spain as a whole yet possible to calculate “how many accounts for around a fifth of Spain’s
Hat said it was the biggest involving which expanded 2.5 percent. opportunities were missed and which economic output, grew by 3.1 percent
a software company. “The acquisi- It has been buoyed by the allure of investments failed to be made” due to in the second quarter of 2018, outper-
tion of Red Hat is a game-changer. It its capital Barcelona, although some the secession crisis. forming Spain as a whole which ex-
changes everything about the cloud clouds remain on the horizon. Foreign direct investment dropped panded 2.5 percent.
market,” said Ginni Rometty, IBM’s Last year’s secession attempt 41 percent in the second quarter, but It has been buoyed by the allure of
chairman, president and CEO. caused “shock in confidence” and a analysts say this statistic usually var- its capital Barcelona, although some
“IBM will become the world’s fall in consumption in October, Josep ies greatly so the figure should be clouds remain on the horizon.
number one hybrid cloud provider, Oliver Alonso, an economist at the taken with caution. Last year’s secession attempt
offering companies the only open Autonomous University of Barce- Job creation is another weak spot. caused “shock in confidence” and a
cloud solution that will unlock the lona, told AFP. The number of new workers who fall in consumption in October, Josep
full value of the cloud for their busi- Some 3,700 companies moved signed up to the social security sys- Oliver Alonso, an economist at the
nesses.” their legal headquarters out of Cata- tem rose 2.5 percent in Catalonia in Autonomous University of Barce-
Cloud computing refers to the de- lonia to other parts of Spain between September over the previous year, lona, told AFP.
livery of computing services, includ- October 2017 and July 2018, includ- below the 2.9 percent rise recorded in Some 3,700 companies moved
ing storage and software, over the in- ing heavyweights such as Catalan the same period in all of Spain, ac- their legal headquarters out of Cata-
ternet to achieve economies of scale. lender Caixabank, according to Cata- cording to a study published Tuesday lonia to other parts of Spain between
IBM’s Rometty added that most lan government figures. by Spanish bank BBVA. October 2017 and July 2018, includ-
companies are currently being held But the political crisis did not cool Despite lingering political ten- ing heavyweights such as Catalan
back in their cloud transformation two of the main motors of the Catalan sions, Catalonia welcomed major lender Caixabank, according to Cata-
due to closed platforms. economy -- tourism and exports. multinationals such as Amazon, lan government figures.
Paul Cormier, Red Hat’s execu- Tourism, which accounts for 12 which in April opened a new cen- But the political crisis did not cool
tive vice president and president of percent of Catalonia’s economic tre in Catalonia and plans to open a two of the main motors of the Catalan
products and technologies, hailed the output, suffered a 5.0 percent drop machine learning research hub in the economy -- tourism and exports.
move. in visitor numbers in October 2017 region. Tourism, which accounts for 12
percent of Catalonia’s economic out-
“I was able to save to study to be a nursery school teacher” put, suffered a 5.0 percent drop in
visitor numbers in October 2017 over
In Kenya, free cash is the latest solution to poverty the same year-earlier period as imag-
Until recently, Molly struggled to double to $50, broadening her hori- Will they take risks in the way they es of mass street protests kept tourists
imagine life beyond the end of each zons. invest knowing they will have an in- away. But the sector has “recovered”
repetitive day: work in someone “Before, I barely had enough mon- come whatever happens? How does in 2018 since “political debates are
else’s fields and earn enough to eat, ey to survive but now I have plans... I that affect their aspirations?” says happening where they should hap-
rinse, repeat. even go to the hairdresser once every Teti of some of the questions their pen: in parliament” and not on the
“It was a vicious circle I could not two months,” she says with a smile. programme is testing. streets, said Manel Casals, the direc-
escape,” says the 25-year-old villager According to the World Bank, over “There is a global debate about tor general of the Barcelona hoteliers
in the Bondo region of western Ke- a third of Kenya’s nearly 50 million universal income and we want evi- association, although he added “some
nya. citizens live below the international dence to move forward,” she says. opportunities were lost”.
Her hardscrabble, rural existence is poverty line of $1.90 a day. The study is the biggest in the Marta Angerri, the director of
the same for many in Siaya County Molly’s village -- which is not be- world and will involve a total of powerful Catalan business lobby
where people eke out a living farming ing identified in order not to stir envy 20,000 people in western Kenya. Circulo de Economia, said it was not
maize, millet and cotton in the ochre or skew the study -- is one of scores Residents of 40 villages will re- yet possible to calculate “how many
soil. in the area chosen by the US charity ceive $22 a month for 12 years, a fur- opportunities were missed and which
But that was before the introduc- Give Directly to test the universal ba- ther 80 villages will receive the same investments failed to be made” due to
tion in her village of a cash handout sic income theory. amount for just two years, while the secession crisis.
known as “universal basic income”. The region was selected because of another 76 villages will receive two Foreign direct investment dropped
It’s part of a large, intensive, multi- its poverty, but also its stability and, lump sum payments of $507 spaced 41 percent in the second quarter, but
year study aimed at discovering a crucially, the effectiveness of Ke- two months apart. analysts say this statistic usually var-
new way to end poverty in Africa. nya’s mobile money transfer system, Molly’s neighbour, 29-year-old ies greatly so the figure should be
Molly began receiving a no- M-Pesa, that allows the easy distribu- Edwin, hopes to replace his mud hut taken with caution.
strings, fixed monthly donation of tion of payments. with a cement home, while Monica Job creation is another weak spot.
2,250 shillings ($22, 19 euros) two Founded in 2010 and working in and her husband have invested in The number of new workers who
years ago, and since then “everything six African countries, Give Directly small-scale chicken farming. signed up to the social security sys-
has changed”, she says. sends money straight to the poor al- “We have a new enclosure and tem rose 2.5 percent in Catalonia in
“I was able to save to study to be lowing them to choose their own a few chickens,” says Monica, September over the previous year,
a nursery school teacher,” she says priorities, rather than outsiders “de- 30, wearing an elegant black dress, below the 2.9 percent rise recorded in
proudly inside her tin-roofed cement ciding instead of them”, explains the mended in several places. She hopes the same period in all of Spain, ac-
home as chickens pecked outside. non-profit’s spokeswoman Caroline to be able to send her three children cording to a study published Tuesday
“It was the little bit of help that Teti. to school so that they won’t “live in by Spanish bank BBVA.
turned my situation around.” Previously, recipients were given poverty, like us”. The lender blamed “multiple ex-
With a paid internship at the vil- a single lump sum, but now monthly Without patronising prescriptions traordinary events” in Catalonia in
lage school Molly has built on the payments are being trialed. from donors, “everyone in the village 2017 for the slower rate of job cre-
foundation of universal basic income “When you give people money is using the money differently,” she ation, from a deadly Islamist attack in
to see her monthly income more than monthly, will they stop working? adds. August to the separatist crisis.

Sports
Page 5 Monday October 29, 2018
“I stop for a while after the US Open so then I started to practice slow step by step. And that’s it. Here I am. Happy to be here”
Djokovic targets top spot in Paris as Nadal returns from injury


Novak Djokovic can complete a stun- like I can improve, but I feel like this
ning return to world number one at is a very high level,” he added.
the Paris Masters this week as Rafael Incumbent world number one Nad-
Nadal hits the comeback trail for the al has not played since a knee injury
first time since limping out of the US led to him retiring from his US Open
Open. semi-final against Juan Martin del
Roger Federer could also resurface Potro.
in the French capital after a three- The Spaniard, for all his success at
year absence, although the 20-time Roland Garros, has never lifted the
Grand Slam champion said a decision trophy at the Paris Masters - his best
on his participation will be made on showing came when he lost the 2007
Tuesday. final to David Nalbandian.
The Swiss star won his 99th career Nadal withdrew before his quarter-
title in Basel over the weekend but final last year, and he must match
hasn’t played in Paris since 2015 due Djokovic’s performance to retain top
to a combination of injury and selec- spot going into the season-ending
tive scheduling. Tour Finals in London.
Djokovic also missed last year’s “I stop for a while after the US
event as he dropped outside the top Open so then I started to practice
10 for the first time in over a decade, slow step by step. And that’s it. Here
but the Serb, who was lingering down I am. Happy to be here,” said Nadal.
at a ranking of 22nd as recently as (FILES) Serbia’s Novak Djokovic (Photo AFP) “It’s nothing new for me. Some-
June, arrives having won 27 of his he battled to recover from a nagging er to claim an elusive Cincinnati title. thing that happened in my career
last 28 matches. elbow injury. “We are very, very pleased with a couple of times. So more or less
“In both the US Open and Shang- He underwent surgery after a what was achieved in the last four, we know the process and we know
hai, I’ve played as good as ever,” said fourth-round loss at this year’s Aus- five months,” said Djokovic. “And the thing that works well for us, the
Djokovic, who claimed his 14th ma- tralian Open but admittedly rushed with Rafa’s injury and him not play- things that don’t work well.
jor championship in New York. his return and suffered a series of ear- ing China and so forth, it put me in “This city so special for me. So
“So I really enjoy tennis at the mo- ly exits that knocked his confidence. a position to be very close to him in that’s little bit more motivation to be
ment and enjoy competing, because The 31-year-old though outlasted rankings and to fight for a year-end here,” he added.
obviously when you’re winning that Nadal in an epic Wimbledon semi-fi- No. 1. Marin Cilic and Dominic Thiem
many matches you have a lot of con- nal before sweeping Kevin Anderson “So of course right now I’m aware are in position to claim the remaining
fidence.” aside to claim his first Grand Slam of it and I’m going to give my very two London berths, with Kei Nishi-
However, it was just months ago since the 2016 French Open. best to try to achieve it.” kori and 2016 Paris runner-up John
that doubts were raised over his fu- He then completed a sweep of “I do think that I’m playing at my Isner still with an outside chance of
ture following a dramatic decline as Masters victories by downing Feder- best at the moment and I always feel qualifying.

“It has been the toughest year physically” “This was a very difficult decision”
Hamilton joins Fangio with ‘surreal’ fifth world title Cavaliers dump Lue as coach after NBA-worst 0-6 start
Lewis Hamilton claimed his fifth on and bring the car home. “I’ve been Tyronn Lue, who coached the Cleve- the title in 2016. “This is a different
drivers’ world championship on Sun- with Mercedes since I was 13 and to land Cavaliers to the 2016 NBA title, team equation, though, and one that
day to draw level with Juan Manuel complete this, when Fangio had done was fired Sunday after the club’s lat- we felt needed a different voice and
Fangio in the Formula One record it with Mercedes, is an incredible est loss in a league-worst 0-6 start, approach that required this change.”
books when he finished fourth behind feeling and it is very surreal to me the club confirmed. James tweeted his appreciation for
a victorious Max Verstappen in the at the moment. “I just feel very very The announcement by Cavaliers Lue on Sunday afternoon.
Mexican Grand Prix. humble, of course I dreamed about general manager Koby Altman came “T Lue thanks for the memories
Hamilton’s success – the third time this but I never thought I’d be stand- after Indiana beat Cleveland 119-107 and more importantly our partnership
he has taken the title without finish- ing here as a five-time champion.” Saturday with associate coach Larry bringing a (trophy) to that deserved
ing on the race podium – elevated Four-time champion Vettel heaped Drew being promoted to interim city/fan base. U know how to find
him to a supreme club alongside Fan- praise on his rival. coach. me,” James tweeted.
gio with only seven-time champion “It is not easy today but well de- “This was a very difficult deci- Lue, 41, went 128-83 in just over
Michael Schumacher ahead of him. served for him and I want to con- sion,” Altman said. “It is especially 2 1/2 seasons as the Cavaliers coach
He was adding the 2018 crown to gratulate Lewis. They did a superb so, considering Coach Lue’s time with a 41-20 record in the playoffs.
his championship wins in 2008, job all year. We need to stand there, with us over the last four years, in- But with James gone, not even
2014, 2015 and 2017. accept that and send congratulations. cluding four straight trips to the NBA three consecutive trips to the finals in
The 33-year-old Briton’s only re- We would have liked to have hung in Finals.” his first three seasons as coach could
maining championship rival Sebas- there longer, but it was not to be.” Former associate coach Lue took save Lue. The Cavs have not led this
tian Vettel of Ferrari, who needed a Reflecting on his season Hamilton over the LeBron James-led Cavs in season in the second half and are off
victory, with Hamilton outside the added: “It has been the toughest year January 2016 after the mid-season fir- to their worst start since 1995.
top seven, to keep his hopes alive, physically, mentally and personally ing of Dave Blatt and guided Cleve- In a statement to ESPN, Lue
finished second. with everything I’m committed to, land to its first NBA crown and the thanked Altman, former Cavs gen-
He celebrated by executing but I have amazing support. first for any team in the city since the eral manager David Griffin and team
‘doughnut’ wheel spins for the cheer- Hamilton, who started third on 1964 NFL Browns. owner Dan Gilbert.
ing crowd before leaping out of his the grid, struggled with chronic tyre- But James departed in the off-sea- “My time here in Cleveland was
car and into the arms of his team. wear after making a strong start in his son for the Los Angeles Lakers and truly special,” Lue said. “I am very
After being congratulated by Vet- Mercedes and settled for a cautious little was expected of the Cavs this grateful for the dedication, sacrifice,
tel, Hamilton said: “It’s a very strange cruise to the title without a podium season. and support of all the players on
feeling right now.” finish. Verstappen, upstaged by his “We have respect and great admi- our team, the tremendous coaches I
After surviving what turned into a Red Bull team-mate Daniel Ricciar- ration for Ty, not only as a coach, but worked with and of course, our in-
battle of attrition at the Autodromo do in qualifying on Saturday, came a person,” Altman said. “We thank credible fans.
Hermanos Rodriguez he added: “It home 17.108 seconds ahead of Vettel him for the many ways he has con- “Lastly, deep thanks to Dan Gil-
was a horrible race… I really don’t after the luckless Australian pole-sit- tributed to our success, wish him the bert, David Griffin and Koby Altman
know what happened. ter retired with nine laps remaining. best and he will always be remem- for the opportunity over the last three
“We were struggling both Valtteri “I didn’t sleep very well last night,” bered for leading a very special Cavs years and I only wish the organiza-
(Bottas) and I and we had to just hang said Verstappen. team back against the odds to win tion success moving forward.”

Entertainment
Page 6 Monday October 29, 2018

Sudokumania
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 7 9 1 8 1 5 7 9


5 3 7 3 2 1

2 7 1 4 7 4 6

2 6 5 4 3 8 9 1


9 4 6 7 2 5 8 3 1 5
1 2 3 4 5 6
1 5 4 2 7 2 7 8 9 6 9
10 11
5 9 7 8 12 13 14 9 15 16 5 17 7
18 19 20 21
2 6 8 6 22 23 3 24 25 4
26 27 28 29
6 9 2 3 1 7 2 30 31 32 9 3
33 34
Crossword 35 36
www.CrosswordWeaver.com
1 2 3 4 5 6 ACROSS DOWN
7 8 9 1 Mr. Downs of 60 minutes 1 Sturdy
4 Puts up a picture 2 United Kingdom
7 Alaska (abbr.) 3 Owns
10 11 8 Cainʼs brother 4 Cycles per second
10 Small bunch of flowers 5 Boxer Muhammad
12 13 14 15 16 17 12 10 grams (abbr. for dekagram) 6 Delivered by post
15 Big sky state (abbr.) 9 Pace
16 Devour 11 "I dream of __"
18 19 20 21
18 Egg part 13 Cologne (Gr.)
20 Zn 14 Radiates
22 23 24 25 22 Earring need 17 Acting (abbr.)
24 Brief autobiographical sketch 19 Computer memory unit
26 Compass point 21 Hospital feeding tube
26 27 28 29
27 Air conditioner, for short 23 Beginning
29 Chick holder 25 Harmonize
30 31 32 30 Stems of letters 26 Void
33 Babble 28 Central Intelligence Agency
34 Him 31 Recede
33 34
35 Solicit the government 32 National police
36 Island 34 Hectoliter (abbr.)
35 36
Fold Fold
www.CrosswordWeaver.com
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DEDICATED PRESS sales
I S L E
L O B B Y
ACROSS 4 9 5 8 6 3 7 1 2 DOWN 1 3 8 7 9 6 5 H E B L A B L (52)8183105037
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[email protected]
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DEDICATED PRESS editorial
(52)5555726129
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1 Mr. Downs of 60 minutes 3 7 1 6 4 9 1 Sturdy 1 3 7 9 6 V I T A L O B E [email protected]
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Information Source:
Y O L K
Z I N C
4 Puts up a picture 3 1 4 9 5 6 8 2 7 2 United Kingdom 4 E A T M T D K G Agence France-Presse (AFP)
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Printed and distributed locally in each hotel.
All rights reserved.
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7 Alaska (abbr.) 7 2 9 6 3 5 1 8 4 3 Owns 9 7 2 6 3 8 N S P R I G R Reproduction in whole or in part by any printed
or electronic without permission of the publisher.
4
5
1
8 Cainʼs brother 5 8 1 4 9 2 3 7 6 4 Cycles per second E H A N G S A B E L A K H U G H
7
1
2
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3
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5
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10 Small bunch of flowers 5 Boxer Muhammad Solution:
12 10 grams (abbr. for dekagram) 6 Delivered by post
15 Big sky state (abbr.) 9 Pace
16 Devour 11 "I dream of __"
18 Egg part 13 Cologne (Gr.)
20 Zn 14 Radiates
22 Earring need 17 Acting (abbr.)
24 Brief autobiographical sketch 19 Computer memory unit
26 Compass point 21 Hospital feeding tube
27 Air conditioner, for short 23 Beginning
29 Chick holder 25 Harmonize
30 Stems of letters 26 Void
33 Babble 28 Central Intelligence Agency
34 Him 31 Recede
35 Solicit the government 32 National police
36 Island 34 Hectoliter (abbr.)

QUESTRO HOTEL RATES

st
st
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
FORE FOR 4 PROMO
Rates per foursome $480.00 $420.00 $580.00
(*No time restriction) Includes Food & Beverages




2 ROUND PASS 3 ROUND PASS 5 ROUND PASS



$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
palapas.
• Golf pass is personal, non-transferable.
• Golf Pass is valid for 14 days, once initial round is played













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