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Published by it, 2018-06-13 02:27:08

Junio 13

Hacienda Digest

June 13th, 2018

Wed June 13 Thurs June 14 Fri June 15 Sat June 16 Sun June 17

Scattered Thunderstorms/
Showers Showers Sunny
Thunderstorms Wind

88ºHigh 77ºHigh 77ºHigh 83ºHigh 85ºHigh

75°Low 70°Low 70°Low 71°Low 72°Low

Humidity: Humidity: Humidity: Humidity: Humidity:
71% 97% 87% 80% 73%



Fitness Class Schedule
Fitness Center 6 am – 9 pm daily
Each of our cardio stations is equipped with a
television. We supply headphones, towels and
bottled water for your visit. Maintain your fitness A visit to the Spa at Hacienda Beach Club and Residences is a journey into a world of sensation,
regimen or start a new one with guidance from our 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
personal trainers!
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,
Fitness Class Schedule mental, and emotional renewal.
Hacienda Signature Ritual
Monday, June 11
Yoga: 8:00 am – 9:00 am Inspired by the rhythms and formations abundantly
Glutes, Abs and Legs: 9:30 am- 10:30 am present in nature, this beautiful ritual brings balance
and harmony to the mind and body. Like the ocean
Tuesday, June 12
Spinning: 8:00 am – 9:00 am waves and delicate patterns in the sea shells, the
body´s energy undulates and spirals, creating the
Reformer Pilates: 10:30 am– 11:30 am
vibrancy and power inherent in each of us. This ritual
Wednesday, June 13 will awaken and stimulate that energy, release the tensions built up in daily life,
and promote overall well-being. The experience begins with a welcoming foot
Boot Camp Training: 8:00 am- 9:00 am
cleanse, followed by a purifying exfoliation,
Yoga: 10:00 am-11:00 am
continued by a deep massage to relieve tension and
Thursday, June 14 expand the breath. We use herbal compresses with
Glutes, Abs and Legs: 9:00 am 10:00 am traditional medicinal plants to reach areas of
Mat Pilates: 10:30am-11:30 am profound tension and release blocked energy, while
pure essential oils nourish and replenish, leaving
Friday, June 15 you feeling refreshed and vibrant.
Functional Training: 8:00 am-9:00 am
Spinning: 9:30 am- 10:30 am 2hrs. $270 USD + TAX
Reformer Pilates: 11:00 am- 12:00 pm

Saturday, June 16 Sunburn Recovery Treatment
*Cardio Strength Circuit 8:00 am - 9:00 am
Yoga: 10:00 am – 11:00 am
This wonderfully soothing and cooling treatment is a
Sunday, June 17 welcome relief for sun exposure or the desert heat. Aloe
Boot Camp Training: 8:00 am – 9:00 am Vera is well known for its healing restorative effects, great
Spinning: 9:30 am – 10:30 am for dehydrated or sunburned skins. The treatment includes

a full facial with organic Aloe with cool marble stones to
*Mix of cardio on bike, step including help reduce any inflammation, and simply please all the
TRX & Weights overall cardio workout senses.
with added strength exercises.
80min. - $165 USD + TAX
Private classes
Hacienda Spa offers personal training classes
upon request. Spa Café

The Hacienda Spa Café is available daily serving a

selection of healthy snack foods, beverages and
freshly-made smoothies. Let the Café create a
smoothie to your taste or choose from our Smoothie
menu. The Café offers Wi-Fi service. Adjacent to the
HACIENDA SPA Spa Café you can practice and improve your golf
game on the putting green. Putters and golf balls
Daily 7:00 am – 7:00 pm are available at the Spa Café.

Rejuvenate your Body.
Daily 7:00 am – 3:00 pm
Replenish your Soul.

Hacienda Spa & Fitness Center

Group Fitness Class Schedule
June 11 to June 24

Monday, June 11 Monday, June 18

Yoga: 8:00 am – 9:00 am Yoga: 8:00 am – 9:00 am

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

Tuesday, June 12 Tuesday, June 19
Spinning: 8:00am – 9:00 am Spinning: 8:00am – 9:00 am

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

Wednesday, June 13 Wednesday, June 20

Boot Camp Training: 8:00 am- 9:00 am Boot Camp Training: 8:00 am- 9:00 am
Yoga: 10:00 am- 11:00 am Yoga: 10:00 am- 11:00 am

Thursday, June 14 Thursday, June 21
Glutes, Abs and Legs: 9:00 am – 10:00am Glutes, Abs and Legs: 9:00 am – 10:00am
Mat Pilates: 10:30 am – 11:30 am Mat Pilates: 10:30 am – 11:30 am

Friday, June 15 Friday, June 22
Functional Training: 8:00 am – 9:00 am Functional Training: 8:00 am – 9:00 am

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

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

Saturday, June 16 Saturday, June 23

*Cardio Strength Circuit 8:00 am –9:00 am *Cardio Strength Circuit 8:00 am –9:00 am
Yoga: 10:00 am – 11:00 am Yoga: 10:00 am – 11:00 am

Sunday, June 17 Sunday, June 24
Boot Camp Training: 8:00 am –9:00 am Boot Camp Training: 8:00 am –9:00 am

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


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

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

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


May 16 – June 30 , 2018

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

18 Holes $210.00 $170.00 $160.00 $130.00 $250.00 $200.00
Early Twilight 12pm $175.00 $140.00 $145.00 $115.00 $205.00 $165.00
Twilight 1:30pm $150.00 $120.00 $120.00 $95.00 $180.00 $145.00
Includes Food & Beverages

Rates per foursome $560.00 $460.00 $660.00
(After 11 am) Includes Food & Beverages


$450.00 USD $700.00 USD
$330.00 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.

Important news for important people Volume 3211 Wednesday June 13, 2018
International Business Sports
A tall and dapper former handball The US central bank on Tuesday Dustin Johnson likes the view from Cabo San Lucas
player with two Olympic medals to opened a two-day policy meeting that the top, and the long-hitting Ameri- Scattered Thunderstorms
his name, Inaki Urdangarin went from markets overwhelmingly expect will can says there’s no downside to arriv- Sunrise: 6:34 AM
“ideal son-in-law” to the black sheep produce the second interest rate hike ing at the 118th US Open as the num- Sunset: 8:05 PM
of Spain’s royal family... P.2 of the year... P.3 ber one ranked... P.5 Humidity: 73% 79-80 F

“We will be stopping the war games which will save us a tremendous amount of money” Graft resolution
Trump, Kim hail historic summit; questions over way forward US seeks UN vote on con-
demning Hamas over Gaza
both men -- comparable to president US Ambassador Nikki Haley
Richard Nixon’s 1972 visit to China, slammed Tuesday a UN draft resolu-
or Ronald Reagan’s 1986 summit with tion condemning Israel for Palestin-
Mikhail Gorbachev in Reykjavik. ian deaths in Gaza as “fundamentally
World powers from China to Japan, imbalanced” and instead proposed
the European Union and Russia wel- condemning Hamas for the violence.
comed its outcome -- while caution- The General Assembly is set to
ing it was only the first step towards vote on the Arab-backed measure on
resolving the nuclear stand-off with Wednesday after more than 120 Pal-
Pyongyang. Many agreements have estinians were killed by Israeli fire
been made in the past with North Korea during protests near the border with
that have later fallen apart, and ahead Gaza since the end of March.
of the meeting, critics expressed con- In a letter sent to fellow ambassa-
cerns that it risked being more about dors, Haley said the United States had
headlines than substantive progress. presented an amendment to the draft
It also legitimised Kim, whose re- resolution that condemns Hamas for
gime stands accused of widespread firing rockets at Israel and “inciting
human rights abuses, critics charged. violence” along the border with Gaza.
In the event, the two leaders show- The 193-nation assembly will vote
ered each other with compliments on the US-drafted amendment before
in the sumptuous setting of a luxury the vote on the resolution.
North Korea’s leader Kim Jong Un shakes hands with US President Donald Trump after Singapore hotel, a marked contrast “Any resolution focused on the
taking part in a signing ceremony at the end of their historic US-North Korea summit (AFP) from their previous rounds of mutual protection of civilians in Gaza must
Donald Trump and Kim Jong Un “freeze for freeze” proposal pushed insults, such as “mentally deranged” recognize the destabilizing and reck-
hailed their historic summit Tuesday by Beijing and previously decried by and “little rocket man”. less actions of Hamas, which endan-
as a breakthrough in relations be- Washington. Trump said he had formed a “spe- ger the lives and livelihoods of in-
tween Cold War foes, but their agree- The US stations around 30,000 cial bond” with Kim, whom he de- nocent civilians,” Haley wrote in the
ment was short on details about the troops in security ally South Korea to scribed as “very talented”. As well as letter seen by AFP.
key issue of Pyongyang’s nuclear protect it from its neighbour, which abuses at home, Kim is also suspect- The draft text condemns Israel’s
weapons. invaded in 1950 in an attempt to re- ed of ordering the assassination of use of “excessive, disproportionate
The unprecedented encounter unify the peninsula by force. his brother at a Malaysian airport last and indiscriminate force” against Pal-
in Singapore saw the leader of the “We will be stopping the war year. After a day filled with smiles estinian civilians, but also deplores
world’s most powerful democracy games which will save us a tremen- and handshakes watched around the the firing of rockets by Palestinian
shake hands with the third genera- dous amount of money,” Trump told world, the US “committed to provide militants into Israel.
tion scion of a dynastic dictatorship, reporters, adding that “at some point” security guarantees” to North Ko- However, it does not specifically
standing as equals in front of their na- he wanted to withdraw US troops rea, while Pyongyang committed to mention Hamas.
tions’ flags. from the South. “work towards” denuclearising the “This omission should be unac-
Kim agreed to the “complete de- Both Seoul and US military com- Korean peninsula. Melissa Hanham ceptable to all member-states, given
nuclearisation of the Korean Pen- manders in the South indicated they of the US-based Center for Nonpro- that Hamas fired over 100 rockets at
insula”, a stock phrase favoured by had no idea the announcement was liferation Studies said on Twitter that Israel last month, provoked violent
Pyongyang that stopped short of coming, and analysts expressed im- North Korea had “already promised uprisings and obstructed the flow of
long-standing US demands for North mediate concern. Ending the drills to do this many times,” adding the humanitarian aid to the Palestinian
Korea to give up its atomic arsenal in “is in excess of all expert consen- two sides “still don’t agree on what people,” wrote Haley.
a “verifiable” and “irreversible” way. sus, South Korean requests, and ‘denuclearisation’ means.” Diplomats expect the US amend-
And in a blockbusting press con- even a close reading of North Ko- Asked about the issue -- the crux ment to fail and the Arab-backed res-
ference after the summit, Trump said rean demands”, said Adam Mount of the summit -- Trump said “we’re olution to be adopted, but it remains
the US would halt military exercises of the Federation of American Sci- starting that process” which would unclear how many votes it will garner
with Seoul -- something long sought entists. begin “very, very quickly”, but gave in the face of strong US opposition.
by Pyongyang, which claims the In Washington, Pentagon person- no concrete details. Speaking later as The Palestinians are hoping to win
drills are a rehearsal for invasion. nel -- also caught off guard -- spent he flew out of Singapore bound for as many votes as those cast in support
With Pyongyang having declared the morning discussing what could the US territory of Guam -- towards of a resolution in December rejecting
a moratorium on weapons testing amount to an epic shift in the US mil- which Pyongyang last year threat- President Donald Trump’s decision
on the grounds its development pro- itary’s posture in South Korea. ened to lob missiles -- Trump said he to move the US embassy to Jerusa-
grammes were complete, the move The Singapore summit was a po- intended to hold North Korea to its lem. That vote was 128 to 9, with 35
looked like a tacit acceptance of the tentially legacy-defining meeting for word on denuclearisation. abstentions.

Page 2 Wednesday June 13, 2018
War crimes “Inaki is a good, good, very good man”
ICC judges order DRCongo Spanish king’s brother-in-law: Olympic glory to royal shame
Bemba’s interim release
International judges Tuesday ordered A tall and dapper former handball
an interim conditional release of for- player with two Olympic medals to
mer Congolese vice president Jean- his name, Inaki Urdangarin went
Pierre Bemba who was acquitted last from “ideal son-in-law” to the black
week of war crimes after a decade sheep of Spain’s royal family when he
behind bars. landed in court in a corruption case.
“Today... the International Crimi- The 50-year-old, married to King
nal Court ordered the interim release Felipe VI’s sister, Princess Cristina,
under specific conditions for Mr was sentenced on Tuesday on appeal
Jean-Pierre Bemba,” The Hague- to five years and 10 months in jail
based tribunal said in a statement. for embezzling millions of euros of
“Taking into account all relevant public funds through the Noos Insti-
factors and the circumstances of the tute, a non-profit foundation he once
case as a whole, the Trial Chamber chaired, to finance a lavish lifestyle.
considers that the legal requirements Gone are the cheerful pictures of him
for continued detention are not met,” and his family that once lit up Spain’s
the court said. celebrity press, replaced by a morose-
The heavy-set Congolese politi- looking Urdangarin walking his dog
cian was acquitted on appeal Friday in Geneva where he, Cristina and their
by the ICC, which said he could not four children now live in exile, a su-
be held criminally liable for crimes permarket bag tucked under his arm.
committed by his troops in the Cen- Nearly two metres (6.6 feet) tall, he Husband of Spain’s Princess Cristina, Inaki Urdangarin (Photo AFP)
tral African Republic in 2002-2003. charmed not only her but her family scandal that was brewing and erupted He studied at Barcelona’s ESADE
The surprise decision came af- and much of the public. in 2011, severely denting the royal Business School, where he met pro-
ter Bemba, 55, had been sentenced Left-wing daily El Pais dubbed family’s popularity. Urdangarin was fessor Diego Torres, the man who
unanimously to 18 years in 2016 by him “the perfect boy”. born on January 15, 1968, in Spain’s would become his associate... for bet-
ICC trial judges after a decade behind “Inaki is a good, good, very good Basque Country to a Spanish banker ter and for worse.
bars following his arrest in Belgium. man,” his mother-in-law, Queen So- father and Belgian mother, the sec- In 2004, Urdangarin became chair-
Bemba’s interim release relates to fia, was quoted as saying in 2008 by ond-youngest of seven children. man of the organisation at the heart of
a separate case in which he was hand- a journalist specialising in Spanish He grew up mainly in Barcelona, the current scandal -- the Noos Insti-
ed one-year jail sentence and fined royal affairs, Pilar Urbano. where he also lived with Cristina fol- tute, a non-profit group he headed un-
300,000 euros ($350,000) in 2017 for “This is the image we Spaniards lowing their lavish 1997 wedding and til 2006 with Torres as his right-hand
bribing witnesses during his main war have all had, of an Olympic lad, he was bestowed the title of Duke of man. A whiff of scandal that same
crimes trial. He lost an appeal against clean, impeccable, good-looking, Palma. After winning bronze med- year -- when Urdangarin and his roy-
that sentence and the ICC is yet to de- young, very in love with Cristina and als with Spain’s handball team at the al wife reportedly spent some six mil-
cide on a new jail term, which carries a very good father,” she said. 1996 and 2000 Olympics, Urdangarin lion euros ($6.5 million) on a luxury
a maximum of five years. Sentencing The praise betrayed no hint of the retired from the sporting world. house -- soon dissipated in Spain.
is due on July 4.
Bemba’s lawyer Peter Haynes said “There is an agreement. We have a historic solution after two and a half decades”
his client planned to return to Brus-
sels to be united with his wife and Macedonia PM hails ‘historic’ deal with Greece to resolve name row
five children. Macedonia and Greece on Tuesday parliament. Tsipras insisted the his Macedonian counterpart Nikola
But the ICC’s judges allowed the resolved a nearly three-decade row Macedonian government needed to Dimitrov.
former rebel commander-turned-pol- by agreeing to call it the Republic of get parliamentary approval otherwise Tsipras said that the agreement
itician to leave the court’s detention North Macedonia, as Skopje hailed a “NATO’s invitation is canceled and would specify that Macedonia’s lan-
unit at a Dutch prison in The Hague “historic solution” to a dispute which negotiations with the EU will not guage is of Slavic origin.
only if he adhered to strict require- had blocked its bid to join the EU and move”. Both governments have faced criti-
ments. These included “surrender- NATO. European Council President Don- cism ahead of the compromise and
ing himself immediately to relevant Macedonian Prime Minister Zoran ald Tusk tweeted his support for the on Tuesday Macedonia’s President
authorities” if asked by the court, Zaev said the two sides agreed to the agreement: “Thanks to you the im- Gjorge Ivanov signalled his concern.
refraining from making public state- rename the former Yugoslav republic possible is becoming possible.” “There is a need for a wider na-
ments on the case, not changing his after months of intensive diplomacy. “I am keeping my fingers crossed,” tional consensus to find a solution
address without prior notice and not “There is an agreement. We have a he said. that won’t hurt the dignity of the
contacting any witnesses. historic solution after two and a half Greek officials earlier said the list Macedonian people and citizens,”
The ICC’s judges added the Con- decades. Our agreement includes Re- of potential names included “New said Ivanov.
golese politician retroactively served public of North Macedonia for over- Macedonia” and “Upper Macedo- He is close to the nationalist VM-
“80 percent of the maximum possible all use,” Zaev told reporters in the nia”, but after months of discus- RO-DPMNE party which was de-
sentence” therefore it was “dispro- capital Skopje. sions “North Macedonia” was cho- feated by Zaev in elections last year.
portionate to further detain Mr Bem- Greece has long objected to its sen. The party’s leader Hristijan Mick-
ba merely to ensure his appearance northern neighbour being called Greek Foreign Minister Nikos oski said he would not support chang-
for sentencing.” Macedonia because it has its own Kotzias had prepared a 20-page draft es to the “constitutional name” of
The 18-year sentence in Bemba’s northern province of the same name. agreement after repeated talks with Macedonia.
main case was the longest ever to be In televised comments, Greek
handed down by The Hague-based Prime Minister Alexis Tsipras de-
court. clared the deal “a great diplomatic
Bemba had sent his militia, the victory and a great historic opportuni-
Congolese Liberation Movement ty” for the region to have “friendship,
(MLC) -- a rebel force that he later cooperation and co-development”.
transformed into a political organisa- Macedonia hopes that resolving
tion -- into the DRCongo’s northern the name dispute will help clear the
neighbour in October 2002 to quash way for it to join the European Union
a coup against then president Ange- and NATO.
Felix Patasse. But the deal still needs to be ap-
The trial was the first before the proved by the Macedonian parlia-
ICC to focus on sexual violence as a ment and pass a referendum there,
weapon of war. as well as ratification in the Greek

Page 3 Wednesday June 13, 2018
Higher prices caused by the tariffs also could slow growth of the US economy Wall Street Indexes
Trade tensions swirl as US Fed opens policy meeting Dow Jones 25,320.73 - 0.01%
+ 0.57%
S&P 2,786.85 + 0.17%
International Stock Indexes
The US central bank on Tuesday the target range for the key rate up a But in the meanwhile “the uncer- Australia 6,054.437 + 0.15%
opened a two-day policy meeting that notch to 1.75-2.0 percent. tainty surrounding trade issues could Frankfurt 12,842.30 - 0.00%
markets overwhelmingly expect will But the potential for a global trade damp business sentiment and spend- Italy 22,119.76 + 0.15%
produce the second interest rate hike war adds a major dose of uncertainty ing,” according to the Fed meeting London 7,703.81 - 0.43%
of the year. to the economic outlook. minutes. Madrid 9,914.40 + 0.16%
But as policymakers seek to hold US President Donald Trump im- Joseph Gagnon, senior fellow at Paris 5,453.37 - 0.38%
off inflation in the world’s largest posed punishing tariffs on steel and the Peterson Institute for Internation- Tokyo 22,878.35 + 0.33%
economy, global trade tensions are aluminum imports from key suppli- al Economics, said a major trade war Toronto 16,288.98 + 0.16%
swirling around the meeting, in- ers, including G7 partners Canada involving big-ticket import items like Latin-American Stock Indexes
flamed by the messy end to the week- and Germany, and has threatened autos could reduce economic poten- Bogota 1,550.56 + 0.17%
end’s contentious Group of Seven even steeper penalties on auto im- tial and lead to job losses. Buenos Aires 30,749.09 - 3.01%
summit in Canada. ports. “That will be like a supply shock Lima 21,324.90 + 0.60%
The potential to disrupt trade and Higher prices caused by the tariffs where you get more inflation and less Mexico 46,660.75 + 0.78%
raise prices for key inputs and con- also could slow growth of the US growth and the Fed probably won’t Panama 480.61 + 0.16%
sumer products will make the already economy. know what to do,” he said. Santiago 5,544.03 + 0.41%
delicate balancing act for Federal Re- And US trading partners like And this would come at a time Sao Paulo 72,754.13 + 0.62%
serve even more difficult. Canada, Mexico and the European when inflation risks are rising, in- Venezuela 41,824.211 - 0.43%
The vigorous health of American Union have vowed to retaliate against cluding higher oil prices, sweeping Most Active Stocks
jobs markets has driven unemploy- Trump’s aggressive trade actions, and tax cuts, and a weaker US dollar. 3D Systems Corp 14.5 + 0.97%
ment down to levels not seen for 50 a similar reaction could come from As a result, economists say a fourth 3M Co 204.92 - 0.10%
years, a time when inflation began an China. rate hike in December is increasingly Alcoa 49.29 - 1.26%
upward course that caused years of In an unprecedented move, Trump likely. And while the relationship be- Amex 100.73 - 0.46%
pain and took even longer to correct. backed out of a joint G7 statement tween low unemployment and rising AT&T 34.35 + 0.50%
Fed policymakers have been grad- with traditional allies, whom he ac- inflation is less direct than 50 years B. of America 29.9 - 0.53%
ually raising the benchmark lending cused of “robbing” the United States ago -- wages have shown only slug- Boeing 370.62 - 0.09%
rate since December 2015 to keep through unfair trade practices, and he gish growth in recent years -- the Caterpillar 157.49 + 0.76%
prices in check without roiling finan- lashed out in uncommonly personal painful memory of the 1970s is hard Chevron 127.08 - 0.38%
cial markets, and have signaled they terms at Canadian Prime Minister to ignore. Cisco Systems 43.94 + 0.57%
will not overreact to a pickup in in- Justin Trudeau. “That slippery slope may or may Coca Cola 44.41 + 0.63%
flation as long as it is short-lived and At their most recent meeting in not be there but nobody knows,” Exxon Mobil 82.42 - 0.82%
only slightly above the two percent early May, Fed officials noted the said John Ryding, chief economist at General Electric
goal. “particularly wide” range of pos- RDQ Economics. “So it’s only natu- H.P. 23.62 - 1.05%
Futures markets on Monday put sible outcomes from the trade dispute ral that the Fed continues to take out Home Depot 200.67 + 0.52%
the odds of a rate hike Wednesday depending on how Washington and insurance” in the form of rate hikes, IBM 146.87 + 0.20%
at more than 96 percent, bringing other economies behaved. he added. Intel 54.82 + 0.55%
Johnson & Johnson 122.54 - 0.10%
The survey was conducted between May 28 and June 11 JPMorgan 110.19 - 0.58%
German investor confidence slumps on trade fears Kraft Heinz Co 60.12 + 0.40%
Confidence among German inves- ing of -16.1. ZEW President Achim Donald Trump tear up a joint commu- McDonalds 166.73 + 0.14%
tors slumped to its lowest level since Wambach pointed to “the latest es- nique with other leaders of advanced Merck & Co 62.44 + 0.18%
September 2012 Tuesday in a close- calation in the trade conflict with the Western economies, citing trade dif- Microsoft 101.31 + 0.26%
ly-watched monthly barometer, as United States” as a major reason for ferences. Financial players’ judge- Pfizer
financial players were spooked by a the gloomier prognosis. ments of both the current economic Procter & Gamble 77.24 - 0.37%
transatlantic war of words over trade. The survey was conducted be- situation and the outlook for the com- Travelers Cos 129.58 - 0.70%
The ZEW institute’s regular poll of tween May 28 and June 11, a period ing months slipped, with both read- United Tech. 127.85 - 0.25%
economic expectations for the com- including last weekend’s disastrous ings much worse for the 19-nation Verizon 48.81 - 0.99%
ing months lost 7.9 points for a read- G7 summit that saw US President eurozone than for Germany alone. Wal-Mart 84.1 - 0.24%
Walt Disney 104.33 - 0.02%
“That means that initially it will likely look through the energy-induced inflation boost and focus on core inflation instead”
Fuel prices push annual US consumer inflation to six-year high in May
Sharp increases in prices for gaso- ing analyst expectations. Outside “That means that initially it will matching expectations. But on a
line, fuel oil, shelter and medical care volatile energy and food prices, costs likely look through the energy-in- 12-month basis, core CPI rose 2.2
helped send a key measure of US in- for other goods and services, such as duced inflation boost and focus on percent, the largest increase since
flation to a six-year high in May, ac- prescription drugs and hotel stays, core inflation instead.” February of last year, driven higher
cording to new data released Tuesday. posted steady gains as well, lending Outside the volatile energy sector, by rising costs for shelter and medi-
The fuel-driven jump in prices support for the Fed’s gradual plans to price pressures were more modest, cal care.
comes a day before the Federal Re- remove stimulus from the economy. even declining in some areas. This was offset by year-on-year de-
serve is overwhelmingly expected to On an annual basis, gasoline prices Compared to April, inflation ex- clines in new and used cars, air fares
raise the benchmark lending rate for rose 21.8 percent, the biggest jump cluding food and fuel -- so-called and mobile telephone services, which
the second time this year to keep a lid in more than a year, while fuel oil core CPI -- rose only 0.2 percent, fell 0.5 percent.
on inflation. rose 25.3 percent. Natural gas, how-
Rising prices also showed signs ever, fell 0.8 percent compared to 12
of eating into hourly worker wages, months earlier. Foreign Exchange
which were flat in May when adjust- But economists say the central
ed for inflation, compared to the same bank is unlikely to overreact to those EURO USA CAN UK AUS SWISS H.KONG JAP
month last year. price hikes, even it if pushes overall EURO - 1.18 1.54 .88 1.54 1.16 9.20 130.00
The Consumer Price Index, which inflation beyond the Fed’s two per- USA .85 - 1.30 .75 1.32 .98 7.87 109.89
tracks costs in household goods and cent goal. CAN .65 .77 - .57 1.01 .75 6.00 85.00
services, rose 2.8 percent year-over- “The Fed has signaled that it will UK 1.14 1.34 1.75 - 1.75 1.32 10.50 148.00
year in May, the highest since Feb- conduct monetary policy with the AUS .65 .76 .99 .57 - .75 6.00 84.00
ruary 2012, the Labor Department aim of being symmetrical around its SWISS .86 1.02 1.33 .76 1.33 - 8.00 112.00
reported. two percent inflation target,” Mickey H.KONG .11 .13 .17 .10 .17 .12 - 14.10
Compared to April, however, CPI Levy of Berenberg Capital Markets JAP .01 .01 .01 .01 .01 .01 .07 -
rose only 0.2 percent, undershoot- said in a research note.

Page 4 Wednesday June 13, 2018
Electronic Entertainment Trudeau struck a steady-as-he-goes pose after Trump’s latest dig Eurozone economy
Deadly battles continue to Canada looks to ride out Trump trade storm ‘Exciting’ ECB meet could
power hit video games Canada moved to tamp down spiking lies in conflicts dating back to World bring end to bond-buying
tensions with the United States Tues-
War I.
Bandits, soldiers, demons, zombies, day, brushing aside a warning by US “Canadians are polite and reason- The European Central Bank may
aliens and other enemies will be shot, President Donald Trump that it will able but we will also not be pushed announce Thursday a timetable for
stabbed, bludgeoned, incinerated, or pay for Justin Trudeau’s G7 summit around,” he said. withdrawing its massive support for
even blow up on the show floor of the remarks. And he confirmed that Canada the eurozone economy, analysts say,
Electronic Entertainment Expo open- Trudeau struck a steady-as-he-goes would press ahead with dollar-for- although looming threats to the bloc
ing here Tuesday. pose after Trump’s latest dig, telling dollar retaliatory tariffs on July 1 as could stay its hand for a few more
Deadly conflicts played out with reporters, “I’m going to stay focused previously announced. weeks.
stunning arsenals in creative fic- on defending jobs for Canadians and Trudeau, Trump told ABC News, Central bankers’ monthly bond
tional settings remain at the heart of supporting Canadian interests.” “shouldn’t have done that. That was purchases of 30 billion euros ($35
blockbuster action video games, with And Foreign Minister Chrystia a mistake.” billion) and ultra-low interest rates
imagery getting richer and fight me- Freeland, who is traveling to Wash- The bust-up has sent relations be- are designed to stoke growth in the
chanics smoother due to improving ington on Wednesday to try to sal- tween the US and Canada, histori- 19-nation single currency area and
technology. There was no shortage of vage the North American Free Trade cally the closest of allies and trading power inflation to their target of
bloody battle in games spotlighted at Agreement, also emphasized the need partners, to a new low. just below 2.0 percent. Growth has
media events hosted by video game for calm. On Tuesday, Trump barely let up, picked up across the bloc, although at
industry titans in the days leading up “From day one, we have said that telling reporters in Singapore, after a slower pace in early 2018 than last
to E3 showcase. we expected moments of drama and his summit with North Korea’s Kim year -- 0.4 percent between January
And a hot video game trend now that we would keep calm and carry on Jong Un, that while the G7 summit and March compared with 0.7 percent
is “Battle Royale” death-match throughout this drama,” she said. was “good” Trudeau’s critical com- in the previous three months.
games such as “Fortnite” and “Play- But a source close to Trudeau told ments would cost Canada “a lot of Meanwhile, eurozone price growth
erUnknown’s Battlegrounds” in AFP Canada was “prepared for all money.” The only hint of a softening surged to 1.9 percent in May, in line
which players vie against one another eventualities.” came when Peter Navarro, the White with the ECB’s target.
to be the sole survivor. “If the US decides to apply new House economic advisor, apologized “Core” inflation discounting the
Shooting and swordplay have long tariffs, Canada will be ready,” the of- for saying there was a “special place most volatile elements remains weak,
been staples in a global video game ficial said. in hell” for Trudeau. but the data suggest that over 2.4 tril-
industry that the Entertainment Soft- Bitter differences over trade domi- Trump, meanwhile, renewed his lion euros of “quantitative easing”
ware Association said took in a total nated the summit Trudeau hosted criticisms of Canada’s protection of (QE) or mass bond-buying since
of $116 billion worldwide last year. over the weekend, with leaders of its dairy sector, saying: “It’s very un- 2015 has dispelled the risk of defla-
Violence in games has the trade the world’s largest economies lining fair to our farmers, and it’s very un- tion, or a downward spiral of prices
group working to make sure politi- up against Trump’s threats to impose fair to the people of our country.” braking economic activity.
cians including US President Donald stiff tariffs on imported steel and alu- “We need to focus on the facts,” At their Thursday meeting in Lat-
Trump understand that there is no minum. and recall that Washington protects vian capital Riga, “the governing
link between that kind of play and An angry Trump refused to sign a its industries too, a senior Canadian council will have to assess whether
what people do in the real world, ESA joint statement issued at the end of official said, pointing to US agricul- progress so far has been sufficient to
chief executive Michael Gallagher the summit, and he and his top aides tural subsidies. warrant a gradual unwinding of our
told AFP on Monday. assailed Trudeau, accusing him of “The important thing for the Amer- net purchases” of bonds, top ECB
Trump and the ESA met earlier this dishonesty and betrayal. icans to understand is that our econo- economist Peter Praet said last week.
year after a slaughter at a US high Trudeau had said using national se- mies and industries are highly inte- Central bank President Mario
school. Some blamed violence in me- curity as a justification for tariffs was grated” and that tariffs would be very Draghi has until now said governors
dia such as video games, not access to “kind of insulting” to Canadian vet- bad for both sides, said the official, did not even discuss a possible exit
guns, for such shootings. erans who had stood by their US al- speaking on condition of anonymity. from QE at their gatherings. That
makes the topic’s appearance on the
“That is a valid and fair criticism of Tesla’s history to date” agenda an important signal that the
end is approaching. “After Praet’s re-
Tesla cutting 9% of staff; layoffs not to affect Model 3 production markable speech, we expect a very ex-
Electric carmaker Tesla Motors an- The layoff affects almost 4,000 industries. The company’s stock is up citing meeting on 14 June,” ING Diba
nounced Tuesday it was cutting nine workers, based on figures supplies by about 15 percent since June 5, when bank economist Carsten Brzeski said.
percent of its workforce to enhance the company. Musk said last month Musk signaled that the company would But policymakers may not yet be
profitability but said the move would that the company would conduct a likely meet a goal of producing 5,000 convinced that the time is right to re-
not affect an ambitious production “sort of reorganization” but did not Model 3 sedans by the end of June. move the training wheels completely.
ramp-up of its Model 3 sedan. discuss specifics. Shares had also risen Monday after The current list of threats to the
The job cuts are part of a company- Musk said Tuesday the company Musk said on Twitter the company’s eurozone ranges from the new Italian
wide restructuring to address excess would continue to hire for critical updated Autopilot software coming government’s unpredictable spending
staff in some areas due to the compa- roles and that finding additional pro- in August would enable “full self- policies, which could pitch the bloc’s
ny’s speedy growth, Tesla chief Elon duction staff remained a priority. driving features.” third-largest economy into a financial
Musk said in an email to employees. Musk said on Twitter that the de- Shares of Tesla rose 3.3 percent in crisis, to the prospect of a failure to
The cuts concern salaried staff but cision to cut jobs was “difficult but afternoon trading to $343.00 reach a Brexit deal with London.
not production workers and will not necessary.” Founded in 2003 by a group of en- An acrimonious end to the G7
affect Model 3 output targets, said The Tesla chief has at times gineers drawn to electric cars, Tesla summit on Saturday heightened the
Musk, who characterized the down- clashed with Wall Street analysts went public in 2010 and began deliv- risk of a tit-for-tat trade war between
sizing as an acknowledgement of the over an aggressive cash burn rate that ering the Model S sedan in 2012. EU nations and US President Donald
need to focus more on costs. has fed skepticism over whether the However, the company’s first two Trump, while higher oil prices could
“Given that Tesla has never made company can reach its goals after the major vehicles both sell for around weigh on future growth.
an annual profit in the almost 15 company earlier missed several key $75,000 or more, whereas the Mod- Against that background,” “a ‘flex-
years since we have existed, profit benchmarks for the Model 3. el 3 starts at $35,000 and had been ible tapering’ (winding down bond
is obviously not what motivates us,” Just six weeks ago, Musk was in billed as the first electric car aimed at purchases) announcement is more
Musk said in the message. the doghouse with many Wall Street the middle market. likely than an unconditional com-
“What drives us is our mission to analysts after he abruptly cut off an Since that time, General Motors mitment to an end date for QE,” on
accelerate the world’s transition to earnings conference call because of has also launched a model for this Thursday, he predicted. “We still
sustainable, clean energy, but we will “dry” and “bonehead” questions that market, the Chevrolet Bolt. don’t think the ECB will easily give
never achieve that mission unless dug into capital spending details. GM chief Mary Barra announced away flexibility and room for ma-
we eventually demonstrate that we But others on Wall Street and be- Tuesday that the company planned noeuvre on QE,” Brzeski agreed. An-
can be sustainably profitable,” Musk yond view the charismatic Tesla chief to boost production of the Bolt to alysts are divided about what exactly
added. as a visionary, sometimes comparing meet demand and reiterated plans to such flexibility would look like, and
“That is a valid and fair criticism of him to Apple co-founder Steve Jobs launch more than 20 new electric ve- whether policymakers will make their
Tesla’s history to date.” and others who have also disrupted hicles worldwide by 2023. move this month or next.

Page 5 Wednesday June 13, 2018
The 33-year-old sealed his win in emphatic style, holing out for an eagle at the 72nd hole World Cup
Confident Johnson eyes second major at US Open Ref bosses insists
VAR will help
Dustin Johnson likes the view from Despite lingering doubts about the
the top, and the long-hitting Ameri- use of video assistant referee (VAR)
can says there’s no downside to arriv- in Russia, FIFA’s refereeing bosses
ing at the 118th US Open as the num- insisted on Tuesday that it will help --
ber one ranked player in the world. not hinder -- officiating at the World
“If anything, it takes pressure off Cup.
me just because I played well last The VAR system has been the
week,” Johnson said Tuesday at Shin- source of confusing decisions and
necock Hills, where the year’s second long delays while situations are
major tees off on Thursday. checked during testing in both the
Johnson, toppled from the number German Bundesliga and Serie A.
one spot last month by Justin Thom- FIFA director of referees Massimo
as, regained the summit on Sunday Busacca admits the system has been
with a storming six-shot victory in rushed in for the World Cup, but in-
the US PGA Tour FedEx St. Jude sists officials are ready and VAR will
Classic in Memphis. help referees make better decisions in
The 33-year-old sealed his win in Russia.
emphatic style, holing out for an ea- “We ran very fast getting it ready,
gle at the 72nd hole. but we are convinced of it,” said
“I had a lot on the line on Sunday,” Busacca at a press conference in
Johnson said. “I knew it. I knew if I Moscow.
go out and win the golf tournament, I Dustin Johnson of the United States plays a shot from a bunker on the eighth hole (AFP) “We are ready, we know we must
go back to number one. it’s a spot where all golfers want to “It was definitely getting frustrat- be ready as there can be no experi-
“To go out and play the way I did, be. It’s definitely a spot where I want ing, because I felt like I was hitting ments here.”
especially on the back nine, was defi- to be. So it’s motivation to keep me a lot of good putts that weren’t go- Busacca compared the VAR to the
nitely a big confidence boost for me working hard and keep doing the ing in the hole. And I was also hit- teams vying for the trophy in Russia.
coming into this week.” things I’m doing.” ting a lot of bad putts that had no “It’s like a team who didn’t play
Johnson, who won the 2016 US Johnson opened 2018 with an im- chance of going in the hole,” John- well before a World Cup, made mis-
Open at Oakmont in a long-awaited pressive victory in the Tournament of son said. “Frustrating -- very frus- takes but now plays much better,”
major breakthrough, had reached Champions in January. trating.” said the Swiss ex-ref.
number one in February of 2017 and He scattered four top-10 finishes With a solid win behind him -- “No national team arrives at the
stayed there for 64 weeks before he among his next eight starts before Johnson posted four rounds in the 60s World Cup perfect - it’s the same
was supplanted by Thomas. his win in Memphis, a tournament at TPC Southwind -- he’s confident for us. We know that we have to im-
He’s not shy in saying the number he added to his schedule in a bid to he has the game to become the first prove.”
one ranking is a motivator for him. sharpen up his putting, which he felt player to win the US Open the week Busacca believes delays while situ-
“Absolutely,” Johnson said. “I think had been letting him down. after capturing a PGA Tour title. ations are checked are worth the sac-
rifice for lowering the risk of wrong-
FIFA The Stanley Cup-winning Washington Capitals ly-awarded goals.
He also said controversial scenes
Facts about North America Washington ‘rocks the red’ at parade for NHL champion Capitals will be replayed on screens at the
2026 World Cup bid The US capital was a sea of red on championship won by a major Wash- World Cup stadiums so fans can see
Tuesday as tens of thousands of ice
ington sports team since the Wash-
why decisions were reached.
The United States, Canada and Mex- hockey fans lined the streets to cel- ington Redskins of the National Foot- He revealed that VAR officials will
ico have launched a joint bid to co- ebrate the city’s first major champi- ball League in 1992. “It’s incredible,” wear full refereeing kit while sat in
host the 2026 World Cup, which will onship team in 26 years -- the Stanley said Caps fan Mark Kulkoskoi, who the viewing studio in Moscow, so
be voted upon by FIFA members in Cup-winning Washington Capitals. works in sales and marketing. they feel part of the action.
Moscow on Wednesday. Under sunny skies, the National “We love our hometown teams and “VAR officials sweat with the
The following is an overview of Hockey League (NHL) champions we haven’t had a championship here stress -- believe me,” added Pierlu-
the bid: paraded down Constitution Avenue to in some time. This is a big deal for igi Collina, chairman of the referees
Arguably the greatest strength of rousing cheers of “Let’s Go Caps! -- us.” committee at FIFA.
the North American bid is the vast accompanied by marching bands and Since their emotional victory, “They couldn’t go into the box
array of already-built stadia available even a few Zamboni ice resurfacing Ovechkin and his teammates have wearing a shirt, suit and tie - that is
to organisers, ranging from iconic machines. been partying nonstop, lugging the why they will be wearing the kit,”
World Cup venues such as Mexico Team captain Alex Ovechkin took Cup around town and drinking out explained the former top Italian ref.
City’s Azteca Stadium to state-of-the- a position of honor at the front of of it in various bars and restaurants Collina said it is time for the VAR
art large-capacity arenas. the roof of a double-decker bus, re- -- with posts on social media chroni- to prove it’s worth in the modern
A total of 23 venues -- three in peatedly lifting the glistening silver cling the festivities. game, “the time of action has come”,
Mexico, three in Canada, 17 in the 35-pound (15.8-kilogram) Stanley Several players were even spotted but he rejected the notion that it re-
US -- have made the final short list Cup into the air. splashing -- and drinking -- in a pub- moves some spontaneity.
of stadia which will be considered for Players tossed beads from the top lic fountain with their shirts off in the The presence of the VAR often
the tournament, which is expected to decks of buses to jubilant fans, many upscale Georgetown neighborhood. leaves players unsure whether to cel-
be the first 48-team FIFA World Cup. of them dressed in the red jerseys of Tuesday’s parade ended at a stage ebrate, or wait until the goal is given,
The average stadium capacity for their favorite players. set up on the picturesque National after hitting the back of the net.
the tournament is 55,000, with the The number “8” jersey worn by Mall -- with the Capitol building in the “Would you rather a wrong goal be
largest venue being the AT&T Sta- Ovechkin, the Russian-born winger background -- emblazoned with huge celebrated or would you want to cut
dium in Arlington, Texas, best known who won the Conn Smythe Trophy as letters reading “World Champions.” the celebration?” Collina asked re-
as the home of the Dallas Cowboys the most valuable player of the play- The team -- a virtual mini-United porters. “I think the outcome is what
NFL team. The stadium, which has offs, was by far the most popular. Nations featuring players from Aus- counts.”
a retractable roof, has a capacity of “Ovechkin for President,” read one tralia, Canada, the Czech Republic, However, the Italian side-stepped
92,467. The smallest venue is the banner on a fire truck. Denmark, Finland, Germany, Russia, the question whether referees had
45,000-capacity BMO Field in To- The Capitals secured the Cup last Sweden and the United States -- was been specifically briefed to halt games
ronto, the football-specific home of week by defeating the Vegas Golden introduced to the crowd one-by-one. - or even order the teams off - if, as
MLS Cup champions Toronto FC. Knights in the best-of-seven Stanley Last to take the stage was the in- feared, there are racist incidents in
US venues include the Pasadena Cup finals by four games to one. defatigable Ovechkin, lifting the Cup Russia. “There is a three-step proce-
Rose Bowl in Los Angeles, venue of The title is the first in the 44-year over his head once again to thunder- dure and they are ready to go through
the 1994 World Cup. history of the Capitals and the first ous cheers from the crowd. with it if need be,” said Collina.

Page 6 Wednesday June 13, 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 9 7 8 1 2 2 4 3 1

1 7 1 4 6

7 8 3 6 9 6 1

4 7 3 6 2 5 9

5 1 4 7 9 8
1 2 3 4 5 6
6 5 2 8 3 4 7 7 8 9 10 11
12 13
9 6 5 7 7 14 15 16 17 9 1
18 19 20
8 4 7 21 22 23 2 24 25
26 27 28
1 5 6 9 3 2 5 29 3 30 4 31 8
32 33 34 35
1 2 3 4 5 6 ACROSS DOWN
2 Lovers 1 Soar through the air
7 8 9 10 11
7 War and Peace author (2 wds.) 2 Shape
12 Lazy person 3 Aluminum (abbr.)
12 13 13 By 4 Canadian prov.
14 Destroy 5 Road (abbr.)
18 Before, poetically 6 Story
14 15 16 17 20 Member of an Arizona Indian tribe 8 Mr. __ (tv horse)
21 U.S. Air Force 9 First born
24 Time zone 10 Ball holder
18 19 20
26 The other you 11 Fertile desert area
29 Popular appliance brand 15 Mythical city
21 22 23 24 25 30 Monster 16 Loudness unit (abbr.)
32 Elusion 17 What you earn
36 Association (abbr.) 19 Laws
26 27 28 22 Scottish “one”
23 Paris locale
25 Dyes
29 30 31 26 Old
27 Adam's garden
28 Precious stone
32 33 34 35
31 __ line
33 Element
36 34 Like
35 Letter afterward
Fold Fold
ACROSS 1 9 4 7 5 2 8 3 6 DOWN 3 2 4 8 9 7 1 E S C A P E M E N T (52)8183105037
[email protected]
2 Lovers 6 7 9 4 8 1 2 5 3 7 1 Soar through the air C S T U S A F [email protected]
Information Source:
7 War and Peace author (2 wds.) 9 3 7 4 8 2 Shape 3 1 6 2 8 Agence France-Presse (AFP)
Printed and distributed locally in each hotel.
12 Lazy person 9 6 5 1 2 4 3 8 7 3 Aluminum (abbr.) 9 A T I D L E R All rights reserved.
Reproduction in whole or in part by any printed
or electronic without permission of the publisher.
13 By 2 4 1 8 3 7 9 6 5 5 4 Canadian prov. 8 2 M F A N S G
14 Destroy 5 Road (abbr.) Solution:
18 Before, poetically 6 Story
20 Member of an Arizona Indian tribe 8 Mr. __ (tv horse)
21 U.S. Air Force 9 First born
24 Time zone 10 Ball holder
26 The other you 11 Fertile desert area
29 Popular appliance brand 15 Mythical city
30 Monster 16 Loudness unit (abbr.)
32 Elusion 17 What you earn
36 Association (abbr.) 19 Laws
22 Scottish “one”
23 Paris locale
25 Dyes
26 Old
27 Adam's garden
28 Precious stone
31 __ line
33 Element
34 Like
35 Letter afterward

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