World leaders, from left, Canadian Prime Minister Justin Trudeau, Morocco's Prince Moulay Hassan, Moroccan King Mohammed VI, U.S. President Donald Trump, German Chancellor Angela Merkel, French President Emmanuel Macron and his wife Brigitte Macron, Russian President Vladimir Putin and Australian Governor-General Peter Cosgrove attend a ceremony at the Arc de Triomphe as part of the commemorations marking the 100th anniversary of the November 11, 1918, armistice, which ended World War I in Paris November 11, 2018.
"Our evidence suggests that a local government is more likely to engage in wasteful spending when there is no local newspaper to report on that government," said University of Illinois Chicago's Dermot Murphy, one of the study's authors. "Investors find it riskier to lend money to wasteful governments, and thus the costs of financing public infrastructure projects, such as schools, hospitals, and roadways, for a local government are higher."
The Indonesian government has declared an end to the emergency response phase following the earthquake and tsunami a month ago. With large parts of Sulawesi island still in ruins, the focus is switching to rehabilitation and reconstruction. The government said geological considerations will be taken into account during the rebuild, which some have said should have happened years ago. Many residents said that they had never heard of "liquefaction" prior to the disaster, despite the government's experts having created a map six years ago that emphasised the risk of liquefaction in areas that were affected by the earthquake.
Catalonia's president has accused Spain's central government of "totalitarian" behaviour, after police arrested the region's junior economy minister and 12 others in raids of Catalan government offices in the run-up to a planned independence referendum. Carles Puigdemont, the regional leader, denounced Wednesday's operation as "a coordinated aggression by the Spanish government's police force" in order to stop the Catalans from going ahead with the October 1 vote. "The Spanish state has by all rights intervened in Catalonia's government and has established emergency rule," Puigdemont said in a televised address. "We condemn and reject the anti-democratic and totalitarian actions of the Spanish state," he said, adding that Catalans should still turn out in force to vote in the referendum on a split from Spain that the central government in Madrid has declared illegal. Besides arresting Josep Maria Jove, the junior economy minister, police also entered the local governmental offices of the economy, interior, foreign affairs, welfare, telecommunications and tax, Catalan government sources said.