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☆ China's July new yuan loans seen dipping after record H1 - Reuters poll
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +3 min

Chinese banks are estimated to have issued 800 billion yuan ($110.98 billion) in net new yuan loans last month, down sharply from 3.05 trillion yuan in June, according to the median estimate in the survey of 29 economists. But the expected new loans would be higher than the 679 billion yuan issued in the same month a year earlier. Chinese banks doled out 15.73 trillion yuan in new loans in the first six months of this year, the highest first-half number on record, central bank data showed. Outstanding yuan loans were expected to grow by 11.3% in July from a year earlier, the same as in June, the poll showed. In July, TSF is expected to fall sharply to 1.10 trillion yuan from 4.22 trillion yuan in June.

Persons: Kim Kyung, TSF, Judy Hua, Kevin Yao, Conor Humphries Organizations: REUTERS, Thomson Locations: Beijing, China, BEIJING

☆ How to Catch Pandemic Fraud? Prosecutors Try Novel Methods.
▼ + stars: | 2023-08-06 | by ( Madeleine Ngo | ) www.nytimes.com time to read: +1 min

Federal prosecutors are scrambling to recoup billions of dollars in pandemic aid from people who falsely obtained funds from government programs that were intended to keep the economy afloat during the Covid shutdowns. In some districts, prosecutors are screening those suspected of a violent crime for potential involvement in pandemic fraud schemes. Other investigators are putting together “strike force teams” to unravel the most sophisticated enterprises or leaning on local officials to steer them toward potential fraudsters in their areas. The moves come as the federal government looks for novel ways to root out what officials say was an enormous number of fraudulent claims that were submitted and approved during the pandemic. Many of the programs that were set up to dole out relief money required minimal proof from those seeking funds and approved applications quickly in order to pump money into the economy.

Persons: —

☆ Hollywood is helping boost the economy as fans flock to 'Barbie,' 'Oppenheimer,' and Taylor Swift's Eras Tour
▼ + stars: | 2023-08-05 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +5 min

Taylor Swift's Eras Tour and "Barbenheimer" have been key drivers of consumer spending this year. "The Super Mario Bros. Movie" has also boosted theaters that are still struggling post-pandemic. "'Barbenheimer' likely drove the continued surge in year-on-year entertainment spending growth," analysts Shruti Mishra and Aditya Bhave wrote in a note. Nintendo/Universal"The Super Mario Bros. Bringing some more optimism to global economies is "The Super Mario Bros. Movie" — an animated adaptation of the Nintendo video game.

Persons: Taylor, Mario, quieten, hasn't, Swift, Barbie, Oppenheimer, Taylor Swift, Taylor Hill, Jamie Cox, Covid, Cox, Shruti Mishra, Aditya Bhave, Greta Gerwig's, Zelda Organizations: Mario Bros, Service, Hollywood, Federal Reserve, Institute, Harris Financial Group, Bank of America, AMC, Nintendo Locations: Wall, Silicon, Cincinnati , Ohio, what's, Philadelphia

☆ California could pay homeowners $40,000 to build a tiny home in their backyards. It's 'vital,' for increasing the housing supply in the state, one expert said.
▼ + stars: | 2023-08-02 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +3 min

California set aside $50 million in the state budget for homeowners building backyard homes. The cash plays a "vital," part of the state's ability to increase housing supply, one expert said. The state is short 2 million homes, and many experts think ADUs can ease the issue. Through that previous program, homeowners received grants of up to $40,000 to develop at least one additional housing unit on their property. ADU financing is hard to findNearly 20% of all homes built in California are ADUs, according to data from the state's department of housing.

Persons: Gavin Newsom, Muhammad Alameldin, CalHFA, Alameldin Organizations: Service, Gov, University of California, Berkeley Terner Center, Housing Innovation, Los Angeles Times Locations: California, Wall, Silicon

☆ Here's the 14-page pitch deck that 40Seas, a fintech looking to bring "buy now pay later" to the trade industry, used to raise $16 million
▼ + stars: | 2023-08-02 | by ( Bianca Chan | ) www.businessinsider.com time to read: +3 min

It raised an $11 million seed round in January and raised an additional $6 million in an extension. Here's the pitch deck the startup used to fundraise, which attracted investors like QED Investors. Even though his startup 40Seas only launched seven months ago, for Eyal Moldovan, the business has been decades in the making. 40Seas raised its seed round in January as investors funneled $11 million into the fledgling startup. Here's the 14-page pitch deck 40Seas used to raise its seed and seed extension.

Persons: Eyal, Igor Zaks, Gil Shiff, Suki Gao, Camila, Saruhashim, 40Seas Organizations: QED, Eyal Moldovan, Moldovan, ZIM, Eminence Ventures Locations: Israel, China, India, Tel Aviv, Canada, Europe, Asia Pacific, Australia, New Zealand, Moldovan

☆ At striking actors' hangout bar, tiny residual checks no longer a joke
▼ + stars: | 2023-08-02 | by ( Lisa Richwine | ) www.reuters.com time to read: +5 min

"Back in the late '90s, it used to be kind of a rarity to get a tiny residual check," actor John O'Brien said. In today's streaming-TV era, small residual checks have become so customary that they helped push the SAG-AFTRA actors union to go on strike in mid-July, joining film and television writers, who walked off the job in May, in part over residual payments. O'Brien, who has appeared on dozens of shows, from "Grey's Anatomy" to "Pretty Little Liars," shared images of residual checks from more than two decades ago worth $47.49, $87.77 and $216.25. For working class actors who were not the famous, highly paid stars, the residual checks were vital to helping them pay their bills. Lower residual payments mean fewer actors earn the $26,470 per year needed to qualify for SAG-AFTRA's health insurance coverage, said actor Michael Spellman.

Persons: John O'Brien, you'd, It's, O'Brien, Michael Spellman, Walt Disney, Arabella Field, Mike Blake, bartenders, Walt, Justin Bieber, Kirk Dinsmore, you've, Dinsmore, Spellman, We're, Lisa Richwine, Mary Milliken, Rosalba O'Brien Organizations: CITY, SAG, Alliance, Television Producers, Netflix, Studio City, REUTERS, Universal Pictures, Warner Bros, Walt Disney, Writers Guild of America, WGA, Thomson Locations: CITY , California, Hollywood, Los Angeles, Los Angeles , California, U.S

☆ A Relationship That Transcends Analytics
▼ + stars: | 2023-07-30 | by ( Matt Martell | ) www.nytimes.com time to read: +1 min

The weeks leading up to Major League Baseball’s trading deadline are always tense. Every team has to evaluate where they are in the standings, what the organization’s long-term outlook is and how much could be changed by acquiring a few veterans. Along the way, players are left to ponder what moves their teams will make and whether they will soon be on the move. Not knowing which city they will be living in the following week can be overwhelming, even for professional ballplayers. Those challenges are universal, but they are heightened whenever a catcher is involved.

Organizations: Major League Baseball’s, Mets

☆ Private equity giant KKR's antidote to worker discontent — employee stock ownership programs
▼ + stars: | 2023-07-27 | by ( Leslie Picker | ) www.cnbc.com time to read: +3 min

The job market may be strong, but the invisible strings that connect workers to their jobs are increasingly weaker. As the co-head of global private equity at KKR , he's been a key champion of instilling employee stock ownership programs in all the companies the firm buys for its $19 billion Americas Fund. "It's better for investors, it's better for the company, it's better for employees, and in the end, it's better for the communities that they live in." Over 60,000 non-management employees have been awarded billions of dollars in total equity value through these ownership programs since 2011, the firm said. Through the non-profit, other private-equity firms like Apollo and TPG also committed to advancing shared ownership within their own portfolios.

Persons: Pete Stavros, he's, it's, Stavros Organizations: Alpha, UPS, KKR, Employees, Apollo, TPG Locations: Capital

The complaint by Musk's X Corp, which owns Twitter, was filed on Wednesday in the California Superior Court in San Francisco. Musk accused Wachtell of exploiting Twitter by accepting, in the final days before the Oct. 27, 2022, buyout closed, huge "success" fees doled out by departing Twitter executives who were grateful that Musk would be forced to close. "Wachtell arranged to effectively line its pockets with funds from the company cash register while the keys were being handed over" to Musk, the complaint said. Musk wants to recoup "excess" fees that Wachtell charged under an agreement signed on the day of closing by one of its partners and Twitter's chief legal officer Vijaya Gadde. The case is X Corp v Wachtell, Lipton, Rosen & Katz, California Superior Court, County of San Francisco, No.

Persons: Elon Musk, Wachtell, Lipton, Katz, Musk, Vijaya Gadde, Martha Lane Fox, Sean Edgett, Mark Zuckerberg's, Carl Icahn, Icahn, Jonathan Stempel, Marguerita Choy Organizations: Rosen, Twitter, Musk's X Corp, California Superior Court, Tesla Inc, SpaceX, Fox, CVR Energy, X Corp, Thomson Locations: California, San Francisco, Delaware, Katz , California, Court, County, New York

On Thursday, regulators orchestrated an agreement between Tesla (TSLA.O) and 15 Chinese rivals to avoid “abnormal pricing”, sealing the deal at a signing ceremony in Shanghai, Bloomberg reported. Perhaps as a result, sellers of internal combustion engines frequently offered steeper discounts compared to battery-powered rivals, Citi’s data show. In this case, at least, it appears to be trying to keep competition healthy, targeting only “abnormal pricing”. If nothing else, Beijing’s intervention offers a welcome pause in hostilities. Over 30 brands in China announced discounts in the first three months of the year, according to industry consultancy Automobility.

Persons: It’s, Bill Russo, AlixPartners, Tesla, Antony Currie, Thomas Shum Organizations: Reuters, Tesla, Bloomberg, FAW Audi, BAIC Hyundai, Citi, HK, country’s Ministry of Industry, Information Technology, China Association of Automobile Manufacturers, Thomson Locations: HONG KONG, Beijing, Shanghai, Xpeng, China

☆ OpenAI is reinventing tech compensation with flat salaries, no bonuses and no negotiation as it banks on untapped potential
▼ + stars: | 2023-06-29 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

OpenAI's buzz has a lot of tech workers eager to join the generative AI company. "Other than them I can't think of any other prominent company adopting this model at this scale," Musa said. Signing bonuses are very rare; there is no target performance bonus; and there is also little to no room for negotiation on compensation, Musa and another person familiar with the company said. All of those things are standard with other tech companies, from startups to Big Tech firms like Meta, Google, and Microsoft. Over the course of four years, the vesting period for the PPU grants, most OpenAI workers can expect to take home at least $2 million in equity pay alone.

Persons: Sam Altman, OpenAI, Zuhayeer Musa, Musa, Altman, Kali Hays Organizations: Big Tech, Meta, Google, Microsoft, Elon Musk's SpaceX, Twitter Locations: Silicon Valley, PPUs, khays

☆ Your city could get millions to create jobs under a new Biden plan to put Americans back to work
▼ + stars: | 2023-06-29 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Cities and regions left behind by bygone industries can now apply for funding to revitalize jobs. The Biden administration is opening up applications for its Recompete Pilot Program. Under that program, a handful of "distressed communities" can receive at least $20 million. It's called the Recompete Pilot Program, and it's meant to pump funds into economically distressed areas. According to research from Timothy J. Bartik for the Brookings Institute, nearly a sixth of the country's population lives in distressed communities.

Persons: Biden, —, It's, Biden's, Gina Raimondo, Timothy J, Bartik, Derek Kilmer, it's, Kilmer, what's, Alejandra Castillo Organizations: Service, Economic Development Administration, Brookings Institute, White, Commerce, Economic Development Locations: Scranton , Pennsylvania, Washington

☆ How Jeffrey Epstein turned the US Virgin Islands into a pedophile's playground and helped elect a sitting member of Congress
▼ + stars: | 2023-06-27 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +21 min

Court filings show how Jeffrey Epstein exerted power in the US Virgin Islands, two of which he owned. A financier worth hundreds of millions of dollars, Epstein owned two islands in the US Virgin Islands (there are roughly 50 islands overall). He had donated generously to Democratic politicians from the US Virgin Islands for years. With the assistance of the US Virgin Islands' first lady, Epstein navigated the territory's political waters unscathed. The court records show that, at least in the US Virgin Islands, he exerted influence with little friction.

Persons: Jeffrey Epstein, Stacey Plaskett, —, Plaskett, Epstein, James, Lesley Groff, Scott Applewhite, Stacey, Thomas, didn't, Groff, maxed, Shawn, Michael Malone, Gabriel Lopez Albarran, Cecile de Jongh, John de Jongh Jr, de Jongh, Malone, De Jongh, Darren Indyke, Richard Kahn, Kahn, Groff didn't, Stuart McPhail, McPhail, Jeffrey Epstein's, Erika Kellerhals, Hi Jeffrey, Rick Friedman, Corbis, de, JPMorgan Chase, Ghislaine Maxwell, Epstein's, Maxwell, She's, Mary Erdoes, Jamie Dimon's, Jes Staley, Epstein's thrall, Jongh, Denise George, Albert Bryan Jr, Bryan, Jed Rakoff, Emily Michot, Bill Clinton, Donald Trump, Prince Andrew, Trump's, De, Epstein doled, John de Jongh's, Kenneth Mapp, John de Jongh, John, wasn't Organizations: Virgin Islands, Service, Democratic, US, Islands, Democratic Congressional, AP, Federal, Commission, Democratic Party, Virgin Islands Economic Development Authority, Southern Trust Co, de, Indyke, Democrat, Getty Images JPMorgan, US Virgin Islands, JPMorgan, Virgin, Hyperion, Barclays, Authorities, United States Virgin Islands, Virgin Islands Senate, Gov, New York Times, US Virgin, Deutsche Bank, U.S ., Miami Herald, Tribune, Getty, Federal Government, Mapp's PAC Locations: Virgin, Washington, Puerto Rico, Little St, Palm Beach , Florida, St, Croix, Manhattan, Islands, US Virgin, New York, U.S, U.S . Virgin Islands, Jongh, Tortola

☆ Jeffrey Epstein's victims will be able to get up to $5 million from Deutsche Bank sex-trafficking settlement
▼ + stars: | 2023-06-16 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

A settlement from Deutsche Bank will give up to $5 million each to Jeffrey Epstein's victims. Friday's court filings — if approved by the judge overseeing the case — outline how the funds would be distributed to Epstein's victims. The Deutsche Bank settlement allows Epstein's victims to file claims with a new compensation program. Their law firms can get up to 30% of the Deutsche Bank settlement funds, according to the settlement documents. Representatives for Deutsche Bank and the "Jane Doe" plaintiff didn't immediately respond to requests for comment.

Persons: Jeffrey Epstein's, —, Jeffrey Epstein, Epstein, Gloria Allred, Jane Doe, David Boies, Brad Edwards, didn't, JP Morgan Chase, JP Morgan, Morgan, Cecile de Jongh Organizations: Deutsche Bank, Service, Virgin

☆ PGA Tour merger with LIV Golf triggers confusion about sponsorships, antitrust
▼ + stars: | 2023-06-07 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +5 min

watch nowThe proposed merger between the PGA Tour and its Saudi-funded rival LIV Golf stunned everyone from golfers to Wall Street bankers this week – leaving many with questions about what the merger could mean. While the two organizations were feuding, golfers were divided between the PGA Tour and LIV. Aside from the lawsuits, LIV Golf has been surrounded by controversy and criticism since its launch in 2022. LIV Golf sued the tour, also citing anti-competitive practices for banning its players. The PGA Tour countersued.

Persons: LIV Golf, LIV, Jefferies, Jay Monahan, CNBC's, Henry Hauser, Perkins, Monahan, Phil Mickelson, Bryson DeChambeau, Yasir Al, Rumayyan, Hauser, it's, Timothy Derdenger, Derdenger Organizations: PGA Tour, Wall, FTC, PGA, Saudi Arabia Public Investment Fund, Antitrust, Public Investment, Federal Trade Commission, Justice Department, American Airlines, JetBlue Airways, Carnegie Mellon University's Tepper School of Business, U.S . Locations: Saudi

☆ Stingy European savers will help the ECB, not LVMH
▼ + stars: | 2023-06-06 | by ( Francesco Guerrera | ) www.reuters.com time to read: +7 min

LONDON, June 6 (Reuters Breakingviews) - Pandemic-era lockdowns and government stimulus have left euro zone citizens with 1 trillion euros in extra savings. That will leave consumer goods giants like $445 billion LVMH (LVMH.PA) downcast, but the European Central Bank pretty pleased. Euro zone citizens put as much as 1 trillion euros – or 8% of GDP – in their piggy banks since the health emergency, according to Oxford Economics’ estimates. Finally, euro zone savers have been favouring the higher returns offered by illiquid assets instead of sticking with easily accessible cash. These investments account for 33% of euro zone citizens’ total financial assets, compared to 30% before the pandemic.

Persons: can’t, –, lockdowns, Christine Lagarde, George Hay, Oliver Taslic Organizations: Reuters, European Central Bank, Oxford Economics, White House, –, Federal Reserve Bank of San, San Francisco Fed, Walmart, United Airlines, American Airlines, U.S, U.S . Federal, Allianz, BMW, stingy, Thomson Locations: U.S, Ukraine, Federal Reserve Bank of San Francisco, U.S ., Europe, Germany, France, Italy, Spain, That’s, Asia

☆ May Hiring Remains Resilient, Despite Interest Rates and Inflation
▼ + stars: | 2023-06-02 | by ( ) www.wsj.com time to read: 1 min

Code Written by AI May Be Too Much of a Good ThingA growing number of Fortune 100 companies are using generative artificial intelligence to write computer code. But chief information officers worry all these new lines of code could create problems. WSJ enterprise technology reporter Isabelle Bousquette joins host Zoe Thomas to discuss their concerns. Plus, a chatbot designed to help people with eating disorders doled out weight- loss advice. WSJ family and tech columnist Julie Jargon explains what happened.

Persons: Isabelle Bousquette, Zoe Thomas, Julie Jargon Organizations: Fortune

☆ Even After Debunking, ‘Sybil’ Hasn’t Gone Away
▼ + stars: | 2023-05-28 | by ( Alexandra Jacobs | ) www.nytimes.com time to read: +2 min

Schreiber, who aspired to a literary career and at one time was romantically involved with the playwright Eugene O’Neill’s oldest son, wrote celebrity profiles and pop psychology pieces for outlets such as Cosmopolitan. And Wilbur, who had treated the actor Roddy McDowall — Case 129 in a book she co-authored about the causes and “treatment” of male homosexuality — craved the kind of broad audience that magazines then attracted. Rather than telekinetic powers, she develops a preternatural ability to assume different personas. Wilbur by any modern metric crossed the line from transference to enmeshment. She crept into her patient’s bed to administer electroshock treatment with an outdated device, doled out Pentothal (a barbiturate then wrongly thought to act as a truth serum) to the point of addiction, and took her on creepy road trips.

Persons: Schreiber, Eugene O’Neill’s, Wilbur, Roddy McDowall —, —, ’, Sybil ”, Dora, Truman Capote’s “, ”, “ Sybil Dorsett ”, Stephen King’s, Carrie, ” Sybil, dissociating, “, Peggy, Mike ”, Sid ”

☆ Biden, Democrats plan beefed-up 50-state fundraising strategy to overwhelm GOP rivals
▼ + stars: | 2023-05-24 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

Those four state committees did not fundraise with the Biden Victory Fund in 2020, according to OpenSecrets. The DNC, likewise, saw over $100 million through the Biden Victory Fund and finished bringing in over $491 million during that cycle. The beefed-up joint fundraising strategy could give Biden's campaign and the Democratic Party a major boost for the general election. The new agreement allows the Biden Victory Fund to reap up to $929,600 from an individual donor, according to the DNC official. A theoretical $929,600 check would be doled out through the Biden Victory Fund to the Biden campaign ($6,600), the DNC ($41,300), with $510,000 split between all of the state parties.

Persons: Joe Biden, Biden's, Biden, Julie C, Rodriguez Organizations: White, Democratic Party, Republican, Biden, Fund, Washington D.C, CNBC, Democratic, Democratic National Committee, DNC, D.C, MAGA Republicans, Biden Victory Fund Locations: Japan, Washington, Iowa , California, South Dakota, Illinois

☆ Elon Musk: 'The Most Valuable Thing I Have Is Time'
▼ + stars: | 2023-05-24 | by ( ) www.wsj.com time to read: 1 min

Persons: Isabelle Bousquette, Zoe Thomas, Julie Jargon Organizations: Fortune

☆ U.S. House passes Republican bill tightening border security
▼ + stars: | 2023-05-12 | by ( Richard Cowan | ) www.reuters.com time to read: +3 min

WASHINGTON, May 11 (Reuters) - The U.S. House of Representatives on Thursday approved Republican legislation intended to stop immigrants and illegal drugs crossing the nation's southwestern border with Mexico, leaving it to the Senate to attempt a broader, bipartisan immigration bill. It also would resume construction of a wall along the border and expand federal law enforcement efforts. The House voted 219-213 to pass the bill, with no Democrats in favor and one Republican opposed. Officials at the southwestern border were seeing large influxes of immigrants in the final days of Title 42 expiration. House Republican leaders at the last minute had to modify provisions of their bill for the U.S. agriculture industry to comply with "E-Verify" requirements for confirming U.S. employment eligibility.

☆ How El Chapo’s sons built a fentanyl empire poisoning America
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +23 min

Headed by Iván, El Chapo’s oldest son, the siblings have emerged as key figures in the Sinaloa Cartel, U.S. and Mexican anti-narcotics officials said. But he was killed in 2008 in Culiacán in a hail of bullets amid infighting between warring factions of the Sinaloa Cartel. The agency in April placed Iván on the list of its 10 Most Wanted Fugitives, joining Jesús Alfredo and Ismael “El Mayo” Zambada, a Sinaloa Cartel legend and El Chapo’s alleged former business partner. They also kidnapped eight soldiers and surrounded military housing where wives and children of Mexican soldiers lived, Mexican officials said. Despite that blow to the Sinaloa Cartel, fentanyl keeps flowing north.

☆ A billionaire's top advice for success? Cut out toxic people
▼ + stars: | 2023-05-08 | by ( Grace Mayer | ) www.businessinsider.com time to read: +3 min

Berkshire CEO Warren Buffett and vice chairman Charlie Munger doled out business and life advice. Munger's "great lesson in life" is to cut out toxic people who can hinder your path to success. Munger, in particular, stressed that toxic people could hinder someone's path to success. And one in nine US workers have said they've experienced a toxic workplace. And if that toxic manager or employee doesn't seem to be changing, per Munger's advice, it may be time to cut them loose.

☆ Black Tech Twitter, trans users and more marginalized groups flock to Bluesky
▼ + stars: | 2023-05-08 | by ( Daysia Tolentino | J.J. Mccorvey | ) www.cnbc.com time to read: +9 min

Her first objective was to get her community, Black tech Twitter, onto Bluesky. Once Black Twitter users started moving to Bluesky, Aveta said, others wanted to follow. Some signs indicate a slowdown among Black Twitter users that predates Elon Musk's purchase of Twitter last year. Aveta said she prioritized moving the Black tech community to Bluesky first to combine social appeal with technical knowledge. Pariss Chandler, the organizer of Black Tech Twitter and the founder of the recruitment platform Black Tech Pipeline, said diversity, equity and inclusion should be considered early in a platform's launch.

☆ Paraguay Voters Elect Conservative Economist as President
▼ + stars: | 2023-04-30 | by ( Jack Nicas | Laurence Blair | ) www.nytimes.com time to read: +1 min

POZO COLORADO, Paraguay — Paraguayans elected Santiago Peña, a 44-year-old conservative economist, as their new president on Sunday, keeping the South American nation in the control of the right-wing Colorado Party that has run the country for all but five of the past 76 years. The result means that Paraguay, a landlocked nation of seven million people, has resisted the leftward shift across Latin America in recent years. Instead, Paraguayans delivered victory to a right-wing candidate who made vague promises to add jobs, lower energy prices and clear drug addicts from the street. Mr. Peña had 43 percent of the vote with 99 percent of the ballots counted, defeating two challengers who split the opposition vote. Mr. Peña is a political protégé of a former Paraguayan president, Horacio Cartes, who is one of its richest men and the president of the Colorado Party.

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