Greek Lawmakers Approve New Budget — With More Austerity

Greek lawmakers approved the heavily indebted country’s budget for 2019 late Tuesday, the first since Greece exited an eight-year bailout program.

The budget lawmakers passed with a 154-143 vote still is heavy on austerity measures to ensure Greece registers a hefty surplus, in compliance with its debt relief deal with international creditors.

Earlier Tuesday, government spokesman Dimitris Tzanakopoulos said the proposed budget was Greece’s first in 10 years to be drafted “under circumstances of relative financial and political freedom” from bailout creditors.

“Today we have the opportunity to vote for a budget that now reflects the priorities of the Greek government, and not of [its] supervising institutions,” he said during a parliamentary debate.

As the debate drew to a close, more than 2,000 people demonstrated peacefully outside parliament in two separate protests called by labor unions.

The budget submitted by the left-led government foresees Greece’s battered economy growing 2.1 percent in 2018 and 2.5 percent in 2019. The debt load is set to decline from 180.4 percent of output this year to 167.8 percent next year.

Greece owes most of that debt to European partners and the International Monetary Fund. The debt relief deal secured favorable repayment terms, but in return the country must achieve budget surpluses for decades to come.

The country also secured a cash buffer from creditors so it would not have to tap bond markets until the rates demanded by investors to buy Greek government bonds drop.

Prime Minister Alexis Tsipras told lawmakers Tuesday that the country is not locked out of bond markets by high borrowing costs — even though his government has so far shelved stated plans to issue bonds shortly after the end of Greece’s last bailout, in August.

“[It] is a myth” that Greece can’t tap bond markets, Tsipras said. “You can be certain that we will again make a market exit, with a very good rate.”

Greece depended on bailout loans from 2010 until August 2018, and imposed crippling cutbacks to secure the money. Its finances are still subject to creditor scrutiny, albeit less intense than before.

Tsipras’ government is playing up citizen assistance programs that are intended to bring some 900 million euros in tax cuts and welfare benefits to less well-off Greeks. The money for the relief measures is supposed to come from a surplus generated by high taxes and constrained public spending.

However, labor unions say that’s not enough.

“Funding in the budget both for education and for health is much lower than our expectations,” Giannis Paidas, head of the Adedy civil servants’ union, said during the smaller of Tuesday’s two central Athens protests.

“It is the same and worse as during previous bailout-era years,” Paidas added. “There will be a 1 billion-euro increase in taxation. As you understand, this increase will burden working Greeks.”

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Greek Lawmakers Approve New Budget — With More Austerity

Greek lawmakers approved the heavily indebted country’s budget for 2019 late Tuesday, the first since Greece exited an eight-year bailout program.

The budget lawmakers passed with a 154-143 vote still is heavy on austerity measures to ensure Greece registers a hefty surplus, in compliance with its debt relief deal with international creditors.

Earlier Tuesday, government spokesman Dimitris Tzanakopoulos said the proposed budget was Greece’s first in 10 years to be drafted “under circumstances of relative financial and political freedom” from bailout creditors.

“Today we have the opportunity to vote for a budget that now reflects the priorities of the Greek government, and not of [its] supervising institutions,” he said during a parliamentary debate.

As the debate drew to a close, more than 2,000 people demonstrated peacefully outside parliament in two separate protests called by labor unions.

The budget submitted by the left-led government foresees Greece’s battered economy growing 2.1 percent in 2018 and 2.5 percent in 2019. The debt load is set to decline from 180.4 percent of output this year to 167.8 percent next year.

Greece owes most of that debt to European partners and the International Monetary Fund. The debt relief deal secured favorable repayment terms, but in return the country must achieve budget surpluses for decades to come.

The country also secured a cash buffer from creditors so it would not have to tap bond markets until the rates demanded by investors to buy Greek government bonds drop.

Prime Minister Alexis Tsipras told lawmakers Tuesday that the country is not locked out of bond markets by high borrowing costs — even though his government has so far shelved stated plans to issue bonds shortly after the end of Greece’s last bailout, in August.

“[It] is a myth” that Greece can’t tap bond markets, Tsipras said. “You can be certain that we will again make a market exit, with a very good rate.”

Greece depended on bailout loans from 2010 until August 2018, and imposed crippling cutbacks to secure the money. Its finances are still subject to creditor scrutiny, albeit less intense than before.

Tsipras’ government is playing up citizen assistance programs that are intended to bring some 900 million euros in tax cuts and welfare benefits to less well-off Greeks. The money for the relief measures is supposed to come from a surplus generated by high taxes and constrained public spending.

However, labor unions say that’s not enough.

“Funding in the budget both for education and for health is much lower than our expectations,” Giannis Paidas, head of the Adedy civil servants’ union, said during the smaller of Tuesday’s two central Athens protests.

“It is the same and worse as during previous bailout-era years,” Paidas added. “There will be a 1 billion-euro increase in taxation. As you understand, this increase will burden working Greeks.”

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Mexico Budget Plan Races Past First Congressional Hurdle

The finance committee of Mexico’s lower house of Congress on Tuesday rapidly approved the revenue section of President Andres Manuel Lopez Obrador’s 2019 draft budget, auguring speedy passage in the legislature his party controls.

Lopez Obrador’s leftist government only unveiled the budget proposal on Saturday night. It met with a positive initial response from financial markets, with investors warming to his commitment to keep a lid on spending.

The president’s National Regeneration Movement (MORENA) and its allies dominate Congress, having won the first outright majority in more than two decades.

Having been approved by the finance committee without changes, the revenue section is expected to go to the floor of the lower house on Tuesday afternoon. Once approved, the revenue budget proposal moves to the Senate.

The budget is a major test of Lopez Obrador’s credibility, which was shaken when he said on Oct. 29 he was scrapping a partly built $13 billion new Mexico City airport on the basis of a referendum that was widely panned as illegitimate.

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Mexico Budget Plan Races Past First Congressional Hurdle

The finance committee of Mexico’s lower house of Congress on Tuesday rapidly approved the revenue section of President Andres Manuel Lopez Obrador’s 2019 draft budget, auguring speedy passage in the legislature his party controls.

Lopez Obrador’s leftist government only unveiled the budget proposal on Saturday night. It met with a positive initial response from financial markets, with investors warming to his commitment to keep a lid on spending.

The president’s National Regeneration Movement (MORENA) and its allies dominate Congress, having won the first outright majority in more than two decades.

Having been approved by the finance committee without changes, the revenue section is expected to go to the floor of the lower house on Tuesday afternoon. Once approved, the revenue budget proposal moves to the Senate.

The budget is a major test of Lopez Obrador’s credibility, which was shaken when he said on Oct. 29 he was scrapping a partly built $13 billion new Mexico City airport on the basis of a referendum that was widely panned as illegitimate.

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With Click of Button, Britain’s Homeless Crowdfund Their Way to Work

When Hana fled to Britain with her son from East Africa, she was grateful to have found safety from persecution and a roof over her head in her sister’s tiny London apartment.

It should have been a stop-gap, but a year on, the four still live together in cramped conditions, with Hana sharing a bed with her young son, and her sister doing the same with her toddler.

“When I came to Britain, I struggled with everything. It’s very hard to be a single mum and homeless,” said Hana, who did not share her full name for fear of repercussions.

With no job prospects, she had no chance of finding her own home in London, where rents are among the highest in the world.

Homelessness has been rising in England for nearly a decade, with over 82,000 families in temporary accommodation, including more than 123,000 children, government data shows.

But 32-year-old Hana is hoping to buck that trend, after a crowdfunding campaign by social enterprise Beam paid for her to study beauty therapy.

“It’s been a dramatic change, now I will be a professional beauty therapist. Straight away I want to start a job, the day I finish my studies,” Hana said in a phone interview.

She is one of about 50 homeless people who secured employment training through Beam, which it says is the world’s first purpose-built platform that helps homeless people crowdfund donations through their online profile.

The participants, who are referred to Beam by homelessness charities, are also supported by caseworkers throughout their studies and job hunt.

“We really want to return people to a stage of independence. They should never be defined by their homelessness,” said Beam founder Alex Stephany, who launched the platform last year.

He said each crowdfunding campaign is fully funded before a new one is launched to ensure each person has the chance to take a training course of their choice, be it accounting, dental nursing or carpentry.

“There are lots of people who need help, and also lots of people who want to help, and technology has a really important part to play in making it safe and easy for people to do that,” Stephany said in an interview.

‘Housing emergency’

Homelessness charity Shelter, which partners with Beam, blames rising private rents, a freeze on benefits and a shortage of social housing for the sharp increase in homelessness.

“We see destitution every day and desperation from people. People who are being priced out of the rental market. We’re calling it a housing emergency, it’s atrocious,” said Alison Mohammed, Shelter’s director of services.

Discrimination against homeless people has also made it difficult for them to secure rental properties, she said.

A hotel in the northern English city of Hull was criticized this week after it canceled paid bookings made by a local charity to give rough sleepers a bed for Christmas Eve and Christmas Day.

‘Message from heaven’

Mohammed said initiatives like Beam can harness the public’s goodwill to help homeless people, but it is just “one piece of the puzzle.”

“Anything that can tap into the public’s wish to do something about homelessness is a good idea,” she said in a phone interview.

“It’s not going to solve the lack of social housing, but it is going to help people who have got to a position in their life where they can take that step,” Mohammed said.

Beam said a dozen people had so far gained employment and the group hopes to expand beyond London and roll out the initiative across the country.

For Hana, who will finish her beauty therapy studies next year, knowing that hundreds of strangers care about her well-being and future in Britain has been a source of comfort.

She is confident she will find her own place to live too.

“I don’t know these people and I don’t even see their faces, but they encourage me very much. It’s like a message from heaven,” she said.

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Grocery Store Using Unmanned Vehicles for Delivery

U.S. supermarket chain Kroger Co said on Tuesday it has started using unmanned autonomous vehicles to deliver groceries Scottsdale, Arizona in partnership with Silicon Valley startup Nuro.

The delivery service follows a pilot program started by the companies in Scottsdale in August and involved Nuro’s R1, a custom unmanned vehicle.

The R1 uses public roads and has no driver and is used to only transport goods.

Kroger’s deal with Nuro underscores the stiff competition in the U.S. grocery delivery market with supermarket chains angling for a bigger share of consumer spending.

Peers Walmart Inc and Amazon.com Inc have also invested heavily in their delivery operations by expanding their offerings and shortening delivery times.

Walmart, Ford Motor Co and delivery service Postmates Inc said last month they would collaborate to deliver groceries and other goods to Walmart customers and that could someday use autonomous vehicles.

Kroger said the service would be available in Scottsdale at its unit Fry’s Food Stores for $5.95 with no minimum order requirement for same-day or next-day deliveries.

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China’s Xi Calls for Reform Implementation, Offers No New Measures

Chinese President Xi Jinping on Tuesday called for the implementation of reforms but offered no new specific measures in a highly anticipated speech that marked the 40th anniversary of China’s move towards market liberalization.

In a speech lasting nearly an hour-and-a-half, Xi called for support of the state economy while also guiding the development of the private sector, and said China will expand efforts at opening up and ensure the implementation of major reforms.

“We must, unswervingly, reinforce the development of the state economy while, unswervingly, encouraging, supporting and guiding the development of the non-state economy,” Xi said during a speech at Beijing’s Great Hall of the People.

Xi was speaking on the day China marked as the 40th anniversary of the start of late leader Deng Xiaoping’s campaign of “reform and opening up,” which led to explosive industrial growth that made China’s economy the world’s second-largest.

“Opening brings progress while closure leads to backwardness,” he added.

“Every step of reform and opening up is not easy. In the future, we will be inevitably faced with all sorts of risks and challenges, and even unimaginable tempestuous storms,” said Xi, stressing the role the ruling Communist Party.

Xi was speaking amid mounting pressure to accelerate reforms and improve market access for foreign companies as a bitter trade war with the United States weighs on the Chinese economy.

China’s heavy support of its sprawling state sector has been a point of contention with the United States.

The trade war has spurred some Chinese entrepreneurs, government advisers and think tanks to call for faster economic reforms and the freeing up of a private sector stifled by state controls and struggling to gain access to credit.

Xi and U.S. President Donald Trump agreed early this month to a 90-day truce in the trade dispute, which halted the threatened escalation of punitive tariffs while the two sides continue negotiations.

In his speech, Xi enumerated the accomplishments of China’s development.

“Grain coupons, cloth coupons, meat coupons, fish coupons, oil coupons, tofu coupons, food ticket books, product coups and other documents people once could not be without have now been consigned to the museum of history,” he said. “The torments of hunger, lack of food and clothing, and the hardships which have plagued our people for thousands of years have generally gone and won’t come back.”

Numerous luminaries in attendance were cited for their contributions to China’s economic reforms including the heads of online giants Alibaba, Tencent Holdings and Baidu and car maker Geely Automobile Holdings.

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China’s Xi Calls for Reform Implementation, Offers No New Measures

Chinese President Xi Jinping on Tuesday called for the implementation of reforms but offered no new specific measures in a highly anticipated speech that marked the 40th anniversary of China’s move towards market liberalization.

In a speech lasting nearly an hour-and-a-half, Xi called for support of the state economy while also guiding the development of the private sector, and said China will expand efforts at opening up and ensure the implementation of major reforms.

“We must, unswervingly, reinforce the development of the state economy while, unswervingly, encouraging, supporting and guiding the development of the non-state economy,” Xi said during a speech at Beijing’s Great Hall of the People.

Xi was speaking on the day China marked as the 40th anniversary of the start of late leader Deng Xiaoping’s campaign of “reform and opening up,” which led to explosive industrial growth that made China’s economy the world’s second-largest.

“Opening brings progress while closure leads to backwardness,” he added.

“Every step of reform and opening up is not easy. In the future, we will be inevitably faced with all sorts of risks and challenges, and even unimaginable tempestuous storms,” said Xi, stressing the role the ruling Communist Party.

Xi was speaking amid mounting pressure to accelerate reforms and improve market access for foreign companies as a bitter trade war with the United States weighs on the Chinese economy.

China’s heavy support of its sprawling state sector has been a point of contention with the United States.

The trade war has spurred some Chinese entrepreneurs, government advisers and think tanks to call for faster economic reforms and the freeing up of a private sector stifled by state controls and struggling to gain access to credit.

Xi and U.S. President Donald Trump agreed early this month to a 90-day truce in the trade dispute, which halted the threatened escalation of punitive tariffs while the two sides continue negotiations.

In his speech, Xi enumerated the accomplishments of China’s development.

“Grain coupons, cloth coupons, meat coupons, fish coupons, oil coupons, tofu coupons, food ticket books, product coups and other documents people once could not be without have now been consigned to the museum of history,” he said. “The torments of hunger, lack of food and clothing, and the hardships which have plagued our people for thousands of years have generally gone and won’t come back.”

Numerous luminaries in attendance were cited for their contributions to China’s economic reforms including the heads of online giants Alibaba, Tencent Holdings and Baidu and car maker Geely Automobile Holdings.

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Emily Blunt’s Terrifying Moment As the New Mary Poppins

She takes on a beloved movie character and dances with penguins, but what really terrified British actress Emily Blunt was descending slowly from the clouds as the new Mary Poppins.

More than 50 years after it first charmed audiences worldwide, Blunt stars in the sequel “Mary Poppins Returns” as the magical English nanny with a no-nonsense demeanor but a twinkle in the eye.

The Walt Disney movie, starting its global roll-out this week, is set 20 years after the musical fantasy that made Julie Andrews a star.

Despite new music, a new cast and new director Rob Marshall, “Mary Poppins Returns” pays homage to the original 1964 film, including the arrival of the singing nanny from the skies above London.

This time, however, Poppins floats down holding a battered kite rather than her parrot umbrella but with her signature carpet bag still in hand.

Blunt said she was “terrified” filming the scene while hoisted high up on a crane. “It’s very high. Rob (Marshall) wanted to do one shot where I start in the air and I come down and the cameras are here and I walk straight into my close-up.”

​”We did about four takes and then I was like, ‘Rob – please say you have it now. Have you got it? Just say you have it,'” said the actress, best known for her roles in thriller “A Quiet Place” and comedy “The Devil Wears Prada.”

Like the original, “Mary Poppins Returns” features fantasy sequences, dance numbers, animated dancing penguins. There’s even a cameo for a tap-dancing Dick Van Dyke, 93, who played Bert, the cheery London chimney sweep, in the 1964 film.

However Andrews, 83, who won an Oscar for her performance as Mary Poppins, has placed herself outside the spotlight, with no role in the sequel and no appearances at red carpet events.

Blunt, 35, said Andrews has been supportive of her taking on the role.

“I was very moved that she wanted this just to be my version of Mary Poppins and embraced as that, rather than her coming in at some point and being a distraction,” she said.

“I hear she’s just seen the film and loved it, so that means a lot to us,” Blunt added.

“Mary Poppins Returns,” which has been nominated for four Golden Globe awards, also stars Lin-Manuel Miranda, British actors Emily Mortimer and Ben Whishaw, and Meryl Streep in a cameo role.

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Emily Blunt’s Terrifying Moment As the New Mary Poppins

She takes on a beloved movie character and dances with penguins, but what really terrified British actress Emily Blunt was descending slowly from the clouds as the new Mary Poppins.

More than 50 years after it first charmed audiences worldwide, Blunt stars in the sequel “Mary Poppins Returns” as the magical English nanny with a no-nonsense demeanor but a twinkle in the eye.

The Walt Disney movie, starting its global roll-out this week, is set 20 years after the musical fantasy that made Julie Andrews a star.

Despite new music, a new cast and new director Rob Marshall, “Mary Poppins Returns” pays homage to the original 1964 film, including the arrival of the singing nanny from the skies above London.

This time, however, Poppins floats down holding a battered kite rather than her parrot umbrella but with her signature carpet bag still in hand.

Blunt said she was “terrified” filming the scene while hoisted high up on a crane. “It’s very high. Rob (Marshall) wanted to do one shot where I start in the air and I come down and the cameras are here and I walk straight into my close-up.”

​”We did about four takes and then I was like, ‘Rob – please say you have it now. Have you got it? Just say you have it,'” said the actress, best known for her roles in thriller “A Quiet Place” and comedy “The Devil Wears Prada.”

Like the original, “Mary Poppins Returns” features fantasy sequences, dance numbers, animated dancing penguins. There’s even a cameo for a tap-dancing Dick Van Dyke, 93, who played Bert, the cheery London chimney sweep, in the 1964 film.

However Andrews, 83, who won an Oscar for her performance as Mary Poppins, has placed herself outside the spotlight, with no role in the sequel and no appearances at red carpet events.

Blunt, 35, said Andrews has been supportive of her taking on the role.

“I was very moved that she wanted this just to be my version of Mary Poppins and embraced as that, rather than her coming in at some point and being a distraction,” she said.

“I hear she’s just seen the film and loved it, so that means a lot to us,” Blunt added.

“Mary Poppins Returns,” which has been nominated for four Golden Globe awards, also stars Lin-Manuel Miranda, British actors Emily Mortimer and Ben Whishaw, and Meryl Streep in a cameo role.

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With Tensions Rising Between US and China, Silicon Valley Rethinks its Bonds

American tech companies have long looked to China as a key partner to help build and sell cutting-edge devices and services. But tensions are rising between Washington and Beijing, and Silicon Valley may be caught in the middle. Michelle Quinn reports.

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China Hopes for ‘Orderly’ Brexit, Calls for More Open EU Economy

China hopes Britain’s exit from the European Union can happen in an orderly way and that the bloc will reduce hurdles to Chinese investment and keep its markets open, China’s foreign ministry said on Tuesday.

China, the world’s second-largest economy, has watched Brexit nervously, worried not only about potential market turmoil from a disorderly departure but about losing Britain’s supportive voice for free trade within the EU.

“China hopes to see Brexit proceed in an orderly fashion and stands ready to advance China-EU and China-UK relations in parallel,” the ministry said in a lengthy policy document on EU ties.

The EU and China are often at loggerheads over trade and other issues, with the EU sharing many of the same concerns as the United States about market access, trade imbalances and intellectual property rights protection.

The bloc is China’s largest trading partner while China is its biggest trading partner after the United States.

The EU has been pressing for better access to the Chinese market for its companies, while China has complained about what it sees as unfair restrictions on Chinese investments in the EU.

Despite events such as Brexit, China said the EU has remained committed to integration, pressed on with reforms and played a major role in regional and international affairs.

Beijing has promised to look at the possibility of reaching a “top notch” free trade deal with Britain post-Brexit.

The Brexit process is currently deadlocked with just over 100 days until Britain is due to leave the EU.

On trade, China’s white paper said the EU should ease high-tech export controls on China and facilitate mutual investment.

The government will significantly ease market access and endeavor to foster a “stable, fair, transparent, law-based and predictable business environment that protects the legitimate rights and interests of foreign investment and treats Chinese and foreign firms registered in China as equals,” it said.

“China hopes that the EU will keep its investment market open, reduce and eliminate investment hurdles and discriminatory barriers, and provide Chinese companies investing in Europe a fair, transparent and predictable policy environment and protect their legitimate rights and interests.”

The EU last month provisionally agreed on rules for a far-reaching system to coordinate scrutiny of foreign investments into Europe, notably from China in the wake of a surge in Chinese investments, to end what a negotiator called “European naivety.”

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Rediscovering Truth: African Storytellers Tap Into Rich Tradition

Why don’t chickens fly? When did the moon learn to be kind? 

Those and other mysteries were unravelled by dozens of African storytellers in Nairobi on Saturday, helping keep alive oral traditions increasingly under threat in the internet and smartphone age.

“To have that storyteller in front of you with an audience being able to interact is something very precious that we are in danger of losing,” said Maimouna Jallow, who organized the one-day Re-Imagined Storytelling Festival in Kenya’s capital.

Although written history has existed for centuries in West Africa, elsewhere on the continent knowledge and morality have mostly been transmitted through performance art, including the spoken word.

Tales from East African villages

For her research, Jallow collected folk tales from East African villages. “Nearly everywhere I went people had no recollection of their own stories, and the generation who used to tell these stories are now in their 80s,” she told Reuters.

“For me it was really important to see how we preserve not only the stories but in particular the culture of telling (them).”

With nods to giants of African culture such as Thomas Sankara and Fela Kuti, those narrated in Nairobi addressed issues common to African societies, ranging from war and materialism to humility and respect for children, often with a contemporary twist.

Storytelling relevant for rapper

For Alim Bamara, a rapper from Sierra Leone who grew up in London, storytelling has never been more relevant or topical.

“There’s a story about truth, and how truth knocked on people’s doors, and was always rejected and turned away,” he told Reuters.

“One day, parable took truth home, and fed truth and clothed truth in story. “Now truth… knocked on those people’s doors and this time was readily welcomed.”

Accompanying some performances was Gambian kora (African harp) player Sanjally Jobarteh, whose family has kept alive oral histories for over seven centuries.

Why chickens don’t fly?

For Usifu Jalloh, from Sierra Leone, storytelling can help validate existence. 

“When Africans were enslaved, and when invaders came in, the first thing they did was wipe out the identity of the people that they conquered and superimposed theirs on top,” he said. “When you know your story, you have a lot of power. When you forget your story you are just like a sheep.”

So why don’t chickens fly? Because chicken squandered all the wealth given to him as king of the sky. When the other birds found out, he was banished from the air and became man’s favorite food.

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Rediscovering Truth: African Storytellers Tap Into Rich Tradition

Why don’t chickens fly? When did the moon learn to be kind? 

Those and other mysteries were unravelled by dozens of African storytellers in Nairobi on Saturday, helping keep alive oral traditions increasingly under threat in the internet and smartphone age.

“To have that storyteller in front of you with an audience being able to interact is something very precious that we are in danger of losing,” said Maimouna Jallow, who organized the one-day Re-Imagined Storytelling Festival in Kenya’s capital.

Although written history has existed for centuries in West Africa, elsewhere on the continent knowledge and morality have mostly been transmitted through performance art, including the spoken word.

Tales from East African villages

For her research, Jallow collected folk tales from East African villages. “Nearly everywhere I went people had no recollection of their own stories, and the generation who used to tell these stories are now in their 80s,” she told Reuters.

“For me it was really important to see how we preserve not only the stories but in particular the culture of telling (them).”

With nods to giants of African culture such as Thomas Sankara and Fela Kuti, those narrated in Nairobi addressed issues common to African societies, ranging from war and materialism to humility and respect for children, often with a contemporary twist.

Storytelling relevant for rapper

For Alim Bamara, a rapper from Sierra Leone who grew up in London, storytelling has never been more relevant or topical.

“There’s a story about truth, and how truth knocked on people’s doors, and was always rejected and turned away,” he told Reuters.

“One day, parable took truth home, and fed truth and clothed truth in story. “Now truth… knocked on those people’s doors and this time was readily welcomed.”

Accompanying some performances was Gambian kora (African harp) player Sanjally Jobarteh, whose family has kept alive oral histories for over seven centuries.

Why chickens don’t fly?

For Usifu Jalloh, from Sierra Leone, storytelling can help validate existence. 

“When Africans were enslaved, and when invaders came in, the first thing they did was wipe out the identity of the people that they conquered and superimposed theirs on top,” he said. “When you know your story, you have a lot of power. When you forget your story you are just like a sheep.”

So why don’t chickens fly? Because chicken squandered all the wealth given to him as king of the sky. When the other birds found out, he was banished from the air and became man’s favorite food.

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Mexico to Raise Base Wage, New Leader Pledges to Lift Buying Power

Mexico’s wage commission said on Monday it planned to hike the country’s minimum wage by 16 percent to around $5 per day and leftist President Andres Manuel Lopez Obrador pledged further increases to keep salaries apace with inflation.

The salary commission, made up of government, business and labor representatives, said the daily minimum wage would rise to 102.68 pesos from 88.36 pesos on Jan. 1, the biggest such hike since 1996.

“During many years the minimum wage has lost its purchasing power. Some say it has lost 70 percent of its purchasing power over the last 30 years,” said Lopez Obrador.

“We’re never going to have wage (increases) below inflation,” said Lopez Obrador, who took office on Dec. 1.

Low wages have helped to attract foreign companies to Mexico and create jobs, but also encourage migration to the United States. U.S. President Donald Trump argues that low wages south of the border kill U.S. jobs.

Lopez Obrador has called for doubling the minimum wage in northern states that border the United States in a bid to reduce inequality with neighboring U.S. areas.

In the area within 25 kilometers (16 miles) from the U.S. border, the minimum wage will be increased to 176.72 pesos per day, Mexican employers’ confederation Coparmex said in a statement.

Lopez Obrador’s maiden budget, delivered on Saturday, was welcomed by markets for pledging to stick to fiscal discipline, but the wage policy raised concerns that it could hit inflation and spark higher interest rates.

Benito Berber, chief economist for Latin America at Natixis, said Lopez Obrador’s new take on wages, including the commitment to keep pace with inflation, could push Mexico’s central bank to raise interest rates on Thursday.

“It seems the government is willing to accept higher inflation and perhaps stickier inflation,” Berber said. “Banxico has been clear that wage increases above productivity would entail tight monetary policy.”

($1 = 20.1160 Mexican pesos)

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‘Roma,’ ‘Burning’ Among Foreign Language Oscar Contenders

A number of Oscar hopefuls just got one step closer to a nomination with Monday’s reveal of nine Academy Awards shortlists, including best foreign language film where Alfonso Cuaron’s “Roma” and Lee Chang-dong’s thriller “Burning” are among nine films in consideration.

 

The Academy of Motion Picture Arts and Sciences on Monday announced shortlists for a number of below the line categories including hair and makeup, score, original song and best documentary, where crowd-pleasers like the Ruth Bader Ginsburg documentary “RBG” and the Fred Rogers film “Won’t You Be My Neighbor?” made the cut.

 

Shortlists, decided on by executive committees in the film academy, help narrow the playing field in many of the categories before they are whittled down further to five final nominations in late January.

 

Many believe Mexico’s “Roma” to be a front-runner for a best picture nomination as well, while the acclaimed “Burning,” which is based on a Haruki Murakami story, could make history by becoming South Korea’s first ever nominee.

 

Other films in contention include Poland’s “Cold War,” which was snubbed by the Golden Globe Awards, Lebanon’s “Capernaum,” Japan’s “Shoplifters,” Colombia’s “Birds of Passage,” Denmark’s “The Guilty,” Germany’s “Never Look Away” and Kazakhstan’s “Ayka.”

 

Notable documentary features also included on the shortlist include “Minding the Gap,” a 12-year odyssey about a group of skateboarders growing up in Rockford, Illinois, the too-wild-to-be-true “Three Identical Strangers,” about triplets separated by adoption at birth who find each other later in life, and the intense climbing film “Free Solo.”

 

This is the first time since 1979 that the film academy has released a shortlist for the music categories. Fifteen original songs were selected from 90 submissions and include “Shallow” from “A Star Is Born,” “All The Stars” from “Black Panther,” Dolly Parton’s “Girl in the Movies” from “Dumplin’,” and two songs from “Mary Poppins Returns” — “The Place Where Lost Things Go” and “Trip a Little Light Fantastic.”

 

“Mary Poppins Returns” and “Black Panther” were also shortlisted for best original score, as was “Vice” and “If Beale Street Could Talk,” which were both composed by Nicholas Brittell.

 

Nominations for the 91st Academy Awards will be announced on Jan. 22, with one month before the Oscars on Feb. 24.

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Google to Spend $1 Billion on New Campus in New York

Alphabet’s Google is investing more than $1 billion on a new campus in New York, becoming the second major technology company after Amazon to pick America’s financial capital to expand and create thousands of jobs.

The 1.7 million-square-foot campus, called Google Hudson Square, will include leased properties at Hudson Street and Washington Street, the company said in a blog post Monday. The new campus will be the main location for Google’s advertising sales division, the Global Business Organization.

Google hopes to start moving into two Hudson Street buildings by 2020, followed by a Washington Street in 2022 and will have the capacity to more than double its New York headcount, currently more than 7,000, in the next 10 years.

The company’s plans to invest outside its home base mirror those of other U.S. tech giants such as Apple Inc, which said last week it would spend $1 billion to build a new 133-acre campus in Austin, Texas.

Last month, Amazon.com Inc said it would open offices in New York and the Washington, D.C. area, creating more than 25,000 jobs.

Mountain View, California-based Google’s move to invest in prime real estate on the lower west side of Manhattan also underscores the growing importance of New York as a hub for innovation and an incubator for technology companies.

With a plethora of white-collar workers and good infrastructure, the city provides a better option to other places that would require more investment.

“We’re growing faster outside the Bay Area than within it,” said Ruth Porat, chief financial officer of Alphabet and Google.

It is a “fairly sensible” move for Google given the amount of available talent pool, Atlantic Equities analyst James Cordwell said.

It also makes sense for Google as New York has been the center for their core advertising business, Cordwell added.

U.S. corporations are also under pressure from the Trump administration to create more jobs domestically. Companies that have moved jobs overseas or closed factories have drawn sharp rebukes from President Donald Trump.

The Wall Street Journal reported last month that Google was nearing a deal to buy or lease an office building in New York City that could add space for more than 12,000 new workers.

Google’s first New York office at 111 Eighth Avenue is one of the city’s largest buildings that it bought in 2010 for $1.77 billion.

Earlier this year, the company announced a $2.4 billion purchase of the Manhattan Chelsea Market. It also has leased space on Pier 57 jutting into the Hudson, which will create a four-block campus.

Google shares were down 1.7 percent at $1,032.84 amid a broader market sell-off.

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Popular Outdoor Market Exudes Holiday Spirit

There’s something for everyone at the popular Downtown Holiday Market in Washington, DC.

Spreading holiday cheer

Every Christmas season for the past 14 years, small business owners from across the United States and overseas come to the heart of the nation’s capital to sell their crafts in a festive, village environment.

Visiting the market has become a fun annual tradition for locals and a nice surprise discovery for many out-of-town visitors who chance upon the two-block-long event with its neatly arranged rows of white tents.

They come to enjoy live music and exotic street food, but also to take advantage of the chance to find the perfect holiday gift…and meet the artisans who made the one-of-a-kind products for purchase.

A personal touch

“It’s a way to find authentic things that are handmade that have meaning beyond what you can find in a department store,” says Colorado resident Barbara Joseph, who’s in town to visit her family.

Her daughter, Jessica Hutzell, describes it as a more personal shopping experience, “because you’re talking maybe directly to the artist, or the person that made the beautiful piece of wood that you’re going to serve your cheese on.”

The wooden boards she’s describing come from Jeffrey Oh, who works with wood sourced from all corners of the U.S. in his DC area shop. There’s a photo in his booth of renowned Chef Jose Andres holding one of Oh’s signature boards, which he sells in a variety of wood grains, colors and textures.

Blazing glass

Glass artist Ryan Eicher drew a small crowd as he carefully aimed an open flame at a small piece of glass he was shaping into a sphere.

“I’m doing flame working,” he explained as he rotated the object at the end of a glass rod. “I’m making a glass pendant with a torch.”

“For me, being able to be out here and meet people and have them appreciate what I do, means a lot,” he says. “And I think the fact that I’m out here actually blowing glass helps people gain an appreciation for what I do and to understand the work and the effort that goes into each piece. It can be hard to really understand that without seeing the process.”

“It’s also a good sales tactic!” he added with a smile.

Crossing borders

Hector Zarate represents 17 native Peruvian artisans whose one-of-a-kind creations include ornaments, mirrors, and hand-woven alpaca clothing.

He says people enjoy meeting — or learning about — the people behind the products. “Anybody can shop online, anybody can go to a mall, but coming here makes it a very unique experience and a chance to buy something truly unique,” he said.

 

“I think the idea of engaging one-on-one with the artist, with the sources, with the people that represent the artist here is very important to them,” he added. “They feel connected, they feel like they’re supporting local businesses in a more direct way.”

Canadian visitor Kathryn was one of those people. After perusing the shelves at Zarate’s booth, she ended up buying a hand-woven scarf made of soft wool from a baby alpaca.

She excitedly lifted the new purchase from her shopping bag and explained how happy she was to have bought it. “I’d only gotten five or six stalls in, and here I am, buying something!”

Home-grown goodies and hoodies

Like-minded customers also enjoyed the experience of browsing through the covered booths while being able to talk with vendors about their handicrafts.

One customer found it hard to choose a scent among so many choices at a specialty soap shop. Another shopper, a soon-to-be-grandmother, couldn’t decide which onesie to buy for her unborn granddaughter. So she bought all three varieties. And a group of young women seemed to enjoy debating the definition of the perfect pair of silver earrings.

And that is a win-win experience for vendors and customers alike, says event co-founder and organizer Michael Berman.

“We do something a little bit different here where we really focus on the entrepreneurs as small-businesses, the artisans, the creators of their own products. So we really have unique items and unique gifts that you can’t find anywhere else. So in addition to the customer experiencing talking to the maker that you can’t do at a mall, it’s also this great interactive, festive atmosphere outside and is joyful and is fun and there’s something for everybody.”

Trendy arts

For some vendors, this year’s market also provided an opportunity to sell items that reflected the mood of the country.

Maryland-based Chouquette Chocolates, for example, developed a new line of artisan chocolates called “Phenomenal Women,” in honor of women “who have inspired us,” said Sue Cassidy, director of sales at the company.

One of the portraits molded in chocolate is of Supreme Court Justice Ruth Bader Ginsburg. “Our stores demanded that [her chocolates] have their own box, so she now has her own box and we can’t keep them in stock,” she said. “They are just selling like crazy!”

During its 31-day run, organizers expect more than 10,000 people will visit the market every day before it closes on December 23.

your ad here

Popular Outdoor Market Exudes Holiday Spirit

There’s something for everyone at the popular Downtown Holiday Market in Washington, DC.

Spreading holiday cheer

Every Christmas season for the past 14 years, small business owners from across the United States and overseas come to the heart of the nation’s capital to sell their crafts in a festive, village environment.

Visiting the market has become a fun annual tradition for locals and a nice surprise discovery for many out-of-town visitors who chance upon the two-block-long event with its neatly arranged rows of white tents.

They come to enjoy live music and exotic street food, but also to take advantage of the chance to find the perfect holiday gift…and meet the artisans who made the one-of-a-kind products for purchase.

A personal touch

“It’s a way to find authentic things that are handmade that have meaning beyond what you can find in a department store,” says Colorado resident Barbara Joseph, who’s in town to visit her family.

Her daughter, Jessica Hutzell, describes it as a more personal shopping experience, “because you’re talking maybe directly to the artist, or the person that made the beautiful piece of wood that you’re going to serve your cheese on.”

The wooden boards she’s describing come from Jeffrey Oh, who works with wood sourced from all corners of the U.S. in his DC area shop. There’s a photo in his booth of renowned Chef Jose Andres holding one of Oh’s signature boards, which he sells in a variety of wood grains, colors and textures.

Blazing glass

Glass artist Ryan Eicher drew a small crowd as he carefully aimed an open flame at a small piece of glass he was shaping into a sphere.

“I’m doing flame working,” he explained as he rotated the object at the end of a glass rod. “I’m making a glass pendant with a torch.”

“For me, being able to be out here and meet people and have them appreciate what I do, means a lot,” he says. “And I think the fact that I’m out here actually blowing glass helps people gain an appreciation for what I do and to understand the work and the effort that goes into each piece. It can be hard to really understand that without seeing the process.”

“It’s also a good sales tactic!” he added with a smile.

Crossing borders

Hector Zarate represents 17 native Peruvian artisans whose one-of-a-kind creations include ornaments, mirrors, and hand-woven alpaca clothing.

He says people enjoy meeting — or learning about — the people behind the products. “Anybody can shop online, anybody can go to a mall, but coming here makes it a very unique experience and a chance to buy something truly unique,” he said.

 

“I think the idea of engaging one-on-one with the artist, with the sources, with the people that represent the artist here is very important to them,” he added. “They feel connected, they feel like they’re supporting local businesses in a more direct way.”

Canadian visitor Kathryn was one of those people. After perusing the shelves at Zarate’s booth, she ended up buying a hand-woven scarf made of soft wool from a baby alpaca.

She excitedly lifted the new purchase from her shopping bag and explained how happy she was to have bought it. “I’d only gotten five or six stalls in, and here I am, buying something!”

Home-grown goodies and hoodies

Like-minded customers also enjoyed the experience of browsing through the covered booths while being able to talk with vendors about their handicrafts.

One customer found it hard to choose a scent among so many choices at a specialty soap shop. Another shopper, a soon-to-be-grandmother, couldn’t decide which onesie to buy for her unborn granddaughter. So she bought all three varieties. And a group of young women seemed to enjoy debating the definition of the perfect pair of silver earrings.

And that is a win-win experience for vendors and customers alike, says event co-founder and organizer Michael Berman.

“We do something a little bit different here where we really focus on the entrepreneurs as small-businesses, the artisans, the creators of their own products. So we really have unique items and unique gifts that you can’t find anywhere else. So in addition to the customer experiencing talking to the maker that you can’t do at a mall, it’s also this great interactive, festive atmosphere outside and is joyful and is fun and there’s something for everybody.”

Trendy arts

For some vendors, this year’s market also provided an opportunity to sell items that reflected the mood of the country.

Maryland-based Chouquette Chocolates, for example, developed a new line of artisan chocolates called “Phenomenal Women,” in honor of women “who have inspired us,” said Sue Cassidy, director of sales at the company.

One of the portraits molded in chocolate is of Supreme Court Justice Ruth Bader Ginsburg. “Our stores demanded that [her chocolates] have their own box, so she now has her own box and we can’t keep them in stock,” she said. “They are just selling like crazy!”

During its 31-day run, organizers expect more than 10,000 people will visit the market every day before it closes on December 23.

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Nissan Board Meets, no Chairman Picked to replace Ghosn

Nissan’s board met Monday but failed to pick a new chairman to replace Carlos Ghosn, who was arrested last month on charges of violating financial regulations, saying more discussion was needed.

 

Nissan Motor Co. Chief Executive Hiroto Saikawa told reporters that the board approved a special committee of outsiders to strengthen governance at the company. A date for the selection of a chairman was not decided.

 

“We plan to be cautious in this process, and I do not plan to rush this,” Saikawa said.

 

The recommendations for beefing up governance are due in March, and Saikawa said he was willing to wait until then to choose a chairman.

 

The board meeting came amid an unfolding scandal that threatens the Japanese automaker’s two-decade alliance with Renault SA of France and its global brand, and highlights shoddy governance at the manufacturer of the Leaf electric car.

 

Ghosn and another board member Greg Kelly were formally charged last week with falsifying financial reports in underreporting Ghosn’s income by about 5 billion yen ($44 million) from 2011 to 2015. They were arrested Nov. 19 by Tokyo prosecutors and remain in detention.

 

A source close to Ghosn’s family says Ghosn is innocent, as the alleged income was never decided upon or paid. Aubrey Harwell, the U.S. lawyer for Kelly, an American, says he is innocent, and that Nissan insiders and outside experts had advised him that the financial reporting was proper.

 

The chairman must be selected from among the board members. Three outside board members — race-car driver Keiko Ihara, Masakazu Toyoda, an academic, and Jean-Baptiste Duzan, formerly of Renault — are making that decision.

 

The special committee for governance includes the three outside board members and four other outsiders, including former judge Seiichiro Nishioka.

 

One candidate for chairman is Saikawa, who was hand-picked by Ghosn to succeed him as chief executive. He has denounced Ghosn and Kelly as the “masterminds” in a scheme to falsify income reports and abuse company money and assets.

 

Renault has kept Ghosn as chief executive and chairman, saying its investigation has not found wrongdoing in the awarding of Ghosn’s compensation.

 

Nissan Motor Co.’s allegations also include million-dollar homes in several nations, including France, Japan, Brazil, Lebanon and the Netherlands, purchased by Nissan or a subsidiary and used by Ghosn.

 

Wrangling over a home in Rio de Janeiro has developed into a court battle in Brazil, with Nissan seeking to block Ghosn’s family from retrieving items.

 

Ghosn was born in Brazil of Lebanese ancestry and holds French citizenship. He was sent in by Renault in 1999 to turn around Nissan from the brink of bankruptcy.

 

It’s unclear when Ghosn and Kelly may be released, with Tokyo prosecutors saying they are a flight risk.

 

 

 

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