Posted in contractions

BoB in historic benchmark rate cut

Businesses, banks and household on Thursday midday received the much anticipated announcement from Bank of Botswana Governor, Moses Pelaelo, who said the central bank has decided to reduce the Bank Rate by 50 basis points from 4.25 percent to 3.75 percent.

This is the second 50 basis points cut this year after the April cut from 4.25 percent to 4.75 percent. This Thursday cut is the record lowest since 2006, two years before global recession. The two cuts this year were seen as intervention to cushion the economic impact of Covid-19.
Covid-19 and its new normal to most business activities shifted most macroeconomic dynamics and dimension; this recent cut according to the central bank is meant to support the domestic economy which is backed against the wall by inflationary pressures.

The headline inflation remained steady at 1 percent in August and well below the lower bound of the Bank’s objective

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Posted in home remodeling

In Palm Springs, Bob Hope’s former home seeks $1.5 million

A piece of Palm Springs history just surfaced for sale in the desert as the longtime home of Bob Hope has hit the market for $1.5 million.



a view of a house: The remodeled ranch known as "Home of Hope" wraps around a deck with a swimming pool and citrus trees. (Realtor.com)


© (Realtor.com)
The remodeled ranch known as “Home of Hope” wraps around a deck with a swimming pool and citrus trees. (Realtor.com)

Hope and his wife, Dolores, owned the 1930s home for more than half a century. They bought it in 1946, and after both had passed away, their estate sold it in 2013, according to a plaque on the front gate identifying the property as the “Home of Hope.”

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It’s not Hope’s most impressive Palm Springs home; that’d be found a few miles south, where a Modernist masterpiece built by John Lautner is nestled up against the mountains. The dazzling, futuristic gem broke a record when it sold for $13 million in 2016.

This one’s a bit humbler, fitting five

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Posted in improvements

Hiking Bob: Road Trip hike: Booger Red Hill; Improvements coming to Paint Mines | Hiking Bob

In a previous column, I featured a hike in a place called “Booger Red,” an obscure place with an unusual name and great views. This week’s hike is to the summit of Booger Red Hill, which starts at the same trailhead, but goes in a different direction and offers a different experience. 

See Slideshow for Details

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