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☆ Markets 'complacent' about the risks of a Trump win, strategist says
▼ + stars: | 2024-01-23 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

Mike Segar | ReutersMarkets are "fairly complacent" about the risks of a second Donald Trump presidency, which could trigger a "tantrum" in long-duration bond markets, according to Guillermo Felices, principal and global investment strategist at PGIM. watch nowSome analysts are also looking ahead through a fiscal and geopolitical lens to November's U.S. presidential election and beyond. 'Fiscal risk' at a time of high deficit The crucial point, Felices acknowledged, is America's deteriorating fiscal position in recent decades. "The market is not really focusing too much on the potential upside risks to yields that are associated with this potential repricing of term premia. [Having] fiscal risks with the sort of deficit that the U.S. is running is a really, really important one that the market will have to come to terms with again."

Persons: Donald Trump, Mike Segar, Guillermo Felices, Felices, Trump, Fitch Organizations: U.S, Republican, New, Reuters, Dow Jones Industrial, Federal, Fed, CNBC, Trump, Bank of England Locations: New Hampshire, Rochester , New Hampshire, U.S

☆ Treasury yields fractionally higher ahead of key data releases
▼ + stars: | 2024-01-23 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

ET, the yield on the benchmark 10-year Treasury note was around 1.7 basis points higher at 4.1109% while the yield on the 30-year Treasury bond was up just over 1 basis point at 4.3284%. U.S. Treasury yields nudged slightly higher on Tuesday morning, as market participants await the release of key economic data points later in the week. Investors are trying to gauge when the Federal Reserve will begin cutting interest rates, which will be a key determinant of the trajectory for markets and the economy this year. Despite the uncertain rate outlook, risk-on sentiment remained robust on Monday, as the Dow Jones Industrial Average and the S&P 500 both notched all-time highs. Auctions will be held Tuesday for $46 billion of 52-week Treasury Bills and $60 billion of 2-year notes .

Persons: that's, it's, Guillermo Felices, CNBC's Organizations: U.S, Treasury, Investors, Federal Reserve, Commerce, Dow Jones Industrial, Global Investment, Treasury Bills

☆ Despite being a film about female empowerment, 'Barbie' Oscar nominations heavily favored men (and Ken)
▼ + stars: | 2024-01-23 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +3 min

For example, Ryan Gosling received a best supporting actor nomination, but Margot Robbie was snubbed. These include a few pleasant surprises, like best picture and best supporting actress for America Ferrera, who delivers a moving feminist monologue at the movie's climax. But Ryan Gosling nabbed a nomination for best supporting actor as Ken, the heroine's sidekick who becomes obsessed with the power of patriarchy. Related storiesThis might feel like déjà vu for Gerwig, who was similarly snubbed for her direction of best picture nominee "Little Women" in 2020, despite the film being nominated for best picture, best adapted screenplay, best actress, best supporting actress, best original score, and best costume design. Last week, "I'm Just Ken" won best song at the Critics Choice Awards, beating "What Was I Made For?"

Persons: Oscar, Barbie, Ryan Gosling, Margot Robbie, —, America Ferrera, Ryan Gosling nabbed, Ken, Greta Gerwig, Justine Triet, Gerwig, Guillermo del Toro, Jon Kopaloff, Noah Baumbach, who's, Greta, Ken's, Billie Eilish, Gosling, Mark Ronson, Andrew Wyatt, would've, Ronson, Wyatt Organizations: Service Locations: Lipa

CNN —Two journalists imprisoned in Iran following their coverage of the death of Mahsa Amini, which sparked nationwide protests in 2022, have been temporarily released on bail, according to state-run media. Convicted in October, Niloofar Hamedi and Elaheh Mohammadi are currently awaiting a verdict on their appeals, according to Iran’s state-run news agency IRNA. But the women were allowed to leave their Tehran jail on Sunday with a bail of 10 billion tomans each (nearly $200,000 each), IRNA reported. Mohammadi was arrested after reporting on Amini’s funeral, according to RSF and the United Nations. “UNESCO welcomed the release on bail today of Iranian journalists Niloofar Hamedi and Elaheh Mohammadi, two of the three laureates of the 2023 UNESCO/Guillermo Cano Press Freedom Prize.

Persons: Mahsa, Niloofar, IRNA, Hamedi, Mohammadi, Amini, ”, Hamedi’s, Mohamad Hosein Ajoroloo –, –, Amini’s, Amjad, “, Sherif Mansour, Guillermo Cano, Elaheh Mohammadi, —, Niloofar Hamedi Organizations: CNN, United Nations, Committee, Protect Journalists, UNESCO, TIME, Sunday, “ UNESCO Locations: Iran, Tehran, United States, Islamic Republic of Iran, IRNA, East, North Africa

☆ Former researcher alleges Harvard forced her out to preserve Facebook donations
▼ + stars: | 2023-12-05 | by ( Eamon Javers | ) www.cnbc.com time to read: +13 min

WASHINGTON — Social media researcher Joan Donovan says she knows the exact moment her career began to go off the rails. "I got called into the principal's office and was questioned about why I'm talking about Facebook," Donovan said. In a statement to CNBC, Harvard Kennedy School Director of Public Affairs James Smith disputed Donovan's account of her departure. "The narrative is full of inaccuracies and baseless insinuations, particularly the suggestion that Harvard Kennedy School allowed Facebook to dictate its approach to research." Smith told CNBC that Harvard University and the Kennedy School continue to carry out misinformation and social media research to this day.

Persons: Harvard Kennedy, Joan Donovan, Donovan, John F, Frances Haugen, Haugen, Elliot Schrage, Schrage, Nick Clegg, Clegg, didn't, Douglas Elmendorf, Dean Elmendorf, Sheryl Sandberg, Sandberg, Elmendorf, Mark Zuckerberg, Priscilla Chan –, –, Zuckerberg's, Guillermo S, Hava, Eleanor V, Wikstrom, —, Chan, Public Affairs James Smith, Smith, Kennedy, Chan Zuckerberg, Donovan's Organizations: Harvard, Media Politics, WASHINGTON — Social, Harvard University, Kennedy School of Government, Dean's Council, CNBC, Meta, Facebook, Dean's, Kennedy School, Elmendorf, Harvard's Kennedy School, Twitter, Google, Washington Post, Initiative, Technology, Research, Whistleblower, Massachusetts, U.S . Department of Education's, Civil Rights, Harvard Kennedy School, Public Affairs, School, Kennedy, Media, Politics, Public, Tech, Chan Zuckerberg Initiative Locations: Malden, Harvard, Central, Dean's, FBarchive.org

☆ Sam Altman suddenly looks less powerful. The panic caused by OpenAI's near-death experience is to blame.
▼ + stars: | 2023-11-30 | by ( Alistair Barr | ) www.businessinsider.com time to read: +6 min

VCs threatened to sue OpenAI's board, and some jockeyed to get in on whatever new situation might replace the fizzled startup. And in OpenAI's case, Altman was brought back as CEO and all the employees stayed. AdvertisementUntil this moment, the consensus was that Altman came through this crisis looking even more powerful and crucial to OpenAI's future. 'The company will be totally fine without me'Silicon Valley just realized that the fate of the world's most important AI company rested in the hands of just one person. The startup's near-death experience unsettled the companies and developers that have come to rely on OpenAI's artificial intelligence platform.

Persons: OpenAI, Altman, —, Sam Altman, VCs, OpenAI's, Wesley Chan, Claude, Guillermo Rauch, Rauch, pinged Rauch, –, Bret Taylor, Madeline Renbarger Organizations: Service, Microsoft, FDIC, FPV Ventures, Google, Services Locations: Silicon Valley, It's

MEXICO CITY (AP) — Lawyer Isabel Lazo’s jobs are being systematically canceled by Nicaragua’s increasingly repressive government. Lazo worked at a university before the government of President Daniel Ortega closed it. The couple lives in the northern city of Somoto, where Isabel Lazo now works for a European-backed NGO. Lazo said Thursday she is worried that it's only a matter of time for the group where she now works. She has wanted to emigrate for some time, but she helps her family by giving them some of what little money she earns.

Persons: Isabel Lazo’s, Nicaragua’s, Lazo, Daniel Ortega, Elizabeth Zechmeister, Guillermo Lazo, Ortega, Isabel Lazo, ”, ” Lazo, Rosemary Miranda, Miranda, ” Miranda Organizations: MEXICO CITY, Democracy, University of Northern, Roman Catholic, Nicaraguan, Cross, Jesuit, University of Central Locations: MEXICO, “, Americas, University of Northern Nicaragua, Somoto, Cuba, Haiti, Nicaragua, Venezuela, Nicaraguan, University of Central America, Managua

☆ New Ecuador president Noboa pledges reforms to reduce violence, create jobs
▼ + stars: | 2023-11-23 | by ( Alexandra Valencia | ) www.reuters.com time to read: +4 min

[1/2] Ecuador's President Daniel Noboa signs first decrees to appoint ministers, at the Presidential Palace (Palacio de Carondelet) on the day of his swearing-in ceremony, in Quito, Ecuador November 23, 2023. REUTERS/Karen Toro Acquire Licensing RightsQUITO, Nov 23 (Reuters) - Business heir and former legislator Daniel Noboa was sworn in as Ecuador's new president on Thursday, pledging to reduce violence and create jobs via urgent legislative reforms. Noboa will serve as president for just 17 months, finishing predecessor Guillermo Lasso's term after Lasso brought forward elections to avoid likely impeachment. DEBT AND SECURITYThough most of Noboa's cabinet was sworn in later on Thursday, the young president did not appoint a minister of economy and finance, leaving the position vacant. Noboa is the son of Alvaro Noboa, a powerful banana baron billionaire who repeatedly failed to win Ecuador's presidency.

Persons: Daniel Noboa, Karen Toro, Fernando Villavicencio, Noboa, Guillermo Lasso's, Lasso, Sariha Moya, Rafael Correa, Alvaro Noboa, Lavinia Valbonesi, Alexandra Valencia, Julia Symmes Cobb, Oliver Griffin, Marguerita Choy, Bill Berkrot Organizations: Carondelet, REUTERS, Rights, National Assembly, El, Social Christian Party, Citizens, Ecuador's, Thomson Locations: Quito, Ecuador, Rights QUITO, American, Noboa, Europe

☆ 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

Three-time All-Star relief pitcher Willie Hernández, who won the 1984 AL Cy Young and Most Valuable Player awards for the World Series champion Detroit Tigers, has died. He is among just 11 pitchers to win the Cy Young and MVP in the same year, edging Kansas City's Dan Quisenberry for Cy Young in 1984 and Minnesota's Kent Hrbek for MVP. “I will never forget our team’s celebration together on the mound after he recorded the final out of the 1984 World Series. He will always be remembered as a World Series champion. He was traded to Philadelphia during the 1983 season and pitched four scoreless innings in that year's World Series as the Phillies lost to Baltimore.

Persons: Willie Hernández, Cy Young, Chad Crunk, Hernández, Alan Trammell, Lou Whitaker, Jack Morris, Dan Quisenberry, Minnesota's Kent Hrbek, coaxing, Hall, Hall of Famer Tony Gwynn, Tigers haven't, “, ” Guillermo Hernández, couldn't, Dave Bergman, Glenn Wilson, John Wockenfuss, Hernandez, Mitch Albom, Frank Tanana, Guillermo, ___ Organizations: Cy, Detroit Tigers, Tigers, AL, Kansas City, San Diego, Kansas, Hall of Famer, ”, Chicago Cubs, Phillies, Detroit, Detroit Free Press Locations: Florida, Kansas, San, Aguada , Puerto Rico, Philadelphia, Baltimore

☆ With OpenAI's future in limbo, its startup customers are looking to jump ship to other AI models offered by rivals Anthropic and Meta
▼ + stars: | 2023-11-21 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +4 min

With Sam Altman's potential return to OpenAI still in question, one group is also left with a lot of uncertainty: OpenAI's startup customers. Those apprehensions were further worsened Monday, when over 700 of OpenAI's employees threatened to resign if he wasn't reinstated. This story is available exclusively to Business Insider subscribers. Several startup founders told Business Insider that they were considering switching to an open source model like Meta's Llama 2, or Anthropic's Claude. Still, several customers like Takeoff AI founder McKay Wrigley are switching to Microsoft's Azure service, which sells copies of OpenAI's models and other models.

Persons: Sam Altman's, OpenAI, Altman, wasn't, Claude, James Blackwell, McKay Wrigley, Sam Altman, Greg Brockman, Morgan Stanley, Wrigley, Charlie Dolan, he's, Anthropic, Guillermo Rauch, Matt McIlwain, We've, McIlwain, Alistair Barr Organizations: Business, Google, Services, Microsoft, OpenAI, Bank Locations: Anthropic

BUENOS AIRES, Nov 20 (Reuters) - Argentines expressed a mixture of ecstasy and trepidation on Monday after libertarian outsider Javier Milei, pledging radical fixes to the economy, swept to power with an election win over Peronist government rival Sergio Massa. "It's a great unknown," said Guillermo Toledo, a 51-year-old university professor in the capital Buenos Aires, who said he did not vote for Milei. Milei's win brought flag-waving crowds on Sunday night out to the Obelisk in downtown Buenos Aires, a traditional rallying point for supporters to cheer election or soccer wins. [1/2]Argentine president-elect Javier Milei's supporters celebrate after Milei wins the runoff presidential election, in Buenos Aires, Argentina November 19, 2023. Milei gives me hope things can change," Bernal said.

Persons: Javier Milei, Sergio Massa, Milei, Donald Trump, Jair, Guillermo Toledo, haven't, Milei's, Leandro Boses, Javier Milei's, Adriano Machado, Massa, Claudio Bernal, Bernal, Julia Eva Saggini, Mauricio Macri, Lucinda Elliott, Candelaria Grimberg, Rosalba O'Brien Organizations: Peronist, Argentine, REUTERS, Thomson Locations: BUENOS AIRES, Argentina, U.S, Buenos Aires

☆ Ecuador legislature begins new session, Noboa joins leftists for majority
▼ + stars: | 2023-11-17 | by ( Alexandra Valencia | ) www.reuters.com time to read: +2 min

Members of Ecuador's National Assembly take part in a session, the first since President Guillermo Lasso dissolved the assembly, to elect a new head of the legislature, in Quito, Ecuador November 17, 2023. The legislature was dissolved in May by outgoing President Guillermo Lasso to avoid his own likely impeachment, bringing forward legislative and presidential elections scheduled for 2025. Analysts say the coalition could help Noboa ensure he is able to govern - unlike his predecessor Lasso - during his truncated term. Noboa, who won a runoff election in October to beat Correa's protégé Luisa Gonzalez, will be sworn in next week. Reporting by Alexandra Valencia; Writing by Oliver Griffin; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.

Persons: Guillermo Lasso, Karen Toro, Daniel Noboa, Rafael Correa, Henry Kronfle, Noboa, ADN, Alfredo Espinosa, Fernando Villavicencio, Correa, Correa's protégé Luisa Gonzalez, Alexandra Valencia, Oliver Griffin, Richard Chang Organizations: Ecuador's National, REUTERS, Rights, National, Social Christian Party, PSC, Noboa's National Democratic, Thomson Locations: Quito, Ecuador, Rights QUITO

☆ Suarez returns to Uruguay squad, Cavani out injured
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +2 min

Marcelo Bielsa's 24-man list also included fellow striker Edinson Cavani but he has withdrawn after a muscle injury in Boca Juniors' 1-0 win over Newell's Old Boys on Sunday. Mexican club Leon's Federico Vinas has therefore been drafted in as a late replacement. The 36-year-old Suarez, who played his last game for Uruguay in the 2-0 win over Ghana in December at the World Cup, has made 137 international appearances, scoring 68 goals. The striker could return to the top of the all-time South American World Cup qualifying scoring charts, where he trails Argentina's Lionel Messi by two goals with a total of 31. Another record within reach is the number of games played for Uruguay in World Cup qualifiers, currently held by Diego Godin with 65 appearances, three more than the Gremio forward.

Persons: Uruguay's Luis Suarez, Edinson Cavani, Kai Pfaffenbach, Luis Suarez, Cavani, Marcelo Bielsa's, Leon's Federico Vinas, Suarez, Lionel Messi, Diego Godin, Sergio Rochet, Franco, Santiago Mele, Ronald Araujo, Jose Maria Gimenez, Bruno Mendez, Sebastian Caceres, Matias Vina, Sassuolo, Guillermo Varela, Mathias Olivera, Manuel Ugarte, Rodrigo Bentancur, Felipe Carballo, Nicolas de la, Federico Valverde, Giorgian de Arrascaeta, Agustin Canobbio, Maximiliano Araujo, Facundo Pellistri, Facundo Torres, Cristian Olivera, Darwin Nunez, Federico Vinas, Angelica Medina, Ken Ferris Organizations: Soccer Football, FIFA World, Qatar, Lusail, Edinson Cavani REUTERS, Boca Juniors, Newell's, Sunday, South, Argentina, Ghana, Gremio, Sporting, Atletico Madrid, Flamengo, Paris St, Tottenham Hotspur, Athletico Paranaense, Manchester United, Strikers, Angeles FC, Thomson Locations: Portugal, Uruguay, Lusail, Qatar, Bolivia, Internacional, Franco Israel, Barcelona, America, Paris, Paris St Germain, Nicolas de la Cruz, Real Madrid, Athletico, Toluca, Manchester, Orlando City, Angeles, Liverpool, Leon, Mexico City

☆ Tens of thousands protest across Spain at proposed Catalan amnesty
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +2 min

MADRID, Nov 12 (Reuters) - Tens of thousands of people protested across Spain on Sunday against acting prime minister Pedro Sanchez's plans to grant amnesty to Catalan separatists in exchange for support for another term in office. The government secured a deal with Catalan separatist party Junts on Thursday which includes passing a contentious law granting amnesty to those convicted over Catalonia's attempt to secede from Spain in 2017. "He (Sanchez) has betrayed coexistence, democracy...he can't keep governing," said banker Tomas Perez, 38, holding a sign reading "Sanchez traitor". After an inconclusive July 23 election, the Socialists spent weeks negotiating with smaller parties including far-left platform Sumar and Catalan, Galician and Basque nationalist parties. Reporting by Miguel Gutierrez and Guillermo Martinez; Writing by Jessica Jones; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

Persons: Pedro Sanchez's, Junts, Alberto Nunez Feijoo, Puerta, amnesties, Catalonia's, Sanchez, Tomas Perez, Inmaculada Herranz Castro, Miguel Gutierrez, Guillermo Martinez, Jessica Jones, Kirsten Donovan Organizations: People's Party, Authorities, Popular Party, Spain's, Socialists, Basque Nationalist Party, Thomson Locations: MADRID, Spain, Sol, Madrid, Spanish, EU, Barcelona, Granada, Seville, Malaga, Palma, Valencia, Galician, Basque

☆ Ecuador's incoming president picks new finance chief
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

Noboa, 35, has pledged to rebuild the South American country's ailing economy, create jobs and work to quell rising crime and violence largely blamed on organized crime. Moya will serve in a cabinet that the incoming president has pledged will feature an equal number of women and men. Noboa faces the challenge of a local economy that has struggled since the coronavirus pandemic, pushing thousands of Ecuadoreans to migrate. In October's run-off election, Noboa won about 52% of the vote, besting leftist adversary Luisa Gonzalez's 48% support. Reporting by Yury Garcia in Guayaquil; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

Persons: Daniel Noboa, Guillermo Lasso, Noboa, Karen Toro, Sariha Moya, Moya, Luisa Gonzalez's, Yury Garcia, Sandra Maler Organizations: Ecuadorian, REUTERS, Rights, Thomson Locations: Quito, Ecuador, Rights GUAYAQUIL, Noboa, United States, Guayaquil

The clashes led to chaotic scenes of people running amid smoke and trash containers thrown in the streets, Reuters video footage showed. Around 4,000 people attended the protest - including Spain's far-right party Vox leader, Santiago Abascal - and at least one person was detained, according to local media reports. The Socialists are reportedly nearing their negotiations with Puigdemont's party, Junts, while the proposed law has been fiercely criticized by conservative parties and judges who accuse Sanchez of jeopardizing the rule of law. The protest was organised by a Spanish nationalist grassroots organization and smaller protests took place in other Spanish cities such as Barcelona. "To attack the PSOE offices is to attack democracy and all those who believe in it," Sanchez posted on X, using the Socialist Party acronym in Spanish.

Persons: Pedro Sanchez, Catalonia's, Santiago Abascal, Sanchez, Carles Puigdemont, Puigdemont Organizations: Spanish, Spain's Socialists Party, PSOE, Socialist Party, TVE, Police, Socialist, El, Socialists, Thomson Locations: Madrid, Spain, MADRID, El Pais, Spanish, Barcelona

☆ Luis Díaz: Colombian guerilla group says it will release Liverpool player’s father ‘as soon as possible’
▼ + stars: | 2023-11-03 | by ( Ilse Borrero | ) edition.cnn.com time to read: +4 min

Barrancas, Díaz’s hometown located in northern Colombia, has never been so guarded. Relatives and friends marched in Barrancas to show solidarity with the Díaz family. Hundreds of people marched through Barrancas demanding Díaz's release. Gaby Díaz thanked the media and the citizens of Barrancas for their interest in knowing the fate of his father. Meanwhile, journalists, cameramen, and photographers from local and foreign media remain on guard outside the Díaz family residence, waiting for some reaction or news of the release of the Liverpool FC star’s father.

Persons: Colombia CNN —, Luis Díaz’s, “, ” Luis Manuel Díaz, Cilenis Marulanda, Marulanda, Santiago Ángel, Juan Carlos Cuéllar, Díaz, Luis Manuel Díaz, ”, Otty Patiño, Gaby Díaz, Lismari Machado, ” Cristian Almenares, General William René Salamanca, Guillermo Acuña, Barranco Organizations: Colombia CNN, National Liberation Army, Liverpool FC, Colombian government’s, Law, CNN, AFP, Getty, Colombian, Díaz, Police, Army, Colombian Police, ”, Liverpool FC star’s Locations: Barrancas, Colombia, Colombian, Colombia’s La Guajira, ” Salamanca

☆ Colombia to send energy to drought-stricken Ecuador
▼ + stars: | 2023-10-29 | by ( ) www.reuters.com time to read: +1 min

[1/2] View of the installations of Ecuador's hydroelectric power station Coca Codo Sinclair in Napo, Ecuador June 1, 2018. Ecuadorean President Guillermo Lasso said Colombia would provide 450 megawatts, helping Ecuador fill a 650-megawatt deficit due to low-producing hydro-electric plants amid the worst drought in 50 years. The drought, which the government attributes to the El Nino weather pattern, has affected the eastern and southern regions where 90% of Ecuador's hydro-electric plants operate. The countries are evaluating payment options, including Ecuador potentially providing energy to Colombia once its drought ends. "We're going to fill the deficit of Ecuador's energy demand," Petro said.

Persons: Sinclair, Daniel Tapia, Guillermo Lasso, Gustavo Petro, Lasso, Petro, Alexandra Valencia, Luis Jaime Acosta, Daina Beth Solomon, Raju Gopalakrishnan Organizations: REUTERS, Rights, El, Colombian, Thomson Locations: Napo, Ecuador, Rights BOGOTA, Colombia, Bogota, Peru, Guayaquil

☆ Colombia to Send Energy to Drought-Stricken Ecuador
▼ + stars: | 2023-10-28 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

BOGOTA (Reuters) - Colombia will sell geothermal energy to Ecuador to help the neighboring country avoid electricity cuts brought about by severe drought, the presidents of both countries said Saturday. Ecuadorean President Guillermo Lasso said Colombia would provide 450 megawatts, helping Ecuador fill a 650-megawatt deficit due to low-producing hydro-electric plants amid the worst drought in 50 years. The countries are evaluating payment options, including Ecuador potentially providing energy to Colombia once its drought ends. Lasso said Peru would export another 50 megawatts to Ecuador, and Guayaquil business leaders with thermal plants have the ability to provide another 100 megawatts. "We're going to fill the deficit of Ecuador's energy demand," Petro said.

Persons: Guillermo Lasso, Gustavo Petro, Lasso, Petro, Alexandra Valencia, Luis Jaime Acosta, Daina Beth Solomon, Raju Gopalakrishnan Organizations: El, Colombian Locations: BOGOTA, Colombia, Ecuador, Bogota, Peru, Guayaquil

☆ Abandoned golf courses are being reclaimed by nature
▼ + stars: | 2023-10-27 | by ( Nell Lewis | ) edition.cnn.com time to read: +9 min

CNN —Golf courses, despite occupying large green spaces, are not necessarily good for the environment. Santa Barbara's Ocean Meadows golf course has been returned to its wetland state, which doubles as a flood defense for the city. Rivers and streams are often diverted or altered to make way for a golf course, but conservationists want them to flow freely. In other areas of the country, local councils are repurposing unprofitable municipal golf courses to create more natural spaces. A golf course turned nature reserve, Yalukit Willam can now be enjoyed by the Melbourne residents.

Persons: ”, Guillermo Rodriguez, “, ” California's, Larsen, Rodriguez, TPL, Public Land Rodriguez, Mike Johnson, Frodsham, Michael Owen, “ It’s, Neil Oxley, Boon Organizations: CNN, The Trust, Public, Trust, Public Land, San, Rancho Cañada, Summit Metro Parks, Wildlife, Liverpool, Woodland Trust, Hull, Derbyshire Wildlife Trust, Hove City Council, Bayside City Council Locations: California, ” California's San Geronimo, San Geronimo , California, San Geronimo, California’s Marin County, Meadows , California, Santa Barbara, Meadows, Santa, Cañada , California, Monterey, Carmel, Ventana, Fort Ord, Rivers, Valley , Ohio, Akron , Ohio, Ohio’s, Cheshire, Liverpool, Erewash Borough, Brighton, Willam, Australia, Melbourne, Elwood, Bayside

This remote town is also where an alleged graft and money-laundering scheme related to the El Calafate hotels owned by the Kirchner family took place. In El Calafate, architect Walter Pieroni said some properties on the edge of the main commercial center could go days without water because of poor planning. In Santa Cruz, a province of some 333,000 people, fixing things was once the role of the Kirchners. Under the Kirchners, an airport was built in El Calafate, roads were paved to the glaciers, and plots of land were distributed to locals. "But they created a model that does not work and now our children have no future in this country," said Feldman, who has lived in El Calafate since 1987.

Persons: RIO, Alicia Kirchner, Kirchner, Javier Milei, Milei, " Kirchner, Nestor Kirchner, Cristina Fernandez de Kirchner, Fernandez de Kirchner, Alberto Fernandez, Patricia Bullrich, Sergio Massa, Santa Cruz, Brian Franco, Moreno, Franco, Eugenio Quiroga, El, Walter Pieroni, Weeks, Pieroni, Guillermo Carnevale, Peronist Fernandez, Mauricio Macri, Kirchnerism, Ana, Guerrero, hadn't, We've, Danny Feldman, Feldman, Lucinda Elliott, Adam Jourdan, Daniel Wallis Organizations: Peronist, Reuters, International Monetary Fund, El, Suppliers, Thomson Locations: Argentina, Rio Gallegos, Santa Cruz, Santa, China, Brazil, El Calafate, Spain, Germany, Buenos Aires

☆ Businessman Noboa to face economic, security hurdles as Ecuador president
▼ + stars: | 2023-10-16 | by ( Alexandra Valencia | ) www.reuters.com time to read: +4 min

"We do not anticipate the Noboa administration will be in the position to carry out deep structural reforms." Noboa is set to take office in December and complete the current administration's term through May 2025. Noboa will need to ensure some quick security wins during his first 90 days in office to appease social and political pressures, JPMorgan added. Noboa, Ecuador's youngest president in recent history, would be able to run again in the regularly scheduled 2025 contest. Noboa made a special point to woo young people, with some supporters touting his victory as a fresh start for the country's politics.

Persons: Daniel Noboa, Noboa, Luisa Gonzalez, Rafael Correa, Ecuadorean, Goldman Sachs, Fernando Villavicencio, Alvaro, Guillermo Lasso, Lasso, Alexandra Valencia, Rodrigo Campos, Julia Symmes Cobb, Gerry Doyle, Jonathan Oatis Organizations: Wall Street, JPMorgan, El, National Democratic Action, Thomson Locations: QUITO, American, Ecuador, Quito, Ecuador's

QUITO, Ecuador (AP) — Daniel Noboa has managed to do what his father failed at five times: Getting elected as Ecuador’s president. Political Cartoons View All 1211 ImagesAnd as he is getting a truncated term, Noboa faces a daunting task. He cut his term short when he dissolved the National Assembly in May as lawmakers pursued impeachment proceedings against him over alleged improprieties in a government contract. His political career began in 2021, when he got a seat in the National Assembly and chaired its Economic Development Commission. The younger Noboa's party will not have have enough seats in the National Assembly to be able to govern on its own.

Persons: — Daniel Noboa, ”, Will Freeman, “, Guillermo Lasso, Noboa, Luisa González, Rafael Correa, González, Ecuadorians, Fernando Villavicencio, themslves, Álvaro, Lasso, Julio Ricaurte, Villavicencio, Correa, Rosa Amaguaña, ” Amaguaña, ” ___ Garcia Cano Organizations: American, Voters, Council, Foreign Relations, National Assembly, Corp, Economic Development Commission, National Police, Assembly Locations: QUITO, Ecuador, U.S, “, Quito, Noboa, Colombia, Peru, Mexican, wife’s, Belgium, Caracas, Venezuela

☆ Ecuadoreans weigh economic, security pledges in presidential ballot
▼ + stars: | 2023-10-15 | by ( Alexandra Valencia | ) www.reuters.com time to read: +4 min

The violence, which the outgoing government blames on drug gangs, reached a crescendo during the campaign with the murder of anti-corruption candidate Fernando Villavicencio, who was shot dead while leaving a Quito campaign event in August. He is the son of multimillionaire banana magnate Alvaro Noboa, who himself ran unsuccessfully for president numerous times. "So while the first reaction is positive, because he's a pro-business candidate, pro-business and pro-markets can mean two different things." Both have pledged to beef up security at ports and airports, hot spots for drug smuggling. About a quarter of the 13 million Ecuadoreans obliged to vote are between the ages of 18 and 29.

Persons: Ecuadoreans, Fernando Villavicencio, Daniel Noboa, Luisa Gonzalez, Rafael Correa, Gonzalez, Alvaro Noboa, Guillermo Lasso, Zulfi Ali, Ali, he's, Correa, Noboa, Alexandra Valencia, Rodrigo Campos, Julia Symmes Cobb, Diane Craft Organizations: Voters, PGIM, Correa's Citizens, National Democratic, Thomson Locations: QUITO, Quito, Guayaquil, New York

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