News + Analysis at the Intersection of Globalization + Disruption + Politics
Marc Ross Daily
May 7, 2019
Curation and commentary from Marc A. Ross
Reporting from Alexandria, Virginia
Reneging, eHighway, 2020 Democrats, Tourism, Exercise
✔️ US accuses China of ‘reneging’ on trade commitments
✔️ Germany tests first eHighway autobahn
✔️ Most likely to defeat Trump? 2020 Democrats point to themselves
✔️ LA tourism generated a record $36.6 billion for the region
✔️ How exercise affects our memory
You … ARE … who you hang out with. What does that say about your day? (Try and add at least one outlier to your portfolio of contacts.)” -- Tom Peters
US accuses China of ‘reneging’ on trade commitments: WP reports, Trump administration officials declined to specify where China sought to amend prior agreements in a proposed accord and they reaffirmed plans to raise tariffs on $200 billion of Chinese goods on Friday.
US accuses China of reneging on its trade commitments: WSJ reports, prospects for a speedy conclusion to the US-China trade fight dimmed after US officials accused Beijing of reneging on its promises and vowed to raise tariffs on $200 billion in Chinese imports to 25% starting Friday.
Beijing dismisses Trump’s tariff threats and will send negotiators to Washington this week.
WSJ - Editorial: Trump’s China brinksmanship
The incentives for a deal are overwhelming on both sides.
"The Chinese shouldn’t underestimate how much US opinion has hardened toward their practices across the ideological spectrum. A deal with Trump may be the best chance the Chinese have to avoid a protectionist eruption against them in Congress."
Steve Bannon: We’re in an economic war with China. It’s futile to compromise.
"The central issues that must be faced are China’s intentions on the world stage and what those ambitions mean for US prosperity. With our country at a crossroads, it is more important than ever that Trump follow his instincts and not soften his stance against the greatest existential threat ever faced by the United States."
Tonight: Trump's trade war on Frontline: The inside story of Trump’s gamble to confront China over trade. Reporting from the US and China, Frontline and NPR investigate what led the world’s two largest economies to the brink, and the billions at stake. Here's the trailer: https://to.pbs.org/2H43CfS
Why Democrats don’t want to mention Trump’s (trade) war: FT reports, the dispute with China has hit farmers but US presidential hopefuls are reluctant to campaign against it.
How Chinese spies got the NSA’s hacking tools, and used them for attacks: NYT reports, Chinese intelligence agents acquired National Security Agency hacking tools and repurposed them in 2016 to attack American allies and private companies in Europe and Asia, a leading cybersecurity firm has discovered. The episode is the latest evidence that the United States has lost control of key parts of its cybersecurity arsenal.
The losses have touched off a debate within the intelligence community over whether the United States should continue to develop some of the world’s most high-tech, stealthy cyberweapons if it is unable to keep them under lock and key.
Guardian: Labour MPs say they won't back a Brexit deal without a people’s vote
Corbyn faces opposition from at least 60 MPs to a customs pact with May without a second vote.
May is preparing to make new proposals of a temporary customs union until the next election, matching EU employment rights in the future and alignment of single market regulations on goods.
FT: US to impose tariffs on Mexican tomatoes
Measure likely to cost industry $350m a year, Mexican official says.
Green Party win in BC shows climate issues could impact October: CBC reports, British Columbia voters sent a message that Canadians are deeply concerned about the environment and climate issues will be at the forefront in October's federal election campaign, jubilant Green Party supporters said Monday night.
Voters in Nanaimo elected Paul Manly of the Greens as their new member of Parliament, barely six months before October's federal vote.
US climate change refusal sinks Arctic declaration: delegates: AFP reports, members of the Arctic Council meeting in Finland's far north on Tuesday failed to issue their traditional final declaration due to a US refusal to mention climate change, delegates said. At the start of the 11th ministerial meeting, chair Finnish Foreign Minister Timo Soini announced a change to the planned agenda, saying the final joint declaration would be replaced by ministerial statements. He provided no explanation.
Bloomberg: Americans have so many subscriptions they need apps to track and cancel them
“Corporations in America today make money when people aren’t paying attention,’’ said Thomas Smyth, whose Trim financial-management app, which cancels unwanted services, has grown to 500,000 subscribers since it launched in 2015. “We live in a subscription economy. If you’re paying for anything and it’s not a subscription today, it will be tomorrow.”
Germany tests first eHighway autobahn: DW reports, Germany's first real-time test of electrified trucks fed via overhead cables amid heavy motorway traffic has begun near Frankfurt. The Environment Ministry hopes the project could contribute to climate-neutral haulage.
Who’s most likely to defeat Trump? 2020 Democrats point to themselves. WP reports, one camp believes victory depends on a nominee who can recapture the white blue-collar voters who backed Barack Obama in 2008. Another argues the best move is to mobilize voters who would rather not vote than vote Republican.
Anadarko said a $38 billion bid by Occidental Petroleum was superior to an offer it had accepted from Chevron.
Bitcoin is up some 12% over the past month.
LAT: Los Angeles tourism generated a record $36.6 billion for the region’s economy last year
Tim Culpan: Tariffs are a smokescreen for shrinking China footprint: Technology companies aren’t keen to put all their eggs in the mainland basket. The trade war is a convenient excuse to get out.
Life of a fire lookout (video): For the past 24 years, Leif Haugen has spent his summers living alone atop a mountain in Montana’s pristine wilderness. As a fire lookout for the US Forest Service, Leif is charged with protecting the surrounding landscape, watching for signs of fire from his solitary perch. Spending up to two weeks alone at a time, he spends his days unwinding amid the peace and quiet, watching as the world passes him by. http://bit.ly/2GZrph8
How exercise affects our memory: Even a single workout may make our brain’s memory centers, like our muscles, more fit. https://nyti.ms/2H0X6Xu
"When people first begin exercising, he points out, their muscles strain and burn through energy. But as they become fitter, those same muscles respond more efficiently, using less energy for the same work."
Champions League - Final Four (2nd Match):
Tottenham v Ajax - Wednesday @ 3:00 pm ET (Ajax +1)
Barcelona v Liverpool: Today @ 3:00 pm ET (Barca +3)
Enjoy the ride + plan accordingly.