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S&P 500   4,130.37 (-0.36%)
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AAPL   164.78 (-0.34%)
MSFT   279.96 (-1.04%)
META   171.18 (+2.44%)
GOOGL   117.34 (-0.11%)
AMZN   138.98 (-1.29%)
TSLA   879.03 (+1.68%)
NVDA   174.54 (-8.08%)
NIO   20.29 (+0.35%)
BABA   90.72 (-1.99%)
AMD   99.57 (-2.68%)
MU   61.54 (-1.47%)
T   18.11 (-1.31%)
CGC   3.20 (+18.52%)
GE   75.68 (+1.78%)
F   15.91 (+3.99%)
DIS   109.25 (+2.46%)
AMC   24.83 (+11.95%)
PYPL   96.19 (+0.91%)
PFE   49.20 (-0.14%)
NFLX   235.09 (+3.66%)
S&P 500   4,130.37 (-0.36%)
DOW   32,786.65 (-0.05%)
QQQ   320.29 (-0.45%)
AAPL   164.78 (-0.34%)
MSFT   279.96 (-1.04%)
META   171.18 (+2.44%)
GOOGL   117.34 (-0.11%)
AMZN   138.98 (-1.29%)
TSLA   879.03 (+1.68%)
NVDA   174.54 (-8.08%)
NIO   20.29 (+0.35%)
BABA   90.72 (-1.99%)
AMD   99.57 (-2.68%)
MU   61.54 (-1.47%)
T   18.11 (-1.31%)
CGC   3.20 (+18.52%)
GE   75.68 (+1.78%)
F   15.91 (+3.99%)
DIS   109.25 (+2.46%)
AMC   24.83 (+11.95%)
PYPL   96.19 (+0.91%)
PFE   49.20 (-0.14%)
NFLX   235.09 (+3.66%)
S&P 500   4,130.37 (-0.36%)
DOW   32,786.65 (-0.05%)
QQQ   320.29 (-0.45%)
AAPL   164.78 (-0.34%)
MSFT   279.96 (-1.04%)
META   171.18 (+2.44%)
GOOGL   117.34 (-0.11%)
AMZN   138.98 (-1.29%)
TSLA   879.03 (+1.68%)
NVDA   174.54 (-8.08%)
NIO   20.29 (+0.35%)
BABA   90.72 (-1.99%)
AMD   99.57 (-2.68%)
MU   61.54 (-1.47%)
T   18.11 (-1.31%)
CGC   3.20 (+18.52%)
GE   75.68 (+1.78%)
F   15.91 (+3.99%)
DIS   109.25 (+2.46%)
AMC   24.83 (+11.95%)
PYPL   96.19 (+0.91%)
PFE   49.20 (-0.14%)
NFLX   235.09 (+3.66%)

Rights group says Sri Lanka harassed, intimidated protesters


Protesters shout against president Ranil Wickremesinghe's government in Colombo, Sri Lanka, Wednesday, Aug. 3, 2022. Sri Lanka's new president says his government is preparing a national policy roadmap for the next 25 years that aims to cut public debt and turn the country into a competitive export economy as it seeks a way out of its worst economic disaster. (AP Photo/Eranga Jayawardena)

COLOMBO, Sri Lanka (AP) — An international human rights group says Sri Lanka's government is using emergency laws to harass and arbitrarily detain protesters who are seeking political reform and accountability amid the island country's economic crisis.

New York-based Human Rights Watch said in a statement Wednesday that Sri Lanka's military sought to curtail protests through intimidation, surveillance, and arbitrary arrests of demonstrators, activists, lawyers and journalists since President Ranil Wickremesinghe took office last month.

Sri Lanka's Parliament approved a state of emergency July 27. The decree gives the president the power to make regulations in the interest of public security and order.

Wickremesinghe, who had ordered arrests of protesters, has said that although the protests started peacefully, groups with political interests took over later and became violent, citing the burning of dozens of ruling party politicians' homes in May.

Sri Lankans had been protesting for months over the country's economic crisis that has led to a severe shortage of many essential imported items like medicines, fuel and cooking gas. Wickremesinghe's predecessor Gotabaya Rajapaksa fled the country after protesters stormed his official residence and occupied many key state buildings including the president's office and prime minister's office and official residence. Wickremesinghe was elected by Parliament to complete Rajapaksa's term, which ends in 2024.

In a speech Wednesday to Parliament, Wickremesinghe promised leniency for those who took to violence unknowingly or at the instigation of others. He also promised to punish those who broke laws willfully.

Some of those arrested are accused of clashing with security forces and encouraging people to break into Parliament. Officials have also seized the passport of a British woman who posted about the protests on social media.


“The Sri Lankan government’s crackdown on peaceful dissent appears to be a misguided and unlawful attempt to divert attention from the need to address the country’s urgent economic crisis,” said Meenakshi Ganguly, Human Rights Watch's South Asia director.

Sri Lanka is bankrupt, having announced that it is suspending repayment of its foreign loans pending the outcome of talks with the International Monetary Fund for a rescue package.

“Sri Lanka’s international partners should be clear that they need to be working with a rights-respecting administration to address Sri Lanka’s deeply rooted economic problems," Ganguly said.

7 Stagflation Stocks to Help Navigate Periods of Low Growth

Stagflation is an ugly mix of low economic growth punctuated by high unemployment. And at the root of it all is inflation. For a long time, many economists believed that stagflation was not possible. However, the 1970s changed that thinking. Not only were U.S. consumers facing high inflation, they were also dealing with high unemployment.  

And according to some analysts, history may be getting ready to repeat itself. While economists seem to be split on the probability of a recession, there is growing concern that the United States is entering a period of stagflation. In an effort to combat inflation, the Federal Reserve is pledging to aggressively increase interest rates. There's already evidence of slowing economic growth and waning demand. The next shoe to drop may come in the employment numbers.

This means that investors need to turn their attention to stocks that have the attributes to combat stagflation. This includes companies that have the potential to deliver strong free cash flow. One reason for this is that a healthy cash flow can be applied to reward shareholders with a dividend. And that can boost the total return. Here are seven stocks that can help investors do just that.

View the "7 Stagflation Stocks to Help Navigate Periods of Low Growth".

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