In our news wrap Monday, a volcano in Indonesia has forced more than 100,000 people to flee their homes on the island of Bali, and shut down the airport, stranding tourists. Also, three-week protests in Islamabad left seven people dead over the weekend.
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In the day’s other news, the Consumer Financial Protection Bureau opened for business today with dueling appointees at the very top.
Leandra English was named acting director on Friday night by the bureau’s outgoing chief. But President Trump immediately appointed White House Budget Chief Mick Mulvaney to the very same job. Now the issue has gone to the federal courts. We will take a closer look at the clash after the news summary.
In Pakistan, Islamists celebrated today after the country’s law minister stepped down. Hard-liners have blamed Zahid Hamid for deleting what they argue is a vital religious oath in a bill governing election law. Hamid blamed a clerical error. In Islamabad, protesters gathered at their camp today to end three weeks of marches and rallies that culminated with weekend clashes that left at least seven dead.
A volcano in Indonesia has now forced more than 100,000 people to flee their homes on the island of Bali. Authorities expanded the evacuation order as clouds of thick smoke and ash spewed from Mount Agung, and volcanic mud flowed down the slopes. This eruption also forced the international airport to close, stranding thousands of visitors.
We have got no information because the gates, the clerk check-ins have been closed indefinitely, so we don’t know what’s the plan. We most likely will have to stay overnight.
We’re now waiting to, I guess, go home. We have to now find a hotel and spend more of our money that they’re not going to cover us for when we get home.
The volcano’s last major eruption was in 1963 and killed about 1,100 people.
Back in this country, the magazine publisher and broadcaster Meredith Corporation is buying Time Incorporated for $1.8 billion. Meredith is based in Iowa and already owns 17 TV stations and Better Homes and Gardens and Family Circle magazines.
Now it will also own the likes of TIME magazine and Sports Illustrated. To make the deal happen, Meredith got $650 million in backing from the conservative Koch brothers conglomerate.
President Trump today honored the Navajo code talkers of World War II, but he also took a shot at a political foe. He welcomed a trio of elderly Navajo men who used their unique language to help relay American radio messages during the war. But then he tossed in a reference to Democratic Senator Elizabeth Warren of Massachusetts.
President Donald Trump:
You’re very, very special people. You were here long before any of us were here, although we have a representative in Congress who they say was here a long time ago.
They call her Pocahontas. But you know what? I like you.
The president has repeatedly mocked Warren for claiming American Indian ancestry without hard evidence. Today, she accused Mr. Trump of using a racial slur. The White House denied this was his intent.
We will talk to Senator Warren later in the program.
This was Cyber Monday, and it could become the biggest online shopping day ever in the United States. Adobe Analytics reports that, by mid-morning, spending was up 17 percent over a year ago.
But Wall Street struggled to keep up. The Dow Jones industrial average gained 22 points to close at 23,580. The Nasdaq fell 10 points, and the S&P 500 slipped one point.
And congratulations are in order for Britain’s Prince Harry and actress Meghan Markle. They announced their engagement today after months of speculation. Harry is fifth in line to the throne. Markle is best known for her role in the TV legal drama Suits. The wedding is set for next spring.