Marc Ross Daily
September 4, 2019
Curation and commentary from Marc A. Ross
Reporting from Alexandria, Virginia
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Carrie Lam, Boris Johnson, Marianne Williamson, Joaquin Phoenix, Ryan Murphy
✔️ Hong Kong to kill extradition bill that sparked protests
✔️ WSJ - Editorial: Trump’s manufacturing SOS
✔️ Warren narrows Biden lead among Democrats
✔️ Samsung's Galaxy Fold will go on sale on in South Korea
✔️ World's most liveable city: Vienna
Take time to get your 50 mission cap
A fifty mission cap was a stiff cloth cap with a visor issued to Allied bomber pilots in World War II when they had completed fifty missions.
After fifty missions, the pilots were known to weather and beat their cap into a more rugged and worn look. Cheating death and pushing the envelope makes one want to display a roughness and not wear a stiffer and newly issued flight cap.
These worn and personalized hats obviously made these pilots more identifiable and therefore more respected by the rookies.
The cap was thus a status symbol.
A symbol that you had the knowledge.
A symbol that you had the experience.
A symbol that you had the professionalism.
Read the full post here: http://bit.ly/2zQWUH6
CNBC: Trump was so angry after China’s trade retaliation that he wanted to double tariffs
Trump was outraged after he learned Aug. 23 that China had formalized plans to slap duties on $75 billion in US products, in response to new tariffs from Washington on Sept. 1.
Treasury Secretary Mnuchin and USTR Lighthizer then enlisted multiple CEOs to call the president and warn him about the impact such a move would have on the stock market and the economy.
Hong Kong to kill extradition bill that sparked protests: WSJ reports, in a major concession to protesters, Hong Kong Chief Executive Carrie Lam said she would withdraw the China extradition bill that sparked a tumultuous summer of unrest in the city.
Hong Kong leader agrees to withdraw bill that ignited protests: NYT reports, stopping the bill, which would have allowed extradition to mainland China, has been at the top of protesters’ demands. But today’s decision by Carrie Lam, Hong Kong’s chief executive, may not bring an end to the demonstrations, which are now driven by many grievances.
HK chief Carrie Lam formally withdraws extradition bill: FT reports, leader’s announcement marks first concession to protesters after weeks of violent clashes.
Hong Kong stocks rebound on plans for extradition bill's withdrawal.
Blocked Chinese Twitter accounts misinformed for years: think tank: AFP reports, hundreds of Chinese accounts suspended by Twitter were part of a disinformation operation for years targeting critics of China's ruling Communist Party, Australian researchers have found. After combing through 3.6 million tweets from 940 suspended Twitter accounts, the Australian Strategic Policy Institute said the accounts had conducted "blunt-force influence" campaigns for "at least two years".
Tom Mitchell: Xi Jinping and Carrie Lam face a dilemma in Hong Kong: It is not clear that China’s withdrawal of the extradition bill will placate protesters.
Cathay Pacific chairman resigns amid pressure on Hong Kong business: NYT reports, the resignation of John Slosar was the second high-profile departure from the carrier, which has been rocked by protests in its home city.
Stephen A. Myrow: China finds it can live without the US: Hawks in Washington speak of ‘decoupling.’ Xi Jinping is already busy doing that—his way.
British lawmakers upset Johnson’s Brexit plan: WSJ reports, UK lawmakers delivered a blow to Prime Minister Boris Johnson’s Brexit strategy, prompting the British leader to call for a general election.
Parliament is forcing Boris Johnson to ask the EU for another Brexit extension. The betting markets' probability of Brexit by November 1st dropped sharply, and the pound rose.
UK opposition lawmakers plan to turn up heat on Boris Johnson: NYT reports, after the prime minister’s stinging defeat in his first parliamentary vote on Brexit, lawmakers promised to complicate his plan for a swift general election.
The Times: Johnson faces backlash over purge
21 Tory rebels expelled as Commons moves towards blocking no-deal.
Britain may face snap elections after Boris Johnson suffers major loss in Parliament: WP reports, rebels from the prime minister’s own party voted to permit debate on emergency legislation to avoid an abrupt departure from the European Union. Johnson had warned he would call for new elections rather than support a “pointless delay.”
Robert Shrimsley: Johnson gambles everything on an election that will transform Britain: There is a path to electoral success, but the prime minister’s strategy is fraught with danger.
Only third of voters want snap election, poll finds.
Conte seeks go-ahead for Italy coalition government: FT reports, League’s Matteo Salvini blasts former Five Star partners for teaming up with PD.
Italy's Conte set to unveil new cabinet: AFP reports, Italy's incoming Prime Minister Giuseppe Conte was expected Wednesday to present a new government of the anti-establishment Five Star Movement and former center-left foes after nearly a month of crisis. Conte is set to see President Sergio Mattarella and unveil his new cabinet before the ministers are sworn in, bringing to an end a period of political turmoil sparked last month by the collapse of the country's populist coalition.
How Italy's 'Captain' Salvini steered his ship onto the rocks: Reuters reports, at a closed-door meeting on Aug. 6, Matteo Salvini's advisers told the populist Italian politician he was trapped in an unproductive coalition government and should bring it down.
Lagarde calls on European governments to launch fiscal stimulus: FT reports, ECB president-elect warns that greater co-operation is needed to tackle populism.
Brazil president will make video call to Amazon summit: AFP reports, Brazil's President Jair Bolsonaro will participate by video in a regional summit on fires that have devastated the Amazon, his spokesman said Tuesday, after previously stating he would skip it altogether. The far-right president, widely criticized over his support for Amazon deforestation and a delayed reaction to the wildfires, had said earlier this week that he would miss Friday's session in Colombia due to preparations for a surgery.
Andrew Cummins: Argentina’s political uncertainty is stoking financial fears: Capital controls and debt ‘reprofiling’ can only do so much.
Over the past few days, Argentina's stock market gave up two years of gains.
Guardian: Justin Trudeau seeks to repeat 2015 surge as Canada braces for election
The prime minister is likely to call a vote for next month in which the environment, populism, and Trump are all expected to feature.
NYT: Trump says China will suffer as data shows trade war hurting US
WSJ - Editorial: Trump’s manufacturing SOS: Tariffs and trade uncertainty punish US goods makers.
"Businesses from Best Buy to Caterpillar this summer reported that Trump ’s trade brawls were disrupting supply chains, reducing exports, raising material costs and delaying investment decisions. IHS Markit reported on Tuesday that its manufacturing purchasing index is the lowest since September 2009."
The August ISM Manufacturing PMI report unexpectedly dipped below 50, which indicates a contraction in factory activity.
Small business hiring keeps weakening.
Holman W. Jenkins, Jr.: How bad can a trade war get? The Trump China policy has fixed no problem, but the recovery can survive it.
Akio Fujii: Trump on thinner political ice than Xi in trade war: Reelection bid raises need for quick truce to keep economy humming.
Analysis: Trump’s conservative critics are speaking a code: AP reports, like whisperers in a tempest, conservative-minded officials across the breadth of Donald Trump’s government are letting it be known what they think of him, and some of it isn’t pretty. But they are speaking oh so softly, in a kind of code, to a country that may only hear shouting. Crack the code and you can sometimes see deep discomfort with Trump, the contours of a searing repudiation. In the view of many institutionalists of the right as well as the left, he is bulldozing values that America holds dear. Yet the negativity is couched in words of moderation and caution. What effect does that have in Trump’s America? These are sober, restrained players in a fracas produced, directed and dominated by an in-your-face president.
Guardian: 'Bringing love into politics': Marianne Williamson finds a foothold in Iowa
The university town of Fairfield is a hub of transcendental meditation, progressive politics – and Williamson supporters.
Elizabeth Warren narrows Joe Biden lead among Democrats: IBD/TIPP Poll
Joe Biden remains the Democratic front-runner, but Massachusetts Sen. Elizabeth Warren jumped to within four points of the former vice president in September's IBD/TIPP Poll.
In a head-to-head 2020 election contest of Biden vs. Trump, the IBD/TIPP Poll found a 54%-42% advantage for Biden. A month earlier, Biden led Trump by 13 points. Sanders had a narrow 49%-45% edge over Trump, while Warren and Harris had slimmer 49%-46% leads.
Google accused of secretly feeding personal data to advertisers: FT reports, evidence to Irish regulator suggests tech company is using hidden web pages.
Reuters: Samsung's Galaxy Fold will go on sale on September 6 in South Korea: source
Nikkei: Apple to launch new low-cost iPhone in 2020 to halt sales decline
Reuters: WeWork adds woman to its board ahead of IPO after backlash
Porsche unveils its first-ever electric car.
CNET: Facebook considers experimenting with hiding likes
Another way to help improve users' mental health.
Aerobic fitness may trump strength for metabolic health: NYT reports, endurance affects metabolism substantially more than muscular strength does, a new study suggests.
Venice Film Festival: Joaquin Phoenix is frighteningly good in Joker.
THR: Ryan Murphy adds to Netflix slate with 'A Chorus Line' mini, Andy Warhol docuseries
LAT: USC officials discussed how much wealthy parents could donate when their children applied, records show
AFP: The perfect city? Vienna's recipe for success
The Austrian capital is for the second year in a row basking in the title of the world's most liveable city, as measured by the Economist Intelligence Unit's annual ranking of the world's urban centers.
Guardian: World's most liveable cities: Vienna's win leaves Sydney and Melbourne in a spin
The Australian cities’ spin doctors were out in force for the results of the Economist Intelligence Unit’s global liveability index.
Economist Intelligence Unit's world’s most liveable cities 2019:
1. Vienna, Austria
2. Melbourne, Australia
3. Sydney, Australia
4. Osaka, Japan
5. Calgary, Canada
6. Vancouver, Canada
7. Toronto, Canada
7. Tokyo, Japan
9. Copenhagen, Denmark
10. Adelaide, Australia
Enjoy the ride + plan accordingly.