With the value of Venezuela’s largest banknotes reduced to a few U.S. cents by triple-digit inflation and the currency’s collapse on the black market, the country’s central bank said it will begin circulating higher-denomination notes this month.

New denominations including bills of 500, 1,000, 2,000, 5,000, 10,000 and 20,000 bolivars will start appearing at banks from Dec. 15, according to a Central Bank statement, adding that coins of 10, 50, and 100 bolivars would also be released. Bloomberg News first reported the plans for larger bills on November 30.

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Time For Truth: (Bloomberg) – Venezuela to Issue Bigger Bills This Month as Currency Plunges

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in late October, a group of Maryland legislators met with police officials, attorneys, privacy advocates, and policy analysts to discuss creating a legal framework to govern aerial surveillance programs such as the one the Baltimore Police Department had been using to track vehicles and individuals through the city since January.

“What, if anything, are other states doing to address this issue?” Joseph Vallerio, the committee’s chairman, asked the panel.

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Time For Truth: (Bloomberg) – Baltimore's aerial surveillance continues unchecked

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Over the years, Apple Inc. has become the poster child for U.S. multinationals accused of sheltering overseas profits to avoid the IRS. What’s gone largely unnoticed is that it’s been paid more than half a billion dollars by the U.S. government to do just that.

Read the Full Article: Source – Bloomberg
Time For Truth: (Bloomberg) – Americans Are Paying Apple Millions to Shelter Overseas Profits

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Mexico’s wealthiest person lost $5.1 billion in the wake of Donald Trump’s stunning upset over Democratic rival Hillary Clinton. Carlos Slim, who is fifth-richest in the world, shed 9.2 percent of his fortune after the peso dove as much as 12 percent on the news.

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Time For Truth: (Bloomberg) – The World's Richest People Lose $41 Billion on Trump's Win

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China’s holdings of U.S. Treasuries fell to the lowest level since November 2012, as the world’s second-largest economy draws down its foreign reserves to prop up the yuan.

The biggest foreign holder of U.S. government debt had $1.19 trillion in bonds, notes and bills in August, down $33.7 billion from the prior month, the biggest drop since 2013, according to U.S. Treasury Department data released Tuesday in Washington and previous figures compiled by Bloomberg.

Read the Full Article: Source – Bloomberg
Time For Truth: (Bloomberg) – China Holdings of U.S. Treasuries Drop to Almost Four-Year Low

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