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%