20 July 2019 FT — Articles to Read

20 July 2019


Question: According to MSN: Money, What percentage (%) of US homes have no mortgage?


Colombia hopes to benefit from growing global need for week – Pg. 2

  • Colombia is notorious as the world’s biggest supplier of cocaine. Now it is positioning itself as a producer and exporter of another drug, one that is increasingly becoming legal around the world: cannabis
  • Columbia, with its equatorial climate and 12 hours of daylight all year, fits the bill. Land and labour is relatively cheap, and a skilled rural workforce has experience in the cut flower industry
  • It is far cheaper for Colombian farmers to produce cannabis than their counterparts in North American and Europe, where growers have to spend money on climate-controlled greenhouses to combat harsh winters
  • The Colombians can produce a gramme of dry flower for $0.50-$0.80 while in Canada it costs around $2


Wall Street raps Fed over rate ‘confusion’ – Pg. 4

  • Until Thursday, the consensus had been for a 25bp rate cut by the Fed, as a limited insurance policy against a weakening global economy and trade tensions. But the odds of a 50bps cut soared after Mr Williams laid out the case for “preventive” action in low interest rate and low inflation environments


Answer: 37%