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...slowdown, appear to be engaging in a rate race to the bottom. China on Oct. 29 cut its interest rates for the third time in six weeks, and the BOJ is expected to cut its key policy rate below the current 0.5% soon. Though rates in Japan are already almost nil, Tokyo's hand is to an extent being forced by Washington. That's because as U.S. rates fall, fewer investors are willing to hold U.S. dollar debt, which undermines the value of American currency vs. the yen - and a stronger yen is bad news for Japan. It makes...
...Federal Reserve announced Wednesday afternoon that it was lowering its target short-term interest rate to 1%. Big deal. Almost everybody was already expecting the half-point rate cut that the Fed delivered, and the actual federal-funds rate (as opposed to the target rate) has mostly been below 1% for the past three weeks anyway. The stock market's reaction? A yawn, as the Dow closed down 74 points...
Strict veganism prohibits the use of animal product, even if it isn't food, but like any lifestyle choice that ends in "-ism," there are plenty of people who cheat. The vitamin B12 is found almost entirely in animal products, so many vegans eat fortified food or take a vitamin to get the right amount. And while American vegetarianism has broken free of its philosophical and religious roots, becoming an accepted health choice - many restaurants offer vegetarian options and most dinner party planners now ask "is anyone vegetarian?" before planning the menu - veganism is still tied to the animal-rights...
...Kinsley names Winston Churchill as a leader who was great because he was astringent. But Churchill never won an election through astringency. In the 1930s, when he was warning of the Nazi peril, he was almost uniformly rejected as a crank. He was not elected Prime Minister in 1940; rather, he was installed by a Parliament that deferred elections until after the war. When one was finally held, in 1945, Churchill was voted out of office. We need not only great leaders but also a public great enough to accept their leadership. M.L. Cross, Stephenville, Texas...
...dozens of times. That a loving family can be emotionally disturbed by party politics, in America of all places, shows how tolerance is being destroyed, leading the civilized world to disaster. I live in a country where real democracy was suspended for two generations, but where for the past almost 40 years, loving and united families voted for opposite political extremes, and where groups of opposing political supporters crossed the street to greet each other. May God bring back sanity to America. A.J.R. Soares de Mello, LISBON...