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Venezuela delays removing currency bills amid protests

  Caracas / AFP With protests rocking his unpopular government, embattled President Nicolas Maduro delayed until January 2 taking Venezuela’s highest denomination bill out of circulation. The 100 bolivar bills would temporarily remain legal tender, Maduro said Saturday, but the borders with Colombia and Brazil will remain closed to hit what he claims are “mafias” hoarding Venezuelan cash abroad in a ...

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Myanmar army takes outpost from rebels

  Yangon / AFP Myanmar’s army has seized an important outpost from a powerful rebel faction during a bout of intense fighting, state media and insurgents confirmed on Sunday, in the latest blow to peace efforts. Fighting has blighted Myanmar’s border regions for decades, pitting various ethnic minority groups seeking autonomy or independence against the notoriously abusive military. The latest ...

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The ‘Great Depression’ that didn’t happen

  There is no mystery about Barack Obama’s greatest presidential achievement: He stopped the Great Recession from becoming the second Great Depression. True, he had plenty of help, including from his predecessor, George W. Bush, and from the top officials at the Treasury and Federal Reserve. But if Obama had made one wrong step, what was a crushing economic slump ...

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