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☆ Opinion | Kamala Harris’s Epic Fail in Puerto Rico
▼ + stars: | 2024-03-28 | by ( Yarimar Bonilla | ) www.nytimes.com time to read: +1 min

Kamala Harris arrived in San Juan, P.R., last Friday for her first official visit as vice president. The trip was meant, in part, to highlight the Biden administration’s dedication to aiding the island’s recovery. Ms. Harris’s roughly five-hour visit began in the community of San Isidro, in the municipality of Canóvanas. Many of the residents lack land titles, which made them ineligible for the Federal Emergency Management Agency programs Ms. Harris aimed to promote. The area was originally an informal settlement built on public wetlands by those displaced after Hurricane Hugo in 1989.

Persons: Kamala Harris, Biden, ’ missteps, Harris’s, María Ramos de Jesús, Harris, Hugo, Ramos’s, Hurricane Maria Organizations: Department of Housing, Urban, Federal Emergency Management Agency, FEMA, Hurricane Locations: San Juan, P.R, San Isidro, Canóvanas, Puerto Ricans

☆ Ex-Honduras president Juan Orlando Hernández, former US ally, to stand trial in NY for alleged cocaine smuggling empire
▼ + stars: | 2024-02-20 | by ( Noah Hurowitz | Natalie Musumeci | ) www.businessinsider.com time to read: +13 min

Ex-Honduran President Juan Orlando Hernández will stand trial in New York on drug trafficking charges. Former Honduran President Juan Orlando Hernández in 2020. Juan Orlando Hernández, center in chains, is shown to the press at the Police Headquarters in Tegucigalpa, Honduras, Tuesday, Feb. 15, 2022. In this courtroom sketch, Juan Orlando Hernández, center, speaks into a microphone while pleading not guilty to drug trafficking and weapons charges in 2022. Juan Antonio "Tony" Hernández, the brother of Juan Orlando Hernández.

Persons: Juan Orlando Hernández, Hernández, —, Joaquín, Moises Castillo, Hernández's, James D, it's, Elmer Martinez, Hernández —, Juan Carlos Bonilla, Mauricio Hernandez Pineda, " Pineda, Bonilla, Pineda, Juan Antonio, Tony, Tony Hernández, Tony Hernández's, El Chapo, ledgers, Elizabeth Williams Hernández's, Pamela Ruíz, Rúiz, Cachiros, Hondurans, Devis Leonel Rivera Maradiaga, Alex Ardon, Fernando Antonio, Juan Orlando Organizations: Prosecutors, Service, AP, Embassy, of, Police, Honduran National Police, Central, International, Business, National Party, Sinaloa Cartel, Honduran Locations: Honduran, New York, Honduras, United States, America, Mexican, Manhattan, Tegucigalpa, Hernández, Southern, of New York, Washington, Brooklyn, Tigre, Miami, Colombia, El, Central America, El Paraiso, Guatemala, Sinaloa

On Tuesday, nearly two years after he was extradited to the United States, he pleaded guilty to drug trafficking in a federal court in New York. By pleading guilty to a single drug trafficking charge, Bonilla avoided a trial scheduled to begin Monday and likely a much longer sentence. U.S. District Judge Kevin Castel confirmed Wednesday that Hernández’s trial would begin Monday. Hernández was extradited to the U.S. in April 2022, just three months after leaving office, and faces drug trafficking and weapons charges. Hernández’s rise to lead Honduras’ congress and then to run for president was fueled in part by drug money, prosecutors allege.

Persons: Juan Carlos Bonilla, El, ”, Bonilla, Juan Orlando Hernández, Kevin Castel, Mauricio Hernández Pineda, Hernández’s, Marlon Duarte, Duarte, Hernández, General Merrick Garland, Hernández “, ” Bonilla, Porfirio Lobo Organizations: National Police, District, U.S . U.S, U.S, Prosecutors Locations: TEGUCIGALPA, Honduras, El Tigre, United States, New York, U.S, Honduran, Manhattan

☆ Colombia's Petro Denies Calling for Cabinet Resignations
▼ + stars: | 2024-02-01 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

Colombian presidents frequently request mass, 'protocol' cabinet resignations in order to make changes to the government, though these are not guaranteed. The three government sources said had Petro asked for the resignations of his ministers during a meeting on Wednesday evening. Rather than the president demanding their resignations, ministers offered to resign, Agriculture Minister Jhenifer Mojica said during a presentation near capital Bogota. Petro last called for ministers' resignations in April after a debate on a health reform was abandoned by the lower house of congress. (Reporting by Oliver Griffin and Luis Jaime Acosta; Additional reporting by Carlos Vargas; Writing by Oliver Griffin; Editing by Sandra Maler)

Persons: Oliver Griffin, Luis Jaime Acosta BOGOTA, Gustavo Petro, Petro, Jhenifer Mojica, Jorge Ivan Gonzalez, Ricardo Bonilla, Jose Antonio Ocampo, Luis Jaime Acosta, Carlos Vargas, Sandra Maler Organizations: Finance Locations: Bogota

☆ Moonfare cofounder brings new startup out of stealth with $10 million. The company wants to become the operating system for carbon credit projects.
▼ + stars: | 2024-01-30 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

The voluntary carbon market, where credits are traded, is tipped to reach $250 billion by 2050 as companies ramp up efforts to reach net zero. It also helps project developers communicate credit quality with third parties and manage orders, the company claims. The idea is that by streamlining administrative, manual tasks and bringing information into one place, carbon projects can come online more quickly and improve the supply-side crunch. The product was developed in partnership with two large carbon project developers while the company was in stealth mode, Argyros said. Louis Coppey, partner at Point Nine who led December 2023's cash injection into BlueLayer, touted it as the operating system or ERP for carbon project developers.

Persons: fintech Moonfare, BlueLayer, Alexander Argyros, Argyros, –, Vivian Bertseka, Al Gore's, Gerardo Bonilla, Louis Coppey Organizations: Business, Nine, Point Locations: Berlin, London, Athens

SAN BERNARDINO, Calif. (AP) — Prosecutors filed murder charges Tuesday against five suspects in the fatal shootings of six men at a remote dirt crossroads in the Southern California desert after what investigators said was a dispute over marijuana. The suspects each face six felony counts of murder with a special circumstance allegation of multiple murders, the San Bernardino County District Attorney's Office said in a statement. “This mass murder, done in a dark secluded desert, clearly illuminates the violence and crime that exists as a direct consequence of illegal marijuana operations,” District Attorney Jason Anderson said in Tuesday's statement. San Bernardino County Sheriff Shannon Dicus said Monday that the bodies were found in an area known for black market cannabis about 50 miles (80 kilometers) northeast of Los Angeles. Dicus said in 2023 his department served 411 search warrants for illegal marijuana grow sites countywide and recovered 655,000 plants and $370 million.

Persons: — Prosecutors, Jose Nicolas Hernandez, Toniel Beaz, Duarte, Mateo Beaz, Jose Gregorgio Hernandez, Jose Manuel Burgos Parra, Toniel Beaz Duarte, Mateo Beaz Duarte, Office didn't, Michael Warrick, Warrick, Jason Anderson, Bernardino County Sheriff Shannon Dicus, Dicus, Baldemar Mondragon, Franklin Noel Bonilla, Kevin Dariel Bonilla, Franklin Bonilla Organizations: BERNARDINO, Calif, —, San, San Bernardino County, Attorney's, Public, Office, Authorities, El, Trailblazer, Bernardino County Sheriff Locations: Southern California, San Bernardino, San Bernardino County, ”, Bernardino County, Los Angeles, Apple, Los Angeles County, Albarran, Adelanto, Hesperia, California, Riverside County

☆ Mojave Desert killings: 5 arrested after authorities find 6 people shot and killed in drug dispute
▼ + stars: | 2024-01-29 | by ( Christina Maxouris | Taylor Romine | ) edition.cnn.com time to read: +4 min

CNN —Authorities in southern California have arrested five men in connection to the grisly killings of six people discovered shot – and some of whom were also burned – last week in a remote area of the Mojave Desert. The killings appear to be connected to illegal marijuana, authorities said, though they did not release many details, as the case is being reviewed by the district attorney’s office. Warrick said the man told them in Spanish he had been shot but did not know where he was. Authorities served multiple search warrants throughout the investigation and recovered several firearms and other evidence, the news release said. “We are confident that this appears to be a dispute over marijuana, which resulted in the murders,” Warrick said.

Persons: –, Michael Warrick, Warrick, ” Warrick, Adelanto, ”, Franklin Noel Bonilla, Kevin Dariel Bonilla, Toniel Baez, Duarte, Mateo Baez, Jose Nicolas Hernandez Sarabia, Jose Gregorio Hernandez Sarabia, Jose Manuel Burgos Parra, “, San Bernardino County Sheriff Shannon D, Dicus, ” CNN’s Cheri Mossburg Organizations: CNN, Authorities, Deputies, California, Patrol, Baldemar Mondragon, San, San Bernardino County, Attorney’s Office, San Bernardino County Sheriff Locations: California, San Bernardino County, Spanish, Adelanto, Los Angeles, Albarran, San Bernardino

☆ Several Hundred Honduran Migrants Prepare to Travel North - Local Media
▼ + stars: | 2024-01-19 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

TEGUCIGALPA (Reuters) - Several hundred migrants have gathered at a bus terminal in northern Honduras in preparation to head towards the United States, local television reported on Friday, seeking to flee poverty and a lack of jobs in the Central American nation. Hoy Mismo news channel estimated that about 300 people had gathered at the Gran Terminal bus station in the northern city of San Pedro Sula, largely young people and families holding children. The caravan, expected to leave on Saturday, would mark the first such group of Honduran migrants traveling north during the administration of leftist President Xiomara Castro, who took office at the start of 2022. The government of Honduras estimates that about 64% of the country's 10 million inhabitants live in poverty. The Honduras migration and security ministries did not immediately respond to a request for comment.

Persons: Hoy, San Pedro Sula, Xiomara Castro, Wilfredo Bonilla, Gustavo Palencia, Sarah Morland, Edmund Klamann Organizations: Central, Gran Locations: TEGUCIGALPA, Honduras, United States, Central American, San Pedro

☆ Shohei Ohtani — deferring $680 million of his contract for 10 years — may face some financial risks, advisors say
▼ + stars: | 2023-12-14 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Shohei Ohtani, formerly of the Los Angeles Angels, pitches during a game in Anaheim, California, on July 6, 2021. Shohei Ohtani made history this week with a 10-year, $700 million contract to play for Major League Baseball's Los Angeles Dodgers. The Japanese superstar will receive $2 million per year over the 10-year agreement, which defers $68 million annually. But Ohtani will receive the bulk of his contract, $680 million in payments, between 2034 and 2043, without interest. For 2024, California's top tax rate climbs to 14.4%, which includes a 1.1% payroll tax on all income.

Persons: Shohei Ohtani, Ohtani, Bobby Bonilla, Ken Griffey, Eric Bronnenkant, Bronnenkant Organizations: Los Angeles Angels, Major League Baseball's Los Angeles Dodgers, MLB, Finance Locations: Anaheim , California, California

Portland Public Schools students missed 11 days of school before the district began its weeklong Thanksgiving break. “This contract is a watershed moment for Portland students, families, and educators” said Portland Teachers Association President Angela Bonilla. The Portland Association of Teachers, which represents more than 4,000 educators, said it was the first teachers strike in the school district. Portland Public Schools repeatedly said it didn’t have the money to meet the union’s demands. Oregon lawmakers approved in June a record $10.2 billion K-12 budget for the next two years, but school district representatives said that wasn’t enough.

Persons: —, Guadalupe Guerrero, ”, Angela Bonilla, ABC's, “, haven't Organizations: —, Portland Public Schools, Portland, Portland Teachers, “, Educators, Oregon Public Broadcasting, “ Abbott, Facebook, Portland Association of Teachers Locations: PORTLAND, Oregon

☆ The US dollar is central to Argentina's plan to fix its broken economy. There's just one hitch.
▼ + stars: | 2023-11-22 | by ( George Glover | ) www.businessinsider.com time to read: +5 min

Argentina's new president Javier Milei wants to adopt the US dollar to tame sky-high inflation. There's a major problem with his plan to revive the ailing South American economy. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRight-wing economist Javier Milei won Argentina's presidential runoff Sunday – and that means the country could soon ditch the peso for the US dollar. Under the president-elect's plan, the government would scrap the peso and replace it with the dollar.

Persons: Javier Milei, doesn't, —, Milei, Mary, Read, John Hopkins, Steve Hanke, Guillermo Ortiz, Nora Mazzini, Lucila Bonilla Organizations: Service, Central Bank of, US Federal Reserve, International Monetary Fund, Bank, Reuters, Bloomberg, Bank of Mexico, Economics, Oxford Economics Locations: Central Bank of Argentina, Ecuador, El, Panama, Argentina, Mar del Plata, Argentine

☆ This is the world's next major election. The winner has to fix chronic hyperinflation and halt a 6th recession in 10 years.
▼ + stars: | 2023-11-11 | by ( George Glover | ) www.businessinsider.com time to read: +9 min

AdvertisementAdvertisementArgentina is getting ready to choose its next president — and the country's economy is a mess. Triple-digit inflationSoaring prices are perhaps the best-known problem plaguing Argentina's economy, but far from the only issue that policymakers are battling. The currency is managed by Argentina's central bank. If, or more likely when, Argentina's economy slips into another recession, it'll be the sixth such occurrence in the past decade. His proposed policies include abolishing Argentina's central bank altogether and adopting the dollar, which economists have warned could end up pushing the country even closer to a default.

Persons: —, Sergio Massa, Javier Milei, Manuel Cortina, Lucila Bonilla, Bonilla, they've, Kimberley Sperrfechter, There's, there's, Massa, Cristina Sille, Donald Trump, Bolsonaro, they'll, Sperrfechter Organizations: Service, Union, Homeland, Triple, Consumer, National Institute of Statistics, Argentinian, Oxford Economics, The Central Bank of, International Monetary Fund, Reuters, World Bank, FX, Central Bank of, Peronist Locations: Argentina, American, Buenos Aires, Central Bank of Argentina

The average salary for a Portland teacher is $87,000, according to Portland Public Schools, slightly above the area median income for a single person and below the median for a family of four. Portland Public Schools has offered raises of 4.5 percent for the first year, and 3 percent in subsequent years of the contract. The strike in Portland may set the tone for other districts in Oregon that are also struggling to finalize new labor agreements. The union has encouraged parents to make plans for child care while 81 schools in the district are closed. Portland Public Schools is making meals available for pick up at certain schools.

Persons: ”, Angela Bonilla, Tina Kotek, “, Long Organizations: Portland Association of Teachers, Portland Public Schools, Gov, Democrat Locations: Portland, Oregon, Salem

☆ Colombia eyes two rate cuts before year-end, finance minister says
▼ + stars: | 2023-10-14 | by ( Jorgelina Do Rosario | Thomson Reuters | Jorgelina Do Rosario Is Emerging Markets Correspondent At Reuters Based In London | ) www.reuters.com time to read: +2 min

"The expectation is for another cut in December," Bonilla told Reuters on the sidelines of the World Bank and International Monetary Fund meetings in Marrakech. "The message of reducing the key rate is for all the banks, because today the rate is an obstacle for economic recovery," he added. The central bank held the key rate steady at 13.25% in September for the third time in a row, citing stubborn inflation. That was down from highs in 2022, but still more than double the central bank's long-term target of 3%. The central bank's technical team expects Colombia's economy to grow 0.9% this year, compared with an expansion of 7.3% in 2022.

Persons: Ricardo Bonilla, Susana Vera, Bonilla, Gustavo Petro, Jorgelina, Julia Symmes Cobb, Mark Potter, Helen Popper Our Organizations: Colombia's, Reuters, International Monetary Fund, World Bank, REUTERS, Rights, Colombian Finance, Thomson Locations: Marrakech, Morocco, Rights MARRAKECH, Israel, Hamas, Rosario

☆ A microbiologist explains where and what she won't eat to avoid food poisoning
▼ + stars: | 2023-09-29 | by ( Primrose Freestone | The Conversation Uk | ) www.businessinsider.com time to read: +8 min

Every year, around 2.4 million people in the UK get food poisoning– mostly from viral or bacterial contamination. Eating outdoorsI rarely eat alfresco – whether picnics or barbecues – as the risk of food poisoning goes up when food is taken outdoors. For barbecues, meat needs to be thoroughly cooked, and a meat thermometer is a good investment to avoid food poisoning. AdvertisementAdvertisementIt is also possible to pick up food poisoning from eating any raw shellfish (clams, mussels, whelks, cockles). The benefits of being a microbiologist are that we know how to avoid food poisoning and, in return, people have confidence our cooking is very safe to eat.

Persons: Primrose Freestone, —, I'm, Silas Stein, Lisa Marion Smith, Francisco Bonilla Organizations: Service, Getty, US Centers for Disease Control, Reuters, University of Leicester Locations: San Pancho, vibriosis

☆ Opinion | A Legacy of Colonialism Set the Stage for the Maui Wildfires
▼ + stars: | 2023-08-27 | by ( Yarimar Bonilla | ) www.nytimes.com time to read: +2 min

Hawaii residents, like Puerto Ricans, who faced disasters before them, are not asking to be saved. They ask only to be allowed to help themselves in the face of failing emergency services and federal aid. But the entrenched vulnerabilities produced by colonialism are not so easily overcome. For example, some residents have been begging tourists to stay away as the community recovers. It will only worsen if weeks of absent federal aid turn into months of bureaucratic labyrinths and endless red tape, as has happened so often.

Persons: Hurricane Maria Organizations: Puerto Ricans, Hurricane, FEMA Locations: Hawaii, Puerto, The State

☆ Opinion | Enrique Tarrio Is a Curious Case of Latino White Supremacy
▼ + stars: | 2023-08-19 | by ( Yarimar Bonilla | ) www.nytimes.com time to read: +2 min

Mr. Tarrio’s case seems particularly vexing given his Afro-Cuban heritage, but being Hispanic does not insulate you from racism. Some people simply “don’t see themselves as what they are,” Ana Navaro said on “The View” in May. For many of us, filling out a job application or medical form can lead to an existential crisis. Mr. Tarrio himself employed this logic in his defense, claiming that he cannot be a white supremacist because he is of Cuban descent. After all, Eurocentrism and racism has been a hallmark of most Latin American nations.

Persons: Tarrio’s, ” Ana Navaro, Tarrio, Trump Organizations: Dominican Locations: Cuban, Miami, Latin America, United States, Dominican Republic

☆ A Miami Gen Zer skipped traditional college and kicked off his career with a 2-year training program. Now he works at Ford and is certified to service EVs.
▼ + stars: | 2023-08-08 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Carlos Bonilla, 22, enrolled in a two-year automotive technician training program with Ford. According to Bonilla's tuition bills viewed by Insider, he paid roughly $9,000, and it was not reimbursed. As a result, the ASSET program has incorporated more electric vehicle instruction into its curriculum, a Ford representative told Insider. Even though he's done with the program, Bonilla has had other opportunities to continue his education in the field. He said his dealer paid for him to get a variety of certifications, including one that allows him to work on hybrid and electric vehicles.

Persons: Carlos Bonilla, —, Carlos Bonilla Carlos Bonilla, Bonilla, Carlos Bonilla Carlos Bonilla Bonilla, He's, he'll, he's Organizations: Ford, Service, Lincoln, Royal Lincoln, of Labor Statistics Locations: Wall, Silicon, Miami, doesn't

☆ Colombia's central bank cuts 2023 forecasts for inflation, growth
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Luisa GonzalezBOGOTA, Aug 2 (Reuters) - The technical team of Colombia's central bank on Wednesday lowered its outlook for inflation in 2023 to 9%, from 9.5% previously, and cut its forecast growth for Latin America's fourth-largest economy to 0.9%. The technical team previously forecast Colombia's economic growth at 1% for this year. Colombia's 12-month inflation through June 30 hit 12.13%, slightly below the 12.2% expected by analysts who were consulted for a Reuters poll. The technical team forecast that inflation would end 2024 at 3.5%, close to the bank's long-term target of 3%, but above a previous forecast of 3.4%. The current economic context suggests the board should maintain a contractive stance on monetary policy to bring inflation towards the target, the report added.

Persons: Luisa Gonzalez BOGOTA, Ricardo Bonilla, Gustavo Petro, Nelson Bocanegra, Oliver Griffin, Leslie Adler, Christopher Cushing Organizations: REUTERS, Thomson Locations: Bogota, Colombia

☆ Colombia's central bank cuts 2023 inflation forecast to 9%
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Luisa GonzalezBOGOTA, Aug 2 (Reuters) - The technical team of Colombia's central bank on Wednesday lowered its outlook for inflation in 2023 to 9%, from 9.5% previously, citing a recent slowing of consumer price growth. The team also now expects Latin America's fourth largest economy to post growth of 0.9% this year, compared with a previous forecast of 1%. Colombia's 12-month inflation through June 30 hit 12.13%, slightly below the 12.2% expected by analysts who were consulted for a Reuters poll. The technical team forecast that inflation would end 2024 at 3.5%, close to the bank's long-term target of 3%, but above a previous forecast of 3.4%. Reporting by Oliver Griffin and Nelson Bocanegra; Editing by Sandra Maler and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Luisa Gonzalez BOGOTA, Ricardo Bonilla, Gustavo Petro, Oliver Griffin, Nelson Bocanegra, Sandra Maler, Leslie Adler Organizations: REUTERS, Thomson Locations: Bogota, Colombia

☆ City in Mexico Bans Performances of Songs With Misogynistic Lyrics
▼ + stars: | 2023-08-02 | by ( Jesus Jiménez | More About Jesus Jiménez | ) www.nytimes.com time to read: +1 min

Fed up with persistent violence, officials in the city of Chihuahua in northern Mexico approved a ban last week forbidding musical acts from performing songs with lyrics that degrade women. Mayor Marco Bonilla of Chihuahua said in an video update last week that the law banned the performance of songs that “promote violence against women” or encourage their discrimination, marginalization or exclusion. Mr. Bonilla said that those who violate the ban could face fines ranging from 674,000 pesos to 1.2 million pesos, or between about $39,000 and $71,000. The City Council approved the ban unanimously on Wednesday amid a rise in killings of women across Mexico in recent years, and as Chihuahua, a city of about 940,000 residents, is struggling with its own cases of violence against women. Recently, Mr. Bonilla said, about seven out of 10 calls to 911 in Chihuahua have involved cases of domestic violence, particularly against women.

Persons: Marco Bonilla, ”, Bonilla Organizations: Council Locations: Chihuahua, Mexico

☆ Mexican city will fine anyone performing misogynistic songs
▼ + stars: | 2023-08-02 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

CNN —Authorities in the Mexican city of Chihuahua have moved to ban performances of songs that “promote violence against women,” citing high levels of domestic violence. The law bans the performance of songs that promote violence against women, as well as their discrimination, marginalization or exclusion, said Bonilla. Narcocorridos and corridos tumbados, types of homegrown Mexican music linked to violence and the drug trade, could also be affected. In 2012, the city banned popular Mexican group Los Tigres del Norte after the band played three songs categorized as narcocorridos. Chihuahua city is the capital of Chihuahua state in northern Mexico.

Persons: Marco Bonilla, ” Bonilla, Valerie Macon, ”, Bonilla, councilwoman Paty Ulate, Ulate, “, corridos, Natanael Cano, Andrés Manuel López Obrador, corridos tumbados Organizations: CNN, Authorities, Facebook, Getty, Instituto Municipal de, Tigres del Norte, Ciudad Juárez Locations: Mexican, Chihuahua, AFP, Mexico, Ciudad

Mr. Couverthier’s old boss told him the previous super at a building on West 72nd Street was retiring after almost 30 years. The previous super didn’t live in the building full-time, but Mr. Couverthier knew he didn’t only want a full-time job, he wanted to build a home. Since then, his job has been a to-do list that never ends, filled with routine maintenance and the unexpected: A call is a crack on the fifth floor. He usually sends voice notes of incomplete tasks to Ms. Diaz as a way to save them in his phone. Sometimes he writes them on a whiteboard calendar, but mostly, he writes his daily to-do list on his left hand, as he drinks his morning coffee and watches ESPN.

Persons: Ismael Bonilla, Mr, Diaz, Couverthier, didn’t Organizations: New, Riverside Park, ESPN Locations: New York City, Central

☆ Colombia gov't risks incompliance with fiscal rule - committee
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +2 min

BOGOTA, July 10 (Reuters) - Colombia risks falling out of compliance with its fiscal rule through greater spending proposed for 2024 and the financial impact of reforms being debated in Congress, an independent committee warned on Monday. Finance Minister Ricardo Bonilla has said the government would respect the 2011 rule which imposes constraints on fiscal policy to block deterioration of public finances. The finance ministry in June presented its medium-term fiscal framework (MFMP), noting that the deficit could increase to 4.5% of Gross Domestic Product in 2024. It revised its debt targets upwards and adjusted its fiscal deficit forecast for 2023 up to 4.3% of GDP from 3.8% originally. The expert Autonomous Fiscal Rule Committee (CARF) said spending increases planned for this year and next could put greater pressure on Colombia's finances and reverse success in reducing the deficit following the coronavirus pandemic.

Persons: Ricardo Bonilla, Gustavo Petro, Nelson Bocanegra, Oliver Griffin, Richard Chang Organizations: . Finance, Gross, Thomson Locations: BOGOTA, Colombia

☆ While investors can't expect a deal like former baseball star Bobby Bonilla, they can use an annuity to create a stream of income in retirement
▼ + stars: | 2023-07-01 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

Infielder Bobby Bonilla of the MLB's New York Mets at a game against the Los Angeles Dodgers at Dodger Stadium, July 25, 1993. Stephen Dunn | Getty Images Sport | Getty ImagesFormer Major League Baseball player Bobby Bonilla collects a $1,193,248.20 check from the New York Mets every July 1, and he'll continue to do so until 2035. In fact, ever since, July 1 has been known as Bobby Bonilla Day. Annuities provide a guaranteed stream of incomeAn annuity is a lump sum of money, often taken out of a retirement plan, which is converted into a future stream of income, or annuitized. The allure for investors is a guaranteed stream of income, much similar to Social Security or pensions.

Persons: Bobby Bonilla, Stephen Dunn, hasn't, Bonilla, they've, Louis Barajas, Limra, Barajas Organizations: New York Mets, Los Angeles Dodgers, Dodger, Getty, Major League Baseball, Mets, International Private Wealth, CNBC's, Finance, Social Security, ., Barajas, American Council of Locations: Irvine , California, Barajas

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