Economy
California governor to stop fighting against parole for Manson follower
© Reuters. FILE PHOTO: Leslie Van Houten listens during her parole hearing in Corona, California, June 28, 2002. A California state parole board said Van Houten, 52, who has spent 30 years in prison for one of the most shocking killing sprees in U.S. history, should
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By Daniel Trotta
(Reuters) – California Governor Gavin Newsom on Friday announced he would give up trying to deny parole to one of Charles Manson’s murderous “family” of followers, clearing the way to let Leslie Van Houten out of prison after more than 50 years.
In May a California appeals court overruled Newsom and found Van Houten, 73, was entitled to parole from her life sentence. The governor could have appealed the decision to the California Supreme Court.
“The governor is disappointed by the Court of Appeal’s decision to release Ms. Van Houten, but will not pursue further action as efforts to further appeal are unlikely to succeed,” Erin Mellon, the governor’s communications director, said in a statement.
Van Houten’s attorney, Nancy Tetreault, said she would be paroled in weeks, NBC News reported.
Van Houten was 19 when the murders were committed, making her the youngest of Manson’s devotees. The parole board recommended her for early release five times since 2016, but she was denied three times by Newsom and twice by his predecessor, fellow Democrat Jerry Brown.
Manson died in prison in 2017 at age 83, having become one of the 20th Century’s most notorious criminals for directing a killing spree that terrorized Los Angeles in the summer of 1969.
Manson directed his mostly young and female followers to murder seven people, including actress Sharon Tate, in August 1969 in what prosecutors said was part of a plan to incite a race war.
Van Houten was convicted of fatally stabbing grocery owner Leno LaBianca and his wife, Rosemary, in their Los Angeles home on Aug. 10, 1969. The words “Death to Pigs” and “Healter Skelter” – a misspelled reference to a Beatles song – were found scrawled in the victims’ blood on the walls and refrigerator.
The previous night, members of Manson’s cult broke into the Los Angeles hillside home that Tate shared with her husband, filmmaker Roman Polanski, who was away in Europe at the time.
Tate, who was 26 and eight months pregnant, was slain along with four friends of the celebrity couple, including coffee heiress Abigail Folger and hairstylist Jay Sebring.
(Reporting Daniel Trotta in Carlsbad, California; Editing by Kim Coghill)
© Reuters. Russian Central Bank Governor Elvira Nabiullina attends a news conference in Moscow, Russia June 14, 2019. REUTERS/Shamil Zhumatov/File Photo
MOSCOW (Reuters) – Russia’s central bank will need two to three months to make sure that inflation is steadily declining before taking any decision on interest rate cuts, the bank’s governor Elvira Nabiullina told RBC media on Sunday.
The central bank raised its key interest rate by 100 basis points to 16% earlier in December, hiking for the fifth consecutive meeting in response to stubborn inflation, and suggested that its tightening cycle was nearly over.
Nabiullina said it was not yet clear when exactly the regulator would start cutting rates, however.
“We really need to make sure that inflation is steadily decreasing, that these are not one-off factors that can affect the rate of price growth in a particular month,” she said.
Nabiullina said the bank was taking into account a wide range of indicators but primarily those that “characterize the stability of inflation”.
“This will take two or three months or more – it depends on how much the wide range of indicators that characterize sustainable inflation declines,” she said.
The bank will next convene to set its benchmark rate on Feb. 16.
The governor also said the bank should have started monetary policy tightening earlier than in July, when it embarked on the rate-hiking cycle.
© Reuters. FILE PHOTO: Workers walk past an under-construction area with completed office towers in the background, in Shenzhen’s Qianhai new district, Guangdong province, China August 25, 2023. REUTERS/David Kirton/File Photo
SHANGHAI (Reuters) – China’s top planning body said on Saturday it had identified a second batch of public investment projects, including flood control and disaster relief programmes, under a bond issuance and investment plan announced in October to boost the economy.
With the latest tranche, China has now earmarked more than 800 billion yuan of its 1 trillion yuan ($140 billion) in additional government bond issuance in the fourth quarter, as it focuses on fiscal steps to shore up the flagging economy.
The National Development and Reform Commission (NDRC) said in a statement on Saturday it had identified 9,600 projects with planned investment of more than 560 billion yuan.
China’s economy, the world’s second largest, is struggling to regain its footing post-COVID-19 as policymakers grapple with tepid consumer demand, weak exports, falling foreign investment and a deepening real estate crisis.
The 1 trillion yuan in additional bond issuance will widen China’s 2023 budget deficit ratio to around 3.8 percent from 3 percent, the state-run Xinhua news agency has said.
“Construction of the projects will improve China’s flood control system, emergency response mechanism and disaster relief capabilities, and better protect people’s lives and property, so it is very significant,” the NDRC said.
The agency said it will coordinate with other government bodies to make sure that funds are allocated speedily for investment and that high standards of quality are maintained in project construction.
($1 = 7.1315 renminbi)
© Reuters. Russian Central Bank Governor Elvira Nabiullina attends a news conference in Moscow, Russia June 14, 2019. REUTERS/Shamil Zhumatov/File Photo
MOSCOW (Reuters) – Russia’s central bank will need two to three months to make sure that inflation is steadily declining before taking any decision on interest rate cuts, the bank’s governor Elvira Nabiullina told RBC media on Sunday.
The central bank raised its key interest rate by 100 basis points to 16% earlier in December, hiking for the fifth consecutive meeting in response to stubborn inflation, and suggested that its tightening cycle was nearly over.
Nabiullina said it was not yet clear when exactly the regulator would start cutting rates, however.
“We really need to make sure that inflation is steadily decreasing, that these are not one-off factors that can affect the rate of price growth in a particular month,” she said.
Nabiullina said the bank was taking into account a wide range of indicators but primarily those that “characterize the stability of inflation”.
“This will take two or three months or more – it depends on how much the wide range of indicators that characterize sustainable inflation declines,” she said.
The bank will next convene to set its benchmark rate on Feb. 16.
The governor also said the bank should have started monetary policy tightening earlier than in July, when it embarked on the rate-hiking cycle.
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