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Debt-Distressed Countries Will Not Be Saved by the IMF's $650 Billion Currency Boost, Economist Says
Economist William Jackson said the IMF plan “won’t prevent the need for debt restructuring in countries where debt trajectories are on unsustainable paths.”
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Ethiopia's ‘Simmering Civil War' Threatens to Erode Economic Recovery Prospects
Four months after the Ethiopian government declared victory, conflict continues to escalate in the state of Tigray, hitting the country’s recovery prospects.
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Digital Siege: Internet Cuts Become Favored Tool of Regimes
When army generals in Myanmar staged a coup last week, they briefly cut internet access in an apparent attempt to stymie protests
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Escalating Conflict Could Threaten Ethiopia's Economic Success Story
Ethiopia is teetering on the brink of civil war as fighting intensifies in the north of the country, sparking fears that its economic transformation could be stymied by protracted conflict.
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Ethiopia Near Civil War as PM Sends Army Into Defiant Region
Ethiopia is approaching civil war as its Nobel Peace Prize-winning prime minister has ordered the military to confront the country’s well-armed Tigray regional government
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Panel Finds FAA Followed Procedures in Approving Boeing Max
A government advisory committee has concluded that federal regulators followed established procedures when they certified the Boeing 737 Max and did not delegate too much safety analysis for the plane to Boeing....
...In a report Thursday, the panel said the FAA correctly treated the Max as an update to older 737s and not as a new type of plane, which would...
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Fact Check: Trump's Distortions Are Across the Board
President Donald Trump systematically fabricated his record before boisterous supporters and the eyes of the world this past week.
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13-Year-Old Girl Missing in Rockville
UPDATE: She has been found safe. // ORIGINAL STORY: Dozens of people were out Tuesday night searching for a 13-year-old girl who was last seen leaving home for school Tuesday morning. But her family says she never made it to school. News4’s Shomari Stone spoke with her concerned parents.
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Boeing Details Steps Needed to Get Grounded Max Jet Flying
Boeing is detailing steps it needs to complete before its grounded 737 Max can carry passengers again.
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American, Southwest Airlines Plan to Resume Commercial Flights on 737 Max in March
American and Southwest airlines announced Friday plans to resume commercial flights of the Boeing 737 Max aircraft in March 2020.
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Boeing Employee Raised Concern About Design of Max System
Two days of congressional hearings have produced internal Boeing documents showing that company employees raised concerns about the design of a key flight-control system and the hectic pace of airplane production long before two 737 Max jets crashed. Angry lawmakers bombarded the hearings’ star witness, Boeing CEO Dennis Muilenburg, with questions and lectures. They asked why he got a pay...
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Lion Air Crash Report Points to Boeing, Pilots, Maintenance
Indonesian investigators found plenty of blame to go around for a Boeing 737 Max crash that killed 189 people a year ago. They faulted design decisions by Boeing that made the plane vulnerable to failure of a single sensor. They criticized U.S. safety regulators who certified the plane. And they pointed fingers at one of their country’s own airlines, Lion...
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Mass. Economists Who Study Poverty Win Nobel Prize
The 2019 Nobel Prize in economics was awarded Monday to Abhijit Banerjee, Esther Duflo and Michael Kremer for pioneering new ways to alleviate global poverty. Banerjee and Duflo are at the Massachusetts Institute of Technology, while Kremer is at Harvard University. The three have often worked together. Duflo, who phoned into the news conference where the prize was announced, said...
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Boeing, FAA Both Faulted in Certification of the 737 Max
A panel of international aviation regulators found that Boeing withheld key information about the 737 Max from pilots and regulators, and the Federal Aviation Administration lacked the expertise to understand an automated flight system implicated in two deadly crashes of Max jets. In its report issued Friday, the panel made 12 recommendations for improving the FAA’s certification of new aircraft,...
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Ethiopian PM Wins Nobel for Efforts to End Eritrea Conflict
Ethiopian Prime Minister Abiy Ahmed has been awarded the Nobel Peace Prize for 2019 in recognition of his efforts to end his country’s long-running border conflict with Eritrea. The Norwegian Nobel Institute on Friday also praised the “important reforms” that Abiy, Ethiopia’s leader since April 2018, has launched at home.
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Controversy Stalks Nobel Peace, Literature Prizes
Controversy stalks the Nobel prizes for peace and literature in a way it rarely does for science. The revamped panel at the Swedish Academy who will hand out the Nobel Literature prizes Thursday for both 2018 and 2019 would relish arguments about the winners, rather than intrigue about the #MeToo scandal that forced the institution to suspend the prize last...
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Reports Say Boeing Insider Filed Safety Complaint About Max
A Boeing engineer filed an internal complaint alleging that company managers rejected a backup system that might have alerted pilots to problems linked to two deadly crashes involving the 737 Max jet, according to published reports. The Seattle Times and The New York Times reported Wednesday that an engineer who worked on the Max said managers were urged to consider...
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Pope Decries World's Indifference to Migrants and Refugees
Pope Francis on Sunday decried “the culture of comfort” that leads to indifference in the face of a global migration and refugee crisis. The pope who has made caring for migrants a hallmark of his papacy spoke during a Mass for the World Day for Migrants and Refugees. “We cannot be indifferent to the tragedy of old and new forms...
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FAA Chief Meets Boeing Officials, Tries Out Max Simulator
The chief of the Federal Aviation Administration tested the Boeing 737 Max in a flight simulator Thursday, but the FAA declined to say how its updated anti-stall software performed. That software kicked in before two Max jets crashed, and fixing it is central to Boeing’s effort to get the grounded airplane flying again. New FAA chief Stephen Dickson said his...
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American Joins United in Extending Boeing 737 Max Cancellations Until December
American Airlines is pulling the Boeing 737 Max from its schedules until early December, a month later than it previously expected, as the grounding of the troubled planes following two fatal crashes continues, sparking flight cancellations over Thanksgiving. The planes have been grounded since mid-March when regulators ordered airlines to stop flying passengers with them after two fatal crashes within...