Marc Ross Daily
September 5, 2019
Curation and commentary from Marc A. Ross
Reporting from Alexandria, Virginia
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Serena Williams, Overwatch League, Burning Man, StubHub, GOP Retirements, 43 Days
✔️ Hurricane Dorian: 'generational devastation' in Bahamas
✔️ EU’s decision-makers have lost patience with Britain
✔️ US gets its first psychedelics research center
✔️ Trump’s lost summer
✔️ NFL’s 100th season kicks off tonight
Guardian: Hurricane Dorian: 'generational devastation' in Bahamas, says PM
Officials expect the number of dead will continue to rise as large parts of some islands remain inaccessible to rescue crews.
Brexit mess: Boris Johnson failed in his bid to call a snap general election on Wednesday, boxing in the UK prime minister over his Brexit strategy. Next steps? The government could try to bypass legislation requiring a two-thirds majority to approve a snap election, and while it's unlikely, Johnson could call a vote of no confidence in his own government and then call on his MPs to abstain
Boris Johnson has offically been PM for 43 days.
Boris Johnson’s brother quits over Brexit in fresh blow to PM: FT reports, Jo Johnson resigns as government sets out plan to try again to call a general election.
CNBC: Boris Johnson ‘has lost control,’ experts say, but election could be a ‘lifeline’
Zoe Williams: Boris Johnson is a hostage in No 10. No wonder he fears a long contest: Now that Labour has refused to rise to the prime minister’s bait, his project lies cruelly exposed in all its absurdity.
Simon Kuper: How Europe views the Brexit endgame: The EU’s decision-makers have lost patience with Britain and want it out — fast.
Italy's new coalition sworn in as analysts cast doubt over longevity: Guardian reports, Italy’s new coalition government between the center-left Democratic party and the anti-establishment Five Star Movement has been sworn in, with many analysts casting doubt on how long it will last.
Reuters: Italy swears in new coalition, seen bolstering EU ties
CNBC: China and US agree to meet in October for trade negotiations
China’s Ministry of Commerce said Thursday that the leaders of the US and Chinese trade talks held a phone call in the morning and agreed to meet in early October for another round of negotiations.
WSJ: China and the US will hold high-level trade talks in early October
Liu He, Robert Lighthizer, and Steven Mnuchin spoke by phone Thursday morning Beijing time.
Robert B. Zoellick: The trade war’s winners don’t include us: Lost foreign markets, retaliation, higher prices, falling investment. Where’s the upside?
Canada appoints ex-McKinsey chief as new China ambassador: FT reports, Dominic Barton tasked with improving relations that soured after Huawei CFO arrest.
China has the second-largest pharmaceutical market on the planet, worth $280 billion. About 40 percent of that is from the traditional Chinese medicinal system, which includes herbal medicine and acupuncture.
Andreea Leonte: Brazil needs compensation if it is to protect the Amazon: To save the forests make them most valuable to their host countries intact.
Life after Queen Elizabeth II: What will ‘the inevitable’ bring?Most Canadians don’t understand the power of the Crown and its local reps. They should. http://bit.ly/2zZpSUZ
FT: Investment banking revenues plunge to 13-year low
The G7’s doomed effort to preserve the hegemony of white power: The Spectator reports, when the G7 was first convened in 1976 it made sense for those countries to gather. In a world divided between democratic capitalism and authoritarian socialism, as well as between industrialized countries in the West and an almost universally poor ‘developing world’, the US, Japan, UK, Germany, France, Italy, and Canada were the wealthy nations who could best solve problems. More than four decades later, a meeting of the same seven countries is an anachronism. What right have Italy and Canada (respectively the world’s eighth and tenth largest economies) to be at the top table when China (second), India (seventh) and Brazil (ninth) are excluded? Simply by its make-up, the G7 is beginning to look like a doomed effort to preserve the hegemony of white power.
Paul Mason: The absurd and frivolous G7 summit signaled the end of the world order: The elite of every country is increasingly out of control.
US gets its first psychedelics research center: Johns Hopkins is opening a new research center dedicated to psychedelics. Called the Center for Psychedelic and Consciousness Research, the facility is the country’s first of its kind and was launched with a $17 million gift from donors. It will focus on better understanding the health effects of psychedelics, including psilocybin, the hallucinogenic substance found in magic mushrooms.
AP: 2 more House Republicans retiring ahead of 2020 elections
With the retirement announcements of Reps. Bill Flores, R-Texas, and Jim Sensenbrenner, R-Wis., 15 House Republicans have said they will step aside before next year’s elections.
LAT: Trump’s schedule shows a president with plenty of downtime this summer
"This week, aside from daily intelligence briefings and private lunches with Cabinet members, Trump has only one event on his public schedule — on Thursday he will award the Presidential Medal of Freedom to Lakers legend and NBA Hall of Famer Jerry West."
WP: Trump’s lost summer: Aides claim victory, but others see incompetence and intolerance
‘They are riding a rubber ducky into alligator-infested waters’: Politico reports, Trump faces a contracting U.S. factory sector, a narrow path to trade victories and investors spooked by recession risks — all before an election year.
NYT: Trump heads into 2020 with no clear policy agenda. But it may not matter.
John Podhoretz: Republicans need to get Trump to shift course or suffer in 2020
Milwaukee Journal Sentinel: Trump trails Democrats Biden and Sanders in newest Marquette poll of Wisconsin voters
Trumpworld anxiety grows over a rising Elizabeth Warren: Daily Beast reports, they once thought they’d delivered the political kill shot. But now GOP operatives are complaining that nothing sticks to Warren.
AP: Oprah Winfrey launching wellness arena tour in early 2020
“Oprah’s 2020 Vision: Your Life in Focus” tour will begin Jan. 4 in Fort Lauderdale, Florida. She is working in conjunction with WW (Weight Watchers Reimagined) to offer a full-day of wellness conversations during the nine-city tour.
Today: Trump will sit down with GM CEO Mary Barra to discuss trade, ongoing contract talks, and revising vehicle fuel efficiency standards
The man who couldn’t take it anymore: “I had no choice but to leave,” General James Mattis says of his decision to resign as President Trump’s secretary of defense. http://bit.ly/2PMryfy
Edward Luce: Jim Mattis and the surrender of America’s adults: Former staff may be critical of Donald Trump but they will not denounce him publicly.
Curt Mills: Trump’s massive shadow cabinet: This is government, ex-officio. http://bit.ly/2PNLeQa
"Personnel is the Achilles’ heel of this presidency. Trump sometimes describes the goings-on in the administration as if he were still a bystander in the American power game."
"Those unofficially in Trump’s orbit seem to matter more than the government salary class."
CNBC: Economist Jim O’Neill warns the US may be too dependent on consumers, like in 2008
The US economy is becoming “riskily dependent” on the “overleveraged consumer,” warns economist Jim O’Neill.
LAST CALL FOR ANNAPOLIS
Brigadoon Annapolis 2019 | Salon Dinner + Sailing
Topic: Thought Leader Mindset
Sailing: Liberte, The Schooner
More details + tickets - here.
StubHub, the ticket marketplace EBay Inc. is selling, has drawn interest from suitors including rival Vivid Seats LLC and buyout firm KKR & Co., according to people familiar with the matter. Silver Lake is weighing a bid for StubHub, which could fetch about $3 billion.
P&G takes tide to the cleaners: WSJ reports, with big brands under attack, Tide dry-cleaning business is growing, with more locations, campus delivery and wash-and-fold service.
Six-sided story: the rise of creative branding in sneaker box design: The Drum reports, shoe boxes were once practical devices for transporting footwear from the store to the closet. Now, as more consumers sign up for their sneakerhead membership card, they are becoming an essential piece of brand collateral – revered by sportswear fans and poured over by marketers. http://bit.ly/2zS2Z5R
Instagram is shifting away from grid posts to stories and video content, while prioritizing shoppability. With 97% of brands actively using Instagram Stories, the platform is the most popular according to Gartner L2’s Digital IQ Index: Specialty Retail. In fact, each brand posted an average of 98 stories over the course of July 2019. Swipe Up is the most utilized feature native to Instagram Stories, allowing brands to direct followers to specific mobile site pages.
Facebook is in yet more privacy-related hot water after an exposed server was found online containing over 419 million records of users' phone numbers.
Facebook just announced that it’s launching a new pop-up to warn people about possibly misleading vaccine information.
Samsung Electronics' foldable smartphones will go on sale in South Korea tomorrow. The $2,000 device comes in 5G versions.
Kellogg is whipping up its own bleeding meatless burger for 2020.
AB InBev’s “no corn syrup” Super Bowl ad drama continued when a federal judge barred the brewer from making the corn-syrup-free claim.
WeWork’s Adam Neumann returns controversial $5.9m payment: FT reports, shared office space provider had compensated chief executive for rights to the word ‘we.
Under Armour names new North American president to lead struggling home market: CNBC reports, Under Armour named Stephanie Pugliese as its new North American president Thursday.
Adam Piore: I tried Prolon’s starvation diet so you wouldn’t have to: A diet based on caloric restriction might make you live longer. It’ll certainly feel like longer. http://bit.ly/2PK2p4V
Over the past 10 years, the Hallmark Channel and sibling network Hallmark Movies & Mysteries have unleashed fully 176 original Christmas movies.
Guardian: Burning Man: 58 people arrested at festival in sharp increase from last year
Authorities arrested 14 more people than in 2018, and most arrests were primarily for drug possession.
Overwatch League: Based on the 526 hours of league content produced in the 2019 season, the league averaged 313,000 viewers per minute globally.
The NFL’s 100th season kicks off tonight in Chicago.
US Open - Semis
Elina Svitolina v Serena Williams @ 7:00 pm
Belinda Bencic v Bianca Andreescu @ 8:15 pm
Matteo Berrettini v Rafael Nadal @ TBD
Daniil Medvedev v Grigor Dimitrov @ TBD
Enjoy the ride + plan accordingly.