Philippines Cuts Key Interest Rate As GDP Growth Eases To 4-year Low

The Philippines central bank unexpectedly cut its key interest rate in May, after official data showed that the economic growth was the weakest in four years in the first quarter of this year. The Monetary Board, led by Governor Benjamin Diokno, decided to slash the overnight reverse repurchase facility rate by 25 basis points to 4.5 percent, a statement from the Bangko Sentral ng Pilipinas said.
RTT – Economic News

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Meghan McCain Blows Up Over Mueller Report; Whoopi Goldberg Cuts Her Off

The View

Returning from a week-long break, The View began Monday’s broadcast reacting to the recently released Mueller report. Naturally, that segment ended with Whoopi Goldberg cutting off conservative co-host Meghan McCain during a tirade claiming Democrats are going to get President Trump re-elected by “demonizing” all Republicans.

In response to Sen. Mitt Romney’s (R-UT) highly critical statement of Trump following the report—which found Trump repeatedly tried to obstruct the Russia probe—co-host Sunny Hostin said the Utah senator would still likely not vote for impeachment if it reached the Senate. Romney and other Republicans, he said, will ultimately refuse to hold Trump accountable.

Former Fox News host Abby Huntsman jumped in to debate both Hostin and co-host Joy Behar, noting that Trump’s base feels like he “got a big win” from the report because the media set an expectation that “he was going to be booted out.” Behar and Hostin, meanwhile, pointed out that Trump’s overall approval rating went down to 37 percent—and that’s where McCain jumped in for her take.

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IMF Cuts Global Growth Forecast On Trade Tensions, Policy Uncertainty

The International Monetary Fund on Tuesday slashed the global growth forecast for this year, citing the trade tensions, weaker business confidence, tighter financial conditions and higher policy uncertainty. The Washington-based global lender cut the growth forecast for this year to 3.3 percent in its latest World Economic Outlook, or WEO, which is released twice a year.
RTT – Top Story

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Trump cuts aid to Central American countries as migrant crisis deepens

The U.S. government cut aid to El Salvador, Guatemala and Honduras on Saturday after President Donald Trump blasted the Central American countries for sending migrants to the United States and threatened to shutter the U.S.-Mexico border.


Reuters: Politics

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DeVos reverses course on Special Olympics cuts after Trump orders funding

Education Secretary Betsy DeVos spent three days defending her plan to eliminate Special Olympics funding from next year’s budget.


CNN.com – RSS Channel – Politics

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http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

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Abortions Rise Worldwide When US Cuts Funding To Women’s Health Clinics, Study Finds

Advancing Republican efforts to reduce access to abortion, Secretary of State Mike Pompeo announced on March 26 that the Trump administration will further restrict federal funding to health providers abroad that perform, promote or even talk about abortions.

The move expands the “global gag rule” Trump imposed in 2017. It substantially expands the number of groups affected by cutting funding to any organization with a foreign partner that provides abortions – even if those overseas groups are not, themselves, U.S. government-funded.

First implemented under Ronald Reagan in 1984, the global gag rule has been rescinded by every Democrat and reinstated by every Republican to occupy the Oval Office, reflecting the partisan nature of abortion.

Supporters of the global gag rule say defunding abortion providers will reduce abortions. However, researchers from Stanford University in 2011 found that this U.S. policy actually made women in sub-Saharan Africa twice as likely to have an abortion.

Gag rule increases abortions in Latin America and Africa

My recent study, published in November 2018, confirms those findings in Africa and shows that the global gag rule had an even greater effect in Latin America.

Analyzing abortion data from 51 developing countries between 2001 and 2008 – which encompassed the reproductive decisions of about 6.3 million women – I found that women in Latin America were three times more likely to have an abortion while the global gag rule was in effect.

Reflecting this impact, the percentage of pregnancies in Latin America that ended in abortion rose from 23 percent in 1994, under the Clinton administration, to 32 percent by 2010, after two terms of the Bush administration.

In the United States, where abortion is legal nationwide, about 18 to 23 percent of pregnancies end in abortion.

How a US law hurts women abroad

Funding cuts under the global gag rule cause health care staff reductions, clinic closures and contraceptive shortages. Without family planning counseling and birth control, there are more unintended pregnancies – and, consequently, more abortions.

Numerous studies confirm that making abortions harder to get doesn’t stop them from happening. It just makes them less safe, because the procedure is not necessarily performed in sterile facilities by qualified doctors.

Latin America, a heavily Catholic region, has the world’s most restrictive abortion laws. Six countries, including Honduras, Nicaragua and El Salvador, completely ban abortion. Others permit it only in extreme cases like rape, incest or maternal health.

Latin America also has the world’s highest rate of illicit abortions, according to a 2017 studyin The Lancet. Seventy-five percent of all abortions in Latin America are performed illegally.

Since Trump reinstated the global gag rule in 2017, health workers in developing countrieshave reported drastic reductions in the availability of contraception, teen sex education and family planning services.

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U.S. lawmakers blast Trump’s plan for diplomacy, foreign aid cuts

Democrats and Republicans in the U.S. Congress rejected President Donald Trump’s proposed cuts to diplomacy and foreign aid budgets as dangerous to national security on Wednesday, setting the stage for a budget battle with the White House.


Reuters: Politics

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http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

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Trump’s tax cuts will boost the US for two more years at most, says Nobel Prize winner

The U.S. has been a bright spot among advanced economies, partly thanks to President Donald Trump's $ 1.5 trillion tax reform. But the boost can't last forever.
Top News & Analysis

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HHS Secretary Azar defends Trump budget cuts to Medicaid, NIH programs

Health and Human Services Secretary Alex Azar takes heat on Capitol Hill over some of the Trump administration's proposed cuts in health care.
Health and Science

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Exclusive: Tesla’s delivery team gutted in recent job cuts – sources

When Tesla Inc announced last month a second round of job cuts to rein in costs, one crucial department was particularly badly hit. The automaker more than halved the division that delivers its electric vehicles to North American customers, two of the laid-off workers said.


Reuters: Technology News

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Daimler Q4 Profit Down, Cuts Dividend; Sees Slight Growth In FY19; Stock Dips

Shares of Daimler AG were losing around 2 percent in the early morning trading in Germany after the automaker on Wednesday reported that its fourth-quarter profit halved, despite higher sales and unit volume. The company also trimmed its dividend. Looking ahead, for fiscal 2019, the company expects slight increase in Group EBIT, revenues and unit sales.
RTT – Top Story

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IMF Chair Christine Lagarde cuts global growth forecast for 2019 to 3.5 percent

IMF Chair Christine Lagarde has cut the global growth forecast to 3.5 percent. Speaking at the World Economic Forum in Davos, Switzerland, she said the move was due to the high level of economic risks that are accelerating around the globe.
Economy

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Destination XL Cuts Losses in Quarter as CEO Search Continues

The corporate restructuring instituted earlier this year is starting to pay off for Destination XL Group.
In the third quarter, the men’s big & tall retailer cut its losses and improved its comparable-store sales, prompting it to update its earnings guidance for the fiscal year. But its search for a new chief executive officer continues as the countdown to the departure of current chief David Levin approaches on Dec. 31. In the case that the retailer can’t find a replacement by year-end, Levin will transition to acting ceo from Jan. 1-April 30 for $ 200,000 a month.
The retailer said that it terminated its deal with Heidrick & Struggles International Inc. to lead the search process on Oct. 1 and is now working with Russell Reynolds Associates to lead the process and expects a successor to be named by the end of the first quarter of fiscal 2019.
As reported, Levin is expected to resign as an officer and director of the company on Jan. 1. The company expects to incur an aggregate charge of approximately $ 2.1 million for ceo transition costs in fiscal 2018 and an additional $ 1.6 million in fiscal 2019 and fiscal 2020.
Turning to the third quarter, the retailer cut its

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Merck KGaA Stock Dips On Weak Q3 Profit; Cuts FY18 EBITDA Pre View

Merck KGaA reported Wednesday a sharp decline in its third-quarter profit, while sales increased despite negative currency impacts. Further, the German drugmaker lowered its fiscal 2018 forecast for EBITDA pre, but confirmed organic EBITDA pre view. The company also lifted its organic net sales growth forecast.
RTT – Earnings

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Tax cuts have been controversial, but voters didn’t seem to care about them

Voters in the midterms felt neither tremendously motivated by the 2017 tax cuts nor had their lives been changed much by them, NBC News exit polls find. 
Economy

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Amgen cuts price of cholesterol drug by almost 60%, echoing rival’s move

Biotech giant Amgen is lowering the price of its cholesterol medicine Repatha by almost 60 percent, following a similar move from its competitor, after both drugs failed to meet sales expectations.
Health and Science

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UPDATE 1-China’s EV maker Faraday Future plans lay-offs, 20 pct pay cuts

Faraday Future, a start-up
that is developing electric vehicles (EV), said on Tuesday it
planned pay cuts of 20 percent for all staff, in addition to an
unspecified number of lay-offs, in a bid to reduce operational
costs.


Reuters: Company News

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As Trump cuts refugees, Buffalo feels the pinch

Associated Press

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Jacob Cuts It Off with Tasha | Greenleaf | Oprah Winfrey Network

OWN

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http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

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