3 Stories You Should Read 9/11/2019: Imperial Valley Ministries, John Bolton, Interest Rates
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In the category of: What is less than zero??
Trump calls for US interest rates to be “zero, or less”
The Federal Reserve should cut US interest rates to “zero, or less,” said President Donald Trump in a tweet this morning. Lower rates would give the country the chance to refinance its debt pile at lower rates, Trump said.
(The United States does not refinance its debt this way. Lower rates would, however, make it cheaper for the United States to borrow in the future.)
What Trump is proposing would be extreme: The Fed didn’t even take rates into negative territory in the aftermath of the 2008 financial crisis.
In the category of: Sounds like good advice
Iran To U.S. After John Bolton Exit: ‘Put Warmongers Aside’
“Americans have to realize that warmongering and warmongers are not to their benefit,” the Iranian president said in televised remarks.
Rouhani spoke after a Cabinet meeting Wednesday, a day that saw all major newspapers in Iran cover Bolton’s departure. The pro-reform Shargh daily newspaper had one large headline that read: “Bolton: A scapegoat for Iran?”
“Americans have to realize that warmongering and warmongers are not to their benefit,” the Iranian president said in televised remarks. “They should not only abandon warmongering but also abandon their maximum pressure policy.”
In the category of: What would Jesus do?
California church leaders ‘used homeless as forced labour’
The church, which represents its pastors as “missionaries to drug addicts”, lured victims by promising them food and shelter and opportunities to get back on their feet at “no cost”, federal officials say.
“The indictment alleges an appalling abuse of power by church officials who preyed on vulnerable homeless people with promises of a warm bed and meals,” the lead prosecutor, US Attorney Robert Brewer, said at a news conference after the arrests.
“These victims were held captive, stripped of their humble financial means, their identification, their freedom and their dignity.”
A statement from the prosecutor added that “windows were nailed shut at some group home locations, leading a desperate 17-year-old victim to break a window, escape, and run to a neighbouring property to call police”.
Victims were allegedly locked in group homes, and forced to beg for nine hours a day, six days a week.
