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VATICAN CITY (Reuters) – Pope Francis met on Monday with Australian Cardinal George Pell, the Vatican’s former economy minister who has returned to Rome after the firing of an Italian cardinal whom Pell had accused of obstructing financial reform.

Pell was cleared earlier this year of sexual abuse charges in Australia after spending 13 months in prison, and it remains unclear whether he will take up another role in the Vatican.

The Vatican announced the meeting between Pell and Pope Francis in a statement on the pope’s daily private audiences, but gave no details. “It went very well,” Pell told reporters in front of his residence just outside the Vatican walls.

Pell returned to Rome on Sept. 30, just days after the pope fired Pell’s nemesis, Italian Cardinal Angelo Becciu, who was accused of embezzlement and nepotism. Becciu has denied all wrongdoing.

While Becciu was number two in the Vatican’s

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(Bloomberg) — The guardians of the global economy will gather this week under the cloud of the worst recession since the Great Depression, and a recovery dependent on scientists finding a coronavirus vaccine.

The International Monetary Fund and World Bank will hold their annual meetings, with both calling on the Group of 20 largest economies to extend a freeze in debt payments from the world’s poorest nations that’s set to expire at year end.

While the fund last month flagged a “small upward revision” to its 2020 growth forecast from its June outlook, it warned the rebound will be long and uneven.



chart, line chart: Goodbye V, Hello L


© Bloomberg
Goodbye V, Hello L

The IMF has been encouraging governments to spend whatever they need to confront the crisis, even while warning that debt as a percentage of GDP will rise to about 100% for the first time.

Fund officials earlier this month proposed reforms to

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Bookstore and barbershop owners greeted Democratic vice presidential nominee Kamala Harris in downtown Flint on Tuesday afternoon as the California senator kicked off a Michigan campaign swing. 

Harris chatted briefly with the owners of three Black-owned businesses: MagnifiClips, Comma Bookstore, and Bedrock Apparel, before walking down several blocks in Flint, waving and stopping briefly to speak with supporters. Former Detroit Shock and WNBA great Deanna Nolan led the tour of the downtown area. 

“We don’t lack for good ideas. We don’t lack for entrepreneurial spirit,” Harris said.

The visit to Flint, and the California senator’s subsequent stops in Detroit later Tuesday, signify the importance of Michigan to the campaign of Democratic presidential nominee Joe Biden. The Black-owned businesses in Flint were chosen because the COVID-19 pandemic has disproportionately impacted such businesses, the campaign said.

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NEW YORK (Reuters) – Global equities markets rallied on Tuesday, first on upbeat Chinese data and later on an increase in U.S. factory output, while the dollar see-sawed on uncertainty regarding the Federal Reserve’s outlook on the economy when policymakers meet this week.

Gold retreated and investors drove longer-term U.S. Treasury yields higher, steepening the closely watched yield curve, as the Fed began a two-day meeting.

U.S. factory production increased for a fourth straight month in August despite signs of strain in the recovery, while U.S. import prices rose more than expected, supporting the view that inflation pressures were building.

The Fed’ last Federal Open Market Committee meeting adopted on a new approach to inflation, voting to allow its pace to run above average for longer to ensure the recovery is not snuffed out just when the economy begins to roll.

“We believe the Fed’s commitment to stoking inflation could

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Having a professional-looking website is essential for any business in the best of times. As people spend more time indoors these days, however, it’s especially important to have a powerful web presence.

To get your business online, you could hire a web designer or take things into your own hands with Wix. It’s a website builder that enables business owners and their teams to create websites that are perfectly tuned to the business.

When you sign up for Wix, you get access to

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MILWAUKEE (AP) — Democratic vice presidential nominee Kamala Harris met the family of a Wisconsin man shot by police last month to kick off her Labor Day visit to a critical swing state, while President Donald Trump assailed the Democratic ticket and tried to put the halting economic recovery under the best light.

Harris gathered with Jacob Blake’s father, two sisters and members of his legal team at the airport in Milwaukee while Blake’s mother and attorney Ben Crump joined by phone. Blake joined the conversation by phone from his hospital bed, and Harris told him she was proud of him for how he was working through his pain, his attorneys said in a statement. Harris also spoke individually to each member of the family and discussed Biden’s police reform agenda, they said.

Joe Biden met with the family last week in Milwaukee before visiting Kenosha, the city where police

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Defence Minister Rajnath Singh, on Friday, pushed for the restoration of status quo ante at all friction points in eastern Ladakh during talks with his Chinese counterpart Gen. Wei Fenghe in Moscow, in the first highest level face-to-face contact between the two sides after the border row erupted in Ladakh in early May.

The focus of the talks that lasted nearly two and a half hours was on ways to resolve the prolonged border stand-off, sources said.

 

Defence Secretary Ajay Kumar and Indian Ambassador to Russia DB Venkatesh Varma were part of the Indian delegation at the talks that began at around 9:30 pm (IST) at a prominent hotel in Moscow following a request from Gen. Wei.

“The meeting between Raksha Mantri Shri @rajnathsingh and Chinese Defence Minister, General Wei Fenghe in Moscow is over. The meeting lasted for 2 hours and 20 minutes,” Singh’s office tweeted.

External Affairs Minister

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“Luck is what happens when preparation meets opportunity,” is a quote attributed to a Roman philosopher, Seneca. The sentiment captures a common thread we find in our research and analysis of the distinctions between financial advisors who achieve average results and those who are best-in-class.

Elite advisors, like those described in The Elite Advisor Playbook, ignite growth of their practice (opportunity) by being great marketers (preparation).

Before we get too far, let’s start with a simple question that isn’t quite as easy to answer as you might suspect: What’s the difference between client service and business development?

The obvious answer is that the latter seeks to attract new clients and the former seeks to keep existing ones happy. But to really answer the question in a thoughtful manner, you must first think about the most basic objectives of your firm — lowering client churn (client service) while adding more

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Earlier this week, Portland Mayor Ted Wheeler said he planned to offer solutions in the coming days to two issues he framed as the city’s most pressing: ongoing protests against police violence and the city’s economic recovery. By the week’s end, the mayor’s office had publicly announced two actions: a meeting with business leaders and an open letter to the Trump administration.

Wheeler, who is up for reelection, has seen a public clamoring for action from all sides. Businesses say they need help. The police force says it’s stretched thin. And each night protesters take to the streets, demanding the city bring about fundamental police reform and restrain its police, who are widely viewed as having responded to the nightly protests with disproportionate force.

In a Thursday evening release, the mayor’s office said he indeed had the business meeting he announced on Wednesday, checking in “with a broad range of

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The COVID-19 pandemic, nightly protests that sometimes result in violence and an ongoing homeless crisis have left some business owners feeling helpless.

PORTLAND, Ore. — If you haven’t been to downtown Portland recently, be warned, it’s changed.

People who are homeless seem to be everywhere, there is graffiti and garbage and blocks and blocks of boarded up windows. No one likes what has happened to the city.

“What was bad prior to COVID has gotten enormously worse. Which is a humanitarian crisis,” said Andrew Hoan.

Hoan leads the Portland Business Alliance, it’s the city’s version of a chamber of commerce with 1,900 members.

“It is absolutely catastrophic how many individuals are now on our streets,” Hoan said.

But the problem downtown is far greater than just challenges with the homeless. Three months of sometimes violent protests have left many business owners reeling. Some have seen their shops looted or robbed,

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