2019-08-14

Headlines:

From Al Jazeera, Associated Press, BBC News, Reuters, The Globe and Mail, New York Times, and Wired

Explainer: Countdown to recession – What an inverted yield curve means – (Reuters)
Yields on U.S. 10-year Treasury notes slid below those on two-year notes on Wednesday, delivering a reliable recession signal and sending shudders through global financial markets.

Treasury yields invert, warning of possible recession – (Associated Press)
NEW YORK (AP) — An economic alarm bell has sounded in the U.S., sending warning signs of a possible recession ahead.Yields on 2-year and 10-year Treasury notes inverted early Wednesday, a…

Are the markets signalling that a recession is due? – (BBC News)
Financial markets have taken fright after the appearance of a trusted signal of an upcoming recession.

U.S. import prices unexpectedly rise, but trend still weak – (Reuters)
U.S. import prices unexpectedly rose in July, but the underlying trend continued to be weak, pointing to subdued imported inflation pressures.

France opens criminal probe into death of Irish girl in Malaysia – (Reuters)
The Paris prosecutor’s office has opened a criminal probe into the death of an Irish-French girl, whose body was found near a jungle stream in Malaysia, a spokeswoman said on Wednesday.

Wall St. opens lower as recession signals grow – (Reuters)
U.S. stocks fell at open on Wednesday, as a closely-watched bond market indicator pointed to a renewed risk of recession, undoing gains from the previous session due to a retreat by Washington on its latest tariffs on Chinese goods.

A$AP Rocky found guilty of assault by Swedish court – (Associated Press)
STOCKHOLM (AP) — A Swedish court on Wednesday found American rapper A$AP Rocky guilty of assault for his role in a June 30 street brawl in Stockholm that drew the close attention of U.S. President…

‘No chance of US deal’ if Brexit hits Irish accord – (BBC News)
Congress will block a UK trade deal if Brexit harms the Good Friday Agreement, key US Democrat says.

AP Source: Epstein jail guards suspected of falsifying logs – (Associated Press)
NEW YORK (AP) — Jail guards on duty the night Jeffrey Epstein apparently killed himself are suspected of falsifying log entries to show they were checking on inmates every half-hour as required,…

Dozens of child sex abuse victims sue Catholic Church in New York after change in law – (Reuters)
Dozens of people in New York state who were victims of sexual abuse as children sued the Roman Catholic Church in New York on Wednesday, the first day a new law temporarily enabled them to file lawsuits over decades-old crimes.

The Latest: A$AP Rocky lawyer ‘disappointed’ by verdict – (Associated Press)
STOCKHOLM (AP) — The Latest on A$AP Rocky’s trial for assault in Stockholm (all times local):2:55 p.m.The lawyer for U.S. rapper A$AP Rocky says he is “disappointed” by the decision…

U.S. rapper A$AP Rocky spared jail after being found guilty of Stockholm brawl – (Reuters)
U.S. rapper A$AP Rocky was convicted of assault by a Stockholm court on Wednesday but was spared time in prison after a high-profile trial that led President Donald Trump to question the fairness of Sweden’s legal system.

Flights restart at Hong Kong airport as protesters apologize – (Associated Press)
HONG KONG (AP) — Flights resumed at Hong Kong’s airport Wednesday after two days of disruptions marked by outbursts of violence that highlight the hardening positions of pro-democracy protesters…

ASAP Rocky Found Guilty of Assault, but Will Serve No More Jail Time – (The New York Times)
The ruling — a victory of sorts for the rapper — comes in a case that has gripped the music world, as well as President Trump.

Kashmiri reporter finds fear, chaos in locked-down hometown – (Associated Press)
BARAMULLA, India (AP) — My car moved within a column of Indian army vehicles and a cloud of dust. On a normal day, it would have been a smooth journey from the airport in Srinagar, the summer…

ASAP Rocky found guilty of assault – (BBC News)
US rapper ASAP Rocky is found guilty of assault during a Stockholm brawl and given a suspended sentence.

China says Hong Kong protests ‘near terrorism’ as airport reopens – (Reuters)
China said Hong Kong’s protest movement had reached “near terrorism” on Wednesday, after a night of ugly clashes at the city’s airport where demonstrators set upon and detained two men they suspected of being government sympathizers.

Jeffrey Epstein sex abuse accuser files first in wave of lawsuits – (Reuters)
A New York woman who says she was sexually assaulted by Jeffrey Epstein at the age of 14 sued the disgraced financier’s estate and a former associate on Wednesday in the start of an expected wave of lawsuits.

Germany Is Heading Toward Recession, New Data Indicates – (The New York Times)
The economy shrank in the second quarter and is likely to shrink in the following one, analysts said. They blame trade tensions.

Wildfires leave blackened forests in their wake – (BBC News)
Hundreds of villagers are evacuated as flames ravage a dense forest on the Greek island of Evia.

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From various sources

Tim Tszyu vs Dwight Ritchie live: Updates, results, full card, boxing – (News.com.au)
Welcome to our live coverage of Tim Tszyu’s title fight against Dwight Ritchie.

Ashes 2019 live: Rain, weather, Australia vs England second Test scores, day 1 – (News.com.au)
Welcome to our live coverage of day one of the second Ashes Test at Lord’s.

Iraqi PM visits Shia base amid conflicting reports about explosion – (The Jerusalem Post)
“We can conclude that the weapons were being stored for safekeeping by a neighboring country and were targeted by an unjust colonial state based on a treasonous Iraq tip off.”

Mandelblit: Haim Katz will be indicted for breach of trust – (The Jerusalem Post)
The Attorney-General’s announcement was made after a letter of suspicion against Minister Katz was signed by State Attorney Shai Nitzan and Tel Aviv District Attorney Liat Ben Ari.

Palestinians revive charge Zionism is racism at UN hearing – (The Jerusalem Post)
“What we face is the Zionist movement,” PLO Ambassador to the UN in Geneva Ibrahim Khraishi said.

Far Right candidates say they aren’t racist – (The Jerusalem Post)
“There are good Arabs,” Ben-Gvir told the 33-member committee. “They’re not all terrorists. The problem is not with all Arabs but with those who are not loyal.”

Stav Shaffir silenced at election committee – (The Jerusalem Post)
“We are here to stop those trying to infiltrate the Knesset to destroy our democracy from within,” Shaffir said. “We will not let you kidnap Israeli democracy.”

NY woman is first to sue Jeffrey Epstein’s estate for sexual abuse – (The Jerusalem Post)
Epstein, 66, was found unresponsive on Saturday in his cell at the Metropolitan Correctional Center in Manhattan, having apparently hanged himself, according to federal prison authorities.

Syrian government closes in on town that was bombed with sarin – (The Jerusalem Post)
The advance towards Khan Sheikhoun threatens to encircle the last remaining pocket of rebel-held territory in neighboring Hama province.

Amazon Web Services establishes cloud infrastructure in Israel – (The Jerusalem Post)
Amazon announced Tel Aviv to become third Middle East location to join giant’s new CloudFront “Edge” infrastructure; charges will follow European price classes.

US-China trade war: Why you’ll feel the latest round of tariffs – CNN Video – (CNN)
President Trump is threatening more tariffs on Chinese imports. CNNI’s Julia Chatterley explains why American consumers could bear the brunt of the newest trade war escalation.

Ram Nath Kovind’s address on the eve of 73rd Independence Day | Highlights – (The Hindu)
President Ram Nath Kovind addressing the nation on August 14 evening on the eve of the 73rd Independence Day.The address in Hindi was broadcast and telecast from 7 p.m. followed by the address in Engl

The First Newspapers, in Praise of Barry Manilow, and Documenting China’s Harrowing One-Child Policy – (The American Conservative)
Also: Natalia Ginzburg’s lexicon, and more.

From Reagan to Trump: Here’s how stocks performed under each president – (CNN)
President Donald Trump often cites the stock market as a scorecard of his policies. Here’s how the S&P 500 performed under each president from Reagan to Trump.

WeWork IPO: Revelations from the prospectus – (Financial Times)
Company sets out how it is dealing with founder Adam Neumann’s conflicts of interest

exaflop – (Next Big Future)

WeWork losses blow out as $3bn-plus offering launched – (Financial Times)
Property group sets the stage for market debut as soon as September

Is a currency war coming? – CNN Video – (CNN)
Some investors fear a currency war between the U.S. and China is coming, after Beijing allowed the Yuan to fall below a key symbolic level. Julia Chatterley explains why the Yuan is weakening, and how the Trump administration is responding.

Pro Rata – (Axios)
Insider views on deals and dealmakers in venture capital, private equity and M&A, by Dan Primack. Weekday mornings

Bond market flashes ominous warning over US and UK economies – (Financial Times)
Key portions of yield curves ‘invert’ for the first time in more than a decade

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All about Trump

US-China trade war: Why you’ll feel the latest round of tariffs – CNN Video – (CNN)
President Trump is threatening more tariffs on Chinese imports. CNNI’s Julia Chatterley explains why American consumers could bear the brunt of the newest trade war escalation.

From Reagan to Trump: Here’s how stocks performed under each president – (CNN)
President Donald Trump often cites the stock market as a scorecard of his policies. Here’s how the S&P 500 performed under each president from Reagan to Trump.

Is a currency war coming? – CNN Video – (CNN)
Some investors fear a currency war between the U.S. and China is coming, after Beijing allowed the Yuan to fall below a key symbolic level. Julia Chatterley explains why the Yuan is weakening, and how the Trump administration is responding.

The 28 most egregious lines from Donald Trump’s Pennsylvania speech – (CNN)
On Tuesday President Donald Trump took a break from his summer vacation in New Jersey to deliver remarks on energy in Pennsylvania. The speech was billed as an official White House event, but the actual address was the stuff of a Trump campaign rally. Because…

El Paso mass shooting: War of words between Trump and local politicians heats up ahead of his El Paso visit – (CBS News)
Former Rep. Beto O’Rourke goes at it with Trump, as does his successor, Victoria Escobar

Why Trump’s Trade War Keeps Zapping Tech Stocks—Data Sheet – (Fortune)
Shares of Apple and other tech stocks rose as the president delayed imposing tariffs on some goods, including the iPhone.

U.S. rapper A$AP Rocky spared jail after being found guilty of Stockholm brawl – (Reuters)
U.S. rapper A$AP Rocky was convicted of assault by a Stockholm court on Wednesday but was spared time in prison after a high-profile trial that led President Donald Trump to question the fairness of Sweden’s legal system.

ASAP Rocky Found Guilty of Assault, but Will Serve No More Jail Time – (The New York Times)
The ruling — a victory of sorts for the rapper — comes in a case that has gripped the music world, as well as President Trump.

3 Animals Hurt By the New Endangered Species Act – (Wired)
These three creatures illustrate the harm that could come from the loss of protections, which the Trump administration announced Monday.

The Hill’s Morning Report – Trump lauds tariffs on China while backtracking from more | TheHill – (The Hill)

Child Victims Act, A$AP Rocky case, Julián Castro’s anti-Trump ad: 5 things to know Wednesday – (USA Today)
New York sex abuse victims get new chance to seek justice, A$AP Rocky to receive verdict on assault case in Sweden and more things to start your Wednesday.

Waning of American Power? Trump Struggles With an Asia in Crisis – (The New York Times)
The Trump administration has taken a hands-off approach to conflicts — from Kashmir to Hong Kong to the rivalry between Japan and South Korea — as Asian officials escalate the battles.

Donald Trump, plastic pusher – (CNN)
President Donald Trump is all about plastics, arguing his support for it sets him apart from Democrats, trolling them for their environmental concerns and pushing any blame for too much of the stuff onto China.

Dow Futures Plunge 100 Points as ‘Fear Gauge’ Flashes Red Signal – (Crypto Coins News)
Dow Jones Industrial Average (DJIA) futures struggled for traction on Wednesday despite Trump’s promise to delay China tariffs.

Trump official: Statue of Liberty poem is about Europeans – (Associated Press)
WASHINGTON (AP) — A top Trump administration official says that the famous inscription on the Statue of Liberty welcoming immigrants into the country is about “people coming from Europe” and that…

U.S. Will Back More Condominium Loans Aimed at First-Time Buyers – (The Wall Street Journal)
The Trump administration is vastly expanding the scope of condominium purchases eligible for lower-down-payment loans.

‘Start Here’: Hong Kong airport chaos continues, as Trump’s China tariffs are delayed – (ABC News)
It’s Wednesday, Aug. 14, 2019. Here’s what you need to know to start your day.

Tyson wants fewer government inspectors in one of its beef plants. Food safety advocates are raising alarms. – (NBC News)
Tyson, one of the country’s largest meatpackers, is petitioning the Trump administration to reduce the number of government inspectors at its Kansas beef plant.

Trump’s New Farm Tariffs No Match for China’s Retaliatory Duties – (Bloomberg)
President Donald Trump’s new tariffs on Chinese agricultural products are likely to hurt the Asian nation a lot less than the retaliatory duties Beijing already …

Hillary Ruins the Plan – (National Review)
Plan A was to exonerate her and get her elected. Plan B, the failsafe, was an ‘insurance policy’ meant to destroy Trump.

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