
"WIN": How Gerald Ford tried to whip inflation with a button
CBSN
When he was thrust into the presidency in 1974, Gerald Ford's plain-spoken optimism was seen by many Americans as his greatest virtue. "There's great public support for Ford when he first becomes president; he's such a contrast to Nixon," said Mirelle Luecke, curator of the Gerald R. Ford Presidential Library. "He's seen as this very honest, down-to-Earth, well-meaning president."
That honeymoon wouldn't last. Public anger over Ford's pardon of Richard Nixon was made worse by a rapidly-deteriorating economy. "When he becomes president, inflation is at 10%, it would later cap at 12%," said Luecke.
Rocca said, "And we can we just say right now inflation is bad, but 12%? That's crazy!"

A military dog is being hailed as a hero in Colombia after detecting a bomb planted by guerrilla fighters that exploded during a military operation, authorities said, adding that the wounded canine's actions saved the lives of dozens of soldiers and civilians. The incident was announced just two days after a bomb strapped to a donkey exploded in the same area, killing one soldier and wounding two others.

European markets mostly fell Monday as investors digested President Trump's latest trade war salvos, which saw him threaten to hit the European Union and Mexico with 30% tariffs starting on August 1. Mr. Trump's threat came after a series of announcements last week that included warnings of a possible 50% levy on all copper imports and all goods from Brazil, 35% levies on Canadian goods, and a possible 200% tariff on imported pharmaceuticals.