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Goldman Fund Buys Turkey, Argentina Debt, Says Rout Overdone

Goldman Sachs Asset Management is buying Turkish and Argentinian government debt as it bets on the worst-performing emerging markets to offer some of the more profitable bond trades this year. The money manager has taken an overweight position in the two nations’ dollar bonds, according to Philip Moffitt, Asia-Pacific head of fixed income at Goldman Sachs Asset Management. The rationale: these notes have been “decimated” by investors fleeing a rout in emerging markets even though the two nations’ finances remain robust.

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Professor Gokhan Hotamisligil Receives 2018 EASD–Novo Nordisk Foundation Diabetes Prize for Excellence

Turkish American Professor Gokhan S. Hotamisligil received the 2018 EASD–Novo Nordisk Foundation Diabetes Prize for Excellence for his outstanding research efforts that have led to groundbreaking new knowledge about the relationship between obesity and diabetes and potential paths for treatment.

Devastating Monsoon Flood Emergency in Kerala

India is currently experiencing its largest flood and landslide in more than a century. In the past two weeks, over 400 deaths have been reported, dozens are missing, and an unthinkable 1.8 million people remain displaced and seeking shelter in relief camps. Please donate now. Torrential monsoon rains in Kerala, a southwestern region of India, began in early May 2018 and became incessant starting August 8th, 2018. The state of Kerala has witnessed dozens of landslides over the past few weeks. Nearly 6,000 relief camps are filling with displaced people, after many were  stranded on rooftops awaiting helicopter or boat rescue.

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Hayri Ablak, Founder of Vocelli Pizza, Dies in Pittsburg

Harry (Hayri) Ablak, Age 87, of North Strabane, passed quietly on Wednesday, July 18, 2018 surrounded by his family at his home. Harry (Hayri) married his beloved wife, Gunsenin Ablak, in 1960. He is the loving father of Varol (Selen) Ablak, Seckin (Maria) Ablak, & Shan (Joshua) Hoyt; treasured grandfather of ten; proud great grandfather of two; caring brother of Esat Ablak.

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THO Commemorates The Second Anniversary of the July 15 Coup Attempt

Two years after the July 15 coup attempt, THO recognizes that the passage of time does not lessen the immediacy of the events of July 15, 2016, nor does it relegate the coup attempt to the annals of history. Turkey and its people continue to live the impact of the coup every day. We condemn the heinous coup attempt, mourn the loss of innocent lives, and recognize the people of Turkey for their valiant efforts both then and now in support of their country’s democracy.

Businessman Güzel Wrote for Washington Times: How U.S.-Turkey Relations Grow Stronger

By Murat Güzel - In the aftermath of the NATO Summit in Brussels, I have reflected on the importance of strong trans-Atlantic bonds and how this critical alliance has paved the way for economic growth which has benefitted both sides of the Atlantic. In an unstable world, we need strong trade alliances like the U.S.-Turkey one. We need a robust NATO as well. This week also marks the tragic anniversary of the darkest chapter in Turkey’s recent history, the July 15 failed coup. I am not a politician or an expert on international relations. I am a first-generation Turkish American who has built a multinational business. I am a “commercial” diplomat.

Turkish Consulate General Relocates Near the UN

The Turkish Consulate General has inked a lease for new offices at Fisher Brothers’ 605 Third Avenue in Midtown East, according to the landlord. The consulate will decamp Durst Organization’s nearby 825 Third Avenue and move down the block to 19,871 square feet at 605 Third Avenue next month. The organization will take over the entire 30th floor of the 1.1-million-square-foot building between East 39th and East 40th Streets. Asking rent in the transaction was in the $70s per square foot. A Fisher Brothers spokeswoman declined to comment on the length of the lease.

Meet The Unknown Immigrant Billionaire Betting Her Fortune To Take On Musk In Space

By Lauren Gensler -Forbes - Even in the bloated-budget world of aerospace, $650 million is a lot of money. It's approximately the price of six of Boeing's workhorse 737s or, for the more militarily inclined, about the cost of seven F-35 stealth fighter jets. It's also the amount of money NASA and the Sierra Nevada Corp. spent developing the Dream Chaser, a reusable spacecraft designed to take astronauts into orbit. Sierra Nevada, which is based in Sparks, Nevada, and 100% owned by Eren Ozmen and her husband, Fatih, put in $300 million; NASA ponied up the other $350 million. The Dream Chaser's first free flight was in October 2013 when it was dropped 12,500 feet from a helicopter. The landing gear malfunctioned, and the vehicle skidded off the runway upon landing. A year later, NASA passed on Sierra Nevada's space plane and awarded the multibillion-dollar contracts to Boeing and SpaceX.

Borusan Mannesmann Denied Exemption From Tariffs

A steel pipe manufacturer in Baytown, which received national exposure for an aggressive campaign to get the ears of the Trump administration, has been denied an exemption from new tariffs on foreign steel. In order to avoid the tariffs on steel tube from its parent company in Turkey, Borusan Mannesmann CEO Joel Johnson got creative. In addition to a formal exemption request to the U.S. Department of Commerce, he asked the workers at the Baytown plant to write postcards to President Donald Trump and other government officials.

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