The FINANCIAL -- Just recently, a rare occurrence made the headlines in Georgia: Moody’s Investors Service upgraded the government of Georgia’s local and foreign currency issuer ratings first time in seven years, to Ba2 from Ba3, with commentary that the outlook remains stable. This news was met with great excitement, but was soon overshadowed by the unfortunate news of Georgia’s downgrade on the Global Competitiveness Indicators, without fully appreciating or understanding the significance of the Moody's upgrade.

Cathode rays were discovered in 1869, followed by the invention of the cathode ray tube (CRT). Finally, in 1934 the German technology company Telefunken produced the first commercial TV box, delivering a huge blow to print media as the main source of public information. Today, it is television’s influence that has started to wane as the internet has slowly crept into people’s homes and become accessible to large swaths of the public. This has left TV’s reigning power as the main source for news and information in steep decline.

The FINANCIAL -- In August 2017, FRUIT prices were 7.6% higher compared to the same month of 2016, and this was the first case in 2017 when year-to-year changes were positive. In August month-to-month changes became positive too and the FRUIT sub-index rose by 2.3%.

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