The following are the headlines discussed at Aldwin Callen's Monday morning briefing:
- Angela Merkel was re-elected German Chancellor; the far-right received 13% of the vote in Parliament.
- S&P downgraded China's credit rating, the first since 1999, citing risks from rising debt levels.
- North Korea suggested it may conduct a nuclear bomb test in the Pacific, sending Asian markets tumbling.
- The Federal Reserve indicated that it will raise interest rates in December and begin selling fixed-income assets.
- Toys R Us declared bankruptcy (reorganization), having been overwhelmed by internet competition.
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