America’s pressing inequality problem, distilled down into one telling chart

Last month, Moody’s Investors Service issued a report warning that rising income inequality in the U.S. could ultimately lead to a debt downgrade. The crux of the gloomy outlook is that the deficit is likely to surge as inequality increases the need for more social spending to support the lower class. This, as tax cuts continue to bolster the wealthy. […]

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Scandals, jail sink Peru's Fujimori dynasty again

LIMA (Reuters) – Peru’s Fujimori family has been here before. When Alberto Fujimori fled graft allegations and resigned Peru’s presidency by fax from Japan in 2000, many thought the family name and the right-wing populist brand he built during his decade in power were ruined. But his daughter Keiko, a Columbia Business School graduate who once served as his first […]

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Trump, Xi upbeat on U.S.-China trade disputes ahead of meeting

WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump and Chinese President Xi Jinping both expressed optimism on Thursday about resolving their bitter trade disputes ahead of a high-stakes meeting planned for the two leaders at the end of November in Argentina. Trump said on Twitter that trade discussions with China were “moving along nicely” and that he planned to meet with […]

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Trump to give remarks on immigration: White House

WASHINGTON (Reuters) – U.S. President Donald Trump will make remarks on immigration on Thursday before he leaves for a political rally, a White House official told Reuters. Trump has ramped up his hardline stance on illegal immigration, an issue that appeals to his core supporters, ahead of the Nov. 6 elections that will determine if his fellow Republicans keep control […]

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PDVSA ex-executive admits taking bribes in guilty plea in U.S. court

CARACAS (Reuters) – A former finance executive of Venezuelan state oil company PDVSA accepted $17 million in bribes as part of a broad embezzlement scheme, U.S. federal prosecutors said on Wednesday, in a case that implicates a French oil firm and a Russian bank. The former executive, Abraham Ortega, admitted to taking the bribes as part of a guilty plea […]

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U.S. presence at Cuba trade fair dwindles given Trump hostility

HAVANA (Reuters) – A yellow excavator, forklift and other heavy equipment made by U.S. firm Caterpillar (CAT.N) gleam outside Cuba’s annual trade fair, reflecting once-bright hopes for increased U.S.-Cuban commerce fanned by the 2014 detente between the old Cold War foes. But inside the pavilion where U.S. firms present their wares, only eight have stands this year, according to a […]

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Brazil elects firebrand Bolsonaro in major swing to the right

RIO DE JANEIRO/BRASILIA (Reuters) – Jair Bolsonaro, a far-right firebrand former Army captain, won Brazil’s presidential election in convincing fashion, wooing voters with promises to gut endemic political corruption and wage a brutal battle against powerful drug gangs. Bolsonaro, who early in his legislative career declared he was “in favor” of dictatorships and demanded that Congress be disbanded, vowed after […]

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Mexico president-elect defends airport vote against fraud charges

MEXICO CITY (Reuters) – Mexico’s President-elect Andres Manuel Lopez Obrador on Friday defended a public consultation about whether to continue the construction of a new Mexico City airport, rejecting criticism the vote was rigged. The poll, which runs from Oct. 25 to Oct. 28, will show if voters think Lopez Obrador’s administration should finish the ambitious but costly new hub, […]

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