(Bloomberg) -- Zimbabwe’s stocks are on a tear as investors seek refuge from the new bullion-backed currency that’s at a record low against the US...
-- Zimbabwe’s stocks are on a tear as investors seek refuge from the new bullion-backed currency that’s at a record low against the US dollar.To Build a Happier City, Design for Density
But instead of causing jubilation among equity traders, it has them worried. They see the surge as a return to the past and a reflection of deep-seated trouble in the currency markets. The ZiG, short for Zimbabwe Gold, which started trading at 13.56 at adoption now sells for 26 per dollar on the parallel market and 13.97 officially. It has lost value against the dollar for 17 straight trading days, its longest losing streak since its debut.
A police officer in Kentucky is accused of fatally shooting a district judge, following an argument inside a courthouse. Judge Kevin Mullins was in his district office when he was shot shortly before 3pm on Thursday, allegedly during an argument with Letcher County Sheriff Mickey Stines. Stines, who has been in the position for eight years, has been charged with murder, police said.SANTA ANA, Calif.
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