Uruguayan election: “a ponies race, no thoroughbreds competing”

Daniel Martinez, the incumbent candidate, and Luis Lacalle Pou in October 1st presidential TV debate. On Sunday 27 October the Uruguayan electorate will be voting for a new president (there is no immediate reelection) and a renewed Legislative, 30 Senators and 99 Lower House members. Uruguay is one of the more stable countries in the region, both it’s solid institutions as well as its citizens who are deeply committed to democracy, social rights and a strong presence of government in the economy.

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Levi Strauss suffers reduced sales in its main market, the Americas

Reduced shipments to off price stores and the impact of a delayed acquisition of a South American distributor drove net revenue down about 3% in the region Levi Strauss & Co reported a 4% drop in third-quarter profit on Tuesday, as the denim apparel maker struggled to grow its wholesale business in the Americas, where it generates most of its revenue. Reduced shipments to off-price stores and the impact of delayed acquisition of a South American distributor drove net revenue down about 3% in the region, the first fall since the 165-year-old company went public in March.

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