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Saturday, feb 1
Tag:
Colombia
News
Fed Pauses Interest Rate Cuts Despite Trump's Push For Immediate Reduction
The Federal Reserve kept its key interest rate in place, pausing further cuts and ignoring a demand by President Donald Trump to immediately drop rates. After three months of reductions, the Fed decided to keep the key interest rate target at 4.25 to 4.5 percent. The Fed announced the decision on Wednesday, Jan. 29, after its first meeting since President Trump returned to the White House. Chair Jerome Powell said the Fed is monitoring inflation and economic stability under the Trump administration. "We remain committed to supporting maximum employment, bringing inflation sustain…
Business
Arabica Coffee Prices Spike Amid Colombia-US Tariff Dustup
Prices of Arabica coffee hit record highs in the aftermath of threats of tariffs by both the United States and Colombia after a dispute involving migrant deportation flights. Arabica futures hit a record of $3.56 in the Intercontinental Exchange on Monday, Jan. 27, a day after the back-and-forth dustup a day earlier, according to The Wall Street Journal. The previous record of $3.48 was recorded in early December. The US imports about 30 percent of its coffee from Colombia. Colombia agreed to accept the flights after earlier turning back two planes. This prompted President Donald Trump to…
Politics
Colombia Agrees To Accept Migrant Deportation Flights After Trump Threatens 25% Tariffs
Colombia, one of the United States' key allies in Latin America, has agreed to accept migrant deportation flights after earlier turning back two planes, prompting President Donald Trump to threaten steep sanctions. Trump said Sunday afternoon, Jan. 26 that he would impose "emergency" 25-percent tariffs on Colombian goods after it blocked the flights. But negotiations between the countries led to an agreement late Sunday night and Trump withdrew the tariff threats. “The Government of Colombia has agreed to all of President Trump’s terms, including the unrestricted acceptance of all undocume…
Politics
Trump Threatens 25% Tariffs After Colombia Turns Back Flights Carrying Migrants From US
President Donald Trump says he will impose 25 percent "emergency" tariffs on Colombian goods after the key South American ally refused to allow two two flights from the US carrying migrants to land. Click here for a new, updated story - Colombia Agrees To Accept Migrant Deportation Flights After Trump Threatens 25% Tariffs "The US cannot treat Colombian migrants as criminals," Colombia President Gustavo Petro said in a statement on Sunday, Jan. 26. "I deny the entry of American planes with Colombian migrants into our territory. "The US must establish a protocol for the dignifie…
Lifestyle
Greenwich's Lisa Lori Makes Smiles Possible For Her Own Children And Thousands of Others
Can anything be sweeter to a mother than her child’s smile? Corners of the mouth turned up in mischievous glee or sleepy contentment. Now imagine your child cannot smile because of physical challenges like cleft palates or facial paralysis. What do you do then? A mother does everything she can. Lisa Lori, Greenwich resident and owner of The Perfect Provenance (a luxury lifestyle store and café at 47 Arch Street in Greenwich), was overjoyed to be pregnant with her first child 18 years ago. Suffering from an auto-immune disease (she is now in remission), she was told her condition could not…
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