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- 11/19/18--13:50: _Lamborghini preview...
- 11/19/18--13:02: _Italy's Venerable V...
- 11/19/18--18:39: _Italian Town Catche...
- 11/19/18--18:12: _When Will Washingto...
- 11/21/18--21:55: _Barrett, McKenzie r...
- 11/21/18--22:05: _Forex Today: Kiwi s...
- 11/21/18--22:10: _Italian PM Conte re...
- 11/21/18--22:36: _EU's Moscovici: Com...
- 11/21/18--22:43: _Austria's FinMin Lo...
- 11/21/18--23:32: _EUR/USD firmer, aro...
- 11/22/18--00:06: _Italy: Judged "part...
- 11/22/18--00:26: _Italy’s Salvini: Go...
- 11/22/18--01:23: _EU’s Moscovici: It ...
- 11/22/18--01:51: _US Dollar Index on ...
- 11/22/18--02:38: _Italian PM Conte: N...
- 11/22/18--03:12: _Italy’s Di Maio: ED...
- 11/22/18--03:39: _Amazon workers acro...
- 11/22/18--07:47: _Italy’s investors a...
- 11/22/18--06:44: _Italy's Tria: No re...
- 11/22/18--08:32: _ECB minutes: Doubts...
- 11/19/18--13:50: Lamborghini previews one-marque racing SUV with Urus ST-X concept
- 11/19/18--18:39: Italian Town Catches 58,000 Drivers Speeding In Just 2 Weeks
- 11/21/18--21:55: Barrett, McKenzie retained in All Blacks XV to play Italy
- 11/21/18--22:36: EU's Moscovici: Commission `prudent' on Italy – Corriere della Sera
- 11/21/18--22:43: Austria's FinMin Loeger: Italy must `pay the consequences'
- 11/21/18--23:32: EUR/USD firmer, around 1.1400 ahead of ECB
- 11/22/18--00:26: Italy’s Salvini: Government will not backtrack on budget proposals
- 11/22/18--01:51: US Dollar Index on the defensive near 96.60
- 11/22/18--02:38: Italian PM Conte: Not ready to backtrack on any point of the budget
- 11/22/18--03:12: Italy’s Di Maio: EDP measures against Italy would be unfair
- 11/22/18--07:47: Italy’s investors adjust to market’s new normal
- 11/22/18--06:44: Italy's Tria: No reason for extraordinary measures to defend savings
- 11/22/18--08:32: ECB minutes: Doubts about the growth picture - ING
Lamborghini will take its Urus SUV racing, and on Saturday it debuted a preview of the mean green racing machine in the form of the Urus ST-X race concept. Lamborghini showed the Urus ST-X concept at its Super Trofeo 2018 World Finals in Vallelunga, Italy. The concept previews the race-ready SUVs that will compete in a new one-make series in 2020...
Reported by MotorAuthority 6 hours ago.
Italy's gourmet chocolatier Venchi opened its flagship NYC location last week—a narrow, festive storefront near Union Square that features a full gelato counter, towering walls of treats, extravagant coffee drinks, made-to-order crepes, and, in the back cascading behind the entire seating area, what is purportedly North America's largest chocolate waterfall. These seem like the kind of thing you'd want to be more compact, but sure, it certainly is an impressively expansive display at 10 feet high and 45 feet wide. [ more › ] Reported by Gothamist 7 hours ago.
When the tiny Italian town of Acquetico set up a trial speed camera, it did not expect to see a probable record: 58,568 speeding offences in just two weeks, BBC News reports. Local mayor Alessandro Alessandri set up the pilot after dozens of the 120 residents complained about speeding. But even he could hardly believe the results that arrived on his desk. The data showed, on average, a speeding car passed every few minutes in the 50km/h (31mph) zone – with the worst offender reaching 135km/h (84mph)."It's really madness, considering that we have inhabitants who regularly move within the village and cross the road."– Alessandro Alessandri to Italy's Ansa news agency. One Italian newspaper...
Reported by WorldNews 57 minutes ago.
Powerful political women are becoming more common on our screens.
Robin Wright is playing the president on “House of Cards,” Elizabeth Marvel’s character sits in the Oval on “Homeland,” and on CBS’ “Madam Secretary,” Téa Leoni’s Elizabeth McCord is planning her move from Secretary of State to the White House. Selina Meyer may have lost the Presidency on “Veep” in Season 6, but she’s back on the presidential campaign trial in Season 7.
America is not there yet, but Hollywood may be moving it closer. The popularity of these story lines, combined with celebrities willing to tell their #MeToo stories and create the #TimesUp movement, has infiltrated the public zeitgeist and arguably left a mark on the midterm elections.
*Also Read:* Anita Hill, Rosanna Arquette and 12 Other Powerful Women at TheWrap's Power Women Summit (Exclusive Photos)
Over 100 female politicos will soon be pouring into Congress. Future stars in this unusually diverse, youthful and winning class will include Katie Hill, Sharice Davids, Elissa Slotkin, Mikie Sherrill and others.
They will be watched closely. Needless to say, it was not always thus.
We think back to the 1940s, for example, when there were fewer than a handful of political women to watch. Yet, even when they were surrounded by teeming testosterone, two women, in particular, drew attention, albeit not always for the right reasons.
Clare Boothe Luce and Helen Gahagan Douglas were glamorous and mediagenic, and happened to be married to famous men. Luce, wife of media magnate Henry, was a Republican from Connecticut, and Douglas, wed to the movie star Melvyn Douglas, was a progressive from California.
The two actually enjoyed each other’s company, but the press corps had little interest in that. Reporters tried constantly to create a Congressional “catfight,” no matter how many times the charismatic pair crossed the aisle.
*Also Read:* 'Slow Burn' Host Leon Neyfakh Explains the Trouble With Impeaching Trump (Podcast)
Maybe the press was confusing Luce and Douglas with the gossipy gang of Luce’s 1936 play, (and subsequent star-studded film) “The Women.” As for Douglas, despite her obsession with issues like women’s health care, and prices at the supermarket, press conferences included piercing questions about her dress and hat size. Her “friendship” with LBJ was more than hinted at.
Both women were generally perceived as dilettantes, serving in one kind of “house” until the hubbies came back from the war. In fact, Luce was an accomplished writer, and Douglas had been an international opera singer and star on Broadway. (With top billing over Melvyn when they met on a show.)
Luce went on to become the first female ambassador to a major world power (Italy), and Douglas to enter the 1950 race for U.S. Senate against her California colleague, Richard Nixon. He announced his candidacy by noting, “My opponent is a woman” and pledged, “There will be no name-calling, no smears, no misrepresentation in this campaign.”
Then, of course, Nixon began his incessant accusations that Douglas was too close to Communism, “pink right down to her underwear.” Among other contrasts to the elections just completed, think of what that color meant then, versus what the pink pussy hats and pink wave represented this time around.
As for similarities? Yes, that was the time of McCarthyism, with fear, fury and divisiveness being engendered in high places. Well, caravans and collusion are instilling many of the same emotions.
We can only imagine what those two lonely, lovely congresswomen would have thought of a time when so many women would be entering their House. They would surely have applauded the current group, which comes in all colors, is involved with a multitude of local issues, includes many who served in the military, and are balancing careers with families.
If journalists would dare ask them some of the questions asked in the ’40s, they’d be thrown out of the newsroom. (Or should be.)
Though that hasn’t stopped some pundits from already cloaking their misogyny in snide fashion commentary. On November 15, one male reporter for the Washington Examiner tweeted, “that jacket and coat don’t look like a girl who struggles,” along with a photo from behind of newly elected Bronx congresswoman Alexandria Ocasio-Cortez in a tailored suit ensemble. That tweet has since been deleted.
As Vox’s Liz Plank sharply pointed out, in a response to the Examiner reporter, “Would you call a male member of congress a boy?”
Like their predecessors, Luce and Douglas, this new class of women entering Congress will be watched closely — from their political moves to their sartorial choices. Fortunately, they will be surrounded by many other women doing the same thing for the first time. They may not always be on the same side, but we predict debates, not catfights, and maybe even the real-life versions of our current reel-life leaders.
*Related stories from TheWrap:*
Julia Louis-Dreyfus Shares Breast Cancer Update, Reveals Her Favorite 'Veep' Scene (Video)
'Veep': First Look at Jonah Ryan's Presidential Campaign (Photo)
'Veep' Season 7 Will Be HBO Comedy's Shortest Ever Reported by The Wrap 1 hour ago.
New Zealand All Blacks retain Beauden Barrett, Damian McKenzie in starting lineup for Italy test
Reported by FOX Sports 22 hours ago.
FX today was a quiet affair today in Asia, as investors remained on the sidelines amid Thanksgiving holiday-thinned trading. The US dollar saw some softness against its main peers while the Asian markets traded mixed amid a lack of fresh catalysts. The in-line with expectations Japanese CPI numbers also had little impact on the markets, as minimal volatility and low volumes prevailed.
However, the Kiwi witnessed heavy selling pressure and was knocked down to the 0.68 handle while its OZ peer, the Aussie also traded on the back foot near 0.7250. The USD/JPY pair treaded water around the 113 handle, unable to find a clear direction amid fresh doubts over the Fed rate hike outlook. Both the EUR and the GBP were better bid, but the bulls appear not out of the woods yet. Meanwhile, oil and gold prices traded modestly flat, consolidating the moves seen on a volatile Wednesday.
*Main Topics in Asia*
German Finance Ministry sees easing growth in the future
Japan National CPI clocks in at 1.4% as expected
Goldman Sachs on possible early policy adjustment from the BoJ
Japan to spend JPY 2 trillion to counter the impact of 2019 sales tax hike
UK PM Theresa May had “good" talks with Spanish PM Sanchez over Gibraltar matter
Irish FinMIn Coveney: Irish parliament overwhelmingly backs Brexit divorce deal
*Canada unveils budget tax break, set to widen deficit further - Reuters*
Gold is chipping away at key trendline hurdle as investors assess Fed outlook
German car bosses invited to White House to discuss tariffs - Handelsblatt
*Key Focus Ahead*
We have a data-quiet European session heading into the Thanksgiving price-action, with no first-tier economic data due for release. The second-liner Swiss industrial production for Q3 will be reported at 0815 GMT. Meanwhile, the ECB monetary policy meeting accounts due at 1230 GMT could offer some fresh incentives to the EUR, GBP traders. However, the Brexit-related and Italian political headlines will continue to remain the main market drivers amid low liquidity.
In the NA session, the Canadian Financial review report will be published at 1430 GMT, following the BOC policymaker Wilkins” speech at 1445 GMT. At 1500 GMT, the Eurozone consumer confidence figures for November will drop in, as the US markets celebrate the Thanksgiving holiday.
Besides, we have plenty of central bankers” speeches that will cover:
0915 GMT – ECB's Angeloni due to speak at a Banking Union conference.
1115 GMT – ECB's Angeloni again.
1630 GMT – ECB’s Weidmann, Knot and Visco to speak at their respective events.
1700 GMT - ECB's Mersch.
2055 GMT BOE board member Saunders.
EUR/USD: Italy-German yield differential retreats from 5-yr highs ahead of ECB minutes
The crucial support of 1.1359, however, would come into play if the ECB minutes show policymakers are worried about the rise in Italian bond yields and are considering abandoning plans to end the QE program in December.
GBP/USD hobbled at 1.2780 as the well-dented Brexit can gets another kick
The GBP/USD is seeing choppy action in Thursday's pre-London market session, bouncing between 1.2770 and 1.2790, with thin liquidity on the cards as GBP traders await further developments on Brexit.
The markets have been remarkably muted
Markets have been remarkably muted, even by holiday standards as we’re left to mull of the markets forever changing landscape.
Reported by FXstreet.com 22 hours ago.
According to ANSA news agency, the Italian Prime Minister Conte is reported to address the Italian parliament today.
Conte to present an urgent report on the dispute with the European Commission, ANSA reported further.
Recall that the European Commission rejected Italy's budget again on Wednesday. Reported by FXstreet.com 22 hours ago.
Corriere della Sera, an Italian daily newspaper, reports comments by the Pierre Moscovici, European Commissioner for Economic and Financial Affairs, with the key headlines found below.
Commission `prudent' on Italy.
Commission statements not moving markets on Italy. Reported by FXstreet.com 22 hours ago.
Austria's Finance Minister Hartwig Loeger expresses his thoughts on the *Italian budget issues*, in an interview with the Italian daily, La Stampa.
Italy must `pay the consequences'.
Italy could pose stability risks for all. Reported by FXstreet.com 21 hours ago.
· *The pair is up smalls around 1.1400 the figure on Thursday.*
· *The greenback remains under pressure and close to 96.50.*
· *ECB minutes next of relevance in Euroland later in the day.*
*EUR/USD* continues its slow recovery following Tuesday’s deep pullback to the 1.1360/55 band, managing to advance for the second straight session and regain the 1.1400 neighbourhod.
*EUR/USD looks to ECB, Brexit, Italy*
The pair is up for yet another session around the 1.1400 handle and always vigilant on developments from Italy and the Brexit negotiations, all amidst thin trade conditions and scarce volatility due to the Thanksgiving Day holiday in the US markets.
In fact, the political situation in Italy keeps gyrating around the 2019 draft budget and the potential sanctions against the country from the European Commission, the so called ‘excessive deficit procedure’.
In the meantime, uncertainty around Brexit remains high while all eyes remain upon PM T.May’s visit to Brussels to discuss the deal later today.
Data wise in Euroland, the ECB will publish its minutes from the latest meeting and the European Commission will release the flash reading of the Consumer Confidence for the current month.
*EUR/USD levels to watch*
At the moment, the pair is gaining 0.18% at 1.1404 facing the next barrier at 1.1502 (high Nov.7) seconded by 1.1505 (55-day SMA) and finally 1.1553 (100-day SMA). On the flip side, a break below 1.1359 (low Nov.20) would target 1.1352 (10-day SMA) en route to 1.1214 (2018 low Nov.12). Reported by FXstreet.com 21 hours ago.
Analysts at Danske Bank note that the European Commission announced its final verdict in Italy's 2019 budget plan and is judged to be "particularly seriously" non-compliant with the debt criterion (i.e. insufficient reduction in its debt/GDP ratio) and the budget envisions marked backtracking on past growth-enhancing structural reforms which warrants opening of a debt-based excessive deficit procedure.
“The report is the first step before formally opening an excessive deficit procedure after a qualified majority vote at the ECOFIN council. However, the Italian BTP market led the EGB yields lower as according to media, Salvini for the first time in weeks struck a slightly more conciliatory tone towards the EU.”
“Given the improved risk sentiment and the apparent new rhetoric from Salvini it points towards further BTP performance today.” Reported by FXstreet.com 20 hours ago.
Italy's deputy Prime Minister Matteo Salvini was out with some comments in the last hour, reiterating the government will not change their stance on the budget and tax citizen’s savings.
*Additional quotes: *
• Will talk to Moscovici, Juncker on budget.
• Doesn't want to fight with anyone.
• Bond yields spread cannot be controlled by the government. Reported by FXstreet.com 20 hours ago.
Pierre Moscovici, European Commissioner for Economic and Financial Affairs, remained convinced that a budget agreement can be reached with Italy and said that it is in everyone's interests to reach an agreement.
Reported by FXstreet.com 19 hours ago.
· *The index trades with red figures around the 96.60 region.*
· *Low volatility is expected today as US markets will be closed.*
· *Brexit, Italy set to dictate the sentiment today.*
The *US Dollar Index* (*DXY*), which gauges the greenback vs. a basket of its main rivals, is trading on a weak note in the 96.60 area amidst thin trade conditions due to the Thanksgiving Day holiday.
*US Dollar Index looks to events in Europe*
The index is down for the second session in a row today, easing further ground after recent tops in the boundaries of 96.90 (Tuesday).
The price action around the greenback has been determined by the mood in the risk-associated space in past weeks, which is in turn closely following developments around Brexit and Italian politics.
In fact, UK’s PM Theresa May is expected to discuss her version of the Brexit deal with EU officials in Brussels, while Italian effervescence around the 2019 budget remains unabated so far.
While US markets are closed today, the ECB minutes will be the salient event in Euroland seconded by the flash print of November’s Consumer Confidence by the European Commission.
*US Dollar Index relevant levels*
As of writing the index is losing 0.13% at 96.59 and a breakdown of 96.04 (low Nov.20) would aim for 95.68 (low Nov.7) and finally 95.45 (100-day SMA). On the upside, the immediate hurdle emerges at 96.88 (10-day SMA) seconded by 97.69 (2018 high Nov.12) and then 97.87 (61.8% Fibo retracement of the 2017-2018 drop). Reported by FXstreet.com 18 hours ago.
The Italian Prime Minister Conte was back on the wires today, via Reuters, addressing the nation’s parliament on the budget issue.
*Key Points: *
Italy acting ‘responsibly’ on budget.
Not ready to backtrack on any point of the budget when it comes to defending Italian’s interests.
High bond yield spread does not help, we all need to make efforts to ease tensions.
Calmer tones will increase investor confidence. Reported by FXstreet.com 18 hours ago.
Italy's Deputy Prime Minister Luigi Di Maio was out with some comments in the last hour and ruled out the possibility of correction to budget before EU election.
• After the May 2019 EU elections many European countries will have more drive to change the rules of the game.
• Sees margin for dialogue with the EU.
• EU infringement procedure (EDP) would be unfair.
• Italy is not isolated in Europe.
• We will not go over 2.4% deficit/GDP target in 2019.
• The government will not sell family jewels in privatization drive. Reported by FXstreet.com 17 hours ago.
· *Amazon workers across Europe are staging protests on Black Friday in anger at "inhuman conditions" inside Amazon's warehouses.*
· *Protests will take the form of demonstrations in the UK, while in Spain and Italy workers are planning a 24-hour strike.*
· *A spokesman for British trade union GMB **told Business Insider that the protestors want to raise awareness and get Amazon to the table to talk about worker safety.*
Amazon warehouse workers are going to voice their anger at working conditions in coordinated protests across Europe on Black Friday.
British trade union GMB is working with hundreds of staff to stage demonstrations outside five fulfilment centres on Friday, while workers in Spain and Italy are planning a 24-hour strike.
In the UK, a mixture of off-shift Amazon workers and GMB members will demonstrate outside Amazon warehouses waving banners and handing out leaflets, a GMB spokesman told Business Insider.
*Read more:* "They treat us like disposable parts": An Amazon warehouse worker is waging war on working conditions in a new anonymous newspaper column
The biggest protest will take place at Rugeley, near Birmingham, with upwards of 100 people expected to attend. After demonstrating at the warehouse, they will march to a rally at the Lea Hall Miners' Club, where shadow work and pensions minister, Jack Dromey, will speak.
The GMB spokesman said protestors are looking to raise awareness rather than disrupt Black Friday sales. "All we want is to get Amazon around the table," he said.
GMB General Secretary Tim Roache said in a statement that working conditions at Amazon are "frankly inhuman." He added: "They are breaking bones, being knocked unconscious and being taken away in ambulances."
Using a series of Freedom of Information requests, the GMB discovered in June that ambulances were called out 600 times to 14 Amazon warehouses over the past three years.
At the Rugeley site, ambulances were called out 115 times over that period for electric shocks, bleeding, chest pains, and major trauma. Three times the ambulances were called out for "pregnancy/maternity."
"At a similar sized supermarket distribution warehouse a few miles away, there were just eight call outs during the same period," the GMB found.
*"It is an awful place to work"*
Ahead of the protest on Friday, the GMB collected statements from members who work at the warehouses.
"I am pregnant and they put me to stand 10 hours without a chair … They are telling me to work hard even [sic] they know I am pregnant. I am feeling depressed when I am at work," said one.
Another added: "It is an awful place to work, can't breath or voice an opinion, [sic] feel like a trapped animal with lack of support and respect."
Amazon's working conditions have come under fire before, notably from US Senator Bernie Sanders who campaigned to make CEO Jeff Bezos raise Amazon's minimum wage and said he would launch an investigation into "unsafe working conditions."
Amazon raised its minimum wage to $15 an hour in October, but it has refuted horror stories from its warehouses as a "myth."
Business Insider contacted Amazon for comment.
*SEE ALSO: Top Amazon executive says horror stories about warehouse working conditions are 'myths'*
Join the conversation about this story »
NOW WATCH: How to train the last days before a marathon Reported by Business Insider 17 hours ago.
Debt demand stutters as Brussels and Rome face drawn-out dispute over budget
Reported by FT.com 12 hours ago.
Italian Economy Minister Tria recently crossed the wires saying that there was no reason for extraordinary measures to defend savings.
*Key quotes (via Reuters)*
· Budget guarantees ‘total control’ of public accounts, looks to stave off recessions.
· Economic fundaments do not justify the spread. Reported by FXstreet.com 13 hours ago.
The minutes of the October meeting of the European Central Bank’s Governing Council show some signs of doubt about the growth picture, though members felt it was too soon to change its assessment, explains Peter Vanden Houte, Chief Economist at ING.
“While there was broad agreement that at present the risks to growth could still be considered to be balanced overall, a remark was made that a number of arguments pointed towards risks to the growth outlook tilting to the downside. Indeed, all members agreed that the risks related to the external environment were pointing downwards.”
“Italy was mentioned only in general terms (with some tightening of monetary conditions in the country), there was no discussion on how the ECB would have to cope with a potential escalation of the situation.”
“Our take on the discussion in the Governing Council is that the assessment of the growth outlook could be somewhat more downbeat in December, without becoming outright pessimistic. Therefore, it is still unlikely that the ECB will refrain from ending its net asset purchases in December. However, we wouldn’t be surprised if December’s statement has a whiff of doubt in it, which would limit expectations of a rate hike to at most one in 2019. As for a new TLTRO, it is probably too soon to pencil it in now. A new TLTRO is only likely to be considered if the situation in Italy really deteriorates in the course of 2019.” Reported by FXstreet.com 12 hours ago.