Marc Ross Daily
September 30, 2019
Curation and commentary from Marc A. Ross
Reporting from Alexandria, Virginia
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70th Anniversary, Cancer, Whistleblower, Forever 21, JJ Abrams, Leicester City
✔️ France marks a day of mourning for Jacques Chirac
✔️ Pop-up stores earn a permanent place in retail strategy
✔️ Biden’s digital ads are disappearing. ‘Not a good sign’
✔️ Forever 21 filed for bankruptcy protection
✔️ MLB finishes season with 6,776 homers, up 11%
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France marks a day of mourning for Jacques Chirac: FT reports, world leaders gathered for a final tribute to the fondly remembered former French president, who died last week at age 86.
France bids farewell to ex-president Chirac: Reuters reports, a coffin bearing the body of former French president Jacques Chirac, who died last week, received a solemn send-off on Monday from a military honor guard and a band playing Chopin's Funeral March.
World leaders gather in Paris for Jacques Chirac's funeral: DW reports, German President Frank-Walter Steinmeier has joined dozens of world leaders in Paris to farewell former French president Jacques Chirac. The country is holding a national day of mourning.
Thousands rally in Moscow to demand release of protesters: WSJ reports, thousands of Russians rallied Sunday to demand the release of protesters jailed during political demonstrations this summer that became the biggest public show of dissent in years against the rule of President Vladimir Putin.
Austria's far-right loses ground as Sebastian Kurz wins landslide: DW reports, Conservative leader Sebastian Kurz and his People's Party have won Austria's parliamentary vote. The far-right Freedom Party, Kurz's former coalition partner, has taken a beating following a corruption scandal.
Britain's Boris Johnson won't quit, vows to 'get Brexit done': DW reports, the UK prime minister has turned up the Brexit rhetoric as his ruling Conservative Party meets in Manchester. But the annual conference risks being disrupted by a no-confidence vote in his government.
Boris Johnson fights allegations of sexual impropriety: Bloomberg reports, the embattled prime minister is still promising to deliver Brexit with or without a deal on Oct. 31.
Boris Johnson is expected to announce a £5 billion subsidy to support the rollout of fiber broadband to rural areas at the Conservative party conference in Manchester this week.
Reuters: On US delisting threat, China says 'decoupling' would harm both sides
Trump officials play down reports of China investment limits: Bloomberg reports, Treasury denies China delisting plans “at this time.”
Despite the recent resumption in the US-China trade talks, Capital Economics expects the White House to follow through on threats to raise tariffs later this year.
Reuters: Global third-quarter M&A sinks to three-year low amid US-China trade war fears
Xi extols China’s ‘red’ heritage in a land haunted by famine under Mao: NYT reports, seventy years after Mao Zedong founded the People’s Republic, Xi Jinping’s visited Xinyang. Its survivors of mass starvation went unmentioned.
Beijing shuts up shop as it prepares for national day: FT reports, roads, bars and restaurants near military parade route closed ahead of October 1.
Nikkei: At 70, China cheers its past as world braces for its uncertain future
Rulers face economic risks and nervous neighbors after decades of growth.
Hong Kong’s status as neutral ground at risk as China asserts power: NYT reports, the island’s traditional role as a gateway is under assault from Trump’s trade war and a crackdown on pro-democracy demonstrators.
Hong Kong rejects democracy rally on China's National Day: DW reports, a Hong Kong appeals board has upheld a ban on an anti-government demonstration planned for Tuesday's 70th anniversary of the founding of communist China.
Unrest in Hong Kong is a reminder that China’s emergence as an economic superpower has not been paralleled by political liberalization.
On Tuesday, China will mark the 70th anniversary of the founding of the People’s Republic. For pro-democracy activists in Hong Kong, the occasion offers a new opportunity to demonstrate their anger at Chinese rule.
China quietly doubles troop levels in Hong Kong: envoys: There are now up to 12,000 Chinese troops in Hong Kong, diplomats tell Reuters. Among them: members of the People’s Armed Police, a paramilitary force that answers to Xi Jinping.
China's manufacturing activity saw a modest improvement this month.
Nouriel Roubini: Four collision courses for the global economy: Between US President Donald Trump's zero-sum disputes with China and Iran, UK Prime Minister Boris Johnson's brinkmanship with Parliament and the European Union, and Argentina's likely return to Peronist populism, the fate of the global economy is balancing on a knife-edge. Any of these scenarios could lead to a crisis with rapid spillover effects.
WSJ: Workers are fleeing big cities for smaller ones—and taking their jobs with them
Places including Boise and Denver are growing fast, partly because of employees working remotely.
Pop-up stores earn a permanent place in retail strategy: Bloomberg reports, they’re becoming more collaborative and are gaining in popularity with bigger stores and brands.
H&M wants more customers to recycle their clothes: Bloomberg reports, fast-fashion discards are being shredded, and the fibers can be used in new garments.
More people are getting cancer, but fewer are dying from it: Between 2007-2017, incidence rates of cancer increased in 123 countries, while death rates from cancer decreased in 145 of the 195 countries in the study.
The most common cancer type in men and women in 2017 was nonmelanoma skin cancer.
WSJ: Whistleblower is expected to testify soon, Schiff says
Trump allies and Democrats trade blistering attacks over impeachment: LAT reports, while congressional Democrats cite evidence Trump abused powers, the president’s supporters aimed attacks at the whistleblower, Biden and the impeachment inquiry itself.
Reuters: US House impeachment inquiry to intensify; Trump remains defiant
NYT - Editorial: Why the Trump impeachment inquiry is the only option
CBS News poll: Majority of Americans and Democrats approve of Trump impeachment inquiry
Impeachment furor throws 2020 campaign into uncertain territory: WP reports, Democratic candidates find themselves forced to address impeachment while still wooing voters on issues — a potentially perilous dynamic erupting four months before the first votes.
Biden aides urge TV news channels to stop booking Giuliani.
WP: Joe Biden faces the Trump fusillade. Are he and his campaign up to it?
Biden’s digital ads are disappearing. ‘Not a good sign,’ strategists say. NYT reports, Joe Biden’s presidential campaign has sharply scaled back his online advertising, a potentially worrisome sign about his appeal among the digitally active.
Bernie Sanders pushes ‘inequality tax’ to punish companies where CEOs earn far more than workers: WP reports, the plan would increase a firm’s corporate tax rate if its highest-paid employee earns more than 50 times that of its average worker.
Americans' incomes climbed 0.4% in August, in line with economists' expectations.
Capital goods orders were weaker than expected, pointing to softer business investment.
Google draws House antitrust scrutiny of internet protocol: WSJ reports, antitrust investigators are scrutinizing plans by Google to use a new internet protocol in a way that some say could make it harder for other companies to access consumer data.
Bitcoin is now trading below $8k.
Forever 21 filed for bankruptcy protection on Sunday and said it planned to close hundreds of stores.
VW gears up for Germany’s largest collective legal claim: FT reports, row intensifies over best way to gain compensation in wake of Dieselgate scandal.
Nikkei: Hyundai joins 'flying car' race with new urban aviation unit
Automaker taps NASA researcher in an attempt to catch up with Uber and Airbus.
Elon Musk has unveiled the latest iteration of his space company’s newly assembled Starship, outlining a speedy development timeline for the centerpiece vehicle of SpaceX’s quest to launch humans to the moon and Mars.
Inside the new Uber: Weak coffee, vanishing perks and fast-deflating morale: WP reports, Uber is changing as it shifts from a closely held unicorn start-up to a publicly-traded company that appears to be losing investors’ confidence, according to interviews with current and former workers.
GM + UAW talk on as strike enters the third week.
Facebook will have to share messages with the UK: Under a new treaty between the US and the UK, social media platforms based in the US, including Facebook and WhatsApp, will be forced to share user's encrypted messages with the British police, Bloomberg reports.
Who gets what for an airline ticket: When you buy an airline ticket, on average 13% of the price goes to airplane fuel, 1.6% to airport fees, 28% to pay airline employees, and only 14% remains as profit for the airline,
Rent the Runway is putting a temporary hold on new customers as it struggles with delivery to its current customers.
Jerry Daykin: Personalisation without personal data? Digital as a medium has naturally brought with it new targeting and data-led opportunities. It’s also brought elevated consumer expectations as we’re increasingly used to experiencing personalized and tailored media feeds. Yet data has always brought with it challenges which means responsible advertisers approach it cautiously - whether it’s issues of unnecessary complexity, reach limiting targeting, questionable expense, or of course privacy and fair usage. http://bit.ly/2n34zPF
JJ Abrams’ Hollywood takeover: Will he save or kill cinema?The film-maker’s deal with Warner suggests further dominance – but he’s hardly an innovator.
Jamaica's Shelly-Ann Fraser-Pryce wins 100 meters: DW reports, this is the fourth time the 32-year-old sprint legend has claimed the title. She beat Dina Asher-Smith and Marie-Josee Ta Lou to take first place.
The Astros will have home-field advantage throughout the MLB playoffs.
MLB finishes the season with 6,776 homers, 11% above the previous record.
Leicester City is up to third place in the Premier League after dismantling Newcastle United 5-0 on Sunday.
Premier League: Top 6
2. Man City
4. West Ham
5. Tottenham Hotspur
NFL: The Chiefs and the Patriots both retained their unbeaten records in tough games against Detroit and Buffalo respectively.
Enjoy the ride + plan accordingly.