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How to cover ICE raids; Acosta out; Mueller day delayed; 'American Carnage' fallout; FTC ready to fine Facebook; box office drama; weekend reads Posted: 12 Jul 2019 06:24 PM PDT Here's the latest on coverage of Tropical Storm Barry, Alex Acosta's resignation, Robert Mueller's delayed testimony, and much more... How to cover the ICE raids President Trump continues to talk up the prospect of ICE raids. "It starts on Sunday, and they're going to take people out and they're going to bring them back to their countries," Trump told reporters on Friday. Of course, as WaPo's Nick Miroff noted, "ICE officials have insisted for weeks they would not disclose sensitive law enforcement operations. By.blurting it out, again, Trump has blown any pretense of cover and will leave agents hard-pressed to show 'success.'" Indeed, a senior admin official told CNN's Jim Acosta there was some frustration inside DHS following Trump's comments on Friday... The official described the president's comments as "head-scratching" and said they could potentially jeopardize the operation that's already been postponed before. But Trump's trumpeting of the raids is not head-scratching when viewed through a media prism. He wants the attention and law enforcement action and ensuing anger -- all for political reasons. "Trump "governs through spectacle. What could be more spectacular than a massive nationwide raid against undocumented immigrants?" Matt Ford wrote for TNR on Friday. "Set aside the morality or ethics for a moment, as the president regularly does. Sunday's planned arrests of more than 2,000 families are a pitch-perfect sop to his base as he gears up for reelection. Cable news will buzz for days with footage of immigrants being apprehended and ICE agents banging on doors. It's the most expensive campaign ad in American history." The impacts are being felt already: Undocumented immigrants are "bracing for the worst," CNN's Catherine E. Shoichet wrote... She quoted a migrant worker who's "been picking up extra work to fill in for colleagues who he says are too scared to leave home after hearing about the possibility of raids on TV." All of this raises some obvious questions for the press... "A campaign event" that "claims lives as collateral damage" CJR's Kyle Pope wrote Friday: "This presents the same problem inherent in covering so many of Trump's provocations, from the standoffs with Iran and North Korea to the looming trade war with China: all of these challenges are real, and potentially epochal, yet all have been stoked and embellished to serve the political needs of a very insecure president. How do you cover a story that is playing out mainly so that Trump can win kudos from 'Fox & Friends,' while also taking seriously its complex, often dire, consequences?" Pope added: "What makes this all so difficult for reporters is that Trump's actions can not be dismissed as media gambits; the drama unfolding merits urgent attention. Odds are that there will be even more pain as a result of Sunday's raids. Journalism's job must be to frame the immigration crackdown as a campaign event—not a policy response—that claims lives as collateral damage. Trump's manipulation of a crisis is the point. That is the heartbreaking story that needs to be told." Mueller day delayed The new date is July 24. Jerry Nadler and Adam Schiff said in a joint statement that the hearings "had been pushed back at the former special counsel's request, and that Mueller had agreed to appear for an extended period..." CNN's Manu Raju and Jeremy Herb have more here...
FOR THE RECORD, PART ONE -- Tropical Storm Barry "is expected to grow into a hurricane by the time it makes landfall" Saturday... (CNN) -- CNN's "New Day" is starting an hour early, 5am ET, for added storm coverage... -- The Weather Channel says it is planning to carry "around-the-clock live coverage of Barry until at least 9pm on Sunday..." -- The staff at Poynter is offering "advice and tips for journalists in the field" who are bracing for the storm... (Poynter) Facebook facing $5 billion punishment Emily Glazer's WSJ scoop landed at 3:54pm ET: "The Federal Trade Commission voted this week to approve a roughly $5 billion settlement with Facebook over a long-running probe into the tech giant's privacy missteps, according to people familiar with the matter." WaPo's Tony Romm soon matched it. The deal "could result in unprecedented government oversight of the company," he noted. Reactions: "While this settlement would mark by far the largest penalty against a tech company, far in excess of the $22.5 million the FTC fined Google in 2012, investors nonetheless appeared to breathe a sigh of relief that it wasn't bigger. Facebook stock ended Friday up nearly 2% after the Journal report was released," Seth Fiegerman's CNN Business story noted... -- While the price tag IS huge, Scott Galloway framed it this way on Twitter: "the Facebook 'record' fine amounts to 6% of cash on hand, or 2 weeks of revenue..." "Social media summit" aftermath... Charlie Warzel's recap of Thursday's spectacle at the W.H.: "The president has an election to win. Thursday's summit was a public embrace of a group he thinks are powerful allies. The summit suggests that 2016's meme army was just proof of concept for an information war in 2020. Whatever is coming, we're not prepared." This Sunday on "Reliable Sources" IS the press prepared? We'll get into that and more with Renee DiResta, Robby Soave, Jane Coaston, Oliver Darcy, Samantha Vinograd, and Katie Rogers... Plus, highlights from my interview with Alex Harris, Mark Katches and Julie Anderson about the Florida Climate Reporting Network...
FOR THE RECORD, PART TWO -- Journalist Manuel Duran, a Salvadoran citizen who fled to the U.S. in 2006, "has been released after spending 15 months in ICE detention..." (CNN) -- Remember Kim Darroch? Quoting from Susan Glasser's latest for The New Yorker: "Washington in the Trump era can often feel like a sort of bumper-car ride of competing news cycles, devolving into a pileup of rival controversies, scandals, and social-media contretemps..." (New Yorker) -- Tim Alberta is on Sunday's "Meet the Press..." The early leaks and excerpts have his book "American Carnage" at No. 4 on the Amazon best sellers list right now, ahead of book's Tuesday pub date... -- Paul Ryan's candid comments to Alberta about POTUS -- "I'm telling you, he didn't know anything about government" -- caused Trump to unload on Ryan on Friday. "Maybe he gets paid for that, who knows," Trump mused. No, Alberta said... (AP) | | Acosta's resignation and the power of dogged reporting Jeffrey Epstein was arrested on Saturday. Labor Secretary Alex Acosta, who negotiated the 2008 plea deal with Epstein, resigned on Friday. Former federal prosecutor/NBC analyst Glenn Kirschner tweeted: "Let's all thank remarkable reporter" Julie Brown at the Miami Herald "for fighting for truth, justice & the rights of crime victims! It's undeniable that her dogged reporting resulted in the downfall of Labor Secretary Acosta & served as a catalyst for new criminal charges for Epstein." --> Brown's latest on Friday evening: "Just days after the Miami Herald published a series about how accused sex trafficker Jeffrey Epstein manipulated state and federal prosecutors to obtain a lenient plea bargain, Epstein wired hundreds of thousands of dollars to two potential accomplices involved in his sex case from a decade earlier, federal authorities announced in a court filing Friday. CNN's graphic... | | Oliver Darcy emails: With all the chaos that the Trump admin has introduced to the news cycle, it can sometimes be easy to miss the forest for the trees. Which is why graphics like this can be so important. Yes, Acosta's resignation is a big deal. And yes, it should be covered on its own merits. But the BIG story is the pattern of disarray and dysfunction inside this administration. When viewers see just how many administration departures there have been, and when they hear statistics noting that Trump has lost 13 cabinet secretaries in the first two years compared to Obama's zero, the larger message is conveyed... What this poll tells us about Dem voters' media preferences The newest NBC/WSJ poll focusing on Democratic primary voters includes a couple of interesting Qs about media consumption. (PDF here.) Fully 51% of Dem primary voters said they watched/listened to all or some of the debates last month. Another 29% said they didn't watch the debates, but "paid close attention to news stories about them." Another Q: "When it comes to staying up with the news, which of these news sources, if any, do you watch or consume regularly?" Multiple answers were accepted. 52% of Dem primary voters said they watch broadcast news regularly; 47% said CNN; 41% said MSNBC; and 18% said Fox News. Only 28% said they consume "progressive or liberal news outlets, blogs or websites" regularly... TNR says "My Mayor Pete Problem" post was "inappropriate" The New Republic was rightly roasted on Friday for publishing a piece by Dale Peck titled "My Mayor Pete Problem." Kurt Bardella summed up the reactions this way: "WTF is this garbage?" In response to my Q's on Friday evening, editor Chris Lehmann said, "The New Republic recognizes that this post crossed a line, and while it was largely intended as satire, it was inappropriate and invasive." I asked what's being done about it, and didn't immediately hear back... Fox responds to report detailing Tyrus' "lewd" texts to Brit McHenry Oliver Darcy emails: Fox News responded on Friday to Yashar Ali's scoop in HuffPost about Fox Nation host Tyrus. You'll remember, Ali reported on Thursday night, citing four sources, that Tyrus had "sent lewd and inappropriate text messages" to his former co-host Britt McHenry. Included among them, according to Ali, were, "Just pull your boobs out now why don't you. Just grin and bare it" and "keep being negative and I'll send you another dick pic." The network said (again) on Friday that the matter "was immediately and thoroughly investigated by an outside law firm that was charged with providing us with independent factual findings and recommendations for action based on all of the evidence." Fox's statement added, "We have consistently done this in other employee matters of this nature. All protocols were followed and the recommendations we received were appropriate and promptly implemented. We respect the confidentiality of our employees and their involvement in any HR process and therefore will not comment on the results of the investigation."
FOR THE RECORD, PART THREE -- The NYT says it is disappointed by Starbucks' decision to stop selling newspapers, but "we're confident that given our wide retail distribution, readers will have no trouble finding" the paper nearby... (CNN Business) -- "Jon Stewart says the fight is not over for 9/11 first responders after the House of Representatives passed legislation Friday to extend funding for the September 11th Victim Compensation Fund until 2090..." (CNN) -- This 11-minute NYT video is delightful: "Bob Ross painted more than 1,000 landscapes for his television show — so why are they so hard to find? We solve one of the internet's favorite little mysteries." Additional text here... (NYT) Pro-KKK editor sells his paper and retires "The longtime owner and editor of a small Alabama newspaper that called for a revival of the Ku Klux Klan has sold the publication and retired, months after igniting a firestorm with the editorial," The AP's Jay Reeves reports. "Goodloe Sutton, 80, no longer has any role with The Democrat-Reporter newspaper in Linden, said Tommy Wells, the new owner and operator." More here... Recommended reads for your weekend 👓 -- Matthew Ball is out with a REDEF Original about the streaming wars. He summed it up this way: "In sum, (1) None of it played out as expected; (2) No-one really ever tried to replicate Netflix; (3) How Apple, Amazon, Hulu, AT&T & Disney secretly have the same biz model; (4) Boo to niches." Read! -- Jonah Weiner also has a big streaming wars piece in this weekend's NYT Mag... -- Irin Carmon's profile of Shari Redstone is titled "Last Woman Standing:" She was "belittled by Viacom and CBS executives and insulted by her own father," and now she "sits atop a $30 billion media empire..." -- Check out pod pro Nick Quah's "Midyear Check-In." He says he's "still processing the two big news events that have defined the year in podcasting so far: Spotify's massive buys into podcasting and Luminary's bungled roll-out..." -- BTW, The Verge's Ashley Carman looked into Nielsen's plans to get into the "podcast data collection business..." -- "For many queer writers, Pride Month presents a dilemma," Jake Pitre writes in CJR, because "some assignments reek of tokenism..." -- Meet Matt Zurbo, the writer and adventurer with plans to tackle 365 children's books in as many days... Over $100 million in annual profit for "Dateline?" In Sunday's LA Times, Stephen Battaglio takes a look at the "thriving business" of "Dateline" -- the headline: "How Keith Morrison and 'Dateline' became true crime sex symbols." -- The financials: "While NBC won't reveal financials for 'Dateline,' research firm Standard Media Index says the program took in $127.3 million in network and syndication ad revenue in 2018, up slightly from 2017. With each hour costing less than $400,000 to produce, by some estimates the program is generating over $100 million in annual profit." -- And the fandom: "Morrison believes the cult following has extended his career, although he finds the idolatry a bit terrifying. 'I'm 72 years old and there are kids coming up to me saying, 'I loooove you,'' he said." Google announces News tab redesign | | Katie Pellico writes: Look out... Google has begun rolling out a new layout for News tab search results that, per the tweet announcement from Google News Initiative, will aim to make "publisher names more prominent" and arrange "articles more clearly to help you find the news you need." >> Among the first complaints: Journalist Tom Angell tweeted back that the new "card" layout does away with "purple links to denote what we've already clicked," making it "much harder for researchers and journalists to scan news search results." Questions for YouTube's chief product officer Kaya Yurieff emails: I interviewed YouTube chief product officer Neal Mohan, YouTube's No. 2 exec, at VidCon on Thursday. The story + video is up now. I talked with Mohan about YouTube's plans for children's content on the platform. YouTube has been accused of aiding pedophiles in finding clips of young girls and serving up recommendations for extremist content after users, including kids, watched innocent videos. "Nothing is more important than making sure that children are protected on our platform," Mohan told me. "We're always going to err on the side of protecting children when it comes to any of these product or policy decisions on our platform." But it doesn't sound like YouTube would go as far as moving all children's content to its more heavily moderated YouTube Kids app. "One of the fastest growing surfaces for where YouTube is consumed is actually in the living room on the television screen. That's often a place where families, parents and children will watch content together," Mohan said. "That's an experience that we want to continue to make available to families."
FOR THE RECORD, PART FOUR -- The Association of Magazine Media "is shuttering its NYC headquarters and relocating to Washington, DC," Keith Kelly reports. Tom Harty: "We're doubling down on our government affairs. We need to be putting more resources against that..." (NYPost) -- After a four-month search, Netflix has found its next CMO: Jackie Lee-Joe, the former chief marketing officer of BBC Studios..." (Variety) | | Lowry recommends "The Farewell" Brian Lowry emails: Awkwafina shows off her dramatic side in "The Farewell," a splendid independent production from writer-director Lulu Wang that professes to be "based on an actual lie" — that is, a family hiding a terminal diagnosis from an elderly woman, and concocting an elaborate excuse for everyone to go visit her before she dies. It's a standout offering in what's essentially a take-a-breather weekend at the box-office between the debuts of "Spider-Man: Far From Home" and "The Lion King..." "Big Little Lies" turmoil Brian Lowry emails: Indiewire's look at "Big Little Lies" season 2 — and the alleged wresting of creative control from director Andrea Arnold — quickly became the talk of the town on Friday. The lack of on-the-record confirmation complicates the story, but it's going to raise some uncomfortable questions for HBO and the program's stars/producers...
FOR THE RECORD, PART FIVE -- R. Kelly back behind bars: He briefly appeared in a Chicago federal court on Friday. He will "remain in custody until next week after he was arrested on two new separate grand jury indictments alleging he abused girls and women for years," CNN's team reports... (CNN) -- Poynter VP Kelly McBride: "'Stranger Things' nails the '80s — except for female journalists and small towns..." (Poynter) -- HGTV's "Windy City Rehab" is moving ahead with its second season, "despite the City of Chicago suspending host Alison Victoria Gramenos — known on TV as Alison Victoria — from filing more work permits after numerous code violations," per Tony Maglio and Reid Nakamura... (TheWrap) The rocky 2019 box office could soar in the next few months Frank Pallotta emails: Hollywood is in a precarious position as it heads into the second half of 2019 with a sluggish box office that is down roughly 8.6% compared to this time last year. The second half COULD rebound in a big way thanks to franchise films mostly starring The Rock ("Hobbs & Shaw," "Jumanji: The Next Level"), intriguing Oscar bait ("Once Upon a Time in Hollywood," "Little Women"), and of course, Disney ("Frozen 2," "Star Wars"). --> Shawn Robbins: "It's important that the industry not have to rely on Disney to do the heavy lifting because what they've done for the past two years isn't likely to happen again in 2020. 'Avengers: Endgame' was a cinematic event, and cinematic events aren't guaranteed to happen every single year." Read on... | | Thank you for reading! Send me your feedback anytime. See you Sunday... | | | | |
rain-1.github.io Posted: 12 Jul 2019 05:41 PM PDT |
Epic drenching ahead Posted: 12 Jul 2019 04:26 PM PDT TicToc Tonight Greetings, TicToc readers! Friday's almost over. Here's what's happening: But first... NOLA hunkers down as Barry nears New Orleans residents were told to "shelter in place" Friday evening in preparation for Tropical Storm Barry, which is forecast to strengthen into a hurricane by the time it blows ashore Saturday. Homeowners sandbagged their doors and tourists crowded New Orleans' international airport in an attempt to flee, as forecasters predicted up to 20 inches of rain and disastrous flooding. New Orleans Mayor LaToya Cantrell told people along the coast to evacuate amid a storm surge warning. Headlines from around the world Alex Acosta will step down as Labor Secretary by the end of next week after facing criticism for his handling of a plea deal for Jeffrey Epstein. R. Kelly faces charges of racketeering, kidnapping and child pornography in separate indictments unsealed in Chicago and Brooklyn, New York. Wimbledon's singles finals are set: Serena Williams and Simona Halep will meet Saturday and Roger Federer and Novak Djokovic on Sunday. AOC repeated her claim that migrants in U.S. border camps are forced to drink "toilet water," blasting the GOP for calling it a "manufactured crisis." The Federal Trade Commission approved a roughly $5-billion fine for Facebook over privacy violations, the biggest penalty ever for a tech firm. Data of the day Who's got the edge? The Wimbledon final between Federer and Djokovic will mark their 16th Grand Slam showdown. Federer has a record with 8 Wimbledon wins, but Djokovic has the upper hand when it comes to head-to-head matches. Lean back and watch Japan's sacred deer are dying from plastic trash. At least 9 have died in Nara Park in 4 months; one had 7 pounds of plastic in its stomach. Colorful Post-Its are taking over Hong Kong. Extradition bill protesters are expressing anti-government anger on so-called Lennon Walls. India is becoming a space superstar. It'll launch a lunar mission this month, attempting to become the fourth country to land on the moon. This'll only take a minute Are you on WhatsApp? Give us one minute a day and we'll send you all the top stories and why they matter. It's more than just headlines. It's context, analysis and commentary to give you the bigger picture. Sign up today. Don't miss this Rewriting history. A 210,000-year-old skull found in Greece shows human migration out of Africa began earlier than previously thought. Specs with foresight. A Taiwan startup created wireless smart glasses designed to predict and prevent strokes and other brain diseases. That's a first. Heavy metal and knitting enthusiasts showcased their dual talents at Finland's Heavy Metal Knitting World Championship. Before you go Expect table dancing. HaSalon, a zany new eatery in NYC, offers a singular experience in two seatings. "The first seating is dinner. The second is a party," chef Eyal Shani said, when DJs drop in to pump energetic music and transform the restaurant into the "ultimate dinner-as-theater experience." Thanks for reading! Watch your inbox for our next newsletter tomorrow. Until then, share TicToc Tonight with your friends. -Andrew Mach | | |
Why Did Epstein Build a 'Temple' On His Island? Posted: 12 Jul 2019 04:15 PM PDT | | Dome and statues on 'temple' have seemingly vanished. Infowars.com | | | Katie Hopkins | Infowars.com | | Adan Salazar | Infowars.com | | | Adan Salazar | Infowars.com | | | | Jake Lloyd | Infowars.com | | | | Ben Warren | Infowars.com | | Dan Lyman | Europewars.com | | | | |
Facebook gets its wrist slapped Posted: 12 Jul 2019 03:11 PM PDT Evening Briefing The U.S. Federal Trade Commission approved a record privacy settlement against Facebook requiring the social-media company to pay about $5 billion to resolve an investigation stemming from the Cambridge Analytica data scandal. —David E. Rovella Here are today's top stories U.S. stocks ended a record-setting week, one which saw both the Dow and S&P 500 mark new highs. Investors may still be hoping for a Fed rate cut this month, despite an indicator that inflation is rearing its head. Producers in America's oil-rich shale basins are dialing back growth plans as a panoply of problems kill returns and scare off investors. Johnson & Johnson's denials about its baby powder and whether it's connected to cancer just earned it a federal criminal investigation. E-cigarette companies must submit applications to U.S. regulators by next May to keep their vaping products on the market. U.S. farmers who stowed their soy to wait out President Donald Trump's trade war with China made a good bet. Goldman Sachs Ex-CEO Lloyd Blankfein can't figure out why U.S. Senator Bernie Sanders is picking on him. What's Luke Kawa thinking about? The Bloomberg cross-asset reporter says this week has seen the beginnings of duration risk, rather than credit risk, falling out of favor in the marketplace. What you'll need to know tomorrow What you'll want to read in Bloomberg Pursuits We went to the top chefs in search of foods that you might not realize are actually great cooked over a hot fire. Not T-bones and rib-eye, or asparagus or citrus or skin-on, bone-in chicken—but thick-cut bologna for a smoky sandwich and crisp cucumber for a novel side. Like Bloomberg's Evening Briefing? Subscribe to Bloomberg.com. You'll get our unmatched global news coverage and two premium daily newsletters, The Bloomberg Open and The Bloomberg Close, and much, much more. See our limited-time introductory offer. Need something to binge listen to this weekend? Check out our new podcast: From Wondery and Bloomberg, " The Shrink Next Door " is a story from Joe Nocera about power, control and spending three decades seeking help from someone who pretty much turns out to be the wrong person. Listen on Wondery, Apple Podcasts, or wherever you get your podcasts. Download the Bloomberg app: It's available for iOS and Android. | | |
Aubrey O'Day calls 'ex' Donald Trump Jr. her 'soulmate' after alleged affair Posted: 12 Jul 2019 02:34 PM PDT |
عالم المعرفة Posted: 12 Jul 2019 01:55 PM PDT باص يقل 27 طفل سقط في بحيرة مليئة بالتماسيح.. ثم حدث ما لم يكن بالحسبان! شاهد كيف أنقذهم طفل عمره 10 سنوات من الكارثة! Posted: 12 Jul 2019 10:35 AM PDT حدثت هذا القصة، في فلوريدا في الولايات المتحدة الأميركية، بعد أن ترك الباص، الذي ينقل طلاباً إلى منازلهم، المدرسة الابتدائية، فقد السائق سيطرته عليه لسبب غير معروف، وانقلب الباص لينتهي أخيراً في بحيرة. يروي الصغير نيكولاس سييرا، البالغ من العمر 10 سنوات :" فقد السائق السيطرة على الباص. رأيت السائق يدوس على المكابح عدة مرات بدون أي جدوى ". وكأن الحادث بحد ذاته لم يكن كافياً، فإن البحيرة التي غرق فيها الباص كانت مليئة بالتماسيح. كابوس مرعب للأولاد الصغار ! عندما شاهد نيكولاس زملاءه مذهولين ومرعوبين، قرر أن يفعل شيئاً. حمل فتاة صغيرة على ظهره وسبح بها حتى ضفة البحيرة. ثم استدار وعاد سباحة نحو الباص. وأوصل طالبين آخرين إلى الضفة. وبدأ الأهالي الذين سمعوا بالحادث يتوافدون إلى المكان وقفزوا في الماء لينقذوا الأولاد المسجونين في الباص. بفضل نيكولاس، كل الأولاد خرجوا سالمين باستثناء طالب أصيب بجرح بسيط. الجرأة التي أظهرها هذا الصبي كانت استثنائية. لحسن حظ زملائه أنه كان موجوداً. شجاعته تجعل منه مثالاً ورجلاً حقاً ! | |
The VW Beetle’s death spells the end of the small car Posted: 12 Jul 2019 01:49 PM PDT Bloomberg Opinion Today Today's Agenda The End of the Small Car In "Raising Arizona," H.I. McDunnough observes that the Lone Biker of the Apocalypse is "especially hard on little things." He was talking about bunny rabbits and such, but today this also applies to cars. This week the Volkswagen Beetle died, ending a wild history stretching from Nazi Germany through the Summer of Love to Lindsay Lohan. It's the latest victim of an increasingly hostile environment for small cars, writes Chris Bryant: VW is replacing the Beetle with a compact SUV, succumbing to growing consumer demand for bigger vehicles. This appetite feeds itself, as people balk at driving tiny cars that could be squashed by the monsters barreling down the highways. But the timing is particularly bad for humanity, Chris notes: Bigger cars guzzle more gasoline, leading to more carbon emissions, right when we desperately need less of that. This may also come back to haunt automakers enjoying big-car profits, as big-car prices soar out of reach, making car ownership less desirable for common volk. Lately, the car industry has been a bit preoccupied with simply trying to survive, as Daimler's fourth profit warning in a year shows. It's a reminder for investors, Chris Bryant writes in a second column, that the true state of the car business is a rapidly moving target. Time to Get Serious on Immigration President Donald Trump today confirmed that his administration plans mass immigrant roundups this weekend, just a day after abandoning efforts to add a citizenship question to the 2020 census. They're the latest steps in Trump's scattershot, self-defeating approach to his signature issue. But as consistently wrong as Trump is on immigration, most of the Democrats running to unseat him lack serious counter proposals, Bloomberg's editorial board writes. It will take years of thoughtful, concerted effort to balance a real need for border security while fulfilling America's humanitarian and demographic imperative to welcome asylum-seekers, the editors write. They have some ideas on what needs to be done, as does James Gibney. Why is striking the balance right so important? Because an aging population and years of failed efforts to find solutions will leave the U.S. short of the entrepreneurial spirit and talent that immigrants bring to the economy, James writes. That talent, meanwhile, is going elsewhere: Fill Your Boots With Bonds Even those who think little about economics can grasp one of its core concepts: that higher demand leads to higher prices, which eventually hurts demand. Today's bond market would blow their minds. Lately, the higher bond prices rise, the more people hunger to buy them. In this way, they fit the definition of a far-more obscure economic idea known as the "Giffen good." As Komal Sri-Kumar writes, these are things that grow more desirable as their prices rise. In this case, expensive bonds signal worry about the economy, which makes people even more anxious for safer places to park their cash. So they buy more bonds, even when yields are negative. That's one reason a super-bearish bond call by fund manager Franklin Templeton looks increasingly detached from reality, writes Brian Chappatta. Then gain, the U.S. Treasury keeps struggling to sell its long-term debt, notes Robert Burgess. That suggests the bond market's trip to the Upside Down will eventually end. It just might take a while. Further Interest-Rate Reading: Is Alexandria Ocasio-Cortez right about the Phillips Curve? Maybe, maybe not; either way, the Fed should cut rates. – Noah Smith Diplomacy Isn't Dead, It's Just Resting Former Vice President Joe Biden this week laid out a foreign-policy vision that vows a return to the centrist liberalism of the pre-Trump era, notes Hal Brands. The big question is how this will play with both a less-centrist Democratic primary electorate and a general population that put Trump in the White House despite his unorthodox policy views. We'll never know how the centrist-liberal approach of Earth-Two's President Hillary Clinton would have worked on, say, North Korea. We do know Trump's bluster-and-bro-hug approach has left us here on Earth-One just kind of accepting that Kim Jong Un will end up with some number of nuclear weapons. And this might be OK, writes, James Stavridis, as long as we handle this new reality carefully. Further Diplomacy Reading: Qatar somehow manages to keep the U.S., Iran and Turkey all happy at once. – Hussein Ibish Telltale Charts OPEC+ needs Russia's loyal cooperation to meet its production-cutting goals, notes Liam Denning. That should go well. David Fickling notes one big reason coal assets aren't fetching high prices these days: Solar power is so much cheaper. Further Reading The biggest fashion hit of the summer is a polka-dotted dress from Zara's. This shows both the edge the Inditex SA-owned chain has, and the challenges it faces. – Andrea Felsted and Sarah Halzack Trump has unexpectedly sided with Federal Reserve Chairman Jerome Powell and against Steve Bannon in supporting the dollar over Bitcoin; even more ironically, he's the dollar's biggest threat. – Lionel Laurent Free college might make our stagnant-wage problem even more intractable. – Karl Smith China needs to develop its own strong investment banks, but Beijing keeps interfering. – Nisha Gopalan It keeps getting more expensive for Apple Inc. to access bleeding-edge phone components. – Tim Culpan Planting a trillion trees is a necessary but insufficient response to climate change. – Faye Flam Update: Anheuser-Busch InBev today abandoned an IPO of its Asian unit after struggling to drum up demand. Earlier today, Chris Hughes wrote a failed IPO would be a big problem for the brewer. ICYMI Jeffrey Epstein's private island goes quiet. Labor Secretary Alex Acosta resigned amid Epstein furor. The U.S. may run out of cash in a couple of months. Kickers Facebook and Carnegie Mellon built a bot that beats humans in poker. (h/t Scott Kominers) Costa Rica has run for 300 straight days on nothing but renewable energy. A ketogenic diet may treat schizophrenia. TikTok stars are taking over. Note: Please send poker bots and complaints to Mark Gongloff at mgongloff1@bloomberg.net. New to Bloomberg Opinion Today? Sign up here and follow us on Twitter and Facebook. | | |
Apple's co-founder is warning people to "get off Facebook" Posted: 12 Jul 2019 01:27 PM PDT 🔔 Canada's former ambassador to China made some controversial comments this week, and no one is happy with him about it.💊 Bernie Sanders is headed to Canada to prove a point about U.S. pharmacare — but Canadians are worried about possible "drug tourism."🐬 A slow-moving flood of polluted Mississippi River water is causing serious damage to Gulf of Mexico species, and a major storm threatens to make it worse.Editor's note: Our apologies for the lack of a newsletter yesterday. Some prior commitments prevented us from being able to send one out. Hopefully you didn't miss us too much! Apple co-founder Steve Wozniak questioned if the technology so many of us have embraced might actually be working against us. According to activist group Air Passenger Rights, the new combined airline would have “quasi-monopolistic” powers in the trans-Atlantic and sunny destinations parts of the air travel market, controlling 62 per cent and 46 per cent of those markets, respectively. Conservatives want Canada’s spy service to investigate John McCallum, claiming comments the former ambassador made to Chinese officials constitute a “Liberal invitation” to interfere in the upcoming election. Sanders, who has long targeted pharmaceutical companies for the cost of prescription drugs, made a similar medication trip to Canada in 1999. He has accused the industry of being antithetical to the interests of the American public. 👍 You're all set. Have a great weekend. HuffPost is now part of Verizon Media Group. On May 25, 2018, we introduced a new privacy policy, which explains how your data is used and shared. Learn more.Follow HuffPost Canada on Facebook, Twitter, Instagram ©2019 HuffPost Canada | 99 Spadina Ave., Suite 200, Toronto, Ont., M5V 3P8 You are receiving this email because you signed up for updates from HuffPost Canada Feedback | Privacy Policy | Unsubscribe | |
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Most Social: Donald Trump slams Paul Ryan in late-night Twitter rant: 'Couldn't get him out of Congress fast enough!' Posted: 12 Jul 2019 10:01 AM PDT President Donald Trump lashed out at former Speaker of the House Paul Ryan on Twitter following the release of excerpts from "American Carnage." | | |
Epstein Controversy Sinks Trump's Labor Secretary Posted: 12 Jul 2019 09:27 AM PDT Tune into the Live Show | | Alex Jones here! Start Your Weekend Informed! President Trump’s Labor Secretary Alex Acosta has resigned amid rising controversy over the way he handled Jeffrey Epstein’s crimes 12 years ago. Tune in now to learn what the corporate media is leaving out of the story! Don’t forget, Infowars.com’s 1776 WORLDWIDE 34-HOUR BROADCAST has officially begun! Help us continue to remove globalists from office with our special salute to the American spirit! Spread the word about the groundbreaking deals at InfowarsStore.com where you can enjoy 75% off on more than 30 items while also nabbing your favorite shirts and Infowars Life products for just $17.76! Moreover, experience at least 10% off everything in the store!Don’t miss today’s jam-packed LIVE BROADCAST that includes grassroots director of Liberty Hangout Kaitlin Bennett breaking down what Trump’s social media summit means for conservatives! Tune into infowars.com/show Monday-Friday from 11AM-3PM Central and Sunday 4-6 PM Central to watch the most banned broadcast in the world with breaking news and commentary exclusively from me and other great Infowars hosts and guests!Tell your friends and family to tune into infowars.com/show to watch today's broadcast and beat the Big Tech censors! As Infowars faces unprecedented censorship, it's more important than ever that you spread this link. Remember – if you’re receiving this email, you are the resistance. | | | |
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BREAKING NEWS: Mueller testimony delayed by one week Posted: 12 Jul 2019 07:19 AM PDT |
BREAKING NEWS: Alexander Acosta stepping down as Labor secretary Posted: 12 Jul 2019 06:45 AM PDT |
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In case you forgot this is a dystopia Posted: 12 Jul 2019 05:09 AM PDT ICE's planned raids, Trump drops the citizenship question, Facebook's ad transparency THE BIG STORY
ICE raids targeting thousands of families across the US are planned for Sunday
A massive coordinated operation to remove undocumented families in several cities is expected to launch on Sunday. Two sources told us one of the largest family detention centers has stopped booking new detainees to clear space to hold the families who will be arrested. The operation is expected to last several days, and will target undocumented families who have been issued final removal orders. The family detention center in Dilley, Texas, has stopped admitting new detainees, dropping its population from 1,628 people to just over 200 as of this week, and creating added capacity to hold families picked up in the raids. Families generally cannot be held for longer than three weeks. One of our sources said the forthcoming operation will be "traumatic" for children in the targeted families. Here's everything we know about the planned raids. Detainees at the South Texas Family Residential Center in 2018. Charles Reed / AP STAYING ON TOP OF THIS Trump has backed down on putting a citizenship question on the 2020 census
President Donald Trump will drop the pursuit of adding a citizenship question to the upcoming census — a dramatic concession from his position last week that the question is "absolutely moving forward." Trump said that because of the time it would take to continue litigating over the question, the administration would pursue a different option: to collect citizenship data from federal agencies. If this plan sounds familiar, it's because the Census Bureau had originally recommended it to Commerce Secretary Wilbur Ross. He rejected it, in favor of adding the citizenship question. SNAPSHOTS Italian prosecutors are investigating a proposed deal to pump Russian oil money to the party of Italy's far-right deputy prime minister. The announcement of the investigation came a day after we revealed a bombshell recording in which a close aide of Matteo Salvini's and five other men can be heard negotiating the terms of the proposed deal in Moscow. Elizabeth Warren wants to create a task force to investigate abuses of immigrants. The presidential candidate released a broad immigration plan that includes measures for holding authorities accountable for human rights violations. Jeffrey Epstein has offered to ground his private jet and have a live-in monitor instead of going to jail. The billionaire, who is charged with running a sex trafficking ring of underage girls out of his $77 million Manhattan townhouse, wants to await his trial at home. He offered to install video cameras and hire private security guards. Jason Momoa is being body-shamed because he doesn't have abs anymore. Fans are jumping to Momoa's defence after he was body-shamed on social media for not having a six-pack. IS IT BETTER TO KNOW? Facebook will now show you how to opt out of targeted ads
After sustained criticism over lack of transparency in how users get served ads, Facebook responded by launching a new tool that will give people a little more information about how targeted ads work. The good news is you can see more details about why you're seeing an ad in your feed, how it is linked to an ad agency or data broker, and how to opt out of interest-based ads from businesses that have your information. In case you forgot that this is a dystopia, though, the bad news is by looking at the tool, you may feel worse about how your data is passed around by third-party data brokers like credit reporting bureaus and marketing agencies. Still, the major step here: This is the first time Facebook is actually showing you which marketing companies and data brokers have your data. Read Katie Notopoulos's analysis of the new tool. RELAXING TIME Enjoy these longreads this weekend Midsommar Is Scary But Not Because Of All The Grisly Deaths. Have you seen Midsommar? There are spoilers in Alison Willmore's thoughtful piece about the movie, so if you've seen it (or don't plan to see it because you avoid horror movies), read on: "Midsommar mostly takes place in Sweden, but at its core is a particularly American sense of rootlessness." MTV's New Dating Show Actually Gets Queer Dating. I've long tapped out of dating reality shows, and Pier Dominguez's piece on Are You The One might get me to return. For seven seasons, men and women have been paired on the show. But in the new season, MTV included only sexually fluid participants who are attracted to all genders. Per Dominguez's analysis: it works, as the show "explores the complexities of gender and desire in a way rarely seen on reality TV." The Rise of The Rom-Com Schlub. I've seen Always Be My Maybe but haven't yet seen Long Shot. Alison Wilmore draws a line between the two: the films let their ambitious women have it all — because the men in their lives are willing to hold their purses. Give yourself permission to enjoy what you've achieved without guilt, Elamin BuzzFeed, Inc. 111 E. 18th St. New York, NY 10003
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Sneakers give art a run for its money at first-of-a-kind Sotheby's auction Posted: 12 Jul 2019 05:03 AM PDT |
Friday Morning Briefing: As U.S. debt and deficits mount, presidential candidates sweep them under the rug Posted: 12 Jul 2019 04:20 AM PDT | | | | | | Top News | | | Donald Trump retreated from adding a contentious question on citizenship to the 2020 census, but insisted he was not giving up his fight to count how many non-citizens are in the country and ordered government agencies to mine their databases. Trump’s plan to add the question to the census hit a roadblock two weeks ago when the U.S. Supreme Court ruled against his administration, which had said new data on citizenship would help to better enforce the Voting Rights Act, which protects minority rights. | | Tropical storm Barry could strengthen into a hurricane by Friday night or early Saturday when the center is near the coast of Louisiana, the U.S. National Hurricane Center said. Nervous New Orleans residents prepared to flee as Tropical Storm Barry closed in, with forecasts of “extreme rain” and more flooding ahead of the storm’s predicted landfall by early on Saturday as the first Atlantic hurricane of 2019. | | Fifty years after men first walked on the moon, there are plans to go back, this time to stay. On the 50th anniversary of Apollo 11’s moon landing, NASA is setting its sights on returning to the moon, and going far beyond. The Lunar Orbital Platform-Gateway, a crucial outpost for the U.S. mission to relay astronauts to the moon in 2024, has had a slow start, but the initial module is now under contract. | | | Singapore | Singapore’s economy grew at its slowest annual pace in a decade in the second quarter, preliminary data showed, raising bets that a technical recession and monetary policy easing could be just around the corner. The slump in Singapore - often seen as a bellwether for the health of the global economy - is the latest evidence that momentum has slowed across Asia as the year-long U.S.-China trade war and sliding growth weigh on the region’s export-reliant economies. | | | | | | | | | Asia | Kim Jong Un has been formally named head of state of North Korea and commander-in-chief of the military in a new constitution observers said was possibly aimed at preparing for a peace treaty with the United States. Chinese President Xi Jinping urged President Trump to ease sanctions on North Korea during their meeting in Japan last month, China’s Foreign Ministry said. | | Taiwanese President Tsai Ing-wen arrived in the United States on a trip that has angered Beijing, warning that democracy must be defended and that the island faced threats from “overseas forces,” in a veiled reference to China. China, which claims self-ruled and democratic Taiwan as its own and views it as a wayward province, had called on the U.S. not to allow Tsai to transit there on her overseas tour. | | Exclusive: India’s ruling party will revive a plan to build secured camps to resettle scores of Hindus in the Muslim-dominated Kashmir Valley, a senior leader said, a proposal that would almost certainly heighten tensions in the restive region. Ram Madhav, who is the Bharatiya Janata Party national general secretary responsible for Kashmir, said his Hindu nationalist party was committed to helping bring back some of the estimated 200,000-300,000 Hindus who fled the Kashmir Valley in the aftermath of an armed revolt that began in 1989. | | | | South Korea called for an international investigation of what it said were accusations by Japanese officials that it had passed some high-tech materials imported from Japan on to North Korea in violation of U.N. sanctions. Japan last week tightened restrictions on the export of three materials used in smartphone displays and chips, following frustration over what it sees as South Korea’s failure to act in response to a ruling by one of its courts last October ordering Japan’s Nippon Steel Corp to compensate former forced laborers. | | | | | | | | | Business | Carmaker Volkswagen will inject $1 billion in capital and $1.6 billion worth of assets into Ford’s self-driving unit, a source close to the matter said, as the two carmakers deepen a global alliance to share costs. 3 min read | | Boeing has reassigned the head of its next airplane project to run the troubled 737 program, according to a memo seen by Reuters, as the grounding of its 737 MAX in the wake of two accidents commands the U.S. planemaker’s full attention. 4 Min Read | | As Federal Reserve Chair Jerome Powell kept the focus on global risks that could trigger a Fed rate cut in coming weeks, his colleagues from regional Fed districts painted a rosier picture of continued U.S. economic growth and a solid business outlook. 6 min read | | | | | | | | Top Stories on Reuters TV | | | | | | | | |
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