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The S&P 500 fell to a two-year low, ending a bear market rally

The new today - Mar, 27/09/2022 - 7:34pm

September 27 (Reuters) – The S&P 500 (.SPX) It fell to its lowest level in nearly two years on Tuesday, as the super-aggressive Federal Reserve policy tightening, trading below its June trough, left investors gauging how much more stocks could fall before settling.

Stocks have been under pressure since late August after the U.S. Federal Reserve’s comments and aggressive measures signaled the central bank’s top priority was to control high inflation, even at the risk of pushing the economy into recession.

The S&P 500 was last down 0.6% at 3,632.

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After the benchmark index plunged more than 20% from its early January highs on June 16, confirming that the pullback was indeed a bear market, the S&P would later run out of gas in mid-August.

That bear-market rally is now over.

“As long as the Fed continues to raise rates and investors don’t anticipate an end to rate hikes, I think this market will continue to be weak,” said Tim Krisky, senior portfolio strategist at Ingalls & Snyder. York.

Federal Reserve Chairman Jerome Powell’s speech at Jackson Hole reaffirming the central bank’s resolve to fight inflation was a major blow to the index that reignited selling pressure, following the Fed’s third rate hike of 75 basis points last week. The index has fallen more than 12% since Powell’s speech and has shown little sign of stabilizing.

Many analysts saw 3,900 as a strong technical support level for the index. This led to four days of selling 11 days ago.

“When you have these layers of selling like we saw from the Fed, support doesn’t really matter, you can cut right through it,” said Ryan Dedrick, chief market strategist at the Carson Group in Omaha, Nebraska.

“Fundamentals and logic are almost thrown out the window because we’re all wondering how hawkish the Fed is, and then you look around this week and all these central banks around the world have raised interest rates this week, and we’re all thinking about how hawkish the Fed can be. The bank should be present not only now, but also in other parts of the world.”

Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut, said he views a break below 3,000 as support for the S&P.

“People are concerned about the Federal Reserve, the direction of interest rates, the health of the economy and earnings season in the next two weeks and companies reporting lower-than-expected earnings.”

Analysts are still looking for signs of investor capitulation that could indicate selling pressure has worn off. But this year’s sell-offs lacked all of those ingredients — a sharp drop in prices, unusually high volumes and a spike in the CBOE volatility index. (.VIX) 40 or more. Therefore, many investors conclude that the sell-off has not yet bottomed out.

“It goes down, you get some decent volume, but you don’t have classic signs of capitulation,” said Brian Jacobson, senior investment strategist at Allspring Global Investments in Menomonie Falls, Wisconsin.

“Enough may have changed over the years that some of those indicators may not be the best guide to the future.”

Investors are looking for the next catalyst to stabilize markets or get them cheap enough to start buying again, whether central bank actions could begin to rein in inflation, a weakening labor market and what the upcoming corporate earnings season could bring.

“On (October 7), you get the jobs report and next week you get the inflation report, so we’ll be waiting on pins and needles to see what those numbers say and then you get earnings,” Jacobson said.

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Report by Chuck Mikolajczak; Additional reporting by Noel Randevich and Angika Biswas; Editing by Alton Bentley, Franklin Ball, Nick Zieminski and Chisu Nomiyama

Our Standards: Thomson Reuters Trust Principles.

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As global stock markets edged lower in November 2020, sterling has recovered somewhat

The new today - Mar, 27/09/2022 - 11:34am

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  • The dollar hit a 20-year low on Monday
  • Germany’s 10-year bond yield hit an 11-year high
  • Oil rose to a nine-month high on Monday

LONDON/HONG KONG, Sept 27 (Reuters) – Global stock markets rose to a 21-month low on Tuesday and sterling suffered a record fall against the dollar a day earlier on UK plans for tax cuts.

US S&P futures rose 0.94% after Wall Street plunged deeper into a bear market on Monday, with the 10-year Treasury yield falling from the previous session’s 12-year and the dollar falling from the 20-year in a basket of currencies.

However, markets remain jittery after US Federal Reserve officials on Monday said their priority was to contain domestic inflation. read more

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“US rate expectations have risen significantly,” said Andrew Hardy, investment manager at Momentum Global Investment Management, although he added that “there is already a large amount of inflation in the markets.”

Markets are pricing in a 76% probability of another 75 basis point move at the next Federal Reserve meeting in November.

Central bank speakers on Tuesday included Fed President Jerome Powell and ECB President Christine Lagarde.

MSCI World Equity Index (.MIWD00000PUS) It rose 0.29% on Monday after hitting its lowest level since November 2020. European shares rose more than 1%, as did Britain’s FTSE (.FTSE) Up 0.6%.

Sterling fell to a record low of $1.0327 on Monday as government tax cut plans announced on Friday came on top of huge energy subsidies.

The British currency recovered 4.6% from Tuesday’s low to $1.0801.

After the pound’s collapse, the Bank of England said it would not hesitate to change interest rates and was monitoring markets “very closely”. read more

Bank of England Chief Economist Huw Bill will address a panel at 1100 GMT.

A lack of confidence in the government’s strategy and its funding hammered gilts on Friday and again on Monday.

The yield on five-year gilts rose as much as 100 basis points in two trading days, though it fell to Tuesday’s high.

“(It’s) definitely something that’s coming out…we’re just at a very early stage of seeing how the market digests that kind of information,” said Yuting Shao, macro strategist at State Street Global Markets.

“Of course the tax cut program itself is really intended to stimulate growth and ease household burdens, but it raises the question of what the implications are in terms of monetary policy.”

Spillover from Britain kept other assets on edge.

A bond selloff in Japan pushed Bank of Japan yields to the ceiling and prompted more unplanned purchases from the central bank.

Germany’s 10-year bond yield briefly hit a fresh nearly 11-year high of 2.142%.

Ten-year U.S. Treasury yields were down 3.2 bps after hitting a high of 3.933% on Monday.

MSCI’s broadest index of Asia excludes Japan (.MIAPJ0000PUS) It hit a new two-year low before jumping 0.5%. Nikkei of Japan (.N225) Up 0.5%.

The dollar index fell 0.13% to 113.72, its strongest since May 2002, after touching 114.58 on Monday.

The European single currency rose 0.24% to $0.9629 on the day after hitting a 20-year low a day earlier.

Oil rose more than 1% after falling to a nine-month low a day earlier, amid signs that producer alliance OPEC+ may implement production cuts to avoid further falls in prices.

U.S. crude rose 1.4% to $77.70 a barrel. Brent crude was up 1.27% at $85.20 a barrel.

Gold, which hit a 2-1/2-year low on Monday, rose 0.8% to $1,634 an ounce.

Bitcoin broke above $20,000 for the first time in about a week as cryptocurrencies rose along with other risk-sensitive assets. read more

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Xie Yu report; Editing by Edmond Claman, Muralikumar Anantharaman, and Raisa Kasolowski

Our Standards: Thomson Reuters Trust Principles.

Categorie: Grenada

Putin grants citizenship to Edward Snowden, who revealed US wiretapping

The new today - Mar, 27/09/2022 - 3:33am

Russian President Vladimir Putin on Monday granted citizenship to Edward Snowden, a former National Security Agency contractor who leaked information about US surveillance programs.

The decree signed by Putin covers 72 foreigners, but Snowden is the most prominent. He fled the US in 2013 and was granted asylum in Russia.

Snowden, 39, who considers himself a whistleblower, was granted permanent residency in Russia in 2020 and has applied for a Russian passport without giving up his US citizenship, his lawyers said at the time.

His wife Lindsey Mills is now applying for Russian citizenship, his lawyer Anatoly Kucherena told state-run news agency RIA Novosti on Monday. Mills joined Snowden in Moscow in 2014. They got married in 2017. Snowden tweeted Monday night that they are parents to two boys.

After years of separation from our parents, my wife and I did not want to be separated from our sons.

After two years of waiting and nearly ten years of migration, a little stability would make a difference for my family. I pray for privacy for them and all of us.

— Edward Snowden (@snowden) September 26, 2022

Kucherena said Snowden would not be subject to a partial military mobilization ordered by Putin last week to help Russia’s flag-waving war in Ukraine. Only men with previous military experience were to be called – and there are widespread reports that many more were summoned – and Snowden had not served in the Russian military.

White House spokeswoman Karine Jean-Pierre referred questions about his new status to prosecutors seeking his extradition. “We will direct you to the Department of Justice for any details on this because I believe there are criminal charges against him,” Jean-Pierre said.

Snowden’s revelations, Published First The Washington Post and The Guardian were the most consequential intelligence breaches in American history. He revealed the NSA’s access to millions of Americans’ phone records, which was later found illegal by a federal appeals court and sealed.

He also revealed details of industry cooperation with NSA intelligence-gathering in a separate project. Those revelations greatly damaged the intelligence community’s relationship with the US technology industry.

In 2017, in a documentary produced by American director Oliver Stone, Putin said Snowden was “not a traitor” for leaking government secrets.

“Think what you will about Snowden and Russia,” wrote Jameel Zaffer, executive director of Columbia University’s Knight First Amendment Institute, in a tweet on Monday. “He did an enormous public service by exposing mass surveillance programs that many courts later found unconstitutional.”

The NSA, the Justice Department and the Office of the Director of National Intelligence declined to comment Monday on Snowden’s new status. But Sue Gordon, a former principal deputy director of national intelligence, said his acceptance of Russian citizenship “takes away any illusion of what he’s doing.” [through his disclosures] It was to help America.”

“I think it’s a very questionable decision,” he continued, “now that we know what Russia does to become a Russian citizen. I think it undercuts any patriotic argument he might have made then.

Snowden explained his decision to seek dual citizenship in 2020 on Twitter.

“After many years of separation from my parents, my wife and I do not want to be separated from our son. That is why, in this era of pandemics and closed borders, we are applying for dual US-Russian citizenship,” he wrote.

“Lindsay and I will remain Americans and raise our son with all the values ​​of America that we hold dear — including the freedom to speak his mind. And I look forward to the day I return to the States so the whole family can be reunited,” she said. was added.

Former Director of National Intelligence James R. Clapper acknowledged Monday that “we should have been more transparent” about the bulk phone records collection targeting Americans.

“But he exposed a lot of damaging foreign intelligence capabilities that had nothing to do with so-called domestic surveillance,” Clapper said.

Clapper said: “What a great time to be a Russian citizen.”

Karen Deung contributed to this report.

The War in Ukraine: What You Need to Know

Latest: Russian President Vladimir Putin announced a “partial demobilization” of troops in a September 21 address to the nation, framing the move as an attempt to defend Russian sovereignty against the West, which seeks to use Ukraine “as a tool to divide and destroy Russia.” Follow our Live updates here.

Fighting: A successful Ukrainian counteroffensive forced a major Russian retreat in the northeastern Kharkiv region in recent days, as troops fled towns and villages they had occupied since the early days of the war and abandoned large amounts of military equipment.

Affiliate polls: The referendums, which are illegal under international law, will be held from September 23 to 27 in the breakaway regions of Luhansk and Donetsk in eastern Ukraine, according to Russian news agencies. Another staged vote will be held starting Friday in Kherson by a Moscow-appointed administration.

Photos: Washington Post photographers have been in the field since the start of the war – Here are some of their most powerful works.

How you can help: Here are ways people in the US can do it Help support the Ukrainian people as well as What people around the world have donated.

Read our full coverage The Russia-Ukraine crisis. Are you on Telegram? Subscribe to our channel For updates and exclusive video.

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GBN - Grenada - Lun, 26/09/2022 - 8:03pm

What grade between one and ten will citizens give to the national democratic congress following its initial 90 days in office?

Reviewing the promises made and the outcomes that followed since the NDC administration assumed control in June.




Categorie: Grenada


GBN - Grenada - Lun, 26/09/2022 - 7:54pm

A group of young people got their chance to engage the ministry of finance on topics that they believe should be addressed in the 2023 budget.

Categorie: Grenada


GBN - Grenada - Lun, 26/09/2022 - 7:46pm

Prime Minister Dickon Mitchell speaks at high-level multi-stakeholder event

Categorie: Grenada


GBN - Grenada - Lun, 26/09/2022 - 7:43pm

As government prepares for budget 2023, plans are afoot to ensure that every sector is properly represented economically, in the revenue of estimates and expenditure due to be presented to the Grenadian people before the end of the year.


Categorie: Grenada

Putin granted Russian citizenship to American whistleblower Snowden

The new today - Lun, 26/09/2022 - 7:31pm

Former US National Security Agency contractor Edward Snowden is seen on screen during an interview via video link at the New Knowledge educational online forum on September 2, 2021 in Moscow, Russia. REUTERS/Olesya Astakhova

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Sept 26 (Reuters) – President Vladimir Putin on Monday granted Russian citizenship to former U.S. intelligence contractor Edward Snowden, nine years after revealing the extent of the National Security Agency’s (NSA) secret surveillance operations.

Snowden, 39, fled the US and sought refuge in Russia after leaking classified files in 2013 that revealed vast domestic and international surveillance operations carried out by the NSA, where he worked.

For years, US officials have wanted him returned to the US to face criminal charges of espionage.

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There was no immediate reaction from Snowden, with no Kremlin comment on Putin’s decree granting citizenship to a list of 72 foreign-born people.

The news prompted some Russians to jokingly ask whether Snowden would be called up for military service, five days after Putin announced Russia’s first public mobilization since World War II to bolster its faltering invasion of Ukraine.

“Will Snowden be drafted?” Margarita Simonyan, editor-in-chief of state media RT and a vocal Putin supporter, wrote with dark humor on her Telegram channel.

Snowden’s lawyer, Anatoly Kucherena, told the RIA news agency that his client could not be called because he had not previously served in the Russian military.

Snowden’s wife, Lindsay Mills, who gave birth to a son in 2020, will also apply for citizenship, he said.

In 2020, Russia granted Snowden permanent residency, paving the way for him to obtain Russian citizenship.

That year, a U.S. appeals court found that the program Snowden exposed was illegal and that the U.S. intelligence chiefs who publicly supported it were not telling the truth.

Putin, the former head of Russian intelligence, said in 2017 that Snowden, who kept a low profile while living in Russia, was wrong to leak US secrets, but not a traitor.

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Reported by Reuters; Editing by Mark Trevelyan

Our Standards: Thomson Reuters Trust Principles.

Categorie: Grenada

Oil prices fell for a second day on worries about an expected slowdown

The new today - Lun, 26/09/2022 - 11:30am

On this chart for July 24, 2022, oil barrel patterns are seen in front of a rising stock chart. REUTERS/Dado Ruvic/Illustration

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Sept 26 (Reuters) – Oil prices fell for a second day on Monday as global interest rates rose, an expected global slowdown dampened fuel demand and curbed non-dollar consumers’ ability to buy crude.

Brent crude for November settlement was down $1.35, or 1.57%, at $84.80 a barrel by 0640 GMT. The contract fell to $84.51, its lowest since Jan. 14.

US West Texas Intermediate (WTI) crude futures for November delivery were down $1.15, or 1.46%, at $77.59. WTI fell to $77.21, its lowest since Jan. 6.

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Both contracts fell about 5% on Friday.

The dollar index, which measures the greenback against a basket of major currencies, hit a 20-year high on Monday.

A strong greenback tends to reduce demand for dollar-denominated oil because buyers using other currencies have to spend more to buy crude.

Central banks in countless oil-consuming countries, including the world’s biggest crude user, the United States, have raised interest rates to combat rising inflation.

“A backdrop of global monetary policy tightening by major central banks to curb high inflation and a spectacular run in the greenback in more than two decades has raised concerns about an economic slowdown and is acting as a key headwind for crude oil prices,” said Sukanda Sachdeva, vice president of commodity research at Relicare Broking.

Sachdeva expects WTI prices to find a floor at $75 a barrel, while $80 for Brent will act as a cushion.

Oil market disruptions from the Russia-Ukraine war have provided some support to prices as European Union sanctions on Russian crude begin in December.

Russell Hardy, chief executive of energy trader Vitol, said fuel exports expected to go to Asia and the Middle East would be affected as Russia’s oil supplies go to Europe.

In addition, Hardy said at an oil conference in Singapore that one million barrels per day (bpd) of US crude oil is expected to go to Europe to fill the gap in Russian supplies. read more

The head of Colombian state energy company Ecopetrol said at the same conference that it would sell more oil to Europe instead of Russian supplies, while seeing growing competition for market share in Asia. read more

Attention has turned to what the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, led by Russia, might do when they meet on October 5 after agreeing to modestly cut output at their last meeting.

But with OPEC+ producing below its target output, any announced cuts will not have much of an impact on supply.

Data last week showed OPEC+ missed its target by 3.58 million bpd in August, a bigger shortfall than in July. read more

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Mohi Narayan in New Delhi, Sonali Paul in Melbourne; Editing by Ana Nicolaci da Costa and Christian Schmollinger

Our Standards: Thomson Reuters Trust Principles.

Categorie: Grenada

Italy election 2022: Giorgia Meloni to succeed Mussolini as country’s far-right prime minister — poll

The new today - Lun, 26/09/2022 - 3:29am


Early polls suggest Italy will be led by the most far-right government since Benito Mussolini’s fascist era.

A coalition of far-right parties led by Brothers of Italy by Georgia Meloni The party – which has its origins in post-war fascism – is on track to win 41 to 45% of the vote in Sunday’s general election, according to data from Roy’s exit pollster Beopoli.

The ultra-conservative Brothers of Italy party is likely to get between 22 and 26% of the vote, with coalition partners Matteo Salvini’s League between 8.5 and 12.5% ​​and Silvio Berlusconi’s Forza Italia between 6 and 8%. Vote.

Meloni, head of a far-right coalition, is now set to become Italy’s first female prime minister. Final results are expected early Monday.

Meloni’s party has seen a rise in popularity in recent years, winning just 4.5% of the vote in the last 2018 election.

Their popularity underscores Italy’s long-standing rejection of politics, seen most recently with the support of anti-establishment parties such as the Five Star Movement and the Salvinis League.

Celebrating early results Sunday evening, Salvini tweeted, “Centre-right with clear gains in both House and Senate! It’s been a long night, but I want to say thank you already.

Mother Meloni, 45, from Rome, who campaigned under the slogan “God, country and family”, leads a party that has proposed cuts to Euroscepticism, anti-immigration policies and LGBTQ and abortion. rights.

A centre-left coalition led by the left-wing Democratic Party and the centrist Party +Europe is set to win 25.5% to 29.5% of the vote, while former prime minister Giuseppe Conte appears to be trying to revive the Five Star Movement. It did not win, taking only 14 to 17% of the vote.

Democrats conceded defeat Monday morning, calling the results a “sad evening for the country.”

“Undoubtedly, in light of the data seen so far, Georgia Maloney’s pull to the right cannot claim victory. It’s a sad evening for the country,” Democrat Deborah Cerchiani told reporters.

Sunday’s snap national election was triggered by party infighting that saw the collapse of Prime Minister Mario Draghi’s government in July.

Voters went to the polls amid several new regulations, including one day instead of two.

Other changes include a lower voting age for the Senate and a reduction in the number of seats to be elected – from 685 to 400 in the Senate and from 315 to 200 in the lower house of Parliament. That parliament is scheduled to convene on October 13, when the state president will call on party leaders to decide on the form of the new government.

The build-up to the election was dominated by hot-button issues including Italy’s cost-of-living crisis, a €209 billion package from the European Covid-19 recovery fund and the country’s support. Ukraine.

Meloni differs from coalition leaders Berlusconi and Salvini on several issues, including Ukraine, and has no ties to Russian President Vladimir Putin, who, unlike the pair, has said he wants to review sanctions against Russia. The Italian economy. Meloni instead remains steadfast in his support for the defense of Ukraine.

The incoming prime minister – the sixth in just eight years – will be tasked with tackling those challenges, along with rising energy costs and the country’s most pressing economic uncertainty.

Although Meloni made history as Italy’s first female prime minister, her politics did not necessarily mean she was interested in advancing women’s rights.

Emiliana de Blasio, adviser on diversity and inclusion at LUISS University in Rome, told CNN Meloni “doesn’t raise all the questions about women’s rights and empowerment in general.”

Sunday’s results mark recent victories for other far-right parties in other European countries, with Sweden’s anti-immigration party, the Sweden Democrats – a party with neo-Nazi roots – expected to play a key role in the new. The government after winning the second largest number of seats in the general election earlier this month.

In France, far-right ideologue Marine Le Pen lost the French presidential election to Emmanuel Macron in April, her popular vote shifting France’s political center dramatically to the right.

Categorie: Grenada

Europe holds its breath as Italy prepares to vote for far-right leader | Georgia Meloney

The new today - Dom, 25/09/2022 - 7:28pm

Italians are voting in an election predicted to deliver the country’s most far-right government since World War II, and a prime minister poised to become a role model for nationalist parties. Europe.

Alliance led by Georgia Maloney Brothers of ItalyThe neofascist-looking party is expected by polls ahead of the vote to secure a comfortable victory, with 44 to 47% of the vote in both houses of parliament.

Meloni’s party is also set to win the majority of votes within the coalition, which includes Matteo Salvini’s far-right League and Forza Italia. Silvio BerlusconiThat means she could become Italy’s first female prime minister.

However, the coalition’s victory raises questions about the country’s alliances in Europe, and while Meloni may try to send reassuring messages, his power grab is unlikely to be welcomed in Paris or Berlin.

Germany’s ruling Social Democratic Party warned last week that his victory would be bad for European cooperation. Lars Klingbeil, head of President Olaf Schaals’ SPD, said Meloni had aligned himself with “anti-democratic” figures such as Hungarian Prime Minister Viktor Orbán.

Earlier this month, Maloney’s MEPs voted against a resolution It condemned Hungary as a “hybrid regime of electoral autocracy”.. Meloni is allied with Poland’s ruling nationalist Law and Justice party, the anti-immigration Sweden Democrats and Spain’s far-right Vox party.

The 45-year-old firebrand politician from Rome received an endorsement from Vox at the end of his campaign, saying the two parties were linked by “mutual respect, friendship and loyalty” while expecting a victory for the Brotherhood of Brothers. Italy Vox will give some impetus in Spain.

“Meloni has the ambition to represent a model not only for Italy but also for Europe – this is new [for the right in Italy] compared to the past,” said Nadia Urbinati, a political theorist at New York’s Columbia University and the University of Bologna. “He has connections with other conservative parties who want a Europe with less civil liberties … the model is there and the plan is there.”

Mattia Diletti, a professor of politics at Rome’s Sapienza University, said Meloni would win because of his ideological but also practical performance, which allowed him to elevate French far-right leader Marine Le Pen to the post of Western Europe. A model for nationalism.

However, he is unlikely to rock the boat, at least initially, as he looks to secure continued cash flows under Italy’s €191.5bn (£166bn) EU Covid rescue plan, the largest in the EU. The coalition has said it does not want to renegotiate the plan, but wants to make changes.

Matteo Salvini, Silvio Berlusconi, Giorgia Meloni and Maurizio Lupi attend a political meeting organized by the right-wing political alliance in Rome on Thursday. Photo: Riccardo Fabi/NurPhoto/REX/Shutterstock

“Ambiguity is key to understanding Meloney,” Dilette said. “She is very keen to compromise with the EU on economic politics. But if the EU pushes her too hard on the Italian government, she can always return to her safe zone as a populist right-wing leader. She will do whatever it takes to stay in power.

Salvini’s possible return to the interior ministry would also dampen hopes of progress in the EU’s long-running effort to reform its migration system by sharing asylum seekers among member states. Salvini, who has close ties to Le Pen, said he “can’t wait” to resume his policy of barring migrant rescue ships from entering Italian ports.

In Ukraine, Meloni has condemned Russia’s invasion and supported sending arms to the war-torn country, but it is unclear whether his government will support the eighth round of EU sanctions being debated in Brussels. Salvini said the sanctions would bring Italy to its knees, although he never blocked EU action against Russia when Mario Draghi’s broad coalition government collapsed in July.

Polling started at 7 am on Sunday, with about 19% voter turnout till noon. The share of undecided voters before the polls began was 25%, meaning the right-wing coalition could win a slimmer majority than pollsters had initially suggested. A left-wing coalition led by the Democratic Party is projected to win 22-27% of the vote.

Many places in southern Italian regions, such as Puglia and Calabria, are also capable of playing after a mini-revival by populists. Five Star MovementThe party regained support after pledging to maintain its flagship policy of basic income if it returns to power.

A booth in Rome’s multicultural Esquilino district saw a steady stream of voters on Sunday morning, but the mood was one of despair.

“We feel like we’re on a boat without a rudder,” Carlo Russo said. “During the election campaign, all we heard were exchanges of insults between various parties rather than an exchange of ideas. In such chaotic moments, people tend to vote for the person who appears to be stronger.

Fausto Macari, who runs a newspaper stand, said he would not vote for the right, but was not sure who he would support. “The choices are bad,” added Makari, who is in his 60s. “For example, I look at Berlusconi and he reminds me of a comic character. He shouldn’t be doing politics at his age. At my age, I would be like Maradona trying to be a footballer.

Many Italians who support Meloni do so because he has yet to be tried and tested in government, and are impressed by his determination and loyalty to his principles.

“She presents herself as a capable woman, but not arrogant,” Urbinati said. “She does everything and is dedicated, but without this masculine adrenaline, wanting power at all costs.”

Categorie: Grenada

Super typhoon carding: Philippines on red alert as Noru approaches

The new today - Dom, 25/09/2022 - 11:27am


The Philippines has issued a severe emergency warning as a typhoon approaches.

The storm, known locally as Super Typhoon Carding, suddenly strengthened and reached super typhoon status early Sunday morning local time in the Philippines.

“The highest emergency preparedness and response protocol has been implemented in Metro Manila, Central Luzon, Calabarzon, Mimaropa and Bicol region,” the National Disaster Risk Reduction and Management Council said.

As strong winds are expected within the next 18 hours, the public is advised to be cautious

The typhoon is expected to make landfall in the northern part of Quezon or the southern part of Aurora in the evening, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said in an hourly telecast.

It said it had not ruled out earlier landfall in the Bolillo Islands in the afternoon.

Schools in several cities, including Muntinlupa City and Aurora, suspended classes on Monday, September 26 as the storm approached.

According to CNN Weather, Noru now has winds equivalent to a Category 5 US hurricane.

It is expected to bring large waves and storm surge, torrential rain and winds of up to 200 km (124 mph) to Luzon in the next 24 hours.

PAGASA issued a fourth signal warning for the Polillo Islands in anticipation of possible extensive damage from the storm.

The warning was issued after the storm rapidly intensified in the early hours of Sunday morning.

A satellite image released by NASA on Saturday shows Typhoon Nuru approaching the Philippines.

It strengthened from 140 km (85 mph) to a 250 km (155 mph) super typhoon in just six hours, the Joint Typhoon Warning Center said.

PAGASA also issued level two and three warnings for most of Luzon, including Metro Manila.

Meanwhile, the officers inside Japan Two people have died in landslides caused by Tropical Storm Dalas, he said on Sunday.

One person is missing after his car plunged into a river, the Shizuoka prefectural government said.

Trees and debris are washed away by Tropical Storm Talas in Shimada, Shizuoka Prefecture, Japan on September 24, 2022.

According to the Japan Meteorological Agency, the prefecture recorded its highest daily rainfall ever, including 416.5 mm (more than 16 inches) at Tsuruka-ku in Shizuoka city.

During the rains, the province urged the evacuation of 1,200,000 homes – approximately 3 million people.

More than 1,000 houses and numerous roads in the province were flooded, and several bridges collapsed, it said.

Categorie: Grenada

Tropical Storm Ian is forecast to reach Category 4 strength as it heads toward Florida

The new today - Dom, 25/09/2022 - 3:26am

It was about Ian 255 miles south of Kingston, Jamaica Saturday 6 pm According to the National Hurricane Center, it is moving west at 16 mph. “There will be significant strengthening in the next few days,” the center said.

The forecast shows Ian “as a major hurricane over the eastern Gulf as it approaches the west coast of Florida,” after briefly passing Cuba at or near major hurricane strength, the center said Friday. According to the Hurricane Center’s most recent forecast cones, the entire Florida panhandle and nearly the entire west coast of the state could be at risk.

After strengthening overnight, Ian — previously known as Tropical Depression Nine — has maximum sustained winds of 45 mph (75 km/h) and is forecast to reach hurricane status within the next two days as it approaches the Cayman Islands early Monday morning.

Ian is then expected to rapidly intensify into a Category 3 hurricane before reaching western Cuba early Tuesday morning. Conditions are very favorable for strengthening and the National Hurricane Center’s forecast now brings Ian to a Category 4 hurricane in the Gulf of Mexico.

“As Ion is not expected to remain in Cuba for long, little weakening is expected due to that land contact,” the hurricane center explained.

Forecast models vary by Saturday afternoon over where Ian makes landfall on Florida’s coast. The European model shows landfall near Tampa on Thursday morning, while the US model shows landfall near Pensacola on Friday morning. There also continues to be considerable uncertainty on the track into the middle of next week.

The official hurricane center track splits the difference between the models and shows landfall north of Tampa on Thursday morning.

Mask and hand sanitiser added to hurricane preparedness checklist Florida Governor Ron DeSantis expanded Urgent order Saturday covered the entire state from 24 districts, citing “the above-mentioned conditions, which will create a major disaster.”

“Florida’s Division of Emergency Management, in conjunction with the National Hurricane Center, has evaluated weather forecasts and determined that there is a continuing risk of dangerous storm surge, heavy rain, flash flooding, strong winds, hazardous seas and isolated hurricane activity for Florida. The peninsula and Florida Big Bend, North Florida and Northeast parts of Florida,” the order says.

Under a statewide emergency order, members of the Florida National Guard will be activated and on standby for orders.

President Joe Biden on Saturday approved a disaster declaration for the tropical storm, which is forecast to reach the state as a hurricane later this week.

“The President’s action authorizes the Department of Homeland Security, the Federal Emergency Management Agency (FEMA), to coordinate all disaster relief efforts aimed at alleviating the hardship and suffering of local populations,” the White House said. A press release.

Ian is Florida’s first major hurricane in four years

If it strengthens to a Category 3 or higher before reaching Florida, Ian will become a major hurricane. Hurricane Michael in 2018, was a monster Category 5 storm when it hit the Florida Panhandle. Michael and rapidly escalated Before it creates a landslide, one event is overdone Ocean temperatures are warming due to the climate crisis.

A hurricane warning has been issued for Grand Cayman, and a tropical storm watch is in effect for Little Cayman and Cayman Brac in the Cayman Islands. A tropical storm watch has been discontinued for Jamaica.

The governor urged those in the potential path of the storm to prepare.

“This storm has the potential to strengthen into a major hurricane and we encourage all Floridians to make their preparations,” DeSantis said in a news release. “We are coordinating with all state and local government partners to monitor the potential impacts of this storm.”

Forecasters are urging residents to prepare

It was a slow start to what was forecast to be an above-average hurricane season. Only one storm made landfall in the US, and no hurricanes made landfall or threatened adjacent states.

Now, a week past the peak of hurricane season, the tropics appear to be waking up, and forecasters worry that people have let their guard down.

“After a slow start, the Atlantic hurricane season has picked up quickly,” tweeted Bill Klotzbach, a research scientist at Colorado State University.

“People let their guard down and think, oh, yeah, we’re out of the woods,” hurricane center spokeswoman Maria Torres told CNN. “But really, the season continues. We’re still in September; there’s still October. Anything that develops over the Atlantic or the Caribbean is something we have to watch very closely.”

The Atlantic hurricane season ends on November 30.

Regardless, if you live in the Caribbean, Florida, and other states along the Gulf Coast, pay attention to updated forecasts this weekend and early next week.

Categorie: Grenada

Louise Fletcher, ‘Nurse Ratched’ actress, dies at 88

The new today - Sab, 24/09/2022 - 7:25pm


Louise Fletcher won an Academy Award for her portrayal of the villainous Nurse Ratched. “One Flew Over the Cuckoo’s Nest” He died on Friday in France, his agent David Schall said. She is 88 years old.

Without providing further details, Schall said Fletcher died of “natural causes.” Family surrounded her at her home in Montdurausse.

Schall, who said he has worked with Fletcher for the past few decades, says he lives in a converted 300-year-old farmhouse there and has a residence in Los Angeles.

“France was her favorite place on the planet; she built a house in a beautiful place she loved,” he said. “She’s a great woman – what a career.”

Fletcher’s Oscar came after a long break from acting to raise her children for her second film.

“One Flew Over the Cuckoo’s Nest” stars Jack Nicholson as a new patient at a mental institution where Mildred Ratchet – played by Fletcher – rules as a dictatorial, controlling nurse.

In her Oscar speech, Fletcher sweetly thanked her “Cuckoo’s Nest” co-stars, then acknowledged her deaf parents watching at home, using sign language.

Louise Fletcher Best Actress: Won the 1976 Oscars

“I want to thank you for teaching me to dream. You see my dream come true,” she told them.

The film won the first five Oscars of 1975 – best picture, director Milos Forman, adapted screenplay, actor Nicholson and actress Fletcher.

Behind the likes of Hannibal Lecter and the Wicked Witch of the West, his character was considered one of the greatest villains in film history in a list compiled by the American Film Institute.

In 2020, Fletcher’s character inspired a spinoff, the Ryan Murphy TV series “Ratched”.

Fletcher also went on to star in the series “Star Trek: Deep Space Nine” and played Helen Rosemond in the 1999 film “Cruel Intentions.” Most recently, she appeared in the Netflix comedy series “Girl Boss” and “Shameless.”

Fletcher is survived by his two sons, John and Andrew Pick; his sister, Roberta Ray; and a granddaughter. Fletcher married Jerry Pick in 1959, and the two divorced in 1977.

Categorie: Grenada

Home run no. Aaron Judge Chasing 61: Follow Every At-Bat!

The new today - Sab, 24/09/2022 - 3:22am

Aaron Judge Thursday night was very close to making history.

It was close to tying the AL HR record of the Yankees’ Aaron Judge Roger Morris

Aaron Judge hit his 61st homer of the season and was just feet away from winning the game for the New York Yankees in the bottom of the ninth inning against the Boston Red Sox.

Judge, the batting leadoff, will have another shot Friday night to tie Roger Morris’ American League home run record of 61. New York Yankees to go against Boston Red Sox In the second game of their three-game series.

Follow along here to catch each of Judge’s pads.

First Batting: Strikeout

Judge was dismissed swinging at a full count in his first at-bat.

Second at-bat: Flight out

Judge flew out to left field in his second at-bat in the third inning.

Third at-bat: Strikeout

Judge struck out swinging in his third trip to the plate in the fifth inning.

Looking for more Aaron Judge content? We’ve got you covered below!

Goes from 0-60

Want to see Judge’s 60 home runs so far this season? Say no more.

A-Rod: “Judge’s legend has only grown”

The former Yankees great Alex Rodriguez Discusses Judge’s historic season, and considers why he’s doing it as a member of the Bronx Bombers, a franchise where the bright lights rarely dim.

Alex Rodriguez discusses the greatness of Aaron Judge’s historic season

Alex Rodriguez discusses the greatness of Aaron Judge's historic season

FOX MLB analyst and former New York Yankee Alex Rodriguez discusses the magnitude of Aaron Judge’s historic season as he tries to surpass Roger Morris’ AL home run record.

Morris family: “It’s obviously mixed feelings”

Fox Sports’ Ken Rosenthal Roger Morris Jr. and the Morris family spoke about approaching Judge and passing his father’s home run record.

Ken Rosenthal talks with the family of Yankees legend Roger Maris

Ken Rosenthal talks with the family of Yankees legend Roger Maris

Ken Rosenthal talks to the children of New York legend Roger Maris about Aaron Judge, who chased the Yankees’ record for most home runs in a single season.

Time to admire the judge’s brilliance

Fox Sports’ Martin Rogers Tracing Judge’s history, he says, is not only a chance to revel in his prodigious talent, but also a chance to remember old titans like Babe Ruth and Roger Morris.

Aaron Judge’s year as “most impressive offensive season in 25 years”

Year of Aaron the Judge "Most impressive offensive season in 25 years"

Yankees slugger Roger Maris is one home run away from the AL record. Nick Wright explains that he believes Judge’s run “may be more impressive than Barry Bonds’ 73”.

Judge for AL MVP…right?

Despite Judge’s statistical brilliance — he’s on track to win the AL Triple Crown — a Superstar in Los Angeles It’s the second consecutive season that he’s putting up unprecedented numbers on the mound and at the plate.

Shohei Ohtani vs Aaron Judge: The AL MVP debate

 The AL MVP debate

Ben Verlander and Alex Curry provide their weekly American League MVP update as Aaron Judge and Shohei Ohtani continue to make their case for the award.

Will the Yanks keep Judge?

Crazy to think about, right?

Judge is a free agent after this season, and given his dominance this year, his price tag could be … steep.

Can he make it out of The Big Apple?

Aaron Judge tied the AL record one home run shy

Aaron Judge tied the AL record one home run shy

Bayless and Shannon Sharpe rank among the greatest HR hitters of all time as Judge.

Get the most out of Major League Baseball Follow your favorites to get updates on games, news and more.

Categorie: Grenada


GBN - Grenada - Ven, 23/09/2022 - 7:48pm

Representatives of the Grenada Spice Mas corporation will be heading to Tobago at the end of October to promote Spice Mas and Grenada during the neighboring island’s 2022 carnival period.

Categorie: Grenada


GBN - Grenada - Ven, 23/09/2022 - 7:44pm

17-year-old Abel Mark is no stranger to the camera as he has shown the state of Grenada that he is a resilient young man who has overcome all despite his challenges. this young man has just started another chapter in his life, as he is now a first-year student at the T.A. Marryshow Community College.

Categorie: Grenada


GBN - Grenada - Ven, 23/09/2022 - 7:38pm

Boosting energy security and lowing carbon emissions in the fight to keep 1.5 alive was the goal coming from Cop 26.

The question of how can Grenada benefit from financing for renewable energy investments from the ECCB.

Categorie: Grenada


GBN - Grenada - Ven, 23/09/2022 - 7:32pm

A former government minister and businessman are questioning the security of Grenada’s court system as He expresses his concerns on the outcome of the Alexander Clack appeal case this week.


Categorie: Grenada

The Dow fell nearly 600 points into bear market territory, setting new lows for the year

The new today - Ven, 23/09/2022 - 7:21pm

Stocks fell on Friday to cap a brutal week for financial markets, as rising interest rates and foreign currency volatility fueled fears of a global recession.

The Dow Jones industrial average fell more than 700 points to below 30,000, a new low for the year. The 30-stock index is down 20% from its highs in what is known as bear market territory on Wall Street. It last traded 548 points or 1.8% lower. The S&P 500 fell 2% to a new 2022 closing low, while the Nasdaq Composite fell about 2%.

“The market is shifting clearly and quickly from concerns about inflation to concerns about an aggressive Federal Reserve campaign,” said LBL Financial’s Quincy Crosby. “You’re seeing bond yields rise to levels we haven’t seen in years — that changes the mindset of how the Fed gets to price stability without breaking something.”

British pound scored a New lows in more than three decades Markets now fear inflation above all else after a new UK economic plan that includes tax cuts against the US dollar. Major European markets Lost 2% on the day.

“It’s a global macro mess that the market is trying to sort out,” Crosby said.

Friday marked the fourth negative session in a row for the major averages. The central bank implemented another super-sized rate hike of 75 basis points on Wednesday and indicated it would do another at its November meeting.

Zoom iconArrows point outward

Bond yields rose this week following the Fed’s actions, with the 2-year and 10-year Treasury rates hitting highs not seen in a decade.

Goldman Sachs It cut its year-end S&P 500 target It predicts a decline of at least 4% from here as rates continue to rise.

Stocks most vulnerable to a recession led the S&P 500’s consumer discretionary sector to lose 7% this week. Energy fell more than 9% due to falling oil prices. Growth stocks fell on Friday, including big tech names Apple, Amazon, Microsoft and MetaPlatforms.

“Based on our client discussions, the majority of equity investors accept the view that a hard landing scenario is inevitable, and their focus is on the timing, size and duration of the recession and investment strategies for that outlook,” Goldman Sachs wrote. In a note to David Ghost’s clients, he narrows his view.

The major averages are on pace for their fifth decline in the past six weeks. The Dow is up about 4.5% this week, while the S&P and Nasdaq are both down 5.2% and 5.5%, respectively.

Categorie: Grenada