News 

U.S. import prices leap 0.7% in November on higher fuel costs

“Excluding fuel, import prices were unchanged, the government said Thursday” writes Jeffry Bartash for marketwatch.com. If fuel is omitted, the increase in import prices over the past year was a scant 1.4%.Higher import prices add to picture of slowly rising inflation in the U.S., though much of the gain lately has been driven by fuel.The increase in import prices over the past 12 months rose to 3.1% from 2.3%. Source: marketwatch.com Share This:

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As Olympics near, South Korea agonizes over post-Games costs

“As Olympics near, South Korea agonizes over post-Games costs FILE – In this Oct. 30, 2017, file photo, the Pyeongchang Olympic Stadium is still under construction in Pyeongchang, South Korea” writes Kim Tong-hyung for yahoo.com. Gangwon officials want the national government to share costs for rebuilding the forest, which could be as much as 102 billion won ($95 million). Source: yahoo.com Share This:

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How to fix Puerto Rico’s power system

“After all, Puerto Rico must spend billions of dollars to replace its destroyed power system anyway” writes Ben Schreckinger for politico.com. In addition, Puerto Rico has a ready source of funds to rebuild its power system: the federal government.Solar power could also increase the resilience of power supplies in Puerto Rico.The destruction is so great that Puerto Rico effectively needs to rebuild its electric power system from the ground up, an overhaul that will cost billions of dollars.California is also following this model as it pushes hard toward an energy…

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Mark Carney forced to explain why inflation has broken target 

“Inflation hit a five-year high of 3.1pc in November as food prices and transport costs pushed up the cost of living” writes Tim Wallace for telegraph.co.uk. Mark Carney, the Governor of the Bank of England, must now write a letter to Philip Hammond, the Chancellor, to explain why inflation is so far from the Bank’s 2pc target.Milk price inflation has more than doubled since the summer with costs up 4.9pc on the year, while fish costs are up 9.3pc and oils up 7.4pc.Road transport costs have risen 8.3pc and air…

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These are the 4 biggest challenges for Latin American startups

“Regardless of your definition of what Latin America is (i.e. some believe Puerto Rico is part of Latin America), Latin America has some of the highest marginal corporate tax rates in the world, with Argentina, Suriname, Brazil, and Venezuela all 34 percent or higher” writes Diego Fischer for thenextweb.com. Despite being the fastest-growing smartphone market in the world, Latin America suffers from multiple luxury taxes.For example, an iPhone costs 150 percent more in Argentina and even a basic laptop in Brazil costs around $1400.We in Latin America are the happiest…

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Crypto News 

Rising Transaction Costs Could Trigger a Bitcoin Price Crash: CME Economist

“A CME Group economist believes that rising transaction costs could cause a bitcoin price crash” writes unknown author for cryptocoinsnews.com. Erik Norland, an executive director and senior economist at U.S. derivatives exchange operator CME Group, published an article theorizing that the rising cost of bitcoin transactions could be an early indicator of an impending bitcoin price crash.In 2010, the cost per transaction reached parity with the bitcoin price, which was then valued at approximately $30. Source: cryptocoinsnews.com Share This:

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Markets News 

Tax plan could mean more homelessness

“Housing Bonds enable state governments to provide bond financing and Low Income Housing Tax Credits (Housing Credits) to nonprofit and private developers for housing that might otherwise be impossible to finance” writes Laura Mascuch for washingtonexaminer.com. Congress must make sure any final tax bill does not make homelessness even worse. Source: washingtonexaminer.com Share This:

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DS Smith profits slip on rising costs

“Rising costs have hit profits at packaging company DS Smith as higher prices for its materials weighed on otherwise strong results” writes Rhiannon Bury for telegraph.co.uk. Pre-tax profits slipped to £144m for the six months to October 31, from £146m a year earlier on higher paper prices and fibre costs, as well as costs associated with a recent US acquisition. Its shares were up as much as 4.82pc on Thursday, at 565p. Source: telegraph.co.uk Share This:

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