US Federal Reserve cuts key lending rate by quarter point

Washington— The Federal Reserve cut its key interest rate by a quarter point on Wednesday – its third cut this year – but also signaled it expects to lower rates more slowly next year than before. Mainly due to still high inflation. The Fed’s 19 policymakers estimated they would cut their benchmark rate by a … Read more

In Venezuela, twice as many dollars circulate as bolivars in cash

In bolivars, only the equivalent of 3.24 billion dollars circulates, estimates say. The dollars circulating in Venezuela are stagnant because dollarization is informal. In Venezuela, the circulation of US dollars in cash doubled that of bolivars, the local currency. According to the most recent study by the socioeconomic analysis firm Ecoanalítico, in November of this … Read more

Iranian exile Mohammad Rasoulof is Germany’s Oscar entry – DW – 12/18/2024

The Academy of Motion Picture Arts and Sciences announced Tuesday that 15 films have now been shortlisted for the 2024 Oscar race for Best International Feature Film. Among them is Germany, which presents Mohammed Rasoulof’s latest film, “The Seed of the Sacred Fig.” The work was inspired by the massive protests in Iran in 2022 … Read more